A long-time Seattle financial advisor was indicted today by a federal grand jury with 23 criminal counts, including wire fraud, money laundering and investment advisor fraud, announced U.S. Attorney Jenny A. Durkan. Mark F. Spangler, 57, of Seattle is accused of diverting investor money from accounts he managed to risky start up ventures in which he or his investment firm had an ownership interest. Spangler allegedly diverted more than $46 million to two companies, one of which is now shut down after failing to generate any positive revenue. Those who invested in the funds managed by Spangler, as part of The Spangler Group Inc.(TSG), were not told that their money was being invested in risky start-up companies. Spangler and several of his companies went into receivership last year. Today, the Securities and Exchange Commission filed a civil suit against Spangler as well. Spangler is scheduled to appear in U.S. District Court in Seattle on May 18, 2012 at 2:30.

“The Department of Justice is making the prosecution of financial fraud a top priority,” said U.S. Attorney Durkan. “These investors lost millions to a man they trusted to safeguard their resources. We are working closely with the SEC to ensure Mr. Spangler is held accountable for his fraud.”

The six investors described in the indictment were told their funds were conservatively invested in publicly traded companies and in bonds. Spangler allegedly provided them misleading statements over time, falsely describing the value of their accounts and how the money was invested. When investors sought to liquidate their holdings, Spangler was unable to provide them any funds, because the money had been funneled to the high risk start-up ventures that were not profitable.

According to the indictment, Spangler established a variety of funds as early as 1998 to pool investor money to buy publicly traded stocks and bonds. Spangler co-founded the two startup companies in the early 2000s—Tamarac Inc. in 2000 and TeraHop Networks Inc. in 2002. Tamarac Inc. is headquartered in Seattle and provides software to financial planners. TeraHop Networks Inc. is headquartered in Georgia and manufactured wireless devices used to monitor the location and activity of people and physical assets such as construction equipment. TeraHop has ceased operation. Spangler not only failed to disclose to his investors that he was diverting significant amounts of their funds to TeraHop and Tamarac, but he also failed to disclose that he was involved in the management of these companies, had an ownership interest in Tamarac, and was receiving payments from both companies. The indictment contains an order of forfeiture, which will be used to try to recover assets for the investors.

The case is being investigated by the FBI and Internal Revenue Service Criminal Investigation (IRS-CI).

The case is being prosecuted by Assistant United States Attorneys Mike Lang and Carl Blackstone.

For additional information please contact Emily Langlie, Public Affairs Officer for the United States Attorney’s Office, at (206) 553-4110 or Emily.Langlie@USDOJ.Gov.

Seattle Financial Advisor Indicted in $46 Million Investment Fraud Scheme | Chicago Press Release Services - Chicago's leading press release newswire service; professional press release services, press release distribution and newswire services.

WASHINGTON—Carmelita Hines, 48, of Waldorf, Maryland, was sentenced today to a 20-month prison term on a charge of wire fraud in an embezzlement scheme that cost her former employer more than $200,000, announced U.S. Attorney Ronald C. Machen, Jr. and James W. McJunkin, Assistant Director in Charge of the FBI’s Washington Field Office.

Hines pled guilty in February 2012 in the U.S. District Court for the District of Columbia. She was sentenced today by the Honorable Ellen S. Huvelle. Judge Huvelle ordered Hines to pay $217,074 in restitution and an equal amount in forfeiture. Upon completion of her prison term, Hines will be placed on three years of supervised release. During that time, she must perform 200 hours of community service.

According to a statement of offense presented to the court by Assistant U.S. Attorney Sherri L. Schornstein, Hines worked from 2003 until 2011 as office operations manager for the United States Commission on International Religious Freedom, an independent, bipartisan U.S. federal government commission that makes policy recommendations to the president, the secretary of state, and Congress. Her duties included, among other things, managing the procession, tracking, and expenses of the commission’s expenses and other finances.

From 2007 until 2011, Hines repeatedly used credit card accounts in the name of the commission and in her own name, on behalf of the commission, to embezzle $217,074. She used the accounts to charge $146,008 in personal expenses and to make $71,066 in cash withdrawals for her personal benefit. The personal expenses included assorted gift cards, computer equipment, automobile GPS systems, an iPod Nano, gasoline, cosmetics, movie tickets, investment in a “get-rich-quick” scheme, and other items.

Hines used her position to conceal her embezzlement and fraud. Among other things, she altered credit card statements and certified documents to hide the crimes.

In announcing the sentence, U.S. Attorney Machen and Assistant Director in Charge McJunkin praised those who worked on the case, including the special agents of the FBI’s Washington Field Office, as well as former Legal Assistant Jared Forney of the U.S. Attorney’s Office. They also commended the efforts of Assistant U.S. Attorney Sherri L. Schornstein, who prosecuted the case.

Former Office Manager Sentenced to 20 Months in Prison in $217,000 Scam Against a Federal Government Commission | Chicago Press Release Services - Chicago's leading press release newswire service; professional press release services, press release distribution and newswire services.

April 19, 2012

Originally reported by Illinois Statehouse News. Read the original article here.

Quinn’s appointment stirs up controversy | Chicago Press Release Services - Chicago's leading press release newswire service; professional press release services, press release distribution and newswire services.

SACRAMENTO—Kinde Durkee, 59, of Long Beach, California, pleaded guilty today before U.S. District Judge Kimberly J. Mueller to five counts of mail fraud, announced Benjamin B. Wagner, U.S. Attorney for the Eastern District of California. The charges relate to a long-running scheme in which she misappropriated millions of dollars from various campaign committees of federal and state elected officials.

This case is the product of an extensive investigation by the FBI. Assistant U.S. Attorneys John K. Vincent and Phillip A. Ferrari prosecuted the case. The investigation originated with an audit by an investigator with the California Fair Political Practices Commission.

In pleading guilty today, Durkee admitted that the losses to victims exceeded $7 million. The case is believed to be the largest embezzlement by a campaign committee treasurer ever prosecuted.

According to the plea agreement, Durkee operated Durkee & Associates, a firm that specialized in providing accounting and campaign reporting services to political committees for state or federal offices, including political campaign committees and non-profit organizations. Part of that service included filing campaign disclosure forms with the California Secretary of State in Sacramento (for state candidates or officials) or the Federal Election Commission (FEC) (for federal candidates or officials). In addition, Durkee served as the treasurer for many of her client committees and maintained bank accounts for her clients.

According to court documents, from approximately January 2000 to September 2011, Durkee operated a scheme to defraud clients of Durkee & Associates by routinely misappropriating client funds and submitting and causing the submission of false information to the California Secretary of State and the FEC. As a result of the false filings, clients believed that their campaign accounts had more money in them than they actually held. Durkee used the money she misappropriated to pay her personal expenses, including mortgage payments and American Express charges; to pay business expenses, including payroll; and to repay unauthorized withdrawals from other client accounts.

U.S. Attorney Wagner said, “Kinde Durkee’s casual embezzlements over a decade added up to devastation for many of her clients. Like any fraudster, she depended on trust to perpetuate and conceal her scheme. In the world of politics, no less than in the world of finance, clients should be wary of relying on trust alone when choosing a guardian for their funds.”

“Greed is the root of all white collar crime,” said Herbert M. Brown, Special Agent in Charge of the FBI Sacramento Field Office. “Our agents tirelessly investigate these crimes that silently erode our communities, exposing those who purposely defraud, steal, and embezzle from those they are entrusted to serve.”

As part of the sentence ultimately imposed in this case, Durkee will be ordered to pay restitution to the victims. As part of the plea agreement, she agreed to turn over any equity in a property in Burbank, California, where her firm was located. The firm is no longer operating. She also agreed to liquidate funds in a 401(k) account for use in restitution.

Durkee is scheduled to be sentenced by Judge Mueller on June 20, 2012 at 9:00 a.m. The maximum penalty for each count of mail fraud is 20 years in prison and a $250,000 fine. The actual sentence, however, will be determined at the discretion of the court after consideration of any applicable statutory factors and the Federal Sentencing Guidelines, which take into account a number of variables.

