Chicago economy

EXPLAINER: So why is Beijing hosting more Olympics? | Radio WGN 720

BEIJING (AP) — No one considers Beijing a winter sports capital. So why is the sprawling city – world famous for roast duck, maze-like “hutong” courtyard neighborhoods and its fight against air pollution – hosting the Winter Olympics? These Games come just 13 and a half years after the extravagant Summer Games of 2008. And […]

Chicago economy

South Africa’s Ramaphosa will speak on the nation’s challenges | Radio WGN 720

through: MOGOMOTSI MAGOME, Associated Press Job : February 10, 2022 / 11:25 a.m. CST / Update: February 10, 2022 / 11:25 a.m. CST Naval troops march towards Cape Town South Africa’s Town Hall, Thursday February 10, 2022 where they will await the arrival of President Cyril Ramaphosa. Ramaphosa will deliver his State of the Nation […]

Chicago economy

Facebook in trouble as Zuckerberg pivots to metaverse | Chicago News

(Pixabay) Meta, the company formerly known as Facebook, is in trouble. On Thursday, Meta stock fell 26%, wiping out $230 billion of the company’s value. Since then, his stock has continued to decline and has now lost about a third of its value in less than a week. The company faces challenges on several fronts, […]

Chicago economy

Lisa Cook shows courage to write Fed history

Many days you may end up worrying about the kind of sarcastic remarks you might encounter in a hothead at the grocery store if you’re wearing — or sometimes not wearing — a mask during the pandemic. We often find ourselves stuck in a politicized world of zero tolerance and even less than zero analytical […]

Chicago economy

Food prices hit record highs, threatening the world’s poorest

IMF data shows that average food inflation around the world reached 6.85% on an annualized basis in December, the highest level since the start of their series in 2014. Between April 2020 and December 2021, the price soybeans soared 52%, and that of corn and wheat both rose 80%, according to fund data, while the […]

Chicago economy

Illinois residents should check unclaimed property, cash, says state treasurer – NBC Chicago

Illinois Treasurer Michael Frerichs on Tuesday encouraged all residents to check out property or cash that belongs to them on National Unclaimed Property Day. “We know that when we put money back in the hands of residents, it does more good for our economy than sitting in a bank,” Frerichs said in a statement. Unclaimed […]

Chicago economy

Pre-market actions: Why companies are obsessed with worker compensation

It just happened: US worker compensation rose 4% in the year to December 2021, the biggest increase in two decades. The companies emphasized when releasing their financial results that they do not see this trend dissipating any time soon. “Like [we] this year, we expect there will be further pressure on wages,” McDonald’s (MCD) CEO […]

Chicago economy

Trains, grain, beer: the National Railroad Museum opens a new exhibition

GREEN BAY, Wis. (WFRV) — If you’re a fan of beer and trains, you’re in luck with this new exhibit at the National Railroad Museum. Beginning January 29, the museum’s Fuller Hall Gallery will present the exhibition “The Milwaukee Beer Line: From Grain to Glass.” The Milwaukee Beer Line was a section of the Chicago, […]

Chicago economy

Steve Schapiro, witness photojournalist, dies at 87

Steve Schapiro, photojournalist and social documentarian who has witnessed some of the most significant political and cultural moments and movements in modern American history, beginning in the 1960s with the struggle for racial equality in the Jim Crow South, died Jan. 15 at his home in Chicago. He was 87 years old. The cause was […]

Chicago economy

Boeing 787 problems result in $4 billion loss

Boeing announced a $4.16 billion loss in the fourth quarter as the financial fallout from production defects in one of its best-selling planes, the 787 Dreamliner, worsened. The aircraft manufacturer has paid $3.5 billion to cover further delays in delivering copies of its 787 jetliner and compensation for airlines still waiting to receive their planes. […]

Chicago economy

Government must do more to prevent recovery of K-shaped economy: Raghuram Rajan

Known for his outspoken views, Rajan also said the government must do more to prevent a K-shaped recovery of the economy hit by the coronavirus pandemic. Typically, a K-shaped recovery will reflect a situation in which technology and large capital firms recover at a much faster pace than smaller businesses and industries that have been […]

Chicago economy

Downtown Chicago Loop needs investment to compete with Fulton Market and other hubs

There was a time when companies looking for office space in Chicago naturally gravitated to the city’s historic downtown area. Competition came primarily from suburban office parks which fell out of favor around the turn of the century. The loop exploded when the headquarters returned to the city. Now there is competition closer to home. […]

Chicago economy

An economic assessment of Covid-related lockdowns

An empty Pfizer-BioNTech Covid-19 vaccine bottle is placed in a waste container at a vaccination site in San Francisco, January 10. Photo: David Paul Morris/Bloomberg News As President Biden’s first year of handling the pandemic draws to a close, many of his staunchest critics point to the ugly numbers: More Americans have died of Covid-19 […]

Chicago economy

Michigan Educators and Students: Join the Fight to Close Schools and Stop the Pandemic!

