By Emily Hoerner
Older adults in Chicago’s Norwood Park neighborhood are jumping into the 21st century to learn a new skill: Facebook.
With Facebook’s popularity garnering 890 million daily active users as of December 2014, according to the company’s website, the social network is arousing the curiosity of older adults. Continue reading
By Laura Furr
1871’s new crowdsourcing partner, Indiegogo Life, unveiled its platform to honor everyday Chicago heroes Tuesday night at the Merchandise Mart to a crowd of 73 startup creators and activists.
By Meredith Wilson
SPRINGFIELD, Ill. — During oral arguments Wednesday, Illinois Supreme Court justices found fault with Senate Bill 1, a law to alleviate the state’s financial burden of public employee pensions.
Justice Robert Thomas interrupted the attorney for the state, Solicitor General Carolyn Shapiro, several times, asking her about the basic facts of her briefs and the culpability of the state in the pension crisis.
In particular, Thomas hammered Shapiro about the extent of the state’s emergency powers, which she contended could be invoked to trump a constitutional clause protecting pensions.
By Lucy Ren
Speculation about how much lower the unemployment rate can go has been upgraded by last week’s report showing 5.5 percent, which supplied the public with more hope for achieving full employment. So why is the Federal Reserve still holding back from an interest rate hike? A random sampling of economists finds considerable support for Fed Chairwoman Janet Yellen’s caution.
“Slack means that there are significantly more people willing and capable of filling a job than there are jobs for them to fill,” explained Yellen in a speech in March 2014. She declared that “judging how much slack there is in the labor markets” is one of the most important questions that the Fed officials consider when making monetary policy decisions. She reiterated that priority in Congressional testimony late last month.
The recent unemployment rate matches the lower bound of some economists’ concept of “full employment.” In the Fed’s latest economic projections released in December, 17 Fed officials projected the longer-run normal unemployment rate to be in the range of 5 percent to 5.8 percent. The threshold is significant as it represents the nonaccelerating inflation rate of unemployment, or NAIRU–the rate below which the economy puts upward pressure on wages and thus on the cost of living. Continue reading
By Tanni Deb and Grace Eleyae
On this edition of Medill Newsmakers, we discuss what some Chicago organizations are doing to educate young men on how to combat teenage dating violence and sex trafficking. Featured organizations are members from the Allied Against Violence Project, an anti-domestic violence program that empowers teenage males to build healthy relationships; the Chicago Alliance Against Sexual Exploitation, a group educating youth to combat sexual exploitation; and Her Story Theatre, which showcases plays to raise awareness for social change for both women and children.
By Lucy Vernasco
If you walked by room 613 at the School of The Art Institute of Chicago’s Flaxman Library on Saturday, you heard the sounds of furious typing and laughter as a diverse group of students and Chicago residents discussed feminism and the internet. Continue reading
By Karin Vandraiss
In January, Jonathan Gold of the LA Times became the latest restaurant critic to make headlines by revealing his long-protected persona to the public.
By Antoinette Isama
Chicago Slam Works House Ensemble brings the nooks and crannies of Chicago to light through literary theater. “Redlined: A Chicago Lyric” uses poetry and movement to paint brutally honest portraits of why many have a love/hate relationship with the city. Directed by J.W. Basilio, the cast of J. Evelyn, Rashaad Hall, Shelley Elaine Geiszler, Frankiem Mitchell, Dru Smith and Teagan Walsh-Davis put faces to the names of what makes up the city through the CTA Red Line and the characters that ride it.
By Ezra Kaplan
Marla Levi is a 52-year-old Chicagoan with multiple sclerosis. With the support of her doctor, she applied and was accepted into the state-funded Medical Cannabis Pilot Program. This means that she qualifies and has a medical need for medical marijuana. It has been nearly three months since she got her papers but she has yet to fill the prescription.
The law that allows medical marijuana also stipulates that it must come from the state. But Illinois hasn’t grown any marijuana.
Sound like a Catch-22?
By Bethel Habte
Ulta Salon, Cosmetics & Fragrance Inc. doesn’t need to cover up. The 25-year-old retailer based in Bolingbrook, Illinois is poised to produce another strong earnings report Thursday.
Reflecting robust performance, the stock has ranged from $83.54 to $143.69 in the past 52 weeks and closed near its peak on Tuesday at $140.47. The stock’s price-to-earnings ratio is a potent 37.56 compared to the S&P 500’s 20.50.