Business & Economy
Horse racing in other states "surviving" because of racinos. PDF Print E-mail
News Releases - Business & Economy
Written by Illinois Revenue and Jobs Alliance   
Monday, 29 October 2012 13:19
The state’s Commission on Government Forecasting & Accountability (COGFA) recently issued an update on the Illinois gaming industry. The COGFA report states that revenue generated by slot machines at race tracks would make horse racing more competitive with neighboring states, and would help sustain the industry in Illinois.

From page 64 of the report:

"...having this other source of revenue would give Illinois horse tracks a
secondary source of income needed to offer competitive purses, which should help
sustain horse racing in Illinois. Without this additional source of revenue, the horse
racing industry will likely see its dramatic declines continue. And without the
ability to compete with other states, many fear that the pressure on some Illinois
horse tracks to close for good may become insurmountable."

For the full report: Click here

 
Quad Cities IAAP Celebrates 60 Years!!! PDF Print E-mail
News Releases - Business & Economy
Written by Kat Riley   
Monday, 29 October 2012 12:55
The Quad City Chapter of International Association of
Administrative Professionals® celebrated their 60th anniversary
during the chapter meeting on October 8, 2012. The chapter was
chartered under the name of Rock River Chapter on October 25,
1952. The name was changed recently to better identify where
we are located and to encourage office professionals from both
sides of the river to become members.

The celebration included a ribbon cutting ceremony by the Quad
Cities Chamber of Commerce. The chapter recently joined the
chamber to become part of a larger network of companies and
organizations through the Quad Cities.

The Association has been in existence since 1942 and is now
known as the International Association of Administrative
Professionals (IAAP) to further reflect the various job titles used by
administrative support staff in today’s workplace.

Our website www.iaap-quadcity.org provides up to date
information on events happening at the Quad City Chapter.

Quad City Chapter sponsors a student chapter at Black Hawk
College. We encourage the students to attend chapter meetings
and take advantage of the speakers and programs presented on
topics of interest to administrative professionals.

IAAP is celebrating its 70th anniversary through December 31, 2012
and has reduced membership dues to $70.00 for all levels of
membership.

IAAP continues to provide education and training and set
standards of excellence recognized by the business community on
a global perspective. Our present and future vision is "to inspire
and equip all administrative professionals to attain excellence.”

 
SEASONAL EMPLOYMENT AVAILABLE Through the Davenport The Salvation Army PDF Print E-mail
News Releases - Business & Economy
Written by Holly Nomura   
Tuesday, 23 October 2012 14:39
Quad Cities, IA: Red Kettle Campaign bell ringers are still needed this season in Scott County to help raise money for The Salvation Army’s life changing programs. The hours can be as few as 8 hours per week, and as many as 40 hours per week. The bell ringing campaign will begin Friday, November 9, 2012.

The applications will be taken at The Salvation Army’s Community Center in Davenport: 3400 W. Central Park Avenue Monday through Friday 9am-3pm.  Please bring your social security card and current photo id in order to be hired.

Volunteers are also sought: If you are interested in becoming a volunteer bell ringer, please go to www.ringbells.org for easy sign-up.

Eighty-two cents of every dollar donated to The Salvation Army are used to sustain year-round programs that foster hope, and help change lives.

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Iowa Governor to Sign Proclamation Declaring October 18 Credit Union Day PDF Print E-mail
News Releases - Business & Economy
Written by Emily Caropreso   
Thursday, 18 October 2012 07:50

Des Moines—Credit union representatives from across the state will gather at the Iowa State Capitol at 1:30 p.m. on Thursday, October 18 as Iowa Governor Terry Branstad signs a proclamation declaring the day as Credit Union Day in Iowa.

“While this is part of an international initiative, it’s important that we recognize at the state level the importance credit unions have in their communities,” said Patrick S. Jury, CEO/President of the Iowa Credit Union League. “We appreciate Governor Branstad signing this proclamation and recognizing the work credit unions do to help their members.”

The Credit Union Day proclamation recognizes the Iowa credit union community for its continuing advancement of the financial well-being of credit union members and the contributions made to their respective communities.

International Credit Union Day is celebrated the third Thursday of October each year. This year’s theme “Members Matter Most” speaks to the heart of the credit union philosophy of “people helping people.”

Credit unions are not-for-profit financial cooperatives that provide an effective and viable alternative to for-profit financial institutions for more than 196 million members in 100 countries worldwide. They exist to serve their members, providing a safe place to save money and access affordable loans.

As part of Credit Union Day, many Iowa credit unions will be holding celebrations in their branches. To find out more about International Credit Union Day, visit www.woccu.org/events/icuday.

The Iowa Credit Union League is the trade association that represents the interests of Iowa credit unions and their nearly one million members. Credit unions are not-for-profit, financial cooperatives owned and operated by their members. Iowans use their credit union membership to receive higher interest rates on savings and lower interest rates on loans. For more information on ICUL and Iowa credit unions, visit IowaCreditUnions.com. Follow ICUL on Twitter at www.twitter.com/icul or on Facebook at www.facebook.com/iowalittleguy.

 

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A123 bankruptcy filing PDF Print E-mail
News Releases - Business & Economy
Written by Grassley Press   
Tuesday, 16 October 2012 13:49
Tuesday, Oct. 16, 2012

Electric car battery manufacturer A123 Systems Inc., awarded nearly $250 million in government stimulus grants, filed for Chapter 11 bankruptcy protection this morning.   U.S. Senators Chuck Grassley (R-Iowa) and John Thune (R-S.D.) have expressed concern about the grants and pressed the U.S. Department of Energy for answers about potential taxpayer losses and national security risks about the possible sale of the company to a Chinese investor.  A123 holds several Department of Defense contracts.  Now, the company plans to sell its automotive business operations to U.S.-based Johnson Controls while pursuing other deals regarding its remaining assets and business units.

Grassley and Thune made the following comments about the A123 bankruptcy.

Grassley comment:

“The bankruptcy raises the prospect that the taxpayers will get little or no return on their investment in A123 and will lose millions of dollars.  A123 has been struggling for some time.  Was the company struggling when the Energy Department decided to award it a federal grant?   Did the Energy Department perform enough due diligence before making this award?   Were there any contingencies for this possibility?  The Administration needs to answer for this.  The taxpayers shouldn’t have to subsidize poor investments in failed energy companies.  If there is something positive to be taken from this, it’s that A123 has decided to sell a major part of its business to Johnson Controls, a U.S. company, rather than Chinese-owned Wanxiang.  That transaction raised concerns about national security because A123 has several Defense Department contracts.  Sen. Thune and I expressed concern about the potential sale to a Chinese company, most recently last week.  But the sale to an American company is small comfort, given the hundreds of millions of dollars wasted on this firm.”

Thune comment:

“A123 is yet another example of President Obama gambling with taxpayer dollars and picking winners and losers in the green energy world.  There were clear warning signs that A123 was having financial problems even as the administration continued pouring millions of taxpayer dollars into this failing company.  As the stimulus-funded A123 reorganizes under Chapter 11 bankruptcy, we will continue to press the Obama administration for answers regarding the millions of taxpayer dollars given to A123, and we will continue our oversight to ensure more taxpayer dollars aren’t wasted going forward.”

The text of the latest Grassley-Thune letter is available here.  The text of their August letter to the Department of Energy is available here.

 

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