Business & Lifestyle

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Business & Lifestyle

Phelps, Reis vote to hike taxes, Severin votes no

SPRINGFIELD (Heartland Newsfeed) -- In a move that Republican leaders say cut off negotiations, the House passed a bill Sunday that nets $5.4 billion in revenue by raising income and corporate taxes and creates several new taxes on services. Rep. Brandon Phelps (D-Harrisburg) voted for the 33 percent tax hike and despite the Republican leaders’ opposition, fifteen House GOP members also voted to approve the measure, including Rep. David Reis (R-Olney) and Rep. Sara Wojcicki Jimenez (R-Leland Grove). Rep. Dave Severin […]

todayJuly 4, 2017 75

Business & Lifestyle

Illinois state Rep. Chad Hays won’t seek re-election in 2018

SPRINGFIELD (Heartland Newsfeed via Illinois Policy) -- State Rep. Chad Hays (R-Catlin) announced Monday that he will not seek re-election to his seat in 2018. He was first elected to Illinois House of Representatives in 2010 and has served in the House as assistant minority leader since 2013. The announcement comes just one day after Hays joined 14 other Illinois House Republicans in voting for a permanent income tax increase. The tax increase, which would impose $5.4 billion in higher […]

todayJuly 3, 2017 33

Business & Lifestyle

South Korean president: ‘retreat’ not an option on North Korea

Elizabeth Shim United Press International WASHINGTON (UPI) -- South Korean President Moon Jae-in said a "retreat" from the threat of North Korea's growing nuclear weapons program is no longer an option, echoing earlier statements from U.S. President Donald Trump "patience is over" as a strategy when dealing with Pyongyang. "Even as we face the most imminent and dangerous menace in the world, we should no longer continue to retreat but move forward and take a new leap toward the future," Moon said Friday at the Center […]

todayJuly 1, 2017 34

Business & Lifestyle

Berkshire Hathaway buys Bank of America stock, sees $11.7 billion profit

Ed Adamczyk United Press International OMAHA, Neb. (UPI) -- Berkshire Hathaway Inc. will be Bank of America's largest stockholder and will receive a profit after announcing Friday it plans to purchase 700 million shares. Berkshire will use its $5 billion in Bank of America preferred stock to purchase the common stock at $7.14 per share, well below its closing price of $24.32 per share. The preferred stock was bought in 2011; it came with a 6 percent annual dividend and a warrant allowing […]

todayJune 30, 2017 27

Business & Lifestyle

Germany approves same-sex marriage

Danielle Haynes United Press International BERLIN (UPI) -- The German parliament on Friday passed legislation legalizing same-sex marriage after Chancellor Angela Merkel, who voted against the measure, encouraged her party to vote their conscience. Members of Germany's Bundestag voted 393-226 to pass the bill, and four people abstained. Merkel voted no, saying "For me marriage as defined by the law is the marriage of a man and a woman." But she encouraged her conservative Christian Democratic Party -- which has long opposed same-sex marriage […]

todayJune 30, 2017 48

Business & Lifestyle

Illinois Conservation Foundation announces 2017 Conservation Achievement Scholarship winners

SPRINGFIELD (Heartland Newsfeed) – The Illinois Conservation Foundation (ICF) today announced the selections of Patricia Calderon of Chicago and Jacob Handel of Sycamore as recipients of the 2017 Conservation Achievement Scholarships. Both high school seniors will receive $2,000 to apply to specified expenses at the two- or four-year college or university of their choice. "Through the Conservation Achievement Scholarship program, the ICF is able to recognize and reward the hard work on conservation stewardship and natural resources protection being done […]

todayJune 29, 2017 41

Business & Lifestyle

College tuition has little link to state funding, analyst determines

College tuition tends to rise regardless of how much money the state puts toward education, a new study reveals. Tuition goes up no matter what state legislators do," analyst Preston Cooper wrote after studying tuition trends for the American Enterprise Institute. "Public colleges, with state boundaries insulating them from competition, and generous federal student aid programs at their disposal, charge as much as they can get away with. Changes in state funding are largely irrelevant." In Illinois, schools needs more […]

todayJune 29, 2017 50

Business & Lifestyle

Philly DA Williams pleads to bribery, resigns as prison looms

Doug G. Ware United Press International PHILADELPHIA (UPI) -- Philadelphia District Attorney R. Seth Williams resigned from office Thursday after pleading guilty to a bribery charge in a federal corruption case that now has him facing prison time. Williams brought a sudden end to the case at Philadelphia's James A. Byrne Federal Courthouse as part of a plea agreement with prosecutors -- which mandated he plead to one count of bribery and resign from office immediately. After the plea, Williams appealed […]

todayJune 29, 2017 50

Business & Lifestyle

Raymond council handle a variety of housekeeping measures at June meetings

RAYMOND (Heartland Newsfeed) -- In the meeting of the Raymond Village Board that took place on June 5, the board voted to approve the prevailing wage ordinance, discussed a citizen’s project regarding a ditch, mosquito spraying is underway and the water tower is looking at a cleaning of the exterior among other items of discussion. Following approval of the meeting minutes from May 15 and prior minutes from April 30, the board voted to approve Ordinance 421, the prevailing wage […]

todayJune 24, 2017 47

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