Business & Economy
Schilling Supports Domestic Manufacturing PDF Print E-mail
News Releases - Business & Economy
Written by Andrea Pivarunas   
Monday, 17 September 2012 07:23
Washington, DC – Congressman Bobby Schilling (IL-17) today joined 338 of his colleagues in voting to pass H.R. 5865, the bipartisan American Manufacturing Competitiveness Act introduced by Congressman Dan Lipinski (IL-03).  Lipinski introduced similar legislation in the previous Congress that passed the House, but stalled in the Senate.

“I strongly believe in the American worker, and am focused on advancing policies that encourage private-sector job growth and job opportunities here in the United States,” Schilling said. “If as a country we are able to compete in the global market, I know that American manufacturers and workers will deliver.”

The American Manufacturing Competitiveness Act, which Schilling cosponsored, would set up a public-private board tasked with devising a national strategy to revitalize American manufacturing and create jobs.  Schilling, a member of the bipartisan House Manufacturing Caucus, has cosponsored several additional pieces of legislation to help create jobs and spur our economy, including H.R. 5910, the Global Investment in American Jobs Act, H.R.110, the Manufacturing Reinvestment Account Act, H.R. 942, the American Research and Competitiveness Act, and H.Res.705, which would designate a “Buy American Week.”

Since taking office Schilling has fought to bring home wins for manufacturers around the 17th District, working to lift the cap on public-private partnerships at arsenals to promote job growth, removing wasteful spending from the federal budget, and voting to advance a multi-year transportation plan.  

“Just last month, the manufacturing sector lost 15,000 jobs,” Schilling said. “Today, I’m proud to be supporting this pro-jobs legislation with so many folks from both sides of the aisle to boost American manufacturing.  The Senate should work to immediately advance this bill to promote a national manufacturing strategy and help provide our unemployed friends and neighbors with fresh job opportunities and regular paychecks.”

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To send Congressman Schilling an e-mail, click here

BookWorld Now Open at SouthPark Mall PDF Print E-mail
News Releases - Business & Economy
Written by Aleshia Chiesa   
Thursday, 13 September 2012 07:44
BookWorld is now open near Maurice’s at SouthPark Mall

Who: BookWorld Inc. has opened a more than 4,000 sq. ft. store at SouthPark Mall in Moline, IL. This new to the area bookstore offers a wide variety of books, magazines, greeting cards, gifts and much more in a friendly, welcoming atmosphere.

The staff at BookWorld is from the community and is ready to work with customers to help them find everything they need.

What: Stop by BookWorld today for the hometown customer service and selection that makes BookWorld a community staple.

BookWorld Inc.
SouthPark Mall
4500 16th Street
Moline, IL 61265

Soul Service Presents "Remove Your Blocks So Your Business Rocks" at the Establishment Theatre September 25th PDF Print E-mail
News Releases - Business & Economy
Written by Stephanie Burrough   
Monday, 10 September 2012 14:28

September 25, 2012 @ 7pm

Establishment Theatre
220 19th St, Rock Island, IL

$30.  Bring A Friend: $45 for both.  Bring Two Friends: $60 for all three!

It's time to get your power back and lead from the edge of infinite possibility!
Ever wonder how your business, your relationships, your life should look in order to be more successful? How's your current strategy working for you? Are your conclusions and judgements benefitting you?  During this seminar Rachel Gendreau, PhD, will give you the tools to get you out of the judgements and conclusions that are blocking and bankrupting your business and your life from all the possibilities that exist!  

With an MBA from NIU and a minor in Finance at The American College, Rachel has enjoyed a successful background as a financial planner and mortgage broker, making it to the Million Dollar round table with Northwestern Mutual in 2000-2004. With a PhD in Holistic Studies, she now enjoys sharing her experience as a Results Oriented Success Coach, Facilitator of Consciousness, Mentor, and Speaker.

RESERVATIONS (encouraged, but not required)

Government Proposes Simplified Mortgage Disclosure Forms PDF Print E-mail
News Releases - Business & Economy
Written by Steve Burke   
Monday, 10 September 2012 13:48

By Jason Alderman

No doubt many wannabe first-time homebuyers have been sitting on the sidelines of the volatile housing market, unsure when or how to enter the game. If that describes you, you're probably fortunate to have missed out on the housing bubble and lax lending standards of a few years ago, when millions of people took out mortgages they couldn't afford – or understand.

Homeownership is a long-term commitment filled with expenses (both expected and unexpected) and responsibilities. The upsides – not to mention the tax advantages – are why approximately two-thirds of Americans own instead of renting. But homeownership is not always right for everyone or at every stage of life.

Here's hoping that now, as home prices have plummeted and loan interest rates are at historic lows, you can resist the temptation to get in over your head and first bone up on the many one-time and recurring costs involved in owning your own home.

A good place to start is Know Before You Owe, the financial education initiative launched last year by the Consumer Financial Protection Bureau (CFPB) to ensure that people receive concise, easy-to-understand information regarding mortgages, credit cards and student loans, among other major financial decisions (

After soliciting input from thousands of consumers, lenders, mortgage brokers and consumer advocates, the CFPB recently developed new prototypes for the federal disclosure forms borrowers receive after applying for a mortgage and before closing on the loan.

"When making what is likely the biggest purchase of their life, consumers should be looking at paperwork that clearly lays out the terms of the deal," said CFPB Director Richard Cordray.

The proposed forms combine several different but overlapping documents now required by various federal agencies. But they will simplify the language and format and make it easier to compare different mortgages and more easily understand loan terms, including interest rates, monthly payment amounts, closing costs and how the loan amount might change over time (e.g., with an adjustable-rate loan). They also highlight features borrowers may want to avoid such as prepayment penalties and negative amortization.

In the meantime, if you're considering buying a home, review the proposed forms to get an idea of which costs you should be watching out for. And, even if you're already comparing loans or in escrow, ask your lender to show you where the various costs highlighted in the new forms are located in your current disclosure documents – it might help avoid costly last-minute surprises.

Here are some factors future homebuyers should keep in mind:

  • Start planning now. It could take years to save enough for a down payment and closing costs.
  • Don't forget ongoing expenses like a monthly mortgage payment, mortgage insurance, homeowner's insurance, property taxes, furnishings, maintenance and repairs.
  • People with poor credit ratings usually either don't qualify for loans or pay much higher interest rates. Work on repairing your credit at the same time you launch a savings plan.
  • If your down payment isn't at least 20 percent, you'll probably be required to buy Private Mortgage Insurance (PMI), which protects the lender if you default.

For a comprehensive overview of how different types of mortgages work, check out Also, watch the easy-to-follow video explaining mortgages at Practical Money Skills for Life (, a free personal financial management program run by Visa Inc.

Community Job Fair PDF Print E-mail
News Releases - Business & Economy
Written by Dawn L. Robinson   
Monday, 10 September 2012 13:41

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