Economy

Wed, 02/01/2012
Illinois is so broke that virtually nothing is sacred: Even historic sites connected to Abraham Lincoln could face significant cuts in the upcoming state budget. State preservation officials warn that expected deep cuts, coming after reductions of 15 percent and 16 percent in the past two years, will risk shuttering some locations and...
Mon, 12/05/2011
Last week, a mother asked her daughter, a senior at Niles West High School, what she wanted for her 18th birthday. The daughter said she only wanted her mom to be there. “We don’t have much money, eat at home and don’t really go out,” said the girl, who baby-sits to help defray expenses like playing club soccer. “She’s not working and has raised...
Wed, 10/12/2011
As they had done so many times for Mayor Richard M. Daley, aldermen stood and applauded at the end of Mayor Rahm Emanuel’s first budget speech since he was elected to succeed Daley. And the longest-serving City Council member, Ald. Edward Burke (14th Ward) predicted that a “clear majority” of aldermen would approve Emanuel’s 2012 budget proposal...
Tue, 10/11/2011
Days before he was elected mayor in February, Rahm Emanuel said City Hall’s “day of reckoning” had arrived after years of living beyond its means. At the time, though, Emanuel offered only a rough outline of how he would close the city’s perennial budget gaps. Now, Emanuel’s first real moment of reckoning as mayor has come, as he prepares to...
Fri, 10/07/2011
A cultural anthropologist should stick inside a vault the tape of Forrest Claypool, head of the Chicago Transit Authority, addressing a sea of dark suits at the City Club of Chicago breakfast on Tuesday. Mr. Claypool offered what the French call a tour d’horizon of a decaying transit system. In 25 years, researchers can find a reality about our...
Thu, 09/29/2011
A handful of Chicago-area business owners with renewable-energy systems on their premises are inviting anyone curious enough to stop by on Saturday for a firsthand look at how they work.Fifteen businesses are participating in the Illinois Solar Tour, a daylong event of free, self-guided tours where individuals can get a close-up look at solar...
Mon, 09/19/2011
Tips on locating mentors and building a strong working relationship with themWhen Kenny Lao found out in July that his Rickshaw Dumpling Bar had won a proposal to open a restaurant in Times Square this fall, he realized that the tight time frame allowed no room for mistakes. “This was an unplanned opening,” Mr. Lao said. Mr. Lao turned to the...
Mon, 09/12/2011
Facing a budget deficit exceeding $11 billion, the State of Illinois in recent weeks has begun challenging the property tax exemptions of some of its best-known hospitals, saying they should pay more because they are not providing enough charity care. The Illinois Department of Revenue moved last month to strip property tax exemptions from...
Thu, 09/01/2011
More than six weeks after Mayor Rahm Emanuel announced he could dismiss as many as 625 city workers to balance this year’s budget, just a small fraction of that number have received layoff notices. Only 165 workers were let go so far, according to city documents obtained by the Chicago News Cooperative through the Freedom of Information Act. On...
Thu, 08/18/2011
  This month marks the one-year anniversary of the Green Scene column’s debut, so I thought I’d take a moment for a quick look back and an eager eye ahead.   The local green economy cuts such a wide swath across so many sectors of business, government, non-profits, and various combinations of the above, that there has been no...