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Articles Archive for July 2008

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[31 Jul 2008 | No Comment | ]

“There are things you can do individually, though, to save energy. Making sure your tires are properly inflated – simple thing. But we could save all the oil that they’re talking about getting off drilling – if everybody was just inflating their tires? And getting regular tune-ups? You’d actually save just as much!” Sen. Barack Obama (D-IL)
Estimated Impact:
90 Million Barrels of Oil savings annually with proper tire inflation.
There are:
10 Billion Barrels of Oil in ANWR
18 Billion Barrels of Oil in the Outer Shelf
1 Trillion Barrels in Oil Shale in the …

Our Columns »

[31 Jul 2008 | No Comment | ]

Sorry to be graphic but the indictment of Alaska Republican Senator Ted Stevens by a federal grand jury is necessary medicine to provide a much needed purgative to the infected body politic. Let them now turn the spigot and proceed with the full flushing. The purification will recompense partly for far more than the making of alleged false statements to conceal gifts and home renovations.
Such physic would blast out the moral debris accumulated long ago, by his arrogant defense of the status quo when the late Henry J. Hyde brought …

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[31 Jul 2008 | 3 Comments | ]

The approach of August means that it is time to begin making plans for the start of another school year. Back to school sales will be widely advertised in coming weeks. For those of you who have not made a vacation trip this year, there is time to do so before Labor Day. August is also the time to make plans to attend the Illinois State Fair. This year’s fair opens on August 7th and concludes on the 17th.
Attending the State Fair means making a trip to Springfield, which …

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[31 Jul 2008 | No Comment | ]

High exports, booming consumer spending, and a retreat in gasoline purchases added up to a doubling of US Economic Growth in the second quarter of 2008.
For the quarter ending June 30, economic growth was measured at a 1.9% annual rate, marking over 17 consecutive years without the United States being in recession.
U.S. exports rose by 9.2%. Imports decreased 6.6%, marking a historic shift in US Trade balance.
Contrasting the economic results with the media coverage:
ABC, CBS and NBC hyped similarities to the Great Depression more than 70 times in the first …

From Blogs »

[31 Jul 2008 | No Comment | ]

The Tribune is shocked, shocked that some realtors on the north shore are fighting back against the nanny-state mentality that is eroding our freedom as homeowners:
The wealthy North Shore has become ground zero for a well-funded Realtors group that has launched campaigns to fight everything from the creation of historic districts to sprinkler requirements for new homes.
Using techniques normally associated with well-heeled political campaigns, the North Shore-Barrington Association of Realtors (NSBAR) has launched Web sites, sent out slick mailings, placed automated telephone calls, conducted opinion polls and used other tools …

From Blogs »

[31 Jul 2008 | No Comment | ]

The city of Chicago is fighting the Federal Emergency Management Agency over a nearly $6-million tab for snow removal.
FEMA obviously doesn’t remember how hard it was for the Federal Aviation Administration to collect several million in fines from Chicago after Mayor Richard M. Daley one midnight bulldozed the federally subsidized, lakefront airport known as Meigs Field

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[30 Jul 2008 | No Comment | ]

The Natural Resources Defense Council has observed that Lake Michigan shoreline beaches top the nation in closures due to high bacteria contamination, with the Kathy Osterman (Mrs. Bruce DuMont) beach being above safe levels 12 out of 12 times tested.
Though it seems unlikely that the tests are all that accurate or scientific…Abion Beach was tested 289 times in 2007, while Loyola Ave Beach was never tested, the results are distressing, but expected.
The NRDC does not take the investigation very far, stating under the heading “Causes of Closing and Advisories” that …

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[30 Jul 2008 | No Comment | ]

Once again, the “Web 2.0″ Candidate is being scrutinized by using…Web 2.0.
The Republican National Committee has launched a suprisingly functional Facebook parody titled Barackbook, which goes into Sen. Obama’s deep links with various Chicago radicals, convicted felons, and Iraqi financiers.
The site is not all that deep, but serves the purpose of easily navigating the tangled set of relationships in Cook County Politics.

Local Media »

[30 Jul 2008 | No Comment | ]

In the last few days Mayor Daley has been spreading the word that even though the city faces mountains of debt, there’s absolutely no way he will raise property taxes.
Last week he and schools CEO Arne Duncan announced that the Board of Education would rather take $50 million out of reserves than hike taxes for the cash-starved system.
And today he proclaimed that he would mandate furlough days for nonunion city employees to help close a budget deficit he says stands at “a couple of hundred million dollars.” But no new …

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[30 Jul 2008 | No Comment | ]

The Dow Jones Industrials Average is down roughly 20% from its peak in 2007 and fears of recession (or worse) are rampant. Bearish sentiment on equities is elevated and as is typical in fear-filled environments, opportunity exists.
Not only are fears of recession overblown, but earnings continue to surprise analysts to the upside. The bottom-line is that the US equity market is at least 35% undervalued. And when we survey the entire investment landscape it is clear the equity market is the only broad market category where significant …