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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 09, 1998
Page
1
First Financial Bancorporation of Iowa City will be bought by Mercantile Bancorporation of St. Louis for about $169 million in a stock swap. The deal reflects cross state expansion and will transfer ownership and control to Mercantile with stock-based consideration.
University of Iowa football star Tony Collins has left the program and dropped out of classes. The move baffled coaches and changes the team’s plans as details remain unclear.
Bikers gathered outside the U.S. Courthouse in Cedar Rapids as a Sons of Silence leader was sentenced. Details on 1B.
A Maryland company is sued as it issues an urgent international recall of about 1 million EpiPen and EpiPen Jr devices. The action affects patients and healthcare providers amid safety concerns and regulatory scrutiny.
A funnel cloud touched down near Center Point causing scattered damage to corn shacks but no major structural harm. Details on 1B.
Deann Cook of Cedar Rapids learned much about her adoptive mother while searching for her birth mother as detailed in Life & Leisure in Sunday's Gazette.
Gov. Terry Branstad vetoed 17.4 million of 24 million in proposed school improvements, threatening an override by GOP leaders. He urged negotiations to restore funding, support all day kindergarten, teacher pay, and statewide reform, and signaled willingness for a special session if an agreement is reached.
Gov. Terry Branstad approves a 24 million dollar reform package with 9 million in block grants for K through 3, 4 million to growing districts, 2.4 million to stabilize budgets in shrinking districts, 2 million for support levies, frontier schools exemption, a merit pay pilot short of target by 3.7 million, starting teachers salaries rise to 23000, 5.2 million for early childhood programs, and easier termination rules for underperforming teachers.
A University of Iowa freshman from Mundelein Illinois, Mary Margaret Lutz, remained in the medical intensive care unit with a severe bloodstream infection caused by Neisseria meningitidis. University officials reported precautionary steps including treating her roommates and alerting students on her Burge Hall floor.
Iowa 1996 vital statistics report notes Jacob or Jake as the top boy name for the fifth straight year with 574 uses among 19,035 boys. Emily leads girls with 406 among 18,095 births, continuing since 1994. The record set includes oldest mother 53 and oldest father 68, and earliest births date patterns.
Forty-one seniors at Washington High School share valedictorian honors with a 4.0 GPA, the largest group in the Class of '98. Debate over the number arises with students like Emily Ogden and Dale Muzzey weighing the impact on prestige.
The unemployment rate fell from 4.7 to 4.3 percent in April, the lowest since February 1970, as 262000 new jobs were created. Wages rose 4.4 percent year over year to 12.67 per hour. The Dow rose 78.47 points to 9055.15 as inflation concerns eased.
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