The Buzz

Governor Asks IL Businesses to Push for Pension and Medicaid Changes
From WUIS: Governor Pat Quinn is urging business owners to support his plans for overhauling state employee pensions and Medicaid. He spoke to a gathering of Illinois manufacturers and retailers in Springfield…Mark Denzler is vice president of the Illinois Manufacturer’s Association. “Well Illinois businesses want to operate in state that’s not bankrupt, that’s not on the edge of a fiscal abyss. So it’s important that the state of Illinois, the Governor and General Assembly address pensions and Medicaid which are spiraling out of control, so we applaud the Governor’s message for fiscal restraint, for reforming pensions and Medicaid, and we think it’s a movement in the right direction.” It’s unclear if lawmakers will keep going in that direction, however. TO READ MORE …

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Thursday
Feb022012

January 2012 Manufacturing ISM Report On Business®  

Economic activity in the manufacturing sector expanded in January for the 30th consecutive month, and the overall economy grew for the 32nd consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business®.

Bradley J. Holcomb, CPSM, CPSD, chair of the Institute for Supply Management™ Manufacturing Business Survey Committee, issued the report. “The PMI registered 54.1 percent, an increase of 1 percentage point from December’s seasonally adjusted reading of 53.1 percent, indicating expansion in the manufacturing sector for the 30th consecutive month. The New Orders Index increased 2.8 percentage points from December’s seasonally adjusted reading to 57.6 percent, reflecting the 33rd consecutive month of growth in new orders. Prices of raw materials increased for the first time in the last four months. Manufacturing is starting out the year on a positive note, with new orders, production and employment all growing in January.”

See the full report at http://www.ism.ws/about/MediaRoom/newsreleasedetail.cfm?ItemNumber=22163.