The United States on Wednesday opened its banking market to ICBC, China's biggest bank, for the first time clearing a takeover of a US bank by a Chinese state-controlled company. Just days after high-level US-China economic talks in Beijing, the Federal Reserve...
Business
Labor Force Participation Rate Messes with Unemployment Rate
Exactly a month ago I wrote about the bogus employment numbers claimed for the Chicago area. I claimed that there were no actual jobs "created" and that the only reason the employment rate went down was because people simply left the job market. Didn't have this at...
IL, 3rd Worst for Business …again
Let's first get some background on the winners: In Chief Executive’s eighth annual survey of CEO opinion of Best and Worst States in which to do business, Texas easily clinched the No. 1 rank, the eighth successive time it has done so. California earns the dubious...
Another Foreclosure Wave Arrives
Half a decade into the deepest U.S. housing crisis since the 1930s, many Americans are hoping the crisis is finally nearing its end. House sales are picking up across most of the country, the plunge in prices is slowing and attempts by lenders to claim back properties...