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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Sep 29, 2008
Page
1
Rich Patterson of Indian Creek Nature Center Cedar Rapids says this fall has seen a record number of acorns. Mark Vitosh from the Iowa Department of Natural Resources remains uncertain if all oak species reach a record level.
Marion Patterson and Vitosh report a bumper acorn crop from white and burr oaks this fall, with red oaks harder to find. They cite ample moisture and lack of a late spring frost as factors, while predicting wildlife and people can process acorns for eating.
Washington reports detail a $700 billion bailout plan likely to restore liquidity for banks and financial institutions. The Treasury Department would initiate steps to stabilize markets and enable lending, with Wall Street seen as a major beneficiary and broader financial sector also poised to gain.
The plan aims to buy troubled mortgage securities to unclog banks balance sheets and restore market confidence. It would limit executive pay and ban golden parachutes, while benefiting investors and borrowers across cars, student loans, and cards if approved. A weekend failure could scuttle markets worldwide.
Congress and the White House outline a $700 billion bailout to buy troubled assets, with an initial $250 billion disbursed to stabilize the markets. The plan imposes executive pay restrictions, offers taxpayers ownership stakes, and requires a five year review for potential recoupment strategies.
Pat Beer and more than 350 parishioners filled St. Wenceslaus in Cedar Rapids for the first Mass since 9 feet of floodwater breached the church in June. Parishioners gathered as the basement remained unfinished and facilities limited, but the return felt like coming home to many who have long attended the church.
Cedar Rapids resident Joe Zito in Wellington Heights objects to Liquor and Tobacco Point moving into 1545 First Ave SE across from Hy-Vee. He cites livability concerns and cites studies linking alcohol outlets to higher violence, noting nearby liquor and tobacco shops already sell alcohol. City incentives in 2001 added context to the dispute.
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