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U.S. Economy - Iowa's Place in the Financial Crisis (Full Program) (Episode 204)

posted on October 31, 2008 at 12:17 PM

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The Iowa Journal examines how the troubles on Wall Street are affecting Main Street. The program also profiles an Iowa community that, faced with its own economic crisis, has rebounded to become a center for entertainment and alternative energy. The program also features a visit to Newton, where for more than a century the Maytag company played an integral roll. At its peak Maytag employed 4,000 workers in a community of some 16,000. The town faced its own economic crises when Maytag closed its doors in October of 2007. The Iowa Journal explores how the community is rebuilding its work force and sense of identity. Newton has added nearly 1,400 new jobs, many of which are related to the wind industry. And the new Iowa Speedway is drawing tourism to the community. Kay Henderson of Radio Iowa talks about the arrest and court appearance of the former CEO of Agriprocessors Inc. meat processing plant the day following the state's proposed $10 million in fines against the Postville plant. Henderson also spoke with program host, Paul Yeager, about the demolition of the first houses in Cedar Rapids following the flood and news that flood relief financial aid will be less than expected and Obama's October 31st visit to Iowa and the impact of early voting on the election. (27:46)

Tags: economy finance Iowa Iowa Maytag Newton