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Business & Lifestyle

Midwestern farmers may stand to lose billions in trade war

ANKENY, Iowa (Heartland Newsfeed) -- Midwestern farmers may expect to lose billions of dollars this year should the trade war continue to escalate between the United States and China. The country imposed $50 billion in tariffs on American exports of soybeans and additional agricultural products Friday in retaliation to tariffs imposed in the States on Chinese imports, which was described by President Donald Trump as combating "unfair practices related to the acquisition of American intellectual property and technology." The two […]

todayJuly 9, 2018 25

Business & Lifestyle

McMahon set to spend $500 million in XFL revival

STAMFORD, Conn. (Heartland Newsfeed) -- World Wrestling Entertainment (WWE) chairman Vince McMahon is stating that he plans to spend $500 million over the first three seasons of the revived XFL. McMahon announced the return of the XFL on January 25 that he was planning to revive the league with a target relaunch date in 2020. The first incarnation of the league started in 1999 with their only live broadcast season being in 2001 as a joint venture between WWE (then […]

todayJuly 4, 2018 23

Business & Lifestyle

COMMENTARY: Bank of Springfield Center and SMEAA — a massive drain on taxpayers

(Heartland Newsfeed) -- The Illinois Policy Institute published a story Tuesday regarding the Springfield Metropolitan Exposition and Auditorium Authority (SMEAA) and the damning debt that Springfield taxpayers are on the hook for against their own will. Please note that I may be linking to some of IPI's articles in this commentary. Springfield-area residents often see as many as ten different governmental taxing bodies on their property tax bills each year, most of which include SMEAA. While being furthest from being […]

todayJune 27, 2018 25

Business & Lifestyle

Bitcoin hits new market low as price trades below $6,000

(Heartland Newsfeed) -- Bitcoin prices sunk below $6,000 in market trading Friday, busting below an already established low for 2018. Based on an average of all major Bitcoin exchanges, the average price of Bitcoin sunk to $5,938.18 at 3:51 PM CDT, surpassing a prior market low of $5,947, which took place in early February. As of publication, prices have recovered to an average of nearly $6,138 since the new low was established, but it shows brief signs of relief as […]

todayJune 22, 2018 4

Business & Lifestyle

Commentary: Supreme Court decision a slap to the face of small businesses

(Heartland Newsfeed) -- A U.S. Supreme Court decision made today marks yet another slap to the face of the free market and another example of the government intervening on behalf of Big Business. The recent decision now forces e-commerce retailers to pay (and essentially, charge) sales taxes, just like the ancient brick-and-mortar retailers do. Misinformed politicians like Andy Manar (D-Bunker Hill) claims this is a victory for downstate communities who have "claimed" economic decimation due to online shopping. It is […]

todayJune 21, 2018 12

Business & Lifestyle

Eight states recall melons citing salmonella outbreak in ongoing investigation

The U.S. Centers for Disease Control and Prevention and the U.S. Food and Drug Administration are investing a salmonella outbreak in eight states so far, according to the New York Post. Officials now warn residents in these states to discard pre-cut melons linked to the outbreak. Caito Foods LLC has reportedly issued a recall of pre-cut melon packages due to salmonella contamination according to the New York Post. This includes their pre-cut watermelon, honeydew, cantaloupe, and other medley products sold […]

todayJune 20, 2018 29

Business & Lifestyle

All-female state officers elected at Illinois FFA convention

SPRINGFIELD (Heartland Newsfeed) -- The Illinois Future Farmers of America (FFA) elected their new state officer team Thursday during the 90th annual Illinois FFA Convention at the Bank of Springfield Center, marking the first time in state FFA history that all major state officers are women. The officers were installed in the afternoon to serve in the upcoming 2018-19 term. Sophia Hortin, 18, of Fisher was elected state president, the seventh woman in the state organization's history. Hortin, a 2018 […]

todayJune 15, 2018 22

Business & Lifestyle

Ikea pledges to stop using plastic products within two years

Worldwide retailer Ikea is set to phase out their use of plastic products by 2020. This sustainability initiative reportedly comes as a result from the detrimental effects of plastic on the environment, according to The Guardian. While Ikea is best known as a global furniture retailer and home goods store, the company also offers dine-in options at most of their locations. This includes the use of plastic cups, plates, straws, and bags, most of which are difficult to recycle. These […]

todayJune 13, 2018 6

Business & Lifestyle

State reopens bids for Eagle Creek Resort redevelopment following rejected bid

SHELBYVILLE (Heartland Newsfeed) -- The State of Illinois will soon reopen bidding to redevelop the Eagle Creek Resort on Lake Shelbyville near Findlay. Ed Cross, a representative for the Illinois Department of Natural Resources revealed new details Monday regarding a lone bid received from Sullivan-based Sullivan Harbor, which was rejected. No details were immediately made available on why Sullivan Harbor's bid was rejected and will present an update as more information is made available. Cross noted that a timeline was […]

todayJune 12, 2018 19

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