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Chicago economy
Dot Bets on Post-COVID Rural Appeal, Pays Employees to Move | State and regional
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…
Official: US at turning point in Myanmar crisis management | WGN 720 radio
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…
More Young People Seeking Commercial Jobs After High School, Says Chicago Area Tech Center –…
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.…
Illinois senator proposes to create state-funded team
Getty
Chicago Bears general manager Ryan Pace has yet to comment on the team's purchase of Arlington Heights.…
More repression, fewer jobs: Jordanians face grim prospects | WGN 720 radio
AMMAN, Jordan (AP) - As a poorly paid public school teacher, Khaled Jaber always needed a little helping hand, working as a private tutor and using his car as a taxi to help pay the bills. For unforeseen needs, such as medical…
Pritzker says continued drop in COVID could end his mask tenure
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…
Bird featured in rare Afghan evacuations welfare story – NBC Chicago
The mynah bird whines from a new cage in the sunny living room of the French Ambassador to Abu Dhabi, far from his life as the pet of a young Afghan woman who has since taken refuge in France.
The talkative, yellow-billed…
How Jesuits Opened Their Doors To Homeless Immigrants After The Great Chicago Fire | Letters
Sun-Times reporter Mitch Dudek is right about seven always-on lights in the Church of the Holy Family, 1080 W. Roosevelt Road, but there is more to the story of Rev. Arnold Damen, SJ and of his wish following the great fire of 1871.…
5 takeaways from the September jobs report – NBC Chicago
September was not exactly the best hiring month many expected and hoped for.
With the Delta variant still disrupting the economy and employers struggling to find enough workers, the gain for the month amounted to 194,000 jobs…
Biden to push COVID-19 vaccine warrants for businesses visiting Illinois
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…
Greater racial integration would boost US growth, according to Moody’s
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…
Sorry, Arlington Heights – Chicago Reader
Pound for pound, last week's funniest headline, if not the month, came from the most unlikely source—Crain's Business in Chicago.
Not widely known for their knee pads.
But in this case, they made me laugh out…
UChicago Focuses on the Future of Cities in a Post-COVID-19 World | Chicago News
(Jürgen Polle / Pixabay)
This month, the University of Chicago welcomes its third "Urban octoberâ€To focus on the issue of improving urban life for the billions of people who live in cities around the…
Myths Debunked, History Examined, and Lessons Learned from the 150th Anniversary of the Great…
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…
Global equities retreat after suspension of Evergrande shares | WGN 720 radio
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…
What is the debt ceiling? How the government default could affect Social Security, the Child Tax…
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,…
AirAsia and Southwest are the world’s best low-cost airlines: Skytrax poll
If you want to fly in style without spending a fortune, watch out - there's a new upper economy class in town.It is Japan Airlines, based in Tokyo, according to a research firm Skytrax, which on Tuesday published the latest results of its…
Is a new trade union movement in the making?
We have heard a lot about how workers reassessed their relationship with work during the pandemic. Between labor shortages in all industries, a series of strikes and organizing campaigns and the shift to remote…
PCE inflation gauge hits highest since 1991
Personal spending growth in the United States rose 0.8% from the previous month, following a downward-revised 0.1% drop in July, Commerce Department figures showed on Friday. Spending in July was previously reported as a gain of 0.3%.…
Obamas lead inauguration ceremony at Obama Presidential Center
Six years after announcing the location of its presidential center, former President Barack Obama and his wife Michelle finally officially opened their $ 830 million facility in Jackson Park on Tuesday, September 28.
It was a historic…
New “temple” for Southeastern New Life Covenant Church – CBS Chicago
CHICAGO (CBS) - It's near an old Sears.
Now the goal is to serve the community in many ways. This is a long vacant property near 76th and Greenwood in Grand Crossing.
