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Financial News

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Decision 2018

In spite of tax hike, ratings agency eyes change that could junk Illinois

SPRINGFIELD (Illinois News Network) -- Illinois could be on the fast track to a junk credit rating, despite lawmakers assuring that a tax hike in July would keep the state from the infamous designation. “If we don’t get this done we will become the first state in the history of the United States of America to be in junk bond status,” state Rep. Mike Unes, R-East Peoria, said this summer. He and several other Republicans joined Democrats in overriding Gov. […]

todayDecember 14, 2017 4

Chicagoland Region

Report: Markham mayor orders staff to give himself $70k raise with backpay

MARKHAM (Illinois News Network) -- Just months before a suburban Chicago mayor was indicted on bribery charges, his replacement reportedly gave himself a massive raise with back pay. Nonprofit watchdog Project Six reported that interim Markham Mayor Ernest Blevins gave himself a $70,000 raise after being appointed to the position of mayor by a vote of his fellow aldermen. Project Six uncovered a memo from Blevins to his human resources department stating that “the Mayor will receive budgeted compensation from the […]

todayDecember 14, 2017 28

Business & Lifestyle

Business limited in Raymond board’s first meeting in December

RAYMOND (Heartland Newsfeed) -- Discussion was limited, with very few items of business up for discussion in the Raymond Village Board’s meeting on Monday, December 4. Following approval of the meeting minutes from the November 20 meeting, an announcement was made by Streets Superintendent Mike Masten that there would be some road closures. The closures involved Broad Street and Springfield Road, which crosses across the Norfolk Southern railroad line which runs parallel to Illinois Route 48. The closures would take place […]

todayDecember 11, 2017 9

Carlinville lawsuit Libertarian Georgia Witt murder Missouri product liability Christian County court cases appearances
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Business & Lifestyle

$5.3 million jury verdict awarded to nurse following Heritage wrongful termination due to whistleblowing

PONTIAC (Heartland Newsfeed) -- In a press release made available late Saturday evening, a jury trial in Livingston County has concluded involving wrongful termination of employment due to blowing the whistle on her employer, reporting elderly abuse and neglect of residents at a nursing facility. Katrina Wesemann, a licensed practical nurse, was fired in October 2012 by Bloomington-based Heritage Enterprises, Inc. for reporting instances of elderly abuse and resident neglect at the Heritage Manor nursing facility in Dwight. Wesemann presented […]

todayDecember 10, 2017 20

Business & Lifestyle

State Rep: Bitcoin and blockchain here to stay as Illinois leads the way

CHICAGO (Illinois News Network) -- With the soaring price of digital currency Bitcoin, and the Chicago Mercantile Exchange Group set to launch futures beginning Dec. 17, one state representative says the technology is here to stay. Bitcoin broke $19,000 per coin Thursday before dropping 20 percent and then settling at more than $16,000. That’s more than triple what it was just three months ago. Back in 2010, Bitcoin prices were around $30. CME Group said on its website the value […]

todayDecember 8, 2017 4

Business & Lifestyle

More than $10.5 million in contracts awarded by Air Force for laser-guided bombs

WASHINGTON (UPI) -- The Boeing Co. has been awarded a contract by the U.S. Air Force for GBU-39 SDB, or laser small diameter bombs. The deal, announced Thursday by the Department of Defense, is valued at more than $10.5 million under the terms of a firm-fixed-price contract, meaning additional costs that may be accumulated by Boeing will not be reimbursed by the Pentagon. The small diameter bomb is preferred by the U.S. Air Force and other military services over the bulky […]

todayDecember 8, 2017 4

Business & Lifestyle

Witt opts to hire new city employee, solicits applications

WITT (Heartland Newsfeed) -- Following the resignation of Shawn Cady, the City of Witt deliberated in their November meeting on whether to hire a new city employee. The council, under the employment committee of mayor Greta Akers and aldermen Tim Taylor and Brandon White, met Tuesday in an hour-long public special session to review the job description for the job opening in question, which became available following Cady's departure last month. Following the discussion which took place during the meeting, […]

todayDecember 8, 2017 14

Business & Lifestyle

How Thailand has experienced the rise of the online streaming of sporting events

BANGKOK (Heartland Newsfeed/Guest Contribution) -- In Thailand, there are currently over 20 million households watch television today, roughly translating to 30 million individuals glued to their television screen. Recent studies have shown the highest concentration can be found among upcountry, urban households and that in the past three years, cable and satellite television has grown as much as 90%, but how will this trend change in the near future? In addition to cable and satellite television, Internet service is becoming […]

todayDecember 7, 2017 19

Business & Lifestyle

Decatur passes budget out of balance by $3 million

DECATUR (Heartland Newsfeed/Illinois Policy Institute) -- As its population and tax base erode, the city of Decatur passed a budget for fiscal year 2018 more than $3 million in the red. The Decatur City Council passed a budget more than $3 million out of balance Dec. 4, citing growing costs and declining revenues. The shortfall is a combination of deficit costs and a decline in multiple revenue streams – including revenue from sales taxes, cables taxes and hotel taxes, which […]

todayDecember 7, 2017 15

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