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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 25, 2015
Page
12
February saw new home purchases climb 7.8 percent to a 539,000 annual pace, the strongest since February 2008. The gain beat Bloomberg economists' expectations as weather and job growth boosted demand, with a 2.6 percent price rise to 275,500. Northeast led with a 153 percent surge, while Midwest and West fell.
U S consumer prices rose 0.2 percent in February after January's drop, ending three straight declines. The year over year CPI was flat, while core CPI climbed 0.2 percent, signaling persistent inflation pressures. Fed officials view energy-driven weakness as transitory and consider rate moves as data improve.
Taco Bell will roll out Biscuit Tacos at more than 6,000 U.S. restaurants, wrapping taco biscuits around fillings such as chicken and gravy. The new breakfast items debut to expand the morning menu and compete with McDonald's Egg McMuffin on price and category dominance.
Iowa produced 1.51 million pounds of honey in 2014, down from 1.87 million in 2013, with 35 000 colonies and an average yield of 43 pounds per colony. The state ranked 19th nationally, and the crop was valued at 3.78 million dollars. Experts cite harsh winter, pesticides, and parasites as major losses affecting colonies.
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