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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Nov 02, 2011
Page
6
A global selloff hit markets after Greece's prime minister said he would call a national vote on an unpopular rescue plan. The Dow dropped 297.05 points to 11,657.96, the S&P 500 fell 35.02 to 1,218.28, and the Nasdaq slipped 77.45 to 2,606.96.
Archer Daniels Midland reported a 33 percent lift in fiscal first quarter earnings due mainly to an accounting gain. Excluding the gain, adjusted profit fell from a year earlier amid weak margins in oilseeds and high corn costs. ADM runs a large Cedar Rapids corn milling complex producing food ingredients and ethanol.
Auto buyers flocked to pickups and big SUVs in October boosting Detroit makers. Silverado Ram Ford Explorer Escape led gains while Hyundai and Volkswagen posted strong small car numbers. Toyota and Honda faced ongoing shortages from an earthquake.
The Cedar Rapids Area Chamber of Commerce the Downtown District and Priority One voted to merge into the Cedar Rapids Metro Economic Alliance effective January 1. Dee Baird will serve as CEO and Doug Neumann as vice president. The group aims to make the Corridor a top national growth region with about 25 staff and a downtown space plan.
Local shop owner promotes letter writing as a mindful activity to spend time thoughtfully. The piece emphasizes deliberate pacing, personal connection, and the value of slow communication in a fast world.
Niki Neems runs RSVP in Iowa City from 140 N Linn St promoting artisan greeting cards invitations and gifts under 30. She highlights slowing down writing letters as a mindful art and the impact of local spending on the community while recalling RSVP's 1998 opening and shifts in location and focus.
About four million homeowners whose foreclosures in 2009 and 2010 may have been improper can request case reviews. Mortgage servicers including Citibank Bank of America JPMorgan Chase and Wells Fargo will offer reviews and potential reimbursements if financial injury is found. Independent consultants will validate cases and may trigger further reviews with a deadline for requests by April 30.
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