Former California Campaign Treasurer Pleads Guilty to Defrauding Campaign Committees | Chicago Press Release Services - Chicago's leading press release newswire service; professional press release services, press release distribution and newswire services.

SPRINGFIELD, Ill., Nov. 21, 2011 /CHICAGOPRESSRELEASE.COM/ — Thanksgiving weekend for millions is when the boxes of lights come out and the decorating begins. Unfortunately, every year people are hurt in decorating accidents. The U.S. Consumer and Product Safety Commission reports that during the two months surrounding the holiday season, more than 14,000 people are treated in hospital emergency rooms due to injuries related to holiday decorating.

Keep your holiday season safe and bright, and learn from the tragic experience of Shawn Miller who was helping his mother light her yard for the holidays.

“I was just hanging Christmas lights at my mom’s house like I do every year,” Miller said. “Only this time, I was decorating a new area – the trees that lined the front of the yard.” As he tossed lights up into the trees, 7200 volts of electricity entered his body, traveling from the overhead power lines through his strand of lights. He suffered 27 exit wounds and the loss of his left hand, among other injuries.

“Please take note of your surroundings before decorating outside,” Miller urges, “especially power lines and the service connection to your home. Make sure to keep yourself, ladders, and lights far away from them. I’m lucky to be alive. I want everyone to be careful – be aware of power lines.”

“Shawn Miller has a lot to teach us about electrical safety, and we are grateful he has shared his story,” says Molly Hall, executive director of the Safe Electricity program.

“Had I known more before this happened, I might still have two hands and the job I loved,” Miller said. “I want to help people learn from what has happened to me. Safe Electricity is helping me help others.”

Hall encourages people to visit http://www.SafeElectricity.org to see the video of Miller’s story, as well as a checklist of safety tips when decorating outdoors and inside.

Safe Electricity is the award-winning program of the Energy Education Council, a non-profit organization that is dedicated to promoting electrical safety and that also provides information on energy efficiency and renewable resources. Energy Education Council members include more than 400 utilities in 26 states as well as energy-related organizations and educators.

Note: More details, including sound bites and a print PSA/graphic are available online at http://www.SafeElectricity.org in the Newsroom.

Contact: Kyla Kruse, 217-546-6815, kekruse@illinois.edu 

Satellite Coordinates:
Slug: Holiday Lighting Safety
Date: 11/21/11
Time: 1:15 PM (CT) – 1:30 PM (CT)
Satellite: AMC 15KU
Transponder: 01
Slot: D9
Downlink Frequency: 11733.5
Downlink Polarization: V
Bandwidth: 9 MHz
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Data Rate: 5.5

For technical assistance please call IOCI Media Services – Satellite at 217-785-5499.

This press release was issued through eReleases(R).  For more information, visit eReleases Press Release Distribution at http://www.ereleases.com.

SOURCE Energy Education Council

http://www.SafeElectricity.org

Survivor of Holiday Lighting Accident Shares Life-Saving Safety Lessons | Chicago Press Release Services - Chicago's leading press release newswire service; professional press release services, press release distribution and newswire services.

CHICAGO – October 17, 2011. Governor Pat Quinn today announced the appointments of 7 commissioners to the Illinois Workers’ Compensation Commission (IWCC). Commissioners review workers’ compensation appeals, and today’s appointments relate to the package of reforms to the workers’ compensation system that Governor Quinn led through the General Assembly and signed earlier this year.

“We set out to review and reform our entire workers’ compensation system in Illinois, and that’s what we have done,” Governor Quinn said. “Our reforms continue protections for workers, while also saving our businesses millions and improving Illinois’ business climate. These commissioners will ensure that Illinois workers’ compensation cases are judged fairly so that workers and business can have confidence in our system.”

Commissioners sit on one of three IWCC panels that review appeals by petitioners or respondents to an arbitrator’s decision. To ensure balanced reviews, each panel consists of three commissioners: a commissioner representing the public, a labor commissioner representing the employee community, and a business commissioner representing the employer community.

In June, Governor Quinn signed House Bill 1698, a comprehensive overhaul of Illinois’ workers’ compensation system. The reforms are expected to save Illinois businesses between $500 and $750 million dollars annually, while continuing protections for injured workers. The reform package also included a major overhaul of Illinois’ troubled Workers’ Compensation Commission.

Last Friday, the Governor appointed 29 arbitrators to the IWCC, following a rigorous vetting process by the Advisory Board and the Office of the Governor. The overhaul called for the Governor to make appointments or reappointments to fill all arbitrator positions, considering recommendations from the Workers’ Compensation Advisory Board. Members of the board – six representing employers and six representing workers – were appointed by the Governor earlier this year.

The new law requires both arbitrators and commissioners to follow the rules and ethical practices of judges. Arbitrators and commissioners must also take at least 20 hours of training every 2 years while in office regarding professional and ethical standards, detection of fraud, evidence-based medical treatment, and Coal Workers’ Pneumoconiosis.

The Governor appointed commissioners to seven positions that were on expired terms. Five commissioners were reappointed. Commissioner Molly Mason was appointed as an arbitrator on Friday. Three commissioners, Yolaine Dauphin, Thomas Tyrrell, and Chairman Mitchell Weisz, are in the midst of four year terms, set to expire on Jan. 21, 2013.

Current panels and Commissioners:

Governor Quinn has appointed:

Mario Basurto of Cook County has more than 15 years of experience as an attorney and legal supervisor and has been a commissioner with the Illinois Workers’ Compensation Commission since 2005. Previously, Mr. Basurto worked as an attorney for the firm Dranias, Harrington & Wilson, and as an in-house trial attorney and assistant legal supervisor for the Law Offices of Lauren Meachum, where he was exclusively responsible for over 70% of the firm’s largest corporate client, United Parcel Service. Mr. Basurto is an active member in such organizations as the Chicago Bar Association, the Hispanic Lawyers Assication and the Puerto Rican Lawyers Association. He received a J.D. and a B.A. from the University of Illinois. Mr. Basurto will be serving as a Commissioner on Panel C.

Charles DeVriendt of Will County has nearly 30 years of experience as a workers’ compensation attorney through his private practice, DeVriendt and Associates, and has served as an arbitrator with the Illinois Workers’ Compensation Commission since 2004. Mr. DeVriendt previously served as Assistant General Counsel at the Chicago Park District, Assistant Corporation Counsel at the City of Chicago and served as a police officer at the Chicago Police Department. He holds a J.D. from DePaul University, and a B.A. from St. Joseph College. Mr. DeVriendt will be appointed as a Commissioner on Panel B.

Daniel R. Donohoo of Madison County has more than 25 years of experience as a CPA and county recorder and has served as a Commissioner with the Illinois Worker’s Compensation Commission since May of 2010. Mr. Donohoo served for over 20 years as the recorder for Madison County in addition to being a board member for four years. He has worked at the firms Schoppet & Schoppet and Croxford, Donohoo & Co. Mr. Donohoo is a member of ABA, ISBA, AICPA and ILCPA and has been a member of Governor Quinn’s Taxpayer Action Board. He holds a J.D. from Thomas L. Cooley Law School and a B.A. from Southern Illinois University-Edwardsville. Mr. Donohoo will be serving as a Commissioner on Panel A.

David L. Gore Jr. of Will County has nearly 20 years of experience as an attorney and has served as a commissioner with the Illinois Workers’ Compensation Commission since 2006. Previously, he was a partner at the firm Gore & Gore, specializing in workers compensation cases. Mr. Gore has also served as Assistant State’s Attorney for Chicago, staff attorney with the Illinois Legislative Reference Bureau and Contract Administrator for an intellectual property protection company. In addition, he has served as staff representative of the United Steelworkers of America, ALF-CIO-CLC. Gore holds a J.D., an M.A. and a B.A. from University of Illinois at Urbana-Champaign. Mr. Gore will be serving as a Commissioner on Panel C.

