Tag Archives: Economics

20,000 Hoosiers to Lose Unemployment Benefits on December 28

27 Dec interstate 80 94 accident

by Ken Davidson

Indiana Department of Workforce officials are warning that up to 20,000 hoosiers will not get unemployment benefits beginning next week. The budget deal passed by both houses of Congress and signed into law by President Obama does not provide for extended unemployment benefits. That means that hoosiers are eligible for 26 weeks of benefits under the Indiana plan. Those who have been receiving benefits under the federally funded extension will no longer be eligible for benefits. The Indiana Department of Workforce Development explains:

What happens to Hoosiers on unemployment when the federal extensions expire?
Unemployed Hoosiers will not be able to receive any further federally extended benefit
payments.

What can I do to help my situation before the federally extended benefits expire?
It is important for you to visit your local WorkOne as soon as possible to get help with
your job search. WorkOne staff can help you update your resume, recharge your job
search and interview skills, strengthen your computer knowledge, get your Indiana High
School Equivalency Diploma, become certified in a high-demand industry and match
your skills with new career opportunities to find a new job. All of these services and
more are free of charge. Log on to http://www.workoneworks.com to find out more.

Are there any other programs to help unemployed Hoosiers with food, rent, or other items?
Visit The Indiana Department of Workforce Development’s (DWD) website at
http://www.in.gov/dwd. Click on “Unemployment for Individuals”, then click on “Resource
Guide for the Unemployed” on the left side of the page. This guide provides information
about other programs that can help while y

As of June 25, 2013, Indiana University reported 25,000 Lake County residents as unemployed. While the overwhelming majority of those are not receiving extended benefits, it is clear that many local residents will be affected. Statewide it is estimated that 20,000 will lose benefits immediately with many more losing benefits in the coming weeks when the 26 week benefit expires.

City of Gary Says Sheraton Project is Neighborhood Stabilization

19 Dec

by Ken Davidson

At last night’s meeting of the Gary Redevelopment Commission, the Board approved a contract for environmental monitoring of the Sheraton Hotel project. The contract was awarded to Shrewsberry and Associates, LLC of Indianapolis. Shrewsberry and Associates has strong ties to State democrats, including former Chairman of the Indiana House Ways and Means Committee William Crawford. Crawford came under fire for not disclosing his financial interests with the Firm when he was appointed to Ways and Means. Shrewsberry no longer lists its Board of Directors on its website or in public filings that are readily available.

The original Request for Proposals for the demolition called for the contractor to include asbestos remediation and monitoring within the proposal. This additional cost was calculated into the bids submitted by others who were not aware that the Board would later hire another firm and pay that firm separately.

All of this is not unusual for Gary. Although the above is questionable, at best, the Gazette receives reports of such irregularities on a semi-consistent basis. What makes this proposal astounding is how the City apparently plans to pay for the additional cost. The Gazette has learned that the City has included the Sheraton Property in the 2014 Neighborhood Stabilization Plan.

The Neighborhood Stabilization Program (NSP) was established by the Department of Housing and Urban Development (HUD) for the purpose of stabilizing communities that have suffered from foreclosures and abandonment. Through the purchase and redevelopment of foreclosed, abandoned and short-sale homes, the program’s goals is being realized.

The grant information provided by the City appears to reference this purpose:

[NSP] appropriates $2,717,859 for the purpose of assisting in the redevelopment of abandoned and foreclosed homes.The grant program is commonly referred to as the Neighborhood Stabilization Program (NSP).

The Times of Northwest Indiana Legal Notice 12-19-2013

The Notice goes on, however, to list the “neighborhood surrounding the old Sheraton Hotel and its adjoining garage located at 465 Broadway” as an area of additional need. The Sheraton is not only a commercial property, it lies in the major commercial zone of the City. Sitting between City Hall and a Township owned office building, the structure is blocks from any residential structure. The neighborhoods that SHOULD receive relief under the program will not receive the funding intended for them. In fact, it seems likely that Gary will end up repaying another very large grant to the Federal Government.

With 10,000 abandoned homes, one would think that every cent of the NSP funds would go toward rehabilitation of residences.

