Iowa

Big old house provides a lesson in economics • Iowa Capital Dispatch

Published

1 year ago

October 18, 2024

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.

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Iowa

Iowa Lottery Pick 3 Midday, Pick 3 Evening results for March 1, 2026

Published

7 hours ago

March 2, 2026

Press Room

The Iowa Lottery offers several draw games for those aiming to win big with rewards ranging from $1,000 to millions. The most an Iowan has ever won from playing the lottery was $343 million in 2018 off the Powerball.

Don’t miss out on the winnings. Here’s a look at Sunday, March 1, 2026, winning numbers for each game:

Winning Pick-3 numbers from March 1 drawing

Midday: 6-9-4

Evening: 4-2-5

Check Pick-3 payouts and previous drawings here.

Winning Pick-4 numbers from March 1 drawing

Midday: 1-7-4-8

Evening: 7-6-9-1

Check Pick-4 payouts and previous drawings here.

Winning Millionaire for Life numbers from March 1 drawing

10-11-12-35-56, Bonus: 04

Check Millionaire for Life payouts and previous drawings here.

Feeling lucky? Explore the latest lottery news & results

When are the Iowa Lottery drawings held?

Powerball: 9:59 p.m. CT on Monday, Wednesday, and Saturday.
Mega Millions: 10:00 p.m. CT on Tuesday and Friday.
Lotto America: 9:15 p.m. CT on Monday, Wednesday, and Saturday.
Lucky for Life: 9:38 p.m. CT daily.
Pick 3 (Day): 12:20 p.m. CT daily.
Pick 3 (Evening): 10:00 p.m. CT daily.
Pick 4 (Day): 12:20 p.m. CT daily.
Pick 4 (Evening): 10:00 p.m. CT daily.
Millionaire for Life: 10:15 p.m. CT daily.

This results page was generated automatically using information from TinBu and a template written and reviewed by an Iowa editor. You can send feedback using this form.

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Iowa

Nebraska Men’s Basketball’s Week Ahead: Crucial Games at UCLA and Home vs. Iowa

Published

20 hours ago

March 1, 2026

Press Room

Nebraska Men’s Basketball’s Week Ahead: Crucial Games at UCLA and Home vs. Iowa

Nebraska men’s basketball faces a critical week that will determine its Big Ten Conference and NCAA Tournament seeding.

The Huskers play at UCLA on Tuesday night and finish the regular season next Sunday at home vs. Iowa.

The Huskers are currently tied for second place in the Big Ten with Michigan State. Both teams have four conference losses. They are one game in the loss column ahead of Illinois and Purdue, with five losses. Wisconsin has six losses.

The top four teams earn the coveted triple bye for the Big Ten Tournament. Regular-season champion Michigan has one spot locked up.

Here are the remaining schedules of the contenders for the triple bye, with conference record in parentheses:

Nebraska (14-4)
* Tuesday: at UCLA
* Sunday: vs. Iowa

Michigan State (13-4)
* Sunday: at Indiana
* Thursday: vs. Rutgers
* Sunday, March 8: at Michigan

Illinois (13-5)
* Tuesday: vs. Oregon
* Sunday, March 8: at Maryland

Purdue (12-5)
* Sunday: at Ohio State
* Wednesday: at Northwestern
* Saturday: vs. Wisconsin

Wisconsin (12-6)
* Wednesday: vs. Maryland
* Saturday: at Purdue

Maintaining an NCAA seed no worse than 3 should benefit the Huskers, who wouldn’t have to play, theoretically, the No. 1 seed until the Elite Eight game.

It’s a ton to play for in the final week of a historic regular season for Nebraska. But that’s what March is all about.

Nebraska at UCLA

When: Tuesday, 10 p.m. CT
Where: Pauley Pavilion, Los Angeles
Records: Nebraska, 25-4, 14-4 in Big Ten; UCLA, 19-10, 11-7 in Big Ten
TV: FS1

Rankings updated based on games through Saturday.

UCLA rankings

* Associated Press Top 25: Not ranked
* NCAA Net Ratings: 40
* USA Today Coaches Poll: Not ranked
* Kenpom.com: 41
* ESPN Power Index: 34
* Top 25 and 1: Not ranked
* Team Rankings.com: 41

In Joe Lunardi’s latest Bracketology projections for ESPN, UCLA is a 9-seed for the 68-team NCAA Tournament. The next Bracketology will be released Tuesday.

Nebraska rankings

* Associated Press Top 25: 12
* NCAA Net Ratings: 12
* USA Today Coaches Poll: 10
* Kenpom.com: 11
* ESPN Power Index: 15
* Top 25 and 1: 8
* Team Rankings.com: 11

In Joe Lunardi’s latest Bracketology projections for ESPN, Nebraska is a 3-seed for the 68-team NCAA Tournament.

Nebraska-UCLA analysis

The Bruins are coming off a strange week. They crushed visiting rival USC, 81-62, on Tuesday, then lost at Minnesota, 78-73, on Saturday.

UCLA is 16-1 at home, its only loss to Indiana, 98-97, in double overtime on Jan. 31.

The game will be a homecoming for Huskers forward Berke Buyuktuncel, who played at UCLA in 2023-24, his freshman season. Buyuktuncel has started 27 games and averages 6.7 points and 5.6 rebounds per game this season for the Huskers and frequently earns praise from coach Fred Hoiberg.

