All posts by andrewfowler2015

PETRO PERIL VIDEO: Concerns over safety of fuel-carrying trains in wake of Galena

By Andrew Fowler

On March 5, a train carrying crude oil from North Dakota derailed just south of Galena, Illinois adding it to a growing list of towns where similar accidents have happened. Twenty-one tank cars of the Burlington Northern Santa Fe train derailed and five caught on fire, which set a blaze that burned for a several days.

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VIDEO: Commuters find alternate routes with Yellow Line down

By Andrew Fowler

Skokie residents are finding other ways to get to work, school and wherever else they need to go while the Yellow Line is closed for repairs. The Chicago Transport Authority has not announced when Yellow Line trains will be up and running again, but only that the line will not be in service for several days. An embankment near the Terrence J. O’Brien Water Reclamation Plant collapsed leaving leaning power lines and the track in disrepair. According to a statement posted on the Metropolitan Water Reclamation District website there was a “failure of the earth retention system.”

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VIDEO: Latest data is sobering news for entrepreneurs

By Andrew Fowler

Entrepreneurs considering starting a business have always had to weigh the risks against the potential rewards, but most recent data from the U.S. Census Bureau, released last year, is sobering news for startups.

In 2008, during the height of the recession, the rate of businesses failing exceeded the rate of new businesses being started. That trend has continued through 2011 when the Census data, which lags a few years behind because it comes out slowly, ends. Analytics group Gallup reports that the United States is 12th among developed nations in startup activity.

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VIDEO: Worries over financial literacy education in the Illinois

By Andrew Fowler

April is National Financial Literacy Month, which has some worried that Illinois legislators may not be doing enough to promote finance education in the state.

According to a report released last year from the Organisation for Economic Co-operation and Development, teenagers in the United States ranked only ninth out of 18 countries tested in financial literacy.

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VIDEO: Young entrepreneur begins startup despite challenges for millennials

By Andrew Fowler

Wilbur You started his own integrated marketing and development firm at the age of 22 with no investors. The company began in his parents’ basement and now the team at Youtech and Associates, Inc. is looking for even an bigger office space as they continue to expand. According to the Kauffman Foundation’s 2015 State of Entrepreneurship Address, millennials who may want to begin a new business are facing difficult challenges, with the economy still recovering and with many graduating with student loan debt.

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VIDEO: Consumers break traditional gender roles

By Andrew Fowler

As more conversations about gender equality and gender roles take place in the U.S., consumers are changing the way they shop. No longer are shoppers only buying what has traditionally been meant for one specific gender. Retailers are now adjusting to potentially different and wider customer bases.

According to Mintel, American consumers are “questioning traditional notions of gender, rejecting the restraints of stereotypes.” Even globally the United Nations plans to issue new goals for gender equality, meaning these trends could be expanding worldwide.

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VIDEO: Businesses adjust to greater consumer expectations

By Andrew Fowler

Now more than ever American consumers have a lot of influence on retailers and they’re not afraid to use it. According to a trend report from Chicago-based analysts at Mintel,  consumers now expect speed and convenience on-demand thanks to the internet. Proper Suit, a custom menswear retailer, is one Chicago business that is changing with the times.

According to the report, in addition to rising consumer expectations, shoppers are becoming more aware of their rights and corporate misbehavior. In addition, wearable technology is expected to be a bigger trend in 2015.

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VIDEO: JOLTS report shows positive signs for job seekers

By Andrew Fowler

The JOLTS report from the Bureau of Labor Statistics is showing positive signs that the economy is growing. The survey of employers released Tuesday, measures the number of job openings at the end of December. The estimated 1 million  job openings increase from a year ago is good news for those seeking employment.

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