Category: Health Insurance


Military personnel could begin seeing more limited pay raises beginning in 2015 as part of the Pentagon’s efforts to trim $487 billion from its budget over the next decade.

In a release of the highlights of the Defense Department’s fiscal 2013 budget proposal, Defense Secretary Leon Panetta outlined plans to rein in growth of military compensation and benefits spending as part of the deficit reduction efforts. The department will seek savings through limiting pay raises, switching to a “tiered” approach to the TRICARE health insurance program and upping enrollment fees.

The department’s plan would allow full pay raises in 2013 and 2014 to keep pace with increases in private sector pay. Beginning caps on pay raises in 2015 will “give troops and their families fair notice and lead time before these proposed changes take effect,” Panetta said.

The current proposal makes no specific recommendations to target military retirement benefits as a source of savings, but calls on lawmakers to establish a commission to “conduct a comprehensive review of military retirement in the context of total military compensation,” according to the budget document released Thursday.

The department’s $525 billion fiscal 2013 budget request is $7 billion below the fiscal 2012 base budget and $45 billion below last year’s budget request for fiscal 2013.

The Pentagon hopes to achieve $260 billion of the necessary savings by fiscal 2017. According to the budget document released Thursday, $60 billion of those savings will come from “excess overhead, operations expenses and personnel costs,” including “reductions in planned civilian pay raises.” The budget document does not detail those reductions. The administration plans to unveil its full budget request Feb. 13.

WASHINGTON – U.S. factory output surged in December by the most in year. Stronger demand for business equipment, vehicles and energy offered the most visible evidence that manufacturing has roared back from the depths of the recession.

The Federal Reserve said Wednesday that manufacturing increased 0.9 percent in December, the biggest gain since December 2010. And the overall output of the nation’s factories, mines and utilities grew 0.4 percent in December. Warm weather dampened demand for energy produced by utilities.

Industrial output is less than 5 percent below its pre-recession peak, reached in September 2007. It has increased more than 14 percent since hitting a recession low in June 2009.

Manufacturing activity remains nearly 8 percent below its pre-recession peak in July 2007. Yet it has increased almost 15 percent from its recession low. The recession hit manufacturing harder than the overall industry, so its path to recovery has been a little slower.

Factories benefited in the second half of 2011 from a number of trends. Consumers bought more cars. Businesses boosted spending on industrial machinery and computers. And companies are restocking their warehouses again after cutting inventories over the summer.

Still, Europe’s debt crisis has already started to dampen demand for American exports. That could slow manufacturing and threaten growth in the 2012.

In December, factories made more goods that are used early in the production process — construction materials, metals and wood products. That typically signals that production of finished products will increase in the coming months.

Other reports showed manufacturing is picking. New orders rose and production increased last month, according to a private survey by the Institute for Supply Management. The government said factories hired a net 23,000 workers — the best job growth for the sector since July.

The New York and Philadelphia regions also saw a rise in demand for goods at the end of the year, according to surveys by the Federal Reserve banks in those areas. And the Federal Reserve Bank of New York said Tuesday that January’s growth in the region was the best in nine months.

In November, industrial production declined for the first time in seven months. And factory production, the biggest single element of industrial production, fell. Manufacturers produced fewer cars, home appliances, electronics and business equipment.

Economists blamed temporary factors for the decline, such as severe flooding in a region of Thailand that produces hard drives for many of the world’s computers.

Prior to November, factory output was strengthening after a spring slump brought on in part by the Japan earthquake and tsunami. That disrupted supply chains, which slowed U.S. auto production.

Car and truck manufacturers are busy again. U.S. automakers said November and December were the best sales months in 2011. GM’s December sales rose 5 percent, Ford’s climbed 10 percent and Chrysler’s surged a whopping 37 percent.

The last time the crime rate for serious crime – murder, rape, robbery, assault – fell to these levels, gasoline cost 29 cents a gallon and the average income for a working American was $5,807.

That was 1963.

In the past 20 years, for instance, the murder rate in the United States has dropped by almost half, from 9.8 per 100,000 people in 1991 to 5.0 in 2009. Meanwhile, robberies were down 10 percent in 2010 from the year before and 8 percent in 2009.

RECOMMENDED: US crime rate down: six key reasons

The declines are not just a blip, say criminologists. Rather, they are the result of a host of changes that have fundamentally reversed the high-crime trends of the 1980s. And these changes have taken hold to such a degree that the drop in crime continued despite the recent recession.

