15 Oct 1980
Page 1
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 15, 1980
Page
1
The Kennedy Cougars seek a share of the Valley title as they host Iowa City at Kingston Stadium Thursday night at 7 45 after an upset win that marked a historic moment for the team. The Gazette notes Cedar Rapids reports and local school contract talks referenced in other sections.
Linn County officials report a state wide 4 percent rollback will cut residential values to about 67 to 68 percent of current value. Despite lower taxes per homeowner, the county’s total property value and levy rise will push overall collections higher for 1981 82. Cedar Rapids area sees total property values climb to nearly 1.7 billion dollars.
Hawkeye Bancorporation of Des Moines will acquire United State Bank of Cedar Rapids and keep the Cedar Rapids bank name and management. Board approvals were announced by Hawkeye president Paul Dunlap and United State Bank president Charles Cebuhar. federal approval pending. The three partners own 80 percent of the stock and say the merger will boost competitiveness under new banking regulations.
Center Point police chief Ken Gulick handed in his badge after a tense City Council session that appointed an ad hoc committee to study the police situation. A citizens committee demanded his resignation while Gulick faced allegations of falsified time reports later cleared by the mayor. The county attorney's office is reviewing the matter as Gulick, now the town's lone officer, contends with heavy workloads and lingering distrust.
U S economist Lawrence Klein of the University of Pennsylvania was awarded the 1980 Nobel Memorial Prize in Economics for creating econometric models that analyze how oil prices affect inflation, employment, and trade in multiple countries. The Swedish Academy highlighted his work on forecasting and global economic fluctuations, including the Brookings SSRC and Wharton models.
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