Inflation slows as consumer prices rise 0.9 percent in April
The Labor Department reports April CPI up 0.9 percent the smallest rise in over a year as energy and food costs ease. Annual inflation implied near 11 percent with gasoline flat after March gains, while weekly earnings fell 1.2 percent inflation-adjusted.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Patrick Jackman
Cedar Rapids Tuition Rise At Kirkwood College
Cedar Rapids residents face higher tuition at Kirkwood College next fall the first increase in four years. The Gazette notes multiple pages with additional local items including urban renewal plan allocations and a Carter administration banking policy update.
MENTIONED IN THIS ARTICLE
Kirkwood College
Cedar Rapids
U.S. District Court
Tax Joke on Tax Collectors and Taxidermists
A concise quip contrasts the tax collector with the taxidermist noting the taxidermist keeps the skin while the tax collector keeps a ledger. The line plays on tax terminology with a humorous twist.
Banks slash prime rate to 14 percent amid easing credit
Citibank lowers its prime lending rate by two points to 14.4 percent, the steepest drop in a year as open market rates fall. Manufacturers Hanover follows to 14 percent and Chemi cal Bank drops to 15 percent, with further cuts anticipated across major lenders after the Fed’s easing move.
MENTIONED IN THIS ARTICLE
New York
Citibank
Hanover
Chemical Bank
Federal Reserve Board
First National Bank of Chicago
Chase Manhattan Bank
Bankers Trust Co
Linn layoffs forecast 5000 by end of May in Iowa
Linn County faces about 5000 layoffs by late May, about 5.2 percent of the workforce. Cedar Rapids firms Vigortone Products Co Norand Corp and Harnischfeger report potential future layoffs. Harnischfeger says 23 production workers were laid off last month with more cuts planned by end of next week. The company employs about 1350 workers.
MENTIONED IN THIS ARTICLE
Linn
Cedar Rapids
Vigortone Products Co
Norand Corp
Harnischfeger
Wayne Howes
Howes
Bush leaves Reagan king of GOP hill
George Bush moves to halt campaign activities citing money issues as Reagan consolidates the GOP lead with California’s June primary. Bush’s next decision on quitting remains expected, while Reagan’s team remains cautious about reading the move as quitting. Iowa supporters react with mixed resolve.
MENTIONED IN THIS ARTICLE
Bush
Reagan
George Bush
Ronald Reagan
Carter
New Jersey
California
Susan Morrison
Joe Holmes
Ing
Iowa
George
Mary Louise Smith
Des Moines
Toll in Mount St Helens eruption climbs to 32
Vancouver Washington A UPI report says the Mount St Helens disaster now lists 32 known deaths with 52 missing. President Carter called the blast the worst he has seen and estimated damage near one billion dollars as helicopters search the devastated area.
MENTIONED IN THIS ARTICLE
Vancouver
Wash
UPI
Mount St. Helens
Hiroshima
Carter
Washington
Spokane
Army National Guard
U.S
Japan
Also Mentioned on This Page
U.S. Supreme Court
Miranda
James J. Kilpatrick
Carl Kane
Cedar Rapids Gazette
Linn County
Board of Social Services
Abby
A.C
Marion
A.C Farm
U.S. A
Gazette
Paul Jensen
Graphic Systems
Rockwell International Corporation
Sacramento
Calif
Bee
Dennis Watkinson
Dick Andresen
Ron Achey
Dale Kueter
Associated Press
Steve Roberts
Detroit
Miles