Rates rise threaten economy with slower growth
The Fed's rate hikes aim to curb inflation but may cool demand, slow housing and construction, and threaten job gains. Mortgage rates near 9 percent damp home buying and refinancing, while savers see limited gains and lenders push higher loan rates. Analysts warn substantial job losses could follow if higher rates persist through year end.
MENTIONED IN THIS ARTICLE
Federal Reserve
North Palm Beach
Fla
Bob Heady
Bank Rate Monitor
National Association of Homebuilders
Kent Colton
Kettler Forlines Homes
Washington D.C
Kettler
Bob Simmons
Heady
Fed
Sandra Shaber
WEFA
Philadelphia
United States
Sohn
Pomerantz Family Gifts Named Pavilion at U of Iowa Hospitals
U of Iowa Hospitals names a new pavilion after donor Marvin Pomerantz and family for a gift around 1 million dollars. He leads Mid-America Group and Gaylord Container and has long engaged in civic and Republican fundraising. Branstad lauded the family's generosity and public service amid state politics.
MENTIONED IN THIS ARTICLE
Pomerantz
U of Hospitals
Tration
Wyrick
U of I
Marvin Pomerantz
Mid-America Group Ltd
Gaylord Container Corp
Board of Regents
Iowa Senate
Regents
Branstad
New Life Fitness World
Iowa
Clayton County approves riverboat gambling by 60 40 margin
Voters in Clayton County backed limited stakes riverboat gambling by a 60 to 40 percent margin, with 58 percent turnout versus 25 percent in 1991. Greg Rich noted 1991 approval and polls showed similar support. opposition leader Karl Goodfellow called for healing after a divisive referendum. Nearby counties vote next Tuesday on riverboat wagering and slot machines at tracks. Local town totals listed.
MENTIONED IN THIS ARTICLE
Greg Rich
Mississippi
Clayton County
Rich
Gamblers Supply Inc
Sioux Falls
S.D
Karl Goodfellow
Guttenberg
Goodfellow
Dubuque
Scott, Lee
Des Moines
Woodbury
Black Hawk
Polk
Pottawattamie
Jackson County
Muscatine County
Marquette
McGregor
Elkader
Strawberry Point
Monona
Monona Township
Garber-Elkport
Volga
Associated Press
Also Mentioned on This Page
SRI Sesh Aa
Aaa
TUN Oana
ORG
OMY el Anocm Ony
PTT Ac A CS
Midland
FDIC
APY
Equal Housing Lend
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