Word: iowa
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...afford to miss even the smallest opportunity to gin up votes. That's why Dick Gephardt, the Democratic minority leader of the House of Representatives, found himself having coffee one morning last week with nine party activists at Mr. C's Family Restaurant in Knoxville, a speck of an Iowa town that boasts the National Sprint Car Hall of Fame and Museum. With embattled Congressman Leonard Boswell at his elbow, Gephardt implored the faithful to pour on the energy: "Iowa literally has the ability to tell us who will control the House." But a man eating breakfast nearby was thinking...
...their party on a host of issues, from health care to the environment. But they know from experience that none packs a wallop like Social Security. It could be their nuclear weapon in a year when Americans have seen their 401(k)s vaporize. So at each stop in Iowa, a state with plenty of seniors and perhaps the greatest concentration of hot congressional races, Gephardt lambasted Bush's plan to allow people to invest part of their Social Security taxes in the market. "Over my dead body will they be able to do it!" he roared...
...Republican candidates rode to victory in 1994. But many Democrats, particularly in rural districts where so many of the swing races are being fought, are resisting anything that ties them too closely to a national party that veers left of where most of their voters live. Some, like Iowa Democratic challenger Julie Thomas, say they will do better on local concerns, like Medicare reimbursement formulas that short-change her state...
That prospect doesn't do much to raise the spirits of people like Frank Alexander, 71, a full-time aide at the Iowa Workforce Development Center in Des Moines. "Hell, I thought I'd be living in Costa Rica by now," he grumbles. "I'm broke. But as long as I keep working, I can pay for my medicine and taxes on my home." Alexander has worked since he was 16, finishing his main career on the factory floor at Sara Lee, where he was forced into early retirement at 55 by health problems. He's reasonably cheerful but laments...
Karen Petersen, a financial planner in Ames, Iowa, for American Express Financial Advisors, is counseling clients to build a portfolio that provides near-certain income through cash and fixed income that will not fluctuate with the stock market for the first three years of retirement. Beyond that, she helps them invest carefully in stocks so they can earn a long-term return that beats inflation. "I want to rebalance people's portfolios, but I don't want them to leave the stock market entirely," she says. The market may not rebound quickly, but it's sure to do well over...