Crain's Daily News Alert prepared for Top Executives

Viewing on a PDA? Click here.   To view this email in a web browser click here. CHICAGOBUSINESS — POWERED BY CRAIN'S — Daily Business Briefing CRAIN'S LISTS SEND LETTERS TO THE EDITOR MULTIMEDIA COMMERCIAL PROPERTY SEARCH TOP HEADLINES Wednesday, October 21, 2009 · Video: Distressed real estate jumps · Old Main Post Office sold to original winner · Fashion Focus' unwanted baggage: the recession · Barbara's Bookstore in rent drama with Oak Park landlord · FBOP chief Kelly running out of time · Midwest jobless rate down but no thanks to IL · Northern Trust swings to profit but misses estimates · Boeing loses $1.6 billion, slashes 2009 profit estimate · CME sees launch of CDS clearing in December · Kraft unlikely to raise bid after Cadbury's 3Q · Up to 3,000 homes proposed for ex-Ryerson site · Lender gains stake in suburban retail center   CRAIN'S BLOGS · Daley raids savings to balance 2010 budget: Greg Hinz · Obama to refocus bailout on small biz; young entrepreneur visits White House; there's an app for making apps, and more: Enterprise City · Cutler deal win-win; BMW Championship might take another Chicago hiatus: Biz of Sports · Feder returns to the media beat; work begins on Hellenic Museum: Taking Names blog  Final Markets Dow Jones 9,949.36 -92.12 -0.92% NASDAQ 2,150.73 -12.74 -0.59% Crain's Index 83.96 -0.850 -1.002% » View Other Top Headlines ADVERTISEMENT Give the gift of Zagat! Put your company's name and logo on one of our Deluxe Edition guides to create a powerful marketing tool customers will reference all year long. Receive FREE imprinting with code CCH-09. Order online or call 1-800-540-9609. Click Here! OTHER HEADLINES · Boeing close to choosing 2nd Dreamliner site Daily Herald · American Airlines parent lost money in 3Q MarketWatch · US to order pay cuts at firms that got most aid New York Times Crain's Chicago Business | 360 N. Michigan Ave. | Chicago, IL 60601 ADVERTISEMENT TODAY'S FEATURES Chicago Business Today — Oct. 21 The Chicago area has more than $4 billion worth of distressed properties. Learn what type of real estate is faring the worst and why many haven't been scooped up by bargain-hunters. Read More · Accounting's day of reckoning · Enterprise City — a small-business blog · Check, Please! visits La Scarola · Society: Chicago Public Library Foundation SIGN UP FOR CUSTOM ALERTS Industries Companies » Account Settings LISTEN LIVE: Traffic, weather and news from our news partner WBBM-AM.

