Economy
In a video statement late Monday, UAW President Shawn Fain said workers at more factories will join those who are now in the fifth day of a strike at three plants.
The $500 million presidential center now under construction in Jackson Park has already made South Shore “ground zero” of Chicago’s housing crisis, with a high eviction rate and surging real estate prices, according to supporters of a City Council proposal.
In a set of conflicting data, the Labor Department said the consumer price index rose 3.7% in August from a year ago, up from a 3.2% annual pace in July. Yet excluding the volatile food and energy categories, so-called core prices rose 4.3%, a step back from 4.7% in July and the smallest increase in nearly two years.
Ald. Jessie Fuentes (26th Ward) is sponsoring a Chicago ordinance that would eliminate the subminimum wage for tipped workers. The proposal has the backing of Mayor Brandon Johnson.
Child poverty in the U.S. more than doubled and median household income declined last year when coronavirus pandemic-era benefits expired and inflation kept rising, according to figures released by the U.S. Census Bureau.
Gamblers Line Up Bright and Early for Bally’s Opening Day. Take a Look Inside Chicago’s First Casino
Chicagoans and tourists feeling lucky can play 800 slot games and 56 table games in the century-old Shriner’s temple at 600 N. Wabash Ave., with its distinctive domed ceilings and stained-glass windows.
The roughly $2 billion project is set to create 2,600 jobs and begin production in 2024. The plant will produce battery cells, battery packs like the kinds used in electric vehicles and large-scale energy storage systems.
Chicagoans and tourists feeling lucky can play 800 slot games and 56 table games in the century-old Shriner’s temple at 600 N. Wabash Ave., with its distinctive domed ceilings and stained-glass windows.
There are 145,000 UAW members at the three companies. The union said 97% of those participating in the strike authorization voted in favor.
The union’s contracts with General Motors, Ford and Stellantis expire in about a month, at 11:59 p.m. Sept. 14.
Cook County Treasurer Maria Pappas called the legislation “the most significant property tax reform legislation the General Assembly has approved in decades.”
The company currently lists nine Chicago location on its website, including a number in the West Loop and Near West Side, according to the WeWork website.
The bankruptcy filing comes more than a week after the trucking company halted operations, putting 30,000 people out of work. It warned in a lawsuit last month it was at risk of running out of the money it needed to continue to operate.
U.S. employers added 187,000 jobs last month, fewer than expected. But the unemployment rate dipped to 3.5% in a sign that the job market remains resilient.
City officials announced the lawsuit had been filed Thursday against Vision Property Management, LLC, its successor FTE Networks, Inc., and other affiliates in Cook County Circuit Court.
The decision illustrates one way that growing political polarization and repeated Washington standoffs over spending and taxes could end up costing U.S. taxpayers. A lower credit rating, over time, could raise borrowing costs for the U.S. government.