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Thursday, April 30, 2009

Crain's Daily News Alert prepared for Top Executives



CHICAGOBUSINESS

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Daily Business Briefing

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TOP HEADLINES Thursday, April 30, 2009

· Motorola to cut more jobs as non-cell business weakens

· Boeing debt rating outlook cut; wins $250M Pentagon deal

· OfficeMax shares soar as lower profit still beats Wall Street's expectations

· Nursing home care costs rising faster than inflation: report

· Standard Bank gets TARP funds

· Quarter-million Chicagoans on brink of poverty: study

· $50B to fix aging rail transit in Chicago, 6 other cities

· Biz barometer shows signs of hope

· Foreclosure suits hit one homebuilder, head of another

· US hog market drops as flu hits pork sales

· Equity Residential's results show softness in sector

· 10 things to do this weekend 

· The latest job changes and appointments: People on the Move

· Tales of Blago, Quinn blinks on transit, Daley archives: Greg Hinz blog

· Diplomats, execs mark anniversary of apartheid's end: Taking Names blog 

Final Markets

Dow Jones

8,168.12

-17.61

-0.22%

NASDAQ

1,717.30

+5.36

+0.31%

Crain's Index

66.52

+0.150

+0.226%

» View Other Top Headlines

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OTHER HEADLINES

· Chrysler bankruptcy plan is announced New York Times

· CBS 2 cuts staffers to reduce costs; Lum, Zwecker out Chicago Sun-Times

· April sizing up to be another winning month for U.S. stocks MarketWatch

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TODAY'S FEATURES

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Chicago Business Today - April 30

Moto surprises Wall Street with smaller than expected quarterly loss. A report shows signs of a bottom in manufacturing sector. Swine flu panic is causing a run on common items.Read More


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· De Cero – Taqueria de West Loop

· Wealth Insights: Portfolio overhaul

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Media Matters Daily Summary




Media Matters for America
Here are today's news items from Media Matters for America, click on the title or 'read more' to read the entirety of each story.
Media still bored by Obama press conferences
Following President Obama's April 29 press conference, media figures on all three major cable news channels and elsewhere asserted that the press conference was "boring." Several commentators had similarly concluded that Obama's March 24 press conference was insufficiently entertaining, echoing Matt Drudge. Read More
Rove pushes "extreme" distortion of Obama health care remark
In his Wall Street Journal column, Karl Rove distorted a statement by President Obama to falsely suggest Obama is now considering "a universal health care system like the European countries." Read More
Does Dobbs think Dr. Gupta and others at CNN are "out of their cotton pickin' minds"?
Noting that some people have criticized the use of the terms "swine flu" and "Mexican flu," Lou Dobbs said that the "idiots referring to it now as 'H1N1 virus' " are "out of their cotton pickin' minds." But Dr. Sanjay Gupta, among others at CNN, has used the term "H1N1," which Gupta said is "probably going to become the more appropriate nomenclature" for the virus. Read More
NBC/WSJ poll question advanced false claim about proposed labor law
An NBC News/Wall Street Journal poll question advanced the false claim that a secret-ballot election is currently required before workers can form a union. In fact, under current law, a secret-ballot election is required only when an employer demands it; an employer can recognize a union if it is supported by a majority of workers. Read More
Time has Beck praising Limbaugh's "honesty" in Time 100 profile
In a Time magazine profile, Glenn Beck writes that Rush Limbaugh's "consistency, insight and honesty have earned him a level of trust with his listeners that politicians can only dream of." But Media Matters has documented many examples of falsehoods, misleading commentary, and smears by Limbaugh. Read More
Media infected with conservatives' "socialized medicine" myth
In recent days, numerous media figures have falsely characterized President Obama's health care proposal as "socialized medicine," a "single-payer" health care system, a "single-payer government-run system," or "nationalized health care" like the British or Canadian models. Read More
You can help support our work; become a volunteer media monitor, or donate to Media Matters for America.
 

Source: Justice Souter retiring

Source: Justice Souter retiring: "Justice David Souter has told the White House that he will retire from the Supreme Court at the end of the court's term in June, a source familiar with his plans said Thursday night."