Media Matters Daily Summary

Here are today's news items from Media Matters for America, click on the title or 'read more' to read the entirety of each story. Fox News suspicious of Chamber defections, but network cheered AARP membership losses Following reports that the White House has sidestepped the U.S. Chamber of Commerce to meet directly with CEOs about health care reform and that the Chamber believes the White House has encouraged defections of its members because of its positions on health care reform and other issues, Fox News figures and guests have asserted as fact that the Obama administration has urged these defections and have denounced the alleged White House strategy as, in the words of Charles Krauthammer, "Chicago-level politics." However, when reporting in August that 60,000 members had left AARP since July 1 because of AARP's support for health care reform, Fox News cheered the defections as being the result of, in Sean Hannity's words, AARP's "love affair" with President Obama and repeatedly hosted AARP defectors, who often fearmongered about the effects of health care reform on seniors. Read More Fox & Friends cites year-old poll to claim its audience is "more balanced," but more recent poll shows the opposite Fox & Friends hosts Steve Doocy, Gretchen Carlson, and Brian Kilmeade cited a year-old Pew Research Center survey to misleadingly suggest that Fox News' audience is "more balanced" between Republicans and Democrats than CNN and MSNBC, and an on-screen graphic falsely claimed that the report found that Fox News "has most unbiased coverage." In fact, similar to numerous other surveys that show that Fox's viewership skews to the right, a Pew Research Center survey from September shows that more than three times as many Republicans as Democrats consider Fox News to be their main source of news; additionally, the Pew survey Fox & Friends cited made no assessment of the slant of Fox's coverage. Read More Scarborough overstates cost of doctor pay fix by a factor of three MSNBC host Joe Scarborough falsely asserted that "the White House did something very quietly yesterday that The Wall Street Journal and others are talking about this morning. ... [T]hey bought off the doctors' lobby by hiding about a $750 billion payoff to the doctors' lobby interests." However, the Journal reported on October 21 that Senate Democrats' plan to prevent scheduled cuts to Medicare physician payments costs about $250 billion over 10 years -- one-third of what Scarborough claimed. Read More In "heavily edited" video rebuttal, O'Keefe does not dispute Philly police report filed after his visit to ACORN office In a heavily edited video released on October 21, conservative filmmaker James O'Keefe purported to rebut statements made by Philadelphia ACORN worker Katherine Conway Russell about O'Keefe's and Hannah Giles' visit to the Philadelphia ACORN office, but O'Keefe did not dispute the authenticity of the police report ACORN filed with Philadelphia police following their visit. The filing of the police report by ACORN -- Russell can be seen holding a copy of it in O'Keefe's video -- indicates the Philadelphia ACORN office had no intention of helping O'Keefe and Giles conduct any illegal activities, and ACORN said the police report "proves our clear understanding of this scam that was being portrayed." Read More Beck through the looking glass: smears net neutrality as a Marxist plot to take over the Internet Glenn Beck argued that the Obama administration's support for net neutrality amounted to a Marxist takeover of the Internet that would stifle innovation, when in fact net neutrality -- which was the law of the land from the creation of the Internet until 2005, and which ensured that Internet Service Providers were not able to control content -- has been cited by numerous Internet pioneers as the guiding principle in Internet development and innovation. Moreover, in smearing supporters of net neutrality, Beck esentially included groups such as the Gun Owners of America, the Christian Coalition, and Media Research Center founder Brent Bozell's Parents Television Council in what he described as a plot "design[ed]" by "Marxists." Read More Attack on White House criticism of Fox follows years of GOP assaults on media Following White House communications director Anita Dunn's entirely justified criticisms of Fox News as an "arm" of the Republican Party, conservative media figures have attacked both Dunn and the Obama administration. But Media Matters for America has compiled a list of organized attacks that GOP leaders -- often aided by Fox News -- have conducted against media outlets based on groundless complaints of bias; those attacks have included boycotts or threatened boycotts of media outlets, efforts to revoke journalists' credentials or ban them from press planes, and even calls to have journalists prosecuted. Read More Beck, conservative media use violent rhetoric suggesting White House will retaliate against Fox News and opponents Following the White House's recent criticism of Fox News for its conservative slant, Glenn Beck and other conservative media have fearmongered that the Obama administration will harm Fox News and its supporters -- physically or otherwise -- because of their opposition to its policies. Since September alone, Beck has asked listeners to "pray for protection," compared Fox News to Jews during the Holocaust, and suggested the White House was pointing missiles at Fox News, and Newt Gingrich asked on Hannity if the administration would subject Fox News commentators to the Chinese "Cultural Revolution" because of their objections. Read More Media conservatives baselessly declare poll finding majority support for public option "fraudulent," "rigged" Numerous conservative media figures have attacked a recently released ABC News/Washington Post poll that found that 57 percent of respondents supported "having the government create a new health insurance plan to compete with private health insurance plans," with Fox News contributor Newt Gingrich reportedly claiming that "this poll was deliberately rigged and produced a result that's fundamentally false" and that "It's a typical Washington Post effort to slant the world in favor of liberal Democrats" and Rush Limbaugh calling the poll "totally fraudulent." Additionally, Fox News' Gretchen Carlson suggested that the poll should have referred to a "government-run option," and Fox News' Steve Doocy suggested the poll should have instead asked about the "government taking over the health care situation in this nation" - terms similar to the preferred language Republican pollster Frank Luntz has identified for the use of opponents of the public option and h ealth care reform. Read More You can help support our work; become a volunteer media monitor, or donate to Media Matters for America.