Kevin W. Lamborn of DuPage County has more than 20 years of experience as a prosecutor in several divisions of the Cook County States’ Attorney and has served as a commissioner with the Illinois Workers’ Compensation Commission since 2007. Mr. Lamborn previously worked as an attorney and partner for the firm McAuley & Lamborn and as an associate attorney for the municipal practice law firm Storino, Ramello & Durkin. He holds a J.D. from The John Marshall Law School and a B.A. from Valparaiso University. Mr. Lamborn will be serving as a Commissioner on Panel A.

Michael Paul Latz of Cook County has more than 20 years of experience as an attorney in private practices and in the public sector. Mr. Latz is currently Of Counsel with the firm Ancel Glink Diamond Bush DiCianni & Kraftheffer. Previously, he was an associate and partner for Bollinger, Rueberry & Garvey and associate at Potter & Schaffner and O’Conner, Schiff & Meyer. He has also served as assistant state’s attorney for Cook County. He holds a J.D. and a B.A. from University of Notre Dame. Mr. Latz will be serving as a Commissioner on Panel C.

Nancy H. Lindsay of Sangamon County has more than 30 years of experience as an attorney specializing in workers’ compensation and has served as a commissioner with the Illinois Workers’ Compensation Commission since 2006. Previously, Ms. Lindsay taught business law at Illinois College in Jacksonville for nearly 20 years. She has served as a member and president for the Morgan County Bar Association and is currently a member of the Illinois State Bar Association. Ms. Lindsay holds a J.D. from Saint Louis University School of Law, a M.A. from Sangamon State University and a B.A. from Illinois College. Ms. Lindsay will be serving as a Commissioner on Panel B.

Governor Announces Appointments to the Workers’ Compensation Commission – Appointments Latest Step in Series of Workers’ Compensation Reforms | Chicago Press Release Services - Chicago's leading press release newswire service; professional press release services, press release distribution and newswire services.

– Contract Specifications and Margins Announced

CHICAGO, Oct. 12, 2011 /CHICAGOPRESSRELEASE.COM/ — CBOE Futures Exchange, LLC (CFE) announced today that on or after Thursday, October 27, it plans to launch trading in futures on Radar Logic 28-Day Real Estate indexes, which measure asset values in the U.S. residential housing market.  

(Logo:  http://photos.CHICAGOPRESSRELEASE.COM.com/prnh/20100707/CBOELOGO-b)

The first futures contract CFE intends to list will be on Radar Logic’s 25-Metropolitan Statistical Area (MSA) Composite Index (ticker symbol: RPXCP), which tracks values of the U.S. residential housing market as a whole. Today CFE filed with the Commodity Futures Trading Commission (CFTC) to offer trading in a number of Radar Logic 28-Day Real Estate Index (RPX) futures and released proposed contract specifications and margin requirements.

“The introduction of futures on the Radar Logic 25-MSA Composite Index will offer real estate lenders, developers, investors and insurers an efficient way to help protect against or seek to take advantage of declining or rising residential values in all types of real estate environments,” CBOE Futures Exchange Managing Director Andrew Lowenthal said.  ”Previously limited to over-the-counter transactions, CFE’s listing of this comprehensive real estate index will provide users with the added benefits associated with exchange trading – transparency, price discovery, certainty of execution and protection against counterparty risk through centralized clearing.”  

Metropolitan areas included in the 25-MSA Composite Index are Atlanta, Boston, Charlotte, Chicago, Cleveland, Columbus, Denver, Detroit, Jacksonville, Las Vegas, Los Angeles, Miami, Minneapolis, Milwaukee, New York, Philadelphia, Phoenix, Sacramento, San Diego, San Francisco, San Jose, Seattle, St. Louis, Tampa and Washington, D.C.

Historical data on the 25-MSA Composite Index spans from January 2000 to the present.  

Radar Logic, with which CFE entered into a licensing agreement earlier this year, is a real estate data and analytics company that calculates residential property indexes on the U.S. housing market as a whole, on U.S. geographical regions and on 25 individual U.S. metropolitan areas. Unlike other housing price indicators, Radar Logic’s real estate index values are published daily (versus monthly or quarterly) and include all types of home-sale closings — single- and multiple-family homes, new-home sales, existing home sales, and homes that do not conform to federal loan limits.  This offers a comprehensive picture of national residential real estate values.

Potential users and applications of the 25-MSA Composite Index futures could include:

• Mortgage lenders: Seeking protection against diminishing loan-to-value ratios in existing and new lending portfolios.
• Fixed-income investors: Seeking to replicate real estate returns by combined use of futures and credit instruments.
• Developers: Seeking to hedge against either rising values of real estate they plan to own or declining real estate values for owned developments under construction.  
• Insurers: Seeking to create a type of “home equity insurance” by protecting lenders from unwanted real estate exposure due to mortgage defaults and property casualty insurers from replacement cost inflation.

For RPXPC product information, see CFE Regulatory Circular CFERG11-029 at   http://cfe.cboe.com/aboutcfe/regcirc.aspx. Additional information on RPX can be found at www.cboe.com/RPX. CFE’s listing of RPX futures remains subject to regulatory approval.

About CBOE Futures Exchange (CFE)
CFE, a wholly owned subsidiary of CBOE Holdings, Inc. (NASDAQ: CBOE), offers an all-electronic, open-access market model, with traders providing liquidity and making markets.  CFE trades are cleared by the OCC. CBOE Futures Exchange is regulated by the Commodity Futures Trading Commission (CFTC). More information on CFE and its products, including contract specifications, can be found at: http://cfe.cboe.com/

CFE currently offers five different contracts:  CBOE Volatility Index (VIX) futures, Mini VIX (VM) futures, CBOE Gold ETF Volatility Index futures (GVZ), CBOE S&P 500 3-Month Variance futures (VT) and Weekly Options on Mini VIX futures (VOW).    

About Radar Logic Incorporated
Radar Logic Incorporated, a real estate data and analytics company, calculates and publishes the Radar Logic Daily™ Prices. The prices track housing values for major U.S. metropolitan areas and are the basis of the Residential Property Index™ (RPX™), a market that enables real estate to be traded as a liquid asset, via property derivatives marketed by major financial institutions. RPX allows real estate and financial professionals to manage opportunity and risk, invest in real estate values without owning physical assets and effectively analyze markets using a consistent metric: price per square foot. For more information on Radar Logic and RPX indexes, including licensed dealers, please see www.radarlogic.com.  Please click on the links below for discussion of disclosures and disclaimers regarding the RPX Indexes:

GENERAL DISCLOSURES & DISCLAIMER
MSA DISCLOSURES

CBOE-EF

Trading futures involves the risk of loss, including the possibility of loss greater than your initial investment. CBOE®, Chicago Board Options Exchange®, CFE®, CBOE Volatility Index® and VIX® are registered trademarks, and CBOE Futures Exchange(SM), GVZ(SM), VOW(SM) and Weeklys(SM) are servicemarks of Chicago Board Options Exchange, Incorporated (CBOE).  Standard & Poor’s®, S&P® and S&P 500® are registered trademarks of Standard & Poor’s Financial Services, LLC, and have been licensed for use by CBOE.

SOURCE CBOE Futures Exchange, LLC

http://www.cfe.cboe.com

CBOE Futures Exchange (CFE) to Launch Futures on Radar Logic 28-Day Real Estate Index This Fall | Chicago Press Release Services - Chicago's leading press release newswire service; professional press release services, press release distribution and newswire services.

CHICAGO, Sept. 14, 2011 /CHICAGOPRESSRELEASE.COM/ — The Citizens Utility Board (CUB) has joined Gov. Pat Quinn and the Illinois Commerce Commission (ICC) in a campaign to educate consumers on how they can get affordable telephone service.

