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A LIFE LINE OR AN ANCHOR

first_imgA LIFE OR AN ANCHORby GAIL RIECKEN, EDITOR OF THE CCO STATEHOUSE NEWSDiscussion over the payday lending bill, Senate Bill 613 is continuing April 9 despite Financial Institutions Committee members hearing a lot of negatives about this consumer credit bill.Groups that have testified against the bill – the Institute for Working Families, veterans, churches, community groups, and consumers- all favor seeing it die.So, why is SB 613 still alive?I imagine one reason would be the Committee Chairman is convinced that he can find the “sweet spot” that would please both sides. Another reason could be that members have heard the same comments I heard when I was a member of this Committee. The comments were: “Gail, you have to understand there are issues people have getting credit, and when they need money, more likely an emergency, there isn’t any in reserve. If you can’t pay the light or water bill if the car breaks down and you can’t get to work or there is no money to pay book rental and you don’t qualify for help or the a/c breaks down in the summertime, what choice do you have”.This may not be familiar to you and me but to families who are living one paycheck to the next, families who are at risk, it is a common fear.  People living at risk of losing everything should be a serious concern for us all. It isn’t just the right thing to be concerned, it is the smart thing.No one can feel secure about the future of our economy knowing that over 43% of people in Evansville (39% in Indiana overall) are living near or on the poverty line, people who can’t afford the basics – housing, food, high electric  and water bills, health care, child care and transportation.We can’t ignore the consequences of such a large number of people at risk.Maybe it is time that the Governor calls for a commission to develop new strategies to address families at risk, similar to his call from the comprehensive report on the status of children in the Department of Child Services. And while the government is doing more that supports our economy and results in fewer families at risk and fewer payday borrowers, you and I can do something in a small way to help.The legislature passed the law a few years back to encourage and “train”, if you will, people to save money. Called a Prize-linked savings account, it is a fun way that a family can save for an emergency.Not just for a family, the account can be for a young person starting out – a newly graduated student saving money to move to her first real job or a young person aging out of foster care saving for the deposit on his first apartment. As examples: Attached below is a news release from FORUM Credit Union in Indianapolis explaining their Prize-linked savings program.(https://www.forumcu.com/News/2019/FORUM-Credit-Union-Announces-2018-Member-Giveback)Let’s encourage more credit unions and banks to establish their “Indiana Save to Win” program and encourage more people to sign up.According to recent figures, the Indiana Save to Win program (prize-linked savings) is definitely a success.  As of the end of January, there are 20 credit unions in Indiana participating (6 of them in SW Indiana) and there have been more than 2,500 “Save to Win” accounts opened with $9.2 million saved so far. There have been almost 800 prize winners winning more than $85,000 in prize money.In Indiana, the law allows for debt reduction and financial literacy programs to be a part of any Save to Win product.Institute Senior Policy Analyst Erin Macy asked the question in her testimony before the Financial Institutions Committee last week. “ Is the best solution we can offer them [Hoosiers struggling with debts they have] is more and even higher-cost debt?  That’s not a lifeline”, she added, “It’s an anchor.”FacebookTwitterCopy LinkEmailSharelast_img read more

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Geary’s £1m bakery set to double loaf production

first_imgLeicestershire-based Geary’s Bakeries is to relocate to a new site and double production of its loaves, following a £1m investment.Joint managing director Tony Marriott told British Baker that Geary’s hopes to be up and running at its new bakery, in Barrow upon Soar, by the end of March 2010. “The company is reloca-ting from its original site in Ratby where it has been for 104 years,” he said. The move is due to the increasing logistical difficulties of, for example, getting supplies, such as flour silo deliveries to the bakery, which is currently located in the centre of a village. “It’s also now a very old building,” said Marriott.The move will enable the bakery to ramp up its production. “We currently produce around 700-800,000 speciality rolls a week and about 50,000 loaves a week and we are expecting to be able to produce 100,000 loaves a week,” he said.The firm has been working on getting the new site ready since June last year, including extensions to the building. The new bakery, based in Hayhill Industrial Estate, is only 10 miles from the old site, but was not previously a bakery, so there has been a lot of work involved, explained Marriott. “Travelling ovens are being put in at the moment, and the provers are already in,” he added.Geary’s had been looking for a suitable site for about three years. Marriott said it had been important to find one close to the original bakery, so that the existing staff could easily move with the firm.The bakery employs around 70 staff at present, but Marriott said there are hopes to employ around 110 staff when the new site is fully up and running.Geary’s predominantly produces bread and rolls for major retailers and sandwich pro-ducers, including Samworth Brothers and Uniq.last_img read more