The Michigan Educators Rank-and-File Safety Committee (MERFSC) held a joint meeting with the University of Michigan International Youth and Students for Social Equality and the Chicago Educators Rank-and-File Safety Committee on January 12. Following the meeting, which was attended by educators, parents, and students from Michigan and Illinois, MERFSC adopted the following statement. The Michigan […]

Chicago economy

The Black Press backs VP Harris’ new communications director, Jamal Simmons

He is one of five high-ranking black men leading the way to the White House. He is none other than Detroit native Jamal Simmons, and he was recently named in early January as Vice President Kamala Harris’s new communications director. Simmons, a political analyst (who has appeared on national news networks like MSNBC and CNN), […]

Chicago economy

The True State of the Illinois Economy: Chronicle of Orphe Divounguy

Next month, Pritzker will address Illinois with his annual State of the State address. Here’s a look at Illinois’ true position. The problem for the people of Illinois has gotten much worse. According to the latest census estimates, Illinois’ population declined in 2021 for the eighth consecutive year, and internal emigration is driving all of […]

Chicago economy

Analysis: A popular Fed? It’s at least starting to look like this

SAN FRANCISCO, Jan 12 (Reuters) – Seven years ago white men made up the majority of directors on the boards of all but one of the 12 U.S. Federal Reserve banks. This year, white men are for the first time in the minority among everyone. Of the 105 directors on newly appointed boards in 2022, […]

Chicago economy

Powell of the Federal Reserve: High inflation “takes a heavy toll” | WGN 720 radio

through: CHRISTOPHER RUGABER, Associated Press Posted: January 10, 2022 / 5:52 PM CST / Update: January 10, 2022 / 6:33 PM CST FILE – Federal Reserve Chairman Jerome Powell speaks during a Senate Banking Committee hearing on Capitol Hill in Washington on Tuesday, November 30, 2021. High inflation is wreaking havoc on American families, acknowledged […]

Chicago economy

new law for 2022 requires contracts for homeworkers | Latino voices | Chicago News

[ad_1] A new prescription went into effect Jan. 1 in Chicago with the aim of bringing structure and accountability to what has been largely an informal economy than Chicago. The mandate of domestic workers covers jobs like nannies, home helpers and housekeepers. It requires their employers to give them a written contract with mutually agreed […]

Chicago economy

Here are the top 22 global travel hotspots with ‘cheap’ airfares for 2022

[ad_1] The Canadian province of Alberta ranked fifth in cheap flights with low average airfares to and from Calgary. AJ_Watt | E + | Getty Images So you haven’t taken a vacation to a long-haul destination since Covid first hit almost two years ago. You can’t wait to get out – despite recent air travel […]

Chicago economy

Additional help from child tax credit ends, just as Covid resurfaces

[ad_1] This does not happen. The polls found the public roughly divided on whether the program should be extended, with opinions divided along partisan and generational lines. And the expanded tax credit failed to convince the person whose opinion mattered most: West Virginia Democrat Senator Joe Manchin III, who raised concerns about the cost and […]

Chicago economy

Soy is aiming for a third year of gains; corn, wheat up more than 20% in 2021

[ad_1] SINGAPORE, Dec.31 (Reuters) – Chicago soybean futures were heading for a third year of gains on Friday, although expectations of a near-record crop in Brazil’s top exporter reached the lead of the contract in recent weeks. Wheat and corn gained more than 20% in 2021 as strong demand and tight supplies supported agricultural markets. […]

Chicago economy

Post-Covid economy could be stronger than pre-Covid

[ad_1] Fourteen years ago, in December 2007, a decade of economic expansion in the United States came to an end. The previous period of growth – which ended in 2001 – also lasted 10 years. Officially, the recession in the United States that followed the financial crisis and the collapse of investment bank Lehmann Brothers […]

Chicago economy

New York Hotel Association calls for action on property taxes

[ad_1] Vijay Dandapani, President and CEO, HANYC (Getty Images, iStock / Illustration by Steven Dilakian for The Real Deal) New York City hotels have long been haunted by high property taxes, but a further increase has made the expense difficult for the industry to bear. Property taxes hit 30% of revenue in 2020, a huge […]

Chicago economy

Omicron variant causes Christmas flight cancellations and holiday headaches

[ad_1] Find out what clicks on FoxBusiness.com. United Airlines was forced to cancel 121 flights on Christmas Eve, in part because of the omicron variant of the coronavirus. According to Aware of theft, United Airlines canceled 121 flights on Friday, equivalent to 6% of their overall flight schedule. FOX Business has identified 21 cases where […]

Chicago economy

Chicago Economic Forecast 2022: Slower Growth Due to COVID, Manufacturing Problems

