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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Sep 27, 2003
Page
1
Iowa household incomes fell at the start of the year, according to Ross Wilburn. He notes 45 percent more households relied on the Johnson County Food Bank in Iowa City, where he oversees the crisis center housing the food bank.
The economy grew 3.3 percent last quarter aided by tax cuts and low interest rates. Auto and home sales hit record levels while the Census Bureau puts Iowa median household income at 41 338 for 2001 02 down 2 1 percent from 2000 01 and national median income at 42409.
The Census Bureau report draws national interest as it highlights income figures ahead of the presidential election. The page notes income data and related benchmarks shaping economic context.
Iowa lawmakers on IPERS investment board acknowledge a $1.2 billion long term shortfall. An actuarial study urges a rise in total contributions from 9.45 percent to 13.25 percent to fully fund the system serving about 325 000 current and former state workers. Rep. Jeff Elgin says the key is how fast and how much to raise, noting no change in 24 years.
Cedar Rapids area sees a surge of new coffeehouses led by the Java Room in Marion. Dunn Bros. enters via franchise and Nordstrom Oil launches Java Creek, signaling heavy competition but no expected wave of failures as independents join in.
In Cedar Rapids Terry Harris says his 74 month old German shorthaired pointer Petey will earn the American Kennel Club master hunter title this weekend after passing five of six tests. The AKC does not track ages for elite titles. He completes his final exam today in Ogden central Town.
Mongolia and other coalition members press for rewards after backing the U.S. led Iraq occupation. Mongolia seeks a free trade deal, Turkey eyeing troops and loans, and Poland Romania Serbia Latvia pursue contracts to rebuild Iraq.
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