Associated Press Headlines

king5.com

The Obama administration plans to order companies that received huge government bailouts last year to sharply cut the compensation of their highest paid executives, according to a person familiar with the decision. The seven companies that received the most assistance will have to cut the annual salaries of their 25 highest-paid executive by an average of about 90 percent from last year, said the person, who spoke on condition of anonymity because it has not been announced.

Report: Secret Service strained to protect Obama - Yahoo! News

Report: Secret Service strained to protect Obama - Yahoo! News

An internal congressional report questioning the ability of the Secret Service to continue fulfilling its duties was leaked to the Boston Globe. The report says the Secret Service is strained by a drastic increase in threats to President Obama, coupled with deep budget cuts. Some are speculating that the agency may need to relinquish all or part of its roles in protecting the country's financial machinery in order to focus resources on the protection of the president and other high-profile leaders.

ABC7 eNews

>>> Having trouble viewing this newsletter? View as a webpage. Top Stories Wednesday, October 21, 2009 Person trapped in manhole Emergency crews are trying to pull a man out of a manhole in Palos Heights, Ill. Car found, reward offered in murders | VIDEO Police continue to search for suspects in the murders of a Chicago TV personality's parents. Fire destroys Glenview restaurant Dozens of firefighters were needed to put out a large fire at a restaurant in north suburban Glenview. Daley paints grim financial picture | VIDEO Mayor Richard Daley will tap into 'rainy day' funds in his budget plan to help close Chicago's $550 million gap. Boy, 5, sleepwalks to school overnight A 5-year-old boy is safe at home after he apparently sleepwalked to his school in the middle of the night. MORE STORIES Strange Man charged with printing phony $50s to pay dancer Gunman prays with clerk before finishing robbery Mexico's pink taxis cater to fed-up females 9 lives per gallon? Cat stuck in SUV engine is OK Museum's Earhart 'hair' just thread Consumer Baby food recalled, may be tainted with botulism Sugar cereals are 'Smart Choices'? FDA not so sure Apple shows off updated Mac T-Mobile users may be able to recover lost data Hurdles remain as FCC ponders 'Net data rules Healthbeat Panel backs vaccine as cervical cancer alternative CDC concedes vaccine production behind schedule Research: Children injured in car seats Important heart failure treatment underused H1N1 deadliest among the young MOST POPULAR Car found, reward offered in murders Bodies found in forest parents of TV host Boy, 5, sleepwalks to school overnight Worker killed in street sweeper accident Vehicle details released in hit-and-run All Most Popular Advertisement TODAY'S WEATHER OUTLOOK 68°F 49°F A shower in spots late this morning; otherwise, mostly cloudy Hour-by-Hour | 7 Day Forecast | Radar & Satellite TONIGHT ON ABC 7:00 PM Hank 7:30 PM The Middle 8:00 PM Modern Family 8:30 PM Cougar Town 9:01 PM Eastwick 10:00 PM ABC 7 News Lottery Results Your Daily Horoscope Sweet Maple Cafe's breakfast, lunch Anytime a restaurant makes it to 10 years, it is a cause for celebration. A popular breakfast and lunch joint in Little Italy celebrates by rolling their prices back--a decade. More from the Hungry Hound For sale: Stage where James Dean started The stage in a long-closed central Indiana high school where James Dean first performed is up for sale. Photos: James Dean's hometown SUBSCRIPTION OPTIONS I'd like to receive the following newsletters from abc7chicago.com Daily Weather | Daily News | 190 North Sign up for news alerts

Diplomats: Iran backs deal on enriched uranium - Yahoo! News

Diplomats: Iran backs deal on enriched uranium - Yahoo! News

Iranian negotiators on Wednesday expressed support for a deal that — if accepted by their leaders — would delay Tehran's ability to make nuclear weapons by sending most of its existing enriched uranium to Russia for processing, diplomats said.