Quinn seeks income tax hike for schools

Calling himself a realist, Gov. Pat Quinn on Wednesday scaled back his proposal to raise income taxes, shifting to a call for an increase of just one percentage point to be used solely for preventing deep cuts to education.

The rest of Illinois’ record-breaking $13 billion budget deficit should be addressed mostly by borrowing money and letting more unpaid bills pile up, Quinn said in a brief speech to legislators.

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Letting more bills pile up could be disastrous for those who need help with child care, job training, services to the elderly, drug counseling and more. The local organizations the state hires to provide those services, which already are struggling to survive, could go under if they don’t get paid. [Read the full article]

The sudden takedown of an Internet provider thought to be helping spread one of the most promiscuous pieces of malicious software out there appears to have cut off criminals from potentially millions of personal computers under their control.

But the victory was short-lived. Less than a day after a service known as “AS Troyak” was unplugged from the Internet, security researchers said Wednesday it apparently had found a way to get back online, and criminals were reconnecting with their unmoored machines.

The drama initially raised hopes of a sharp drop-off in fraud, because criminals could no longer communicate with many computers infected with a type of malware known as “ZeuS,” which is mostly used to steal online banking usernames and passwords. Hundreds of criminal operations around the world use the malware.

It’s unknown how many computers are infected with ZeuS, but it’s estimated to be in the millions. Cisco Systems Inc. [Read the full article]

Just how fast can India grow? Ask Manal Farooq, who can’t make gloves quickly enough.

“We are facing a major problem,” said Farooq, a senior executive at Marvel Gloves Industries, which produces 3 million pairs of gloves a month, most used in industrial production in India. [Read the full article]

Attorneys in the dispute over the estate of billionaire shopping mall magnate Melvin Simon have asked a judge to set strict limits on who can see certain documents that are presented as evidence.

Judge William J. Hughes told the lawyers Wednesday that they wanted more protection for sensitive court documents than he was “used to seeing.” Such documents include medical records and household budgets.

Mel Simon was the founder of Simon Property Group Inc. and the Indiana Pacers co-owner. He died in September.

His daughter, Deborah Simon, filed a lawsuit claiming that her stepmother, Bren Simon, persuaded Mel Simon to change his will to reduce his children’s inheritances. [Read the full article]

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