Business & Economy
$96 Million Approved by Federal Education Department to Stem Loss of Education Jobs in Iowa PDF Print E-mail
News Releases - Business & Economy
Written by Sen. Tom Harkin   
Tuesday, 07 September 2010 10:20

WASHINGTON, D.C. – Senator Tom Harkin (D-IA) released the following statement today after learning that the U.S. Department of Education had approved $96 million in funding for Iowa.  Iowa applied for this funding after the U.S. Senate advanced a measure that provided $10 billion for an education jobs fund to help prevent major teacher layoffs in the coming school year.  This effort was modeled after legislation Senator Harkin introduced on April 14th called the Keep Our Educators Working Act.

Harkin chairs the Appropriations subcommittee that funds education efforts and the Senate Health, Education, Labor and Pensions (HELP) Committee.

“Just a few months ago, headlines in Iowa and around the country told an all-too-familiar story of educator jobs at risk.   Our public schools were facing the prospect of massive layoffs, which would have meant larger class sizes and a great risk to the state of our kids’ education.  

“Today, we have helped to avert a crisis.  With the approval of their application, Iowa will be able to use these funds to stem the loss of teachers, librarians, classroom assistants and others who our kids rely on for a quality education.  I commend the Department of Education for moving quickly to ensure this critical funding is released to states.”


State Treasurer Fitzgerald Uges Women to Register Today for the 4th Annual Iowa Women and Money Conference PDF Print E-mail
News Releases - Business & Economy
Written by readMedia   
Tuesday, 07 September 2010 10:19

DES MOINES, IA (09/03/2010)(readMedia)-- Des Moines, Iowa – State Treasurer Michael L. Fitzgerald is urging women not to miss out on a valuable experience. He's talking about the 4th Annual Iowa Women and Money Conference, scheduled for October 9, 2010 at the Polk County Convention Complex. This one-day event is expected to draw a large group of women who are interested in improving their financial success and security. The conference, including lunch, is free to attendees.

This year's keynote speaker is nationally known financial commentator Jane Bryant Quinn. Her accomplished career in finances has led her to appear on shows like Good Morning America and CBS Morning News, and her presentation at the conference is sure to motivate and inspire any woman looking for financial guidance.

The Iowa Women and Money Conference is specifically designed to address the unique financial situations women face in their work and personal lives. "Our goal in hosting this special event is to empower women by providing information that addresses the unique challenges they face while putting their financial house in order," stated Fitzgerald.

Conference sessions will focus on money management for women of all economic backgrounds, ages, and levels of financial knowledge. An impressive line-up of speakers and financial experts will discuss topics like buying a home, retirement, updating employment skills, avoiding identity theft and more. Space is limited, so visit and register today.

Financial Peace University courses in Bettendorf PDF Print E-mail
News Releases - Business & Economy
Written by Rob Entsminger   
Tuesday, 07 September 2010 08:23

Chick-fil-A at Davenport and Heritage Church to Sponsor Financial Peace University

WHAT: The Chick-fil-A® restaurant at Davenport, Iowa, will partner with Heritage Church to sponsor a 13-week financial training course called Financial Peace University. The course is taught on video by author and nationally syndicated talk-radio host Dave Ramsey.

Course participants will meet each week to watch a video lesson and participate in discussion groups led by Deanna Glenn, unit marketing director for Chick-fil-A at Davenport. The video course is geared to teach individuals how to beat debt, build wealth, find bargains, invest for the future and give generously. The 13 sessions include the following topics:

· Lesson 1: Super Saving

· Lesson 2: Relating With Money

· Lesson 3: Cash Flow Planning

· Lesson 4: Dumping Debt

· Lesson 5: Credit Sharks in Suits

· Lesson 6: Buyer Beware

· Lesson 7: Clause and Effect

· Lesson 8: That’s Not Good Enough!

· Lesson 9: Of Mice and Mutual Funds

· Lesson 10: From Fruition To Tuition

· Lesson 11: Working In Your Strengths

· Lesson 12: Real Estate and Mortgages

· Lesson 13: The Great Misunderstanding

Those interested in participating are invited to attend an informational meeting at Heritage Church: Bettendorf campus in Bettendorf, Iowa, on Sept. 20 at 6:30 p.m. The cost of Financial Peace University is $99.51 for an individual and/or couple, and covers the course and all necessary materials.

Registration fees are due by Sept. 27 and can be turned in to Chick-fil-A at Davenport or Heritage Church: Bettendorf campus. Checks can be made out to Chick-fil-A at Davenport. The course will be held at Heritage Church on Mondays beginning Oct. 11 at 6:30 p.m. Refreshments will be provided by Chick-fil-A for each session.

For more details about Financial Peace University and other courses offered by Dave Ramsey, please visit

WHEN: Informational meeting:

Monday, Sept. 20, 2010

6:30 p.m.

Registration fees due by:

Monday, Sept. 27, 2010

10:30 p.m.

