Litigation is America's fastest growing business because plaintiffs have everything to gain and nothing but a few hours' time to lose, says Hillel Presser, author of "Financial Self-Defense (Revised Edition)," www.assetprotectionattorneys.com.

"Even if a case seems utterly ridiculous -- like the man who struck and killed a teenager with his luxury car and then sued the boy's family for damage to his bumper -- defendants are encouraged to settle. It's sometimes the only way to avoid potentially astronomical legal fees," he says.

If you haven't already taken steps to protect your assets, that's one New Year's resolution you'll be glad you made and followed up on, Presser says. And while it helps to have the assistance of a lawyer who specializes in asset protection, there are many things you can do yourself.

"You shouldn't have any non-exempt assets in your name," Presser says. "The goal is to 'own' nothing but control everything."

Presser suggests these resolutions for safeguarding your wealth in the event of a lawsuit:

• Inventory your wealth. Figure out how much assets you really have (most people have more than they think). Take stock of valuable domain names, telephone numbers, intellectual property, potential inheritances, and other liquid and non-liquid assets. That way you can then work on actions to cost effectively keep them safe.

• Set your goal. Setting your 2013 asset protection goal is your first step to becoming protected in the New Year! For instance, you could plan to execute an estate plan or set up a trust for your children in 2013. Decide what assets you want to protect in the New Year and a realistic timeline for implementation. Then -- and most importantly -- stick to your plan. Asset protection works only if you follow through.

• Protect your home. Find out how much of your home is protected by your state's homestead laws and then encumber the remaining equity. Encumbering a home's equity can be accomplished by recording a mortgage against it, re-financing a current mortgage or even taking out a lien of credit using your home as collateral! Another great strategy to protect your home is to transfer its title to a protective entity such as a limited liability company (LLC), trust, limited partnership, etc.

• Get everything out of your name. The worst thing you can do as far as exposure is titling all of your assets to your personal name. That doesn't mean you have to lose control of them - the goal of asset protection is to "own nothing, but control everything." In 2013, work on moving your assets out of your personal name and into the name of protective entities such as limited liability companies (LLC's), trusts, limited partnerships, etc.

• Buy adequate insurance. Protect your loved ones. Make sure you have adequate insurance coverage in the event a job loss, natural disaster, or even a tragic loss of life. Those include -- but are not limited to -- your car, home, and other valuables.

About Hillel L. Presser, Esq., MBA

Hillel L. Presser's law firm, The Presser Law Firm, P.A., represents individuals and businesses in establishing comprehensive asset protection plans. He is a graduate of Syracuse University's School of Management and Nova Southeastern University's law school, and serves on Nova's President's Advisory Council. He also serves on the boards of several non-profit organizations for his professional athlete clients. He is a former adjunct faculty member for law at Lynn University. Complimentary copies of his best-selling book, "Financial Self-Defense (Revised Edition)" are available through assetprotectionattorneys.com.

Holds First Annual Inclusion Summit to Emphasize Importance of a Diverse, Equal Opportunity Workplace

CHICAGO - January 15, 2013. Governor Pat Quinn today was joined by business leaders from across Illinois for a Diversity and Inclusion Summit. Held on Dr. Martin Luther King Jr.'s birthday, the summit underscored the importance of equal economic opportunity and diversity in hiring. Since taking office in 2009, Governor Quinn has made promoting diversity in hiring and equal economic opportunity in Illinois a priority. The governor has assembled a diverse cabinet and senior staff, to ensure that Illinois' government reflects the rich diversity of its residents.

"Regardless of race, gender or orientation, everyone should have an opportunity to get a job in Illinois," Governor Quinn said. "Our state is proud to have a highly-skilled workforce comprised of citizens from all walks of life who bring a wide range of strengths to the table. Employers who have a diverse workforce are more competitive and more successful."

Held at the University of Chicago's renowned Booth School of Business, the summit featured a series of panelist presentations from minority business leaders representing a variety of sectors, including Pat Harris, global chief diversity officer at McDonalds Corp, and Nim Chinniah, executive vice president for administration and chief financial officer at the University of Chicago. A question and answer session and networking reception took place following the presentations, allowing attendees to engage with panelists and make key business connections.