INSIDE WASHINGTON: Taxpayers to get rude surprise - Yahoo! Finance

INSIDE WASHINGTON: Taxpayers to get rude surprise - Yahoo! Finance: "Millions of couples, retirees may have to repay some of Obama tax credit"

ABC7 eNews




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Top Stories

Thursday, April 30, 2009


More communities affected by swine flu | VIDEO
There is now more information about suspected swine flu cases in the Chicago area.

Are pigs getting a bad rap?
Local hog farmers are frustrated because they say the swine flu is giving them-- and their animals-- a black eye.

1 killed, 2 hurt in shooting
A gunman opened fire near an Austin street corner, killing a teenager and wounding two adults.

Officials round up Chicago rattlesnakes
Officials are collecting the Chicago area's remaining rattlesnakes as part of an emergency species survival effort.

Study: Recession pushing Illinoisans into poverty
The recession likely has pushed hundreds of thousands of Illinoisans into poverty, according to a study released Thursday, and two leading indicators -- use of food stamps and emergency food assistance -- appear to support that assertion.

MORE STORIES

Strange

$500,000 in marijuana goes up in smoke

Woman hospitalized after swallowing baggies

Judge: Inmate can't rename himself 'Sinner'

County strikes out digging for time capsule

Mobile loo yields wacky warning award

Consumer

Cribs sold at Babies 'R' Us recalled

Some seek stricter safety standards for car roofs

Gap recalls children's coats

Will Comcast keep NFL Network? Deadline looms

Microsoft launching social networking site

Healthbeat

Folic acid may help control allergies, asthma

More communities affected by swine flu | VIDEO

CDC: Swine flu claims 1st victim in US | VIDEO

Calming swine flu fears

SKorea to lift ban on human stem cell research

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Republicans feud over Specter - Jonathan Martin and Manu Raju and John Bresnahan - POLITICO.com

Republicans feud over Specter - Jonathan Martin and Manu Raju and John Bresnahan - POLITICO.com: "Republican Sens. Orrin Hatch and George Voinovich blamed the Club for Growth for imposing a right-wing litmus test that chased Arlen Specter out of the Republican Party. The Club for Growth blamed Specter — first for helping to ruin the GOP and then for leaving it. A leading Republican strategist blamed the party for turning its back on moderates. Sen. Lindsey Graham sniped at Republican National Committee Chairman Michael Steele. Specter’s pollster blamed the stimulus bill. Karl Rove blamed Specter himself."

New jobless claims unexpectedly drop to 631K

New jobless claims unexpectedly drop to 631K: "The number of newly laid-off workers signing up for unemployment benefits dropped unexpectedly last week, but the number of people continuing to draw jobless aid rose to nearly 6.3 million, setting a record high for the 13th straight week."

AP sources: Chrysler to file for bankruptcy

AP sources: Chrysler to file for bankruptcy: "Chrysler will file for bankruptcy after talks with a small group of creditors crumbled just a day before a government deadline for the automaker to come up with a restructuring plan, two administration officials said Thursday."

Important Health Update:




 

The Midwest AIDS Training & Education Center (MATEC) is the Leading Resource for HIV/AIDS Education and Information for Health Care Professionals and Organizations.  Serving Illinois, Indiana, Iowa, Michigan, Minnesota, Missouri and Wisconsin. 

Important Health Alert 
Dear Fred,

In light of recent developments regarding the swine influenza outbreak, MATEC wants to keep you informed of important clinical information as provided by the Centers for Disease Control.  As this statement mentions, this is a rapidly evolving situation and guidance should be considered interim and will be updated frequently by the CDC at their website:  http://www.cdc.gov/swineflu/recommendations.

To view this CDC alert as a website please click on the following link, or copy and paste to your browser: 
CDC Health Update: Swine Influenza A (H1N1) Update: New Interim Recommendations and Guidance for Health Directors about Strategic National Stockpile Materiel
 
Distributed via Health Alert Network
April 26, 2009 11:45 PM ET
CDCHAN-00283-09-04-26-UPD-N
 
Situation Update
As part of an ongoing investigation into an outbreak of swine influenza A (H1N1) in the United States and Mexico, CDC today announced confirmation of an additional 13 human cases of infection with swine flu in the U.S, bringing the total number of cases to 21 so far. At this time, cases of swine influenza have been confirmed in California, Kansas, New York City, Ohio and Texas. Based on the rapid spread of the virus thus far, public health officials believe that more cases will be identified over the next several weeks. Case counts are updated daily and available at http://www.cdc.gov/swineflu/.
 