[ad_1] Dubow’s worries are an allegory of cross-currents lashing an economy in recovery, but still disrupted by COVID, haunted by labor unrest, supply chain bottlenecks and consumers pessimistic but spendthrift. Inflation is at a four-decade high, workers are quitting in record numbers, and COVID introduces another wild card: the omicron variant. Nonetheless, economists forecast greater […]

Chicago economy

President-elect Boric aims to undo Chile’s economic progress

[ad_1] “Chile will be the tomb of neoliberalism,” promised Gabriel Boric after being chosen as the far left presidential candidate in July. His 56% to 44% victory over conservative José Antonio Kast in Sunday’s election gives him a chance to keep that promise. The election was a referendum on Chile’s past four decades. While Mr. […]

Chicago economy

Midwest Lags National Clean Energy Policy Rankings • Missouri Independent

[ad_1] An analysis of 100 major cities by the American Council for an Energy-Efficient Economy (ACEEE) found that nationwide, cities are largely off track to meet their own greenhouse gas reduction targets and / or they do not collect data that would allow them to significantly record these emission reductions. The ACEEE assessed cities on […]

Chicago economy

growing problem of agricultural labor trafficking in Illinois | Latino voices | Chicago News

[ad_1] Agriculture in Illinois is big business as one of America’s largest producers of soybeans, corn, and pork. the Illinois Agricultural Bureau estimates that the Illinois agricultural industry and related activities contribute more than $ 50 billion to the state’s economy. But the nature of farm work and the structure of our nation’s migrant labor […]

Chicago economy

TransUnion completes sale of TransUnion Healthcare to

[ad_1] CHICAGO, December 17, 2021 (GLOBE NEWSWIRE) – TransUnion (NYSE: TRU) today announced that it has completed the sale of TransUnion Healthcare, Inc. (“TransUnion Healthcare”) to nThrive, Inc. (“nThrive”), a Leading Healthcare Revenue Cycle Management (“RCM”) (“SaaS”) software platform supported by Clearlake Capital Group, LP (with certain affiliates, “Clearlake”), for $ 1.735 billion in cash […]

Chicago economy

Goal! State grant helps light up sports complex and economy

[ad_1] Like they say in the movies … Lights … Camera … Lights … Action … and more lights and even more lights and … I’m not trying to keep you in the dark by several references to lights. (see what we did there) It’s just a cheap writer’s ploy to get your attention to […]

Chicago economy

Covid News: Omicron variant appears to be spreading rapidly in Washington state

[ad_1] Rockefeller Center in Manhattan. A statewide mask mandate goes into effect Monday, forcing all businesses and public spaces that do not check the status of vaccines to require a mask.Credit…Karsten Moran for The New York Times Starting Monday, when New Yorkers hit a store for a quick purchase, they will again need to make […]

Chicago economy

Inflation in IL: How Much More Food and Gas Cost Residents?

[ad_1] ILLINOIS – The economy is doing well, maybe too well. Nearly six million jobs have been created since President Joe Biden took office earlier this year, a record for a president’s first term, and the unemployment rate has fallen to 4.2% in l nationwide. And, as companies created 210,000 jobs in November – less […]

Chicago economy

Senate rejects Biden vaccine mandate for business, with 2 Democrats joining Republicans

[ad_1] Hello and welcome to Fox News First. Here’s what you need to know to start your day … Senate votes to repeal federal Biden vaccine mandate for businessThe Senate voted on Wednesday to repeal a President Biden-supported the federal COVID-19 vaccine mandate for private companies. The final vote was 52-48. Moderate Democratic Senators Joe […]

Chicago economy

Walmart Heir Lukas Walton Joins Family Offices in Fund to End Waste

[ad_1] Money raised in the new round will go to Asian recycling companies and will also be used for direct investments in climate technology startups, starting with three in the United States. Unlike the first fund, whose investors are only companies, the latter was raised from private capital. , such as family offices, said Rob […]

Chicago economy

Farrell: Would it help the economy not to buy Christmas presents?

[ad_1] The intensified sales promotions for BlackFridayWeekendCyberMonday (the four days should be a word) are not slowing down. Retailers will carry deals and discounts until the end of the holiday. The gift-buying frenzy that retailers try to stoke reminds me of the writings of economist Joel Waldfogel, a professor at the Carlson School of Management […]

Chicago economy

U.S. Secret Service finds out Russia plotting Ukraine offensive – NBC Chicago

[ad_1] President Joe Biden on Friday pledged to make it “very, very difficult” for Russian Vladimir Putin to take military action in Ukraine as US intelligence officials determine Russia is planning a possible military offensive that could begin from the start of 2022. The new intelligence finding estimates that the Russians plan to deploy around […]

