The Scott County Board of Supervisors will hear a presentation by the City Assessor, County Assessor and the Scott County Auditor on the Business Property Tax Credit (BPTC) at the next Scott County Board of Supervisors Committee of the Whole Meeting, Tuesday, December 3rd at 8:00 a.m.

Location:  Scott County Administration Center Board Room, 600 W. 4th St., Davenport, IA 52801

Last year the Iowa Legislature passed a property tax bill that included credits for all business, industry and railroads. There was considerable discussion during the last session on passing a bill that would give credit to small business in addition to changing how property would be taxed in the different classifications. One result is that all properties that are considered commercial, industrial or railroad regardless of value are eligible for a credit if they complete an application.

Significant work has been done in the identification of all of the parcels and owners eligible for the program. Letters have been sent to everyone eligible earlier this month. The Assessors will explain the response so far from that mailing and the timeframe that applications must be completed. They also will discuss how these units have been defined and the eligibility for each parcel. Those eligible may indeed lose out on an opportunity to receive a credit if they don't apply by January 15, 2014.

For more information on this press release please contact:

Dee Bruemmer, County Administrator
Scott County Administrative Center
600 West 4th Street
Davenport, IA 52801-1003
563-326-8702

CARBONDALE - Nov. 29, 2013. As ambassador to Illinois Main Street, Lt. Governor Sheila Simon is encouraging Illinois residents to participate in Small Business Saturday on Nov. 30 and shop local for holiday gifts.

"With communities starting to rebuild from the recent tornadoes and severe storms, it is even more important to focus on our local economies," Simon said. "Buying locally keeps money in our communities and helps our economies grow."

Small Business Saturday organizers tout the day as a way to celebrate small businesses in force, create more jobs and stimulate the economy. According to the Small Business Association, Illinois small businesses represent 98.3 percent of all employers, employ almost 48 percent of the private-sector labor force and employ over two million workers.

Last year on Small Business Saturday, Simon shopped at The Bookworm, an independent, locally-owned business in Carbondale, and she plans to pick up some locally-made Clay Lick Creek Pottery at shops in Makanda this holiday season. Shoppers should check out their Illinois Main Street shopping districts for special events, Simon said.

To learn more about Small Business Saturday, find participating small businesses, receive advice on how to prepare for the holiday season, market your small business, and much more, please visit http://www.sba.gov/about-sba/sba_initiatives/small_business_saturday_2013.

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CHICAGO - Governor Pat Quinn issued the below statement regarding today's agreement among the legislative leaders on a comprehensive pension reform solution:

"I commend the legislative leaders - Senate President John Cullerton, House Speaker Mike Madigan, Senate Minority Leader Christine Radogno and House Minority Leader Jim Durkin - for their hard work to reach this critical agreement. I also commend members of the conference committee for their work throughout the summer and fall to get us to this point.

"When I proposed the creation of a conference committee in June, I asked members to draft a plan that eliminated the unfunded pension debt and fully stabilized the systems, and this plan meets that standard.

"We have more work to do. I look forward to working with the leaders and members of the General Assembly over the coming days to get this job done for the people of Illinois."

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Stanley Consultants, Inc., started modestly in 1913 as a one-man operation focused on civil engineering and drainage projects in the eastern Iowa town of Muscatine.

Steadily and with well-calculated growth, it has become a leading provider of engineering, environmental, and construction services nationally and internationally. Now the firm, known to be a pioneer in the engineering industry, has reached another milestone: its 100th anniversary - a rarity in the industry, sparking reflection on its successes and fueling momentum for its bright future.  To mark the milestone, the firm's employees (referred to as members) are performing community service around the world to show their appreciation to the communities and clients that have supported the firm for a century.

In addition to its headquarters in Muscatine, Iowa, Stanley Consultants now has 30 locations including domestic offices in Des Moines, Chicago, Denver, Phoenix, West Palm Beach, Minneapolis, Las Vegas, Salt Lake City, Baton Rouge, and Austin, and international offices in Kuwait, Jamaica, Puerto Rico, India, and the United Arab Emirates.  The firm has successfully completed more than 24,000 engagements in all 50 states, several U.S. territories, and in 103 countries. Engineering News-Record (ENR) magazine ranks it 72 among the nation's top 500 design firms.

President and CEO Gayle Roberts attributes the company's stability, in part, to the longevity of its leaders (just five presidents in 100 years), and the loyalty of its members, many of whom have spent their entire career with the company.  The firm has nine times been named by AARP as one of the "Best Companies for Workers Over 50."

