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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 03, 2004
Page
8
A spring heat wave pushed Southern California temperatures to record highs with sixteen areas tallying new peaks. Downtown Los Angeles reached 97 degrees, breaking the May 2 record of 92 degrees as officials warn the fire season is near.
Madison police set a four keg per household cap for the annual Mifflin Street block party near the UW campus amid thousands of revelers. Despite the limit, many apartments still hosted large quantities with some addresses holding up to 16 kegs, while last year Houses reported as many as 50 kegs. About 210 people were arrested for disorderly conduct and open intoxicants, with organizers saying the cap is inadequate.
Washington AP reports the Federal Reserve weighs a gradual path to higher rates amid job growth, potential inflation signs, and memories of the 1994 tightening that spooked markets and contributed to shocks in Orange County and Mexico. The federal funds rate stands at 1 percent, a 46 year low, with a first move anticipated to avoid past mistakes.
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