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Business & Lifestyle

MARTIRE: A historical lesson on tax cuts

To stimulate the U.S. economy to “levels you haven’t seen in many years”— President Trump is proposing to cut federal income taxes, for most folks in general, but predominately for really affluent families and mega-corporations. His proposal is so skewed to the wealthy that over the next 10 years, more than half of his multi-trillion dollar tax cut will go to the wealthiest one percent. Big business does well too, gaining an estimated $4.1 trillion tax cut during the next […]

todayNovember 22, 2017 18

Business & Lifestyle

Netflix: what’s coming and going in December

LOS GATOS, Calif. (Heartland Newsfeed) -- Netflix announced in their news release Tuesday that some big-screen films such as 8 Mile, Full Metal Jacket and Guardians of the Galaxy, Vol. 2 will be coming on the streaming video platform in December, with new seasons of The Crown and Peaky Blinders. Here's the full list of what's being added to Netflix in December: December 1 8 Mile Ace Ventura: Pet Detective Ace Ventura: When Nature Calls All Hail King Julien Season 5 […]

todayNovember 21, 2017 54

Business News

CBS fires Charlie Rose amid sexual harassment allegations

NEW YORK (UPI) -- CBS News announced Tuesday it has fired veteran broadcast journalist Charlie Rose. The move came a day after The Washington Post reported eight women alleged Rose behaved sexually inappropriately toward them between the late 1990s and 2011. The accusers -- who were former employees or people who sought jobs from Rose -- told the newspaper he groped them, made lewd phone calls to them and walked around nude in front of them. Rose, 75, has been a co-anchor […]

todayNovember 21, 2017 43

Business & Lifestyle

Effingham Kmart to see its last holiday shopping season

EFFINGHAM (Heartland Newsfeed) -- The Effingham Kmart on North Keller Drive is one of 45 Kmart outlets that will close in January as parent company Sears Holdings continues its wave of store closures, a Business Insider report said. The Effingham Kmart is the only Illinois outlet affected by the recent announcement, which also heralded the closure of 18 Sears stores throughout the country. The stores will all remain open throughout December for the holiday shopping period and close in January. […]

todayNovember 16, 2017 48

Business & Lifestyle

Congressional Dems propose taxpayer-funded private pension bailout

  SPRINGFIELD/WASHINGTON (Illinois News Network) -- Congressional Democrats want a Federal bailout of private sector pensions. An expert thinks that states like Illinois, with hundreds of billions of dollars in public pension debt, would try to be next in line, making the effort unfeasible. U.S. Sen. Sherrod Brown of Ohio is introducing legislation that would allow underfunded private pension systems to borrow from the Federal treasury, with no interest, in order to shore up their members’ retirement fund. The legislation, which […]

todayNovember 16, 2017 48

Business & Lifestyle

Illinois’ teacher shortage starts at college

NORMAL (Illinois News Network) -- The shortage of teachers in Illinois' high schools and elementary schools has its roots in the state's colleges and universities. The evidence of Illinois' teacher shortage is all around. A recent report said schools needed 2,000 teachers at the start of this year, and 16 percent of schools had to cancel something last year because they didn't have enough teachers. Troy Hinkel, the associate director of the Cecilia J. Lauby Teacher Education Center at Illinois State […]

todayNovember 16, 2017 52

Business News

McCaleb: Legislators break into song and dance when real fix is needed

(Illinois News Network) -- I've been called many things, but handy isn't one of them. When something around the house breaks, I usually take a look at the problem, dig through my toolbox, look some more, and then call someone to fix it. Don't get me wrong. I can change a lightbulb and even have replaced the battery in our smoke detector. But if something more complicated stops working – say, the washing machine – I don't have a chance on […]

todayNovember 15, 2017 22

Automotive News

GasBuddy analyst: gasoline prices unseasonably high, but relief is coming

BOSTON (UPI) -- Retail gasoline prices continue to put a strain on consumer pocket books late in the season, though relief is around the corner, a market report found. Motor club AAA reports a national average retail price for regular unleaded gasoline at $2.56 per gallon early Tuesday, up just a fraction of a percent from Monday but 40 cents per gallon higher than on this date last year. In its retail market report for the week, AAA said consumer demand […]

todayNovember 14, 2017 59

Business & Lifestyle

Illinois hospitals, doctors getting big payday from state, but ‘unpaid bills’ problem remains

SPRINGFIELD (Illinois News Network) -- Hospitals, doctors offices, nursing homes, and pharmacies across Illinois are in line for a huge payday this week. The state of Illinois is finally paying off about $9 billion in old Medicaid and other medical bills. Danny Chun, spokesman for the Illinois Health and Hospital Association, says hospitals across the state are grateful for the money even though this payday doesn't bring them all the way back to even. "There are still bills out there that hospitals won't […]

todayNovember 14, 2017 21

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