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July Indiana Employment Report

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Indiana’s unemployment rate stands at 3.4 percent for July and remains lower than the national rate of 3.9 percent. With the exception of one month when it was equal (October 2014), Indiana’s unemployment rate now has been below the U.S. rate for more than four years. The monthly unemployment rate is a U.S. Bureau of Labor Statistics (BLS) indicator that reflects the number of unemployed people seeking employment within the prior four weeks as a percentage of the labor force.

Indiana’s labor force had a net increase of 15,564 over the previous month. This was a result of a 2,964 increase in unemployed residents and an increase of 12,600 employed residents. Indiana’s total labor force, which includes both Hoosiers employed and those seeking employment, stands at 3.38 million, and the state’s 64.8 percent labor force participation rate remains above the national rate of 62.9 percent. Indiana’s labor force growth of 67,519 over the past six months represents the state’s largest six-month increase since 1995 in the state.

In addition, Indiana’s initial unemployment insurance claims continue to be at historical lows.

Learn more about how unemployment rates are calculated here: http://www.hoosierdata.in.gov/infographics/employment-status.asp.

July 2018 Employment Charts

Employment by Sector

Private sector employment has grown by more than 24,800 over the year, and has increased by 5,600 over the previous month, primarily due to gains in the Professional & Business Services (2,700) and the Construction (2,000) sectors. Gains were partially offset by losses in the Other (-1,000), which includes Mining and Logging, IT and Other Services, and the Financial Activities (-400) sectors. Total private employment stands at 2,703,800 and is 14,900 above the December 2017 peak.

Midwest Unemployment Rates

July 2018 Midwest Unemployment Rates

  

Ellis Park Accredited to 24 Race Tracks in the U.S. and Canada

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Ellis Park Accredited to 24 Race Tracks in the U.S. and Canada

Ellis Park now has active accreditations to 24 racetracks in the U.S. and Canada, including every Thoroughbred track in Kentucky.

The National Thoroughbred Racing Association (NTRA) announced today that Ellis park has received its initial accreditation from the NTRA Safety and Integrity Alliance.

“On behalf of the Kentucky Horse Racing Commission (KHRC) and its Safety and Welfare Committee we appreciate the commitment from each of Kentucky’s racetracks to achieve accreditation,” said Hall of Fame jockey Pat Day, Chair of the KHRC Safety and Welfare Committee. “We look forward to a continued partnership with all of Kentucky’s tracks, our horsemen, and the Safety & Integrity Alliance in promoting the safety of our athletes and the integrity of our racing.”

In order to receive the accreditation, Ellis Park underwent an on-site inspection conducted numerous racing officials. Along with inspections, interviews were conducted with track executives, racetrack personnel, jockeys, horsemen, veterinarians, stewards and regulators

“Achieving the Alliance Code of Standards and full accredited status requires much diligence and cooperation from all stakeholders,” said Steve Koch, executive director of the NTRA Safety & Integrity Alliance.

Ellis Park is one of 24 racing facilities fully accredited by the Alliance that together host 96% of Grade 1 stakes and generate more than 75% of North American pari-mutuel handle.

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REFUGEE INDUSTRY HEADS TO CAPITOL HILL

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by Joe Guzzardi, August 12, 2018

The refugee resettlement industry is in full panic mode. Some may question whether “industry” is the correct word. But the multi-million dollar budgets voluntary agencies (volags) have at their disposal and the lofty salaries the directors earn reveal that resettlement is a big and lucrative business, largely American taxpayer-funded.

Aided by a favorable Supreme Court decision, President Trump wants ever-fewer refugees. To the contractors’ dismay, last year President Trump threw out 5,000 as his recommended cap. As of July 1, 2018, the State Department has admitted 16,229 refugees, a pace well below this year’s 45,000 ceiling.

With the October 1 deadline looming for the president to make his annual determination on the FY 2019 refugee ceiling, the stakes are high for the nine federal contractors. Lower refugee totals put at risk volags’ substantial cash flow that includes $1,950 for each refugee and each child with the contractor pocketing $750 in federal and state grant money, as well as other perks. To protect their monetary interests, the volags gathered on Capitol Hill this month to lobby for higher refugee totals.