Because the pattern “transcends cities and US regions, we can safely say crime is down,” says James Alan Fox, a criminologist at Northeastern University in Boston. “We are indeed a safer nation than 20 years ago.”

He and others give four main reasons for the decline:

Increased incarceration, including longer sentences, that keeps more criminals off the streets.

Improved law enforcement strategies, including advances in computer analysis and innovative technology.

The waning of the crack cocaine epidemic that soared from 1984 to 1990, which made cocaine cheaply available in cities across the US.

The graying of America characterized by the fastest-growing segment of the US population – baby boomers – passing the age of 50.

The data point to a persistent perception gap among Americans. Despite strong evidence of crime dropping over recent decades, the public sees the reverse. “Recent Gallup polls have found that citizens overwhelmingly feel crime is going up even though it is not,” says Professor Fox. “This is because of the growth of crime shows and the way that TV spotlights the emotional. One case of a random, horrific shooting shown repeatedly on TV has more visceral effect than all the statistics printed in a newspaper.”

In many police departments across the US, changes during the past decade or more are hard to overstate, say many law enforcement experts.

Technology has given detectives powerful new tools with which to analyze blood and DNA samples or other forensic evidence, for instance.

Computerized “hot spot” crime mapping has also helped police connect dots in ways that were more difficult before.

From pushpins to databases

“We used to put pins on a map to figure out what the patterns were and where to concentrate our limited resources,” says Tod Burke, a former police officer in Maryland who now teaches criminal justice at Radford University in Virginia. “Now we have databases and computers. It’s really gotten a lot more sophisticated.”

Beyond technology, law enforcement personnel are much better educated and trained today than ever before, adds John Paitakes, professor of criminal justice at Seton Hall University in New Jersey. They’ve also benefited from leaders like William Bratton, who recast policing in Boston, New York City, and Los Angeles by applying the “broken window” theory posited by social scientist James Q. Wilson in 1982. The theory held that run-down and vandalized areas were more prone to serious crime than were areas kept in better order.

Mr. Bratton has proved that “by handling the smaller crimes and dealing with the quality of the local environment, you prevent some of the bigger crimes,” says Professor Burke.

Communities have also become smarter at addressing crime. Social programs and services for youths have successfully targeted those hours after school when most youth crime is committed – though recent budget cutbacks could endanger those advances.

“There is evidence that … gang intervention programs involving the police and community leaders, after-school programs, and community outreach programs are having a positive effect,” says Frederic Reamer, professor of social work at Rhode Island College in Providence.

Not all the steps taken against crime are uniformly seen as positive, though.

Mandatory-sentencing rules, such as “three strikes” laws that have spread to states including Cali­fornia, Flor­ida, and Pen­nsyl­vania since 1993, have had a positive impact on crime rates. But Fox of Northeastern suggests that the cost of incarcerating more Americans has other less-desirable effects.

“It certainly is true that while someone is incarcerated they can’t be out on the streets doing crime,” he says. “But at what cost to the education that could keep them from crime in the first place? We are robbing Peter – i.e., the education system – to pay Paul – the penal system. It’s impossible to call that a clear victory.”

There are additional theories as to why crime has dropped, theories that some see as insightful and others say are overstated. A 2001 study by economists John Donohue of Yale and Steven Levitt of the University of Chicago suggest that legalized abortion has reduced crime.

“These estimates suggest that legalized abortion is a primary explanation for the large drops in murder, property crime, and violent crime that our nation has experienced over the last decade,” they wrote, arguing that the 1973 US Supreme Court decision Roe v. Wade helped preclude thousands of unwanted fetuses from being born into less-than-ideal environments. “Indeed, legalized abortion may account for as much as one-half of overall crime reduction.”

But Fox’s own analysis shows that such conclusions discount the significant decline in serious crime among age groups that would have been born prior to that landmark court decision. “It’s an interesting concept with some intuitive appeal, but I think they’ve overstated the case,” says Fox.

Gangs still difficult to address

One area that remains a problem for law enforcement is gangs, several analysts say. That’s primarily because stopping gang activity as it happens and jailing youths do not get at the heart of the problem. And now gangs are able to use the Internet as a recruiting tool.

“Gangs are now able to recruit with the click of a mouse rather than knock on doors,” says Burke. “It’s much easier for them to blanket the youth of their areas with the benefits for joining.”

