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Village Bank & Trust & Wintrust Mortgage Welcome Michael Jones

 

Michael Jones
Mortgage Loan Officer
Wintrust Mortgage

Arlington Heights, IL (January 26, 2010) – Village Bank and Trust and Wintrust Mortgage are pleased to announce that Michael Jones, Mortgage Loan Officer, will operate out of the Village Bank & Trust Midtown Branch, 311 S. Arlington Heights Road.

Michael served in the United States Army for 10 years before beginning his career in the mortgage business. He brings 15 years of mortgage experience and integrity to Village Bank & Trust and Wintrust Mortgage, spending the past year with Wintrust in the retail division of their Community Lending Group.

“Michael will be an asset in our goal of increasing volume within the banks and creating a greater customer service and relationship-building perspective,” said Tom Adams of Wintrust Mortgage. “We are excited to congratulate him on his move and look forward to benefiting from his experience and energy.”

Michael received his Bachelors Degree in Business Management and Computer Science from Hiram College.

Village Bank & Trust has three locations in Arlington Heights and one in Prospect Heights. Visit the bank’s website at www.bankatvillage.com

Posted in Personal Finance, Real EstateComments (0)

Obama’s Budget: Record High Deficit of $1.56 trillion


Obama: We can’t continue to spend as if … the hard-earned tax dollars of the American people can be treated like Monopoly money.

Blaming the extraordinary levels of government debt on his predecessor’s “profligacy”, President Barack Obama said that the deficit would reach nearly $1.6 trillion this year, exceeding the amount the White House predicted last year. The record high debt is alienating voters.

Most economists say that a budget deficit of more than 3 per cent of gross domestic product is unsustainable over the long term. This year’s deficit is projected in the budget to reach nearly 11 per cent.

SOURCE: TIMESONLINE Obama gambles on spending spree to save jobs as deficit hits new high

Posted in BusinessComments (0)

Regina’s Location Has New Owners, New Cuisine, New Name: Pamela’s Parkside Grill

Pamela’s Parkside Grill has replaced Regina’s Ristorante at 27 West Campbell Street next to Harmony Park at Campbell Street and Dunton Avenue. The new owners are Howard Maybloom and Pamela Olin-Maybloom. Howard Maybloom was food and beverage manager at The Four Seasons restaurant in New York City, and his wife is a sculptor known for her artistic welding.

Pamela’s Parkside Grill is open 4 to 11 p.m. Tuesday through Thursday; 4 p.m. to midnight Friday and Saturday, and 10:30 a.m. to 2:30 p.m. for Sunday brunch.

Pamela’s Parkside Grill — pamelasparkside.com (official website)

Check out the first and last of several videos posted on the official website for Pamela’s Parkside Grill …

Early rehab and makeover of the new Pamela’s Parkside Grill.


Video from a friends and family night on December 30, 2009, just before Grand Opening.


View Arlington Heights Restaurants ~ Taste-of-Arlington.com in a larger map

Posted in New Business Watch, Restaurant ReportComments (0)

What Does ‘Cadillac Tax’ Mean? Unions Exempt for Eight Years

What is Cadillac Tax?
A tax on those insurance companies who offer more expensive medical coverage to those who can afford it.

Arguments against the Cadillac tax comes from powerful labor unions, who claim that in many cases middle-class union members gave up wage increases in return for better medical coverage and more extensive healthcare benefits.

The proposed excise tax amounts to a 40% levy on health care plans over a certain dollar amount. The tax is to be levied on insurance companies who are then free to pass it on to companies and workers.

Overnight Thursday to Friday (Jan. 14/Jan. 15) President Barack Obama and leaders of Congress decided and announced that unions will be exempt for eight years. State and local government employees, which constitute an increasing percentage of the U.S. workforce, will also be exempt from the new tax until 2018.


AFL-CIO President Richard Trumka
Labor leader who got concessions from
Democrats on taxes of high-end health plans.

Posted in Business, Word of the DayComments (0)

FOXNews Live from Woodfield in Schaumburg: Village Debt Blamed on Sales Tax Slump


FOXNews television crews and reporter Steve Brown at Woodfield Mall about 9:45 a.m. covering sales slump/municipal property tax report.

For years the village doesn’t charge property tax because it has relied on sales tax, especially from Woodfield Mall. A shopping slump is blamed for a deficit over $17.5 million that could lead to a municipal property tax in Schaumburg. Of a 10 percent sales tax, 2 percent goes to the Village of Schaumburg.

Village Manager Ken Fritz reports that Schaumburg went into the recession with a $20 million surplus, which is expected to run out next year. A municipal property tax is expected to be required to run municipal services, such as police, fire and public works departments.

Woodfield Mall is the fifth-largest shopping mall in America.

Posted in Notes & Topics, Woodfield ConnectionComments (5)

Fitness 19 Coming to Westgate Shopping Center, Arlington Heights

Fitness19
Membership office set up at the site of the new FITNESS 19 at 1601 West Campbell Street.

Fitness 19, describing themselves as an extremely affordable, family-friendly facility that offers state-of-the-art cardio, strength and free weight equipment is coming to Westgate Shopping Center near Campbell Street and Wilke Road. Fitness 19 chooses it locations close to dense residential populations and offers its members month-to-month memberships. The fitness center is currently in the build-out stage at the former Essence of Europe grocery market, and is offering pre-sale membership rates from a membership office on site. The fitness center is expected to open late-February or March 2010. The Fitness 19 telephone number at the Westgate location is 847-259-1919.

See also …
fitness19.com

Posted in Health/Fitness, New Business Watch, Notes & TopicsComments (0)

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