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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 01, 2001
Page
15
Americans increased spending by 0.3 percent in March while incomes rose 0.5 percent. Durable goods purchases fell 1.1 percent after a 1.6 percent rise, non-durables were flat, and services rose 0.7 percent. Personal savings turned negative to 0.8 percent.
About 170 craft workers at Quaker Oats enter a second week of strike as union members plan a noon meeting at Machinists Hall 222 Prospect Place SW to review health insurance options. No contract progress noted. production briefly paused earlier while unions oppose outsourcing seven pump room roles and an alternate schedule.
The Gazette notes mixed trading as indices waver and key shares move on economic data. Traders weigh corporate earnings, interest prospects, and global cues with sector rotations influencing daily moves.
Washington AP reports that consumer skepticism toward irradiated meat persists despite safety gains. Veneman says rebranding efforts unlikely to shift attitudes as FDA and USDA weigh extending irradiation to sandwiches and hot dogs amid labeling and Radura symbol requirements.
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