“In essence, there are no shortcuts to success when it comes to a community gang problem,” says Joe Mollner, senior director of delinquency prevention for the Boys & Girls Clubs of America. “Arresting the violent offenders will help some, but unless there is a system in place to work with potential gang members who very likely will become violent offenders, we are not addressing the source of the problem.”

RECOMMENDED: US crime rate down: six key reasons

BUDAPEST, Hungary – Fitch Ratings downgraded Hungary’s credit grade to junk status on Friday, citing a standoff between the country and the European Union and the International Monetary Fund over rescue loans.

Fitch, which followed similar moves from Moody’s and S&P, kept a negative outlook, indicating a more than a 50 percent chance for another downgrade within the next two years.

The decision to cut Hungary by one notch, to BB+ from BBB-, was triggered partly “by further unorthodox economic policies which are undermining investor confidence and complicating the agreement of a new IMF-EU deal,” said Matteo Napolitano, Director in Fitch’s Sovereign Group.

Hungary late last year requested financial aid from the EU and the IMF. But the two institutions broke off preliminary negotiations amid concerns over new laws they fear could hurt the independence of Hungary’s central bank.

Government spokesman Andras Giro-Szasz said the downgrade was “surprising” considering statements from Prime Minister Viktor Orban and Tamas Fellegi, Hungary’s chief negotiator in the IMF-EU talks, confirming the country’s intention to soon reach an agreement with the international creditors and the government’s insistence about its support for the independence of the central bank.

On Friday morning, Orban met with National Bank of Hungary President Andras Simor and the government’s top economic officials.

Orban dismissed market speculation that the government was planning to tap central bank reserves to support the state budget and said the government would do everything in its power to support the central bank’s efforts to stabilize the economy.

Hungary’s currency, the forint, fell to all-time lows during two consecutive days this week. Yields on some government bonds jumped more than 2 percentage points in just a few weeks, as investors fretted about the uncertainty over the IMF deal and the government’s economic policies.

NEW YORK – The stock market is set to end a tumultuous year more or less where it started.

The Dow Jones industrial average slipped 26 points, or 0.2 percent, at 12,262 at noon Friday. The S&P 500 fell 1 point at 1,262. It’s up just 0.3 percent for 2011. The Nasdaq rose 1 point to 2,615.

McDonald’s Corp. is shaping up to be the biggest winner in the Dow this year with a gain of 31 percent. Bank of America Corp. is the worst, down 59 percent.

The conventional wisdom is the more risk, the greater the potential rewards. But the opposite is proving true this year: Investors playing it safe have gained the most.

The most dull and conservative of stocks — utilities — are up 16 percent, the largest gain of the ten sectors in the S&P 500. Other winning groups are consumer staples and health care companies, both up 11 percent in 2011.

In Europe, many of the biggest markets ended down in 2011. Britain’s FTSE 100 lost 5.6 percent, Germany’s DAX 14.7 percent.

There were no major economic reports scheduled for Friday. Trading has been quiet this week with many investors away on vacation. Volume on the New York Stock Exchange has been about half of its daily average.

Markets will be closed Monday in observance of New Year’s Day.

Better news on the job market and home sales lifted stocks Thursday, pushing the Dow up 135 points. On Friday Ford reported that its sales topped 2 million this year for the first time since 2007. Ford fell 0.1 percent.

In other corporate news:

• Sears Holdings Corp. fell 2 percent to $32.28 after Fitch Ratings downgraded the company’s credit rating to “junk.” Sears has plunged 30 percent this week after disclosing that it would close more than 100 Sears and Kmart stores because of weak holiday sales.

• Diamond Foods Inc. jumped 5 percent to $33.04. Rumors have been circulating that the hedge fund manager David Einhorn has acquired a stake in the food company that makes Emerald Nuts.

• AMR Corp., the parent company of American Airlines, fell 16 cents to 35 cents. The company filed for bankruptcy protection last month. Late Thursday the company said its stock would be delisted from the New York Stock Exchange next week.

CHICAGO, Nov. 7, 2011 /CHICAGOPRESSRELEASE.COM/ – DNP Select Income Fund Inc. (NYSE: DNP) and Duff & Phelps Utility and Corporate Bond Trust Inc. (NYSE: DUC), two closed-end registered investment companies (the “funds”) advised by Duff & Phelps Investment Management Co. (the “Adviser”), have provided an update on their efforts to obtain alternative sources of financial leverage that would enable them to provide additional liquidity to holders of preferred shares in light of the persistent failures in the auction markets.

