The stock market has seen dramatic downturns in the last few weeks. Clarion financial planner, Jim Tausz says there are a lot of factors involved -- but one stands out. "We are seeing a lot of inflation. Inflation is the biggest thing happening right now. And that is caused by food prices and gas … [Read more...]
‘Un-retiring’ Iowans may be key to worker shortage in hospitality industry
The latest data from Iowa Workforce Development shows 10,300 jobs were added to the payrolls at Iowa restaurants and hotels over the last 12 months. "It's no surprise that we would be showing growth, but I can tell you we would show substantially more growth if there were more people out there to … [Read more...]
John Deere ag equipment sales up 13% in last quarter
Deere & Company saw net sales and revenue rise 11% in the last quarter and the company's executives are predicting even higher sales of tractors and combines in the months ahead. Deere & Company's net income in the last quarter was more than $2 billion, about $300 million more than in the … [Read more...]
Council Bluffs awarded money to clean up old battery plant site
The city of Council Bluffs is receiving money from the E-P-A to clean up a former factory site. The EPA announced that Council Bluffs will get half-a-million dollars out of more than 254 million dollars targeted at what are called brownfield sites. The sites are polluted by hazardous chemicals … [Read more...]
Iowa eateries struggle anew with workers, costs in post-COVID world
Many of the challenges Iowa restaurants faced during the pandemic are behind us, but another perfect storm is brewing that's creating havoc in the food service industry. Jessica Dunker, CEO and president of the Iowa Restaurant Association, says finding reliable workers is just one of the major … [Read more...]
Economist: Iowa’s record gasoline prices aren’t really records, when adjusted
It won't likely make Iowans feel any better about paying more than four bucks a gallon for gasoline, but those record high prices aren't really so high, nor are they records, according to one expert. Herman Quirmbach, a retired economics professor at Iowa State University, says this week's … [Read more...]
Spice provides nice business opportunity for Nevada woman
A small business owner in the central Iowa town of Nevada is marking her tenth year in business and she gives a large part of the credit to a program at nearby Iowa State University. Jennifer Knox runs Saltlickers out of her home kitchen, a company that offers more than two dozen types of cooking … [Read more...]
Summit announces fundraising completed for carbon pipeline
One of the companies proposing to build a carbon pipeline through Iowa has announced it has raised more than a billion dollars for its project. According to a news release from Summit Carbon Solutions, the company has secured 300 million dollars from a private equity firm called TPG Rise Climate … [Read more...]
Workers at Riverdale aluminum plant to vote on strike
Two weeks after contract negotiations began, union workers at Arconic have decided to vote on whether to authorize a strike Local 105 of the United Steelworkers represents 1,800 hourly workers at the Davenport Works in Riverdale. Lee Shaffer, Local 105 spokesman, says negotiations have been slow, … [Read more...]
Group opposed to proposed northern Iowa wind farm
A group in northern Iowa is raising concerns about a proposed wind farm. The Lost Island Wind Project would place 40 to 50 wind turbines in parts of northern and western Palo Alto County. Stephanie Parsons, a member of the "Don't Lose Lost Island" group, says there are wetlands and a wildlife … [Read more...]