Northwest Herald | Public works bill includes lawmakers' pet projects

 

The Candlewick Lake Association, a gated community near Rockford with nearly 7,000 people enjoying a 220-acre lake and a 9-hole golf course, stands to get $50,000.

The community did not ask for the money, said Candlewick general manager Tracy Carter. Instead, Rep. Ron Wait, R-Belvidere, contacted them. “We certainly will find a good use for it,” Carter said.

Wait did not return a call seeking comment Friday.

Democrats, who have a strong majority in both chambers, got most of the money

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Paper Industry: Don't Kill Fuel Credit : NPR

Update of a previous report on the green power credit that is so far from green.  Click the following for the old story: http://boonecountywatchdog.blogspot.com/2009/04/pulp-nonfiction.html

by adding one-tenth of 1 percent of diesel fuel to the black liquor mix, they could qualify for the "alternative fuel mixture credit."

 

The credit is due to sunset at the end of the year. Snowe and other representatives from papermaking states want it to continue. But last month, ambassadors from Brazil, Chile, Canada and the head of the European commission delegation wrote a letter to Congress, complaining that the tax credit is the equivalent of a subsidy. They say it's disrupting international paper markets and decreasing prices. And they warn that failure to do away with it quickly could spark a trade war.

Paper Industry: Don't Kill Fuel Credit : NPR

Investors ask Supreme Court to delay Chrysler sale | U.S. | Reuters

 

The appeals court late on Friday stayed the closing of the sale until Monday afternoon, giving the pension funds time over the weekend to ask the Supreme Court to block the sale while they appeal.

Indiana pension funds asked the U.S. Supreme Court on Sunday to immediately delay the sale of bankrupt automaker Chrysler LLC

argued the sale unlawfully rewarded unsecured creditors such as the union ahead of secured lenders and that Chrysler was pursuing an illegal reorganization plan through a sham sale

Ginsburg could act on her own or could refer the matter to the full court. A stay from the full court would require the votes of five of the nine Supreme Court members

Investors ask Supreme Court to delay Chrysler sale | U.S. | Reuters

Daily Herald | Who won or lost at the Illinois statehouse

Winners and losers in the new six month state budget :

Without a new deal, Quinn says not-for-profit agencies that get state money to help the developmentally disabled, provide home care for seniors and treat the addicted will likely be cut off in July

Daily Herald | Who won or lost at the Illinois statehouse

Private insurance companies push for 'individual mandate' -- chicagotribune.com

industry's real trouble begins in 2011, when 79 million baby boomers begin turning 65. Health insurers stand to lose a huge slice of their commercially insured enrollment (estimated at 162 million to 172 million people) over the next two decades to Medicare, the government-funded health insurance program for seniors.

Private insurers lost an estimated 9 million customers between 2000 and 2007.

Private insurance companies push for 'individual mandate' -- chicagotribune.com

Banks wade deeper into troubled loan waters - - BusinessRockford.com

 

AMCORE and Rock River also are the two banks that saw marked drops in capital reserves.

Banks wade deeper into troubled loan waters - - BusinessRockford.com