GM has an agreement to sell its Hummer brand to Sichuan Tengzhong Heavy Industrial Machinery Co. of China, said a person briefed on the deal.
GM's Shreveport, La., assembly plant would continue to contract to assemble the H3 and H3T through at least 2010,
AP source: GM to sell Hummer to Chinese company - Yahoo! News
$28.3 billion public works plan approved in the closing weeks of the General Assembly. Gov. Pat Quinn has said he won't sign the capital construction bill until a balanced budget is passed.
Lawmakers take home $500 million for districts - Springfield, IL - The State Journal-Register
Wait can be contacted at his district office Monday through Friday by calling 815-577-7771 or by visiting 411 S. State St. in Belvidere.
The Belvidere Daily Republican. - Wait continues to open office to citizens across district
The Detroit-based company did not name the proposed buyer or the price, but said the sale will likely save more than 3,000 U.S. jobs in manufacturing, engineering and at various Hummer dealerships.
Click on the following for the rest of the story: General Motors in tentative deal to sell Hummer - Yahoo! News
This bank holding company has seven branches in the Rockford area.
When is a golden parachute not a golden parachute? Associated Banc-Corp [1] of Wisconsin, which received $525 million in TARP money last year, seems to have found an answer to the riddle.
Lisa Binder, Associated Banc-Corp [1]’s president and chief operating officer, resigned. But she didn’t leave empty-handed: The bank agreed to pay her $1.65 million.
Binder’s severance agreement [3], filed last week with the Securities and Exchange Commission, acknowledges the ban on golden parachutes. But Binder’s payment isn’t a golden parachute according to the agreement: It’s compensation for “services rendered.” Those services? Not competing with the bank.
Click on the following for the rest of the story: Bailed-Out Bank Tries Golden Parachute Loophole - ProPublica
only one[agency] to directly oversee banks -- a completely new agency. Two of the four existing agencies would disappear. The FDIC and the Federal Reserve would cease to regulate banks as they do now, but they would gain other powers. The FDIC would be able to put any institution, no matter how big, into receivership. The Fed would be charged with watching and controlling risk across the system. There would also be a new agency with the primary mission of protecting consumers.
What is the real purpose of the GM Bailout?
The bail-out is designed to give the economy time to reduce the social costs of the blow
The answer is not to bail out GM. It is to smooth the way to a new, post-manufacturing economy.
Click on the following for the rest of the story: Robert Reich's Blog
the Poplar Grove United Methodist Church has begun to run an Unemployed Support Group, which began May 7 and has continued on each Thursday since then
The meetings use helpful resources for individuals, including software to help make cover letters and resumes, as well as helping with interview skills and techniques.
Click on the following for the rest of the story: The Belvidere Daily Republican. - Group for the unemployed offers support, job-skills tips