Course begins:

Monday, Oct. 11, 2010

6:30 p.m.

WHERE: Chick-fil-A at Davenport

2945 E 53rd St

Davenport, IA 52807

(563) 355-1742


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Heritage Church: Bettendorf campus

2700 Middle Rd, Bettendorf, IA 52722





Braley Announces Nearly $6.8 Million for Quad Cities PDF Print E-mail
News Releases - Business & Economy
Written by Caitlin Legacki   
Tuesday, 07 September 2010 08:17

Transloading facility will make QC more marketable to clean energy investments

Washington, DC – Congressman Bruce Braley (D-Iowa) announced today nearly $6.8 million for a new transloading facility in Davenport.  The award was granted to the City of Davenport and the Greater Davenport Redevelopment Corporation by the Economic Development Administration.

“As we continue to rebuild our economy, these infrastructure projects are key to creating jobs and stimulating private investment,” Braley said. “This transloading facility will allow the Quad Cities to provide enhanced utilities and reliable rail access, allowing Eastern Iowa to attract new clean energy investments that bring high-skill, high-wage jobs to the our communities.”

This EDA investment funds construction of a new transload facility, including all road, rail, water and sewer infrastructure, at the 114-acre, Interstate 80 airport industrial park.

# # #

Holding the SEC accountable PDF Print E-mail
News Releases - Business & Economy
Written by Grassley Press   
Tuesday, 31 August 2010 08:17

COMMENTARY ALERT – You might be interested in a Washington Post blog this afternoon about the Securities and Exchange Commission, or the SEC.  My concern is that the SEC seems to be pursuing the classic, flawed tactic of most bureaucracies, “ignore the message and kill the messenger” when concerns about mismanagement are raised.  Instead, SEC higher-ups need to listen to different points of view from SEC employees in order to avoid the kinds of mistakes the SEC has made in recent years.  The promise of protection for SEC whistleblowers looks like it is being undercut by the reality of retaliation.  You can read the letter I sent to the SEC chairman by clicking here. – Chuck Grassley

Grassley calls SEC response on alleged retaliation 'extremely disturbing'

A senior Senate Republican is calling into question the Securities and Exchange Commission's response to allegations that top officials in the Fort Worth office retaliated against employees who raised concerns about an agency examination program.

Sen. Charles Grassley (Iowa), the ranking Republican on the Senate Finance Committee, has asked for a briefing from top SEC officials about the treatment of two employees in the Fort Worth office. The senator wanted to know why that although the inspector general recommended the SEC take disciplinary action against the Fort Worth officials none had been taken.

In a letter to SEC Chairman Mary Schapiro, Grassley wrote: "These facts and circumstances are extremely disturbing and paint a picture of a culture at the SEC, which endorses retaliation against employees who attempt to improve operations by reporting mismanagement to headquarter."

The letter follows a pair of reports by the SEC inspector general and an article in The Washington Post about the problems at the Fort Worth office.

The Post article cites an SEC inspector general's report that concluded that two SEC employees, Julie Preuitt and Joel Sauer, faced "inappropriate" sanctions from their bosses in Fort Worth when they raised concerns about a new review process for financial firms.

Preuitt, who had warned presciently about a potential scam at R. Allen Stanford's Houston-based business, told superiors she was concerned that the office was more interested in boosting statistics about the number of firms the office examines rather than actually uncovering fraud.

According to inspector general reports and interviews, Preuitt was also essentially demoted after vocalizing her complaints.

Later, the program she opposed was suspended in favor of programs to verify assets claimed by investment companies in the wake of the large number of Ponzi schemes disclosed in the past two years.

Grassley tied to the agency's actions in Fort Worth to its broader desire to attract whistleblowers, who can provide regulators with inside information on wrongdoing.

"You have previously assured me that in leading the Securities and Exchange Commission (SEC/Commission), you intend to value whistleblowers and ensure that they are able to make protected disclosures in order to help managers improve operations at the Commission," Grassley said. "However, it appears that this commitment to valuing dissent within the Commission is not being fully implemented."

Grassley asked the SEC to explain why it had not disciplined the Fort Worth managers. The SEC responded:

[P]rior to imposing discipline, the senior-level Ft. Worth managers had solicited advice . . . from other Commission officials responsible for disciplinary actions. It has not been alleged, nor is there any reason to believe, any of the advising parties had reason to retaliate against the two employees. Because the actions were deemed appropriate and senior-level Ft. Worth managers relied on the guidance that was provided, management determined their actions were not retaliatory.

Grassley was not pleased with this response.

"The implication ... is that a retaliatory personnel action can be laundered of its retaliatory intent by simply consulting with others who had no retaliatory intent and obtaining their concurrence," he wrote. "Such a policy would make a mockery of whistleblower protections throughout government."

By Zachary Goldfarb  |  August 30, 2010; 2:59 PM ET

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