READ MORE: 5 people shot dead as gunman fires through window during…
Chicago Bears officially sign purchase agreement for Arlington Park
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.…
Bears sign purchase agreement for Arlington Park property: exclusive
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…
Investors seek a safer haven in real estate and auctions
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…
Exclusive: Barack Obama defends Obama Center location, is “absolutely confident” it will…
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…
Dow recovers pole at 35,000 as bank stocks rise, but Nasdaq Composite drops 1% as Treasury yields…
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…
Illinois Energy Bill A Power Push for Equity Efforts | Black Voices | Chicago News
Since you cannot judge a book by its cover, it is not always wise to judge a law by its title.
A gigantic new energy package signed by Governor JB Pritzker on September 15 could live up to its name.
“The Climate and…
NABOR® Economic Summit Experts Discuss Migration and Regulatory Patterns
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…
Government shutdown looms amid federal budget feud | WGN 720 radio
WASHINGTON (NEXSTAR) - The United States faces a possible government shutdown next week because lawmakers disagree on the federal budget.
Lawmakers have the power to avoid the shutdown but have so far failed to avert the crisis.…
China declares cryptocurrency transactions illegal as crackdown continues
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…
Chicago’s Haitian community worries about mistreatment of Haitian migrants at the US-Mexico…
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…
Debt default: The United States risks defaulting on its debts, with dire consequences if Congress…
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…
Emirates prepares to ramp up its network in the United States
Well, it starts - with the announcement of the United States yesterday about the evolution of its entry policies (and I have an opinion and a think tank on this subject shortly), Emirates is preparing a major ramp-up of the network.
The…
Penny Pritzker ’81 gift to usher in a new era for Harvard’s economy – Harvard…
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…
Fond du Lac Worker Incentive Program Offers Affordable Price To UW Graduates The Badger Herald
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…
Why markets ignore valuations, plus: Morningstar slashes the ex-star
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…
Massive Energy Bill Becomes Law, Investing Billions Between Renewables and Nuclear Sectors |
SPRINGFIELD - Governor JB Pritzker was joined by environmental and social justice activists, union…
The Valley Vagabond: Adventures in Pandemic Travel, Ireland, the Flight (part two)
When we last left Jeff and Diane Lewis, they had finally gone through all the steps to be able to board a flight and disembark in Ireland to visit their daughter. Their journey would surely go smoothly now, right? Keep reading to…
Representative Kelly and owner of local grocery store hail Restaurant Revitalization Fund as a…
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…
Avocados, Race, and Money: The Disorderly Illinois Weed Experiment
“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, â€Toi Hutchinson, Democratic Governor. JB PritzkerSenior Cannabis…
Chicago Latino-owned businesses stay afloat despite raging COVID-19 pandemic
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, 
United Airlines plans to start flights between Washington, DC and Lagos, Nigeria in November
"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,…
As Nashville continues to grow, so does its Latino community
NASHVILLE, Tennessee (WTVF) - Ruth Rico is no stranger to adversity. She left Colombia 18 years ago. “I have come for a better future for my sons,†she said in Spanish.But a passion for cooking and an…
We need a modern labor movement that creates good jobs
While flying to Phoenix Sky Harbor International Airport recently, I spotted the ramp attendants on the tarmac, unloading bags and doing security checks on the plane in the 115 degree heat. Most of the passengers were eager to…
Coronavirus, last New York judge blocks state vaccination mandate for healthcare workers
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…
Martwick welcomes adoption of energy plan that makes Illinois a leader in the fight against climate…
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…
Wintrust Business Luncheon 10/9/21: How ‘The Great Resignation’ Impacts the Economy,…
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!-->…
White House appeals to populist message as Biden proposes $ 3.5 million plan | WGN 720 radio