Six of the nine volags are religious-based groups. By lobbying on Capitol Hill, they ignore the church-state separation principle. When Thomas Jefferson, James Madison, and other Founding Fathers wrote about religious liberty’s importance, they also condemned church interference in federal policy. Moreover, the IRS specifically prohibits churches and other nonprofits from engaging in a political activity like lobbying. The IRS code that pertains to 501(c)(3) volags states that they must completely refrain from political campaigning.

Yet in his August 3 op-ed published in the widely read and influential news magazine, The Hill, Rev. John McCullough, Church World Service CEO and president wrote a scathing commentary that attacked President Trump’s long-standing wish for fewer refugees, a sentiment many Americans share.

David Robinson, the State Department’s former Refugee Bureau acting director, shared his from-the-front perspective. Robinson wrote that “the federal government provides about 90 percent of its collective budget” and its lobbying umbrella “wields enormous influence over the Administration’s refugee admissions policy. It lobbies the Hill effectively to increase the number of refugees admitted for permanent resettlement each year…. If there is a conflict of interest, it is never mentioned… .The solution its members offer to every refugee crisis is simplistic and the same: increase the number of admissions to the United States without regard to budgets… ” Note the repeated references to lobbying even though the law prohibits it.

Like other federal immigration legislation, the 1980 Refugee Act and its consequences went unchallenged until the current administration. Proving the folly of never bucking the status quo, Refugee Resettlement Watch’s Ann Corcoran wrote that nearly four decades after the last American left Vietnam, the U.S. still accepts Southeast Asian refugees. More than 1.5 million have entered and contributed to nonrefugee chain migrants.

Congress should turn its attention to the hard math behind refugee resettlement: refugees immediately access food stamps, public housing, cash assistance, healthcare and childcare. The Department of Health and Human Services doles out approximately $1.5 billion in grants to state and local agencies, schools, and nonprofits for refugee-oriented legal advocacy, language education, mental-health services and domestic-violence prevention.

Continuing refugee business, as usual, is a mistake; resettlement contractors profit, while the American communities where refugees are relocated struggle through difficult transition periods. The multi-millions in dollars the U.S. spends domestically on refugee programs would go 12 times as far if distributed in refugees’ home regions to provide for their shelter and care until they can safely return home. No nation including the U.S. can indefinitely accept the world’s displaced populations.

FOOTNOTE: Joe Guzzardi is a Progressives for Immigration Reform analyst who has written about immigration for more than 30 years. Contact him at jguzzardi@pfirdc.org.

The City-County Observer posted this article without bias, opinion or editing.

ARETHA FRANKLIN

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FIRE AND RAIN

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Roar on the River is back Labor Day Weekend!

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Enjoy a weekend of nonstop racing action as the Evansville HydroFest
hosts the American Power Boat Association’s Eastern Divisional
Championships for 14 classes of Inboard Hydroplanes September 1-2!

Wristbands are only $10 for the entire weekend, with 12 and under free!

Aces team up with ProRehab to create Purple Fridays

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Partnership was assisted by Purple Aces Sports Properties

ProRehab and the University of Evansville Athletic Department have teamed up to create a campus and community initiative called “Purple Friday’s powered by ProRehab.”

The campaign was started as a way to bring a sense of pride on campus, in the City of Evansville and among Aces supporters everywhere to support the university.  Every Friday starting on August 24, students, businesses and supporters of the university are encouraged wear purple and post their support with the hashtag #PurpleFriday.

“We want to give a special thank you to our long-time partner, ProRehab, as they become the official sponsor of Purple Friday’s,” UE Assistant AD for Marketing and Fan Engagement Scott Peace said.  “Purple Friday’s are something that everyone on campus looks forward to each week and we hope to spread this spirit and sense of pride across our fan base and community.”