Nebraska thoroughly dispatched USC on Saturday, 82-67, an impressive performance on the road against a Trojans team desperate for a statement win to help — or save — their NCAA hopes.

Pryce Sandfort scored 32 points — one short of his career high — as the Huskers won their 14th conference game, a school record. Nebraska is 7-2 on the road in conference games.

This should be a great matchup — UCLA a strong team playing at home vs. a Nebraska team playing well and full of confidence. This feels like a one-possession game.

Nebraska guard Sam Hoiberg goes to the basket as Iowa forward Cooper Koch defends during the first meeting in Iowa City. | Jeffrey Becker-Imagn Images

Iowa at Nebraska

When: Sunday, March 8, 4 p.m. CT
Where: Pinnacle Bank Arena
Records: Nebraska, 25-4, 14-4 in Big Ten; Iowa, 20-9, 10-8 in Big Ten
TV: Fox

Rankings updated based on games through Saturday.

Iowa rankings

* Associated Press Top 25: 33
* NCAA Net Ratings: 28
* USA Today Coaches Poll: 30
* Kenpom.com: 24
* ESPN Power Index: 35
* Top 25 and 1: Not ranked
* Team Rankings.com: 31

In Joe Lunardi’s latest Bracketology projections for ESPN, Iowa is an 8-seed for the 68-team NCAA Tournament.

Nebraska rankings

* Associated Press Top 25: 12
* NCAA Net Ratings: 12
* USA Today Coaches Poll: 10
* Kenpom.com: 11
* ESPN Power Index: 15
* Top 25 and 1: 8
* Team Rankings.com: 11

In Joe Lunardi’s latest Bracketology projections for ESPN, Nebraska is a 3-seed for the 68-team NCAA Tournament.

Nebraska forward Braden Frager defends a fast-break layup attempt by Iowa guard Bennett Stirtz in the teams’ first meeting on Feb. 17. | Julia Hansen/Iowa City Press-Citizen / USA TODAY NETWORK via Imagn Images

Nebraska-Iowa analysis

The Hawkeyes are coming off a puzzling, 71-69 loss at Penn State on Saturday. Iowa led 67-62 with 3:49 to play, and then scored only one more basket. Iowa plays host to Michigan on Thursday.

Nebraska will get a final curtain call at Pinnacle Bank Arena, where the Huskers are 15-2.

Nebraska should have revenge on its mind after losing at Iowa, 57-52, on Feb. 17, in Sandfort’s return to Iowa City, where he played for two seasons.

Whatever Nebraska nerves were a factor at Iowa shouldn’t be in play at Pinnacle Bank Arena. Nebraska shot only 21 percent from distance in Iowa City. Sandfort scored 13 points, his lowest total since Jan. 10, when he scored 12 at Indiana.

Iowa’s Bennett Stirtz scored 25 points. That won’t happen in this game. Neither will Nebraska’s ice-cold shooting from distance, especially if the game could determine the triple bye for the Huskers.

More From Nebraska On SI

Stay up to date on all things Huskers by bookmarking Nebraska Cornhuskers On SI, subscribing to HuskerMax on YouTube, and visiting HuskerMax.com daily.

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Iowa

Iowa Boys High School State Basketball Tournament Sets Two Classes

Published

1 day ago

March 1, 2026

Press Room

Iowa Boys High School State Basketball Tournament Sets Two Classes

The Class 1A and Class 2A Iowa high school boys basketball state tournament brackets are now official following substate action.

The Iowa High School Athletic Association Boys State Tournament begins Monday, March 9 from the Casey’s Center in Des Moines, Iowa.

St. Edmond, the top-seed in 1A, gets Woodbine in a rematch of a quarterfinal from a year ago. Woodbine ended the run of defending state champion Madrid in a substate final on the same court that St. Edmond qualified on when they defeated Riverside.

Burlington Notre Dame plays Bellevue, MMCRU meets Boyden-Hull and Bishop Garrigan battles Bellevue Marquette Catholic in the other elite eight games.

The other substate finals saw Burlington Notre Dame defeat Calamus-Wheatland, MMCRU eliminated North Union, Bishop Garrigan downed South Winneshiek, Bellevue bested East Marshall and Bellevue Marquette Catholic topped Montezuma.

In 2A, Kuemper Catholic is the No. 1 seed and will face Union Community in the opening game on Wednesday, March 11. The other quarterfinals see Treynor vs. Grundy Center, Unity Christian vs. defending state champion Western Christian and Iowa City Regina vs. Aplington-Parkersburg.

Kuemper Catholic survived vs. Roland-Story, Union knocked off Pella Christian in a nail-biter, Treynor bested Underwood, Grundy Center downed Beckman Catholic, Unity Christian handled Southeast Valley, Western Christian ran past Tri-Center, Iowa City Regina downed Northeast and Aplington-Parkersburg defeated Cascade.

Here are the Iowa High School Athletic Association Boys State Basketball Tournament pairings for Class 1A and Class 2A.

Quarterfinals

Tuesday, March 10

Semifinals

Thursday, March 12

Championship

Friday, March 13

Wednesday, March 11

Semifinals

Thursday, March 12

Championship

Friday, March 13