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…
Missoula Sheriff’s Office shooting victim identified
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…
Latest coronavirus: Governor of Idaho reactivates National Guard to support hospitals
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…
S&P 500, the Nasdaq hits records
SINGAPORE - Asia-Pacific stocks appeared to have a mixed start on Wednesday, as optimism continued to fuel US stocks, with the S&P 500 and Nasdaq reaching record highs.The Nikkei 225 in Japan appeared to open higher than its previous…
Governor Pritzker signs package of laws to advance equity in higher education
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…
IDES reminds people of Illinois that improved federal unemployment benefits end next month –…
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…
Immunization mandates exacerbate class division
America's patchwork approach to vaccine requirements is deepening class divisions in the pandemic.Why is this important: New cases of the coronavirus, driven by the Delta variant, have increased 86% in the United States over the past two…
Senate MPs unveil $ 3.5 billion budget for social and climate efforts | Chicago News
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…
Lightning crash shakes gold markets as Bitcoin holds firm
Gold prices fell during Monday morning's Asian trading session, compounding losses accumulated over the past week.On August 9, the price of gold quickly fell to its lowest level since March as a flash crash brought prices below $ 1,700 /…
Inflation will be the hot topic of the markets in the coming week
Traders work on the floor of the New York Stock Exchange (NYSE), July 21, 2021.Brendan McDermid | ReutersWith new evidence that the job market is on the mend, investors are focusing on inflation over the coming week and whether it will…
2 German regional officials investigate flood warnings | WGN 720 radio
Posted: Aug 6, 2021 / 6:22 AM CDT
/ Updated: Aug 6, 2021 / 6:22 AM CDT FILE - In this file photo from Monday, July 19, 2021, people take a break from!-->…
Global supply chains collapse as virus variant and disasters strike
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,…
Can Democrats Create a New Business Model?
As I watched Jerome Powell, the chairman of the Federal Reserve, focused towards some tough questions in front of Congress last week, my mind returned to October 2008, when the Maestro himself, Alan Greenspan, the former Fed chairman, went…
leftist teacher, new to politics, is the elected president of Peru | WGN 720 radio
LIMA, Peru (AP) - A teacher from one of the poorest communities in the Andes who had never held a post is now the president-elect of Peru after officials in the South American country have him declared the winner of a second round…
Do not act directly to overthrow the Cuban regime
Massive protests have erupted in Cuba against a ruthless dictatorship and cruel deprivation. Not surprisingly, President Miguel Diaz-Canel, the handpicked successor to the Castro brothers, blames the United States for everything.…
Lyft Brings Back A Version Of Shared Rides | Chicago News
(WTTW News)
(CNN) - Shared rides have been a key part of how the founders of Uber and Lyft envisioned disrupting transportation. In 2014, companies competed to be the first to announce their carpooling options, with the promise of…
Experts explain the effect of the rapid reopening of the economy
A few years ago, Yvonne Ferguson-Hardin had no difficulty finding a used car for her eldest daughter. This year, the car races for her youngest daughter were more difficult. And foreigner.
An online salesperson has never shown…
France: thousands of people demonstrate against vaccination, COVID passes
PARIS (AP) - More than 100,000 people demonstrated across France on Saturday against the government's latest measures to push people to get vaccinated and to curb the rise in infections with the delta variant of the coronavirus.…
Pacific Rim Executives Discuss Economic Ways Out of Pandemic | World news
By ROD McGUIRK, Associated PressCANBERRA, Australia (AP) - US President Joe Biden, his Chinese counterpart Xi Jinping, Japanese Prime Minister Yoshihide Suga and Russian President Vladimir Putin are among Pacific Rim leaders who are…
Tech Start-Up “Wire Pulse” Moves From Chicago To South Baltimore
Wire Pulse Inc., a technology company that provides digital solutions to the utilities, industrial cable supply and installation industries, has moved from Chicago to South Baltimore. Wire Pulse's new offices are located on the BGE campus…
Local leaders unveil plan to tackle climate change
After two years of planning, local leaders are ready to act on climate change.