A workforce encompassing a variety of backgrounds benefits businesses by incorporating unique skill sets. It is from these different skills, experiences and ways of thinking that innovation is fostered and problem solving can increase.

Businesses aim to practice inclusion and diversity in hiring because employees of various backgrounds can connect with a wider range of clientele, which expands a business' base and helps tap into new markets. Integrating cultures can also strengthen a company's culture by allowing employees to learn from each other and adapt positive traits a co-worker's culture might embody.

Governor Quinn has worked closely with the Illinois Department of Transportation to implement initiatives designed to increase diversity and employment opportunities in state projects for Illinois firms owned by women, minorities or socially and economically disadvantaged individuals. In 2011, the governor signed legislation ensuring a fair state contract bidding process for minority- and women-owned businesses in Illinois.

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Movie Will Bring 1,000 Jobs and More than $30 million in Local Spending; Marks First Feature Film for Chicago's Newest Soundstage Cinespace

CHICAGO - January 14, 2013. Governor Pat Quinn today announced that Lionsgate/Summit Entertainment's Divergent, the filmed adaptation of the novel by Chicagoan Veronica Roth, will begin filming in Illinois this April. The movie production is expected to bring 1,000 jobs and more than $30 million in spending to Illinois. It is the first major Hollywood film for Cinespace Chicago Film Studios, the soundstage Governor Pat Quinn worked to attract to Illinois.

"Illinois is an ideal place for filmmakers with our skilled workforce, iconic shooting locations and one of the largest soundstages in the country," Governor Quinn said. "The film industry is creating good jobs for Illinois electricians, welders, construction workers, actors, make-up artists, security guards and more while also fueling growth in our economy."

Directed by Neil Burger and starring Shailene Woodley, Divergent is a thrilling adventure set in a future world where people are divided into distinct factions based on their personalities. Tris Prior (Woodley) is warned she is Divergent and will never fit into any one group. When she discovers a conspiracy to destroy all Divergents, she must find out what makes being Divergent so dangerous before it's too late. Red Wagon Entertainment's Douglas Wick and Lucy Fisher are producing. The film will be released theatrically in North America on Friday, March 21, 2014.

Cinespace, which opened in May 2011, was constructed with $5 million from Governor Quinn's Illinois Jobs Now! capital construction program and tens of millions of dollars in private investment from Toronto-based studio owner Nick Mirkopoulos. The studio is currently home to TV series Chicago Fire, and hosted TV series Boss and Underemployed in 2012. When fully built out at 1.5 million feet, Cinespace is expected to rank as the largest soundstage outside of Hollywood in the U.S.

"Governor Quinn shared our vision of building a world- class soundstage to support the growth of the film industry in Illinois and help create thousands of jobs for Illinois workers," said Cinespace owner Nick Mirkopoulos. "Cinespace is committed to providing Lionsgate the best facilities and service available, and we are excited that this high-profile film is being made here in Chicago."

"When Lionsgate/Summit Entertainment was considering where to make their movie, we worked hard to showcase all the attractive features of filmmaking in Illinois," said Betsy Steinberg, deputy director of the Illinois Film Office. "We are gratified that they have recognized the great reasons to bring this project to Illinois."

The Illinois Film Office (IFO) actively pursues film projects by promoting Illinois as an ideal location to film. Illinois offers a 30 percent tax credit to filmmakers for money spent on Illinois goods and services, including wages paid to Illinois residents. Illinois' film tax credit has been instrumental in spurring growth of Illinois' film industry. Since its inception in 2004, the Film Tax Credit has helped generate more than $1 billion in revenue for the state and created more than 10,000 jobs.

 

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Washington, D.C. - Congressman Dave Loebsack today announced that he will tour Fabricators Plus on Thursday, January 10th.  Small businesses are the backbone of our economy and Loebsack will see firsthand the products and goods that are made and sold in Iowa.  Details of his visit are below.  Media are invited to attend.

