CNN Money is reporting that Sears is planning to close 77 Sears and Kmart stores and will cut 5,300 jobs before Christmas. According to their story, only one store in the state of Missouri is closing which is located in Florissant inside the St. Louis area. Sears was recently downgraded by Fitch saying the company may not have enough cash to continue beyond 2016. Meanwhile the locally owned Sears in Osage Beach is not closing and actually just opened a new location inside the old Lee Mace’s Ozark Opry. The new Sears location opened at the beginning of October and features a museum dedicated to the legend of Lee Mace’s Opry show in addition to the store itself. Sears and Kmart have around 1,900 stores across the U.S., down 166 stores from a year earlier.
Renovations will go forward despite budget issues at the state Capitol. According to reports, a renovation project that could cost up to $700,000 is about to get underway while the State has cut funding on other programs, which is not sitting well with residents. The renovation is set to remove some unused offices and creates an open floor above the senate chambers for the public to visit while the senate is in session. Plans will also renovate sections of the building that are experiencing leaks and other issues.
A man with several outstanding warrants that has been eluding police for over five years was apprehended by the Morgan County Sheriff’s department Tuesday following a high speed chase in the Stover area. Deputies received information that 45 year old Timothy Michael Farr was leaving the Ivy Bend area and was heading toward Cole Camp on an orange colored motorcycle. Deputies attempted to stop Farr but he fled leading them on a high speed chase that reached 100 mph. Farr then crashed his motorcycle and was injured. He was taken to an area hospital for treatment and then booked into the county jail. In addition to the three outstanding warrants, Farr now faces additional charges.
Seven people have been formally charged following a raid earlier this month at an area strip club. Pulaski County sheriff’s deputies raided the After Dark nightclub October 11th and the club’s owner, Mathew Wagner now faces ten misdemeanor counts of illegally operating a sexually oriented business. He’s also charged with possession of a controlled substance. Six women are also charged with misdemeanor counts of illegally operating a sexually oriented business. According to the Sheriff’s Department, the women were dancing topless in the club.
The Osage Beach board of alderman will meet Thursday in regular session. Items on the agenda include a public hearing regarding an amendment to the water system relating to meter installation, maintenance and water fees. In other business, the board will consider a bill amending an ordinance dealing with sewer development charges, as well as a bill that amends the design guidelines regarding water connections. The board will also discuss an application for funds from the transportation alternative program and authorize the purchase of four 911 workstations. The board is also expected to go into closed session. Tonight’s meeting begins at 6:30 in city hall.
Lake area social security recipients will see slight increase in their checks next year. According to the social security administration, checks will rise by 1.7 % which translates into $22 more each month for the average retired worker. Retirees will now receive $1,328 a month or $15,936 a year. More than 58 million recipients nationwide will see an increase in their social security checks beginning in January. The increase is tied to the consumer price index which showed prices are up 1.7% during the past twelve months.
Attorney General Chris Koster has announced Missouri consumers will receive more than $24 million dollars in a settlement that has been reached against ten L.C.D. manufacturers. As part of the settlement, Missourians who purchased TV’s and computers with L.C.D. screens between 1999 and 2006 and who filed claims for reimbursement from the settlements Koster reached with manufacturers will receive payment for their damages within three weeks. Those with legitimate claims can receive more than $43 for each monitor or notebook computer and more than $86 for any L.C.D. TV. According to reports, more than 25,000 residents and businesses filed claims.