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As a privately held company, we don't typically discuss financial matters. We are fortunate however that during this difficult and unpredictable economic time, unlike many companies, SC Johnson remains financially healthy. We continue to invest in the business to remain strong for the long term. In the end, that is what is best for the people of SC Johnson and for our community.
In fact, SC Johnson’s profitability and our balance sheet are such that we still have an A- long term debt rating, which is considered very strong. This debt rating information is publicly available so I figured I would provide it to you. Bottom line, SC Johnson remains profitable, and this is a year where we’re investing in our business.
The Racine Education Association (REA) and the Racine Unified School District (RUSD) are proud to announce an agreement has been reached between the two organizations regarding the 2009-2010 and 2010-2011 school year calendars. Negotiations between the teachers’ union and the district are still ongoing, and the School Board will hold a ratification vote on the final contract that will include the mutually agreed upon calendar upon the completion of contract negotiations.
Some of the important notable points regarding the agreed upon calendar for the 2009-2010 school year are:
- Open houses for elementary and middle school families will be held on the evening of Monday, Aug.. 31, to allow students and parents/guardians to meet teachers prior to the start of school. Open houses had previously been held at the end of September or beginning of October.
- The first day of school will be Sept. 1 which is before the Labor Day holiday. School will not be in session on Monday, Sept. 7 so staff and students can celebrate the Labor Day holiday.
- There will be no school on Monday, Jan. 18, in celebration of the Martin Luther King Jr. holiday. School will be in session on Monday, Jan. 25, which had been a Records Day in which school was not in session.
- A winter break day has been scheduled for Feb. 26. This day could be used to make up any inclement weather days.
- Schools will now have early release days for staff professional development instead of late start. On the following days all schools will release students two hours early: Sept. 18, Oct. 16, Nov. 13, Jan. 15, March 19 and May 14. In addition, elementary school students will be released three hours early on: Dec. 11 and Feb. 12 to allow for staff professional development.
- Parent teacher conferences will be held as has been past practice in November before Thanksgiving Recess, and schools will add 2nd semester parent teacher conferences in March. Parent teacher conferences for families with students in grades 4K-5 will be held on March 4 and March 5. Elementary students will be dismissed two hours early on March 4 and will not have school on March 5. Middle and high school students will have a two hour early release on March 4 to allow for parent teacher conferences.
Nicholas Whitman, executive director of the REA, stated, “The completion of the 2009-2010 and 2010-2011 calendars is a significant milestone. These calendars address many issues of considerable concern to REA’s leaders and members. The increased number of parent-teacher conferences should allow more parents to become involved in their children’s education. The early release days will allow employees access to the professional development and common planning time that are necessary to fully access the opportunities reflected in the jointly created North Star vision statement. And, the calendars provide an opportunity for REA to honor Dr. King, a legendary civil rights leader and employee rights advocate.”
Superintendent of Schools Dr. Jim Shaw said “the calendar was developed cooperatively between the REA and district representatives. The calendar is designed to improve education by increasing professional development time for staff, honoring diversity, and by responding to families’ requests to build in inclement weather days and return to early release days.”
Assembly: Rename the KRM Authority, in the Joint Finance substitute amendment, the Southeastern Regional Transit Authority (SERTA). Specify that SERTA is the only entity in Kenosha, Milwaukee, and Racine counties that could apply to the Federal Transit Administration (FTA) for federal transit funding assistance. Also, specify that the Milwaukee Transit Authority and operators of any transit system in Kenosha or Racine counties that is eligible to receive state mass transit operating assistance and develops a plan for a transit project that requires FTA approval, would be required to submit such plans and federal funding applications to SERTA, rather than directly to the FTA.Here's the Senate budget:
Increase the vehicle rental fee from $16 to $18 per rental transaction (the vehicle rental fee could continue to be indexed annually as under Joint Finance). Specify that revenues equal to the amount derived from $1 of the vehicle rental fee would be provided both to the City of Kenosha and the City of Racine for their respective transit systems if each city generates new funds to match the vehicle rental tax revenues. Specify that SERTA would only be allowed to provide Kenosha and Racine revenues from the vehicle rental fee if the cities have demonstrated that they have established a new funding source to produce matching funds for those revenues. Allow for revenues equivalent to up to $2 of the vehicle rental fee to be used for SERTA administration. Specify that the remaining revenues from the vehicle rental fee could be used for costs related to the KRM commuter rail project, including the planning, engineering, construction, maintenance, and operation of the project.
Specify that no municipality within Kenosha or Racine counties, other than the cities of Kenosha and Racine, would be allowed to have a stop on the KRM commuter rail line unless the municipality provides a sustainable funding mechanism to contribute to the existing Kenosha or Racine transit systems.
Modify the appointments to the SERTA board by specifying that the Kenosha County board chair, rather than the Kenosha County Executive, would appoint the Kenosha County member to the board.
