Iowa
Big old house provides a lesson in economics • Iowa Capital Dispatch
There was a big old house located at 502 South St. in Toledo, Iowa.
The dwelling has a living room, dining room, kitchen, den, and bath on the first floor, four bedrooms on the second. The basement is divided, with a gray painted cement floor, into a laundry room and the other half has a work bench and a furnace. To the side of the furnace was, in the late 1940s and early 1950s, a coal bin. Once or twice a year, a dump truck would pull up alongside the house, drop a chute down to the window and allow the coal to fill the bin.
My job, when I reached 10 or so, was to shovel the coal into a hopper, which then fed it down to the furnace where it would burn. Every so often, I would open the furnace door and pull out the “clunkers” (burned up coal) and place them in a bucket for emptying in the alley behind the house. The coal would burn, and the heat would spread up throughout the house.
In the spring, along the south side of the building, flowers would be planted and watered by pouring the water on top of the plant, soaking the ground and saturating the roots.
I have now explained all you need to know about the differences between a conservative Republican economist and a Democratic one. Others may try to confuse you by talking about supply and demand, but economic policy is pretty much determined by where you put the emphasis, cutting taxes for the earners at the top of the scale or to those at the lower end.
For conservatives, the supply side theory holds that cutting government revenue (taxes) frees the money up to be used to create jobs to increase the supply of goods and services, thus causing the economy to grow. The more goods that are supplied to the market, the more the economy will grow and revenues will increase.
Democrats hold that emphasis should be placed on government spending, i.e. public works like roads, bridges and infrastructure that creates jobs, which provides the money necessary to purchase goods and grow the economy. Since consumer spending is the major engine that drives economic growth, it also increases government revenue.
One thing is for sure, whether you are liberal or conservative on government policy as it pertains to the tax code: In 2025, it is very likely changes will take place in tax revenue, if only because former President Donald Trump’s 2017 tax reductions are set by law to expire. If Trump wins, the tax cuts remain in place and will likely be expanded. But Vice President Kamala Harris, is not yet supporting further across-the-broad tax reductions, instead targeting increased tax rates for higher-income people, and at least extensions of the tax credits for lower-income individuals, like the earned income tax credit for children and a $25,000 credit for first-time home buyers.
There is a bit of irony in all of this. In 1935 a British economist, John Maynard Keynes, upset conventional thinking that the way out of recessions and depression was to balance the federal budget. Instead, he argued what is needed in down times is increased spending by the government. This proposition was, except within the Roosevelt administration, almost uniformly rejected. But by the 1970s, President Richard Nixon’s economic adviser Milton Friedman admitted, “we are all Keynesians now.”
Taxes: Where do Trump and Harris stand?
All of which brings us to Arthur Laffer and his advocacy that high tax rates cause a loss of government money. He developed the Laffer curve, meant to illustrate that when tax rates get too high, they become counterproductive. Reducing tax rates will motivate people to work and produce more since they get to keep more of their own money, leading to more revenue; raising tax rates produces the opposite effect.
Now maybe to everyone’s surprise, and whether intended or not, Harris’ economic consultants are saying turn the Laffer curve upside down: Reduce taxes on the lower half of the economic scale and you will have individuals with money to spend.
That is really the choice the two candidates offer. If you are a supply conservative proponent, then you should stand in the shade of the elephant. If you believe in the Democratic reversal of Laffer’s proposal, ride a donkey. Pretty simple really — coal in the furnace or water on the flowers, just like when I was a kid.
This column was originally published in the Waterloo Cedar-Falls Courier.
SERGEANT BLUFF, Iowa (KTIV) – Gelita USA held an open house Friday, July 10, to celebrate the completion of a new wastewater treatment facility at its plant near Sergeant Bluff, marking the end of years of regulatory violations tied to its discharge into the Missouri River.
Gelita manufactures gelatin and collagen, ingredients used in food, medicine, and supplements. That manufacturing process produces large amounts of contaminated wastewater containing proteins, fats, and ammonia, a substance categorized as a toxic pollutant.
