A lengthy beating to the Fed begins: On Friday, the Department of Labor reported that March non-farm payrolls increased by 120,000, falling well short of consensus expectations in excess of 200,000. ... On the payroll front, our present expectation is that April job...
Politics
Derrick Smith Using William Beaver’s Defense
Today's Story: Victor Henderson, the lawyer for accused Illinois State Representative Derrick Smith tells "The Don and Roma Show" on WLS, that the reason federal authorities charged Smith with bribery, was because they wanted him to give up information about possible...
Chicago Teachers Union Wants to Strike
The Chicago Teachers Union says internal polling shows there is support for a strike if contract talks with Chicago Public Schools break down. A new state law requires the union to get approval from 75 percent of its members before a strike, leading many to question...
Fioretti: Not So Fast Rahm
Mayor Rahm Emanuel’s plan to have five financing giants bankroll $1.7 billion in Chicago infrastructure projects ran into opposition Monday from aldermen concerned about “hidden fees” and long-term leasing of city assets. During closed-door briefings with aldermen,...