Specify that SERTA would be an eligible applicant for the southeastern Wisconsin transit capital assistance program that would be created under the Joint Finance substitute amendment.
Require that the KRM commuter rail project include a stop in the City of Milwaukee at the intersection of Lincoln Avenue and Bay Street.
Senate: Rename the KRM Authority, as proposed in the Joint Finance substitute amendment, the Southeastern Regional Transit Authority (SERTA). Modify the appointments to the SERTA board by specifying that the Kenosha County board chair, rather than the Kenosha County Executive, would appoint the Kenosha County member to the board. Specify that SERTA would be an eligible applicant for the southeastern Wisconsin transit capital assistance program that would be created under the Joint Finance substitute amendment. Require that the KRM commuter rail project include a stop in the City of Milwaukee at the intersection of Lincoln Avenue and Bay Street.
By Senator Herb Kohl
With more than 270 million subscribers, cell phones are a vital means of communications for the vast majority of Americans. The enormous growth in the use of cell phones means that maintaining competition in this industry is more important than ever.
Cell phones enable instantaneous communications for millions wherever they are located, whether at work, at home, away from home, in their car, or anywhere in between. Many Americans – over 20% -- have now discarded traditional land line phones and depend entirely on cell phones. The ease, convenience, and universal nature of today’s cell phone service would have been unimaginable just two decades ago.
For many years as this industry developed, it was a competition success story – with many rivals and vigorous price competition. In recent years, however, the picture has changed. Consolidation has left this industry highly concentrated. Four national carriers now control over 90% of the cell phone market. AT&T and Verizon combine to have a market share of 60%. Consumers’ choices have become quite limited, and price wars seem to be a thing of the past. American consumers pay more for wireless phone service than most other developed nations – an average of $506 per year in 2007.
Nowhere is the changed market for cell phones more noticeable than in text message service. These short, instant messages delivered via cell phones have become enormously popular. In 2008, more than one trillion text messages were sent, more than triple the number just two years before. As their popularity has grown, so has the price charged on a per message basis.
From 2006 to 2008, the price of sending and receiving a text message among the four largest cell phone carriers increased by 100% -- from 10 to 20 cents per message. The four companies increased their text messaging prices in two steps -- first from 10 to 15 cents, and then from 15 to 20 cents -- within months or weeks of each other. These lockstep price increases occurred despite the fact that the cost to the phone companies to carry text messages is minimal – estimated to be less than a penny per message – and has not increased.
I convened a hearing on this issue at the Antitrust Subcommittee a few days ago to try get to the bottom of this. At the hearing, the phone companies defended these price increases by asserting that they have not been coordinated in any respect. They also pointed out that the majority of cell phone customers do not pay for text messages on a per message basis, but instead buy plans for “buckets” of text messages, typically starting at $5 for 200 messages. But is this simply a method to force consumers into expensive plans they would not have needed if the per message rate hadn’t gone up?
Nonetheless, these sharp price increases raise concerns. Are these price increases the result of a lack of competition in a highly concentrated market? Will consumers continue to see similar price increases for this and many other wireless services that they have come to increasingly depend on, such as internet connections and basic voice service? Do text message price increases represent a canary in the coal mine for the state of competition in the cell phone industry as a whole?
The concentrated nature of today’s cell phone market should make us wary of other challenges to competition in this industry. It is imperative that we work to remove undue barriers to competition to ensure consumers the best rates and services.
WASHINGTON, DC -- U.S. Senators Herb Kohl and Russ Feingold and Representatives Paul Ryan and Gwen Moore will meet with Chrysler Group LLC Deputy CEO Jim Press in Washington on Thursday, June 18th, at 2 pm eastern time regarding the future of the engine plant in Kenosha. The meeting will take place in Kohl’s Senate office in room 330 of the Hart Senate Building.
The Kenosha plant is scheduled to shut down in October of 2010. This meeting will give the delegation the opportunity to talk to Chrysler and make the case for keeping the Kenosha plant open.
Last month, Wisconsin Congressional delegation members called on the Chair of the Automotive Task Force at the Treasury Department to employ a Department of Energy (DoE) technology program to keep the Kenosha Chrysler plant open. The DoE’s Advanced Technology Vehicles Manufacturing Loan Program provides grants and low-interest loans to help U.S. automakers retool existing factories to produce fuel efficient engines and parts. Last year, Congress appropriated $25 billion for this program.
The letter our reps wrote them is here.
I believe it's within the public's interest to make these emails available to the public. If we're going to learn from Becker's mistakes, we have to bring them to light. These emails are a step toward fulfilling this critical task.I relayed your request ("all of Gary Becker's emails from his time as mayor (2003-2009)") to MIS Director Paul Ancona and he provided me with information on the process and costs. Per Mr. Ancona, the retrieval will be done from backup tapes using DAT tapes. As to the retrieval process, the department would first need to retrieve the offsite tapes and load them (1.5 hours of time). Then, they would need to go to each year-end tape, retrieve the mailboxes, go through them and retrieve Becker's mailbox. This process would take about three hours per tape (7 years x 3 hours = 21 hours). Then, they would need to read through the restored mailboxes and retrieve his e-mails, process them into a form that can be read outside of exchange, and save it to electronic format. This process would take approximately 2 hours per tape (7 years x 2 hours = 14 hours).
