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8AM Newscast 10-26-2011

News, Podcasts

October 26th, 2011 by admin

w/ Ric Hanson

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Study looks at age, race and education influence in mortgage crisis

News

October 26th, 2011 by Ric Hanson

A study by a University of Iowa researcher found that age, education and race were factors that didn’t follow the norm in determining who would be impacted by the mortgage crisis. Jerry Anthony examined bankruptcies from 2007 where people had become “house broke” or faced a mortgage payment that became too big. Anthony says he was surprised to find that people over the age of 40 were not more financially stable than younger homeowners.

He says the study found people over the age of 60 paid a higher percentage of their income on housing than people under the age of 40. Anthony says you would expect people over the age of 60 to have paid off most of their mortgage, and have lower mortgage costs, but he says that wasn’t the case. Anthony, an associate professor in the school of urban and regional planning, says older people tend to carry more debt, and lenders seemed to target them.

Anthony says “predatory lenders” took off between 2006 and 2007, and “targeted people of that older generation in a pretty systematic manner.” He says the lenders would offer loans against the equity in homes and that gave people a bigger debt load. Anthony says education didn’t help people stay away from problems, as the study found those with less education had lower housing costs.

Anthony says people were perhaps too smart for their own good, as they consolidated all of their unsecured loans into a mortgage secured by their home. He says that can lower the interest rate and give you a tax deduction for the loan interest, but he says on the down side, if you miss mortgage payments, lenders are going to come after your house. Anthony says if you miss a few credit card payments, the credit card companies are not going to come after your house. The study also found the mortgage problems didn’t follow the tradition trends when it came to race.

Anthony says all research from the past has been consistent in finding that Hispanics and African-Americans paid more for their housing when compared to whites. But he says this study found no race differences when it came to the bankruptcies, which he says was surprising. Anthony says there’s plenty of blame to go around for the mortgage crisis, from predatory lenders to naive consumers. Anthony says people should re-think the idea that owning a home is always the best way to go. He says it depends on how long you plan to stay in the home and how much you would have to pay in rent.

(Dar Danielson/Radio Iowa)

Heartbeat Today 10-26-2011

Heartbeat Today, Podcasts

October 26th, 2011 by admin

Jim Field speaks with Lee Williams about an upcoming speaking engagement featuring Jack Medina on November 8th.

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7AM Newscast 10-26-2011

News, Podcasts

October 26th, 2011 by admin

w/ Ric Hanson

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Cass County Extension 10-26-2011

Ag/Outdoor, Podcasts

October 26th, 2011 by admin

w/Kate Olsen

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Shenandoah P.D.reports drug and fight arrests

News

October 26th, 2011 by Ric Hanson

Police in Shenandoah report a Kentucky man was arrested Tuesday night on drug charges, following a traffic stop. Officials say 52-year old Charles Davis faces a Felony charge for Possession of a Controlled Substance, and a misdemeanor Possesion of Drug Paraphernalia charge. The charges were the result of a traffic stop by two Shenandoah Police  officers, who found Davis was allegedly in possession of marijuana and drug paraphernalia. Davis was being held in the Page County Jail on $5,000 bond.

Shenandoah Police report also, two people were arrested recently following a large fight which occured Saturday at the Elks Club on Highway 59, in Shenandoah. Officials say Shenandoah residents, 22-year old Karisma Garcia, and 18-year old David Delafuente were charged with Disorderly Conduct. The pair were cited into court. Shenandoah Police were assisted in handling the event by deputies with the Page and Fremont County Sheriff’s Offices,  Essex Police, and the Iowa State Patrol.

Authorities in Shenandoah are also investigating a car that was reported stolen Sunday from a Shenandoah, and recovered the next day in the City limits.

Tonight’s HS Football Playoff Schedule

Sports

October 26th, 2011 by Jim Field

We will broadcast tonight’s Atlantic @ Boyden-Hull/Rock Valley game live.  We will also have updates from Martensdale-St.Marys @ Exira/EHK, Earlham @ A-H-S-T, CAM @ Moravia, Tri-County @ Adair-Casey, Treynor @ Des Moines Christian.  “Who’s Gonna Win ?” begins at 6:00 pm, with our pre-game coverage at 6:30 pm.  All games tonight kick-off at 7:00 pm.  You can listen on KJAN AM 1220 or on www.kjan.com!