Gov. Quinn has issued a proclamation declaring September 12-18 Lifeline Awareness Week in Illinois. Lifeline and Link-Up are two programs that provide phone installation and billing discounts for eligible low-income consumers. In addition to those discounts, CUB has found that all callers—no matter their income level—can save an additional $200 a year, on average, by choosing the right calling plan.

The CUB-designed AT&T Consumer’s Choice plans, which cost between about $3 and $20 per month, were designed by the consumer group to fit the needs of the average Illinois caller. As a result of the Illinois Telecommunications Act, the plans’ prices are frozen through at least June of 2013 and are available to all AT&T landline customers in Illinois, regardless of income. Consumers can find more information on the Consumer’s Choice plans and other money-saving tips at CUB’s Phone Savings Center, at www.CitizensUtilityBoard.org.

“Too many consumers are paying bloated phone bills filled with features and services they never use,” CUB Executive Director David Kolata said. “But the Lifeline and Link-Up discounts, combined with the low-cost Consumer’s Choice calling plans, make it easier for all Illinois consumers to stay connected. That’s vital in today’s fast-paced society.”

Consumers may be eligible for telecommunications assistance if they currently participate in assistance programs including Medicaid, Food Stamps, Supplemental Security Income (SSI), federal public housing assistance, Low-Income Home Energy Assistance Program (LIHEAP), Temporary Assistance to Needy Families (TANF) or the National School Lunch Program’s Free Lunch program.

CUB urges income-eligible residents to stay connected to community resources and emergency services through the federal Lifeline program, which provides a basic telephone service discount of up to $10 per month. Link-Up helps income-eligible consumers begin telephone service.  The program pays one-half (up to a maximum of $30) of the initial installation fee for a traditional, landline telephone or activation fee for a wireless telephone for a primary residence.  

Illinois households may apply for the telecommunications assistance program by contacting their local phone provider. A list of telecommunications companies offering the service is on the ICC website at: http://www.icc.illinois.gov/Consumer/LifelineAndLinkUp.aspx

CUB is Illinois’ leading nonprofit utility watchdog organization. Created by the Illinois Legislature, CUB opened its doors in 1984 to represent the interests of residential and small-business utility customers. Since then, CUB has saved consumers more than $10 billion by helping to block rate hikes and secure refunds over the years. For more information, call CUB’s Consumer Hotline at 1-800-669-5556 or visit CUB’s award-winning website, www.CitizensUtilityBoard.org.

SOURCE Citizens Utility Board

http://www.citizensutilityboard.org

In ‘Lifeline Awareness Week,’ Cub Urges Callers To Get Telecom Assistance, Sign Up For Low-Cost Plans | Chicago Press Release Services - Chicago's leading press release newswire service; professional press release services, press release distribution and newswire services.

NAPERVILLE, Ill., Aug. 29, 2011 /CHICAGOPRESSRELEASE.COM/ — Nalco Holding Company (NYSE: NLC), announced today that is has received notice from the United States Federal Trade Commission of early termination of the waiting period under the Hart Scott Rodino Antitrust Act of 1976 in connection with the previously announced merger of Nalco and Ecolab Inc. (NYSE: ECL). The merger agreement is subject to customary regulatory and shareholder approvals and is expected to close in the fourth quarter of 2011.

(Logo:  http://photos.CHICAGOPRESSRELEASE.COM.com/prnh/20101231/NALCOLOGO)

About Nalco

Nalco is the world’s largest sustainability services company focused on industrial water, energy and air applications; delivering significant environmental, social and economic performance benefits to our customers. We help our customers reduce energy, water and other natural resource consumption, enhance air quality, minimize environmental releases and improve productivity and end products while boosting the bottom line. Together our comprehensive solutions contribute to the sustainable development of customer operations. Nalco is a member of the Dow Jones Sustainability World and North America Indexes. More than 12,000 Nalco employees operate in 150 countries supported by a comprehensive network of manufacturing facilities, sales offices and research centers to serve a broad range of end markets. In 2010, Nalco achieved sales of $4.25 billion. For more information visit www.nalco.com.

Follow us on Twitter at www.twitter.com/Nalco_News and www.twitter.com/NalcoCompany.

This news release includes forward-looking statements, reflecting current analysis and expectations, based on what are believed to be reasonable assumptions. Forward-looking statements may involve known and unknown risks, uncertainties and other factors, which may cause the actual results to differ materially from those projected, stated or implied, depending on many factors, including, without limitation: ability to generate cash, ability to raise capital, ability to refinance, the result of the pursuit of strategic alternatives, ability to execute work process redesign and reduce costs, ability to execute price increases, business climate, business performance, economic and competitive uncertainties, higher manufacturing costs, reduced level of customer orders, changes in strategies, risks in developing new products and technologies, environmental and safety regulations and clean-up costs, foreign exchange rates, the impact of changes in the regulation or  value of pension fund assets and liabilities, changes in generally accepted accounting principles, adverse legal and regulatory developments, including increases in the number or financial exposures of claims, lawsuits, settlements or judgments, or the inability to eliminate or reduce such financial exposures by collecting indemnity payments from insurers, the impact of increased accruals and reserves for such exposures, weather-related factors, and adverse changes in economic and political climates around the world, including terrorism and international hostilities, and other risk factors identified by the Company. Accordingly, there can be no assurance that the Company will meet future results, performance or achievements expressed or implied by such forward-looking statements. This paragraph is included to provide safe harbor for forward-looking statements, which are not generally required to be publicly revised as circumstances change, and which the Company does not intend to update.

Cautionary Statements Regarding Forward-Looking Information

This communication contains certain statements relating to future events and our intentions, beliefs, expectations and predictions for the future which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Words or phrases such as “will likely result,” “are expected to,” “will continue,” “is anticipated,” “we believe,” “we expect,” “estimate,” “project,” “may,” “will,” “intend,” “plan,” “believe,” “target,” “forecast” (including the negative or variations thereof) or similar terminology used in connection with any discussion of future plans, actions or events generally identify forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding benefits of the merger, integration plans and expected synergies, the expected timing of completion of the merger, and anticipated future financial and operating performance and results, including estimates for growth. These statements are based on the current expectations of management of Nalco Holding Company (“Nalco”) and Ecolab Inc. (“Ecolab”), as applicable. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements included in this communication. These risks and uncertainties include (i) the risk that the stockholders of Nalco may not adopt the merger agreement, (ii) the risk that the stockholders of Ecolab may not approve the issuance of Ecolab common stock to Nalco stockholders in the merger, (iii) the risk that the companies may be unable to obtain regulatory approvals required for the merger, or that required regulatory approvals may delay the merger or result in the imposition of conditions that could have a material adverse effect on the combined company or cause the companies to abandon the merger, (iv) the risk that the conditions to the closing of the merger may not be satisfied, (v) the risk that a material adverse change, event or occurrence may affect Nalco or Ecolab prior to the closing of the merger and may delay the merger or cause the companies to abandon the merger, (vi) the risk that an unsolicited offer by another company to acquire shares or assets of Nalco or Ecolab could interfere with or prevent the merger, (vii) problems that may arise in successfully integrating the businesses of the companies, which may result in the combined company not operating as effectively and efficiently as expected, (viii) the possibility that the merger may involve unexpected costs, unexpected liabilities or unexpected delays, (ix) the risk that the credit ratings of the combined company or its subsidiaries may be different from what the companies currently expect, (x) the risk that the businesses of the companies may suffer as a result of uncertainty surrounding the merger and (xi) the risk that disruptions from the transaction will harm relationships with customers, employees and suppliers.  

