May 22, 2012

Harkin a “no” on giving Fed chair another go

Senator Tom Harkin talks with Governor Chet Culver during a recent hearing in Washington, D.C.

Senator Tom Harkin talks with Governor Chet Culver during a recent hearing in Washington, D.C.

Senator Tom Harkin says he’s “tired of being held hostage by Wall Street” and he plans to vote against giving the chairman of the Federal Reserve another term.  

Ben Bernanke’s first term as Federal Reserve chairman expires this weekend and Harkin, a Democrat, is among a growing group of senators who’re expressing concerns about the way Bernanke’s handled economic policy.

“I just think Mr. Bernanke is going to continue the policy of The Fed of taking care of the big financial institutions and to heck with Main Street,” Harkin says. 

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Class 4A: Doug McDermott, Ames

The senior forward averaged nearly 27 points and six rebounds in three wins. McDermott scored 25 points, including 11 of 15 from the field and added five rebounds in a victory over Des Moines East. He also scored 26 points in a win over Fort Dodge and for the week shot 72 percent from the field.

Class 3A: Kyle Rosacker, Forest City

The sophomore guard averaged 23 points in three games. Rosacker scored 29 points, including 10 of 18 from the field and added a couple of steals in a win over Lake Mills. He was also four of nine from three point range and in the three games drained 12 shots from behind the arc.

Class 2A: Jordan Hay, North Cedar (Stanwood)

The sophomore forward averaged 20 points, seven rebounds and more than three steals in four victories. Hay scored 29 points, pulled down six rebounds and had three steals in a vioctory over Mid-Prairie. He finished 11 of 13 from the foul line. He also had 24 points and nine rebounds in a victory over Durant-Bennett.

Class 1A: Heath Huntley, Sidney

The senior forward averaged nearly 23 points a seven rebounds in three games. Huntley poured in 32 points, added five rebounds and four assists in a victory over Farragut. He had a double-double in a win over Stanton with 19 points and 11 rebounds.

Push to help Iowa veterans take Veterans Day off

An Iraq war veteran is pushing a bill that would help working veterans take Veterans Day as a vacation day, a holiday, or an unpaid day off. 

The bill would allow honorably discharged veterans to ask for time off from work on Veterans Day.  Businesses or government agencies that refuse to allow veterans to take the day off could be fined $500.  Representative Ray Zirkelbach, a Democrat from Monticello, spent nearly two years in Iraq with an Iowa National Guard unit.

“Besides children and senior citizens, I think the next group that should be protected in Iowa is veterans,” Zirkelbach says. 

Zirkelbach, a recipient of the Purple Heart after he was wounded in Iraq, calls Veterans Day “sacred” and he says veterans need that day to honor themselves and those with whom they served.

“How many businesses give Veterans Day off?” Zirkelbach asks. 

Nicole Molt of the Iowa Association of Business and Industry says she’s not sure how many Iowa businesses let veterans on their payroll take Veterans Day off, but she says about 158,000 veterans currently work in the private sector here in Iowa.

“In manufacturing, the production needs to continue on all days and all times, so that is something — with the penalties — that is concerning,” Molt says.  “because if you’re making a product, you have to make sure you can make the product 24/7, 365 days a year.” 

Representative Ralph Watts, a Republican from Adel, says he respects the service of veterans, but he says this proposal creates a new, select group of employees in the private sector.

“I am concerned about a bill that is one more bill that adds a burden on Iowa employers,” Watts says. 

Watts suggests retired veterans are “the best ones” to be out, telling others their stories of service and sacrifice.  But Zirkelbach says with more and more World War II veterans dying of old age every day, younger veterans need to tell their stories to school groups and at public events on Veterans Day.

“It’s more than that.  It’s about honoring the veteran and how do you honor the veteran by saying, ‘Well, it’s your day, but be here at work,’” Zirkelbach says.  “It is a day that was set forth to honor veterans.  Shouldn’t veterans be honored on that day?” 

Representative Elesha Gayman, a Democrat from Davenport, says it’s important for veterans to tell their stories.

“I teach as an adjunct professor at Scott Community College and do government classes and I realized this year for the first time my incoming class does not have a recollection of September 11, my freshmen didn’t.  They were too young to understand what was going on,” Gayman says,  “…I think it really underscores the importance of the veterans getting out there and working with the kids in the classrooms and different programs and really keeping those stories alive so that future generations don’t forget.” 

Lisa Purvis, a spokeswoman for the Iowa Department of Veterans Affairs, says veterans are able to “bring relevance” to the concepts of service and sacrifice.

“So, giving today’s workforce the opportunity to take some time off to share with their classrooms and other people in their communities how important being a veteran is and how important defending our freedom is,” Purvis says, “and we feel that this bill would be an excellent way to do that.” 

 The bill has cleared a subcommittee and will next be considered by the House Veterans Affairs Committee.

Grassley undecided on another term for fed reserve chairman

America’s emerging from what analysts say is its worst financial situation since the Great Depression and Federal Reserve Chairman Ben Bernanke is getting some of the blame. The U.S. Senate is expected to vote as soon as tomorrow on whether to give Bernanke another four-year term and Iowa Senator Chuck Grassley says he’s still undecided.

“It depends on what he’s going to do on inflation and he hasn’t been very clear about what he’s going to do on inflation and he ought to be very clear,” Grassley says. “That’s the impending economic problem that we face.” Grassley, a Republican, says billions of federal tax dollars were spent in recent months in an effort to offset the economy’s downward spiral through a variety of bail-outs and stimulus packages.

“So much money was shoveled out the airplane door, the printing presses were turned on, and until that’s starting to be sopped up or mopped up, we’re going to be in a stage of hyper-inflation, worse than what we had in ’79 and ’80,” Grassley says. “He hasn’t spoken out on that issue yet.”

Bernanke was appointed by President George W. Bush and succeeded Alan Greenspan as Fed chairman on February 1st of 2006. He was nominated for a second term by President Obama last year. Bernanke’s first four-year term as chairman ends on Sunday.