CDC has activated its Emergency Operations Center to coordinate the agency's response to this emerging health threat and today the Acting Secretary of the U.S. Department of Health and Human Services declared a public health emergency in the United States. CDC's goals during this public health emergency are to reduce transmission and illness severity, and provide information to assist health care providers, public health officials and the public in addressing the challenges posed by this newly identified influenza virus. To this end, CDC has issued a number of guidance documents in the past 24 hours. In addition, CDC's Division of the Strategic National Stockpile (SNS)  is releasing one-quarter of its antiviral drugs, personal protective equipment, and respiratory protection devices to help states respond to the outbreak.This Health Alert Network update is intended to alert recipients to newly available guidance and provide information regarding the deployment of the SNS.
 
In addition, clinicians should consider swine influenza infection in the differential diagnosis of patients with acute febrile respiratory illness who have either been in contact with persons with confirmed swine flu, or who were in one of the five U.S. states that have reported swine flu cases or in Mexico during the 7 days preceding their illness onset.
 
Patients who meet these criteria should be tested for influenza A, and specimens positive for influenza A should be sent to public health laboratories for further characterization. Clinicians who suspect that a patient has a swine influenza virus infection should obtain a nasopharyngeal swab from the patient, place the swab in a viral transport medium, refrigerate the specimen, and then contact their state or local health department to facilitate transport and timely diagnosis at a state public health laboratory. CDC requests that state public health laboratories promptly send all influenza A specimens that cannot be subtyped to the CDC, Influenza Division, Virus Surveillance and Diagnostics Branch Laboratory.
 
This is a rapidly evolving situation and guidance should be considered interim and will be updated frequently. 
 
Newly Available Guidance
New guidance is available at http://www.cdc.gov/swineflu/recommendations, including:
Strategic National Stockpile Guidance
Health directors should be aware that the CDC Division of Strategic National Stockpile (DSNS) has been given the authority from HHS and CDC leadership to initiate shipment of materiel for the swine flu influenza outbreak. At this point, DSNS has been given permission to release 25 percent of states and localities allocation of SNS held antiviral drugs, personal protective equipment, and respiratory protection devices.
Realizing the significant quantity of materiel, CDC Strategic National Stockpile personnel will be working with state and local health department staff to ensure that CDC provides you with as much flexibility as possible as we prepare to ship the first 25 percent of your allocated materiel. SNS staff are currently in the process of contacting state and local Preparedness Directors and SNS Coordinators to facilitate the receipt of SNS allocated materiel.

Please be advised that once this materiel leaves federal control, it becomes a state responsibility to maintain, store, secure, and deploy. If the materiel should go unused, states should be prepared for long term storage.

For more information about swine flu: http://www.cdc.gov/swineflu.

Additional information is also available by calling 1-800-CDC-INFO (1-800-232-4636).
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Midwest AIDS Training & Education Center | 1640 W. Roosevelt Road | Suite 511 (M/C 779) | Chicago | IL | 60608

Analysis: Obama's fate largely in Congress' hands

Analysis: Obama's fate largely in Congress' hands: "His biggest proposals, such as revising health care, energy and education policies, are in the hands of lawmakers who will debate, change and possibly reject them in the coming months. Obama obviously can influence lawmakers, but he has less control over his destiny than when he was unveiling new initiatives almost daily and filling out his Cabinet."

AP Source: Chrysler lender talks break off

AP Source: Chrysler lender talks break off: "Talks between Chrysler LLC's lenders and the Treasury Department to reduce the automaker's $6.9 billion in secured debt and keep it out of bankruptcy protection have disintegrated, a person familiar with the talks said early Thursday."

US prepares for long haul as swine flu spreads

US prepares for long haul as swine flu spreads: "The new swine flu is rattling Americans from coast to coast and President Barack Obama pledged 'to do whatever it takes' to battle an emergency that world health authorities warned is inching closer to a full-fledged pandemic."

Mexico plans shutdown as World flu alert raised

Mexico plans shutdown as World flu alert raised: "Mexico readied a 'temporarily closed' sign — taking the drastic step of ordering a suspension of nonessential federal government and private business activity as it tried to squelch a swine flu epidemic. The World Health Organization ratcheted up an alert and warned that 'all of humanity' is threatened."