Monday, October 12, 2009

Lawsuit filed over commission in Chemtool deal - Rockford, IL - Rockford Register Star

Old news from 2008 maybe coming to court soon. 

Williamson Real Estate Inc. claims it showed the property, owned by Guiffre II LLC, to Chemtool Inc. on at least six occasions and was going to receive a 6 percent commission on the $6.5 million deal the sides reached on Jan. 24, 2006.
The deal was later canceled

Lawsuit filed over commission in Chemtool deal - Rockford, IL - Rockford Register Star

Choking video poker – editorial from chicagotribune

The list of local governments opting out of video gambling has lengthened to 221 municipalities

The gaming industry's many influential registered lobbyists know that video gambling is so unpopular in Illinois that it generally can't survive public hearings and open debate.

Chicago presents the industry with a different challenge. In order to permit video gambling, it looks to us as if the City Council would have to cast an affirmative vote to override the current ban.

State lawmakers sneakily fast-tracked it as a way to cover one-third of the cost of retiring state bonds for a $31 billion capital spending plan

Legislators could scale back the size of their capital plan, or they could find a better way to pay for it. The worst option: leaving the current law untouched.

Each time a local government opts out of video gambling, as the Cook County Board ought to do Tuesday, the folly of exploiting poor people who'll patronize this industry to pay for new roads becomes all the more obvious.

Click on the following for the full editorial:  Choking video poker -- chicagotribune.com

Advertising opportunity for boonecountywatchdog.blogspot.com - bill.pysson@gmail.com

I just received this wonderful opportunity via email to receive advertizing dollars from on-line gaming sites.  No doubt due to my posting of video poker issue here in Illinois.  I thought some of you might enjoy this.

My name is Liz, and my company Topspot Promotions represents online gaming sites in various domains. We are looking at reputable sites to place our clients' ads. Please let me know if you are interested.

For further details please don't hesitate to contact me.

Sincerely,
Liz Jenkins
Advertising Consultant
Business Development Department
liz.jenkins@topspot-promotions.net
Topspot Promotions

Gmail - Advertising opportunity for boonecountywatchdog.blogspot.com - bill.pysson@gmail.com

Sunday, October 11, 2009

What will it take to bring back 7 million jobs?

More than 5 percent of US jobs have disappeared since the recession began in 2007, some 7 million in all. That compares with job losses in the neighborhood of 1.5 to 2 percent during the previous two recessions.

If jobs could grow at a mid-1990s pace of 3 million a year, it would take about five years. If jobs grow at a mid-2000s pace of 2 million a year, it would take a lot longer.

lawmakers are considering a range of additional policies.

These include:

• Extending the first-time homebuyer tax credit, worth up to $8,000.
• Extending unemployment benefits and health benefits for laid-off workers.
Tax breaks for businesses that hire new employees or spend on new equipment and facilities.
• Additional federal spending on infrastructure, or aid to state governments.

two-year tax credit that is refundable against payroll taxes so that non-profits, corporations, and even public employers would get the credit, …. [this] EPI proposal calculate that the tax credit would create 2 million to 3 million jobs.

Click on the following for more details:  What will it take to bring back 7 million jobs? | csmonitor.com

Vt. health reform: manage chronically ill patients

The pilot program begun in 2003 aims to reach patients with chronic conditions, keep them healthier and, ultimately, save money by heading off expensive hospitalizations and procedures. Already, emergency room visits are down.

It's health care at its most basic, but in some ways it's revolutionary. In a system where private insurers and the government reimburse providers for treating sick patients, the physicians who treat the two diabetes patients will get more if they stay healthy.

Almost 85 percent of Vermonters ages 65 and over have one chronic condition — such as diabetes, asthma or cardiovascular disease — and many have more than one. Treating chronic conditions accounts for 78 percent of health care spending in Vermont and 88 percent of all prescriptions. Experts say those figures are similar across the country.

Click on the following for more of the story:  Vt. health reform: manage chronically ill patients - Yahoo! News

Where Illinois representatives stand on extending the first-time homebuyer tax credit

 Don Manzullo

Rep. Donald Manzullo (R-16th) is co-sponsoring two bills, H.R. 101 and H.R. 2655.

HR 101

1/6/2009–Introduced.

Economic Recovery Through Responsible Homeownership Act of 2009 – Amends the Internal Revenue Code to allow an individual taxpayer a refundable tax credit for the purchase in 2009 or 2010 of a residence located in the United States if the construction of such residence began before 2009. Allows a credit of either $2,000, $5,000, or $10,000 for down payments of 5, 10, or 15% of the residence’s purchase price respectively.

HR 2655

6/2/2009–Introduced.

Amends the Internal Revenue Code to: (1) extend the first-time homebuyer tax credit to all individuals who purchase a principal residence (currently, only first-time homebuyers as so defined); (2) extend such credit and the waiver of recapture requirements for such credit through 2010; and (3) expand the election to treat a purchase of a principal residence as made in a prior taxable year for purposes of such credit.

Click on the following for the position of other Illinois representatives:  Where Illinois representatives stand on extending the first-time homebuyer tax credit | WBEZ / Chicago Public Radio Blog

Belvidere company’s bid may get 2nd look

The bid protest [by Infrastructure Defense Technologies] was dismissed by the General Accountability Office after the DLA (Defense Logistics Agency)  agreed to re-examine its solicitation process, said Michael Golden, GAO managing associate general counsel.

The Defense Logistics Agency agreed to take corrective action on the $100 million contract.

Click on the following for more details:  Belvidere company’s bid may get 2nd look - - BusinessRockford.com