The Daily Herald from Arlington Heights, Illinois • Page 22

PAGE 2 SECTION DAILY HERALD THURSDAY, OCTOBER 29, 2009 Your Investments 500 Close: 1,042.63 Change: 2 Nasdaq composite 2 120 Close: 2,059.61 Change: StocksRecap DOW HIGH 9902.42 LOW 9758.08 CLOSE 9762.69 CHG. WK MO A QTR YTD NYSE NASD DOW Trans. 3760.51 3634.99 3640.35 NYSE NASD DOW UtII. 371.30 365.85 366.05 Vol. (in mil.) 6,692 2,741 NYSE Comp.

6932.04 6760.52 6765.69 Pvs. Volume 5,432 2,362 NASDAQ 2111.84 2057.40 2059.61 A Advanced 322 413 500 1063.26 1042.19 1042.63 A Declined 2804 2310 400 685.81 663.07 663.37 A New Highs 25 11 Wllshire 5000 10964.93 10713.64 10720.04 A New Lows 16 47 Russell 2000 586.48 565.91 566.36 A Jobs in your home state Est. rate: 5.0% North Dakota -J and South Dakota The agriculture-focused economies held up during the recession. Unemployment is currently just below 5 percent. Est.

rate: 11.8% California- Americans will have to deal with a tough job market for a long time. One year from now, the unemployment rate is expected to climb above 10 percent in 16 states, compared with 15 now, according to IHS Global Insight. While an improving economy has helped fuel a stock market rally this year, lingering at 9.8 percent likely mean subdued consumer spending and lower profits in the coming year. That could keep a lid on stocks. Est.

rate: 15.1% Michigan The state, the heart of the U.S. auto industry, has the nation's highest jobless rate at 15.3 percent. The housing recession and government spending cuts hurt. Unemployment is currently at 12.2 percent. SOURCE: IHS Global Insight Estimated state unemployment rates in tlie fourth quarter of 2010 Est.

rate: 10.9% Rorida I Less than I to to I Higher than Retirees cut back on spending, hitting businesses, after home prices and stocks plunged. The jobless rate is 11 percent. Shaila Dani, Kristen Girard AP AcliveSlocks VOL VOL VOL NAME (Thous) LAST CHNG NAME (Thous) LAST CHNG NAME (Thous) LAST CHNG Citigrp 626,645 4.08 Microsoft 72,250 28.02 Goodyear 43,455 13.46 SPDR 231,152 104.41 SprintNex 71,037 3.24 Inc 43,020 26.08 BkofAm 209,362 15.01 Pfizer 59,332 17.21 DirFBull rs 42,128 69.48 IShEMkts 166,944 37.74 59,120 40.96 IVlGIVllVlir 41,820 8.91 ETrade 154,542 1.46 RegionsFn 58,536 4.82 Genworth 41,780 8.69 PwShsQQQ 132,199 41.39 RegionsFn 57,027 27.46 DirxSCBear 41,114 14.06 CITGp 127,082 1.06 LVSands 55,526 13.17 FannieMae 38,486 1.02 SPDR FncI 113,670 14.15 tvlotorola 53,848 7.96 MicronT 37,563 6.83 GenElec 106,165 14.42 Alcoa 53,171 11.93 ProUltFin 37,553 5.29 DIrFBear rs 96,342 22.93 Synovus 52,249 2.23 Vale SA 37,429 24.22 Fordfvl 94,252 6.96 Cisco 46,655 23.02 Verizon Cm 37,353 29.95 QwestCm 88,805 3.54 JPfVlorgCh 45,470 42.68 EMC Cp 36,915 16.45 Intel 86,238 19.03 ProUltSP 45,062 33.44 EMC Cp iShR2K 78,481 56.83 ProUShtRE 43,557 10.87 Stocks igns of a weaker housing market and a gloomier outlook on the economy gave investors more reasons to dump stocks. Major Indexes fell after the government said new home sales dropped for the first time in five months. The Dow fell 119 points, or 1.2 percent.

SanDlsk Corp. SNDK Close: $21.62 .07 or Goldman Sachs cut its rating and predicted a mediocre performance from the chip maker's stock over the coming months. $25 20 A 52-week range $5.07 $24.61 Vol rvlkt. Cap: $4.91 Verizon vz Close: $29.95 A0.75 or 2.6% Verizon Wireless' Droid will go on sale for $200 next week as the company taps into the growing appetite for smart phones. $34 $26.10 A 52-week range $34.90 (2.8xavg.) Mkt.

