Global markets plunge as bailout spurs fear and doubt
U S stocks slip with the Dow dropping under 10000 for the first time since 2004 as a 700 billion rescue plan triggers a global sell-off. Neel Kashkari to oversee the program while the Fed expands liquidity and pays interest on bank reserves. Bush vows patience but warns it will take time to restore financial confidence.
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Washington
U.S
Bush
Net Chat With Adviser Faribault About Economy
Investment adviser David Faribault hosts a noon Wednesday online chat on GazetteOnline.com to discuss the current state of the economy and investor outlook. The session invites reader questions on markets, inflation, and policy implications.
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David Faribault
GazetteOnline
Gazetteline.com
Gazette
Diane Heldt
Employment Heads Above Water From Emergency Jobs Program
Cedar Rapids resident Betty Nollen cleans offices as flood recovery work continues under the Emergency Public Jobs Program. The program, funded by a National Emergency Disaster Grant and run through Kirkwood Community College, offers temporary disaster recovery jobs in Iowa counties eligible for federal aid.
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Erika
Gazette
Edar Rapids
Betty Nollen
Prairie Creek
Nollen
Cedar Rapids
Cedar River
Kirkwood Community College
Iowa
Jim Slosiarek
the Gazette
Grant Wood Area Education Agency
Legends Sports Bar
Forty one Iowa City properties eligible for buyouts
Iowa City officials said 41 properties qualify for buyouts under FEMA rules. Most are along Normandy Drive and Taft Speedway riverfront, though not all homes in the area qualify. City leaders discussed flood protection options and the potential impact of nonbuyout homes on future mitigation efforts.
MENTIONED IN THIS ARTICLE
Michael Lombardo
Matt Hayek
Iowa City
Normandy Drive
Taft Speedway
Hayek
Regenia Bailey
Cedar Rapids to raze 72 flood damaged homes
City Hall will recommend awarding a demolition contract to D W Zinser Co for 72 flood damaged structures at an estimated 1.64 million dollars. Demolitions could start quickly at about two homes daily, with Bamaco Inc previously the leading bidder at higher cost and having challenged the city in Linn County court.
MENTIONED IN THIS ARTICLE
the Gazette
Cedar Rapids
D.W. Zinser Co
Walford
Judy Lehman
Zinser
Bamaco Inc
Bunnell, Fla
Bamaco
Linn County
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