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Crain's Daily Gist
39 minutes | 4 days ago
11/19/20: Will Illinois benefit from national rise in home sales?
U.S. home sales skyrocketed in October, but data on Illinois has yet to be released. Crain’s residential real estate reporter Dennis Rodkin shares this week’s top news in the local housing market. Plus: Ex-ComEd CEO and Madigan associates indicted, Morton’s closes original location on State Street, struggling retailers rack up $52 billion in missed rent and UBS Wealth picks former Bear Adewale Ogunleye to lead its new athlete segment.
22 minutes | 5 days ago
11/18/20: Why tax assessment cuts may not translate to relief
Homeowners across Cook County have been receiving letters from Assessor Fritz Kaegi that his office has cut their assessments due to the COVID-19 crisis. Senior reporter Alby Gallun joins the podcast to explain why you shouldn’t necessarily expect a property tax cut. Plus: Illinois hit with more restrictions in response to virus surge, FAA clears 737 Max to resume flights, M&M maker Mars agrees to deal with Kind snack bars and a new lobbying group is pushing for 100 percent electric vehicle sales by 2030.
26 minutes | 6 days ago
11/17/20: Coronavirus puts ethical leadership to the test
In the midst of the pandemic, leaders may tempted to cut corners and abandon ethics. Chicago Comes Back columnists Emily Drake and Todd Connor join the podcast to make the business case for putting people above profit. Plus: Amazon launches digital pharmacy, Theo Epstein resigns as Cubs president, new city initiative wants to boost holiday shopping at Black businesses and survey reveals workers want to keep working at home— just not every day.
20 minutes | 7 days ago
11/16/20: Illinois could still see tax hike despite ‘fair tax’ defeat
Gov. J.B. Pritzker must now find another way to close an estimated $4 billion budget gap after voters rejected his proposed graduated income tax. Crain’s government reporter A.D. Quig joins the podcast to discuss why tax hikes and major service cuts are on the table. Plus: City to avoid layoffs using cannabis revenue, United Airlines testing trial stokes London-New York travel hope, DoorDash gets a big lift from the pandemic, and why Lyft is spending money on Illinois politicians.
42 minutes | 11 days ago
11/12/20: Homes get COVID-era rehabs to attract buyers
Sellers are trying to lure in buyers by making their homes more quarantine-friendly. Reporter Dennis Rodkin has more in a recap of this week’s top news in residential real estate. Plus: Chicago workers are among the most reluctant in the U.S. to return to the office, Illinois is getting the biggest initial shipment of a new COVID drug, passenger jets could play a key role in airlifting vaccines and restaurant group launches social media campaign taking aim at the governor's dining restrictions.
24 minutes | 12 days ago
11/11/20: Why O’Hare’s massive debt complicates expansion project
Moody's Investors Service warns that pushing ahead with a planned terminal revamp at O'Hare would send airport landing fees soaring. Crain’s reporter John Pletz joins the podcast to talk about what that means for the future of the $8.5 billion project. Plus: Northwestern study locates places most at risk of COVID superspreaders, CSO reports $4.4 million operating deficit, unions release counterproposal to avoid city layoffs and Chicago set to launch a new COVID travel advisory system.
21 minutes | 13 days ago
11/10/20: Is a second shutdown coming?
Gov. J.B. Pritzker imposed new coronavirus restrictions in the suburbs as hospitalizations and case numbers skyrocket across Illinois. Crain’s government reporter A.D. Quig joins the podcast to discuss whether a bigger clampdown is on the way. Plus: Grounding of Boeing Max could end as soon as Nov. 18, Ulta to open locations in Target stores, Beyond Meat plunges as consumers stop stockpiling groceries and United boosts flights for Thanksgiving holiday.
19 minutes | 14 days ago
11/09/20: Why Joe Mansueto is betting on Chicago’s hotel market
Morningstar founder Joe Mansueto is buying the Waldorf Astoria Chicago in one of the city’s first hotel sales since the pandemic began. Crain’s commercial real estate reporter Danny Ecker joins the podcast to talk about why the billionaire is taking a gamble on a hospitality sector that’s been devastated by the coronavirus. Plus: Chicago's former health chief joins Biden's COVID task force, heating bills set to rise next year in northern suburbs, restaurant delivery fees to be cut in half under new proposal, and McDonald's to introduce plant-based options in addition to a new chicken sandwich.
27 minutes | 18 days ago
11/05/20: Homebuyers continue to head for the suburbs
A new report finds that sales of newly-constructed homes in the Chicago area have been stronger this year than any time since 2008. Reporter Dennis Rodkin joins the podcast to discuss how the suburbs are fueling that growth and to recap this week’s real estate news. Plus: Wall Street (and everyone else) awaits presidential election results, Gov. J.B. Pritzker and local governments scramble to fill budget holes after the defeat of proposed tax amendment, Citadel and Citadel Securities opening a Paris office and Mayor Lori Lightfoot offers some COVID relief to restaurants and bars.
36 minutes | 20 days ago
11/03/20: What's next for political parties
Ben Epstein, a DePaul political science professor and author of "The Only Constant is Change: Technology, Political Communication and Innovation Over Time," joins the podcast to talk about the experience of this year's election, how the economic impact of the pandemic could be reflected in voter behavior and how the parties will need to confront divisive forces from within. Plus: Election Day is over for many Illinois voters due to early voting; the parent of RCN is being sold for $8.1 billion; pilot unions and the families of crash victims seek changes to 737 Max training; and Illinois weed sales top the half-billion-dollar mark. Find #CrainsDailyGist on Twitter and let's continue the conversation.
