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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Mar 26, 2002
Page
4
The European Union plans tariffs up to 26 percent on 15 steel products, starting April 3, in response to U S tariffs. The move aims to curb influx from large producers like China and South Korea and protect European jobs amid potential 16 million tons of diverted steel.
General Motors will close the Fairfax plant in Kansas City for up to three months in Q2 2003 to retool for the Epsilon. About 2,900 of 3,000 hourly workers may lose their jobs temporarily with unemployment benefits. The plant now builds the Grand Prix and Intrigue, shifting to the new mid sized model in Q3 2003.
Americans bought fewer previously owned homes in February yet sales still reached the second-highest level on record. The National Association of Realtors reported a 2.8 percent dip to a seasonally adjusted annual rate of 5.88 million, with a median price of 151000 dollars, up 8.2 percent from a year earlier.
An 11th Circuit reversal overturns the July 1999 Tampa convictions of Jay Jarrell and Robert Whiteside for false Medicaid cost reports at Fawcett Memorial Hospital. Prosecutors claimed capital outlays were misclassified to boost reimbursements. The court held the government failed to prove the statements were knowingly false.
The Kansas wheat crop remains moisture stressed, with 34 percent rated poor or very poor and 54 percent fair or good per the Kansas Department of Agriculture weekly crop report. This year’s crop quality lags behind last year, when 70 percent was rated fair or good.
The Treasury sold 12 billion in three month bills at 1.820 percent, down from 1.840 percent. Another 12 billion in six month bills sold at 2.110 percent, up from 2.070 percent. The three month rate was the lowest since March 4 when it stood at 1.760 percent.
Franklin Jones and Rhonda Dolan will launch hopperhoppers to buy and deliver groceries and other items for Lawrence residents. The service charges 10 to 20 percent delivery fee and aims for 40 daily deliveries, targeting commuters and busy families in a city with heavy out-of-town work.
Federal investigators broadened a tax evasion probe involving offshore card schemes to include Visa records, with MasterCard and American Express already turning over about 1.7 million records. The effort targets up to two million U.S. cardholders with accounts from foreign banks, signaling offshore secrecy is eroding.
As of Monday close Ottawa Cooperative Assn and others report wheat at 2.63 to 2.66 dollars, corn 1.74 to 1.81, milo 1.74, soybeans 4.29 to 4.34. USDA loan deficiency payments cited for corn six cents and soybeans 94 cents. In St Joseph Missouri cattle and hog receipts and prices noted along with icy roads. Nonferrous metals prices listed: aluminum 62.9 cents, zinc 43.51 to 44.01 cents, gold 298.86, silver 4600.
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