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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Sep 04, 2001
Page
17
New York analysts warn the stock market may not rebound soon as tech selloffs spread to the broader market. The Dow dips below 10,000 while Nasdaq and S P 500 fall sharply, amid corporate layoffs and weak July spending.
The Commonwealth Fund report shows uninsured women growing three times faster than men over five years. If trends hold, women will exceed men in 2005. Jeanne Lambrew of George Washington University notes women have greater health needs and higher chronic illness rates.
A study finds about 20 percent of uninsured women could buy employer based insurance but do not. It also reports 15 percent of uninsured men lack coverage and that older married women 55 to 65 are nearly 40 percent more likely to be uninsured than similarly aged men. The gap stems from wives losing coverage when husbands retire and cannot join Medicare. The Commonwealth Fund, a New York foundation, funds health care research and grants.
The Agriculture Department forecasts fiscal 2002 exports of 57 billion dollars up seven percent from this year and marking the highest level since 1997. Farm exports for 2001 are seen at 53.5 billion with imports rising to 39 billion.
Polaroid plans to sell its driver’s license photo unit to a group of senior managers to raise cash and cut debt. The deal could close by year end with no price disclosed, while Polaroid probes strategic options including a full company sale. Analysts estimate the division could fetch about 30 million.
The National Air and Space Museum will close its cafeteria to install McDonalds Boston Market and Donatos Pizza under a 10 year deal. The 1 000 seat operation could be the busiest daytime McDonalds in the U.S. opening next spring. The museum will spend 3.2 million dollars to prepare the space with about 10 percent public funds. Critics say the move commercializes the Smithsonian’s educational mission.
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