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88Nine Radio Milwaukee

Today's stream is sponsored by Maxie's

A.MKE THE List: Facebook's IPO Debut & Summerfest's Website Crashes after Thousands of Fans Download Tickets: Today’s Top Stories

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Wisconsin’s Medicaid Programs face a $141 million budget shortfall over the next year and a half. A recent report from the Legislative Fiscal Bureau found that finances of the health programs need careful monitoring. The Department of Health Services proposed a number of changes to save money…that includes cutting a large amount from Badger Care Plus and improving the dispensing of medicine to elderly people in the Family Care Program. But these changes would have to be approved by the Obama Administration. 

Summerfest is marking 45 years and its doing that with a big giveaway…yesterday it started giving away 45,000 tickets for the 2012 festival’s opening day to fans who went to their website. But yesterday afternoon the website crashed while thousands of fans tried to download the tickets. The giveaway is now extended until noon tomorrow, or until all the tickets are gone. So anyone who goes to their updated website will get a complimentary general-admission ticket good only for June 27th.

Earlier this week ten 10-foot fiberglass guitar sculptures modeled after Les Paul Gibson, arrived in Waukesha as part of the Guitartown Project. The guitars will be painted by local artists and will be displayed at prominent locations throughout town. The well-known musical innovator and guitarist, Les Paul, was born in Waukesha and is buried at the city’s Prairie Home Century. The first public viewing for the Guitartown Project is planned for June 1st.

Facebook filed papers to sell on the open market, and its initial public offering debut is likely to be the most talked about IPO since Google in 04.  Facebook expects to raise as much as $10 billion, which means the company would be valued at $75 to $100 billion.  Typically a stock starts trading three to four months after the filing. Right now regular investors and IPO watchers are anticipating some type of provision to happen as a piece of the debut. 

The GE Foundation announced plans to provide $18 million to the nonprofit, “Student Achievement Partners” to help implement the set of common, national standards for education. Student Achievement Partners will use the four-year grant to collaborate with teachers across the country and train them to enact math and literacy and national science standards. GE is heavily invested in MPS and many MPS teachers will start incorporating the core standards.

Sweet Black Coffee is now under renovation in the Lindsay Heights neighborhood. The café will offer a “pork-free” menu of coffee, bakery and deli sandwiches in addition to having open mic poetry and live jazz throughout the week. Café Owner Simon Warren lost his pervious cafe due to an electric fire and was encouraged to rebuild. So he’s hoping that the new coffee shop will bring an artistic crowd to the area, and give a cultural experience to the community.