Chicago economy

aid manager: crises in Afghanistan “gradually worsen” | WGN 720 radio

[ad_1] through: LEE KEATH, Associated press Posted: Dec 2 2021 / 11:01 CST / Update: Dec 2 2021 / 11:01 CST Alexander Matheou, Asia-Pacific regional director of the International Federation of Red Cross and Red Crescent Societies, addresses The Associated Press in Kabul on Thursday, December 2, 2021. Matheou said Afghanistan is hit by multiple […]

Chicago economy

Wheat bounces off supply issues, COVID-19 worries about cap gains

[ad_1] Chicago wheat surges after heavy losses over coronavirus fears Soybean futures rise after 5 sessions of decline, corn firms SINGAPORE, December 1 (Reuters) – Wheat supply problems helped Chicago futures bounce back on Wednesday after heavy losses in last session due to fears of a new variant of COVID-19 and its impact on the […]

Chicago economy

Joaquina Kalukango and Amanda Williams on Creative Freedom

[ad_1] AW: What impact does this have on your profession? Does it make you stumble over having to pay attention to words in a way that you might not have been before? JK: We are all more careful. Everyone is fragile. We are still in the midst of a pandemic, and so many issues have […]

Chicago economy

Biden sees common culprit in nation’s woes – NBC Chicago

[ad_1] Inflation is skyrocketing, businesses are struggling to hire, and President Joe Biden’s polls are plummeting. The White House sees a common culprit for all of this: COVID-19. Biden’s team sees the pandemic as the root cause of the nation’s malaise and its own political woes. Finally, controlling COVID-19, according to the White House, is […]

Chicago economy

The liberal media regularly downplay inflation or turn it into a positive: “Reduce the burden of your purchases”

[ad_1] Art Laffer: Inflation is Biden’s problem now Former Reagan economic adviser Art Laffer comes in after President Biden re-elected Jerome Powell as Federal Reserve Chairman. It also weighs on rising prices for groceries ahead of the holiday season. For months, most of the media downplayed the effects of inflation and the supply chain crisis, […]

Chicago economy

Opinion: It’s time for a citizen dividend

[ad_1] Guaranteed income programs are popping up all over the United States. It’s time to expand beyond local pilot programs and embrace a nationwide Citizen Dividend, an annual distribution of a share of corporate profits to every American, to tackle rising economic inequality and stay true to our deepest American values. Three years ago, perhaps […]

Chicago economy

Alden Global Capital Makes Offer to Buy Lee Enterprises | Business and Economy

[ad_1] Hedge fund Alden Global Capital has made an offer to acquire Lee Enterprises, owner of Quad-City Times and Dispatch Argus. Alden already owns 6% of Lee’s shares. Alden sent a letter Monday to Lee’s board of directors offering to buy the remainder for $ 24 a share, which is roughly $ 141 million, in […]

Chicago economy

Magnificent Mile Lights Festival parade returns after COVID disruption – NBC Chicago

[ad_1] A sign that the holidays are approaching, the BMO Harris Bank Magnificent Mile Lights festival returned to Michigan Avenue on Saturday. While the in-person festivities were canceled last year due to the pandemic, this time around, hundreds of families lined the streets to watch the dazzling performers and light-up floats parade. “Everyone is so […]

Chicago economy

House adopts Dem’s broad social and climate package – NBC Chicago

[ad_1] Democrats ruled out months-long divisions on Friday and pushed through their sweeping social and environmental bill in a heavily divided House, as President Joe Biden and his party moved closer to capitalizing their control of government by channeling its resources towards their main national priorities. The House approved the legislation in a vote close […]

Chicago economy

With gas prices soaring, Biden calls for investigation into possible “illegal behavior”

[ad_1] President Joe Biden on Wednesday asked the Federal Trade Commission to investigate whether “illegal behavior” is to blame for soaring gasoline prices that have hurt Americans’ wallets. Fuel prices average over $ 3.40 per gallon, according to to the American Automotive Association, which predicts that more than 48 million Americans will likely hit the […]

Chicago economy

Israeli couple detained in Turkey for taking photo of Lapid palace appeals

[ad_1] US-Israel-UAE-Bahraini naval exercise sends message to Iran, IDF official says Joint US-Israel-UAE-Bahraini naval exercise in Red Sea serves as direct response to Iranian navy presence and aggression in Middle Eastern waters, senior naval official said Israeli. “This presence is something that we need to push back as much as possible from the State of […]

Chicago economy

Chicagoans ‘humiliated’ by massive Xfinity outage – NBC Chicago

[ad_1] A massive Xfinity internet, phone and cable outage affected tens of thousands of customers from coast to coast this week. While customers in the Chicago area began reporting outages around 7 a.m. Tuesday, outages were reported in California as early as Monday evening. Many Illinois customers reported the service being restored before 9 a.m. […]