Because the Adviser and the board of directors of the funds are committed to serving the best interests of both common and preferred shareholders, they continue to seek ways to provide liquidity to preferred shareholders without materially disadvantaging common shareholders and their ability to benefit from leverage. 

To date the funds have retired a portion of their outstanding preferred shares with funds borrowed under a credit facility, but are currently constrained in their ability to refinance all of their outstanding preferred shares with debt by two factors.

First, the Investment Company Act of 1940 requires each fund to maintain 300% asset coverage for debt leverage rather than the 200% required for preferred stock leverage. The Adviser has reviewed the potential use of reverse repurchase agreement (“reverse repo”) financing that would not be subject to the 300% asset coverage requirement, based on current guidance from the Securities and Exchange Commission (the “SEC”).  In a recent concept release on the use of derivatives by investment companies, the SEC has requested comment on whether it should revise its position so that reverse repurchase agreements are also subject to the 300% asset coverage requirement.  The Adviser is monitoring the SEC’s future actions on this topic in order to determine whether a reverse repo structure would offer a long-term solution to the funds’ leverage needs.

Second, the funds are limited in their ability to redeem additional preferred shares by the need to adhere to guidelines established by the two principal rating agencies as a condition of maintaining the AAA rating of the preferred shares. The funds are required by their charters to comply with each rating agency’s guidelines except when a rating agency has confirmed in writing that a proposed action would not adversely affect the rating then assigned to the preferred shares. Among other things, those guidelines require approval from the rating agencies in order for the funds to incur indebtedness.  When the funds obtained consent from the rating agencies to enter into their existing credit facilities, one of the agencies imposed a limitation that no more than 60% of the funds’ leverage could be in the form of debt. The Adviser has recently met with representatives of both rating agencies to discuss the funds’ desire to use additional borrowings and/or reverse repo financing to redeem additional preferred shares.  The Adviser has asked the agencies to consent to the use of such financing for that purpose (and has requested an increase in the 60% limit on debt leverage from the agency that imposed that limit).  The Adviser is awaiting a response from the rating agencies in order to determine whether a refinancing of additional preferred shares with debt and/or reverse repos would be feasible for the funds.

The outcome and timing of the SEC and rating agencies’ reviews are uncertain.  As soon as the funds receive clarity on the issues they will take action consistent with them, and consistent with the three principles that have guided the funds’ efforts to provide additional liquidity to preferred shareholders since 2008: a successful solution should not materially disadvantage common shareholders and their ability to benefit from leverage, the solution should be long-term in nature, and a solution should not encumber the investment process or reduce the pool of available investment alternatives. Because of all the foregoing considerations, the exact timing of any preferred share redemptions is uncertain. The Fund will announce any redemption through press releases and postings to its website.

DNP Select Income Fund Inc. is a closed-end diversified investment management company whose primary investment objectives are current income and long-term growth of income.  The fund seeks to achieve these objectives by investing primarily in a diversified portfolio of equity and fixed income securities of companies in the public utilities industries.  For more information, visit www.dnpselectincome.com or call (800) 864-0629.

Duff & Phelps Utility and Corporate Bond Trust Inc. is a closed-end diversified investment management company whose primary investment objective is high current income consistent with investing in securities of investment grade quality with emphasis on companies in the public utilities industries. For more information, visit www.ducfund.com or call (800) 338-8214.

Duff & Phelps Investment Management Co. has more than 28 years of experience managing investment portfolios, including institutional separate accounts and open- and closed-end funds investing in utilities, infrastructure and real estate investment trusts (REITs).  For more information, visit www.dpimc.com.

Duff & Phelps is a subsidiary of Virtus Investment Partners (NASDAQ: VRTS), a multi-boutique asset manager with $33.1 billion under management as of September 30, 2011. Virtus provides investment management products and services to individuals and institutions through a multi-manager asset management business, comprising a number of individual affiliated managers, each with a distinct investment style, autonomous investment process and individual brand.  Additional information can be found at www.virtus.com.

SOURCE DNP Select Income Fund Inc.


http://www.dnpselectincome.com

Preferred Shares Update: DNP Select Income Fund Inc. and Duff & Phelps Utility and Corporate Bond Trust Inc. | Chicago Press Release Services – Chicago’s leading press release newswire service; professional press release services, press release distribution and newswire services.



