Proposed $107 billion bond isn’t the cure for Illinois’ public pension crisis
A big, bold plan to save the state’s debt-strapped public pension funds is being floated this week in Springfield. But don’t get your hopes up. It’s not the cure to...
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As United Airlines bulks up to chase more customers, does fare war loom?
United Airlines wants to grow its business at O’Hare International Airport while also beating back any ultralow-cost competitors that get in its way. This is a tricky plan, one passengers...
How Bank of America and Illinois are cashing in by squeezing the poor
If you’re poor and have to write or cash checks, life got tougher this week, thanks to Bank of America and the state of Illinois. The two entities are out...
What worries economists? ‘When people aren’t worried.’ Maybe it’s time to worry a little.
Most of us are focused on our own fortunes, not the state of the economy. Meanwhile, business leaders, along with policymakers, tend to let the good times roll until they...
Waging a necessary but tough battle to restore internet’s ‘net neutrality’ rule
The internet, as we’ve come to know it, is not going down without a fight. Hooray! A dogged and determined effort is shaping up in Congress and the courts to...
Of course Chicago made Amazon’s short list for HQ2. Now we’ll see if it’s a winner, or just a contender.
No one should be surprised Chicago is on Amazon’s list of 20 potential locations for HQ2, its coveted second headquarters. It would have been astounding — not to mention embarrassing...
Bonuses are great, but tax law windfall should include workers’ retirement perk
The new federal tax law is prompting some large corporations to dole out bonuses to employees — usually $1,000 each. But CEOs should consider awarding another perk: A boost in...
How long can Chicago’s last Sears store beat the odds?
It’s the last Sears store operating in Chicago. But considering the woeful financial health of its owner, you have to wonder: How long can it stick around? It’s a question...
McDonald’s to drop foam packaging by year’s end
McDonald’s will stop using plastic foam cups, which keep drinks icy cold but make environmentalists red hot, by the end of this year. The world’s largest restaurant operator quietly disclosed...
Airlines teaching staff to de-escalate passenger conflicts, but it’s really customer service
Passenger meltdowns are nothing new to the airlines. But the sometimes ugly situations between ticket-holders and airline workers — incidents that frequently go viral — are prompting air carriers to...