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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 26, 1980
Page
1
Two hearings in Cedar Rapids addressed environmental and pollution problems with public input. The report notes local concerns and suggestions as residents voiced views on how to tackle pollution and related issues.
A brief item notes the House advancing a measure aimed at reducing soil erosion in a Tuesday session. The passage hints at ongoing legislative activity and daily practices, with page references to follow.
The market extends declines as investors dump shares amid rising pressure from fragile margin accounts. Analysts note lenders tightening requirements and cautious trading by large funds as volatility climbs.
A bakery signs a joke about rising costs stating their pumpernickel bread is now called pumperdime. The lighthearted note reflects price pressures and humor amid inflation.
Iowa legislators raced Tuesday to shape new lending laws as the Senate Commerce Committee backed an 18 percent ceiling on open ended credit and 21 percent on closed end loans. A separate auto loan bill capped at 18 percent passed the House 81 to 8 and awaits Gov. Ray. The measures contend with a possible federal preemption on home loan protections.
Ayatollah Beheshti says the Revolutionary Council favors trying the American hostages if Shah Pahlavi is not returned to Iran. He also calls for breaking diplomatic relations with the United States while Pahlavi travels toward Cairo amid reports of spleen cancer.
Mark Von Behren, a 17 year old junior at Kennedy High School, lives alone in a motel style apartment and recently won an $18,000 Porsche 924 in a contest. He works nights and weekends at Marion Ski and Recreation and receives state aid to live independently as a ward of the court. The car is a dream outside his reality, as he questions why he deserves such a prize.
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