I would need to review all of the e-mails to prevent the release of information that may be confidential or otherwise protected by law, which is even more time-consuming than the above processes. On an estimate of 100 e-mails per day sent and received, that's about 26,100 e-mails per year (using 261 work days-subtracting the weekends). Assuming I can get through 8,700 e-mails in an 8-hour work day, I would estimate that it would take me 3 days per tape (8 hours x 3 days = 24 hours x 7 years = 168 hours). This is an extremely conservative estimate.
The cost to the city to locate this information would be $51.35 per hour for the MIS Department's time, and $50.00 per hour for the City Attorney Office's time. Wis. Stat. 19.35(3)(c) permits the city to charge the "actual, necessary and direct cost" of locating the materials if the fee is $50 or more. In this case, I estimate the actual, necessary and direct cost of locating the materials you requested to be $10,274.28 (36.5 hours x $51.35 = $1874.28; 168 hours x $50.00 = $8400.00). If it took less time, you would receive a refund; if it took more time, you would be required to pay the additional costs. If you wish to proceed with the request, we would require pre-payment of the entire estimated amount.
Best Buy is moving into the old Circuit City. It’s a smaller area, which means less rent. They’re going to scale down significantly on the amount of CDs they carry. They’re in the process of clearing out Circuit City as we speak. Just wanted to relay that on. Get it out there before the “newspaper” does.We called Best Buy and were told the move is "99.9 percent done," but it hasn't been officially decided. Employees were clearing out the Circuit City store -- they tell us they have until the end of the month to remove everything, including offices and bathrooms -- and the store's general manager is now waiting for approval on high to make the move.
The Village of Union Grove’s Downtown Revitalization received an a $250,000 Blight Elimination and Brownfield Redevelopment (BEBR) grant awarded by the Wisconsin Department of Commerce.
In 2008, the Village of Union Grove Community Development Authority (CDA) purchased several properties at the intersection of Main and Tenth Streets as the site of the first redevelopment project under the Downtown Redevelopment Plan that was created in 2005. With this grant assistance, the Village will be able to clean-up a long vacant and contaminated property, returning the site to a higher value upon completion.
Upon remediation of the site, a developer plans to construct a mixed used building that would provide ground floor retail with office space on the second floor with a second residential building to the East consisting of four apartment units.
This grant marks another significant milestone for the revitalization of Downtown Union Grove.
RCEDC plays a significant role with the Village of Union Grove in its redevelopment efforts, as well as provides financing options to businesses and developers for redevelopment projects.
“This budget that began with a $6.6 billion deficit was balanced with cuts of $3.2 billion in spending cuts, the deepest in Wisconsin history,” said Turner. Turner added that despite criticisms leveled at certain fee increases in the budget, Wisconsin’s income tax rate has remained stable at approximately 11 to 12 % over the past 40 years. “If you make less than $300,000, your income taxes are not going up. If you make more than $300,000, your taxes are still less than those in Iowa and Minnesota,” Turner stated.
Despite criticisms by Assembly Republicans that the budget contained too many tax increases in the form of fees, Turner pointed out that this budget features 2.3% in cuts in spending of state tax dollars. “During their tenure, the Assembly Republicans increased spending of state money by 74% during the 14-year Thompson administration,” Turner emphasized.
“I was somewhat surprised that many higher income people contacted me repeatedly to complain about various budget provisions, especially the language the Governor offered changing the joint and several liability law,” noted Turner. “But the bottom line is that this budget contains no general sales tax increase, no payroll tax increase, and no income tax increase for 99% of all Wisconsin residents.” Due to the many complaints that were received on the joint and several liability issue, Assembly Democrats voted to remove it from the budget. Turner said he expected that the liability issue may be reintroduced as separate legislation sometime in the future.
“I was especially proud of the passage of the KRM project in the budget,” said Turner. The plan is funded by an $18 car rental tax in Milwaukee, Racine and Kenosha Counties. Under the plan, the passenger rail will only make stops in Racine, Kenosha and Milwaukee. Other communities in the tri-county area created by the Regional Transit Authority must develop their own funding mechanisms in order to have a stop in their town or city. “I think this is a workable solution and hope that some of Racine County’s mid-size communities decide to eventually approve plans to offer rail service to their residents,” he added.
“I look forward to seeing the budget pass without too many changes in the State Senate,” said Turner. “Not everyone is going to like everything in this budget, but we protected our core Democratic values of education, job creation, public safety, and support for local communities through the shared revenue program. I believe that the Assembly put forth a very good effort in the face of immense financial distress due to the national economic collapse,” Turner concluded.