Here is some news regarding Huntley’s long term plans/dreams concerning getting Metro to send a train from Elgin. After Huntley, all there is Marengo and you are right in Belvidere. Click on the following:
Saturday, March 14, 2009
A.I.G. to Pay $100 Million in Bonuses After Huge Bailout - NYTimes.com
Well many, many people are criticizing the Administration for throwing so many billions after this so called insurance company. While I suggest you read this well written article by the NY Times about the bonuses, I think you really ought to figure out how important AIG is to the total economy. That actually is a debate in itself.
Wikipedia, does a wonderful job of showing you the way Credit Default Swaps (CDS) are absolutely crazy. AIG’s exposure to CDS represents possibly a $100 billion loss. CDS exposure often exceed the total value underlining asset being protected by CDS’s. In September the bankruptcy of Lehman Brothers caused a total close to $400 Billion to become payable to the buyers of CDS protection referenced against the insolvent bank. However the net amount that changed hands was only $7.2 billion. So what would happen if the largest writer of CDS’s failed?
To view the bonus issue, click on the following citation:
A.I.G. to Pay $100 Million in Bonuses After Huge Bailout - NYTimes.com
To read about CDS’s, the crazy market which might bring down the entire world market, click on the following citation:
http://en.wikipedia.org/wiki/Credit_default_swap
A new article concerning which firms and countries are benefiting from the federal loans (or the secret nature of whom they are) has just be posted at the New York Times. Click on the following:
Fair Game - At A.I.G., Good Luck Following the Money - NYTimes.com
The LA Times also has some interesting comments regarding AIG. It's not just the size that would matter. AIG's interconnectedness with other companies, markets and economies is so huge and convoluted that it's almost impossible to foresee what all the consequences of collapse would be. To read the full story click on the following: http://www.latimes.com/news/la-fi-nofail9-2009mar09,0,3753751.story?page=2&track=rss
Rockford Register Star will supply voters a short summary of each April 7 candidate
Hey there everyone—it appears that the Rockford Register Star is preparing a data base source for the voters. The following information will be supplied for each candidate in the April 7 election:
Biographical Information
Why are you running for office?
Candidate response is not yet available.
What is the biggest issue in your race?
Why should people vote for you? Take a look, by clicking on the following citation: Rockford Register Star - Rockford, IL - Rockford Register Star
Some Clarification regarding the new Health Department Chief?
On March 10, 2009 the Rockford Register Star reported that new hire, Stephanie Seaworth, would not be the head of the Heath Department as scheduled. No further information was disclosed to the paper “because it is a personnel matter”. For complete original story see: http://www.healthyrockford.com/health/people/x1593366990/Snag-delays-Boone-health-leader-s-start
Well the Rockford Register Star’s Week In Review provides some clarification. See that article below. Apparently Ms. Seaworth “lacks the state-required qualification” however she will “stay on as assistant administrator”. Does anyone have any questions?
Click on the photocopy to enlarge.
Friday, March 13, 2009
Belvidere’s unemployment 19.4% ---Northwest Herald | County unemployment worst since 1993
I have not seen this in our local paper yet—but do you believe that number 19.4%. Click on the citation below to see the story:
Northwest Herald | County unemployment worst since 1993
To see more facts regarding Winnebago-Boone County numbers go to Rockford Register Star’s story at: http://www.businessrockford.com/biznews/x599195211/Local-jobless-numbers-keep-rising
Here are some numbers for the area broken up by nation, county and cities. Click on the chart to make it larger:
China’s Leader Says He Is ‘Worried’ Over U.S. Treasuries - NYTimes.com
Premier Wen’s two-hour news conference — by tradition, his only meeting with the media each year — was dominated by questions about the economy. Perhaps things are changing regarding China’s feeling regarding US Treasuries or China may need to bring foreign investments back home to cope with their domestic economic crisis.
Click on the following to view the entire story:
China’s Leader Says He Is ‘Worried’ Over U.S. Treasuries - NYTimes.com
US urges a global economic fix | csmonitor.com
Ahead of the G-20 finance ministers’ meeting, Obama calls for allies to increase stimulus efforts – and meets a cool response.
To read more of this story, click on the following citation:
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