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Business & Lifestyle

Nevada governor backs emergency regulations amid marijuana shortage

Daniel Uria United Press International CARSON CITY, Nev. (UPI) -- Nevada Gov. Brian Sandoval endorsed emergency regulations to combat a shortage of marijuana at legal recreational retailers in the state. The state law legalizing recreational marijuana starting this month dictated that wholesale alcohol distributors be granted exclusive rights to transport marijuana for the first 18 months of legal sales, but a lack of approved distributors has created a potential shortage, the Reno Gazette-Journal reported. "Based on reports of adult-use marijuana sales already […]

todayJuly 8, 2017 4

Business & Lifestyle

U.N. member countries approve global nuclear treaty

Danielle Haynes United Press International NEW YORK (UPI) -- The United Nations formally adopted a treaty banning nuclear weapons Friday in New York City after months of talks and some seven decades of hoping for a similar agreement. Representatives from more than 120 of the 192 member countries in the United Nations endorsed the Treaty on the Prohibiting Nuclear Weapons. All member states are able to sign the treaty during the General Assembly on September 20. Nearly all countries that bear nuclear […]

todayJuly 7, 2017 4

Business & Lifestyle

After powder scare, Illinois overrides governor for first budget in 3 years

Doug G. Ware United Press International SPRINGFIELD, Ill. (UPI) -- The Illinois legislature on Thursday voted to override the governor and usher in a tax hike and balance the budget -- something the state hasn't been able to do in more than three years. A bipartisan Illinois House voted 72-41 to supersede Gov. Bruce Rauner, who had vetoed the measures -- fearing they would only lead to more tax increases in the near future. Thursday's vote marked the first time since 2014 that […]

todayJuly 6, 2017 1

Business & Lifestyle

‘Shocked’ NYC judge orders ex-pharma exec Shkreli to ‘stop talking’

Doug G. Ware United Press International NEW YORK (UPI) -- The first gag order given to former pharmaceutical executive Martin Shkreli at his New York City fraud trial apparently wasn't enough. A federal judge at Shkreli's proceedings on Wednesday issued a revised gag order against the controversial figure -- in response to a fiery public rant he made last week and a number of postings on what could be his new Twitter account. Shkreli, former head of Turing Pharmaceuticals, is facing trial on federal securities […]

todayJuly 6, 2017 3

Business & Lifestyle

Illinoisans are still waiting for their independence

More than 240 years ago, a group of individuals decided to stand up against a far-off king who taxed them without recourse. Americans honor their efforts each year on Independence Day. But the Illinois General Assembly has a funny way of celebrating. On July 2, the Illinois House passed a budget that includes the largest permanent income tax hike in state history and no structural spending reforms. The Senate concurred July 4, sending the budget plan to the governor’s desk. […]

todayJuly 4, 2017 15

Business & Lifestyle

Illinois remains on brink of becoming first state rated junk, but does pass a budget

SPRINGFIELD (Heartland Newsfeed/MarketWatch.com) -- Illinois, which currently has the lowest-rated bond rating of any U.S. state, took another step Tuesday to ward off a deepening budget crisis and an imminent risk of becoming the first state ever branded with a junk bond rating. The state entered an unprecedented third straight fiscal year without a budget on Saturday and the process has been crippled by the partisan impasse between Republican governor Bruce Rauner and Democrats who control the legislature. However, the Illinois […]

todayJuly 4, 2017 6

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 4

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 2

Decision 2017

Libertarian gubernatorial candidate in Virginia qualifies for November ballot

RICHMOND, Va. (Heartland Newsfeed) -- Voters in Virginia will have a third choice on the ballot in the gubernatorial general election on November 7. Cliff Hyra, a 34-year-old patent attorney hailing from Hanover County, has qualified to be on the ballot as the Libertarian Party candidate, as confirmed Thursday by the Virginia Department of Elections as Hyra and supporters submitted petitions bearing more than 10,000 signatures to earn a spot on the ballot. He joins Democratic Lt. Gov. Ralph Northam […]

todayJune 30, 2017 12

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