88Nine Radio Milwaukee

Today's stream is sponsored by Maxie's

a.MKE: TSA lifts some carry-on restrictions, clean-up at 4132 N Holton, Hugo Chavez passes and MGIC stocks for sale 3.6.13

Click to enlarge


For the first time since the 9/11 attacks, airline passengers can carry small knives and certain other previously banned items onto planes. Beginning April 25th, sporting equipment such as hockey and lacrosse sticks, billard cues, ski poles toy and souvenir baseball bats less than 24 inches and two golf clubs will be allowed onboard. The TSA says the relaxed rules will not compromise passenger safety and will bring the US in line with international carry-on rules.

As reported by the Milwaukee Business Journal, cleanup work could begin this spring on a 3.7-acre riverside site in Milwaukee on the 4132 N Holton St, the former Milwaukee Die Casting Plant. The city took over the foreclosed property in December and cleanup would pave way for a future redevelopment of the property. The project is the latest among Milwaukee development officials' efforts to clean up abandoned  manufacturing sites for future use.

Venezuelan President Hugo Chavez died yesterday in Caracas of complications from cancer. He was 58 and had been president since 1999, longer than any other democratically elected leader in the Americas.  Chavez led a nationalist movement that lashed out at the U.S. and wealthy Venezuelans, tapping into the resentments of the poor.

Milwaukee-basic MGIC, one of the nation's largest insurers of low down-payment mortgages, is selling 135 million shares and $350 million in notes to generate funds, preparing for the rebound in the housing market. MGIC said almost all of the losses incurred by the company have been on mortgage insurance written in 2008 or earlier. Radian Group Inc, an MGIC competitor, recently raised $689 million by selling stock and debt.