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Chicago City Wire

Thursday, January 23, 2025

Business News

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‘Pakistan is a resilient nation actively working to overcome’ security threats, economic instability, senior military advisor writes in Chicago Tribune

A former senior U.S. military advisor said that, despite misperceptions and news reports, Pakistan is actively working to overcome security threats and bring economic stability to the country.

By Chicago City Wire News Service | Dec 19, 2024

Business

Ryan Petersen: 'Dozens of motor carriers in the Chicagoland area have been holding loads of cargo hostage'

Ryan Petersen, founder of Flexport, commented on a cargo issue in the Chicagoland area, saying it's "insane that this is happening in 2024, or maybe organized crime brazenly operating is just part of life nowadays." He made the statement in a July 12 post on X.

By Chicago City Wire | Jul 17, 2024

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How many bank failures happened in Cook County since 2012?

By Chicago City Wire | Jun 14, 2024

Out of the 12 bank failures across Cook County since 2012, four of them happened in 2012.

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Top Civilian Chicago Police Investigator received $21K PPP loan for alleged babysitting business

By Chicago City Wire | Apr 15, 2024

A top administrator and investigator at Chicago's Civilian Office of Police Accountability (COPA) received a federal "PPP" loan of $21,106 for an alleged babysitting business while she was a full-time employee of the agency.

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Dexter Reed, felon killed after he shot at police, received $20,832 PPP loan for his ‘transportation’ business

By Chicago City Wire | Apr 11, 2024

Dexter Reed, the felon who shot at Chicago police and was killed by return fire, received a $20,832 federal "Paycheck Protection Program" loan in Feb. 2021, according to U.S. Small Business Administration data.

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Miller after Illinois rate caps introduction: ‘Fewer loans and fewer dollars lent to borrowers with credit scores below 600’

By Chicago City Wire reports | Mar 13, 2024

Following the implementation of a 35% all-in rate cap in Illinois, a study co-authored by Mississippi State University Professor of Finance Tom Miller Jr. sheds light on the adverse effects experienced by subprime borrowers.

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Rate cap analyst Sheffield: ‘We have no idea what type of exploitative practices have expanded in the wake of this poorly-designed rate cap bill’

By Chicago City Wire reports | Feb 16, 2024

The debate over the efficacy of rate cap laws in the lending industry has intensified, with conflicting perspectives emerging on their impact on unbanked individuals.

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Dan Proft on Chicago businessman connection to Harvard president's resignation: 'They have no willingness to stand for things that are right'

By Chloe Vander Laan | Jan 3, 2024

Chicago's Morning Answer host, Dan Proft, spoke about the recent news of Claudine Gay resigning from her role as President of Harvard because of numerous plagiarism violations. Proft made a connection between Gay and local businessman Paul Finnegan from Chicago.

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After workers unionize, four decade-old gay nightclub Berlin closes

By Chicago City Wire reports | Nov 24, 2023

Berlin, an iconic nightclub that has been at the heart of Chicago's LGBT nightlife for nearly four decades, has shuttered its doors.

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New report exposes out-of-state predatory law firms exploiting BIPA loophole in Illinois

By Press Release | Nov 16, 2023

Illinois Citizens Against Lawsuit Abuse (CALA-IL) has unveiled the "Illinois Predatory Lawsuit Report -BIPA" highlighting a troubling trend of predatory law firms exploiting a loophole in the state’s Biometric Information Privacy Act (BIPA). This report shines a spotlight on how a few law firms, some from out of state, are taking advantage of BIPA to the detriment of local businesses and the state's economy.

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Chicago's controversial “time off” ordinance sparks discussions

By Chicago City Wire reports | Nov 7, 2023

The recent passing of a controversial "time off" ordinance by the Chicago City Council has ignited discussions and concerns, with opinions on its potential impact varying widely.

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Cortes: ‘Lights out for the iconic' Signature Room

By Chicago City Wire Report | Sep 28, 2023

Political commentator Steve Cortes said the sudden closure of the “iconic” Signature Room in the John Hancock Building was a sign of the deterioration of America’s cities, including Chicago.

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Chicago police supt. takes responsibility for allowing game to continue after shooting incident at White Sox game

By Chicago City Wire Report | Sep 25, 2023

Interim Chicago Police Supt. Fred Waller this week publicly took the blame for not stopping an Aug. 25 White Sox game after two women in the stands were shot and wounded, according to published reports.

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The New Marketplace for Clean Energy Credits

By Chicago City Wire | Aug 7, 2023

President Chris Amundson of Accounting Solutions Ltd. recently discussed the implications of the Inflation Reduction Act and the saleable Clean Energy Credits. "Let me leave you with this: When the Inflation Reduction Act was passed and I read about the credits being saleable, bells and whistles went off in my head. My Brothers and Sisters, I’m telling you now that there’s going to be an enormous amount of fraud connected to this phenomenon," Amundson said.

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Op-ed: Tech meets government, the legal tug-of-war in staffing apps

By Michael Vallente | Aug 3, 2023

In the fast-paced realm of technology and invention, a relentless push and pull exist between the tech industry and government.

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Chicago Public Media sees steep decline in revenue after Sun-Times acquisition

By Chicago City Wire Report | Jun 27, 2023

The parent company of WBEZ and the Sun-Times is living up to its nonprofit status, according to IRS filings.

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Chicago-based UScellular earned ‘Corporate Equality Index’ score of 100

By Chicago City Wire | Jun 14, 2023

UScellular-based UScellular was awarded a score of 100 by the Human Rights Campaign Foundation based on a review of the company’s policies barring discrimination against LGBTQ individuals.

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Chicago-based United Airlines Holdings, Inc. earned ‘Corporate Equality Index’ score of 100

By Chicago City Wire | Jun 14, 2023

United Airlines Holdings, Inc., which is based in Chicago, earned a score of 100 in a ranking that evaluates the corporate non-discrimination policies based on “sexual orientation” and “gender identity.”

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2022 ‘Corporate Equality Index’ shows Chicago-based TransUnion earned score of 100

By Chicago City Wire | Jun 13, 2023

TransUnion-based TransUnion was awarded a score of 100 by the Human Rights Campaign Foundation based on a review of the company’s policies barring discrimination against LGBTQ individuals.

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2022 ‘Corporate Equality Index’ shows Chicago-based S&C Electric Company earned score of 80

By Chicago City Wire | Jun 13, 2023

S&C Electric Company, which is based in Chicago, earned a score of 80 in a ranking that evaluates the corporate non-discrimination policies based on “sexual orientation” and “gender identity.”