Generations of discriminatory lending practices and policies have taken a major toll on Black communities. A 2020 study found that for every $1 of accumulated wealth that White families have, Black families have just one cent.
Business
Local Efforts to Tackle Systemic Racism in Banking, Help Black Communities Build Generational Wealth
‘Unprecedented’ number of rate cases pending before Illinois Commerce Commission
Millions of Illinoisans could see higher energy bills next year, but the size of those increases will be determined by a state agency that has recently had its oversight powers expanded.
Mayor Brandon Johnson’s mayoral campaign platform called for an end to the tipped minimum wage, noting that those who rely on tips to earn a living wage are more likely to be Black and Latina women.
The agency accused Amazon of using deceptive designs, known as “dark patterns,” to deceive consumers into enrolling in Prime. The complaint said the option to purchase items on Amazon without subscribing to Prime was more difficult in many cases.
The world’s oceans and marine life are under threat. Two Chicago-area women have made it their mission to tackle the issue, with a new business venture billed as the “future of seafood.” They’ll soon supply restaurants and grocers with a new spin on the plant-based trend: faux fish.
It is not clear exactly when Bally’s will be able to open a temporary casino in the century-old Shriner’s temple at 600 N. Wabash Ave., with its distinctive domed ceilings and stained-glass windows. A Chicago landmark since 2001, the temple was most recently home to a Bloomingdale’s furniture store.
City leaders and NASCAR officials said they were confident the race would avoid all of the possible potholes and showcase Chicago in all of its summertime glory for a national audience.
Hundreds of acres of vacant land in Sugar Grove has a developer looking to build housing, civic space, retail – and distribution warehouses. Some residents are uneasy the project would change the village’s small town feel.
The Fed’s move to leave its benchmark rate at about 5.1%, its highest level in 16 years, suggests that it believes the much higher borrowing rates it’s engineered have made some progress in taming inflation.
City officials shared the latest plans for road closures, detours and alternate routes in advance of the upcoming NASCAR Street Race, and it’s going to be a bumpy ride for commuters.
There are also mounting requests to more aggressively and comprehensively address the air travel system’s bottlenecks, including obsolete technology and staffing issues.
Last week, the location reopened with a dramatically pared back look. Why? Walgreens says it’s a digital-first experimental store to benefit customers. It’s not designed to deter theft, Walgreens says.
Mayor Brandon Johnson and Chicago Bears President Kevin Warren met Wednesday, a clear sign that relations between the city and the Monsters of the Midway have thawed, which may set the stage for talks to keep the team in Chicago, if not at Soldier Field.
Southwest Employee at Midway Charged With Creating, Selling Nearly $2M Worth of Fake Travel Vouchers
DaJuan Martin, 36, was charged in Chicago’s federal court Monday with 12 counts of wire fraud stemming from the alleged fraud scheme. A second man, 46-year-old Ned Brooks, was also charged with four counts of wire fraud after he allegedly purchased several of these fraudulent vouchers.
Building a stadium on the former Arlington Heights racetrack “is no longer our singular focus,” said Scott Hagel, the Bears senior vice president of marketing and communications.
The nation’s employers stepped up their hiring in May, adding a robust 339,000 jobs, well above expectations and evidence of enduring strength in an economy that the Federal Reserve is desperately trying to cool.