Other unknown or unpredictable factors could also have material adverse effects on future results, performance or achievements of Nalco, Ecolab and the combined company. For a further discussion of these and other risks and uncertainties applicable to the respective businesses of Nalco and Ecolab, see the Annual Reports on Form 10-K of Nalco and Ecolab for the fiscal year ended December 31, 2010 and the companies’ other public filings with the Securities and Exchange Commission (the “SEC”). These risks, as well as other risks associated with the merger, will be more fully discussed in the joint proxy statement/prospectus that will be included in the Registration Statement on Form S-4 that Ecolab will file with the SEC in connection with the merger. In light of these risks, uncertainties, assumptions and factors, the forward-looking events discussed in this communication may not occur. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this communication. Neither Nalco nor Ecolab undertakes, and each of them expressly disclaims, any duty to update any forward-looking statement whether as a result of new information, future events or changes in their respective expectations, except as required by law.

Additional Information and Where to Find it

Ecolab will file with the SEC a registration statement on Form S-4 that will include a joint proxy statement of Nalco and Ecolab that will also constitute a prospectus of Ecolab relating to the proposed transaction.  WE URGE INVESTORS AND SECURITY HOLDERS TO READ THE REGISTRATION STATEMENT AND JOINT PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION about Nalco, Ecolab and the proposed merger. Investors and security holders will be able to obtain these materials (when they are available) and other documents filed with the SEC free of charge at the SEC’s website, www.sec.gov. In addition, copies of the registration statement and joint proxy statement/prospectus (when they become available) may be obtained free of charge by accessing Nalco’s website at www.nalco.com by clicking on the “Investors” link and then clicking on the “SEC Filings” link or by writing Nalco at 1601 West Diehl Road, Naperville, Illinois 60563, Attention: Corporate Secretary or by accessing Ecolab’s website at www.ecolab.com by clicking on the “Investor” link and then clicking on the “SEC Filings” link or by writing Ecolab at 370 Wabasha Street North, Saint Paul, Minnesota, 55102, Attention: Corporate Secretary and security holders may also read and copy any reports, statements and other information filed by Nalco or Ecolab with the SEC, at the SEC public reference room at 100 F Street, N.E., Washington, D.C. 20549. Please call the SEC at 1-800-SEC-0330 or visit the SEC’s website for further information on its public reference room.

Participants in the Merger Solicitation

Nalco, Ecolab and certain of their respective directors, executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. Information regarding Nalco’s directors and executive officers is available in its proxy statement filed with the SEC by Nalco on March 14, 2011 in connection with its 2011 annual meeting of shareholders, and information regarding Ecolab’s directors and executive officers is available in its proxy statement filed with the SEC by Ecolab on March 18, 2011 in connection with its 2011 annual meeting of shareholders. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the registration statement and joint proxy statement/prospectus and other relevant materials to be filed with the SEC when they become available.

Non-Solicitation

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

SOURCE Nalco Company

http://www.nalco.com

Nalco Holding Company Receives Early Termination of HSR Waiting Period for Merger with Ecolab | Chicago Press Release Services - Chicago's leading press release newswire service; professional press release services, press release distribution and newswire services.

CHICAGO – August 2, 2011. Governor Pat Quinn today signed “Zach’s Law” requiring all movable soccer goals manufactured and sold in the state of Illinois to be tip-resistant. House Bill 1130, the Moveable Soccer Goal Safety Act, will also require organizations that own moveable soccer goals to create soccer goal safety and education policies.

“Improperly secured soccer goals present a serious threat to our athletes, especially children,” Governor Quinn said. “Illinois is leading the nation in recognizing and preventing these types of safety concerns. I’m proud to sign “Zach’s Law” today, and help improve soccer safety in Illinois.”

On October 1, 2003, six-year-old Zachary Tran of Vernon Hills was at soccer practice when an improperly-secured 184-pound metal soccer goal fell, striking his head. He later died of his injuries. Zach’s death was the 27th death reported in the United States from a falling goal post since 1979.

The legislation requires that soccer goals with inside measurements between 6.5 to 8-feet high and 18 to 24-feet wide must conform to tip-resistant standards set by the American Society for Testing and Materials. Additionally, the Illinois Department of Public Health will post soccer goal safety guidelines from the American Society for Testing and Materials and the Consumer Product Safety Commission on its website by June 2012.

Illinois is the first state to ban the manufacture and sale of soccer goals that do not meet new tip-resistant standards. This is the most recent in a series of public safety laws signed by Governor Quinn. In June, the Governor signed HB 219 requiring all passengers in a vehicle to wear a seatbelt, and last week signed HB 200 to protect Illinois’ student-athletes from concussions and other brain injuries.

Zach’s parents, Michelle and Jayson Tran, created the Zachary Tran Memorial Fund, as well the ‘Anchored for Safety’ initiative to educate parents and organizations on proper anchoring of movable soccer goals.

House Bill 1130, sponsored by Rep. Carol Sente (D-Vernon Hills) and Sen. Terry Link (D-Lake Bluff) goes into effect immediately. The ban on the manufacture or sale of non-tip-resistant movable soccer goals begins Aug. 2, 2012.

Governor Quinn Signs “Zach’s Law” for Movable Soccer Goal Safety – Law Requires Soccer Goals be Designed to Resist Tipping | Chicago Press Release Services - Chicago's leading press release newswire service; professional press release services, press release distribution and newswire services.

CHICAGO, June 27, 2011 /CHICAGOPRESSRELEASE.COM/ — On June 23, 2011, the Securities Exchange Commission (“SEC”) promulgated Final Rule 275.202(a)(11)(G)-1 (“Final Rule”) defining the term “family offices” for purposes of excluding certain family offices from the registration requirements of the Investment Advisers Act of 1940 (“Advisors Act”) as amended last July by the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”).

(Logo:  http://photos.CHICAGOPRESSRELEASE.COM.com/prnh/20100429/CG95838LOGO)

The Dodd-Frank Act repealed the private adviser exemption under Section 203(b)(3) of the Advisors Act which most family offices had previously relied upon to avoid registration.  Family offices were hoping to rely upon a new exemption for “family offices” under the Dodd-Frank Act, but were waiting on the SEC to provide further guidance as to who would qualify as a “family office.”  Last year the SEC issued proposed rules that specifically excluded multi-family offices from the definition of a family office and very narrowly defined the term family office.

In response to commentary provided to the SEC, the final rules broadened the scope of who would qualify as a family office, but continued to exclude multi-family offices from the definition.  Under the final rules, a single non-family investor can trigger a registration requirement under the Advisors Act. “Although the SEC has done a good job of providing clear guidance as to who qualifies as a family office, the final rules are not favorable to most family office structures,” said Steven J. Thayer of Handler Thayer, LLP.  Thayer further stated that “it’s not uncommon to find families pooling investment funds to make joint investments with other families or individuals.”  Thayer stated that “many family offices will now have to look to other exemptions to avoid registration under the Advisors Act.”  The SEC simultaneously issued final rules for venture capital funds and certain private investment funds.  ”Each of these exemptions are also narrowly crafted and should not be taken for granted.  A detailed analysis of each investment advisory arrangement is now required before you can make a determination of whether or not you need to be registered,” Thayer said.  

The Final Rule adopted by the SEC defines a family office as a company that: (a) has no clients other than family clients; (b) is wholly owned and exclusively controlled by family members or family entities; and (c) does not hold itself out to be an investment adviser. The term family client includes family members (defined as all lineal descendants, including adopted, step and foster children, of a common ancestor who may be living or deceased, and such lineal descendants’ spouses or spousal equivalents; provided that the common ancestor is no more than 10 generations removed from the youngest generation), key employees and various types of non-profit organizations, trusts and companies that are funded by, created for the exclusive benefit of, or controlled by family members.

The SEC is delaying enforcement of the registration requirements in certain instances until March 30, 2012, for family offices that were previously relying on the private adviser exemption from the Advisers Act.  The SEC also chose not to revoke previous no action letters that provided exemptions to certain family offices on a case-by-case basis.  Any family office that would be a family office but for it having one or more non-profit organizations that have received funding from sources other than family clients may be able to rely upon the family office exemption until December 31, 2013.  In certain instances, when a family office fails to qualify due to the death of a family member or key employee, the family has up to one year to either come into compliance or face registration.  The spirit of the new rules is clearly to require registration in most instances, except for the narrowly crafted exemptions.