Cap: $85.08 Yield: 6.3% ConocoPhillips COP Close: $49.49 .41 Low natural gas prices and thin margins drove profits down, but the oil company is ramping up production as crude prices jump. $55 A 52-week range $57.44 Vol rvlkt. Cap: $73.39 Yield: 4.0% YTD 1YR NAME CLOSE CHG CHG CHG ATST Inc 26.08 Abbott Labs 51.02 Alcatel-Lucent 3.99 Allstate Corp 29.29 AMCOL IntI 27.42 Aon Corp 40.43 Aplargroup Inc 35.43 Baxter IntI 54.53 Boeing Co 47.22 Brunswick Corp 9.48 CF Industries 83.26 CME Group 308.02 Cabot Mlcroelect 32.88 Calamos Asset Mgmt 10.80 Career Education 22.00 DeVry Inc 56.13 Discover Fin Svcs 14.27 Donnelley RR Sons 20.26 Exelon Corp 47,80 Federal Signal 6.13 Fsl Midw Bcp 10.69 Fortune Brands 39.03 GATX 27.02 Gallagher AJ 22.39 Grainger WW 93.18 Hewitt Associates 36.31 Hospira Inc 45.69 Hub Group Inc 24.50 IDEX Corp 28.64 ITW 46.12 Inland Real Estate 8.31 JP Morgan 42.68 Kraft Foods 26.95 Lawson Prod 16.90 Littelluse Inc 24.40 McDonalds Corp 58.64 MIddleby 46.28 Molex Inc 18.56 Motorola Inc 7.96 Naico Holding Co 21.53 Navistar IntI 32.96 NIcorInc 37.27 Nthn Trust Cp 49.98 OfficeMax Inc 10.23 Packaging Corp Am 18.62 Pactiv Corp 23.23 PepslAmerlcas Inc 29.30 Sara Lee Corp 11.21 Scbawk Inc 9.72 Sears Ho'Ungs 68.36 Slerlcycle Inc 53.16 Tellabs 6.18 Tenneco Inc 13.51 UAL Corp 6.33 Utd Slallonrs 45.04 WMS Inils 41.76 Walgreen Co 37.09 Wlntrusl Financial 29.39 Zebra Tech 25.23 Stimulus seen producing 288 jobs in Illinois BY CAMILLE LE TALLEC Daily Hnnlil WASHINGTON Even if the government's numbers are to be believed, businesses with federal stimulus contracts have created just 288 jobs in Illinois so far, where the jobless rate increased to 10.5 percent in September. Data released by tlie federal government show that while federal contracts have saved or created 30,383 jobs throughout the country, states with unemployment rates higher dian the national average, like Illinois, have not benefited fiom them the most. An Associated Press review found that tlie number may be vastly overstated, but even if it's not, Illinois did not fare as well as many other states in job creation, ranking 30th.

That's too low for 6th Dist. U.S. Rep. Peter Roskam, a Wheaton Republican, who said the government's report shows tlie stimulus plan just isn't working. "Democrats promised that the 6th District would receive 7,600 jobs from the stimulus, but according to their own numbers, the entire state of Illinois hasn't received anywhere near that many jobs," he said.

"My constituents are struggling witli record unemployment, and Washington is only contributing more to the problem." U.S. Rep. Mark Kirk, a Highland Park Republican who is ruiming for U.S. Senate, agreed. He said only one in five dollars in the stimulus package is assigned to infra- stojcture and that's too low.

"Most of tlie stimulus will be wasted, because it will collapse when the bonowed money wall mn out," the 10th Dist. congressman said. Democratic 14th Dist. U.S. Rep.

Bill Foster, of Geneva, however, said the stimulus staved off a potentially more- serious crisis. "According to the Illinois Bureau of Labor, it appears that unemployment in tlie four largest counties in the 14th District peaked in June but since that time, because of the actions we took, more jobs were created not lost," he said in an e-mail last week. "While we have a long way to go to bring tlie economy back where it must be, we acted, and because we did, tiiou- sands of families across the 14th Distiict have benefited." Colorado, whose unemployment rate was 7 percent in September, is ranked first on the federal list with 4,695 jobs created. But only five jobs have been created in Rhode Island, which faced an unemployment rate of 13 percent in September, one of the highest in the coimtiy. Stimulus contracts were awai'ded to businesses by federal agencies.

