Dow Jones Tops 12000 Amid Closing Day Rally
The Dow Jones industrial average topped 12000 for the first time this week before finishing at 11992.68 as investors cheered a broad market rally and signs of economic improvement.
19 Oct 2006
Page 1
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 19, 2006
Page
1
The Dow Jones industrial average topped 12000 for the first time this week before finishing at 11992.68 as investors cheered a broad market rally and signs of economic improvement.
The CPI change leads to a January 2007 cost of living adjustment for retirees. The typical retiree will receive an average $33 monthly boost, raising payments from $1,011 to $1,044. The report notes changes from the preceding month in the Consumer Price Index for all urban consumers.
Cedar Rapids leaders warn a funding shortfall could close the 20 year old Science Station by November 15, undermining tourism, conventions, and local business recruitment. Tim Boyle of the CVB says the attraction is a key cultural asset in the city.
In Hollywood postproduction for The Final Season the crew refines sound effects and visuals three months after filming wrapped on the Norway High School baseball story. Actors Michael Angarano Sean Astin Powers Boothe and Tom Arnold filmed in eastern Iowa from May to July and await the 2007 premiere.
Director David Mickey Evans discusses what attracted him to the Iowa based film The Final Season as producers seek a distribution deal. The piece notes the film’s ties to Iowa and its potential for broader release.
Arts editor Rob Merritt will discuss this story on KCRG-TV9 midday, starting at 11 am, as part of the station's daily programming.
A private investor group led by Stephen Gray and Jeffrey Benjamin plans to purchase McLeodUSA ATS, extending cable television Internet and residential phone services to Cedar Rapids and Marion with over 10 000 customers. FCC IUB and city councils must approve the transfer before closing later this year.
Cedar Rapids and Marion face a decision affecting over 10 000 customers with no change to bundle discounts and no rise in cable rates. The plan preserves competition among providers under the Federal Communications Commission Iowa Utilities Board and local city councils.
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