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WJFW News

State pension fund group rejects WEDC investment request Submitted: 02/04/2013
MADISON - The board that oversees Wisconsin's pension funds has rejected a request from the head of Gov. Scott Walker's semi-private economic development agency to invest $200 million to help startup businesses.

Wisconsin Economic Development Corp. head Reed Hall asked the State of Wisconsin Investment Board in November for the venture capital seed money in November. The board rejected the request, saying that the use of pension funds to pay for economic development initiatives "does not meet our fiduciary duty."

The request for funding as well as SWIB's response is contained in a report submitted by SWIB in December. The Wisconsin Reporter website was the first to report on it.

Hall made the request when he was the interim head of WEDC. Last week Walker named him as the permanent head.



Story By: The Associated Press

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 In Other News:
Minocqua Farmers Market Opens for the Season Submitted: 05/24/2013

MINOCQUA - Many of us have been waiting for home-grown fruits and vegetables.

Now they're here at a Northwoods summer market.

It's opening day for the Minocqua Farmers Market.

15 vendors filled the Minocqua Park Complex on Highway 70.

They have vegetable plants, flowers, baked goods and MORE available for purchase.

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Little Free Libraries Promote Reading Submitted: 05/24/2013

RHINELANDER - You don't need to get a library card to check out a book theses days. Boxes that look like bird houses are popping up all over.

They're called Little Free Libraries. Anyone can stop by to take or give a book. It's all based on the honor system. Maureen O'Melia put her's up at home last night across from Pioneer Park.

"I contacted Ed Hughes from the library. He was excited about the idea as well and he, a week later, says I built you one Maureen. But I had to stain it and get it ready for the outdoors," says Maureen O'Melia, who built a Little Free Library.

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Fire Burns Rhinelander Apartment Building Submitted: 05/24/2013

RHINELANDER - People jumped from a second story window to escape an early morning fire in Rhinelander.

Just after two this morning, the Rhinelander fire department rushed to 254 Westhill Road.

Half of a four unit apartment building was already in flames when they got there.

Five people living in the building had already gotten out.

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Wolf Gets 12 Years for Stabbing Near Hodag Statue Submitted: 05/24/2013

RHINELANDER - You might remember the name Shannon Wolf. He chased his wife down, stabbed and choked her by the Hodag statue in Rhinelander last February. He'll now spend the next twelve years in prison.

Today Latoya Wolf testified she was partly to blame for what happened. She told the court Shannon Wolf was trying to cut his own wrists. But she got in the way and was cut in the struggle for the knife.

Prosecutors said the violent encounter and the victim's backtracking was a classic example of the domestic abuse cycle.

"I believe that there are significant pressures on Mrs. Wolf," says Assistant District Attorney Scott Moller.

Moller presented Wolf's extensive criminal history. He said there's also a documented history of domestic abuse.

Moller asked Judge Patrick O'Melia to sentence Wolf to 30 years.

Judge O'Melia said he believes this case is one of classic domestic abuse.

He sentenced Wolf to 24 years. He'll spend 12 in prison and 12 years extended supervision.

Wolf is not allowed to have any contact with his wife. He's also not eligible for early release or boot camp.

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Panel Blocks Change to Rent-to-Own Rules Submitted: 05/24/2013

MADISON - Consumers will still be told how much interest they will pay at a rent-to-own businesses in Wisconsin.

The Legislature's finance committee has blocked Republican Governor Scott Walker's plan to exempt rent-to-own businesses.

A handful of Republicans, including Senate President Mike Ellis, have been pushing the committee to remove the proposal from the budget.

The committee voted 10-6 yesterday to eliminate the plan.

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Schofield company planning up to 350 new jobs in Central Wisconsin Submitted: 05/24/2013

SCHOFIELD - A Schofield company is planning to expand in central Wisconsin and add several hundred manufacturing jobs over the next few years.

Crystal Finishing Systems has purchased a shuttered manufacturing plant in Mosinee for an undisclosed price. Crystal Finishing President Mark Matthiae says his company will add about 250 to 350 jobs in the next three years. Jobs will range in pay from $10.50 to $25 an hour.

Matthiae says the average annual wage for his employees is $38,700.

The company expects to finalize plans for the Mosinee plant in July. Production should get underway in 2014.

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One Dollar Price Tag on Historic Building Submitted: 05/23/2013

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MERRILL - An historic Merrill building will only cost you one dollar to buy, but the price tag is set low because there's much bigger cost involved.

The Lincoln House in Merrill is badly damaged and beyond repair.

It needs to be demolished.

The buyer would have to pay for that, plus have a plan to redevelop the site.

The city has been trying to sell the Lincoln House for three years.

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