False Jobs Report: Sen. Coats Calls for Investigation

24 Nov

by Ken Davidson

Citing “serious trust issues”, Senator Dan Coats has penned a letter to the heads of Commerce, Labor and Securities requesting a full investigation. The scandal comes after a Philadelphia area employee alleges he was told by a supervisor to submit false numbers. The New York Post alleges the scandal goes straight to now Chicago Mayor Rahm Emmanuel. The reports allegedly caused the official unemployment numbers to drop below 8% in the weeks prior to the 2012 elections providing Americans with a sense that the economy was doing better than it actually was.
 

This is a serious allegation that can have serious impacts on our
economy and our markets. The monthly jobs report provides critical data
that influences markets, industry and Federal Reserve policy. As the
ranking member of the Joint Economic Committee and a member of the
Commerce Committee, I am calling for an investigation into this matter.

One of the jobs reports in question, released in October 2012 just
ahead of the presidential election, showed that the unemployment rate
had dropped sharply from 8.1 percent to 7.8 percent even though the
economy had added only 114,000 jobs.

This administration has a serious trust deficit with the American
people. From Benghazi to the IRS enemies list and most recently, the
many broken promises with Obamacare, we have seen an alarming pattern
of a lack of transparency and a lack of accountability from this
administration.

These recent allegations regarding the jobs report only add to the
mistrust the American people have of this administration.

Schererville Crime Watch Offers Holiday Shopping Safety Tips

21 Nov

A special thank you to Schererville Crime Watch for these great tips:

With the Christmas Shopping season upon us it is important to remembe the following tips:
1. Shop during daylight hours when possible.
2. Avoid wearing jewelry.
3. Do not carry a purse or wallet if possible.
4.Carry your identification and credit cards in a front pocket.
5. Stay Alert to your surroundings.
6. Avoid carrying cash.
7. Avoid overloading yourself with packages.
8. Be aware of strangers approaching you for any reason. Con-artists may
try to distract you with intentions of taking your money or belongings.
9. Before entering a parking lot prepare yourself to take action if need be. Have your keys out and survey the area around your vehicle. If possible let a loved one know that you are leaving the store and heading home.

Indiana Housing Agency to Host Forum on Abandoned Homes

23 Oct
Gazette Staff


The Indiana Housing and Community Development Authority and a group of bi-partisan elected officials including Mayor Karen Freeman-Wilson and State Senator Earline Rogers will host a public forum to address blighted, vacant and abandoned homes.  The forum will be held October 28, 2013 at 6:00 p.m. and the public is encouraged to attend.
Public forum to be held October 28, 2013 at 6 p.m. in Gary.  The event will be held at the YWCA of Northwest Indiana, 150 West 15th Avenue, Gary, Ind.

The Hardest Hit Fund is a national program available in 18 states and the District of Columbia. Indiana was awarded more than $221 million under the Hardest Hit Fund and is targeting low- to moderate-income homeowners whose primary residence is in any county in Indiana. The State of Indiana, through IHCDA, is exploring the use of a portion of the Hardest Hit Funds to demolish blighted and abandoned homes that are beyond repair. The goal is not simply to demolish abandoned homes, but to stabilize property values in Indiana communities. The proposed partnership between IHCDA and Indiana municipalities would allow communities to demolish blighted properties and offer a variety of end uses for the newly cleared properties including green space and redevelopment. IHCDA, Lt. Governor Sue Ellspermann, IHCDA's Board Chair, Mayor Freeman-Wilson, Senator Rogers and Senator Merritt believe that the demolition of abandoned and blighted homes would be a significant step toward rebuilding Hoosier communities. Since IHCDA's announcement that it was exploring the use of Hardest Hit Funds to eliminate blighted and abandoned properties, many have expressed concern that doing so might detract from the mission of helping struggling homeowners avoid foreclosure. IHCDA would like to reassure the public that it is committed to using the majority of Hardest Hit Funds to help individual homeowners in need. As of September 30, 2013, more than 2,250 homeowners have received approximately $24 million in Hardest Hit Fund mortgage payment assistance; and another $49 million has been set aside to provide mortgage payment assistance to approved homeowners currently enrolled in the program.
If you are unable to attend the public hearings, please submit written comments to feedback@ihcda.in.gov<mailto:feedback@ihcda.in.gov> by Monday, Dec. 2, 2013.