"100 years is a very significant mark.  Few consulting engineering firms have a history as long as ours. More often than not, they fade away or are acquired by other firms," said Richard H. Stanley, chair emeritus of Stanley Consultants. "Our continuity demonstrates that we have been able to manage leadership and ownership transitions while holding firm to fundamental values of excellence in client service and recognition that our people are our most important asset."

Over the years, the firm set its own course within the industry, creating a culture of belonging where there are members, not employees; offering a member stock ownership program decades before it became the norm; standardizing engineering quality and client service methods; and fostering an entrepreneurial spirit resulting in international expansion in the 50s and continued diversification of its capabilities.

The legacy started with the work of entrepreneur Charles Young, who in 1932 was joined by C. Maxwell Stanley. The firm was then renamed Young and Stanley, Inc.   The business grew, and its reach began to stretch geographically. Mr. Young retired in 1938, and in 1939, the company became known as Stanley Engineering Company.

A turning point was the firm's involvement in the U.S. rural electrification program, which began in the 1930s. Gregs G. Thomopulos, Stanley Consultants' Chairman of the Board, said the firm's contributions in this arena led to the development of its power generation design capabilities.

The company entered the international field in 1957, opening an office in Monrovia, Liberia.  "At the time it was unthinkable for a small Iowa engineering firm to operate internationally," said Thomopulos.  "International work provided opportunities for our members to be involved in extremely interesting and challenging engineering opportunities.  And the level of change that it made in the lives of people overseas was monumental."  There has been significant diversification of services since that time, driven by client needs.  The firm now ranks 138 among the top design firms internationally.

With rural electrification, state roads and highways, sanitary systems, and running water in demand, C. Maxwell Stanley pioneered quality service methods for the company's clients. These, combined with unparalleled service practices, were recorded in his book, "The Consulting Engineer," published in 1961. It became the foremost sourcebook for engineers. That same year, the firm became one of the first in the industry to become member-owned. Richard Stanley noted, "From the very early days, we have identified our employees as members and encouraged ownership through the purchase of shares in the company."

In 1966, the company name was changed to Stanley Consultants, Inc., to better reflect the growing number of services provided. Architects, economists, construction managers, and planners were added to provide a multi-disciplinary cadre of experts.

Stanley Consultants expanded to the Southwest in 1983 and to the Southeast in 1985. Today the firm is 1,000 members strong.  With a focus on energy, water, transportation, and the environment, the firm serves public and private clients through offices located across the world.

Projects exemplary of Stanley Consultants' capabilities include the world's largest integrated district cooling plant in Qatar; program management services for Task Force Guardian to restore New Orleans' flood protection system; the world's largest reverse osmosis desalination plant in Algeria; leading transportation design projects, including accelerated bridge construction; and significant power projects in transmission, distribution and generation plants.

In looking back on the company's rich legacy, Thomopulos said, "what makes me proud is that whenever someone learns that I work for Stanley Consultants, what always follows is, 'great company, great reputation, great integrity.'  You can't ask for anything better than that."

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Stanley Consultants provides program management, planning, engineering, environmental and construction services worldwide. Recognized for its commitment to client service and a passion to make a difference, Stanley Consultants brings global knowledge, experience and capabilities to serve clients in the energy, water, transportation and Federal markets.   Since 1913, Stanley Consultants has successfully completed more than 25,000 engagements in all 50 states, U.S. territories, and in 103 countries.  For more information on Stanley Consultants, please visit www.stanleyconsultants.com.

Stanley Consultants is a pioneering firm in the consulting engineering industry. Opening as a one-man operation in 1913, the firm now has offices in multiple locations worldwide including Des Moines, Chicago, Denver, Phoenix, West Palm Beach, Minneapolis, Las Vegas, Salt Lake City, Baton Rouge, Austin, Kuwait, Jamaica, India, Puerto Rico and Qatar.

NORTH LIBERTY, Iowa, Nov. 25, 2013 (GLOBE NEWSWIRE) -- The Board of Directors of Heartland Express, Inc. (Nasdaq:HTLD) announced today the declaration of a regular quarterly cash dividend. The $0.02 per share dividend will be paid on December 20, 2013 to shareholders of record at the close of business on December 10,  2013. A total of approximately $1.8 million will be paid on the Company's 87.7 million shares of common stock. This is the Company's forty-second consecutive quarterly cash dividend. With the payment of this dividend, the  Company will have paid a total of $443.4 million in cash dividends, including three special dividends since the  dividend program was implemented in the third quarter of 2003.

