Loading

68°F

66°F

69°F

72°F

69°F

72°F

72°F

75°F

69°F
NEWS STORIES

Settlement near in funeral trust caseSubmitted: 06/20/2013
Story By Associated Press

MILWAUKEE - People who paid up front for their funerals might be spared from the effects of bad investments.

The poor financial decisions left the Wisconsin Funeral Trust millions of dollars in the hole.

The fund was marketed as a safe investment vehicle.

But its money managers poured the cash into high-risk investments that lost money.

The fund that's supposed to have 70-million dollars on hand only has 48-million.

John Wirth is the court-appointed receiver of the trust.

He says the trust has reached a tentative settlement with the Wisconsin Funeral Directors Association.

Their members have been losing money to make sure clients get what they paid for.

The settlement would make sure clients still get fair value and funeral homes are fairly compensated.

A judge must approve the agreement.

(Copyright 2013 Associated Press - All Rights Reserved)


Text Size: + Increase | Decrease -
Print Story | Email Story
Sponsored in part by HodagSports.com





 IN OTHER NEWS
Gov. Walker warns Potawatomi it could lose gamesSubmitted: 08/29/2014

MADISON - Gov. Scott Walker's administration has warned the Forest County Potawatomi tribe that it could lose about 2,000 slot machines if it succeeds in withholding its $25 million annual payment to the state.

The Potawatomi say they're withholding the money because the state may end up owing the tribe money if Walker approves the Menominee tribe's proposed Kenosha casino. The Potawatomi fear a Kenosha casino would significantly cut into their Milwaukee casino profits.

+ Read More
Walker says GOP complacency a big concernSubmitted: 08/29/2014

MADISON - Gov. Scott Walker says complacency and fatigue among Republican voters is one of his biggest concerns as he faces re-election in less than 10 weeks.

Walker addressed his concerns Friday on WTMJ-AM when asked about a poll released on Wednesday indicating that Democrats were more enthused about the upcoming election that Republicans. Walker calls that ``one of my biggest concerns.''

The Marquette University Law School poll showed the race between Walker and Democrat Mary Burke to be a dead heat, both among registered and likely voters.

+ Read More
Some child pornography tips see slow Justice Department responseSubmitted: 08/29/2014

MADISON - Most people would expect quick action if they provided a tip about possible child pornography.

Newly released records show state Justice Department field offices across Wisconsin have delayed investigating some child pornography tips for months.

For example, the agency's Madison office took about three years to assign two tips for follow-up.

The Department of Justice earlier had fired the Milwaukee Special Agent-In-Charge for allowing nearly four dozen tips to languish.

+ Read More
Export markets sought for Wisconsin cranberriesSubmitted: 08/29/2014

WISCONSIN RAPIDS - China might be a good place to send some of Wisconsin's extra cranberries.

The state Department of Agriculture, Trade and Consumer Protection hosted a group of potential buyers from China this past week.

They talked to growers and toured cranberry facilities.

Industry leaders are hoping to expand demand for cranberries as an oversupply causes prices to drop.

+ Read More
State warns Potawatomi it could lose gamesSubmitted: 08/28/2014

MADISON - Gov. Scott Walker's administration has warned the Forest County Potawatomi tribe that it could lose about 2,000 slot machines if it succeeds in withholding its $25 million annual payment to the state.

The Potawatomi say they're withholding the money because the state may end up owing the tribe money if Walker approves the Menominee tribe's proposed Kenosha casino. The Potawatomi fear a Kenosha casino would significantly cut into their Milwaukee casino profits.

+ Read More
Tomahawk Public Library to close for a monthSubmitted: 08/28/2014

Play Video

TOMAHAWK - People living in the Tomahawk area will need to find another library for a while.

The Tomahawk Public Library will be closed for the month of September. No library materials will be due during the month of September.

The library will get a more than $80,000 facelift.

All carpeting will be replaced, and all walls will be repainted.

+ Read More
Kwik Trip opens in RhinelanderSubmitted: 08/28/2014

Play Video

RHINELANDER - You can find a new option for coffee, gas and groceries in the Northwoods.

Kwik Trip opened its doors in Rhinelander.

It's a family-owned gas station and convenience store chain out of LaCrosse.

There are 420 locations in Wisconsin, Minnesota and Iowa.

The newest location in Rhinelander will bring 30 jobs to the area.

+ Read More
+ More General News
Search: 




Click Here