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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 15, 2008
Page
17
The Labor Department shows consumer prices rose 0.2 percent in April, below expectations, with energy flat and food up 0.9 percent driven by bread butter milk and coffee. Gasoline prices fell 2 percent after seasonal adjustments, while core inflation rose 0.1 percent.
RealtyTrac reports 243353 homes received foreclosure related filings in April up 65 percent from a year earlier. Nevada Arizona California and Florida among hardest hit with nine of the top ten areas in those states. The study notes rising defaults amid weak sales tighter lending and slowing economy.
The Cedar Rapids Area Chamber of Commerce forms a nationwide search committee to replace Lee Clancey as CEO, with Hart chairing and members from Merrill Lynch, Guaranty Bank, NAI Iowa Realty,Bradley & Riley, Hall Perrine Foundation, Gazette Communications, Shuttleworth Ingersoll, North Forty Ad, and Hall & Hall Engineers. The aim is to have a new president in place before Clancey’s Sept 1 departure.
John Brandt of MPI Group argues Iowa manufacturers must deliver year over year value beyond lower prices. He urges innovation across operations, not just the factory floor, and warns against being a low cost producer. Training, outsourcing, and company wide innovation are key.
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