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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Nov 15, 2001
Page
15
Cedar Rapids based McLeod USA Inc reports a third quarter net loss of 2.3 billion dollars or 3.62 a share, with revenues up to 450.5 million. The company plans 1600 job cuts and 2.9 billion in restructuring charges while warning 2002 earnings may miss estimates.
Dallas Paustian 55 of Anamosa was seriously injured when he touched 7200 volts while working an overhead line in Jones County. He was airlifted to University Hospitals Iowa City after lowering his bucket and calling for help. The incident near Martelle affected no service. The cause is under investigation by Maquoketa Valley Electric Cooperative.
University leaders told the Iowa Board of Regents that continued state funding reductions will raise class sizes and erode strategic goals. Mary Sue Coleman of the UI warned that a 44 million dollar two year cut jeopardizes progress, with four year graduation rates and access at risk as tuition rises 18.5 percent is anticipated.
Cedar Rapids and Iowa City libraries weed aging periodicals to free shelf space. They discard many titles while preserving valuable Life issues and shifting to digital access for about 2700 magazines. Some backups remain in back rooms and regional colleges hold older copies for reference.
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