Chicago economy

UPS Hires Chicago: Delivery Company Seeks to Hire 1,000 Workers Before Holiday Season

[ad_1] CHICAGO (WLS) – Delivery companies are heading into peak season, and to be ready, UPS is launching a hiring push. About 100 candidates were hired at the Chicago office on Friday, and there will be more. “We still employ 60,000 people at this time of year across the country,” said Chelsea Allison, who heads […]

Chicago economy

City of Chicago: Mayor Lightfoot announces historic investment in tree equity in recently passed budget

[ad_1] November 4, 2021 CHICAGO – Mayor Lori E. Lightfoot highlighted a historic expansion and reorientation of the city’s tree planting operations, funded by $ 46 million in municipal funding. As part of the Mayor’s new tree equity strategy, the city will plant 75,000 trees across the city over the next 5 years. This represents […]

Chicago economy

Manchin hesitates over Biden’s plan and pushes back progressives | WGN 720 radio

[ad_1] WASHINGTON (AP) – Senator Joe Manchin hesitated on Monday over his support for President Joe Biden’s sweeping $ 1.75 trillion domestic policy proposal, saying it was instead “time to vote” on a package of $ 1 trillion thinner infrastructure that stagnated amid talks. The West Virginia Democrat’s announcement comes as Democrats want a signal […]

Chicago economy

Can’t pass a carbon tax? Demand transparency, say economists

[ad_1] Mili Fomicov, Lars Peter Hansen, Sir Ronald Cohen and Randy Kroszner discuss the contribution … [+] transparency could have for a cleaner economy in a forum on the future of capitalism sponsored by the Booth School of Business at the University of Chicago. Screenshot UChicago Booth School of Business Transparency alone can motivate companies […]

Chicago economy

Ecuadorian government sends amended tax reform to lawmakers

[ad_1] By Alexandra Valence QUITO (Reuters) – The government of Ecuadorian President Guillermo Lasso on Thursday offered lawmakers a modified tax reform that would increase contributions from top-earning companies and raise $ 1.9 billion in its first two years, announced Thursday the Ministry of the Economy. Lawmakers have rejected an omnibus tax, investment and labor […]

Chicago economy

Holiday sales could break last year’s record season, says National Retail Federation

[ad_1] The National Retail Federation, the nation’s largest retail group, expects higher holiday sales to shatter last year’s record season, even as a chain Growing global supply slows the flow of goods and drives up prices for a wide range of items. The trade group said on Wednesday that it expects sales for the period […]

Chicago economy

United Announces New Shuttle Program Between Newark Liberty and Reagan Domestic Airports Starting Oct. 31 with Customers’ Favorite Dual-Class CRJ-550

[ad_1] United now makes 32 trips per day between the New York area and DC, a 78% increase and the most flights of any airline Posted: October 26, 2021 at 9:00 a.m. EDT|Update: 49 minutes ago NEW YORK, October 26, 2021 / PRNewswire / – United Airlines operates flights between New York City and Washington […]

Chicago economy

Youngkin’s school warnings intensify GOP’s suburban push | WGN 720 radio

[ad_1] ASHLAND, Va. (AP) – Glenn Youngkin wants voters in Virginia to hear an urgent message: Your children are in danger. In a speech last week in a suburb of Northern Virginia, the Republican gubernatorial candidate highlighted the murky case of a student who allegedly committed sex crimes at two area schools. He said the […]

Chicago economy

Dot Bets on Post-COVID Rural Appeal, Pays Employees to Move | State and regional

[ad_1] By JOHN O’CONNOR The Associated Press MOUNT STERLING, Illinois (AP) – Dot Foods had a problem. In early 2020, COVID-19 put the brakes on six decades of almost constant hiring. When the pandemic abated and business picked up again last spring, the company found that potential employees, less willing to work, or at least […]

Chicago economy

Official: US at turning point in Myanmar crisis management | WGN 720 radio

[ad_1] JAKARTA, Indonesia (AP) – The United States is at a crossroads in its decision to handle the Myanmar crisis under military control, weighing new political and economic measures to pressure the government to change its behavior, a said a senior US official on Thursday. “The situation is worsening in Burma, both from a humanitarian […]

Chicago economy

More Young People Seeking Commercial Jobs After High School, Says Chicago Area Tech Center – NBC Chicago

[ad_1] Skilled workers are in demand across the country, and Chicago-area businesses tell NBC 5 there are plenty of well-paying jobs in industries that aren’t going anywhere, heating and air conditioning specialists to truck drivers. “There are a lot of people between the ages of 35 and 55 who can very well be professional truck […]

Chicago economy

Civil rights activist and historian Timuel Black dies at 102 | Business and Economy

[ad_1] FILE – In this January 14, 2009 file photo, civil rights leader and political activist Timuel Black speaks in his Chicago apartment. Black, a retired City Colleges of Chicago professor of sociology and anthropology, a former Chicago public school history professor and pioneer of the independent black political movement that coined the phrase “plantation […]

