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Monday AM Daily | October 8, 2018
Report: Climate change will cause serious damage by 2040
By Perry Beeman | Managing Editor

The scientific panel seen as a leading authority on climate change predicts clear damage from climate change by 2040, including the near disappearance of coral reefs — unless we make unprecedented changes to slow emissions of heat-trapping gases, the New York Times reported.  
The United Nations’ Intergovernmental Panel on Climate Change released the report today. The projections were part of the Paris agreement, the 2015 pact by nations to fight global warming. President Donald Trump last year announced the United States would withdraw from the accord, over fears that the terms would harm the U.S. economy.

Climate change used to be seen as something that would happen far into the future, and there still are some who want to argue whether it is happening. But the scientific consensus is that it already is happening, and the projections for trouble keep moving earlier. In addition, the U.N. report says the world has 12 years to make the changes necessary to avoid the worst of the projected warming — perhaps by taxing carbon emissions and accelerating the trend away from energy production with fossil fuels.

Often the discussions are focused on the heavily developed coasts, which are expected to flood as seas rise. But there are effects in the Midwest, too, from less-frequent but bigger rains to changes in nighttime temperatures that could have crop-yield ramifications.

Continue reading for an interview with an Iowa climate scientist on the Midwest angle. Read more


Solar should replace demand response policies in energy companies, researcher says
An Iowa clean energy advocate is trying to persuade the state’s largest electric utility to rethink the way it manages peak demand, reports the Midwest Energy News Network. Kerri Johannsen, energy program director for the Iowa Environmental Council, thinks MidAmerican Energy could deliver better value for ratepayers by investing in solar instead of demand-response programs, which pay heavy-use customers to reduce their electricity access during peak times, such as summer afternoons. Johannsen said that demand-response policies should continue to play a role for energy companies, but that adding the solar strategy could reduce the $12 million a year MidAmerican spends on demand-response services. Between 2014 and 2017, the company reduced power to participating customers three times, for a total of six hours, Johannsen said.

Augspurger receives advocacy award from ABI
The Iowa Association of Business and Industry has named Kim Augspurger, president of Saxton Inc. in Des Moines, as the winner of its 2018 Advocacy in Action Award. The award recognizes her work to advance ABI’s public policy agenda. Augspurger is a vocal advocate for small business and female business owners. She regularly invites elected and appointed officials to Saxton to increase dialogue between them and business owners, and frequently serves on panels to educate others about the importance of advocacy, ABI said in a release. She was presented the award Oct. 3 at the Advanced Manufacturing Conference in Altoona.

Grand View receives nearly $1 million for rural clergy mentorship program
Grand View University has received a grant of $996,038 to help establish the Moses Project. The grant is part of Lilly Endowment Inc.’s Thriving in Ministry, an initiative that supports a variety of religious organizations across the nation as they create or strengthen programs that help pastors build relationships with experienced clergy who can serve as mentors and guide them through key leadership challenges in congregational ministry, the university said in a release. The Moses Project at Grand View is designed to provide a professional development program for rural pastors who are in the early stages of their careers. The endowment is making nearly $70 million in grants through the Thriving in Ministry initiative; Grand View University is one of 78 organizations in 29 states taking part.  
A shrinking inventory
Buyers and sellers are afoot in the state banking industry, and all of that potential merger and acquisition carrying on is not likely to slow anytime soon. Greater Des Moines bankers say they are seeing more offers to buy and sell than they can recall from any other time. And though some sentimental souls bemoan the loss of banking names, the results of consolidation have been positive for the industry. Read more

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With soybean prices low, Iowa farmers plan to store more through the winter
Cedar Rapids Gazette: Farmers in Iowa this year are storing the highest amount of soybeans in more than a decade, as ongoing trade disputes with China and an expected record yield keep prices for the commodity lower than the cost of production. The most recent U.S. Department of Agriculture grain stocks report, released Sept. 28, said corn in storage in Iowa fell 6 percent from this time last year, to 475 million bushels. But soybeans in storage in Iowa increased 66 percent, to 87.9 million bushels, the highest September figure since 2007, the report said.

2018 Nobel in economics is awarded to two Americans
New York Times: The 2018 Nobel Memorial Prize in Economic Science was awarded today to the American economists William Nordhaus and Paul Romer for reshaping the understanding of the long-term determinants of economic growth. Nordhaus was cited for his work on the implications of environmental factors, including climate change. Romer was cited for his work on the importance of technological change.

SpaceX rocket launch lights up California skies
MarketWatch: Elon Musk’s SpaceX pulled off the first West Coast launch and landing of its reusable Falcon 9 rocket on Sunday night, lighting up the skies of California. The rocket, carrying an Argentinian satellite, blasted off from Vandenberg Air Force Base, near Santa Barbara, around 7:20 p.m. Sunday, and landed on a concrete pad at the base about 15 minutes later. All previous Falcon 9 launches had been from Cape Canaveral, Fla.
China wants to strike back on trade. Big U.S. deals could suffer.

BY SUZANNE BEHNKE: We’ve been reading and hearing about the Chinese-U.S. tariff back-and-forth for months now. The New York Times offered a new angle to the ongoing spat: Chinese tariffs could affect U.S. deals such as the big one in the Eastern Iowa corridor -- United Technologies acquiring Rockwell Collins. The article states: “United Technologies said it was still on track with regulatory approvals needed for its Rockwell Collins deal. But when asked on a conference call in June whether the trade war could prevent the deal from going through, Akhil Johri, United Technology’s chief financial officer, said: ‘That is something you always have to think about or worry about.’ Last Monday, United Technologies received a green light from regulators in the United States. ‘The process for closing on Rockwell Collins is moving forward with the recent U.S. Department of Justice approval being the latest milestone,’ said Michele Quintaglie, a spokeswoman for United Technologies. China’s approval is the last step.” It’s yet another aspect to the larger issue to keep track of.

Oct. 18-22: Planned Parenthood of the Heartland Book Sale
Host: Planned Parenthood of the Heartland
About: The book sale, run by more than 600 volunteers, is known to be one of the largest book sales in the nation. Shop hundreds of thousands of new and used books, plus CDs, records, games and more. Proceeds from the book sale support Planned Parenthood's education and outreach efforts, which provide medically accurate, age-appropriate health and sexuality education programs.
When: Various times
Where: 4-H Building at the Iowa State Fairgrounds
Learn more

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New Kids on the Block, 4 other '80s acts to play Wells Fargo Arena
New Kids on the Block, the multiplatinum-selling pop supergroup, unveiled an epic lineup for their highly anticipated 2019 tour. NKOTB revealed the MixTape Tour with very special guests Salt-N-Pepa, Tiffany, Debbie Gibson and Naughty by Nature. The five iconic pop and hip-hop acts will hit the road together for the first time ever on a 53-city tour across North America next summer. The tour will stop at Wells Fargo Arena in Des Moines on June 9. Read more
Rain. Thunderstorms possible ... mainly in the afternoon. Much warmer. High near 75. Winds S at 10 to 15 mph. Chance of rain 100 percent.

Thunderstorms likely. Low 64. Winds S at 10 to 15 mph. Chance of rain 80 percent .

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3900 block of East 29th Street
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The Iowa Index is an unweighted average of all 22 Iowa-based public companies. Below is a live look at those 22, plus 15 additional companies with large operations in Iowa.
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