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LISLE, IL, Nov. 7, 2011 /CHICAGOPRESSRELEASE.COM/ – SXC Health Solutions Corp. (“SXC” or the “Company”) (NASDAQ: SXCI) (TSX: SXC), a leading provider
of technology and pharmacy benefit management (PBM) services, announces
that Tony Perkins, Senior Director of Investor Relations, will present
at the Credit Suisse 2011 Healthcare Conference in Phoenix, Arizona.
SXC’s presentation will take place on Thursday, November 10, 2011 at
1:30 pm Eastern Time.

SXC’s presentation will be webcast live, to access the webcast go to: http://cc.talkpoint.com/cred001/110911a_ah/?entity=84_QX7RON8

About SXC Health Solutions Corp.
SXC Health Solutions Corp. is a leading provider of pharmacy benefits
management (PBM) services and Health Care Information Technology (HCIT)
solutions to the healthcare benefits management industry. The Company’s
product offerings and solutions combine a wide range of PBM services
and software applications, application service provider (ASP)
processing services and professional services, designed for many of the
largest organizations in the pharmaceutical supply chain, such as
health plans, employers, federal, provincial, and, state and local
governments, pharmacy benefit managers, retail pharmacy chains and
other healthcare intermediaries. SXC is headquartered in Lisle,
Illinois with multiple locations in the US and Canada.

For more information please visit www.sxc.com.

SOURCE SXC Health Solutions Corp.

SXC Health Solutions to Present at Credit Suisse Healthcare Conference | Chicago Press Release Services – Chicago’s leading press release newswire service; professional press release services, press release distribution and newswire services.



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NEEDHAM, Mass., and CHICAGO, Nov. 7, 2011 /CHICAGOPRESSRELEASE.COM/ — Leaders of the computer industry standards organization OMG®, and Healthcare Information and Management Systems Society (HIMSS) a cause-based, not-for-profit organization exclusively focused on providing global leadership for the optimal use of information technology (IT) and management systems for the betterment of healthcare, have agreed to collaborate on several fronts, including standards development, conferences and resources such as whitepapers and webinars. OMG will become an Affiliate Member of HIMSS, and HIMSS will become a Domain Member of OMG. This collaboration will result in a new effort to deliver healthcare industry-specific guidance and specifications enabling the national vision of secure and seamless exchange of health information.

“I couldn’t be more excited about the emerging relationship with HIMSS. HIMSS’ impact and reach into the healthcare community is unprecedented, and OMG has a tremendous track record of producing practical, usable standards in dozens of vertical markets, including health.  Working together is a natural, symbiotic relationship. We believe we can positively contribute to the HIMSS community, and look forward to closer collaboration to better meet the challenges faced within health and health IT,” said Ken Rubin, co-chair, Healthcare DTF at OMG.

“This collaboration is a perfect match, bringing together OMG’s ability to drive standards and HIMSS deep wealth of healthcare knowledge. I look forward to supporting this effort and the contributions we can make to the HIMSS community,” said Robert Lario, principal, Visumpoint, co-chair, Healthcare DTF at OMG.

“Integration and interoperability of healthcare information has been a HIMSS strategic priority over many years,” said Jim St.Clair, Senior Director, Interoperability and Standards, HIMSS. “This collaboration with OMG, in conjunction with our leadership in the Integrating the Healthcare Enterprise (IHE) USA, adds another pillar of support to this priority for 2012.”

Initial collaborative activities include OMG Healthcare Domain Task Force participation in upcoming HIMSS events such as a Connectathon, a presentation on enterprise architecture during the November HIMSS virtual conference, and a presence at HIMSS12, scheduled for February 20-24 in Las Vegas. HIMSS will participate in the Semantic and SOA Services Information Day at the OMG Technical Meeting in Santa Clara, Calif. on December 14, in the upcoming OMG healthcare event Interconnected Health 2012, which will include a HIMSS track, and will participate on the program review committee. The groups have also agreed to author joint whitepapers.

