Illinois Public Media News
The Subway restaurant chain has issued an apology for a salmonella outbreak that has sickened 80 people across 26 Illinois counties.
As state health investigators continue working to pinpoint the cause of the outbreak, Subway corporate spokesman Kevin Kane said Wednesday the company was sorry for the problems.
The Illinois Department of Public Health says people began getting sick after eating in Subway restaurants beginning May 11.
Kane noted that all the cases cited by the health department are in people who ate at the restaurants before June 3. He said that since then, the chain has discarded and replaced lettuce, green peppers, red onion and tomatoes.
The 26 Illinois counties that were affected includes Champaign, Vermilion, DeWitt, McLean, Macon, Coles and Moultrie.
State banking regulators closed the Arcola Homestead Savings Bank Friday, and turned it over to the federal regulators. But unlike many failed banks, Arcola Homestead will not be opening under a new name.
FDIC spokesman David Barr says Arcola Homestead Savings Bank will be closing for good.
"More than nine out of ten bank failures result in a transition over to a new ownership group", says Barr. "However, in this case, Homestead was one of the four or five percent of the bank failures we've seen, where we haven't been able to find a buyer."
But Barr says Homestead depositors will still be getting their money back. He says checks for all insured deposits will be mailed to account owners, starting on Monday. In addition, Homestead depositors have the option of transferring the checking and NOW accounts over to the First Mid-Illinois Bank in Arcola. Barr warns that account holders will have to go over to the First Mid-Illinois branch in Arcola to make the switch --- and that checks from their Homestead checkbooks are no longer valid.
The FDIC says 81 federally insured banks have failed so far this year. Arcola Homestead Savings Bank 12th Illinois bank to fail.The federal agency says the bank had about $17 million in assets and $18.1 million in deposits, as of March 31st.
The University of Illinois Flash Index recorded its lowest level since September.
The index fell in May to 90.6, its second consecutive month in decline following a six month increase. Fred Giertz of the Institute of Government and Public Affairs compiles the Flash Index. He said the drop isn't attributable to any one cause.
The recovery is kind of slowing and not as strong as people thought and hoped," Giertz said. "May was also a bad month for the stock market, so I think there's some lack of confidence now. It's been too much of a downturn. Next month it will be important to see where it goes from there."
Giertz says he expects the economy to get better but it will be a slow process. He says unemployment is still high and the state is going to experience a more painful recovery than it has experienced in recessions in roughly the past 20 years.
The Flash Index is a weighted average based on state corporate, personal income and sales tax receipts. Any number below 100 indicates economic contraction.
The Carle Foundation is bringing more defendants into a lawsuit over the hospital's property tax status.
Carle has had to pay property taxes for several hospital buildings since 2002, when Champaign County and Cunningham Township officials ruled that Carle didn't provide enough charity care to be considered tax-exempt. The hospital appealed - that case is awaiting a ruling from state revenue officials. In the meantime, Carle sued the state, the county and the township claiming they improperly revoked Carle's tax exemption.
Now Carle's senior vice president for legal affairs, L.J. Fallon, says they've added the city of Urbana, the Urbana school district and the Urbana park district to the suit. He claims they should pay back their share of nearly $800,000 Carle agreed to put up in lieu of paying property taxes if Carle won its suit.
Fallon acknowledges this will put a crimp in talks over the tax exemption of several former Carle Clinic buildings - property that could also be taken off the tax rolls now that they're part of Carle Hospital under this year's merger.
"I can't imagine that the filing of this lawsuit -- although we tried to give them advance notice and prepare them -- I can't gauge whether or not they'll still want to have discussions about payment in lieu of taxes," said Fallon. "They, like us, probably want to see how this is going to resolve so that we can have some really meaningful discussions."
Earlier this year the Illinois Supreme Court ruled that another Urbana hospital, Provena Covenant Medical Center, was liable for property taxes. A Champaign County judge is set to hear Carle's latest motion Tuesday.
In a statement released late Thursday afternoon, Urbana Mayor Laurel Prussing said she was disappointed by Carle's decision to add defendants. Prussing contends that Carle never mentioned the concerns it outlined in the suit.
The University of Illinois' educational outreach to the state is planning for big cuts over the next year.
U of I Extension plans to realign its offices in every county, combining several of those county offices into multi-county regions with shared administration. For example, one region would be made out of Champaign, Ford, Iroquois and Vermilion counties.
"We will have a hub office which will contain most of our people," said Bob Hoeft, the interim extension director. "In the counties that don't have the hub, they will have a satellite office. That office isn't going to be what we've had in the past -- it will probably be smaller. It will probably not be open every day of the week."
But Hoeft says the satellite offices would be able to provide clients with publications and other information without the need to make a long drive to another county. He says the target of the consolidation is to save $7 million over the next budget year, about the same amount of money U of I Extension had to cut from the current year's budget.