The press release may contain forward-looking statements, which are based on information currently available.  These statements and assumptions involve certain risks and uncertainties. Actual events may differ from these expectations as specified from time to time in filings with the Securities and Exchange Commission. The  company assumes no obligation to update any forward-looking statement to the extent it becomes aware that it will not be achieved for any reason.


CONTACT: For further information contact
Michael J. Gerdin, President and CEO
John P. Cosaert, ExecVP; CFO
Heartland Express, Inc.
319-626-3600

November 25, 2013

Calls Efforts like Harkin Proposal "... An idea that deserves to be on the table."

In a recent column, New York Times op-ed contributor, and Nobel Prize-winning economist Paul Krugman said there is a strong case for expanding, not contracting, Social Security.

 

Earlier this year, Harkin introduced the Strengthening Social Security Act of 2013, a bill that would increase benefits by approximately $65 per month for future beneficiaries, ensure that Cost of Living Adjustments reflect the actual costs faced by seniors, and extend the life of the Trust Fund through 2049 by ensuring that payroll taxes apply fairly to every dollar of wages.

 

Today, half of Americans have less than $10,000 in savings, and only 14 percent are "very confident" they will have enough money to retire, according to the Employee Benefit Research Institute.  Nationally, Social Security lifts more than one-third of retirees from poverty, and the impact in Iowa is even more dramatic:  three in 10 Iowans over the age of 65 rely on Social Security as their only source of income, provides a modest benefit, an average $14,000 per year, to approximately 400,000 seniors across Iowa.

 

Read Krugman's article here.

 

Expanding Social Security

By PAUL KRUGMAN

For many years there has been one overwhelming rule for people who wanted to be considered serious inside the Beltway. It was this: You must declare your willingness to cut Social Security in the name of "entitlement reform." It wasn't really about the numbers, which never supported the notion that Social Security faced an acute crisis. It was instead a sort of declaration of identity, a way to show that you were an establishment guy, willing to impose pain (on other people, as usual) in the name of fiscal responsibility.

But a funny thing has happened in the past year or so. Suddenly, we're hearing open discussion of the idea that Social Security should be expanded, not cut. Talk of Social Security expansion has even reached the Senate, with Tom Harkin introducing legislation that would increase benefits. A few days ago Senator Elizabeth Warren gave a stirring floor speech making the case for expanded benefits.

Where is this coming from? One answer is that the fiscal scolds driving the cut-Social-Security orthodoxy have, deservedly, lost a lot of credibility over the past few years. (Giving the ludicrous Paul Ryan an award for fiscal responsibility? And where's my debt crisis?) Beyond that, America's overall retirement system is in big trouble. There's just one part of that system that's working well: Social Security. And this suggests that we should make that program stronger, not weaker.

Before I get there, however, let me briefly take on two bad arguments for cutting Social Security that you still hear a lot.

One is that we should raise the retirement age ? currently 66, and scheduled to rise to 67 ? because people are living longer. This sounds plausible until you look at exactly who is living longer. The rise in life expectancy, it turns out, is overwhelmingly a story about affluent, well-educated Americans. Those with lower incomes and less education have, at best, seen hardly any rise in life expectancy at age 65; in fact, those with less education have seen their life expectancy decline.

So this common argument amounts, in effect, to the notion that we can't let janitors retire because lawyers are living longer. And lower-income Americans, in case you haven't noticed, are the people who need Social Security most.

The other argument is that seniors are doing just fine. Hey, their poverty rate is only 9 percent.

There are two big problems here. First, there are well-known flaws with the official poverty measure, and these flaws almost surely lead to serious understatement of elderly poverty. In an attempt to provide a more realistic picture, the Census Bureau now regularly releases a supplemental measure that most experts consider superior ? and this measure puts senior poverty at 14.8 percent, close to the rate for younger adults.

Furthermore, the elderly poverty rate is highly likely to rise sharply in the future, as the failure of America's private pension system takes its toll.

When you look at today's older Americans, you are in large part looking at the legacy of an economy that is no more. Many workers used to have defined-benefit retirement plans, plans in which their employers guaranteed a steady income after retirement. And a fair number of seniors (like my father, until he passed away a few months ago) are still collecting benefits from such plans.

