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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 24, 1983
Page
25
A series of anticipated government releases schedule for the week includes the September Consumer Price Index and September durable goods data due Tuesday, mid October auto sales, third quarter productivity, leading economic indicators for September, and September foreign trade figures expected Friday.
Former Iowa Gov Robert Ray now Life Investors president speaks at noon at the Insurance Recognition Day Luncheon in Stouffer’s Five Seasons Hotel with Insurance Commissioner Bruce Foudree among guests. A reception for prospective members by Insurance Women of Cedar Rapids follows Tuesday 5 to 7 p.m. at the same hotel. George Nicholas NCMA speaks on professionalism at Linn County NCMA meeting Tuesday with social hour at Long Branch. Iris Muchmore to discuss labor law at Linn County Legal Secretaries meeting Thursday at Lizzie’s with dinner at 6:30 p.m.
A partial list shows many issuers with bond and stock offerings. Southwestern Electric Power, Pacific Gas & Electric, San Francisco air issue, and state water and housing programs appear with totals from 60 million to 300 million plus. Multiple underwriters including Salomon Brothers, Shearson American Express, Rothschild, and Dean Witter Reynolds are named.
National money rates in percent show the latest figures for prime, discount, broker call loans, federal funds, dealer paper, finance company paper, large CD terms, and Treasury bills. Treasury 3 month at 8.63 and 6 month at 8.79 with money market fund cited from Telerate Systems Inc.
Dallas siblings Bill and Julie Brice built I Can't Believe It's Yogurt from a single shop near Southern Methodist University into nine stores in Texas with plans for twelve more franchises across Arkansas Louisiana Tennessee and New Mexico. They target 1984 revenue around 5 million and aim to wholesale to groceries next year while stressing family governance and a philosophy of quality and integrity.
FEMA raises flood policy costs and tightens coverage starting Oct 1. New rules bar finished basement coverage while allowing higher deductibles up to 2000 for contents and 5000 for structures. Premium increases average 18 dollars annually, with rates fixed after flood maps are drawn.
Joe Mancuso argues entrepreneurs are highly organized and use calculated risks. A survey of 2,500 center members shows they set realistic goals and avoid bets outside their expertise. Money is rarely named as the sole ingredient. customers and motivation are key. The survey also finds many entrepreneurs are likely oldest children with a drive to work for themselves.
Tokyo AP reports Japan may reduce the excessive number of gasoline service stations to end price wars among dealers. Despite firm domestic demand, fierce competition has driven retail prices to about 2.20 dollars per gallon, down from 2.69 in January.
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