Throughout the year, prizes will be given out to the person/group that shows the most purple pride.  There will also be contests and other interactive events that coincide with Purple Friday’s.

University of Evansville and many of our employees are graduates of UE – which is a big part of the reason why our color is purple,” ProRehab Director of Strategic Marketing Gib Riffle explained.  “We are looking forward to a strong year supporting the student-athletes and providing medical services for the Athletic Programs.  Purple Fridays are a great way to say, “Go Purple Aces”.”

Purple Friday’s powered by ProRehab is another campaign that was coordinated by Learfield’s Purple Aces Sports Properties, the multimedia rig

The Writing Habit

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Willard Library

Assumptions in bankruptcy case leave 7th Circuit ‘colored skeptical’

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Katie Stancombe for www.theindianalawyer.com

Assumptive arguments made by a bankruptcy trustee suing former bank directors were rejected by the 7th Circuit Court of Appeals, which said his assertions colored the court skeptical.

Federal regulators seized and shut down the Columbus-based Irwin Union Bank & Trust Co., which was a holding company for two banks, after it filed for bankruptcy in September 2009 amid the Great Recession. Two years later, Irwin’s bankruptcy trustee Elliott Levin sued three bank officers for breach of fiduciary duty.

Levin claimed the officers should have known the banks were going to fail and should have investigated alternatives to transferring a last-shot $76 million tax refund to potentially claim as an asset in bankruptcy, despite the board of directors’ clear directive to transfer the refund to the subsidiary banks. If the officers had presented this information to the board, Levin said the board would have declared bankruptcy before transferring the refund to the banks, thereby maximizing the holding company’s value for creditors.

The U.S. District Court for the Southern District of Indiana initially dismissed the case, but onremand from the 7th Circuit granted summary judgment in favor of former Irwin CEO William Miller, former Chief Financial Officer Gregory Ehlinger and former Executive Vice President Thomas Washburn.  The 7th Circuit affirmed the grant of summary judgment on Friday.

“Corporate officers have a duty to furnish the Board of Directors with material information, but that duty is subject to the Board’s contrary directives,” Judge Diane Sykes wrote for the court. “…The officers had no authority to second-guess the Board’s judgment with their own independent investigation.”

Levin had argued the officers breached their duty to provide information to the board. In a series of assumptions, he faulted them for failing to inform the board that an earlier bankruptcy could have maximized Irwin’s value.

“Even on its own terms, Levin’s complicated theory is dubious,” Sykes wrote. “The argument’s intricate chain of inferences rests on a series of speculative and increasingly questionable links— especially the assertion that, contrary to both regulatory guidance and Irwin’s years-long understanding (memorialized in a written agreement), the Board would have tried to claim the tax refund as its own asset in bankruptcy. Color us skeptical.”

The 7th Circuit found Levin’s theories fundamentally flawed, noting that as agents of the board, the officers had a duty to execute the board’s strategy and directives. It added that the board made its decision based on “advice of regulatory agencies and deeply experienced outside counsel.”

Finally, Levin argued it would only be logical for the board to be interested in receiving information about Irwin’s potential value in bankruptcy. If so, the board may have changed course had it known that an earlier bankruptcy could maximize value.

But the 7th Circuit also rejected that argument in Elliott Levin v. William Miller, et al, 17-1775.

“Taking account of the regulatory directives and expert legal advice, the Board exercised its judgment and chose to devote its resources to saving the banks,” Sykes concluded. “As agents, the officers had no right to spend company resources pursuing a different strategy.”

A ROAD ONCE TAKEN By Jim Redwine

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GAVEL GAMUT

By Jim Redwine

Week of 20 August 2018

A ROAD ONCE TAKEN

Robert Frost’s poem The Road Not Taken poignantly emphasizes the dilemma of life’s choices. Frost must have spent a great deal of time on this subject as another of his most famous poems, Stopping by Woods on a Snowy Evening, talks about Frost coming upon a fork in the road of life and having to choose one.

