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DMACC economics prof says failed bailout ‘great day for democracy’

By Douglas Burns 9/30/08

Des Moines Area Community College professor Mark Maggio says desperate Wall Streeters looking for a $700 billion bailout recall the story of the boy who cried wolf.
The bailout package, pounded from the political left and right, failed in Congress Monday.
“I thought yesterday was a great day for American democracy,” says Maggio, who teaches economics at [...]

Banking Superintendent: Iowa banks probably OK

By Douglas Burns 9/17/08

Although he thinks the United States is clearly in a recession, Iowa’s Banking Superintendent, Tom Gronstal, says there’s no need to for Iowans to hit the economic panic button.

In Storm Lake ‘Woebegone’ Things Above Average

By Douglas Burns 1/28/08

The provocative progressive editor of the Storm Lake Times, Art Cullen, has penned a piece that simultaneously blasts the Bush Administration’s stimulus package and calls attention to some remarkable growth in his northwest Iowa community.
Back in Storm Lake Woebegone, things are above average. Last year saw $42 million in new construction, much of it commercial. [...]

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