A monthly gauge of the Illinois economy has backtracked after four months of improvement.
The University of Illinois Flash Index uses state tax revenue figures each month to measure economic performance. For April, the index was set at 91, down .08 from the month before. The index was still far from the 100 level that separates economic growth from contraction. It's also fallen back to its lowest level since last November, though it's still above the September figure that marked the low point of the current recession.
The index's author, U of I economist Fred Giertz, says Illinois's unemployment rate still hasn't followed signs of a national economic recovery. But he also thinks the April index may have been affected by an abnormal drop in the state's corporate tax intake in March, saying that might be a result of timing rather than a true drop.
More delays could be in store for a clean coal technology plant in eastern Illinois. The FutureGen Industrial Alliance is still negotiating finances with the state, dragging out a decision by the US Department of Energy on whether to build the plant in Mattoon.
Illinois Democratic US Senator Dick Durbin says the agency is extending its study of the experimental plant.
"I said that the Secretary of Energy had to decide this project on it's merits and I wanted him to do that," Durbin said over the weekend in Springfield. "I think we've made a good strong case, but we don't take anything more granted."
Durbin, the Majority Whip, says he's optimistic the plant will be built.
The Energy Department had planned to announce by now whether to go forward, but the agency has decided to keep studying the alliance's plans another 60 days.
If built, FutureGen would be the worlds' first zero emissions coal-fired power plant. Carbon dioxide created from burning coal would be stored underground. The project would create thousands of construction jobs.
Optimism remains that construction on the long-delayed FutureGen power plant will get the federal government's okay soon.
In the meantime, local officials can do little more than watch and wait for a decision from the Energy Department. It's in talks with corporate members of the FutureGen Alliance who want to get the $1.8 billion dollar coal-to-energy plant built and operating near Mattoon.
Angela Griffin heads the economic development group Coles Together. "As far as we know they're still in negotiations," Griffin said. "There's still a lot of details to be worked out with the agreement going forward, and they're not at liberty at this point to talk about those."
But Griffin says she and others in the Mattoon area are being kept up to date on the talks, even if she doesn't know the details. Griffin wouldn't estimate when the government and the Alliance can reach a conclusion.
She does say that once that agreement takes place, the construction phase will have a big impact on Mattoon. She says plant developers expect to keep cement plants within a 100-mile radius of FutureGen busy as they drill the initial wells for the plant's carbon-sequestration unit.
Democratic Senate candidate Alexi Giannoulias says no one from the Democratic Party has suggested he step aside following the failure last week of his family's bank.
Giannoulias said Monday at the Courier Cafe in Urbana the failure of Broadway Bank on Friday gives him a better understanding of the economic struggles of many Americans. Giannoulias says a lack of regulation in the commercial real estate market can partially be blamed on the poor economic policies of his opponent, Republican Congressman Mark Kirk. "I'm not saying that mistakes weren't made in the private sector, of course there were." said Giannoulias. "That being said, what's taken place with community banks, with the seven community banks that failed on Friday, the four more that got consent agreements with FDIC, when you have a real estate market that just plummets the way it did over the last two years, you're going to be dealing with huge challenges."
Giannoulias was in Urbana Monday. Giannoulias says he looks forward to debating his opponent, and offering voters a departure from policies that allowed the national debt to double in the last decade under President George W. Bush. The Treasurer also says he plans on being in Quincy on Wednesday, when President Obama gives a speech on Wall Street reform. And The White House on Friday ended speculation about whether Obama would campaign for Giannoulias, saying the president would help all Illinois Democrats. At the Urbana cafe, Giannoulias listened to University of Illinois students talk about their doubts they'll be able to find jobs when they graduate.
Democratic Senate candidate Alexi Giannoulias is mourning the collapse of his father's bank while trying not to let it hobble his campaign.
It's a familiar Friday afternoon ritual - federal regulators closing community banks. This week, seven more were taken over. One of them was a bit out of the ordinary. The unraveling of Broadway Bank has become one of the central issues in the fight for President Barack Obama's former Senate seat. Republican Mark Kirk has hammered Giannoulias over his role at the bank when bad loans were made. Giannoulias places most of the blame elsewhere.
"Wall Street greed coupled with lax oversight by Washington politicians led to a deep recession that leveled a crippling blow to the real estate market," said Giannoulias
Giannoulias says he does accept responsibility for the delinquent loans booked while he was a senior loan officer at the bank. He says they number less than 9% of the bank's bad loans overall. Chicago-based MB Financial Bank is taking over Broadway Bank.
Besides Broadway Bank, the Federal Deposit Insurance Corp. also took control of New Century Bank of Chicago, Citizens Bank & Trust Co. of Chicago and Amcore Bank of Rockford. The agency found institutions to assume the assets of all four banks, which will reopen Saturday. Deposits at all four banks will continue to be insured by the FDIC.
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