About HIMSS
HIMSS is a cause-based, not-for-profit organization exclusively focused on providing global leadership for the optimal use of information technology (IT) and management systems for the betterment of healthcare. Founded 51 years ago, HIMSS and its related organizations are headquartered in Chicago with additional offices in the United States, Europe and Asia. HIMSS represents more than 40,000 individual members, of which more than two thirds work in healthcare provider, governmental and not-for-profit organizations. HIMSS also includes over 540 corporate members and more than 120 not-for-profit organizations that share our mission of transforming healthcare through the effective use of information technology and management systems. HIMSS frames and leads healthcare practices and public policy through its content expertise, professional development, research initiatives, and media vehicles designed to promote information and management systems’ contributions to improving the quality, safety, access, and cost-effectiveness of patient care. To learn more about HIMSS and to find out how to join us and our members in advancing our cause, please visit our website at www.himss.org.

About OMG
OMG® is an international, open membership, not-for-profit computer industry standards consortium. OMG Task Forces develop enterprise integration standards for a wide range of technologies and an even wider range of industries. OMG’s modeling standards enable powerful visual design, execution and maintenance of software and other processes. For more information, visit www.omg.org.

Note to editors: For a listing of all OMG trademarks, visit http://www.omg.org/legal/tm_list.htm. All other trademarks are the property of their respective owners.

SOURCE OMG (Object Management Group)


http://www.omg.org
http://www.himss.org

OMG and HIMSS to Collaborate on Healthcare Standards Development, Conferences and Resources | Chicago Press Release Services – Chicago’s leading press release newswire service; professional press release services, press release distribution and newswire services.



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The nationally-broadcast Magnificent Mile Lights Festival® presented by BMO Harris Bank celebrates its 20th anniversary on Saturday, November 19 with top musical performances, favorite characters from Walt Disney World® Resort in Florida, family-friendly activities and special holiday offers

CHICAGO, Nov. 7, 2011 /CHICAGOPRESSRELEASE.COM/ — Chicago’s Magnificent Mile Lights Festival® presented by BMO Harris Bank, the country’s largest evening holiday celebration, will ring in the 2011 holiday season for the nation on Saturday, November 19 with a “bigger, better and brighter” schedule of events. This year marks the 20th anniversary of the beloved holiday tradition.

One million people from around the country will travel to Chicago to experience a weekend of nonstop holiday offerings that lead up to a magical evening procession featuring more than 40 magnificent floats, helium-filled balloons, classic characters from Walt Disney World® Resort in Florida, lively marching bands and musical performances from top artists. Grand marshals Mickey Mouse and Minnie Mouse from the Walt Disney World® Resort will appear together on the lead parade vehicle for the second year in a row to illuminate one million lights on 200 trees along Michigan Avenue, One of the Great Avenues of the World.

The nationally-televised event will be broadcast on Saturday, November 19 from 6 p.m. – 7 p.m. CST in local markets on ABC 7 Chicago and in more than 65 markets around the country throughout the holiday season. Broadcast times are available in local listings.

Star appearances include star of Disney Channel’s hit series “A.N.T. Farm” and Hollywood Records recording artist China Anne McClain, along with her sisters Lauryn McClain and Sierra McClain; My Block/Columbia Records multi-Grammy Award-winning inspirational recording act Mary Mary; American Idol finalists Haley Reinhart and Casey Abrams; cast members of the Disney Channel Original Movie “Lemonade Mouth;” Jake and the Never Land Pirate Band as seen on Disney Junior; Radio Disney’s N.B.T. (Next Big Thing) artist Shealeigh from Chicago; Justin Roberts and the Not Ready for Naptime Players; Disney Music Group Artist Nathan Pacheco; and more.

The holiday celebration also includes:

