Wednesday, September 1, 2010

Daily Chronicle’s View: Make efficiency an election issue

combining the treasurer’s investment duties and comptroller’s check-writing chores could save taxpayers $12 million, even though it would require a constitutional amendment and four years to accomplish. In a debt-ridden state, though, every bit helps.

Click on the following for more details:  Our View: Make efficiency an election issue | Daily Chronicle

Tea Party preps for major "9/12" rally under the Arch

Tea Party activists from around the Midwest are preparing for a major gathering under the Arch [in St. Louis] next month in what figures to be one of the group's largest rallies before the November midterm elections.

The Sept. 12 rally will draw attention to the movement's "9/12" efforts -- a push to replicate the country's unity the day after the 2001 terrorist attacks.

Click on the following for more details:  Tea Party preps for major "9/12" rally under the Arch

Firm scratched from Illinois Lottery could stall bidding with protest

One of the biggest lottery firms in the world, Intralot S.A., is weighing a protest after it was eliminated on Aug. 9, barely a week after bids were submitted on July 30, for reasons that remain unknown.

no other state has planned to outsource so much control over its lottery operations, and the prospect of higher profits resulting from private management remains to be proved.

Only two bidders remain

 

Click on the following for more details:  Firm scratched from Lottery could stall bidding with protest | Government | Crain's Chicago Business

Tuesday, August 31, 2010

Report: Warnings about e-mails went unheeded in Bush White House

Missing e-mails included messages from the months preceding the start of the Iraq war and messages sent by Vice President Dick Cheney's office that were later sought by the Justice Department as part of its investigation into the disclosure of Valerie Plame's identity as a covert CIA spy.

Click on the following for more details:  Report: Warnings about e-mails went unheeded in Bush White House

Monday, August 30, 2010

Ideal to expand Sycamore facility

company plans to build a 130,000-square-foot building at its corporate headquarters in the Sycamore Prairie Business Park to accommodate its purchase of SK Hand Tools, a Chicago-based tool company that makes sockets, ratchets, hammers and wrenches.

Click on the following for more details:  Ideal to expand Sycamore facility | Daily Chronicle

Saturday, August 28, 2010

Deadline looms over Crown in Hampshire

Over-expansion in Hampshire may mean that bondholder will receive only 33 cents on a dollar.  Could something similar be looming on any Boone County projects?

75 million worth of bonds were sold in 2007 to raise money to build roads, expand wastewater and water treatment plants, and other infrastructure improvements to serve the planned Prairie Ridge, Oakstead and Tamms Farm subdivisions. 

Three weeks ago, the village [of Hampshire] submitted a tender offer to the bond holders to buy back the bonds for about $28 million. The $28 million would come from funds still unspent from the original bond sale, plus $3.5 million kicked in by Crown.

Click on the following for more details:  Deadline looms over Crown in Hampshire :: The Courier News :: Local News

Chemtool keeping jobs at Crystal Lake facility

 

He estimated that 40 to 60 employees – down from about 250 jobs at its peak – would remain at 130,000-square-foot plant on 56 acres at 8200 Ridgefield Road [in Crystal Lake]

some production, some warehousing, and some packaging will remain. Crystal Lake is my town. I’ve lived here all my life.”

Click on the following for Mr. Athans’ plans for the Winnebago and McHenry County facilities:  Business Journal | Chemtool keeping jobs at Crystal Lake facility