Word: iowa
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Dates: during 2000-2009
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...appeared in imminent danger of failure. But he saw far more dire potential consequences than in the case of Bear. "Their securities move like water among all of the financial institutions," he says of Fannie and Freddie. If holders ranging from central banks in Asia to community banks in Iowa had lost confidence, the ensuing sell-off might have been catastrophic...
Farm aid, the annual concert dedicated to raising funds for the American family farmer, has been held in such agricultural strongholds as Manor, Texas, and Ames, Iowa. But the most recent venue, the distinctly nonrural borough of Manhattan, is not as incongruous as it seems. With its estimated 600 small-scale farms (which are often large-scale vegetable gardens), New York City is part of an urban agricultural boom in the U.S., where rising food and fuel prices are making city farming seem less and less outlandish. In July volunteers began transforming the front lawns of San Francisco's city...
...some battleground states for which new registrations by party are available, there is a comparable shift underway. Iowa, the most important swing state in the upper Midwest, has seen Democratic registration grow by about 68,000 since 2004 while Republican registration has dropped by nearly 27,000. (Bush won the state by about 10,000 votes in 2004.) In New Hampshire, which Kerry won in 2004 by about 9,000 votes, Democratic registration is up by 35,000 while new Republican voters number less than 2000. In Nevada, which Bush won by 21,000, Democrats have enrolled...
Nearby, in rural Iowa City, cleanup recently began at Ted Thorn's house along the Iowa River, which took in over nine feet of water. "It was awful to see 20 to 30 years of stuff lying in your driveway," Thorn says, but adds, "that's over with. So we get to start over again." Thorn, who did have flood insurance, praises the disaster relief effort so far. "The folks that I've dealt with, although there's been no resolution, have been terrific," he says...
...Thorn lives part-time in two places - his daughter's house in Galesburg, Illinois, where he and his wife relocated on June 7, and "out of a suitcase" in Iowa City. "I'm going to be able to write a hell of a book about cheap motels in the Iowa City-Coralville area," jokes Thorn, who works at the University of Iowa. Repair costs at the flood-damaged campus itself are estimated at $232 million...