Aug 4, 2012 at 14:15:38
“July 13 Chrysler Group LLC’s factory in Belvidere, Illinois, is bustling, shipping about 300 Dodge Darts a day. A mile east on U.S. Route 20, a new restaurant has added an assembly line of its own: one that makes steak sandwiches.
Business is looking up at Fiesta Market, a grocery that had struggled during the recession, said owner Mike Bolis. In May, he added an adjoining restaurant, Fiesta Tortillas, and he has hired 15 more people to make and sell fast-food items such as Mike’s Famous Steak Sandwich.
“Hopefully, the people from Chrysler will come visit us more often,” Bolis said in a telephone interview. “I do see more people from the plant coming in. The restaurant also makes daily deliveries to the factory.
Chrysler, under the control of Italy’s Fiat SpA, has surged back to health since its 2009 bankruptcy and government bailout.
President Barack Obama touts his administration’s rescue of the industry and factory towns such as Belvidere as a crowning achievement of his first term.
Belvidere and other communities tied to the auto industry are bucking a national trend of slowing job growth. Employment in the motor vehicles and parts manufacturing sector has increased by 25 percent, or 155,400 jobs, from the industry’s lowest point in July 2009, when General Motors Co. emerged from bankruptcy protection, according to the Bureau of Labor Statistics.
“Credit Unions are not-for-profit organizations offering a wide array of financial services and they are owned by their membership. If you have an account with a credit union, you are a member and an owner. Membership is limited and you must be eligible in order to join. These requirements vary from credit union to credit union. As a member/owner, you have the right to both vote and run for the Board of Directors. You get only one vote regardless of how much money you have at the credit union and all of our directors are volunteers and receive no compensation for their service. This process guarantees that your credit union is looking out for your financial interests and not that of a small group of stockholders. Credit Unions are also regulated by the government, either Federal or State depending on their charter. Credit Unions are also federally insured (with the exception of a very small number of privately insured institutions). The federal insurance program for credit unions is the National Credit Union Share Insurance Fund (NCUSIF). This fund is arguably stronger than the banks insurance fund.”
red clavier on Mar 1, 2012 at 12:58:31
“I recently heard the head of a credit union organization on the radio.
He was concerned that the new regulations regarding how much they could charge for their cut of debit card transactions was going to negatively affect their business.
He warned that if their transaction costs were cut significantly to the level of other banks then they would no longer be able to offer totally free checking services.
Something to think about.”
getsit on Mar 1, 2012 at 12:53:37
“Agree with you totally. PEOPLE, MOVE YOUR MONEY.”
Why use Credit Unions
Why use a credit union instead of a bank? This is a common question that we are asked. To best answer this question, it is helpful to explain what both of these organizations are and are not. Credit unions and banks are both financial institutions but this is where the similarities end. Let’s first briefly explore what banks are and then move on to credit unions.
Banks are for profit, generally shareholder owned companies delivering a wide array of financial services to the public at large. Banks are regulated by either the federal government or state regulators, depending on their charter. They are federally insured through the Federal Deposit Insurance Corporation (FDIC). As a for profit organization, their overriding concern is to use their resources as efficiently as possible to maximize earnings. This means that consumers are a means to that end. It does not mean that they do not care about their customers, but it does mean that the first question they must ask is how much income can we extract from our customers without driving those that are profitable to another financial institution. Banks have become so efficient at this process that the banking industry has repeatedly set record profits year over year for the better part of the past decade.”
DSK's history proves is a predator and should be judge so.”
Laxsmi de Potrero on Aug 22, 2011 at 13:57:54
“huh? a predator? is that some sort of unspecified crime?
the line between male sexual activity and wrongful acts seems to have become blurred for you. your statement seems to mean that every woman with whom he has had sex is the victim of crime. do you really believe this?”
Ron Weaver on Aug 22, 2011 at 13:55:31
“Unless I am mistaken his past would not be questioned in court unless it was presented first by the defense. His past is not on trial here. The accuser has the burden of proof and one's past history doesn't prove anything.”