None of us needs Frost or anyone else to point out to us the games the fates play with us but it is handy to find a short form for our thoughts. I hope over the years if you have read Gavel Gamut, which originated in 1990, every now and then you have found a similar lodestone to hang on to. In that regard I plan to from time to time re-run some of the almost 700 Gavel Gamuts. Maybe you’ll catch them the second time round. Taking Leave (January 09, 2006) is one of my favorites. I hope it means something to you too.

TAKING LEAVE

(Originally Published January 09, 2006)

In spite of my natural inclination, thanks to my high school teacher, Mr. Burton, I actually learned a few things in American History class such as: The Second Amendment; the assassination of President William McKinley; the sinking of the Titanic; and the execution of Nathan Hale.

One cold Friday, Mr. Burton stood in front of us in a short-sleeved shirt and offered extra credit to anyone who could tell him why he had the right to wear it.

Of course, our minds were on that night’s football game, so extra credit was not in the offing.

Mr. Burton finally gave up hope for our education, via the Socratic method, and gave us the answer:  The Second Amendment to the United States Constitution, you know, The Right to Bear (Bare) Arms.

Unlike Paul Simon in his song, “Kodachrome”, my high school teachers did not interfere with my education.  The raw material may have been lacking, but the high school refinery did its best.

Mr. Burton, also, portrayed President McKinley and Nathan Hale in class, and sank the Titanic in a washtub while we portrayed the passengers such as John Jacob Astor.

What Mr. Burton burned into our memories was the grace of President McKinley when he was shot in 1901.

The President’s wife of thirty years, Ida, had never recovered from the loss of their only children at ages one and four.  The President was ever mindful of Ida’s fragility.

McKinley’s first words upon being shot were:

“My wife, be careful how you tell her.  Oh, be careful.”

Considering that President McKinley had been a Civil War hero, a successful attorney, Governor of Ohio, the architect of the Open-Door Policy to China and the Commander in Chief during the Spanish American War, it was poignant that it was said of him:

“Nothing became his life so much as the manner in which

he left it.”

I was reminded of the President’s selflessness when I heard news of the West Virginia miners’ last words, written while trapped in the coal mine this week. 

At least one of the Sago Mine miners, Martin Toler, left a note to ease the pain of his wife, children, grandchildren and others.

Mr. Toler’s note was written with great effort just before he lost consciousness:

“Tell all I (will?) see them on the other side.  Just went to sleep.

Wasn’t bad.  I love you.”

The President and the coal miner knew how to make an exit.  

It is fortunate when there is opportunity for such character to be displayed.  No self-pity, just thoughts to ease the pain of others.

Of the six billion or so of us who have already shuffled off this mortal coil, and the six billion or so of us who have yet to take our leave, most of us will not have any last words survive.

But wouldn’t it be comforting to believe we might show the courage and sacrifice of someone like John Jacob Astor who, in 1912, was one of the richest persons on earth and 48 years old when he gave up his seat on a Titanic lifeboat to a woman he didn’t know by saying:

“The ladies have to go first.

Get in the lifeboat to please me (to the unknown woman).

Goodbye, dearie (to his wife).  I’ll see you later.”

There was one other thing that made it through the teenage fog during American history class, the last words of the twenty-one year old, Continental Army First Lieutenant, Nathan Hale, just before he was hanged by the British in 1776:

“I only regret that I have but one life to lose for my country.”

Hale’s final thoughts of country before self were recorded for Hale’s family and history by another soldier, Captain Montresor, one of the British officers who was assigned to the execution.

You know you have done it right when those who would take your life, record your courage and sacrifice in leaving.

What William McKinley, Martin Toler, John Astor and Nathan Hale had in common were selfless courage, the opportunity to know death was imminent, the means of preserving their last words and the grace to ease the pain of others.

For most of us, such a confluence of elements will not occur.  But, if the opportunity is given to us, it will be telling whether we choose to curse the darkness of our coal mine or to lighten the burden of those who are left to deal with the cave-in.  

For more Gavel Gamut articles go to www.jamesmredwine.com

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