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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Sep 09, 2009
Page
11
The Federal Reserve reports U.S. consumers reduced total credit by 21.6 billion in July from June, the largest drop on record since 1943. Non revolving credit fell 15.4 billion and revolving credit declined 6.1 billion as economists foresee lower consumer spending and higher saving.
First Solar Inc reported preliminary government approval to build a 2 gigawatt solar field in Inner Mongolia, covering about 25 square miles. The project, potentially the world’s biggest, would cost $5–6 billion in the U S but may be cheaper with Chinese labor and subsidies.
Begin now to plan gift lists and holiday spending to save cash and avoid premiums. Target keeping total spending to about 1.5 percent of gross income, around $1,000 for many households. Use online rebates, price protections, coupon searches, and consider making gifts to stretch budgets.
Lil' Drug Store Products of Cedar Rapids becomes exclusive distributor of Ricola cough and throat drop sticks for U.S. convenience stores under a new deal. Distribution starts October 1. Ricola, founded in 1930 in Switzerland, is family owned with its U.S. unit in Morris Plains, New Jersey.
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