The new obs figures come from a small slice of the $787 billion federal stimulus program: tlie $16 billion dedicated to federal contiacts, of which about $2,2 billion have been spent so far. But it's the first time the federal government has released actual job results of the stimulus program, and these figures provide tiie most complete pictiire of how efficient one component of die plan has been so far. Federal stimulus conti-acts allocated to Illinois businesses represent nearly $474 million, but only about $21.6 million has been received so far, a poor proportion compared to states awarded with similar amoimts. Performances among agencies vaiy widely, some with modest awards having created more jobs than others with more funds. For example, 58 jobs have been created in Illinois through contracts with the Depaitment of the Army, which has received about $1.4 million of a $19.4 million allotment, and the General Services Administi-ation created 55 Illinois jobs with $2.6 million from a $23.6 million allotment.

But the Federal Communications Commission, which has received almost all of its $698,145 allotment for Illinois, said it created 45 jobs in the state. The U.S. Army Corps of Engineers has received $2.9 million of an $84.2 million allotment but created only 16 Illinois jobs. The Department of Defense created just eight jobs witii $3.6 million of its $21.3 million allotment. Tlie American Recovery and Reinvestinent Act of 2009, passed by Congress on Feb.

13, 2009 includes $288 billion of federal tax cuts and incentives, an expansion of unemployment benefits and other spending on social entitlement woith of $224 billion. Federal agencies are using the remaining $275 billion recov- eiy funds to award contracts, grants, and loans around die country. The stimulus Web site, recoveiy.gov, has a map for people to see how many tiacts were awarded in their states, their Congressional distiicts, or in tiieir zip codes, and how many jobs tiie recipients of those contracts are claiming. rneiius may viaii www.daltyherald.com/oblts to express condolences and sign the guest book. NORTHWEST SUBURBAN Emily Auker of Hoffman Estates A memorial service for Emily Auker (nee Fischer), 85 formerly of North Port, will be held at 3 p.m.

Saturday, Oct. 31, at Prince of Peace Lutheran Church, 930 W. Higglns Road, Schaumburg. Born Jan. 24,1924, In Jersey City, N.J., she died Sunday, Oct.

25,2009, In Hoffman Estates. Emily was a longtime active member of Living Waters Lutheran Church In North Port, Fla. She was the wife of the late Charles F. Auker; mother of Gall (Dennis) Gibson and Barry (Monica) Auker; grandmother of seven; and great-grandmother of 12. For Information, Lauterburg Oehler Funeral Home, Arlington Heights, 847-2535423.

Thomas Baum lifelong resident ofDes Plaines The funeral service for Thomas Baum, 67, will be held at 9:15 a.m. Saturday, at Oehler Funeral Home, 2099 St. (Route Highway at Rand Road), Des Plaines. Interment will be in All Saints Cemetery. Visitation will be from 3 to 9 p.m.

Friday, at the funeral home. Mr. Baum died suddenly of a heart attack Tuesday, Oct. 27,2009. Tom was a professional drag racer.

For many years, Tom, known as "The ran "The a blown alcohol dragster. Tom's many friends and fans In drag racing will miss his spontaneous wit, his unique passion for the sport and his enduring friendship. He was the son of the late James and Cecilia Baum; loving brother of Richard J. Sr. (Bonnie) Baum; dearest uncle of Terl (Frank) Sellars, William (Mary Ellen) Baum, Michael (Tobin) Baum and Richard J.

Baum proud great-uncle of Cecilia and Diane Sellars, Rose and Robbie Baum, and.KrIstlan Baum; and dear cousin and friend to many. For information, 847-824-5155. (Dignity) Clare A. Bergquist formerly of Mount Prospect The funeral Mass lor Clare A. Bergquist (nee Friedrlch), 83, of Algonquin, will be held at 10 a.m.

Friday, at St. Cecilia Church, 700 S. Meier Road, Mount Prospect, where she will lie in state from 9 a.m. until the time of Mass. Entombment will be in All Saints Mausoleum.

Visitation will be from 3 to 9 p.m. Thursday, Oct. 29, at Lauterburg Oehler Funeral Home, 2000 E. Northwest Highway, Arlington Heights. Born Nov.

16,1925, she passed away Tuesday, Oct. 27,2009. She was the wife of the late Leonard mother of Nancy L. (Tim) Hanley and Cary (Cathy) Bergquist; and grandmother of Corl Bergquist, Ashley (Rich) Gowers and Emma Bergquist. Memorial contributions to the American Heart Association or the American Diabetes Association appreciated.

