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Mark Twain once quipped, “Everyone complains about the weather, but no one ever does anything about it.”
Well, these days everyone probably would complain about inflation if it ever reappeared in a major way, but the Fed promises it won’t do anything about it until employment is on track toward whatever “normal” was before the pandemic.
As Wall Street analysts expected, the Fed didn’t change rates or make any other policy changes coming out of this week’s Federal Open Market Committee (FOMC) meeting that ended this afternoon. Rates stayed near zero, where they’ve been for over a year, and the Fed remains committed to its $120 billion a month bond-buying program designed to keep borrowing costs low and refuel the economy coming out of the pandemic.
This winter, Iowa City community members have put their heads together to figure out ways to give back during a year when non-profit organizations and those they support need assistance more than ever before. 2020 was very exhausting for people, so we thought this might be something to put a smile on people s faces, Ryan O Leary, an Iowa City native and member of the Iowa City Noon Optimist Club, a local service organization, told the Press-Citizen this week. The drive that O Leary and others organized is named The Giving Tree, in honor of Shel Silverstein s 1964 book.
Since Nov. 27, the drive has raised more than $30,000 $20,000 of which came from Randy s Flooring and was dedicated to Houses into Homes, an Iowa City-based non-profit that helps lift people out of homelessness.