18 Mar 2009
Page 1
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 18, 2009
Page
1
Senator Chuck Grassley says executives who oversaw bailout losses should apologize to America but softens the call after stating they may resign or face death by own action. He repeats that taxpayers deserve accountability for the financial crisis and government rescue.
Democrats pressed AIG to repay 165 million in post bailout bonuses or face emergency taxation. Cuomo reported 73 AIG employees received million plus bonuses last Friday as the firm teetered on failure and required government support.
University of Iowa junior Brent Metcalf begins his defense of the NCAA wrestling title in St Louis. He has shown fierce focus after the death of his older brother Chase in a 2005 car crash, drawing strength from family and his fighting mindset.
A study by ISU economists finds large gains in taxable sales after Linn and Johnson County floods. Electrical contractors up 139 percent in Linn and 62 percent in Johnson. furniture and drywall trades also surged as recovery began. University of Iowa term start also boosted Johnson County sales. The increases may have cushioned Iowa against the national recession.
Johnson reports taxable sales on property Tuesday. Otto, economics professor, says natural disasters have a stimulative effect with wealth loss yet increased consumer spending, highlighting regional and urban economic impacts and noting sales data on page 12A.
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