Category: Business
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Pete’s Fresh Market — Update 09/19
Reliable sources inform me that Pete’s and people from the city are sitting down and trying to work out a deal to restart construction. Reliable sources also have confirmed the facts of the original post. If any readers have stories of problems with any politicians please contact me privately with that information. We have been…
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Treasury Won’t Sell Take a Loss on GM Shares
General Motors Co. executives want the Treasury Department to sell its almost 27 percent stake in the company because, they say, the feds are hurting their image and government pay restrictions are chasing away top talent. … Government officials weren’t interested in the deal.“At GM’s Friday share price of $24.14, the U.S. would lose about…
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Moneyball in Law Firms
Moneyball is moving onto another major-league diamond: Big Law, where law firm chiefs—under pressure from clients to cut costs—are re-engineering law firm management, much as the Oakland Athletics’ Billy Beane did for baseball. Exploding salaries, frequent roster changes and emphasis on short-term performance in a tight economy are just some of the sports-world realities confronting…
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Biggest Celebrity Salary? Take a Wild Guess
You’ll never guess. Really. You won’t. Take a wild guess as to who it is. I’ll give you a hint… it’s a sign of our society going over the cliff. The answer is here: Biggest Celebrity TV Salaries – Business Insider.
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Why It’s Impossible to Run a Business Without Breaking the Law
Shakedown in Chicago is commonplace. It’s not just at Pete’s. [youtube http://www.youtube.com/watch?v=PMHxcfQfL_M]
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Shakedown on the West Side
PR — For Immediate Release SYNOPSIS: LOCAL THUGS AND A QUESTIONABLE ALDERMAN MAY STOP CONSTRUCTION OF GROCERY STORE IN A FOOD DESERT. One of Chicago’s food deserts may not be getting a grocery store after all. After years of wrangling, Pete’s Fresh Market broke ground on a site located at Western & Madison on Chicago’s…
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‘Patent Trolls’ Get Biggest Piece Of Patent Pie
So-called patent trolls – which don’t actually make anything – in recent years received significantly larger damages awards on average than those won by companies that make things, a new report found. Critics of “trolls,” or nonpracticing entities, claim they hold huge numbers of patents and make money by simply attacking others with litigation. During…
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Where I Agree With the Teachers
On the fourth day of the teachers’ strike, protesters targeted school board member Penny Pritzker, whose family owns the Hyatt hotel chain. At 3:30 p.m., thousands of demonstrators dressed in red gathered outside the Hyatt Regency Chicago, at 151 E. Wacker Dr., protesting the $5.2 million in TIF money the city provided for a new…
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Jobless Claims Jump
In a separate report, a sharp rise in gasoline costs drove up wholesale prices last month by the most in more than three years. But outside energy and food, price gains were mild. Initial claims for state unemployment benefits rose 15,000 to a seasonally adjusted 382,000, the highest in two months, the Labor Department said…
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More Americans Can’t Afford Banks
In the aftermath of one of the worst recessions in history, more Americans have limited or no interaction with banks, instead relying on check cashers and payday lenders to manage their finances, according to a new federal report. Not only are these Americans more vulnerable to high fees and interest rates, but they are also…