 

Small Business Tour

Fabricators Plus

3206 Hershey Avenue

Muscatine

1:00pm

 

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Current conditions, activity forecast hit highest level to date

Des Plaines, Illinois, January 9, 2013?The National Association of the Remodeling Industry's (NARI) fourth-quarter Remodeling Business Pulse data of current and future remodeling business conditions has experienced significant growth across all indicators, with forecasting in the next three months hitting its all-time highest level.

The significantly positive results have a lot to do with homeowner security, remodelers say.

"Remodelers are indicating major growth in the future, with many saying that clients are feeling more stable in their financial future and their employment situations; therefore, they are spending more freely on remodeling needs," says Tom O'Grady, CR, CKBR, chairman of NARI's Strategic Planning & Research Committee and president of O'Grady Builders, based in Drexel Hill, Pa.

Growth indicators in the last quarter of 2012 are as follows:

  • Current business conditions up 2.1% since last quarter
  • Number of inquiries up 3.9% since last quarter
  • Requests for bids up 3.7% since last quarter
  • Conversion of bids to jobs up 3.5% since last quarter
  • Value of jobs sold is up 4.3% since last quarter

Throughout 2012, the Remodeling Business Pulse produced less statistically significant increases and decreases; however, the fourth-quarter data shows movement in highly important business areas such as conversion rates and value of jobs.

Although they provide positive marks, NARI members are realistic about the reasoning, saying many consumers are spending on remodeling out of necessity.

As one NARI member put it: "Homeowners are still concerned about spending money but will do so because they cannot postpone any longer. They are spending more conservatively than they did prior to the crash."

Still, according to the data, expectations for 2013 are even brighter. Two-thirds of remodelers forecasted the next three months positively, and the rating jumped 13.1% from last quarter.

Drivers of this positive outlook continue to be postponement of projects (81% reporting) and the improvement of home prices (51% reporting).

Of the small segment predicting declines, 91% cited uncertainty of the future with commentary focused largely on tax increases and leadership issues in Washington.

"Now that the election is over, consumer confidence is starting to grow and so has remodelers' confidence," O'Grady says. "NARI members are looking forward to having a well-deserved, productive year ahead."

To review the research in its entirety, please send your request to marketing@nari.org.

NARI is the source for homeowners seeking to hire a professional remodeling contractor. Members are full-time, dedicated remodelers who follow a strict code of ethics with high standards of honesty, integrity and responsibility.

Visit the NARI.org site to get tips on how to hire a remodeling professional and to search for NARI members in your area.

Click here to see an online version of this press release.

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About NARI: The National Association of the Remodeling Industry (NARI) is the only trade association dedicated solely to the remodeling industry.  The Association, which represents 7,000 member companies nationwide?comprised of 63,000 remodeling contractors? is "The Voice of the Remodeling Industry."® To learn more about membership, visit www.NARI.org or contact national headquarters, based in Des Plaines, Ill., at (847) 298-9200.

IA/IL QUAD-CITIES - "Leaders are fascinated by future. You are a leader if and only if, you are restless for change, impatient for progress and deeply dissatisfied with status quo. Because in your head, you can see a better future. The friction between 'what is' and 'what could be' burns you, stirs you up, propels you. This is leadership."

That compelling quote on the nature of leadership comes from Marcus Buckingham, a British-American New York Times bestselling author, motivational speaker, and business consultant. Buckingham was a speaker at the national leadership event, Leadercast 2012, and a video of his presentation will be shown at the next 2013 Chick-fil-A Leadercast Recap Lunch & Learn event, sponsored by Results Marketing and St. Ambrose University.

"The speakers chosen to present at Leadercast each year are acclaimed leadership experts with amazing insights to share," said Todd Ashby, Managing Partner of Results Marketing. For the past three years, Results Marketing and select sponsors have been bringing simulcasts of the Chick-fil-A Leadercast to the Quad-Cities area. Each year, Leadercast is broadcast live from Atlanta, Georgia, to audiences in metro areas worldwide.

"At our Lunch & Learn events, attendees can watch these enlightening videos and discuss their content with other area professionals," Ashby said. The first Lunch & Learn event of 2013, featuring renowned author and speaker John Maxwell, was held in January. Each session is facilitated by a St. Ambrose faculty member.