Today, however, workers who have any retirement plan at all generally have defined-contribution plans ? basically, 401(k)'s ? in which employers put money into a tax-sheltered account that's supposed to end up big enough to retire on. The trouble is that at this point it's clear that the shift to 401(k)'s was a gigantic failure. Employers took advantage of the switch to surreptitiously cut benefits; investment returns have been far lower than workers were told to expect; and, to be fair, many people haven't managed their money wisely.

As a result, we're looking at a looming retirement crisis, with tens of millions of Americans facing a sharp decline in living standards at the end of their working lives. For many, the only thing protecting them from abject penury will be Social Security. Aren't you glad we didn't privatize the program?

So there's a strong case for expanding, not contracting, Social Security. Yes, this would cost money, and it would require additional taxes ? a suggestion that will horrify the fiscal scolds, who have been insisting that if we raise taxes at all, the proceeds must go to deficit reduction, not to making our lives better. But the fiscal scolds have been wrong about everything, and it's time to start thinking outside their box.

Realistically, Social Security expansion won't happen anytime soon. But it's an idea that deserves to be on the table ? and it's a very good sign that it finally is.

For more information, please contact Senator Harkin's Press Office at (202) 224-3254.

Better Business Bureau News Alert

The Better Business Bureau serving Greater Iowa, Quad Cities and Siouxland Region urges consumers to use caution when doing business with Duck Creek Armory of Davenport, Iowa. This online retailer of firearms has over 25 complaints filed with the BBB concerning the non-delivery of ordered products.

Complainants inform the BBB that they are told by the company that delivery delays are as a result of difficulty obtaining parts.  In many cases, customers have been waiting for their products since last spring and are out anywhere from $800 to $1600 dollars.  This week the BBB was informed that their phone was out of service and a call by the BBB to their number stated that "the number is temporarily unavailable."

On November 13, 2013, the BBB sent a letter to the company asking that they address the underlying cause of the influx and pattern of complaints. To date the BBB has not received a response to the letter nor have any of the complaints filed since October 14, 2013, been answered. Duck Creek Armory has earned an "F" grade due to unanswered complaints that are serious in nature. The BBB has been in communication with the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) regarding this matter as well as the Davenport Iowa Police Department.

The Better Business Bureau Offers the following tips to consumers looking to purchase goods via the internet:

  • Check the reputation of the seller. Visit bbb.org to research the complaint history and other information.
  • Pay by credit card when possible. Paying with cash, check, money order or debit cards offer little protection if the order is not delivered. Attempt to pay with a major credit card so you have the option of disputing the charge should the product not be received.
  • Read and understand all policies and guarantees. Determine how long shipping should take, if restocking fees exist and what the return and exchange policy is.
  • Know your rights. A seller typically has 30 days to ship ordered products, unless otherwise specified at the time of purchase. Keep tabs on your order date as you have a limited time frame to make a credit card dispute.

About the BBB. The BBB is an unbiased non-profit organization that sets and upholds high standards for fair and honest business behavior.  Businesses that earn BBB Accreditation contractually agree and adhere to the organization's high standards of ethical business behavior.  The BBB Serving Greater Iowa, Quad Cities and Siouxland Region was founded in 1940 and is one of 114 BBBs.  Locally, the BBB has over 3,500 Accredited Businesses and provides reports and on companies throughout the state.  Contact the BBB at 1-800-BBB-1600 or info@dm.bbb.org.

Begins Tuesday in West Burlington and Washington

Washington, D.C. - Congressman Dave Loebsack announced today that he will be kicking off a tour of businesses that support Iowa's farmers, rural communities and economy. The Fueling Iowa's Economy tour will make stops across Iowa's Second District to highlight the importance of homegrown renewable fuels and biodiesel, as well as wind energy. Recently, the Environmental Protection Agency (EPA) announced a proposal to lower the renewable fuel volume obligations (RVOs) under the Renewable Fuels Standard (RFS) for 2014, which will have devastating consequences in Iowa. Also, the Production Tax Credit (PTC) for wind is set to expire at the end of the year unless Congressional action is taken.

"Renewable, homegrown energy supports tens of thousands of jobs in Iowa alone. The cuts to the RFS that the EPA has proposed and allowing the PTC to expire will have a devastating impact on our economy. We have to stand together to opposes these reckless cuts. The RFS and PTC are meant to help reduce our dependence on foreign oil and increase use of homegrown energy sources. I will fight to ensure that Iowa farmers are able to continue to move our nation on a sustainable path forward and that good jobs continue to grow in our rural areas," said Congressman Loebsack.

The tour will begin TUESDAY, NOVEMBER 26th with stops in West Burlington and Washington. Additional stops will be announced at a later date. Media are invited to attend.

