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[24 Jul 2014 | No Comment | ]

Meanwhile, U.S. Rep. Jan Schakowsky, D-Evanston, followed the lead of U.S. Sen. Dick Durbin, D-Ill., and wrote a letter to Walgreen CEO Gregory Wasson warning that the company risks hurting its U.S. business if it continues on its current course.

 
Even if it moves, Ms. Schakowsky wrote, “Walgreens would still be dependent upon its American business operations for much of its revenue. I doubt customers will feel the same loyalty to a company that seeks to use a currently available tax loophole to avoid its corporate responsibilities to them and to our nation. …

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[29 Jun 2014 | No Comment | ]

History repeated itself, ruefully, for workers at Sound Solutions Windows & Doors Inc. when the Southwest Side window maker shut down this month, shorting them of vacation pay. Many were treated the same way in the closing of its predecessor, Republic Windows & Doors Inc., which led to a six-day occupation of its Goose Island plant in 2008 and drew rebukes from President-elect Barack Obama and other pols.

Unaffected by Sound Solutions’ demise is Republic’s former president, Richard Gillman, ….. Mr. Gillman, 61, was sentenced in December to four years in …

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[10 Jun 2014 | No Comment | ]

A consultant hired by Lincolnwood is recommending the village kick in as much as $33.5 million in subsidies to help launch a $125 million mixed-use project on the site of the former Purple Hotel.

North Capital’s proposal “will require some level of public assistance. The key policy decision for the village will center on the incentive amount — including the designation of pledged sources of revenues for incentive payments,” the report states.
The developer has told the village that it must achieve returns of between 13 percent and 25 percent in order …

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[20 May 2014 | One Comment | ]

After a series of recent media reports about activities by his ex-chief of staff, Jack Lavin, who left state payroll last September, Mr. Quinn’s office released a statement saying that he will push for legislation to forbid such work for one year after a senior official leaves office.
“The governor favors amending the law to say that any chief of staff, deputy chief of staff or deputy governor – whether they’re participated in a decision or not – should not be permitted to lobby any official in state government for one …

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[12 May 2014 | No Comment | ]

Robert D. Stuart Jr., the last of the Stuart family line to have run Quaker Oats Co., and a co-founder of the America First Committee, which sought to keep the United States out of World War II, died last week. He was 98.
Mr. Stuart, who lived in the Chicago area, died May 8 of a heart attack while he was en route to the U.S. from France, his son, Sandy Stuart, said this morning.

The epitome of old money, the aristocratic but not flashy Mr. Stuart “looks like a god, talks …

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[16 Jan 2014 | No Comment | ]

The top executives and directors of ShoreBank, who weren’t made defendants in the Federal Deposit Insurance Corp.’s $73 million lawsuit alleging shoddy loan practices at the defunct low-income, urban lender, are likely to get caught up in the case after all.

 
 
In recent court filings, the lower-level ex-ShoreBank loan officers whom the FDIC did name in the suit assert that directors, including co-founders Ron Grzywinski and Mary Houghton, actually approved some of the larger business loans the FDIC cited in its August complaint and were aware of all of the rest. Likewise, the …

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[5 Dec 2013 | No Comment | ]

Despite the long road ahead, Illinois taxpayers have legitimate cause for optimism today. No one should be celebrating the fact that Illinois had to take this very difficult action. We all share the pain of a state that is unable to fully live up to its promises. However, taxpayers should be encouraged that the state is finally taking steps to halt its financial deterioration and stabilize its finances.

 
The legislation is a reasonable compromise achieved after a long legislative process requiring statesman-like concessions from the bipartisan conference committee, the four legislative …

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[9 Nov 2013 | No Comment | ]

Only hundreds of people enrolled in the Illinois health insurance exchange in October, state officials said today, offering the first glimpse into an online marketplace that has been vexed by glitches.

 
Insurance carriers have told state officials that hundreds of consumers signed up in October, confirmed Jennifer Koehler, director of the Illinois Health Insurance Marketplace. But she and Cristal Thomas, Illinois deputy governor, cautioned that it was just a guess since federal officials haven’t yet provided enrollment figures.
“We do not know,” Ms. Thomas said. “If we have to guess we would …

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[26 Aug 2013 | No Comment | ]

Dental administrator Kathryn Olson is stepping in as chairman of the Illinois Health Facilities and Services Review Board at a time when its decisions are facing increasing scrutiny from the courts.
Ms. Olson, 57, was appointed by Gov. Pat Quinn to the position on Aug. 16 after the exit of former Chairman Dale Galassie, whose term expired July 1.

Ms. Olson declined to comment on the case, except to say the diversity of board members’ professional experiences leads to good decision-making.
She works as the dental director for Crusader Community Health in Rockford. …

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[19 Aug 2013 | No Comment | ]

The Federal Deposit Insurance Corp. sued five former loan officers at defunct ShoreBank, alleging they disregarded the firm’s lending policies on more than two dozen loans, causing more than $73 million in losses.
 
The loan officers at the Chicago-based bank — James Bringley, Drextel Amy, Olga Vikki Lakes-Battle, Eric Rader and Thurman Smith — did not collect basic financial information about the loans they approved, according to the suit, which the FDIC filed Aug. 16 in U.S. District Court in Chicago.
 
The defendants “repeatedly failed to undertake the analysis necessary to evaluate …