For more information on the final rules or for a complete copy of these rules see http://www.sec.gov/rules/final/2011/ia-3220.pdf.

About Handler Thayer, LLP

Handler Thayer, LLP is one of the premier private client law firms in the U.S. Its national and international practice, based out of Chicago, Illinois, utilizes interdisciplinary teams of advanced planning attorneys. Handler Thayer, LLP is dedicated to providing distinctive, technologically-current and responsive services to affluent families, privately held businesses and family offices. The firm’s practice is concentrated in Corporate, Real Estate and Securities Law, Sports & Entertainment Law, Federal, State and International Taxation, Trusts & Estates and Financial & Estate Planning. Firm clientele include foundations, multinational corporations, professional athletes, prominent entrepreneurs, celebrities and family offices.

Available Topic Expert(s): For information on the listed expert(s), click appropriate link.

Steven Thayer

http://www.profnetconnect.com/steven_thayer

SOURCE Handler Thayer, LLP

http://www.handlerthayer.com

Handler Thayer Family Office Alert | Chicago Press Release Services - Chicago's leading press release newswire service; professional press release services, press release distribution and newswire services.

April 7, 2011

Originally reported by Illinois Statehouse News. Read the original article here.

Political fight over Quinn human rights pick | Chicago Press Release Services - Chicago's leading press release newswire service; professional press release services, press release distribution and newswire services.

CHICAGO – March 17, 2011. Governor Pat Quinn today announced several administration appointments. Today’s actions are the next step in a series of appointments Governor Quinn will make throughout the first quarter of 2011 as he continues to fulfill his commitment to creating jobs, recovering our economy and making state government more efficient and accountable to the people of Illinois.

Today, the Governor named Illinois Housing Development Authority (IHDA) Executive Director Gloria L. Materre as the Executive Director of the Illinois Liquor Control Commission (ILCC). She will be responsible for implementing decisions on licensing, disciplinary measures and policy determinations of the seven-member Commission. ILCC also oversees enforcement of laws prohibiting underage alcohol and cigarette sales. Materre replaces Lainie Krozel, who will return to her prior position as Chief of Staff for the Illinois Department of Revenue (IDOR).

“An experienced attorney, Gloria brings the vital skills needed to take on this new role and continue serving the State of Illinois. Her strong working relationship with the public and business community will be a true asset at the ILCC,” said Governor Quinn “I also want to thank Lainie Krozel for her excellent work at the ILCC, and for her continued service at the Department of Revenue.”

Materre has served as the Executive Director of IHDA since September 2009. As the Executive Director, she coordinated the state’s efforts to finance the creation and preservation of affordable housing for low-and moderate-income residents in Illinois. Prior to taking that post, Materre served as deputy chief of staff under Governor Quinn, playing an instrumental role in housing initiatives, legislative matters, economic and business development and community stabilization.

Materre has an extensive legal background in real estate and business transactions, as well as other professional experience. She was principal of Materre and Associates, P.C. for more than 13 years. Materre holds a bachelor’s degree in journalism from the University of Wisconsin-Madison, and a law degree from the University of Illinois College of Law.

Prior to leading ILCC, Krozel also served as Chief of Staff at the Illinois Department of Revenue since 2007, before becoming the Acting and then permanent Executive Director of the ILCC. Throughout her term at ILCC, she also served as the acting Chief of Staff at IDOR.

Governor Quinn Appoints New Executive Director at Illinois Liquor Control Commission – IHDA Director Materre Appointed to ILCC, Krozel returns to IDOR | Chicago Press Release Services - Chicago's leading press release newswire service; professional press release services, press release distribution and newswire services.

March 8, 2011

Originally reported by Illinois Statehouse News. Read the original article here.

Surcharge on electricity bills could be coming | Chicago Press Release Services - Chicago's leading press release newswire service; professional press release services, press release distribution and newswire services.

By Benjamin Yount   Illinois Statehouse News

SPRINGFIELD —  Less than a year after getting a $4-million rate hike, Ameren Illinois is back asking for more.

Downstate Illinois’ largest utility has filed the paperwork with the Illinois Commerce Commission for more than $100 million in delivery rate increases.  Ameren is asking for  $51 million in what it calls “cost recovery” for natural gas delivery service and another $60 million in “cost recovery” for its electric delivery service.

Ameren officials said in a statement that the rate increases are necessary. Delivery rate charges make up about 30 percent of monthly utility bills.

“We are sensitive to the impact that any delivery service rate increase may have on our customers,” said Craig Nelson, senior vice president of Ameren Illinois. “However, we must have the financial ability to provide a safe and reliable energy delivery system that will accommodate future economic growth and development.”

The Commerce Commission will begin what can be a long-process of review. Both the ICC and Ameren expect it will be at least 11 months before anything is decided. The utility said it will be at least 2012 before customers would see the new, higher rates.

But Ameren customers just saw their power bills go up. The ICC OK’d a $4-million rate increase for Ameren electric customers last April. The company wanted $160 million, but Illinois regulators said Ameren could not make the case for such a large increase. 

And consumer watchdogs and lawmaker are not sure the utility will be able to make the case this year, either.

State Rep. John Bradley, D-Marion, said he can’t support Ameren’s request. 

“This company is doing pretty well,” said Bradley “This is not a situation where the money will end up with employees or infrastructure. This looks like it’s going to go straight to bottom-line profit.”

Bradley was one of the key players in the 2007 settlement between Illinois and its major utilities. He is quick to say that many people, particularly in southern Illinois, still remember the shockingly high electric bills they received after the state’s electric rate freeze expired.  

The Citizen’s Utility Board remembers the hot summer of ’07 as well. And Dave Kolata, who works with the watchdog group, said they also remember Ameren’s case for a rate hike last time around. He said not much could have changed since then.

“I think consumers have reason to be skeptical about this rate hike request. The bottom line is Ameren’s Illinois profits have doubled over the last year.  This is a corporation that is doing very well overall,” said Kolata. 

But Ameren is not the only Illinois utility asking for more.  A number of others, including the Chicago-area’s largest electricity provider Commonwealth Edison Co., have either asked the ICC or the General Assembly for permission to increase rates. Kolata said that’s not gone unnoticed.

“It’s like open season on consumers,” he said. “We haven’t seen this type of activity in a long time. It seems like there are rate increase requests coming from left, right, and center.”

If there is something going on, State Sen. John O. Jones, R-Mount Vernon, wants to know.

“Are the generation plants costing them more money?” Jones asked. “Are they paying more money to get the electricity to pass on to the consumer?  What is going on? Is there something out there driving up their costs that we aren’t being told.”

Jones said that until he hears a good reason from Ameren, he cannot support a rate increase.

“It’s something that the (ICC) is going to really have to take a serious look at. And if they approve a rate increase, it would surprise me at this point and time,” said Jones

Attorney General Lisa Madigan on Friday came out against Ameren’s hike request..

“Ameren’s last rate case ended just a few months ago. The companies had rate increases in 2008 and 2010. Asking consumers to bear yet another increase is something we will investigate thoroughly,” Madigan spokesperson Robyn Ziegler said in an e-mail to Illinois Statehouse News. “The Attorney General’s office will do everything we can to protect Ameren customers from these relentless requests for rate increases. This latest demand for higher rates is even more disturbing given the fact that they are currently seeking legislation in the Illinois General Assembly that would allow automatic annual rate increases going forward.”

Ameren Illinois delivered its rate request and support documents to the Illinois Commerce Commission headquarters in Springfield on Friday.

Originally reported by Illinois Statehouse News. Read the original article here.

Ameren asks ICC for electric, gas delivery charge hikes | Chicago Press Release Services - Chicago's leading press release newswire service; professional press release services, press release distribution and newswire services.

