The Big Picture

Harley reaches agreement to keep York, Pa. plant open

From Bloomberg News

Harley-Davidson Inc. reached a tentative labor agreement that would keep open a York, Pa.,factory that’s the motorcycle maker’s largest plant, a union official said.

Members of Local 175 of the International Association of Machinists and Aerospace Workers will vote on the proposed contract on Dec. 2, Paul Cover Jr., a union negotiator, said Friday. The plant had 2,400 employees as of May 13.

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Submitted by Steve Rosen on November 20, 2009 - 12:54pm.
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Sports & Money: Baltimore pushing for Negro League Baseball Museum

What would Buck say?What would Buck say?Here's a wake-up call for supporters of Kansas City's Negro Leagues Baseball Museum:

The city fathers in Baltimore are backing a $4.1 million plan to build a Negro League museum there to draw tourists and rejuvenate a section of the town.

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Submitted by Steve Rosen on November 20, 2009 - 1:05am.
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Another suitor for Harley plant facing long odds

Harley plays the fieldHarley plays the fieldKansas City was among the first to drop out of the running for landing a Harley-Davidson manufacturing plant.

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Submitted by Steve Rosen on November 19, 2009 - 5:21pm.
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Local casinos report October improvement

Revenue reboundRevenue rebound From Greg Hack and the Associated Press
The U.S. casino business, hit by double-digit revenue declines in Las Vegas and Atlantic City, N.J., hopes it’s on the road to recovery.

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Submitted by Steve Rosen on November 19, 2009 - 1:05am.
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Area businessman named to KC Fed board of directors

John Stout Jr. has been elected to a three-year term as a director of the Federal Reserve Bank of Kansas City.

Stout is chief executive officer of Plaza Belmont Management Group, a private equity fund based in the Kansas City area that specializes in the acquisition of food manufacturing companies.

Stout, who will represent the general public on the board, succeeds the late Kevin Nunnink.

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Submitted by Steve Rosen on November 18, 2009 - 9:50am.
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Looking for a home? The FDIC might listen to your offer

A buyer's market?A buyer's market?If you're looking for one way to land a new home, consider the foreclosure market. Same with an office building.

There are plenty of both on the auction block, thanks to the financial crisis of the past two years.

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Submitted by Steve Rosen on November 18, 2009 - 4:05am.
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That sputtering sound you hear is coming from Johnson County

One of the Kansas City area's main economic engines continues to run in low gear.

Practically every major indicator tracked monthly by the County Economic Research Institute was trending worse in September, according to the latest report.

Here are some of the key stats compiled by CERI, which then compares the data with the average for the same month over the previous five years.

Unemployment:

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Submitted by Steve Rosen on November 18, 2009 - 4:05am.
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A possible pumpkin shortage? Cancel Thanksgiving

An official Thanksgiving with the pie?An official Thanksgiving without the pie?Hold the whipped cream. Don't pour the hot coffee. There might not be pumpkin pie at the Thanksgiving feast next week.

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Submitted by Steve Rosen on November 17, 2009 - 1:48pm.
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Facebook application has a Hallmark moment

Hometown greeting card giant Hallmark Cards Inc. has made an investment in Newput Corp., developer of the SocialCalendar Facebook application.

Terms of the transaction were not disclosed.

Hallmark said in a news release that it relaunched the SocialCalendar today as the Hallmark SocialCalendar. Newput will create products and content for Hallmark that will make it easier, for example, for people to remember and acknowledge birthdays, anniversaries, holidays, and other events and occasions.

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Submitted by Steve Rosen on November 17, 2009 - 11:57am.
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USDA: Record 49.1 Million Americans faced hunger in 2008

From Bloomberg News

Donations to Harvesters help feed the needyDonations to Harvesters help feed the needyNearly one in six Americans lived in households that struggled to afford food at some point last year as tight credit and the fastest rate of food inflation since 1980 combined to strain budgets, the government said.

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Submitted by Steve Rosen on November 17, 2009 - 1:05am.
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Free Financial Advice

4/9/09

Question:

BRB asks

Who do I talk to for financial advice that does not involve them trying to sell me something? We are 60 and 59, have a 200,000 annuity, are 60-70,000 credit card debt, have a house that is half paid for,own a condo in fl that is not paying for itself, have a good credit rating, not behind on anything, not facing foreclosure, wife on disability, husband still working, Want to pay off credit cards, but don't know how. Should we use part of annuity? I just want to know who to ask for help. Thanks

Answer:

It looks like you would be well served by a comprehensive financial plan which would address your concerns and give you a clear picture of where you are at financially. Financial advisors are paid in two different ways. Some receive commissions for the products they sell you. There are also fee only financial planners who work for you for a set fee and sell no products. In their case you know exactly how much it will cost you up front. It would also be preferable to use a financial planner who is a Certified Financial Planner.

Best Regards,
G. Douglas Dunham

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Submitted by FPA on April 9, 2009 - 2:00pm.
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