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SPRINGFIELD, Ill. (AP) — Critics of an Illinois program providing private school scholarships say there's no proof it improves academic achievement. Opponents say it's a drain on public education and want it ended. “They take money out of the public coffers for public education, the schools that receive this money are not accountable, some of them exclude students with special needs. It's not a good use of public dollars.”Bridget Shanahan, spokesperson for the Illinois Education Association, stood by the group's position. Nothing prevents the lawmakers from restarting the program during its spring session, but there would be a disruption in scholarships.

Persons: adjourns, Critics, John Curran, Curran, ”, Jaclyn Matthews, couldn't, Dan Montgomery, “, ” Montgomery, It's, ” Bridget Shanahan Organizations: Ill, COVID, Invest, Kids, Republican, Associated Press, Republicans, Pritzker, The Illinois, of Teachers, Illinois Education, Illinois State, of Education . Research, Illinois Federation of Teachers, Illinois Education Association Locations: SPRINGFIELD, Illinois, Downers Grove, COVID

☆ Tyson Foods to lay off 228 employees near Chicago who decline move to Arkansas
▼ + stars: | 2023-06-13 | by ( ) www.reuters.com time to read: +1 min

CHICAGO, June 13 (Reuters) - Tyson Foods will lay off 228 corporate employees in Illinois who declined to relocate to the meatpacker's Arkansas headquarters, eliminating about 46% of the total staff from two offices, the company confirmed on Tuesday. Employees have resisted a decision to consolidate corporate offices, which Tyson announced in October, as the company grapples with high costs for cattle and easing demand for meat from cash-strapped consumers. Tyson will eliminate 177 employees from an office in downtown Chicago and 51 employees in suburban Downers Grove, Illinois, starting on July 31, according to the state. The company said the layoffs were due to the consolidation of corporate offices to Springdale, Arkansas. Including layoffs at another office in Dakota Dunes, South Dakota, Tyson will eliminate about 490 corporate employees who opted not to relocate, out of roughly 1,000 workers.

Persons: Tyson, Tom Polansek, Bill Berkrot Organizations: Tyson Foods, Employees, Thomson Locations: Illinois, Arkansas, Chicago, Downers Grove , Illinois, Springdale , Arkansas, Dakota Dunes, South Dakota

☆ Illinois becomes first state to pass law curtailing book bans
▼ + stars: | 2023-06-13 | by ( Brendan O'Brien | ) www.reuters.com time to read: +4 min

Illinois Governor J.B. Pritzker, a Democrat, signed the historic measure into law on Monday in a Chicago library. The law goes into effect on Jan. 1, 2024, the governor's office said in a statement. "Here in Illinois, we don't hide from the truth, we embrace it," Pritzker said. Under the new law, Illinois public libraries can only access state grants if they adopt the American Library Association's Library Bill of Rights, which stipulates that "materials should not be proscribed or removed because of partisan or doctrinal disapproval." Other states may choose to embrace prejudice and divisive ideologies, but our state is going in a better direction," said Democratic State Representative Anne Stava-Murray, who represents Downers Grove, in support of the Illinois measure.

Persons: J.B, Pritzker, shouldn't, Laura Hois, We're, Representative Anne Stava, Murray, Maia Kobabe, Toni Morrison, Amanda Gorman, Joe Biden's, Brendan O'Brien, Aurora Ellis Organizations: Illinois, American, Association's, Republican, PEN America, American Library Association, ALA, ABC, Democratic, Representative, Downers, Thomson Locations: Illinois, United States, Chicago, U.S, Florida, Texas, Downers Grove, Utah , Missouri, Miami, Dade County

☆ Pyrex, Instant Pot maker files for bankruptcy as sales fall
▼ + stars: | 2023-06-13 | by ( ) www.cnbc.com time to read: +1 min

Instant Pot multicookers for sale at Bloomingdale's Inc. flagship department store in New York, U.S., on Wednesday, Oct. 21, 2020. Instant Brands, the maker of Pyrex glassware and Instant Pot pressure cookers, has filed for bankruptcy, saying high-interest rates, tighter credit conditions and falling consumer demand made its debt load unsustainable. Instant Brands, whose products also include Corningware, said it plans to keep operating while it restructures, and toward that end has lined up $132.5 million in financing. The Downers Grove, Illinois-based company has more than 1,800 employees, over half of whom are unionized. Entities located outside the United States and Canada are not seeking court protection.