43 minutes | 25 days ago
10/29/20: Are Chicago home values about to rise?
A noted index has released yet another gloomy report on Chicago home values. Crain’s reporter Dennis Rodkin joins the podcast to explain why the area could soon see a turnaround in a recap of this week's news in real estate. Plus: McCormick Place loses trade show to Indianapolis, book publisher MCGraw Hill wants to cut downtown footprint, Fitch shifts city's debt outlook to notch above junk, and United to pilot COVID testing as tool to spur travel.
14 minutes | a month ago
10/28/20: Why restaurants are ready to sue over new COVID restrictions
As winter approaches, new COVID-19 restrictions limiting indoor dining have some Chicago restaurants ready to sue. Crains’ reporter Ally Marotti joins the podcast to discuss the brewing legal battle. Plus: Boeing will cut 7,000 more jobs, Southwest names the cities it will serve from O'Hare, Caterpillar offers little insight into global recovery, Blue Cross of Illinois putting $100 million behind a new health equity effort, and Grubhub has been sued for adding 150,000 restaurants to its platform without permission.
19 minutes | a month ago
10/27/20: Chicago still has a lot to contribute
Urban, dense living has its positive sides, even considering the pandemic, Crain's Forum editor Cassandra West says. She joins the podcast to discuss regional planning, the latest subject of our deep dive into public policy issues that matter to Chicago business. Plus: Nearly 2,700 homes are planned for a Near North Side site; business travel may never fully recover from COVID, a U of C report finds; a second food-stockpiling wave arrives; and if you want to move to Michigan and work remotely, an economic development group might give you $15,000. Find #CrainsDailyGist on Twitter and let's continue the conversation.
16 minutes | a month ago
10/26/20: Why McDonald’s still hasn’t embraced meatless meat
Even as plant-based meat alternatives grow in popularity, McDonald’s hasn’t committed to rolling out a meatless patty in the U.S. Crain’s reporter Ally Marotti joins the podcast to discuss why the Chicago-based fast food giant is still hesitating. Plus: Tightened COVID restrictions coming to suburban Cook County this week, how cannabis is easing city and county budget pain, Blue Cross of Illinois launches a patient data sharing platform and UIC is set to build a $115 million computer science center.
29 minutes | a month ago
10/22/20: What's fueling a home market boom
Last month, Chicago-area home sales jumped the most in almost eight years. Crain’s residential real estate reporter Dennis Rodkin joins the podcast for a look at the data and at other top stories in the local housing market. Plus: Gov. Pritzker vows to verify vaccine safety, suburban office vacancy hits a 10-year high, Sam Zell warns of "disastrous" rising U.S. debt and United Airlines tries out a new virus-test app. Find #CrainsDailyGist on Twitter and let's continue the conversation.
30 minutes | a month ago
10/21/20: Disruption can also mean opportunity
The commotion caused by COVID can give leaders the space to consider making changes—like addressing gender equity, equal pay and equal opportunity. Chicago Comes Back columnists Emily Drake and Todd Connor join the podcast for a livestreamed conversation to discuss what that opportunity can look like. Plus: Mayor Lightfoot lays out her 2021 budget, Gov. Pritzker imposes indoor dining and drinking restrictions, a Lincoln Yards office building sells for $111 million and a record drop in airfare prices shows how far airlines have to climb. Find #CrainsDailyGist on Twitter and let's continue the conversation.
16 minutes | a month ago
10/20/20: Why I'll vote yes on 'fair tax'
Crain's political columnist Greg Hinz explains why Gov. Pritzker isn't making it easy for him to support the graduated income tax amendment. Plus: Chicago ranks 44th on a nationwide real estate report, American plans to reintroduce the grounded 737 Max on its Miami-New York route in December, air travel tops 1 million passengers for first time since March and pandemic shopping trends lift Jewel-Osco parent Albertsons. Find #CrainsDailyGist on Twitter and let's continue the conversation.
23 minutes | a month ago
10/19/20: You'll be hearing more about this risky financing tactic
Proponents of pension obligation bonds say the time is right to consider them, as the pandemic exacerbates Chicago's pre-existing financial crisis. And city officials today say COVID shows no sign of abating here. Crain’s government reporter A.D. Quig joins the podcast with more. Plus: CVS is adding hundreds of workers in the area, part of 15,000 hired to cover the coronavirus and flu season; Citadel Securities sues SEC; John Marshall Law School weighs renaming the century-old institution; and Boeing explores selling Seattle-area jetliner headquarters. Find #CrainsDailyGist on Twitter and let's continue the conversation.
33 minutes | a month ago
10/15/20: Behind the Chicago-area’s abrupt spike in home prices
After years of home prices barely budging, the Chicago-area housing market is suddenly seeing double-digit growth. Reporter Dennis Rodkin explains why and shares other top real estate news of the week. Plus: Toni Preckwinkle's proposed Cook County budget has no tax hikes and minimal layoffs, Walgreens posts strong results as drugstore chain rides out pandemic, Chicago Booth goes online after COVID-19 outbreak and United CEO says business travel demand won't return to normal until late 2024.
21 minutes | a month ago
10/14/20: Depressing apartment market hasn’t stopped development
A developer has chopped more than 100 feet off a planned Gold Coast apartment tower after the initial proposal was rejected by the local alderman. Commercial real estate reporter Alby Gallun joins the podcast to discuss how the project is moving forward despite a weak rental market downtown Plus: Record number of corporate giants lost money in the pandemic, nearly 1,000 Boeing plane orders are lost or in doubt, Macy’s to add more Black-owned brands to its shelves and digital coursework startup RedShelf lands a $10 million Pritzker investment.
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