The other lender of last resort

Pawn Shop Storefront

By Alyk Russell Kenlan Medill Reports COVID-19 has caused a role reversal in pawnshop borrowers. During the first four weeks of Illinois’ stay-at-home order, some pawnshops in lower-income areas of Chicago saw fewer new loans taken out and old loans being paid back early. Pawnshops in wealthier parts of the city, however, faced a rush […]

College Students Weigh Pros and Cons of Majoring for Passion vs Pay

By Yunfei Zhao Anup Patel had a dilemma: Follow his passion — or the money. Like many college students looking to make the most of the investment in time and money, Patel agonized over getting it right. The Illinois Institute of Technology graduate ended up giving up his passion, chemistry, for business. “Our society rewards […]

Verizon Exceeds Q4 Expectations

Verizon Wireless at La Salle Chicago

 By Ashesha Mehrotra Verizon Communications Inc. reported higher-than-expected fourth quarter earnings Thursday, bolstered by an addition of 1.5 million wireless retail postpaid users and hefty tax benefits. The company swung to a profit of $5.51 billion, or $1.32 per diluted common share, from a loss of $2.14 billion, or 54 cents per share, the year-ago quarter. Shares […]