Nov. 15, 2010 at 11:33 a.m.
Filed under:
Chicago executives,
Economy,
Policy,
Travel
By Reuters
Private planes at Teterboro Airport in Teterboro, N.J. (AP Photo/Jeff Zelevansky)
U.S. executives, including those at government-owned General Motors, are getting back on corporate planes as the economy slowly recovers.
While airlines still account for the majority of corporate travel, many businesses are gradually returning to private planes. They are eager to avoid airport hassles, flight delays and other potential logistical snags associated with commercial flying. For some companies, corporate jets are also a better value.
“We appear to be off the bottom,” said Dan Hubbard of the National Business Aviation Association trade group that represents companies that own and charter planes. “We seem to be seeing things stabilize at this point.” Get the full story »
Nov. 15, 2010 at 9:43 a.m.
Filed under:
Policy,
Politics
From Bloomberg | Chicago’s controversial parking meters deal, forced into effect by Mayor Richard Daley in 2008, has had many lessons for other cities considering their own parking meter agreements. Cities like Indianapolis, Pittsburgh and Los Angeles are considering options such as taking less money up front in favor of more total fees, and demanding exit clauses that let them end the lease.
Nov. 11, 2010 at 11:55 a.m.
Filed under:
Banking,
Investing,
Policy
By Reuters
U.S. banks have found a way to continue betting their own money on some investments, despite a new law’s restrictions on proprietary trading, the Financial Times reported on Thursday, citing Wall Street executives. Get the full story »
Nov. 11, 2010 at 11:27 a.m.
Filed under:
Economy,
International,
Policy,
Politics,
Trade
By Associated Press
A strong sense of pessimism shrouded the start of an economic summit of rich and emerging economies Thursday, with President Barack Obama and fellow world leaders arriving in Seoul sharply divided over currency and trade policies.
Nov. 11, 2010 at 10:09 a.m.
Filed under:
Policy,
Politics,
Transportation
By Associated Press
Gov. Pat Quinn says a Wisconsin trainmaker is welcome to move its jobs to Illinois.
Quinn is inviting Talgo Inc. to come to the state after Wisconsin’s newly elected Republican governor said he wanted to give back federal money for a proposed high-speed rail project or use it for something else.
Nov. 10, 2010 at 3:29 p.m.
Filed under:
Consumer news,
Policy,
Politics
By Dow Jones Newswires
White House adviser Elizabeth Warren said her meetings with investors and bank executives are going well, helping to give the financial industry a better sense of the new Consumer Financial Protection Bureau’s direction and priorities.
“I have really been on the road,” Warren told CNBC, noting that she’s been traveling the country meeting with community bankers, consumer advocates, chief executives of the largest financial firms and buy-side investors. Warren said she has discussed the agency’s approach to regulation and outlined its likely first steps “to make it really clear where we’re headed.” Get the full story »
Nov. 10, 2010 at 2:57 p.m.
Filed under:
Mortgages,
Policy,
Politics
By Associated Press
The Federal Reserve says it will buy a total of $105 billion worth of government bonds starting later this week as it launches a new program to invigorate the economy. Get the full story »
By Dow Jones Newswires
Proposed changes for cigarette packaging under new FDA rules.
Graphic images depicting dead bodies and diseased lungs were unveiled by federal health officials Wednesday as part of a move to require bolder health warnings on cigarettes and advertising.
A 2009 law requires larger and more graphic health warnings on cigarettes as part of an effort to discourage people from starting to smoke and to lower current smoking rates. Currently, 20.6 percent adults and 19.5 percent of high school students smoke cigarettes, according to government figures. Get the full story »
Nov. 9, 2010 at 3:06 p.m.
Filed under:
Policy,
Politics
From Bloomberg | Illinois is planning $1.5 billion in tobacco-bond sales as soon as Nov. 30 to pay bills and balance its budget. The bonds, to be backed by payments from a 1998 settlement with tobacco companies, will be sold the week after Thanksgiving.
Nov. 9, 2010 at 2:46 p.m.
Filed under:
Policy,
Politics,
Transportation,
Updated
By Associated Press
Wisconsin governor-elect Scott Walker speaks to reporters Nov. 3, 2010. (AP Photo/Scott Bauer)
High-speed rail projects in Wisconsin and Ohio appear close to derailment, with Wisconsin’s outgoing governor saying Monday he’ll leave the future of his state’s project to his Republican successor, who has vowed to kill it, and Ohio’s incoming governor saying again he plans scrap his state’s project.
Jim Doyle, Wisconsin’s outgoing Democratic governor, told The Associated Press that although he thinks a high-speed rail line to connect Milwaukee with Madison is a good idea, he feels obligated to leave the project’s future up to Republican Gov.-elect Scott Walker.
Minutes after Doyle made his comments, Walker said he remains opposed to the $810 million project. Get the full story »
Nov. 8, 2010 at 4:41 p.m.
Filed under:
Environment,
Policy
By Reuters
The U.S. Gulf region must repair not only the damage from the BP oil spill but also that caused by decades of environmental abuse, Environmental Protection Agency Administrator Lisa Jackson said on Monday. Get the full story »
Nov. 8, 2010 at 3:31 p.m.
Filed under:
Policy,
Politics
By Associated Press
Fed governor Kevin Warsh, right, with Fed Chairman Ben Bernanke on Aug. 27, 2010. Warsh expressed doubts on Monday about the Fed's $600 billion bond-buying plan. (AP Photo/Reed Saxon)
A Federal Reserve official with a close working relationship with Chairman Ben Bernanke is expressing skepticism over the Fed’s new $600 billion program to bolster the economy.
Kevin Warsh, a Fed governor, warns that there are “significant risks” associated with the Fed’s bond-buying program, including the potential for triggering inflation.
The Fed’s program, announced last week, is aimed getting Americans to spend more and invigorate the economy by making loans cheaper. But Warsh doubts the program will have “significant” or “durable benefits” for the economy. Despite his reservations, Warsh voted for the program. Get the full story »
By Reuters
The American Medical Association unleashed its latest salvo Monday in its campaign against cuts in Medicare payments to doctors with a survey that finds overwhelming concern among Americans.
The physician’s group did an online survey of 1,000 Americans aged 18 and older and found 94 percent of them said they are concerned about the cuts to doctors who treat elderly patients.
The group released the findings at a meeting in San Diego to kick off a new advertising and lobbying push to convince lawmakers to block payment cuts — set to take effect Dec. 1 — before they recess for the Thanksgiving holiday later this month. Get the full story »
Nov. 8, 2010 at 1:19 p.m.
Filed under:
Airlines,
Airplanes,
Airports,
Policy,
Updated
By Reuters
The Obama administration on Monday banned all cargo shipments to the United States from Somalia, expanding a ban imposed initially on shipments from Yemen in the wake of a recent foiled bomb plot.
Two weeks ago, authorities in Dubai and the United Kingdom intercepted two bombs hidden in toner cartridges destined for the United States from Yemen via FedEx and United Parcel Service after a tip from Saudi Arabia.
In addition to the expanded cargo ban, the Department of Homeland Security also prohibited toner and ink cartridges over 16 ounces from any U.S. passenger flights, domestic or international, bound for the United States. Get the full story »
Nov. 8, 2010 at 10:21 a.m.
Filed under:
Investing,
Policy,
Politics
By Reuters
Wall Street’s lead lobbying group said on Monday it wants to help shape the “Volcker rule” on risky bank trading, among many other provisions, as the biggest financial reforms since the 1930s are implemented. Get the full story »