With the goal of reducing and potentially eliminating greenhouse gas emissions over the next 30 years, leaders of the Metropolitan…
Greece Squeezes Vaccine Skeptics As Infections Rise | WGN 720 radio
through: DEREK GATOPOULOS, Associated Press
Posted: Jul 12, 2021 / 12:44 CDT
/ Update: Jul 12, 2021 / 12:44 CDT FILE - In this file!-->…
To watch financially for the rest of 2021
The economy continues to improve in many ways, but many obstacles and obstacles lie ahead.Halfway through a year of recovery, many people are still suffering financially and some things could get worse. The nature of work is changing,…
Cryptocurrency Projects Fuel Economic Development Efforts | New
Factors that contributed to the recent announcement of a $ 50 million…
“Chicago Tonight” in your neighborhood: South Loop | Chicago News
Another sign that Chicago is back to normal is that conventions are starting to return to Chicago, including the Chicago Auto Show at the McCormick Place Convention Center in South Loop in mid-July. Interactive map: Community Report…
Biden insists he can do more with less on the economy
President Biden and his team have entered a “do more with less†phase of his economic agenda, dictated by the political realities of a very divided Congress.The U.S. jobs plan Mr Biden unveiled in March…
The Ford F-Series was overtaken by Ram and Chevy in Q2 and the worst may not be over yet
Linda Zhang, chief nameplate engineer for the Ford F-150, details the new electric F-150 and explains how the shortage of microchips is affecting automotive manufacturing. The Ford F-Series fell from sales peak in the second quarter…
Antonio Lecuna on Chavismo in Venezuela
In today's episode of the Telos Press Podcast, David Pan talks with Antonio Lecuna about his article “Populism in Venezuela: The Nature of Chavismoâ€, from Telos 195 (summer 2021). An excerpt from…
US Adds 850,000 Jobs as Economy Expands Earnings | Chicago News
A shopper walks into a retail store as seen on a hiring sign in Buffalo Grove, Ill. On Thursday, June 24, 2021. (AP Photo / Nam Y. Huh)
WASHINGTON (AP) - In an encouraging wave of hiring, U.S. employers created 850,000 jobs in June, well…
Pandemic tourism: Thailand launches Phuket sandbox plan | WGN 720 radio
PHUKET, Thailand (AP) - Thailand embarked on an ambitious but risky plan on Thursday that it hopes will breathe new life into a tourism industry devastated by the pandemic, opening up the popular resort island of Phuket to…
United Airlines expected to create up to 3,000 new jobs in Chicago area – NBC Chicago
Chicago-based United Airlines orders 270 new Boeing and Airbus jets for its fleet, and largest order in airline history is first step in investment process expected to create more than 25,000 new jobs, including up to 3,000 in…
Impacts of freight mergers must be investigated, says former official | Illinois
(The Center Square) - The largest merger of two railroads in two decades will result in increased freight train traffic across Illinois. A former transport official wants a thorough review to be done on how this will affect…
Report on jobs, Ford earnings and Krispy Kreme IPO next week
Across the cycle, President John Lonski has spoken about inflation issues and the impact of the biggest increase in consumer spending in decades. It's a big week for the US economy with multiple reports on jobs, earnings for major…
Kass: the whole economy is now managed around 2-year electoral cycles
There is nothing like bribing your constituents with other people's money or with the Fed's printing press. The Fed has extended its mandate. Political partisanship reigns today, effective policies have been stopped /…
The aftermath of COVID-19 continues to weigh on Chicago commercial real estate
The Palmer House Hilton has reopened, but the lockdown is looming. Gurnee Mills has obtained a stay from his lenders. The Civic Opera building is in purgatory.
After a frightening 2020 for commercial real estate investors, the fading…
Near. Biden and bipartisan senators have infrastructure deal
WASHINGTON - President Joe Biden on Thursday announced a hard-won bipartisan deal on a scaled-down infrastructure plan that would kick start his legislative priority and validate his efforts to reach the political aisle. He openly…
NAR: US housing market is short of 5.5 million homes
America's housing shortage is more "catastrophic" than expected, according to a new report from the National Association of Realtors (NAR). the report, written by the Rosen Consulting Group, highlights the huge…
Ryan Specialty Group files with SEC for up to $ 100 million IPO
Chicago-based specialty wholesale brokerage Ryan Specialty Group has filed with the Securities and Exchange Commission (SEC) a proposed initial public offering (IPO) of up to $ 100 million.
The number of shares to be offered and…