According to an Iowa Department of Natural Resources sampling inspection from March 2025, the plant was processing nearly double its design capacity. Before the upgrade, the Iowa State lab documented black water in the Missouri River near the facility’s discharge site. The Iowa DNR found Gelita had exceeded ammonia limits multiple times.
The report said that at the outfall to the Missouri River, Iowa DNR Tom Ross observed that the effluent had a black coloration. Roos requested additional testing at this location.
“Following the inspection, the discharge location on the Missouri River was visited. During the visit, the effluent at the river appeared to be a dark color, much different then the effluent observed at the treatment facility. It was explained during the visit, the color of the discharge to the river was a violation of 567-61.3(2) ‘c’, lowa Administrative Code, which states that all surface waters shall be free from materials attributable to wastewater discharges or agricultural practices producing objectionable color, odor, or other aesthetically objectionable conditions.”
Jeff Tolsma, General Manager of Gelita USA, said the upgrade was the result of an extended dialogue with regulators and upgraded technology.
The new facility includes ultraviolet disinfection, a feature the old plant did not have. The UV light treatment damages the DNA of bacteria, viruses, and other microorganisms before discharge, improving the company’s compliance with Iowa DNR standards.
Company, regulators call it a turning point
“We met with the EPA and the Iowa DNR probably 18 months, two years ago. It’s been a long dialogue with them, but they were great partners, great to work with,” Tolsma said. “And this wastewater treatment plant allows us to basically meet those new regulations that have been put in place. I think what is significant is that this actually brings us forward from a compliance standpoint for a long-term sustainable operation.”
The Iowa DNR said it will continue monitoring the facility to ensure ongoing compliance.
Gelita USA has operated in the Siouxland area for approximately 30 years and employs around 200 people.
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Copyright 2026 KTIV. All rights reserved.
IOWA CITY, Iowa (KCRG) – Andrew McKeever is hard to miss at an Iowa practice. The St. Mary’s transfer and center stands 7 feet, 3 inches tall and averaged 8.2 points and 9.2 rebounds per game last season.
‘Nothing like I’ve seen in practice’
Teammates have taken notice of McKeever’s size. Forward Trey Thompson said the center’s hands alone drew a reaction.
“Yeah, he’s big. That’s for sure. I saw him looking at his phone and it looked like a tiny, little iPod in his hand. I was like, ‘Geez, man,’” Thompson said.
Forward Joey Matteoni said McKeever’s presence in the paint stands apart from what he has seen in recent seasons.
“He controls the paint for sure and nothing like I’ve seen in practice the last couple of years. No offense to Cam (Manyawu), but I mean 7′3” is just different,” Matteoni said.
McKeever on why Iowa made sense
McKeever said the decision to transfer to Iowa was straightforward.
“It was a pretty obvious choice for me,” McKeever said. “Their team was so good last year, making an Elite 8 run. I was maybe a key piece that they needed with a little bit more size, even though their bigs were good, but they just didn’t have the height as some of the other teams did in the Big Ten. So I figured I could help in that way.”
From baseball to basketball
McKeever was not always a basketball player. He stood around 6 feet, 2 inches early in high school before a significant growth spurt changed his trajectory.
“I was like 6′2” during COVID and then I grew to 6′10″ when I was out of COVID. I was playing baseball at the time, and I was like, yeah, I got to go to basketball. I locked in during my sophomore season,” McKeever said.
His high school coach pushed him to make the switch permanent.
“My high school coach who I had been with growing up said, ‘You need to stop playing baseball and just focus on basketball.’ That’s kind of when it flipped the switch for me,” McKeever said.
Adjusting to his own size
Even after committing to basketball, McKeever said adapting to his own frame took time.
“Maybe a little uncoordinated and slow for my size. But I kind of worked on it a lot when I was at St. Mary’s and I got better at it,” McKeever said.
McKeever now joins Iowa’s program under head coach Ben McCollum.
Copyright 2026 KCRG. All rights reserved.
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