Chicago economy

Pritzker says continued drop in COVID could end his mask tenure

[ad_1] Gov. JB Pritzker has hinted that Illinois could see indoor mask warrants lifted if coronavirus transmissions in the state continue to decline. He would not give a specific objective. Governor JB Pritzker said Illinois will have to show a constant decline in the state’s COVID-19 transmissions before considering lifting the statewide indoor mask mandate […]

Chicago economy

Biden to push COVID-19 vaccine warrants for businesses visiting Illinois

[ad_1] President Biden is expected to promote COVID-19 vaccine mandates for businesses during his rescheduled visit to Chicago on Thursday, where he is expected to meet with leaders from the private and public sectors, and will stress that these requirements will “accelerate” the end of the pandemic. coronavirus. The president is expected to meet with […]

Chicago economy

Greater racial integration would boost US growth, according to Moody’s

[ad_1] The gain would be an “economic game changer,” wrote economists Mark Zandi, Dante DeAntonio, Kwame Donaldson and Matt Colyar. “This is real money that could dramatically improve the long-term financial success of all Americans.” Get 4 weeks of Crain’s for $ 1 Racial integration is essential as the United States moves to become a […]

Chicago economy

UChicago Focuses on the Future of Cities in a Post-COVID-19 World | Chicago News

[ad_1] (Jürgen Polle / Pixabay) This month, the University of Chicago welcomes its third “Urban october”To focus on the issue of improving urban life for the billions of people who live in cities around the world in the wake of a pandemic that has highlighted inequalities around the world and in Chicago. The goal is […]

Chicago economy

Myths Debunked, History Examined, and Lessons Learned from the 150th Anniversary of the Great Chicago Fire – CBS Chicago

[ad_1] CHICAGO (CBS) – This week marks the 150th anniversary of the city’s iconic disaster. The Great Chicago Fire began on Sunday October 8, 1871 on what we would now call the city’s Near West Side. In two days, he jumped the South Arm of the Chicago River, destroyed downtown, and skipped the main Chicago […]

Chicago economy

Global equities retreat after suspension of Evergrande shares | WGN 720 radio

[ad_1] Global stocks fell as the Hong Kong benchmark fell more than 2% after shares in struggling real estate developer China Evergrande were suspended. Shares opened lower in Paris, Frankfurt and Tokyo. US futures also fell. China Evergrande did not say why it suspended its shares, but a Chinese financial information service, Cailian, said another […]

Chicago economy

What is the debt ceiling? How the government default could affect Social Security, the Child Tax Credit; What happens on October 18th

[ad_1] WASHINGTON – While the concept of the debt ceiling may seem “in the weeds”, it actually poses a very real threat to millions of Americans in difficult economic times. If lawmakers on Capitol Hill remain stuck on raising the debt ceiling, the government could default – in essence, unable to pay the bills. This […]

Chicago economy

Chicago Bears officially sign purchase agreement for Arlington Park

[ad_1] CHICAGO – The Chicago Bears have informed the office of Chicago Mayor Lori Lightfoot that the team has signed a purchase agreement for the Arlington International Racecourse property in the northwestern suburb of Arlington Heights. However, city officials insist it’s not a done deal that the team will leave the lakeside. Their lease runs […]

Chicago economy

Bears sign purchase agreement for Arlington Park property: exclusive

[ad_1] The Bears signed a purchase contract for the property at Arlington International Racecourse in the suburb of Arlington Heights, Ill., Athleticism has learned. The team is expected to announce the news on Wednesday morning. “We are not surprised by this decision. We remain committed to continuing work to keep the team in Chicago and […]

Chicago economy

Investors seek a safer haven in real estate and auctions

[ad_1] CHICAGO, Sept. 28, 2021 (GLOBE NEWSWIRE) – As the Covid economy reshapes consumer markets, investors find refuge in real estate, especially in auctions, according to the Chicago-based national real estate company , Diliberto Real Real Estate Services. The world of real estate has changed. Professional office equipment these days offers a short walk to […]

Chicago economy

Exclusive: Barack Obama defends Obama Center location, is “absolutely confident” it will benefit the community

[ad_1] Ahead of Tuesday’s inauguration of the Obama Presidential Center in Chicago, former President Barack Obama reflected on the centre’s mission and defended his decision to choose historic Jackson Park on Chicago’s South Side as the site to honor his legacy . Some community organizers have expressed concern that the development of the center, which […]

Chicago economy

Dow recovers pole at 35,000 as bank stocks rise, but Nasdaq Composite drops 1% as Treasury yields recover