Only 65 seats are available at each Recap Lunch & Learn event, so be sure to register early. The next Lunch & Learn event, featuring Marcus Buckingham, will be held noon to 1 p.m. on February 1. Two additional Lunch & Learn events will be held March 1 and April 5. All three will be held at the St. Ambrose University Downtown Education Center, located in the New Ventures Center at 331 W. 3rd St., Davenport, IA 52801. Cost to attend is $15 per session and includes lunch from Chick-fil-A.

Superior Speakers

While the Lunch & Learn speakers are all experts on leadership, Ashby observed, they approach the concept of leadership from different angles. "Marcus Buckingham promotes the concept that people will get the best results by making the most of their strengths, rather than by putting too much emphasis on their weaknesses," he said. "Many attendees of our Lunch & Learn events have mentioned that they enjoy the different viewpoints on leadership. It gives them a lot to think about."

An acclaimed author, Marcus Buckingham's books include First, Break All the Rules; Now, Discover Your Strengths; The One Thing You Need to Know; Go Put Your Strengths to Work; The Truth About You; and Find Your Strongest Life. His latest project, StandOut, is a book and strengths assessment combination, which uses a new research methodology to reveal the reader's top two "Strength Roles." StandOut gives people practical innovations that fit their strengths, and provides managers with quick insights on how to get the best from each member of their team.

In addition to the Marcus Buckingham event on February 1, the following speakers will be featured at upcoming Leadercast Recap Lunch & Learn events:

March 1, 2013

Andy Stanley is an acclaimed leadership communicator, author, pastor, and the founder of North Point Ministries, Inc. Every month, well over a million people from nearly every country in the world choose to tune in, download, or stream Stanley's teaching content via TV, radio, podcasts, and live streaming. Stanley's books include The Next Generation Leader, Visioneering, Enemies of the Heart, and The Principle of the Path.

April 5, 2013

Patrick Lencioni is a best-selling author and founder/president of The Table Group, Inc., a specialized management-consulting firm focused on organizational health. Lencioni's nine best-selling books have sold nearly 3 million copies, and his work has been featured in such publications such as BusinessWeek, Fast Company, INC Magazine, USA Today, Fortune, Drucker Foundation's Leader to Leader, and Harvard Business Review. Lencioni's books include The Five Dysfunctions of a Team, The Three Signs of a Miserable Job, and Getting Naked.

"We will be hosting a new day-long QC Leadercast event in May 2013," Ashby said, "so anyone thinking of attending the Spring 2013 event should attend these Lunch & Learn sessions beforehand, to get a feel for the topics to be discussed. Each year, Leadercast has a different theme, so there's always something new to be learned."

To register for Leadercast Recap Lunch & Learn events or to find out more, call Marcia Brandt of Results Marketing at 563-322-2065 or email Marcia@resultsimc.com. Feel free to befriend Leadercast Quad Cities on Facebook at www.facebook.com/qcleadercast.

Washington, D.C. - Congressman Dave Loebsack today announced that he will tour Isabel Bloom TOMORROW Wednesday, January 9th at 10:30am.  Small businesses are the backbone of our economy and Loebsack will see firsthand the handiwork made by Iowans.  Details of his visit are below.  Media are invited to attend.

Isabel Bloom was named one the Quad City Chamber's Small Businesses of the Year in 2012.

Small Business Tour

Isabel Bloom

736 Federal Street

Suite 2100

Davenport

10:30am

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Business Expert Offers Tips for Capitalizing
on Unpredictability

As we pass the five-year anniversary of the start of the economic recession in December 2007, many observers focus on what was lost:

• 8 million jobs
• 146,000 employer businesses
• 17.5 percent average individual earnings

But the businesses that survived the Great Recession and are thriving today didn't focus on losses then - and they aren't now, says Donna Every, a financial expert who has published three non-fiction business books and recently released her first novel, "The Merger Mogul," (www.donnaevery.com).

