Financial Crunch Hurting Local Banks
Smaller Illinois banks that serve local homeowners and businesses are hurting badly as a result of the mortgage crisis. These banks' low capital levels have left them relatively unequipped to absorb rising loan defaults. Many will either fail or be bought by larger financial institutions.
Governors Punt On Global Warming
The National Governors Association's centennial meeting will conclude today, but without reaching any nationwide agreement on how to reduce greenhouse gases. States that produce oil and coal created an obstacle to any consensus on the issue.
Blagojevich Proposes New Guarantee For Autism Coverage
Yesterday, Gov Blagojevich proposed requiring insurers to cover the diagnosis and treatment of autism. Currently, only those with large insurance group policies are able to obtain proper autism coverage. Under the governor's plan, insurers would be forced to pay for as much as $36,000 for autism treatment for patients under 21.
Durbin Has $8.2 Million On Hand
Sen. Dick Durbin's reelection campaign reported Friday that he raised $685,000 during the second quarter, leaving him with $8.2 million cash on hand. His GOP opponent, Steve Sauerberg, is yet to file his most recent campaign finance report.
County Cuts Program For Poor Moms And Babies
The Cook County hospital board has cut $1.8 million in funding from a program that offers preventative care to low-income mothers and babies. The decision to make the cut was removed from the Cook County Board, leading Comm. Mike Quigley to remark, "I wish they would have told us."
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