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Thursday, May 27, 2010

Crain's Daily News prepared for Top Executives




 

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CHICAGOBUSINESS

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Daily Business Briefing

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TOP HEADLINES Thursday, May 27, 2010

· Video: Reinventing school lunch

· McPier overhaul is law as lawmakers reject Quinn's veto

· Hotel exec blasts Quinn for McPier bill veto

· Corn Products seen close to game-changing, billion-dollar deal

· U.S. House accord preserves Illinois' $19M stake in highways

· Former NBA star Antoine Walker files for bankruptcy

· CBOE prices IPO at $27 to $29 a share

· Residential real estate: Move to Gold Coast | Lincoln Park listing | Brokerage move

· Movado stops clock on Chicago shops

· Chicago unemployment up again in April

· 10 Things to do this weekend 

CRAIN'S BLOGS

· Quinn campaign cash, Madigan allies fueled McPier fight; Plus: More income tax disclosures and Joe Berrios' strange move: Greg Hinz

· Crain's video: TickIt's high-speed trading formula; An alternative voice for small biz; Score video: Buddying up with your banker: Enterprise City

· Hawks broadcaster Lloyd Pettit, the best there ever was; Documentary tells of sports photographer's quest in Cambodia: Biz of Sports

· A year after drama, Obama, Tchen, Duncan get honorary degrees: Taking Names 

Final Markets

Dow Jones

10,258.99

+284.54

+2.85%

NASDAQ

2,277.68

+81.80

+3.73%

Crain's Index

91.89

+3.440

+3.889%

» View Other Top Headlines

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OTHER HEADLINES

· Gulf of Mexico oil spill worst in U.S. history CNN

· Registered sex offender Scott Eby charged in 2004 killing of 3-year-old Riley Fox Chicago Sun-Times

· Geithner sees consensus on finance reform New York Times

· We're running out of internet addresses CNN

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TODAY'S FEATURES

Special Feature

Chicago Business Today — May 27

The discussion over what schools serve for lunch has been heating up amid first lady Michelle Obama's campaign to combat childhood obesity. Meet a pair of local entrepreneurs who are trying to tap into the trend to improve kids' diets.Read More


· Enterprise City — a small-business blog

· Society — WTTW gala

· 4th annual CANstruction design competition

· 40 Under 40 -- Call for Nominations

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Top Stories

Thursday, May 27, 2010


New charges to be filed in girl's 2004 murder
The Will County State's Attorney's Office will announce charges in connection with 2004 murder of 3-year-old Riley Fox Thursday afternoon.

Murder suspect's car found in Fargo, ND | VIDEO
Eric Gilford, 31, is wanted in connection with the stabbing death of his estranged wife, who was five months pregnant.

Obamas coming home to Chicago today | VIDEO
President Barack Obama and his family will spend the Memorial Day weekend at their Hyde Park home.

Mt. Prospect native wins 'American Idol' | VIDEO
Lee DeWyze, a paint store clerk who overcame his shyness to impress "American Idol" judges and viewers with his spirit and soulful voice, triumphed Wednesday over bluesy musician Crystal Bowersox in the contest's ninth season.

Fire report sends plane back to airport
A report of a fire on board a plane bound for Chicago forced an emergency landing Thursday.

Student accused of teacher sex abuse
A student is charged with sexually abusing a female teacher at a south suburban high school.

MORE STORIES

Strange News

Frogs close major Greek highway

Hebrew University sues GM for People's Einstein ad

Adventurer leaves NY career to walk across US

Loud muffler helps WA man retrieve stolen truck

Alaskan police puzzled by 26 headless chickens

Consumer

Best sunscreens reviewed

Nissan Leaf sells out in pre-order phase

Facebook simplifying privacy controls

Walmart to sell iPhone for less than $100

Holiday Inn to test smart phone as room keys

Healthbeat

Strong link between tanning beds, melanoma

Study: Stent as good as surgery in stroke prevention

FDA warns of bone fracture with heartburn drugs

Teen invents video game diet

Investigators find heavy metals in herbal supplements

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TODAY'S WEATHER OUTLOOK

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Today's weather

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Media Matters Daily Summary




 
Media Matters for America
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.
Wash Times falsely claims "Kagan's foreign law trumps" constitutional law
A Washington Times editorial relies on false claims and distortions to claim that Supreme Court nominee Elena Kagan believes foreign law "trumps" American law and the U.S. Constitution. Read More
Legal experts reject Fox's allegation that Sestak was "bribed"
Fox News has seized on false allegations that the White House "bribed" Rep. Joe Sestak (D-PA) with an administration job in exchange for staying out of a Senate race and claimed it would amount to an "illegal" and possibly "an impeachable offense." In fact, legal experts have rejected the claims that such offers are a bribe or illegal. Read More
John Stossel's continued advocacy for a right to discriminate
Fox's John Stossel has repeatedly called for the repeal of part of the 1964 Civil Rights Act, saying that "private businesses ought to get to discriminate" and that free-market forces will resolve racial discrimination. Read More
Beck falsely claims Obama will not "honor our troops" on Memorial Day
Glenn Beck falsely claimed that President Obama "has decided not to honor our troops on Memorial Day." In fact, Obama will speak at a Memorial Day service at a dedicated Veterans Affairs cemetery in Illinois; Obama is not the first president to commemorate the holiday somewhere other than Arlington National Cemetery. Read More
Stossel digs deeper in attempt to defend his attack on Civil Rights Act
John Stossel continues to defend his argument that the sections of the Civil Rights Act outlawing discrimination by private businesses should be repealed, arguing that discrimination by businesses would have disappeared if not for Jim Crow laws. In fact, long after the repeal of Jim Crow, the Department of Justice continues to file discrimination cases against private businesses. Read More
You can help support our work; become a volunteer media monitor, or donate to Media Matters for America.
 

CORE-Illinois ACTION ALLERT!




 
CORE-ILLINOIS MAY 21, 2010

CORE ALERT 

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Dear Fred,  
 

Springfield:  The Democrat majority in the Illinois House of Representatives on Tuesday passed a budget bill in the House, the Senate is expected to vote on the bill today or early tomorrow and send it onto Governor Quinn for his signature. At this point it appears that the political budget designed to be the least painful for Democrat legislators running for election this fall.  Republicans continues to be excluded from the process, but be highly critical of the outcome, saying it will only push Illinois problems into next year.     Christopher Wills of the Associated Press filed this article regarding the budget as it stands tonight.    At this point it appears that higher education will be cut by about 5%, the Department of Children and Family Services will be cut by about 25%.  The budget allows the Governor to continue to cut/decrease funding at his discretion.

 

As Illinois Partners for Human Services put it:

 

"Under this budget no human service organization will know about contracts to take affect July 1 for several more weeks, thereby dumping the costs of a quick shut down on the community, clients and staff

The Governor will be able to cut budgets at any time

There is no solution to late payments; they are simply kicked further down the road 

There is no comprehensive solution to inadequate human services funding.

This is not an acceptable budget!"

 

However, as of this writing the Senate has not passed the bill, the hang up appears to be the borrowing authority to pay the 4 billion for pension payments.  There is a group of Democrat legislators who are apposed, and without Republican assistance the Democrat majority can not pass the bill.  Doug Finke of the State Journal Register posted this article at 7:30pm this evening (5/26).

 

Sincerely,
 
 
John Reese
Bill Johnson
CORE-Illinois
 
CORE-Illinois
 
 
401 Sangamon Ave.
Springfield, Illinois 62702
CORE-Illinois
 1-217-544-1251

 
 
 
CORE-Illinois | 401 Sangamon Ave. | Springfield | IL | 62702