Organizations: Bloomingdale's Inc, Instant Brands, Cornell Capital LLC Locations: New York, U.S, Houston, Downers Grove , Illinois, United States, Canada

☆ Pyrex kitchenware maker files for Chapter 11 bankruptcy
▼ + stars: | 2023-06-12 | by ( Jonathan Stempel | ) www.reuters.com time to read: +1 min

June 12 (Reuters) - Instant Brands, the maker of Pyrex kitchenware, filed for bankruptcy on Monday, saying it had too much debt to withstand rising interest rates and tighter credit conditions. Instant Brands said it plans to keep operating while it restructures, and toward that end has lined up $132.5 million in financing. "Tightening of credit terms and higher interest rates impacted our liquidity levels and made our capital structure unsustainable," Chief Executive Ben Gadbois said in s statement. Instant Brands' portfolio also includes products such as Instant Pot pressure cookers and Corningware. The case is In re: Instant Brands Acquisition Holdings Inc, U.S. Bankruptcy Court, Southern District of Texas, No.

Persons: Pyrex kitchenware, Ben Gadbois, Davis Polk, Jonathan Stempel, Bill Berkrot Organizations: Brands, Cornell Capital LLC, Instant Brands, Federal Trade Commission, Holdings Inc, Bankruptcy, Southern District of, bk, Thomson Locations: Texas, United States, Canada, Downers Grove , Illinois, USA, China, Southern District, Southern District of Texas, New York

☆ Pyrex maker settles over false 'Made in USA' claims
▼ + stars: | 2023-01-18 | by ( Jonathan Stempel | ) www.reuters.com time to read: +1 min

Jan 18 (Reuters) - The maker of Pyrex kitchenware agreed to pay a fine and change its marketing practices to settle U.S. claims that it falsely advertised its popular glass measuring cups as "Made in USA" while importing some of them from China. Instant Brands LLC did not admit or deny wrongdoing in Wednesday's settlement with the Federal Trade Commission, which approved it by a 4-0 vote. Despite the shift, Instant Brands marketed the Chinese-made cups as "Made in USA" and as "American as Apple Pie" though the cups were marked "Made in China," the FTC said. Instant Brands did not immediately respond to requests for comment. In 2021, the FTC adopted a "Made in USA Labeling Rule" to protect businesses and consumers from what it called "rampant" fraud by marketers over their products' origins.

☆ Hundreds of Tyson Foods Employees Expected to Depart as Company Closes Offices
▼ + stars: | 2022-12-21 | by ( Patrick Thomas | ) www.wsj.com time to read: 1 min

Tyson Foods announced that it would be closing its Chicago office, among others, as part of an effort to consolidate its corporate staff in Arkansas. Hundreds of Tyson Foods Inc. employees from two of its largest business units plan to leave the company as it consolidates its corporate offices to northwest Arkansas next year, according to people familiar with the matter. The largest U.S. meat supplier by sales said in October that it planned to close its offices in Chicago, Downers Grove, Ill., and Dakota Dunes, S.D., which currently house many of Tyson ‘s corporate employees in its prepared foods, beef and pork divisions. About 1,000 employees total work in those locations, the company has said.

☆ The fear of missing out can be a killer for investors. Here's how top-ranked financial advisors keep it at bay
▼ + stars: | 2022-10-30 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Michael H | Digitalvision | Getty ImagesThe fear of missing out, or FOMO, can be a powerful psychological force — and it may lead unwary investors to lose bundles of money, according to financial advisors. Financial advisor Josh Brown uses the term "animal spirits" to describe the concept of investors allowing their emotions to guide them. Problem is: Investors often only hear about the big winners, not the duds, advisors and experts said. Various hype-men and -women and social media communities helped nudge investors to buy in last year. watch nowHow advisors overcome investors' FOMOPlaying off that future regret is how top financial advisors try to dissuade investors from succumbing to FOMO.

☆ Here are tips for buying a home in a cooling market, according to top-ranked financial advisors
▼ + stars: | 2022-10-26 | by ( Sarah O'Brien | ) www.cnbc.com time to read: +5 min

Add in higher mortgage rates, elevated home prices and unrelenting high inflation — i.e., the current home-buying environment — and it may feel decidedly unattainable. This means having a good handle on your current financial situation. While the purchase of a house is a single transaction, affordability is largely about monthly mortgage payments. "Look at your current credit score and see if you need to make improvements," Higgins said. Look at your current credit score and see if you need to make improvements.

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