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Tickers: September 4

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Iowa Workforce Development (IWD) and Des Moines Area Community College (DMACC) are producing a new television series called “Iowa Works,” a half-hour feature dedicated to Iowans and their careers. It will air each Sunday at 11 a.m. on KCWI Channel 23 (Channel 9 on cable). The hosts are DMACC President Rob Denson and IWD Director Elisabeth Buck, who will share job search advice, career building tips, local and state job trends and other information for Iowans who are unemployed or wanting to climb the career ladder.

The exhibits at the Iowa Gold Star Military Museum, located at Camp Dodge in Johnston, will be unavailable for public viewing from Sept. 8 until Oct. 11.. During that time, the museum staff will be moving exhibits from their old building to the newly constructed exhibit hall. The staff anticipates reopening the exhibits to the public on Oct. 12. The museum office will remain open to schedule future tours. The anticipated ribbon cutting and grand opening date for the new addition will be April 8, 2010. The $4 million addition, which includes an 18,000-square-foot exhibition hall, library and education center, was funded with state of Iowa infrastructure funds and donations from Iowa’s military veterans. New additions to the expanded facility will include a U.S. Army UH-1 “Huey” Helicopter, a P-40 “Flying Tiger” airplane, a Vietnam-era armored personnel carrier and a WWII era halftrack. Upon completion, the museum will also contain one of the finest military small arms collections in the Midwest.

A former federal attorney in the U.S. trustee’s office will not participate in the bankruptcy case of developer John Kline, his attorney said today in a court filing arguing that he should remain on the case. Attorney Jerrold Wanek came under fire after Robert Gainer joined his law firm after leaving positions in the U.S. trustee’s and U.S. attorney’s offices in Des Moines. A motion filed earlier this week said Wanek should be removed from the case. However, Wanek said in a court filing that when Gainer transferred from U.S. bankruptcy court to the trustee’s office, a “Chinese wall” was erected to avoid potential conflicts. “The same situation applies in the case,” Wanek said in arguing that he should be allowed to represent Kline.

EPFR Global, which tracks investment funds, said in a report today that investors withdrew a net $4.95 billion from equity funds and added $5.06 billion to bond funds in the seven days ending Sept. 2, amid concerns about the strength of a world economic recovery, Bloomberg reported. “They struggled to make the connection between equity markets at 10- to 12-month highs and a global economy that has digested the bulk of the fiscal stimulus packages served up in recent months but continues to shed jobs,” wrote EPFR, which tracks funds with $10 trillion worldwide. U.S. equity funds incurred net withdrawals of $4.29 billion. Emerging-market funds for equities in Asia, excluding Japan, received a net $67 million, while China funds received $200 million, according to the report.

Canada recorded a surprise job gain in August, the first in four months, suggesting the country is emerging from its first recession since 1992, Bloomberg reported. Employment rose by 27,100, Statistics Canada said. The jobless rate increased to 8.7 percent from July’s 8.6 percent, the highest since January 1998, as the labor force grew faster than employment. Economists surveyed by Bloomberg predicted a job loss of 15,000 and unemployment at 8.8 percent. “This is very typical of what you see as the economy is emerging from a recession,” said Sheryl King, head of Canadian economics and strategy at Merrill Lynch Canada in Toronto. “We’ll take it.”

Business Record Daily will not be published Monday, Sept. 7, due to the Labor Day holiday.