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Silicon Valley Bank was fine. It’s Silicon Valley that’s broken.

2 years 5 months ago
Over the past few days, a million pundits have become instant experts on the finances of Silicon Valley Bank. They are outraged that no one before now noticed the bleeding obvious: SVB was a reckless and fragile bank, a literal time bomb on the edge of collapsing thanks to foolish business practices. Now, 20/20 hindsight ...continue reading "Silicon Valley Bank was fine. It’s Silicon Valley that’s broken."
Kevin Drum

Edwardsville Contractor Sentenced to 14 Months in Prison for False Statements in Bankruptcy

2 years 5 months ago
EAST ST. LOUIS – In a U.S. District courtroom on Wednesday, a judge sentenced a man formerly from Edwardsville to 14 months in prison, a $50,000 fine, and two years’ supervised release after he pled guilty to making false statements in a 2018 bankruptcy case. Kevin Kahrig, 49, a former building contractor, concealed assets from his creditors by transferring those assets to his girlfriend-turned-spouse, Catharine Kahrig, prior to filing for bankruptcy. “Individuals who hide assets and deliberately make false statements on bankruptcy pleadings defraud their creditors and disgrace the federal court system,” said U.S. Attorney Rachelle Aud Crowe. “It’s a serious offense to abuse the bankruptcy system, and anyone seeking to discredit this process will be held accountable.” "To avoid paying his debt, Kevin Kahrig attempted to defraud his creditors by abusing the bankruptcy process,” said FBI Springfield Field Office Special Agent in Charge Davi

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Police Chief Reminds Shoppers To Be Aware Of Surroundings After Theft Reports

2 years 5 months ago
EDWARDSVILLE - Edwardsville Police Chief Mike Fillback reminded residents today to be aware of their belongings when shopping at retail establishments throughout the region. He said in recent times, there have been more reports of thefts of purses, wallets, etc. while individuals are visiting various area retail shops. The chief said a technique used in some of these cases involved one person communicating with an individual and distracting someone, while another cohort performs the actual theft. The next move often was the use of the individual’s credit card at the register, he said. “The tactic is sometimes two work together and one person randomly comes up and starts talking to distract you,” he said. “The phone scam started out with elderly folks who are more susceptible and worked its way where it hits all groups. This impacts all age groups, not just the elderly. We encourage people to be more vigilant with their belongings at Christmas time, but we are

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Trash Truck Strikes Pedestrian In Edwardsville Near SIUE Campus, Victim Seriously Injured

2 years 5 months ago
EDWARDSVILLE - Illinois State Police and Edwardsville Police and Fire Department are working together on a situation where a trash truck struck a pedestrian at the corner of the Southern Illinois University-Edwardsville Northern Access Road near Northwest University Drive on Wednesday morning. The pedestrian suffered serious injuries in the accident and will have to be helicoptered out to a St. Louis hospital. Edwardsville Police Chief Mike Fillback confirmed that a person had been struck and the injuries were very serious. “Edwardsville Police are out there with the fire department and state police,” he said. “We are helping with traffic in the area. People are advised to definitely stay away from the area, and we encourage people to allow the first responders to work the area.” Chief Fillback said the Illinois State Police would handle the investigation of the mishap from this point.

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Copyright Means You May Need Permission To Post Photos Of Your Own Home Online

2 years 5 months ago
One of the life’s certainties is that copyright maximalism will continue to encourage absurd rulings by complaisant courts. Here’s a rather spectacular case from Germany. It involves a “photo wallpaper”. For those of you who – like me – aren’t quite sure what that means, it is the name given to wallpapers that are essentially […]
Mike Masnick

National Agriculture Day Celebration Will Bring A Cow, Ice Cream To Granite Nursing & Rehab

2 years 5 months ago
GRANITE CITY - A live cow, Prairie Farms ice cream, and lots of agricultural education will be featured at the National Agriculture Day celebration at Granite Nursing & Rehabilitation Center. The event will be held on Tuesday, March 21 from 1:30 to 2:30 p.m. just outside the center, located at 3500 Century Drive in Granite City. The event is sponsored by Prarie Farms, who will be there with a live cow, Prairie Farms ice cream, and also to provide education to attendees on why agriculture is so important. Activities Director Kennedy Cherry said Prarie Farms eagerly accepted the opportunity to teach Granite City residents about agriculture. “With it being Granite City and not as rural as some of our surrounding areas, I thought, ‘When’s the last time some of our residents have even seen a cow, if they’ve ever actually got to experience being up close to a cow?’ because a lot of them are more Granite City and St. Louis residents,” she said. “I

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