Word: sac
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...Crimson suggested a balanced view of the controversy that surrounded the staff's resignation, they also presented a misleading history of the Review and its relationship with the institute. The institute's associate director, Charles Truehart, said that the Review has "always been a creature of the SAC"--the institute's Student Advisory Committee. This remark is wrong--plainly, simply wrong. At best, it constitutes an uninformed assumption; at worst, cynical bullying...
...economically ravaged Southern towns after the Civil War to raise money to build textile mills. Residents do not feel the money is being extorted. To them, donations are an investment in their future, in an economy less dependent on farming. Too small to qualify for federal development grants, Sac City and thousands of other towns in rural America must raid residents' pockets for the money to lure companies that can provide jobs...
...Things are different out here," says Dennis Holcomb of Shive-Hattery Engineers in Des Moines, whose search helped find Fibercraft for Sac City. Says Holcomb: "Iowa is full of small towns that can't come up with tax exemptions or low-interest loans the way bigger cities can in the East. So they turn to their friends and neighbors. It's truly a heartening thing...
...raise even more money, Equity Automotive will issue stock, at $1 a share, to those who contribute to the fund-raising campaign. In return, Fibercraft has promised to name a Sac City official to its board, giving the community some voice in what the plant does after it moves in. Says Anne Lubeck, who runs the Corner Store at 16th and Main: "It will be such a psychological lift. We haven't had a lot to celebrate around here for a long time...
Even as Fibercraft moves in, Sac City continues to lose other businesses. Within the past three weeks an engine-repair facility and a veterinary-supply firm closed their doors. But another manufacturer has talked about taking over the vacated quarters of a seed processor. Said City Administrator Gary Mahannah: "We're fighting a holding action until the farm economy turns around. The trick is to survive until that day comes." So far, the score is about even between Sac City and the mortgage payments that were due yesterday...