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Lawrence Journal World in Lawrence, Kansas

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This newspaper page contains 10 articles. Subscribers can read the full text of each article.

Newspaper

Lawrence Journal World

Location

Lawrence, Kansas, United States of America

Date

Mar 01, 2002

Page

13

Greenspan says Social Security cuts politically unthinkable

Federal Reserve Chairman Alan Greenspan told a retirement conference that no viable political scenario exists to cut Social Security benefits if the trust funds are exhausted. He noted current law requires benefits to be financed from current receipts once the trust fund is depleted, but he doubts full payments could ever be halted.

Federal Reserve Alan Greenspan Congress Greenspan Social Security Commission

Gregg Tire opens first expansion outside Lawrence and Topeka

Gregg Tire Co opens a new store in Kansas City Kansas at 7908 State Avenue as a Goodyear Gemini Auto Care Center. Rob Gregg says the shop marks the companys first expansion beyond Lawrence and Topeka. Existing Lawrence centers are 4661 W Sixth St and 1226 E 23rd St, with two Topeka shops.

Gregg Tire Co Kansas City Kan Lawrence Topeka State Avenue Goodyear/Gemini Rob Gregg State Tire and Automotive Services Gregg Tire Sixth St E. 23Rd St

Economy grows as consumer spending fuels fourth quarter

The U S economy expanded in the fourth quarter at 1.4 percent annualized, led by a sharp rise in consumer purchases of cars and big-ticket items. Analysts say the recession that began in March may be over and the downturn could be the mildest on record.

U.S United States

IRS audit rate rises as filings approach deadline

The IRS reports its audit rate stopped falling with about one in 173 returns audited in the 2001 group. More than half of audited returns in 2001 involved lower income filers claiming the earned income tax credit. A separate study notes up to 10 billion in 1999 EITC claims might be improper. About 38.9 million returns were received through last Friday as April 15 nears, with most audits by mail and 202,500 requiring agent contact.

Internal Revenue Service IRS

The 99 cent burger wars keep rolling across chains

The prices stay at or below one dollar as Wendy's McDonald's and Burger King keep permanent 99 cent menus. Taco Bell sparked the trend, but the big three now battle to balance low price with profits. Hospitality expert Christopher Muller notes they are not losing money at 99 cents but earnings are below ideal.

America McDonald’s Burger King Wendy’s Super Value Taco Bell Wendy’s Brandweek Christopher C. Muller University of Central Florida Rosen School of Hospitality Management

Betty Crocker Catalog Adds Trendy Kitchen Gear

Betty Crocker unveils modern cookware and brands like Oxo and KitchenAid in the catalog to revive dwindling participation in the Betty Crocker Catalog Points program. The loyalty system dates to 1931 and now links to more than 200 General Mills products with rewards from 5.25 to 229.95 plus points, targeting women 24 to 49 but appealing to 45 plus.

Golden Valley Minn Betty Crocker Oneida Oxo KitchenAid General Mills Corp General Mills Lincoln Davis Betty Davis Ron Kivetz Columbia Business School

Betty Crocker Catalog Points program history summary

The Betty Crocker Catalog Points program began in 1931 with a Wm. Rogers & Son silver-plated teaspoon in Gold Medal flour and Wheaties boxes. By 1932 it expanded to a full flatware set, with over 12 million orders placed since. Oneida Silversmiths took over flatware production in 1936, and the program has become a major seller of Oneida Community flatware and Fieste dinnerware, with more than 150 million Oneida spoons sold.

Wheaties General Mills Betty Crocker Rogers & Son Oneida Silversmiths Oneida

Furnishings designer grows interior business in Lawrence

J-W Staff Reports profile of Furnishings at 1601 W 23rd St Suite 107 in Lawrence. Owner Barb Heck runs a five employee operation offering furniture home accessories lamps pictures mirrors florals and interior design and reupholstery. Heck has over 25 years in Lawrence and aims to expand product lines and service area in five years. Stitch On, opened in 1976, remains on Mass Street and signals Hecks broader entrepreneurial reach.

W. 23Rd St Barb Heck Heck Lawrence Area Nishings Furnishings Stitch Lawrence Mass

Grain price quotes from area elevators on Thursday

Ottawa Cooperative Assn Ottawa Elevator Wheat 2.60 corn 1.80 milo 1.78 soybeans 4.08 Edgerton Elevator Wheat 2.63 corn 1.82 milo 1.78 soybeans 4.08 Overbrook Elevator Wheat 2.63 corn 1.80 milo 1.78 soybeans 4.08 Midland Elevator Wheat NA corn 1.82 milo NA soybeans 4.10 Lawrence North Elevator Wheat NA corn 1.85 milo NA soybeans 4.13 Lawrence South Elevator Wheat 2.63 corn

Ottawa Cooperative Assn Ottawa Milo Edgerton Overbrook Midland Lawrence North Lawrence South

Market and commodity quotes and livestock prices report

A digest of commodity prices including corn at 1.83 and 1.85, soybeans at 4.13, milo at 1.82, and wheat at 4.10 in Pauline elevators. Nonferrous metals show copper at 75.0 cents, aluminum 62.4 cents, lead 29-31 cents, zinc 40.52-41.02 cents, with gold and silver quoted. St Joseph livestock reports Thursday hog receipts about 150, with barrows and gilts selling steady and cattle terms noted as scarce.

Nonferrous Metals New York London U.S N.Y Handy & Harman St. Joseph St. Joseph, Mo

Also Mentioned on This Page

KCK Bettycrocker.com J-W Chad Lawhorn Clawhorn Jworld.com Pauline Elevator USDA
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