United Airlines is partnering with Archer Aviation to offer flyers an air taxi service from Vertiport Chicago on the Near West Side to Chicago O’Hare International Airport.
Business
The Federal Reserve extended its year-long fight against high inflation Wednesday by raising its key interest rate by a quarter-point despite concerns that higher borrowing rates could worsen the turmoil that has gripped the banking system.
The law would protect employees from immigration-related threats when reporting labor violations like wage theft, discrimination and unsafe working conditions. It would also give the attorney general the power to investigate and fine employers who make immigration-status threats against workers.
Local officials in the south suburbs are renewing efforts to get a regional airport to take flight. The idea for a third Chicago area airport has been floated for decades, and not lightly — Illinois has spent close to $100 million to buy land
If the ComEd deal faced an uphill climb before Mayor Lori Lightfoot’s defeat, its prospects declined precipitously afterward, handing her what is likely to be one last defeat and all but ensuring that it will be up to Chicago’s next mayor to negotiate a new deal with ComEd.
Gov. J.B. Pritzker signed a bill requiring employers to offer workers a minimum of five days of paid time off. One hour of paid leave is earned for every 40 hours worked.
Talks of a four-day workweek are heating up nationwide. A lawmaker in California has reintroduced a U.S. House bill that would make a 32-hour workweek the national standard. A bill in Maryland proposes tax incentives for companies that try out a four-day workweek.
The New 400 Theaters in Rogers Park has survived two world wars, two pandemics and an ever-changing movie industry. The current owner is looking to sell the space, making the theater’s future unclear.
Applications for unemployment benefits are seen as a barometer for layoffs in the U.S.
The Seng is a 34-unit condo building that aims to attract middle-income families previously priced out of the area. A three-bedroom unit might go for $333,000, the developer said, compared to the market average of $700,000 in the neighborhood.
Come next year, a new law will mandate nearly all Illinois employers give their workers a minimum of five paid days off, for any reason.
Over the last three days, the U.S. seized the two financial institutions after a bank run on Silicon Valley Bank, based in Santa Clara, California. It was the largest bank failure since Washington Mutual went under in 2008. How did we get here? And will the steps the government unveiled over the weekend be enough?
America’s employers added a substantial 311,000 jobs in February, fewer than January’s huge gain but enough to keep pressure on the Federal Reserve to raise interest rates aggressively to fight inflation.
Many community leaders and residents who spoke out at public meetings didn’t want to see discount grocer Save A Lot move in, citing its limited options and poor reputation among many Chicagoans. Despite that outcry, Save A Lot operator Yellow Banana has been announced as the new tenant in the grocery store space.
Even if the federal grant is approved by Congress, Chicago would need an additional $2.4 billion to cover the total cost of the project, much of which is city officials hope will come from the federal government in future years.
Federal data show 272 hazardous materials releases involving trains in Illinois in the last decade. Predicting when and where environmental problems will manifest is difficult, but the risk is real.
