November 17, 2008

News

By: Steven R. Strahler

Chicago School loses its place

The department of economics at the University of Chicago took on rock-star status in the 1980s, when Ronald Reagan and Margaret Thatcher channeled its free-market philosophy and Chile's authoritarian…

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in other news

Markets ice hospital plans

The financial crisis is forcing many Chicago-area hospitals to delay expansions or pay more for them, putting the brakes on a decade-long building…
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Inland snaps up rival REITs

With $7 million pouring into its coffers every day, Oak Brook-based Inland American Real Estate Trust Inc. is trying to capitalize on its competitors…
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FBOP wants bailout

After an investment loss of nearly $1 billion, Oak Park-based bank holding company FBOP Corp. is reaching for help from the federal government. The…
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Focus

By: H. Lee Murphy

When life hands you lemons . . .

When Miguel Franchini, manager of Joliet Furniture Mart, struck a deal to buy the business from its elderly owner for $1.2 million, he shopped among local Will County banks for a loan. For two years…
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By: Daniel Rome Levine

Show them the money

Sheila O'Leary first noticed business picking up earlier this year, around the time gas prices rose to more than $4 a gallon. Ms. O'Leary, head of collections at Creditors Resource Service, a…
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Business of Life

By: Shia Kapos

Trimming costs, but not looking it

A day after Wall Street took its biggest freefall in more than 20 years, Barneys New York at Oak and Rush streets was buzzing, seemingly unaffected by the economy's plunge. Conversations filled the…
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By: Alison Neumer Lara

The word on L2O: It's exceptional

L2O, owned jointly by chef Laurent Gras and Lettuce Entertain You Enterprises Inc., opened last May in the space that once housed another of Chicago's temples of fine dining, Ambria. Six months and…
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Crain's Lists

This Week's List: Chicago's largest accounting firms

A list of the largest 25 accounting firms, ranked by number of local professional staff. Published Nov. 17, 2008.

RankFirmProfessional staff in the six-county Chicago area as of 9/30/2008
1Deloitte LLP 13,658
2Ernst & Young LLP1,777
3PricewaterhouseCoopers LLP1,765
4KPMG LLP1,701
5RSM McGladrey Inc./McGladrey & Pullen LLP 21,342
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People

New president charts a course for Starcom

SPOTLIGHT: ANDREW SWINAND Job: President, global operations, Starcom MediaVest Group, media-buying and planning arm of Paris-based Publicis Groupe, since August. Vitals: 40 years old; bachelor's degree in economics/marketing, Wharton School of…

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Greg Hinz

Get up, GOP

On "Jay Leno" last week, a smiling but serious John McCain said that the Republican Party — "just back from the woodshed" — has "a lot of work to do." The same could be said about its Illinois affiliate. Under the leadership of Chairman…

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Markets

Zebra's changing stripes

After being trampled by the retail slowdown, Zebra Technologies Corp.'s stock is cheaper than ever. Shares have plunged 40% in the past three months as the Vernon Hills-based company's growth grinds to a halt in the face of a recession. At $19.13…

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How Obama can bolster the markets

CRAIN'S: What's the first thing President-elect Obama should do to help the financial markets?MR. VELLON: Rather than raise the capital-gains tax, I think he should look at keeping it the same or, if possible, lowering it. It's hard enough to make…

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Opinion

Business cycle's demise greatly exaggerated

Of all the lessons to be learned from the current economic collapse, the most essential is this: The business cycle lives. Economies alternate between periods of expansion and contraction. No amount of credit risk-spreading, monetary fine-tuning or…

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Let's get Midwest high-speed rail development rolling

Our country has a new president, a new Congress, an economy in turmoil and a failing transportation network. Airlines are reducing capacity and raising fares. Business travelers are fed up with delays and poor service. Highway congestion causes…

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Editorial cartoon

This week's editorial cartoon by Roger…

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Letters to the editor

Call trash franchise fee what it truly is: a new tax The city of Chicago is back at it again with a new tax. OK, it's not technically a tax, but it might as well be. The city seeks to limit competition among trash-haulers in Chicago by dividing the…

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