For Information, 847-253-5423. Jobs: Some jobs never created Continuedfrom Page 1 plan already had helped pay for more than 30,000 jobs. The administration said the number was evidence that the stimulus program had exceeded early expectations toward reaching the president's promise of creating or saving 3.5 million jobs by the end of next year. But die 30,000 figure is overstated by tiiousands at the very least by nearly 5,000, or one in six, based on AP's limited review of some of the contracts because some federal agencies and recipients of the money provided incorrect job counts. The review found some counts were more than 10 times as high as die actual number of jobs; some jobs were credited to stimulus spending when, in fact, none were produced.

The Wliite House says it is aware there are problems. Ed DeSeve, an Obama adviser helping to oversee the stimulus program, said agencies have been working widi businesses that received the money to correct mistakes. Other errors discovered by the public also be corrected. he said. "If tiiere's an error tiiat was made, let's get it fixed," DeSeve said.

There's no evidence the Wliite House sought to inflate job numbers in the report, but the administiation embraced the flawed figures die moment diey were released. The figures released earlier this month claimed jobs linked to roughly $16 billion in federal contracts, an initial report on a small fraction of the total stimulus program. DeSeve said federal officials had only a few days to go through the data for errors before diey were made public. It's not clear just how far off the 30,000 claim was. The AP's review, which was not an exhaustive accoimting of all 9,000 contracts reported by die government so far, homed in on the most obvious cases of jobs wrongly tied to the stimulus because of duplications or misinterpretations of how the jobs should be counted.

While the thousands of overstated jobs represent a tiny sliver of the overall economy, they represent a significant percentage of the initial employment coimt credited to the stimulus program. Betty T.Christian of Palatine Visitation for Betty Christian (nee Thelen), 82, formerly of Elk Grove Village, will be from 9 a.m. until the time of service at 11 a.m. Saturday, at Ahlgrim and Sons Funeral and Cremation Services, 330 Golf Road, Schaumburg. Interment is private.

Betty was the loving wife of the late Frederick Christian; loving mother of Barry (Marilyn) Christian and the late Pamela Christian; loving grandmother of Jessica Erin (Ryan) Halg; and loving sister of Frank Albert. Please omit flowers. Memorials will be appreciated to the American Parkinson Disease Association, 2050 Pfingsten Road, Suite 127, Glenview, IL 60026-1391. Fgrjnformafen, Iris G. Hippie of Arlington Heights Iris G.

Hippie (nee Crossley), 91, died Sunday, Oct. 25,2009, at Northwest Community Hospital, Arlington Heights. Funeral services and Interment are private. Iris was born June 13,1918, in Leeds, N.D. She had worked as a secretary for School District 25 for many years.

She also rolunteered at Northwest Community Hospital until 91 years old, with over 10,000 hours of service. She will be deeply missed by many. Iris was the wife of the late Donald; mother of Craig (Doretta), Scott (Karen), and the late Mark, Kent and Sallyann Hippie; and grandmother of Lance, Crystal (Doug) Schaub, Jason (Mary), Tegan, Levon, Elijah, Jordan, Donald and Tony Hippie. In lieu of flowers, contributions may be made to Northwest Community Healthcare Foundation, 3060 Salt Creek Lane, Arlington Heights, IL 60005. For Information, Meadows Funeral Home, AldinaRoseKluk Visitation for Aldina Rose Kluk (nee LaurettI), 75, will be from 4 to 8 p.m.

today, at Shalom Memorial Funeral Home, 1700 W. Rand Road, Arlington Heights. A funeral Mass will be celebrated at 9:30 a.m. Friday, at Our Lady of the Wayside Catholic Church, 434 W. Park Arlington Heights.

Interment will be in Randhill Park Cemetery. Aldina was the beloved wife for 52 wonderful years of Peter; loving mother of DIna (Kevin) Morrison; cherished grandmother of Kevin Morrison; dear sister of Angela (Tobias) Panlce, and the late Armando (Marie) LaurettI and Anna Billings and sister- in-law of the late Evelyn (Theodore) Mayer; and a treasured aunt, cousin and friend of many. Aldlna's greatest joy was her family. She will be missed by all who knew her. In lieu of flowers, memorials may be made to Heartland Home Health Care Hospice, 220 N.

Smith Suite 420, Palatine, IL 60067. For Information, 847-255-3520. ISS. Memorial Funeral Home.