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Fifty-Three Student-Athletes To Graduate This Weekend

first_imgPrint Friendly Version DES MOINES, Iowa – A total of 53 Drake University student-athletes from 15 athletic programs are set to receive their diplomas this weekend at Drake University’s 146th commencement ceremonies.The 53 graduates include Missouri Valley Conference champions, NCAA Tournament participants, Academic All-Americans and multiple academic All-Conference honorees.  Additionally, 15 of the graduating student-athletes received all-conference honors for their athletic achievements this season.Below are the student-athletes scheduled to receive their diplomas this weekend. During the year’s earlier fall commencement, 23 student-athletes received their degrees to mark 76 student-athletes who received baccalaureate degree this academic year. Here are those recipients. Men’s BasketballNick McGlynn, English, Digital Media ProductionFootballJacob Bacon, Actuarial Science/FinanceAlex Ciszewski, Management/MarketingDanny Donley, MarketingBrady Eckert, Physics, AstronomyIsaiah Kent-Schneider, Secondary Teacher Education, Environmental ScienceMen’s GolfTommi Avant, Information Systems, ManagementArjun Reddy, Biochemistry, Cell and Molecular BiologyMen’s SoccerAndrew Blalock, PsychologyPaul Ciszewski, Business AdministrationSteven Enna, Business AdministrationNic Jaimes, MarketingRyan Merideth, Biochemisty, Cell and Molecular BiologyAlex Peterson, Finance/MarketingMen’s TennisBen Clark, FinanceTom Hands, Environmental ScienceVinny Gillespie, FinanceCalum MacGeoch, International Business, ManagementBayo Philips, Public Relations, AdvertisingMen’s Track & Field/Cross CountryAlec Bognar, PsychologyAaron Chier, Graphic DesignJohn Freeman, ChemistryCole Friedman, BiologyForest Moses, Computer Science, Data AnalyticsJannik Schuller, International BusinessJoshua Yeager, Law, Politics and SocietyWomen’s BasketballSammie Bachrodt, FinanceMaddy Dean, Business AdministrationBecca Jonas, Brand CommunicationNicole Miller, Health Sciences: Clinical & AppliedSara Rhine, Elementary Teacher EducationWomen’s GolfGrace Dunn, Marketing, Information SystemsRowingMikaela Janes, Health Sciences: Clinical & AppliedMadeline Killian, International RelationsSarah Konopacki, MarketingMadison Peterson, Environmental Science, MathematicsPaige Prien, Psychology, Law, Politics & SocietySoftballKennedy Frank, BiologyGabbie Jonas, Health Sciences: Health Services ManagementNicole Newman, PsychologyMelissa Schlotzhauer, Health Sciences: Clinical & AppliedWomen’s SoccerAlyssa Brand, Finance/MarketingAli Burke, AccountingLinda Fiorito, MarketingElaine Gorom, MathematicsShannon Steurer, MarketingWomen’s Track & Field/Cross CountryVictoria Coombe, NeuroscienceMeghan Kearney, Public RelationsChristina LeMunyon, KinesiologyVolleyballCathryn Cheek, Digital Media ProductionSara Jensen, Graphic DesignGrace Schofield, Public Relations, Advertisinglast_img read more