CHICAGO, Feb. 15, 2011 /CHICAGOPRESSRELEASE.COM/ — Peoples Gas today asked for a $120 million per year rate hike—its third request for an increase since 2007. It was only 13 months ago that the company was granted an increase of about $70 million. Now, as its customers struggle to pay higher heating bills, Peoples Gas is back asking for more, despite receiving about $140 million in rate hikes the last few years. 

This proposed increase appears to be twice as punishing on consumers as the company’s last increase, slamming them with $108 a year in extra costs. North Shore Gas, which is asking for a $9 million increase, would hit its customers with $36 a year in extra costs. 

CUB will analyze every detail of Peoples’ rate-hike request and we will fight every unjustified penny. 

The Illinois Commerce Commission (ICC) will rule on the Peoples/North Shore request after an 11-month case. 

These “delivery” rate hikes would increase what the companies charge to deliver gas to homes. Those charges take up about a third of a gas bill. The other two-thirds, roughly, is taken up by the price of the actual gas. 

CUB is Illinois’ leading nonprofit utility watchdog organization. Created by the Illinois

Legislature, CUB opened its doors in 1984 to represent the interests of residential and small-business utility customers. Since then, CUB has saved consumers more than $10 billion by helping to block rate hikes and secure refunds over the years. For more information, call CUB’s Consumer Hotline at 1-800-669-5556 or visit CUB’s award-winning website, www.CitizensUtilityBoard.org.

SOURCE Citizens Utility Board

http://www.citizensutilityboard.org

Statement By CUB Executive Director David Kolata on the Peoples/North Shore Gas Rate Hike | Chicago Press Release Services - Chicago's leading press release newswire service; professional press release services, press release distribution and newswire services.

CHICAGO – February 14, 2011. Governor Pat Quinn today kicked off the week of the fiscal year 2012 budget address by signing Senate Bill 3778, which will save taxpayers millions annually by retooling the Seniors Ride Free program.

“This reform sets the standard we must meet for state programs by reducing costs while also ensuring transportation services for our most dependent seniors,” Governor Quinn said. “To start off a week that will highlight important budget reforms, we’re taking important steps to ensure our state transit programs are fiscally responsible but also accessible to the riders who depend on them.”

Senate Bill 3778, sponsored by Sen. Donne Trotter (D-Chicago) and Rep. Barbara Flynn Currie (D-Chicago), scales back the Seniors Ride Free program by providing a 50 percent discount on state transit to all senior citizens. Previously, all seniors received a free fare. The new law is estimated to save more than $30 million, and almost 60 percent of the seniors currently riding for free will still be eligible to ride without charge.

Free rides will be available to seniors who meet specific financial requirements. A one-person household with an annual income of $27,610 or less will still be eligible for the free fare, as will a two-person household earning less than $36,635 and households of three or more earning $45,657 or less.

Governor Quinn also signed Senate Bill 3965 today, which brings oversight of the regional transit boards under the jurisdiction of the Executive Inspector General and Executive Ethics Commission. The bill, sponsored by Sen. Susan Garrett (D-Lake Forest) and Rep. Jack Franks (D-Marengo), requires each regional inspector general to submit a monthly report to the Executive Inspector General which will outline, among other things, the agency’s reported complaints, as well as investigation status and outcomes. The Executive Inspector General will work to detect and prevent fraud and mismanagement at all levels of the transit agencies.

Senate Bill 3778 goes into effect immediately. Senate Bill 3965 has an effective date of July 1.

Governor Quinn Signs Legislation to Reform Statewide Transit – Reforms Will Save Millions; Still Ensure Quality, Accessibility | Chicago Press Release Services - Chicago's leading press release newswire service; professional press release services, press release distribution and newswire services.

SPRINGFIELD – In January the Illinois Liquor Control Commission (ILCC) conducted compliance checks around the state and visited 125 businesses licensed to sell liquor.  They cited 21 licensees for violations of liquor control laws.  Eighty-three percent of the licensees visited complied with Illinois liquor laws and refused to serve underage customers.

This report is a result of ongoing undercover and cooperative law enforcement operations conducted by Illinois Liquor Control Commission (ILCC) agents and local law enforcement officials and volunteers from high schools and colleges.  In their sweeps during the fall, after the winter break and before the end of the school year, ILCC agents partner with local law enforcement agents for Operation Back to School.  Many of the enforcement sweeps in January were part of this initiative. The teams randomly visit liquor stores, restaurants and bars in communities around the state to check for ongoing compliance with state laws mandating that no liquor is sold to minors under the age of 21. ILCC agents also work with local and state law enforcement agents to focus on communities with a high incidence of underage liquor sales.

Champaign – On January 27, 2011, an ILCC Special Agent assisted by the Champaign Police Department conducted an Underage Compliance Check of 15 businesses in Champaign. Two of the targeted business failed.  The licensees that failed were:

• Ko Fusion, 1 Main, Champaign
• The Clybourne,708 S. 6th St., Champaign

DeKalb – On January 26th, 2011 Special Agents from the ILCC and the DeKalb Police Department conducted underage alcohol compliance checks in DeKalb. This was in conjunction with the Back to School Operation plan. There were a total of 15 licensees checked and one sold alcohol to ILCC underage participants. That licensee was:

• Molly’s Pub & Bottle Store, 1022 W. Hillcrest Dr., DeKalb

Edwardsville – On January 27, 2011, an ILCC Special Agent assisted by ISP District 11 conducted an Underage Compliance Check at 14 businesses in Edwardsville.   One of the targeted businesses failed.  The licensee that failed was:

• Bull & Bear Grill & Bar, 1071 S. 157, Edwardsville

Jackson County – On January 27, 2011, an ILCC Special Agent assisted by ISP District 13 conducted an Underage Compliance Check at 15 businesses in Carbondale and Murphysboro.  Four of the targeted businesses failed.  The licensees that failed were:

• Gatsby’s II, 610 South Illinois, Carbondale
• Tequila’s Mexican Restaurant #6, 100 N. Glenview Drive, Carbondale
• Marathon, 1501 Walnut Ave., Murphysboro
• B & W Lounge   12 North 13th Street, Murphysboro

Kankakee County – On January 27th, 2011 Special Agents of the ILCC and ISP District # 21 conducted alcohol underage compliance checks in Kankakee County. This was in conjunction with the Operation Back to School plan. Of the nine licensees checked two sold alcohol to ILCC underage participants. Those licensees were:

• Applebee’s, 1040 N. Kinzie, Bradley
• Vito’s Pub, 1887 Armour Rd., Bourbonnais

McDonough County – On January 27th, 2011 Special Agents from the ILCC and ISP District # 14 conducted underage alcohol compliance checks in McDonough County. This was in conjunction with the Operation Back to School plan. Of the 14 licensees checked two sold alcohol to the ILCC underage participants. Those licensees were:

• Casey Retail Company, 155 W. Jackson, Macomb
• Minit Stop Convenient Mart, 400 E. Washington, Blandinville

Moultrie County – On January 27th, 2011 Special Agents of the ILCC and ISP District # 10 conducted underage alcohol compliance checks in Moultrie County. Of the fifteen licensees checked, one sold alcohol to ILCC underage participants. That licensee was:

• Shamrock Pub, Old RT # 121, Dalton City

Urbana – On January 19, 2011, an ILCC Special Agent assisted by two Urbana Police Officers conducted an Underage Compliance Check at 14 businesses in Urbana. Four of the targeted businesses failed.  Those licensees were:

• Red Star Liquors 114 S. Race St, Urbana
• Miko Restaurant, 407 W. University, Urbana
• Cocina Real Mexican Restaurant, 1106 W. University, Urbana
• Circle K #94, 1821 S. Philo Rd., Urbana

Winnebago County – On January 21st, 2011 LCC Special Agents and the Illinois State Police District 16 conducted underage alcohol compliance checks in the Rockford area.  This was part of Operation Back to School.  There were 14 licensees checked and four sold alcohol to LCC underage participants. Those licensees that sold to the underage participants were:

• Springfield Petroleum, 453 N. Springfield, Rockford
• Laredo, 1634 S. Main St., Rockford
• B.P. Gas Station, 4477 Linden Rd., Rockford
• Alpine Marathon, 3299 S. Alpine St., Rockford

For information about the disposition of cases resulting from previous compliance checks, please visit the Illinois Liquor Control Commission’s website.

