Posts in category "Business journalism"

What would you do for $25 million?

What would you do for $25 million?
That is how much the city is expected to earn from corporate advertising revenue, like the banners posted near the Chicago River.  The Tribune reports, Bank of America signed a 30-day ad lease on the Wabash Avenue bridge houses for an undisclosed amount. Fox News Chicago interviewed city dwellers who were less than happy about... Read more »

The Rise of the Chicago Entrepreneur

The Rise of the Chicago Entrepreneur
The fate of the newspaper industry is still uncertain; our local newspapers are fighting for survival.The  Chicago Sun-Times, reportedly saw an average weekday circulation loss of more than 30,000 to 389,353, a 7.2 percent decline. Average Sunday circulation also dropped nearly 21,000 to 400,506, a 5 percent decline. The Chicago Tribune reports declines in daily circulation... Read more »

More Taxes on Taxis

More Taxes on Taxis
Did you know I used to drive a cab? I spent 6 months driving tourists to and from their downtown hotels. It may sound easy, but driving strangers around is a hard job, and with gas prices the way they are it doesn’t pay as well as it used to… Did you know that the... Read more »
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McDonald's Television?

McDonald's Television?
Yes, you read correctly, Crain’s Chicago reports McDonald’s will be launching a new TV Channel for broadcast in its restaurants. In other McDonald’s related news, there is an initiative to makeover stores to look and feel more like coffee shops. The idea that we can enjoy our Mickey D’s meal in a cozy arm chair... Read more »

No More Taxes!

No More Taxes!
People keep asking me if I think Rahm is a good mayor. My answer to them, “only time will tell.” The mayor is receiving some praise for his first budget. “You might call it the Day of Reckoning — both for Chicago’s new mayor, facing his stiffest test yet, and for the city itself after... Read more »

Tax Schemes, Minority Business, and iPhone 5

Tax Schemes, Minority Business, and iPhone 5
Did you know that if your business moves from Chicago to Kankakee or Channahon,  not only will you pay less sales tax, the local government will pay you a portion of the taxes they collect? Well Cook County isn’t happy about this. “Cook County on Monday became the third governmental entity, after the Regional Transportation Authority... Read more »
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Sex Sells: No home for Playboy?

Sex Sells: No home for Playboy?
A few weeks ago we covered the return of Playboy to Chicago. Now it seems that the return has hit a snag… Crain’s Chicago reports that local businesses in the area of the proposed new mansion were not happy about neighboring with Playboy. “We had a lease that was done earlier this month, and I... Read more »

Is Chicago the new Las Vegas?

Is Chicago the new Las Vegas?
The idea to put a casino in Chicago isn’t new. The idea to put a casino in the Thompson Center is new, and some are outraged. I can’t help but giggle and think what’s next? Chicago has covered this topic extensively over the past few days. Here’s what was said: NBC CHICAGO: The Thompson Center... Read more »

Bankrupt Hipster: When dreams fall short and debt piles high....

Bankrupt Hipster: When dreams fall short and debt piles high....
The “lost generation” and “great recession” are two terms floating around that make me very uneasy. Yet these terms are undeniable. According to the Chicago Tribune, “bankruptcy has struck more educated Americans during the past five years, as financial distress spreads to more of the population with college degrees.” The Tribune also reports, that “the... Read more »
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Back to School and The New Economy

Back to School and The New Economy
Today is the first day of school for the majority of Chicago Public School children. With the new school year, new mayor, and new CPS leadership, there is no shortage of change in the air. Expected school reforms include boosting student performance and graduation rates, closing the gap between white and minority students and cutting... Read more »
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