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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Jul 24, 2002
Page
1
A three part series begins Monday in The Southern Inside State examining how taxes grow faster than incomes. Other items include national fights over prescription drug coverage and local court misdemeanors across several counties. Also a city parade featuring Art club moms and 2 year old Max Schropp. Mostly sunny forecast.
Police say a stolen 1992 Ford Econoline van fled Illinois authorities on Illinois 146 and crossed the Missouri Illinois bridge into Cape Girardeau. The vehicle, belonging to Bob Gilmore of Jackson Missouri, was pursued by Cape Girardeau officers and Illinois state police before being stopped. The driver’s identity will be released after charges are filed.
Marion residents face long detours as Illinois 37 and Main Street intersection is closed for at least a week. E.T. Simonds Construction of Carbondale replaces the crossing, halting area business with Farm Fresh owner Terry Moulton noting a third drop in sales and Borowiak’s IGA reporting 12 to 15 percent decrease. Simonds said crews have logged long hours to finish the project by week's end.
Rick and Karen Foutch won a $135,000 out-of-court settlement in Perry County Circuit Court in an invasion of privacy case against a St. Louis private investigation firm. The dispute followed an injury claim Rick Foutch filed after a 1999 railroad incident that left him with ruptured discs and multiple surgeries.
Wall Street faced another volatile session with the Dow closing down 82.24 to 7,702.34, marking a four session skid of 840.14. The Nasdaq fell 53.60 to 1,229.05 and the S&P 500 declined 22.15 to 797.70 as techs slumped on weak earnings from AT&T and Lucent and concerns over Enron.
Lucent Technologies reported a quarterly loss of 7.9 billion dollars and announced 7000 additional layoffs. The telecom equipment maker has cut about 70 percent of its workforce from a peak of 155,000, with nearly 50,000 leaving during related spin offs and divestitures.
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