  • A full lineup of live musical performances on the BMO Harris Bank Stage in Pioneer Court from 11 a.m. – 3:30 p.m. CST (401 N. Michigan Avenue);
  • “Lights Festival Lane,” an interactive, holiday wonderland featuring booths from BMO Harris Bank, Eli’s Cheesecake, DePaul University, Radio Disney/AM 1300, Chevy, John Hancock Observatory, The Museum of Science and Industry, DoubleTree by Hilton Chicago Magnificent Mile and more (401 N. Michigan Avenue);
  • A treasure hunt from BMO Harris Bank offering families great prizes and more information about BMO Harris Bank’s new “Helpful Steps for Parents,” a program designed to help parents get a jump start on saving for their children’s futures. Hubert the Lion will also be available for pictures;
  • The procession, starting at 5:30 p.m. CST, features a spectacular collection of floats from favorites including:
    • Mickey Mouse, Minnie Mouse, Donald Duck and Daisy Duck as well as favorite characters from Walt Disney World® Resort in Florida will add excitement to the procession;
    • Santa Claus will greet children of all ages as he flies over the John Hancock Center on his sleigh;
    • Harry Caray’s Restaurant Group will honor the city’s renowned sports culture with baseball great Ernie Banks, Dutchie Caray and other sports legends;
    • Garrett Popcorn Shops will provide samples of their world-famous popcorn along the procession route as it is freshly popped on their float;
    • Candyality, “Chicago’s sweetest destination,” will showcase a candy-inspired holiday wonderland featuring more than 10,000 lights and a truckload of candy;
    • The Chicago Flower & Garden Show (March 10 – 18) will provide a glimpse into the warmer seasons with their “Spring Experience” procession float, a “spring globe” infused with the colors, style and inspiration of “Hort Couture.”
  • Larger-than-life helium-filled balloons including Kermit the Frog sponsored by Disney’s “The Muppets,” a famous red-nosed reindeer and more;
  • Performances from local marching bands including Crystal Lake Strikers Drum-Line, Morton West High School Band; Loyola Academy High School Band and Proviso East High School Band as well as the Spring-Ford High School Band from Royersford, PA;
  • The stunning Fireworks Spectacular over the Chicago River, created from more than 10,000 handmade fireworks shells from Lumina, will serve as the grand finale of the beloved holiday event at approximately 6:55 p.m. CST;
  • Seasonal offers from participating businesses in The Magnificent Mile district including holiday hotel packages, shopping perks, dining specials and more.
  • For a complete list of offers and activities, visit www.themagnificentmile.com or follow The Magnificent Mile on Facebook, Twitter and foursquare.

    SOURCE The Greater North Michigan Avenue Association


    http://www.gnmaa.com

    The Country’s Favorite Evening Holiday Celebration Brightens Up the Season for Millions | Chicago Press Release Services – Chicago’s leading press release newswire service; professional press release services, press release distribution and newswire services.



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    CHICAGO, Nov. 7, 2011 /CHICAGOPRESSRELEASE.COM/ – Show your team how much you appreciate all of their hard work with a holiday party at Chicago Marriott Oak Brook. The hotel in Oak Brook is pleased to offer a way for businesses to put a little more cheer in the next meeting or a great way to throw a company holiday party.

    Book before the end of the year for any time before January 31, 2012, and choose one of the following ways to keep your team happy:

    • One-hour premium bar service (minimum purchase of three-hour open bar required)
    • Complimentary holiday-themed continental/coffee service
    • Double Marriott Reward Points (up to 50,000 points)
    • One complimentary Oak Brook hotel room for every 15 rooms booked
    • Complimentary champagne toast for all guests
    • 10 percent off any party scheduled on a Sunday through Thursday

    With 22 Oak Brook, IL, meeting rooms and more than 18,000 square feet of usable banquet space, our catering team has the experience, resources and room to make your holiday party the best it has ever been. And with 339 guest rooms, there is somewhere for everyone to end their night safely and peacefully. Book a holiday party that everyone will remember at Chicago Marriott Oak Brook.

    About Chicago Marriott Oak Brook

    Depart from ordinary Oak Brook hotels and discover exceptional service and luxurious accommodations at the newly renovated Chicago Marriott Oak Brook hotel, situated near Lombard, Naperville and Downers Grove. From Oakbrook Center Shopping to the Brookfield Zoo, this hotel in Oak Brook is ideal for a weekend getaway near Chicago. Revitalize the body and mind in deluxe Oak Brook, IL, hotel accommodations featuring state-of-the-art ADAPT Technology, 32-inch LCD TVs, plush bedding and amenities. For an eclectic dining experience, indulge the senses at 1401 West Restaurant and Bar, an impressive Oak Brook, IL, hotel restaurant. Providing the perfect atmosphere for a professional conference or sophisticated soiree, this hotel in Oak Brook, IL, provides the latest in technological enhancements and exclusive decor. Whether traveling for business or leisure, let the Chicago Marriott Oak Brook hotel envelop you in a sense of modern sophistication.

    For more information or to make a reservation, call 1-888-391-8724 or visit www.marriottoakbrook.com.

    SOURCE Chicago Marriott Oak Brook


    http://www.marriottoakbrook.com

    Make Your Holidays Merry When You Book Your Next Meeting or Holiday Party at Chicago Marriott Oak Brook | Chicago Press Release Services – Chicago’s leading press release newswire service; professional press release services, press release distribution and newswire services.



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