[ad_1] U.S. stock indexes traded mixed on Monday morning, with tech-related stocks under strong selling pressure, while Dow industrials rose more than 200 points as bank stocks soared, driven by the earnings of Goldman Sachs Group Inc. What are the main indexes doing? The Dow Jones Industrial Average DJIA, + 0.42% traded up 227 points, […]

Chicago economy

NABOR® Economic Summit Experts Discuss Migration and Regulatory Patterns

[ad_1] NAPLES, FL – Over 300 REALTORS®, real estate professionals and local leaders interested in the economic health of Collier County and its effects on the local real estate market have attended, in person or virtually, the Naples Area Board of REALTORS® (NABOR®) ninth annual economic summit, “A View from the Top”, Tuesday September 7, […]

Chicago economy

China declares cryptocurrency transactions illegal as crackdown continues

[ad_1] Bitcoin, Ethereum and other cryptocurrencies lost value on Friday after China declared all transactions involving those digital currencies “illegal”. The central bank of China, the People’s Bank of China, issued a statement on Friday saying that the use of these virtual currencies disrupts the economic order and is linked to money laundering, fraud and […]

Chicago economy

Chicago’s Haitian community worries about mistreatment of Haitian migrants at the US-Mexico border

[ad_1] CHICAGO (WLS) – Some Chicagoans with personal ties to Haiti say they feel the pain of those trying to come to the United States. Two in three people returned to Haiti from the US border are women and children. “It’s sad,” said Daphnee Camilien, of the Illinois Haitian American Lawyers Association. “I can’t believe […]

Chicago economy

Debt default: The United States risks defaulting on its debts, with dire consequences if Congress does not act

[ad_1] WASHINGTON – Fight to raise the country’s borrowing limit underscores a reality for Democrats as they stand in the midst of their most important moment for President Joe Biden’s sweeping legislative agenda: to introduce a potential default in mixing can have devastating consequences. A mild recession, analysts said, would likely be the best-case scenario […]

Chicago economy

Penny Pritzker ’81 gift to usher in a new era for Harvard’s economy – Harvard Gazette

[ad_1] Philanthropist, entrepreneur, civic leader and former US Secretary of Commerce Penny Pritzker ’81 donated $ 100 million in support of the Department of Economy in the Faculty of Arts and Sciences, Harvard announced today. Pritzker’s donation will help create a new home for the department and strengthen its global impact by enabling faculty, graduate […]

Chicago economy

Fond du Lac Worker Incentive Program Offers Affordable Price To UW Graduates The Badger Herald

[ad_1] As numerous Small suburban and rural towns in Wisconsin, Fond du Lac faces a labor shortage. As students of the University of Wisconsin system graduate and are tasked with finding employment, many are turning to major cities like Milwaukee, Chicago, Minneapolis, and Madison for work. It’s no secret that these cities, despite their metropolitan […]

Chicago economy

Why markets ignore valuations, plus: Morningstar slashes the ex-star

[ad_1] Go with the flows “What drives capital markets? The answer, according to hot news academic document is… uh… capital. “When an investor sells bonds for $ 1 and buys stocks for $ 1… the overall market value increases by about $ 5,” write the authors, finance professors Xavier Gabaix and Ralph Koijen. They explain […]

Chicago economy

Massive Energy Bill Becomes Law, Investing Billions Between Renewables and Nuclear Sectors |

[ad_1] SPRINGFIELD – Governor JB Pritzker was joined by environmental and social justice activists, union representatives and lawmakers from both sides on Wednesday (September 15) as he enacted a sweeping overhaul of energy regulations aimed at phasing out emissions energy sector by 2045 while diversifying the renewable energy workforce. His signing marked a festive end […]

Chicago economy

Representative Kelly and owner of local grocery store hail Restaurant Revitalization Fund as a lifeline

[ad_1] Alice Davis, owner of Bergstein’s Deli, with her daughter Rachel, talks about the impact of federal aid on the business during the pandemic. From left to right, behind her, Chicago Heights Mayor David Gonzalez, US Representative Robin Kelly and Chicago Heights Alderman George Brassea. Representative Robin Kelly, D-Il, said she was proud to have […]

Chicago economy

Avocados, Race, and Money: The Disorderly Illinois Weed Experiment

[ad_1] “Yes, there were challenges because we just put the jackhammer in the ground for the first time. And it’s loud and loud and hard, ”Toi Hutchinson, Democratic Governor. JB PritzkerSenior Cannabis Advisor, said in an interview. “You have to go through this until you get to what building a new economy and a new […]

Chicago economy

Chicago Latino-owned businesses stay afloat despite raging COVID-19 pandemic

[ad_1] CHICAGO (WLS) – Small village. It is the beating heart of the Mexican community in Chicago. “My dad opened this place until September 16, 1977. It’s going to be 44 years. The same place here in La Villita,†said Laura Gutierrez, owner of Nueveo Leon restaurant. With revenues exceeding $ 900 million per year, […]

