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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 28, 2006
Page
22
The Commerce Department reports growth at a sluggish pace fueling concern over a soft landing. Investors retreat after October gains as the Dow falls 73.40 to 12,090.26 and the Nasdaq drops 28.48 to 2,350.62.
United Airlines boosted round trip fares by six dollars on many routes where it faces discount rivals. American Airlines quickly matched the increase, said spokesman Tim Wagner. The raise took effect Thursday night on most United routes against low cost carriers, excluding some cases where Southwest competes directly.
A Harris Interactive survey for CCH Inc finds U S workplace absenteeism at 2.5 percent in 2006, up from 2.3 percent and the highest since 1999. Universal Trailer Holdings merges Featherlite Inc with Featherlite shareholders to get $6.50 per share.
The gross domestic product measures the value of all goods and services produced within the United States. It reflects the overall economic activity and quarterly changes indicate growth or contraction.
Commerce data show July to September growth at 1.6 percent annual rate the weakest since early 2003. Housing downturn hit hardest with home building spending down 17.4 percent, dragging 1.12 percentage points from quarterly growth. Consumers and businesses helped offset the impact with stronger spending and investment.
Gary Spevacek reports a trouble free harvest with occasional equipment issues. His son Brian fixed a loose hub and cracked rim on a grain wagon after a near disaster, while rain and winds influence daily progress. Beagle dog mishap adds farm humor as Brian handles calf calls and fuel logistics sustain 90 to 100 gallon tractor fills.
The Jump$tart Coalition finds high school seniors average money literacy at 52.4 percent. Start early with five tips: avoid paying for grades, use an allowance with annual reviews, offer incentive matching to encourage saving, discuss real costs with kids, and know how they spend their money to guide future behavior.
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