Liquor Control Commission January Underage Compliance Report | Chicago Press Release Services - Chicago's leading press release newswire service; professional press release services, press release distribution and newswire services.

Orthopaedic surgeons offer snow removal safety tips

ROSEMONT, Ill., Dec. 29, 2010 /CHICAGOPRESSRELEASE.COM/ – Snow shoveling tends to be an unpleasant task—this mundane seasonal chore combines heavy lifting and cold weather, resulting in possible injuries to the back, shoulder muscles if shovelers do not take the proper precautions. The American Academy of Orthopaedic Surgeons (AAOS) has recommendations to help you stay safe while clearing snow so you can still have some winter fun.

According to the U.S. Consumer Products Safety Commission:

• In 2008, more than 70,000 people were treated in hospital emergency rooms, doctors’ offices, clinics and other medical settings for injuries sustained while shoveling or otherwise removing ice and snow manually.
• In that same year, nearly 15,000 people were injured when operating snowblowers.
  • Types of injuries can include sprains and strains, particularly in the back and shoulders, as well as lacerations and finger amputations.

“Shoveling snow involves a lot of bending and heavy lifting, particularly in wet, heavy snow,” says Michael F. Schafer, MD, orthopaedic surgeon and spokesperson for the AAOS. “It may be especially vigorous for people who do not regularly exercise, as their backs, shoulder and arm muscles may not be prepared for that level of activity.”

The Academy offers the following tips to prevent injuries while shoveling and using a snowblower:

• Check with your doctor. Because this activity places high stress on the heart, speak with your physician first. If you have a medical condition or do not exercise regularly, consider hiring someone to remove the snow.
• Dress appropriately. Light, layered, water-repellent clothing provides both ventilation and insulation. It is also important to wear the appropriate head coverings, as well as mittens or gloves and thick, warm socks. Take a break if you feel yourself getting too hot or too cold.
• See what you are shoveling/snow blowing. Make sure that your hat or scarf does not block your vision. Watch for ice patches and uneven surfaces. Avoid falls by wearing shoes or boots that have slip-resistant soles.
• Clear snow early and often. Begin when a light covering of snow is on the ground to avoid trying to clear packed, heavy snow.

Shoveling:

• Warm up your muscles. Shoveling can be a vigorous activity. Before you begin, warm up your muscles for 10 minutes with light exercise. Be sure to include your leg muscles—heart attacks and similar injuries are sometimes the result of working the smaller muscles of your arms and back while not using the large muscle groups of the legs.
• Pace yourself. Take frequent breaks and replenish fluids to prevent dehydration. If you experience chest pain, shortness of breath or other signs of a heart attack, seek emergency care, such as by calling 9-1-1.
• Use a shovel that is comfortable for your height and strength. Do not use a shovel that is too heavy or too long for you. Consider buying a shovel that is specially designed to prevent too much stooping. Space your hands on the tool grip to increase your leverage.
• Push the snow instead of lifting it, as much as you can. If you must lift, take small amounts of snow, and lift it with your legs: Squat with your legs apart, knees bent and back straight. Lift by straightening your legs, without bending at the waist. Then walk to where you want to dump the snow; holding a shovelful of snow with your arms outstretched puts too much weight on your spine.
• Do not throw the snow over your shoulder or to the side. This requires a twisting motion that stresses your back.

Snowblowing:

• Never stick your hands or feet in the snow blower! If snow becomes too impacted, stop the engine and wait at least five seconds. Use a solid object to clear wet snow or debris from the chute. Beware of the recoil of the motor and blades after the machine has been turned off.
• Do not leave the snow blower unattended when it is running. Shut off the engine if you must walk away from the machine.
• Watch the snow blower cord. If you are operating an electric snow blower, be aware of where the power cord is at all times, so you do not trip and fall.
• Add fuel before starting the snow blower. Never add fuel when the engine is running or hot. Do not operate the machine in an enclosed area.
• Read the instruction manual. Prior to using a snow blower, read the instruction manual for specific safety hazards, unfamiliar features, and whenever attempting to repair or maintain the snow blower.

About AAOS

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More tips on snow shoveling safety

Orthoinfo.org

SOURCE American Academy of Orthopaedic Surgeons

http://www.aaos.org

Don’t Let Snow Shoveling Ruin Your Winter Wonderland | Chicago Press Release Services - Chicago's leading press release newswire service; professional press release services, press release distribution and newswire services.

CHICAGO, Dec. 23, 2010 /CHICAGOPRESSRELEASE.COM/ — United Continental Holdings, Inc. (NYSE: UAL) today announced that it is notifying holders of the $149,646,114 outstanding principal amount of its 5% Senior Convertible Notes due 2021 (the “Notes”) that they have an option, pursuant to the terms of the Notes, to require United Continental Holdings, Inc. to purchase, on Feb. 1, 2011, all or a portion of such holders’ Notes (the “Put Option”) at a price equal to $1,000 per $1,000 principal amount of the Notes, plus any accrued and unpaid interest to, but not including, Feb. 1, 2011. Under the terms of the Notes, United Continental Holdings, Inc. has the option to pay the purchase price for the Notes with cash, stock, or a combination of cash and stock, and has elected to pay for the Notes solely with cash.

As required by rules of the Securities and Exchange Commission, United Continental Holdings, Inc. will file a Tender Offer Statement on Schedule TO later today. In addition, United Continental Holdings, Inc.’s company notice to holders (a copy of which will be attached as an exhibit to such Schedule TO) with respect to the Put Option specifying the terms, conditions and procedures for exercising the Put Option will be available through The Depository Trust Company and the paying agent, which is The Bank of New York Mellon Trust Company, N.A. None of United Continental Holdings, Inc., its board of directors, or its employees has made or is making any representation or recommendation to any holder as to whether to exercise or refrain from exercising the Put Option.

Noteholders’ opportunity to exercise the Put Option will commence on Dec. 30, 2010, and will terminate at 5:00 p.m. EST, on Jan. 31, 2011. Holders may withdraw any previously delivered purchase notice pursuant to the terms of the Put Option at any time prior to 5:00 p.m. EST, on Jan. 31, 2011.

The address of The Bank of New York Mellon Trust Company, N.A. is Corporate Trust Operations, 2 N. La Salle Street, Suite 1020, Chicago, IL 60602, Attention: Mr. Dan Donovan, Phone: (312) 827-8547, Fax: (312) 827-8542.

This press release is for informational purposes only and is not an offer to purchase, or the solicitation of an offer to purchase, the Notes.

About United Continental Holdings, Inc.

United Continental Holdings, Inc. (NYSE: UAL) is the holding company for both United Airlines and Continental Airlines. Together with United Express, Continental Express and Continental Connection, these airlines operate a total of approximately 5,800 flights a day to 371 airports on six continents from their hubs in Chicago, Cleveland, Denver, Guam, Houston, Los Angeles, New York/Newark Liberty, San Francisco, Tokyo and Washington, D.C. United and Continental are members of Star Alliance, which offers 21,000 daily flights to 1,160 airports in 181 countries. United’s and Continental’s more than 80,000 employees reside in every U.S. state and in many countries around the world. For more information about United Continental Holdings, Inc., go to UnitedContinentalHoldings.com. For more information about the airlines, see united.com and continental.com, and follow each company on Twitter and Facebook.

SOURCE United Continental Holdings, Inc.

http://www.continental.com/company/news
http://www.UnitedContinentalHoldings.com
http://www.united.com
http://www.continental.com

United Continental Holdings, Inc. Announces Put Option Notification for 5% Senior Convertible Notes Due 2021 | Chicago Press Release Services - Chicago's leading press release newswire service; professional press release services, press release distribution and newswire services.