Chicago Current archives

March 30, 2015 @ 7:01 AM

Surge in R&D spending burnishes U.S. image as innovation nation

WASHINGTON — U.S. companies are again putting money where their competitive advantage lies: in uncovering the products that will one day change how you work and play. Corporate spending on research and development rose 6.7 percent in 2014, ...

March 30, 2015 @ 7:01 AM

Gov. targeting Upward Mobility; Auditor: NIU employee improperly reimbursed ...

The program is subject to ongoing labor negotiations with the American Federation of State County and Municipal Employees, one of the state's largest unions. The Governor's administration says the state has spent over three-point-three-million dollars ...

March 30, 2015 @ 7:01 AM

NLRB to weigh in on high-stakes McDonald's labor dispute

A high-stakes legal dispute pitting McDonald's Corp. against labor unions is set to enter a crucial phase this week, when the National Labor Relations Board takes up consideration of a case with major implications for franchise businesses. An NLRB ...

March 30, 2015 @ 7:01 AM

The pluses, minuses of educators serving on school boards

Jim Tobin, president of Chicago-based Taxpayers United of America, said he believes college board members with education connections have a constructed-in bias and are less most likely to make choices with an complete neighborhood in thoughts. "As a ...

March 30, 2015 @ 7:01 AM

Small investors blame losses on brokers they once trusted

A lobby group for the securities industry, the Securities Industry and Financial Markets Association, or SIFMA, is trying to kill the rule, which was proposed by the Labor Department. It fears officials there lack expertise about the brokerage industry ...

March 30, 2015 @ 7:01 AM

World Week Ahead: US Economy Needs Winter to End

Last week, we heard diametrically opposed views on the timing of the first rate hike from the Chicago Fed President Charles Evans (who thinks “lift off” shouldn't begin until 2016) and St. Louis Fed President James Bullard (who thinks the deed should ...

March 30, 2015 @ 7:01 AM

Plenty of time for Aaron Schock to redeem himself

Rod Blagojevich and former Congressman Jesse Jackson, Jr., who both lived well beyond their means in order to somehow keep up with their rich buddies. Schock's first job was in the 5th grade, doing database management for a chain of book stores.

March 30, 2015 @ 7:01 AM

Speak Out

What about poor Rod Blagojevich? His antics also sent him to prison. I don't see any difference between what he did and the other two. Actually, his misconduct was less than what Ryan did. Rod was just a goof and got caught doing what a lot of ...

March 30, 2015 @ 7:01 AM

Ald. Bob Fioretti endorses Emanuel in mayoral race

On the floor of City Council, Fioretti has been Mayor Emanuel's top critic. The 2nd Ward Alderman was never shy about publicly blasting the mayor. On election night in February, the former mayoral candidate laughed at the thought of supporting Emanuel ...

March 30, 2015 @ 7:01 AM

Chicago Trib Gives Short Shrift to Emanuel's Ignorance on Origins of City ...

Emanuel was born in Chicago, grew up in and north of the Windy City, received a masters degree from Northwestern in Evanston, was a three-term congressman who represented Illinois' 5th district, and has been the city's mayor for almost four years.

March 30, 2015 @ 7:01 AM

Gov. Bruce Rauner says he has a plan to make Illinois more business-friendly

The General Assembly passed a fix on Thursday to remedy the $1.6 billion hole in this year's budget. It looted the road fund and instituted a 2.25 percent cut to most state funds. Merriman said this kind of uncertainty around the budget is what turns ...

March 30, 2015 @ 7:01 AM

“Going to hurt”: Municipalities in metro-east worry about proposed state cuts

Now that the General Assembly and Gov. Bruce Rauner have agreed on a fix to fill a $1.6 billion budget gap in the 2015 fiscal year, they are faced with closing a $6 billion budget gap for the 2016 fiscal year. In Rauner's budget address, he called for ...

March 30, 2015 @ 7:01 AM

Indiana Gov. Mike Pence Says Controversial 'Religious Freedom' Law Won't ...

Indiana's controversial Religious Freedom Restoration Act will not be changing despite critics saying it allows business owners to discriminate against members of the LGBT community, state Gov. Mike Pence said today during an exclusive interview on ABC ...

March 30, 2015 @ 7:01 AM

A public disapproval of privatization

William E. Brady, R-44, filed a bill to the Illinois General Assembly that would transition the University into a private institution by 2021, a process that would begin in July 2015. If the bill is passed, the University would officially be a private ...

March 30, 2015 @ 7:01 AM

Transcript: Chuy, Rahm flailing about haplessly on education funding.

Mr. Mayor…they face, the Chicago Public School system, a billion dollar or more shortfall going into the next school year next fall. The Chicago Teachers Union is already raising the specter of a possible strike. Should parents be lining up ...

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