"The entrepreneurs who are successful during times of uncertainty are so because they don't rely on the standard approaches they'd use in predictable times, and they look for opportunities - the positives -- in situations that would have been considered negatives five years ago," Every says.

"It's similar to how we deal with the weather. In places where it's sunny most of the summer, we wouldn't leave our house each morning packing coats and umbrellas just in case. The weather's predictable. But in the winter and other seasons when the weather can quickly change, we head out with a different mindset."

For businesses, switching gears to deal with inclement economic conditions involves adopting new perspectives and practices, she says.

"I incorporated some of these in 'The Merger Mogul' because it's set during the recession and my protagonist, the mogul, had to adapt," Every says. "He used many of the strategies I teach my business clients for thriving during economic uncertainty."

What are some of those strategies? Every outlines them:

• Build on what you have, not toward what you want: Instead of setting goals and then seeking out the resources you'll need to meet them, assess what you have available and decide what you can achieve with that. This not only saves you the time and expense of pulling together resources you may not have, it also gives you the advantage of working from your business's individual and unique strengths.

• Follow the Las Vegas rule: Tourists planning a weekend in Las Vegas will often set aside the amount of money they're willing to gamble - and lose -- on cards or the slots. That way, they won't lose more than they can afford. During an uncertain economy, entrepreneurs should calculate their risks the same way. Rather than going for the biggest opportunities as you would in prosperous times, look for the opportunities that won't require as much of your resources. Calculate how much you can afford to lose, and always consider the worst-case scenario.

• Join hands and hearts: Competition is fine when things are going well, but when times are tough, you need allies. Explore forming partnerships with other entrepreneurs so you can strategize to create opportunities together. With what your partners bring to the table, you'll have more strength and new options to work with.

• Capitalize on the unexpected: Surprises can have positive outcomes if you handle them nimbly by finding ways to use them to your advantage. Instead of planning damage control for the next unexpected contingency, look at it as an opportunity. Get creative as you look for the positives it presents.

• When life is unpredictable, don't try to forecast: Focus on what you can do and create now rather than what you can expect based on what happened in the past. In good times, that information can be a helpful and reliable way to make predictions, but savvy entrepreneurs don't count on that in uncertain times.   

"While the U.S. economy certainly is improving, there's still too much uncertainty both here and abroad to go back to the old ways of doing business just yet," Every says.

"If you've survived the past five years, you've probably been relying on many of these strategies - maybe without even realizing it," she says. "Don't abandon them yet, and if there are some here you aren't using, work toward incorporating them, too."

About Donna Every

Donna Every is director of Arise Consulting Inc., a company that offers business training, and consulting services. She is a Chartered Certified Accountant with a master's in business administration. She is the author of "What Do You Have in Your House?"; "The Promise Keeper"; "Arise & Shine"; and her first novel, "The Merger Mogul."

Mortgage Credit Certificates may provide Iowa home buyers with up to $2,000 in annual federal income tax credits

(DES MOINES) - Gov. Branstad and Lt. Gov. Reynolds were accompanied by Iowa Finance Authority Executive Director Dave Jamison today to announce that eligible Iowans can now buy a home and reduce their federal income tax liability by up to $2,000 a year for the life of their mortgage. The Take Credit! Mortgage Credit Certificate program is available as of  January 1, 2013 and approximately 1,000 Iowa home buyers may benefit from the program. The program is administered by the Iowa Finance Authority, (IFA).

"Iowa home sales are currently up by more than twelve percent over 2011, according to the Iowa Association of Realtors and today's announcement of another resource for Iowa home buyers supports an even greater uptick in home sales, and that is good news for Iowa," said Branstad.  "The Take Credit mortgage credit certificate program will provide an added incentive for Iowans to purchase a home, which leads to a healthy, stable economy and also provide Iowa families to keep more of their hard-earned income, income that would otherwise be spent on federal income taxes."

After an eligible homeowner has closed a mortgage loan with an IFA Take Credit! Participating Lender, IFA will issue the homeowner a mortgage credit certificate for pre-approved applicants. The homeowner in turn may apply the credit against their federal income tax liability on an annual basis for the life of their mortgage. The credit may be claimed on IRS Form 8396.

