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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 24, 1992
Page
22
The Eastern Iowa Product Show EXPO '92 hosts a March Business Exchange PM at the Five Seasons Center from 5 to 7 p.m. tonight. Admission is $5 for members and $10 for non-members as attendees assess the market and networking opportunities.
Southgate Development of Iowa City plans a new shopping center on 8.7 acres at Mormon Trek and Benton Street within two to three years. A grocery store is likely, pending a market study due by the end of April, with Buyers Realty of Des Moines possibly assisting. The site is CN-1 zoned for neighborhood retail and services, and University of Iowa Community Credit Union holds an option on land.
The Court will decide if thousands of taxpayers may deduct home office expenses even when they spend most time working elsewhere. Nader Soliman, an anesthesiologist in McLean Virginia, claimed deductions for condo fees utilities and depreciation for a spare bedroom used as his office though he worked 30 to 35 hours weekly at three hospitals.
Iowa farmers to participate in a statewide study comparing profitability of diverse farming practices. Led by Kelly Tobin, the Iowa Association of Soil and Water Conservation District Commissioners, the project aims to show soil conservation can boost bottom lines. Up to 150 farmers per county will record 1992 crop data and compare with peers over three weeks.
Washington sources say the Bush administration is very hopeful of a new global trade agreement by the end of April. German Chancellor Kohl warns it would be a catastrophe if major powers fail to cut trade barriers but opposes pressuring a partner. Kohl pushes for compromise and says talks should not be on the Munich summit agenda.
Iowa thrift institutions earned a combined 9.5 million dollars in 1991, the first profitable year since 1985, according to the U.S. Office of Thrift Supervision. The gain was reduced by a 27.2 million loss at United Federal Savings Association of Des Moines, with Metropolitan Federal Savings Bank in Fargo earning 56.2 million.
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