A relatively short prison sentence seems to be bringing some relief to Stuart Levine, one of the central figures in the Blagojevich scandal. After being sentenced yesterday, Stuart Levine smiled and shook hands and joked with many of the prosecutors and FBI agents who investigated him and brought him down. And what a downfall it's been. Levine went from being a multi-millionaire to working at a kiosk in a mall.
Gov. Pat Quinn signed legislation Thursday to strengthen the Illinois Open Meetings Act by requiring that notice of public meetings and agendas are posted for two full days before the meeting.
“This law gives the public greater access to information and activities that impact their lives,” Quinn said. “Increasing government openness and accountability from the statewide level to the local level will make Illinois a stronger, more ethical state.”
Statewide home sales in June surged 18 percent over previous year levels to 13,111 single-family homes and condominiums. This was the best June performance since 2010, according to the Illinois Association of Realtors.
The statewide median price in June was $155,000, up 3.3 percent from June 2011, the fourth straight month of median price increases in Illinois. The median price -- where half the homes sold for more and half sold for less – has risen $32,650 since January.
The state of Illinois didn’t have any trouble selling $1.5 billion in debt to repay a federal loan for its unemployment-insurance program, the Wall Street Journal reported.
Crain’s Chicago Business said interest rates for the three-series offering were “rock bottom,” thanks to the dedicated stream of unemployment insurance taxes backing them up -- separate from Illinois' general fund. Also, any extra money from the tax can be used only to pay off the debt, providing extra protection for investors.
People familiar with the deal said it received many more orders than there were bonds available.
Gov. Pat Quinn today signed four consumer-protection laws banning false phone charges known as “cramming,” lowering utility costs, and helping resolve billing and credit issues.
“When everyday people work together for the common good, we can improve our state,” Quinn said. “We need to keep fighting for consumer rights in Illinois and ensure those rights are protected from those who would take advantage of them.”
Mitsubishi's top selling vehicle is now made in Illinois. The Japanese automaker has shifted production of the Outlander Sport to its only U.S. production facility in Normal.
Gov. Pat Quinn, who attended the ceremony launching the Japanese automaker's latest U.S. product, touted the sporty crossover SUV during remarks to 1,200 plant workers, company executives, and other officials.
"It's fuel efficient and it's made in America and made in Illinois,” he said. “That means a lot to me, and I think to everybody in our state, that your skill has crafted this vehicle that not only will supply the automotive needs of our country but also the export possibilities."