"Through the program, fifty percent of eligible homeowners' mortgage interest becomes a tax credit that can deduct dollar-for-dollar from federal income tax liability," said Reynolds. "For example, a family with a $70,000 four percent fixed interest, thirty year mortgage would receive a tax credit of $1,388.78 in the first full year of homeownership. I encourage Iowans to look into this valuable resource provided by the Iowa Finance Authority."

Eligible home buyers must be approved for a mortgage and meet federal requirements, including income limits, maximum home sale price, limited prior homeownership interest and purchasing the home as a primary residence. More information including a Participating Lender list and eligibility quick check tool are available at IowaFinanceAuthority.gov.

"The Iowa Finance Authority is also announcing an exciting opportunity for all Iowans to participate in our 'Home in Paradise' social media contest January-March for a chance to win an Iowa vacation package this winter," said Iowa Finance Authority Executive Director Dave Jamison. "The contest is a fun way to gain momentum for homeownership as we simply ask Iowans to show us the creative ways that they beat cabin fever over the winter months. I encourage lenders, Realtors and real estate agents to sign up today to offer this contest to their clients at IowaFinanceAuthority.gov/Contest."

The mortgage credit certificate was authorized by Congress in the 1984 Tax Reform Act and functions like a federal income tax credit.  Funding for the program is made available through federal private activity bond volume cap, which was set to expire on December 31, 2012, if not used. The mortgage certificate credit funding will be available through 2014 or until the funds are expended.

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Five tips on paying down credit card debt acquired during the holidays

Des Moines, Iowa - In the current economic climate, it's more important than ever to plan and adhere to a budget, spend responsibly and to set aside savings for unplanned expenses. The key to spending responsibly during the holidays is to not spend more than what you have earned or saved. In the coming weeks, consumers will be faced with paying off their credit card bills, and Iowa credit unions have suggestions to help them tackle their debt.

In a survey of 930 Iowa consumers conducted by the Iowa Credit Union League (ICUL), 36.2% of respondents said they saved throughout the year to pay off holiday debt, and 29.8% said they have no firm plan in place to pay off newly-acquired debt.

"It is not uncommon to spend more than you planned during the holidays, and much of what you spend ends up on your credit card," said Emily Caropreso, Director of Communications & Marketing. "If you don't have a plan to pay off your balance, now is the time to create one. Doing so will save you money along the way."

ICUL suggests the following to pay off holiday credit card debt:

  • Pay it all off at once. If you can get away with moving money from savings to pay off your credit card in full, it is recommended. This will help you avoid interest charges on your purchases, and end your monthly payment. It will also positively impact your credit score, saving you more money down the road.
  • Pay it off in monthly installments. If paying the full balance isn't possible, create a monthly payment plan you can afford. More than 13% of Iowans indicate they will pay off their debt in one or two months, 8.9% in three to six months. Creating a payment plan will save you hundreds, possibly thousands, in interest charges compared to if you only pay the minimum.
  • Use your tax refund. Nearly 6% of Iowans plan to use a refund check from the Internal Revenue Service to pay off their holiday debt. While it is never smart to count on a tax refund, if you have one coming your way, paying down holiday debt is a smart investment. Otherwise, use your refund to replenish your savings, start a rainy day fund, or shop early for the upcoming holiday season.
  • Find a card with a lower rate. Incentive-based credit cards attract many consumers, but they usually come with a higher interest rate and/or an annual fee. If you find yourself struggling to pay down the balance, consider shopping for a card with a lower rate. Check out a local credit union (www.IowaCreditUnions.com), which typically offers no-frills credit cards at substantially lower rates.
  • Enroll in a holiday savings account. It may not help paying down existing debt, but to avoid future debt, start saving for the 2013 holiday season now. Set-up a payroll deduction of $25 a month in January, and you will have $250 saved up by Nov. 1. Most credit unions offer holiday savings accounts.

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 www.IowaCreditUnions.com. Follow ICUL on Twitter at www.twitter.com/icul or on Facebook at www.facebook.com/iowacreditunions.

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