Class 3-A:

  • Atlantic (4-5) @ Boyden-Hull/Rock Valley (9-0)
  • Spencer (4-6) @ Creston (8-1)
  • Harlan (6-3) @ Bishop Heelan Catholic (8-1)
  • MOC-Floyd Valley (5-4) @ Carroll (7-2)

Class 2-A:

  • @ Denison:  Kuemper Catholic (8-1) vs. Sheldon (6-3)

Class 1-A:

  • IKM-Manning (6-3) @ West Lyon (7-2)
  • Tri-Center (6-3) @ Panorama (9-0)
  • Central Decatur (5-4) @ Logan-Magnolia (8-1)
  • Mount Ayr (5-4) @ St. Albert (9-0)
  • @ Johnston:  Treynor (6-3) vs. Des Moines Christian (8-1)

Class A:

  • Corning (2-7) @ Madrid (7-2)
  • Earlham (6-4) @ A-H-S-T (4-5)
  • Martensdale-St. Marys (4-5) @ Exira/EHK (7-1)
  • Bedford (7-2) @ Van Meter (5-4)

8-Man:

  • Lenox (4-5) @ Melcher-Dallas (9-0)
  • Twin Cedars (4-5) @ Murray (8-1)
  • Tri-County (5-5) @ Adair-Casey (7-2)
  • CAM (7-3) @ Moravia (8-1)
  • Stanton (7-2) @ Ar-We-Va (5-4)
  • Woodbine (3-6) @ Fremont-Mills (8-0)
  • Boyer Valley (6-3) @ East Mills (8-1)
  • Sidney (6-3) @ Glidden-Ralston (8-1)

Tuesday 1-A/2-A Regional Volleyball Results

Sports

October 26th, 2011 by Jim Field

CLASS 1-A QUARTERFINAL ROUND

  • (3-1) Earlham 17-25-25-28, Adair-Casey 25-17-12-26
  • (3-2) Corning 25-25-20-15-15, Bedford 21-14-25-25-3
  • (3-1) Coon Rapids-Bayard 25-25-22-25, Guthrie Center 21-16-25-23
  • (3-0) Lamoni 25-25-25, Mount Ayr 19-13-12
  • (3-0) Stanton 25-25-25, Riverside 12-8-15
  • (3-0) Nishnabotna 25-25-25, Fremont-Mills 14-19-18
  • (3-0) Ar-We-Va 25-26-25, Woodbine 13-24-15

CLASS 2A QUARTERFINAL ROUND

  • (3-0) Kuemper Catholic 25-25-25, East Sac 20-20-13
  • (3-0) Clarinda 25-25-25, Shenandoah 23-23-17
  • (3-0) St. Albert 26-25-25, Tri-Center 24-23-21
  • (3-2) Des Moines Christian 22-13-25-25-15, Audubon 25-25-18-14-9
  • (3-0) Missouri Valley 25-25-25, Logan-Magnolia 12-16-15

WEDNESDAY, OCTOBER 26th

Trading Post

October 26th, 2011 by Jim Field

GIVE AWAY: 1980 something fridge with freezer on top. Free to first person that can come carry up the stairs & take away. 712-254-0885

FOR SALE: 1 pair atlans tubeless G70 – 14 snow tires on 5 bolt rims $60; 64×32 oak curved glass curio cabinet wtih glass shelves $125; new in box – Atwood 22 ft. u-Hull boat cover. $150. 712-792-9447

YARD SALE: multi-family yard sale at 507 4th St. in Grant, Sat. October 29th & Sun. October 30th from 9-6. Any questions call 712-763-4582.

FOR RENT: 1 bedroom house, available in 30 days, no smoking, no pets, off street parking $275 per month, $350 deposit. 712-249-6223

FOR SALE: White door storm in good shape with hardware and chain and other hardware.  24343-08.

WANTED:  4 stock chevy aluminum rims 17″….would like to have those fit an old Ford Chevy Pickup half ton.  712-304-0794.

Posted County Prices 10-26-2011

Ag/Outdoor

October 26th, 2011 by admin

Cass County: Corn $6.10, Beans $11.53

Adair County: Corn $6.07, Beans $11.56

Adams County: Corn $6.07, Beans $11.52

Audubon County: Corn $6.09, Beans $11.55

East Pottawattamie County: Corn $6.13, Beans $11.53

Guthrie County: Corn $6.12, Beans $11.57

Montgomery County: Corn $6.12, Beans $11.55

Shelby County: Corn $6.13, Beans $11.53

Oats $2.67 (always the same in all counties)