 

Fueling Iowa's Economy Tour- Tuesday, Nov 26

1:30pm

Big River Resources

15210 103rd Street

West Burlington

 

3:30pm

IRE Biodiesel

1701 E 7th Street

Washington

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Consumers, U.S. Economy Pay the Price as Biofuels Take a Hit

Washington DC -- What a difference a day makes for Big Oil.  The oil industry scored a big victory on Friday, November 15 as the U.S. EPA released a draft rule that - if allowed to stand - rolls back the highly successful Renewable Fuels Standard.  Following the announcement, which calls for our gasoline to include more oil and less biofuel next year, stock values surged for four of the "Big Five" oil companies - representing a $23 billion windfall in just one day.

"Big Oil's big win on the draft rule for the Renewable Fuel Standard led to an instant windfall for oil companies while consumers, American farmers and our troops are left holding the bag," said Brad Woodhouse, President of Americans United for Change.  "Big Oil hit the jackpot, but we are risking a huge slowdown in the development of next generation biofuels that are our best hope for reducing America's dangerous dependence on foreign oil."

The Big Five oil companies reaped a combined $23 billion windfall, and the value of their outstanding shares increased by an average of more than 2% in a single day.  This increase was about 4 times better than the performance of the Dow Jones Industrial Average and the S&P 500 over the same period between the closing bell the day before the announcement (November 14) and the opening bell on the next day of trading after the announcement (November 18).

Meanwhile, an independent index of ethanol and biofuel stocks has fallen by more than 6% following the release of the draft rule.  This is a very bad sign for the future of American leadership in clean, renewable biofuel, but it is a predictable market response to the draft proposal.  If Big Oil gets its way, the steady rise in American biofuel use will be reversed next year, with less biofuel used in 2014 than in 2013.

Even though wholesale prices of ethanol are 60-80 cents cheaper than wholesale gasoline prices, Big Oil continues to falsely claim that the RFS requirement to use more of the inexpensive, clean, American made ethanol raises gasoline prices.  Contrary to their argument, however, the announcement hasn't brought any relief to American consumers at the gas pump - gas prices are actually slightly higher than before the announcement.  The only winners are the oil companies who just reaped $23 billion while putting a choke hold on their only potential competition.   (Gas price data from the AAA Fuel Gauge Report)

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MOLINE, Ill., Nov. 21, 2013 (GLOBE NEWSWIRE) -- QCR Holdings, Inc.
(Nasdaq:QCRH) (the "Company") today announced that its Board of
Directors has approved the conversion of all 25,000 outstanding shares
of the Company's Series E Non-Cumulative Convertible Perpetual
Preferred Stock ("Series E Preferred Stock") into shares of the
Company's common stock. Following this action by the Board of
Directors, the Company's transfer agent, on behalf of the Company,
mailed notices of the conversion to holders of the Series E Preferred
Stock by first class mail. The stock conversion will become effective
on December 23, 2013 (the "Conversion Date").

Each share of the Series E Preferred Stock will be converted into the
number of shares of common stock that results from dividing $1,000 (the
issuance price per share of the Series E Preferred Stock) by $12.15
(the conversion price per share). No fractional shares will be issued
as a result of the conversion of the Series E Preferred Stock. Instead,
holders will be entitled to receive cash in an amount equal to any
fractional shares they are entitled to multiplied by the closing price
of the Company's common stock on December 20, 2013, the trading day
immediately preceding the Conversion Date. As a result, approximately
two million shares of common stock will be issued.

"The conversion of our Series E Preferred Stock is another significant
accomplishment in our previously stated long-term capital plan for the
Company," stated Todd A. Gipple, Executive Vice President, Chief
Operating Officer and Chief Financial Officer. He continued by adding
that "this transaction will increase our tangible common equity by
approximately 100 basis points and will eliminate $1.75 million in
preferred stock dividends, annually. We also continue to be committed
to fully redeeming the remaining $30 million of our Small Business
Lending Fund ("SBLF") preferred stock, and with our recent acquisition
now fully integrated, we are turning our attention toward further
redemptions of the SBLF capital. Executing our capital plan and
avoiding an excessively dilutive common equity raise contributed to the
significant growth in shareholder value that we have experienced in
2012 and 2013."

The conversion is being conducted in reliance upon an exemption from
the registration requirements of the Securities Act of 1933, as
amended. This press release is not an offer to sell or a solicitation
of an offer to purchase any securities of the Company.

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