Local Business Headlines
- St. Louis Freightway, Port of New Orleans sign pact aimed at fostering economic growth
- J.C. Penney says it will close up to 140 stores
- Alton resident presented Living Legends Award
- Economic development course series starts March 1
- World’s Largest Garage Sale makes return April 23
- CNB Bank & Trust announces new financial advisor
- SIUE implements reverse transfer credit program with LCCC
- Divine Immanence LLC, Maryville beauty supply business, opens
Debt program aims to help more students
Local colleges say the key to a move by President Obama to rein in college debt is to get more students aware of the action.
Five million young Americans got good news on June 9 when the president announced an executive order expanding the Pay as You Earn program. PAYE is a voluntary college loan repayment program that limits the debtor’s monthly payments to no more than 10 percent of their discretionary income for 20 years.
The Road Ahead
Resignation clouds plans for IDOT
The sudden resignation of the head of the Illinois Department of Transportation, coming even as she was planning for massive revamps at the agency, puts plans for the department into question.
Ann L. Schneider’s resignation was announced June 30 after longtime anti-patronage crusader Michael Shakman called for a federal judge to order an investigation into government hiring following a Better Government Association probe that revealed Schneider’s stepdaughter had been put on the payroll and promoted at the agency, according to the Chicago Sun Times.
Federal judge appoints Alton attorney interim co-lead for AIG fraud lawsuits
ST. LOUIS — A federal judge has appointed Simmons Firm Shareholder Derek Brandt as interim co-lead class counsel in a pending national multidistrict litigation proceeding against AIG, its subsidiary companies and former CEO Maurice Greenberg.