Chicago economy

United Airlines plans to start flights between Washington, DC and Lagos, Nigeria in November

[ad_1] “This new flight to Lagos has been eagerly awaited by our customers and offers the very first non-stop service between Washington DC and Nigeria, plus convenient one-stop-shop connections to over 80 destinations across the Americas, including Houston and Chicago,” noted Patrick quayle, vice president of United’s international network and alliances. “On behalf of all […]

Chicago economy

Coronavirus, last New York judge blocks state vaccination mandate for healthcare workers

[ad_1] More American employers are rely on financial incentives to attract employees than in any other country, according to a ManpowerGroup survey. Forty-two percent of employers in the United States need financial incentives to attract workers and address talent shortages, compared with a global average of 31 percent, according to the global survey of 45,000 […]

Chicago economy

Martwick welcomes adoption of energy plan that makes Illinois a leader in the fight against climate change

[ad_1] SPRINGFIELD – State Senator Robert Martwick (D-Chicago) believes the energy legislation that was passed by the General Assembly today takes strong action to tackle climate change by setting deadlines for increased use of clean energy and closures of fossil fuel combustion plants, as well as establishing incentives to accelerate the adoption of electric vehicles. […]

Chicago economy

Wintrust Business Luncheon 10/9/21: How ‘The Great Resignation’ Impacts the Economy, Chicago’s ‘Perfectly Imperfect’ Bakery, and a Beginner’s Guide to Investing in Cryptocurrency | WGN 720 radio

[ad_1] Posted: Sep 10, 2021 / 4:50 PM CDT / Update: Sep 10, 2021 / 4:50 PM CDT A banner with the bitcoin logo is seen during the 2021 Bitcoin cryptocurrency conference at the Mana Convention Center in Miami, Florida on June 4, 2021. (Photo by Marco BELLO / AFP) (Photo by MARCO BELLO / […]

Chicago economy

White House appeals to populist message as Biden proposes $ 3.5 million plan | WGN 720 radio

[ad_1] WASHINGTON (AP) – The White House is preparing an urgent, populist message to sell President Joe Biden’s $ 3.5 trillion program to “build better,” even as House committee leaders begin to produce pieces of the measure to come. In a note sent to Capitol Hill on Tuesday and obtained by The Associated Press, the […]

Chicago economy

Missoula Sheriff’s Office shooting victim identified

[ad_1] Ravalli County Sheriff and Coroner Steve Holton issued a press release Friday afternoon identifying the victim of a fatal shooting at the Missoula County Sheriff’s Office that occurred on August 29. The victim was identified as Johnny Lee Perry II of Missoula. The Ravalli County Coroner’s Office is conducting the coroner’s inquest, which is […]

Chicago economy

Latest coronavirus: Governor of Idaho reactivates National Guard to support hospitals

[ad_1] Pennsylvania has issued a mask warrant for schools, with the state facing a Delta variant fueled increase in Covid-19 infections and hospitalizations just as students start the school year. Beginning September 7, face coverings will be required in buildings at K-12 schools and daycare centers across the state, Governor Tom Wolf said on Tuesday. […]

Chicago economy

Governor Pritzker signs package of laws to advance equity in higher education

[ad_1] ROCKFORD, Ill. (WIFR) – Governor Pritzker on Monday afternoon signed several pieces of legislation that will advance fairness and expand opportunities for higher education institutions across Prairie State. He signed three things; Senate Bill 1085, Senate Bill 815, and Bill 3359, which will protect all prospective students and their families from predatory college planning […]

Chicago economy

IDES reminds people of Illinois that improved federal unemployment benefits end next month – NBC Chicago

[ad_1] The Illinois Department of Job Security publicly reminded residents on Friday that federal unemployment programs will end on September 4, 2021. The state noted that “the expiration of these programs has no impact on the state’s regular unemployment system or on claimants receiving regular unemployment benefits.” Expiring programs include Pandemic Unemployment Assistance (PUA), which […]

Chicago economy

Senate MPs unveil $ 3.5 billion budget for social and climate efforts | Chicago News

[ad_1] In this August 3, 2021 photo, Senate Majority Leader Chuck Schumer, DN.Y., speaks to reporters on Capitol Hill in Washington. (AP Photo / J. Scott Applewhite) WASHINGTON (AP) – Senate Democrats on Monday unveiled a budget resolution that calls for $ 3.5 trillion in spending increases and tax breaks to boost social and environmental […]

Chicago economy

Global supply chains collapse as virus variant and disasters strike

[ad_1] LONDON / BEIJING, July 23 (Reuters) – A new global wave of COVID-19. Natural disasters in China and Germany. A cyber attack targeting the main South African ports. Events conspired to drive global supply chains to a breaking point, threatening the fragile flow of raw materials, parts and consumer goods, according to companies, economists […]