Arkush: Injuries could create problems for Bears
TUESDAY, JULY 30, 2013
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AS AMERICA AGES • PART THREE
An uncertain future
Two accused robbers set to enter plea Charged in foiled bank heist By CHELSEA McDOUGALL
At a glance
cmcdougall@shawmedia.com
Kyle Grillot – kgrillot@shawmedia.com
Eddie Weingartner of Marengo fills out paperwork Wednesday during a Networking to Success Job Club session at the Shah Center for Corporate Training.
Many delay retirement, take on more work By STEPHEN Di BENEDETTO sdibenedetto@shawmedia.com
and ASHLEY SLOBODA asloboda@shawmedia.com
C
heri Moehling at 57 has sent out more résumés – six a week – and has responded to more job ads since being laid off in January than ever before in her working life. The Woodstock resident, who is creeping toward an age where other baby boomers start honing retirement
plans, realizes her age plays a major factor in a job search that seemingly has no end. It’s something she has accepted since the housing bubble popped and the economy receded in the late 2000s. Moehling had worked at a Crystal Lake car company for seven years, until downsizing forced her to be laid off, she said. Moehling then found work at a construction company in Woodstock around the time of the economic recession, but a slow
housing market ultimately forced the company to cut back late last year. “All the time, I’ve worked my whole life, I never knew of being laid off or being fired,” Moehling said. “You worked until you decided to move on, but in the last 10 years, you’ve seen more of that with companies. They just can’t keep people on. This was my second time to be laid off.”
See FUTURE, page A4
WHERE BOOMERS WORKED Public administration Agriculture 1.6% Other services Construction 5.7% 6.5% Leisure and 4.9% hospitality 5.5% 12.1% Manufacturing
14.2%
12.1%
Health care and social assistance
Wholesale and retail trade
10.1% Education Graphic by Emily Coleman – ecoleman@ shawmedia. com
6.4% 11.4%
Transportation and utilities Information 2%
7%
Professional and Financial business services
Source: Bureau of Labor Statistics, 2012
Retiring boomers could drain Social Security ty in the black. Since 2010, the two funds managed by the Social Security The droves of baby boomers Administration – one for retirleaving the workforce aren’t be- ees, their dependents and the deing replaced – at least not quick- pendents of deceased workers, ly enough to keep Social Securi- and the other for the disabled
By EMILY K. COLEMAN
ecoleman@shawmedia.com
and their dependents – have spent more than they have received in taxes, according to the administration’s 2013 annual report. The combined funds are expected to grow until 2020 because
of the interest earned off the surplus accrued over the years the baby boomers – those born between 1946 and 1964 – paid into the system.
See SOCIAL SECURITY, page A4
ONLINE THE BOOM ’46-’64
Soldiers returned from World War II to an economy that exploded and brought prosperity. They went to college, married, and started having babies – creating the largest generation of children ever born in the United States. The generation born during
these years, roughly 1946 to 1964, are social institutions, changing dynamics the baby boomers. within families and a shift in the econoThe Northwest Herald presents a my to handle retiring boomers. three-day series on baby boomers, who Articles will focus on: are turning 65 at a rate of 10,000 per Sunday – Family day. As they age, we can expect to see Monday – Health new pressures on our health care and Tuesday – Employment
Visit NWHerald. com to view a video, interactive timeline and demographics that define the generation.
CHICAGO – The two men who are accused of trying to rob a bank in Richmond in May while a third man was shot and killed by FBI agents are scheduled to be arraigned Tuesday. Aaron Russell, 40, of Orland Hills and Roberto Favela, 34, of Chicago were charged in May with one count each of attempted bank robbery, conspiracy to commit bank robbery and using firearms during a violent crime. On May 10, Russell, Favela and a third man traveled from Chicago to Richmond, where they planned to rob the local Associated Bank, authorities said. But the would-be robbers were thwarted by FBI agents, who had been investigating the men for a string of armed robberies of Chicago-area jewelry stores, authorities have said.
Aaron Russell, 40, of Orland Hills and Roberto Favela, 34, of Chicago were charged in May with one count each of attempted bank robbery, conspiracy to commit bank robbery and using firearms during a violent crime. They are set to enter a formal plea at 10:30 a.m. Tuesday before U.S. Magistrate Judge Sheila Finnegan.
See PLEA, page A4
Judge tosses bid for hastened Ill. concealed carry By JIM SUHR
At a glance
The Associated Press ST. LOUIS – Gun-rights advocates who failed to sway a federal judge into letting Illinois residents immediately tote firearms in public under the state’s new concealed-carry law announced Monday they’re asking an appeals court to intervene. The notice of appeal to the Chicago-based 7th U.S. Circuit of Appeals by Mary Shepard and the Illinois State Rifle Association came three days after U.S. District Judge William Stiehl tossed out their lawsuit, siding with the state in ruling it is moot. The Illinois Legislature passed the last-in-the-nation concealed carry law July 9 against Gov. Pat Quinn’s vehement objections. It gives Illinois State Police 180 days to set up a program
In a 10-page ruling, U.S. District Judge William Stiehl agreed with the position of Illinois Attorney General Lisa Madigan’s office: Challenging the legality of the span state police have to set up the program would require Mary Shepard and the state rifle group to file a new complaint spelling out why such a wait is onerous or illegal.
See JUDGE, page A4
LOCALLY SPEAKING Wild Onion Brewing Co. co-owner John Kainz
CARY
CRYSTAL LAKE
D-26 APPROVES ITS 2013-14 BUDGET
D-47 FACES STRING OF POSSIBLE DEFICITS
The District 26 school board approved its 2013-14 budget. The $36.3 million spending plan will allow the district to have dedicated art and music teachers, and increased physical education instruction. This is the fourth consecutive year the district has projected a balanced budget. For more, see
Crystal Lake School District 47 faces a future of deficits starting in fiscal 2013-14, according to the most recent financial forecast. Despite a projected surplus of $182,009 in operating funds, the district is expected to run a deficit of $234,221 across the four major funds that include operating, debt service, working cash and life safety. For more, see page B1.
page B1.
Tarah Thorne – tthorne@shawmedia.com
LAKE BARRINGTON: Onion Pub & Brewery celebrates 10th anniversary. Business, B4
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