Jan. 4 at 5:15 p.m.
Filed under:
Food,
Policy
By Reuters
Republican opponents of food safety legislation are already promising a fight over its funding, even before it becomes law.
President Barack Obama was scheduled to sign the bill on Tuesday. It allows the Food and Drug Administration to increase inspections of food producers and gives it more enforcement authority.
The legislation follows a series of widespread outbreaks of foodborne illness and food product recalls. Health and Human Services Secretary Kathleen Sebelius calls it “the most significant food-safety law of the last 100 years.” Get the full story »
By Kathy Bergen
The Chicago Convention & Tourism Bureau’s board today hired Indianapolis tourism executive Donald P. Welsh as its new president and chief executive officer.
Welsh was hired away from the Indianapolis Convention & Visitors Assn., where he was chief executive.
His hiring comes shortly after the resignation of Tim Roby, a hospitality industry sales and marketing executive who took the top executive post at the bureau in 2006. Get the full story »
Jan. 3 at 11:53 a.m.
Filed under:
Economy,
Policy,
Retirement
From Bloomberg TV | The executive director of the Illinois State Board of Investments, which manages about one-fifth of Illinois’ pension funds, told Bloomberg TV on Monday that Illinois will have to figure out how to fund pensions in 2012, and also discussed the possibility that Illinois lawmakers may approve a plan to sell $3.7 billion of bonds to fund the state’s pension contributions.
Jan. 3 at 10:18 a.m.
Filed under:
Policy,
Politics,
Taxes
By Reuters
Most Americans think the United States should raise taxes for the rich to balance the budget, according to a 60 Minutes/Vanity Fair poll released Monday.
President Barack Obama last month signed into law a two-year extension of Bush-era tax cuts for millions of Americans, including the wealthiest, in a compromise with Republicans.
Republicans, who this week take control of the House of Representatives, want to extend all Bush-era tax cuts “permanently” for the middle class and wealthier Americans. They are also demanding spending cuts to curb the $1.3 trillion deficit. Get the full story »
Dec. 30, 2010 at 4:59 p.m.
Filed under:
Energy,
Policy,
Politics
By Associated Press
A law professor being paid $950 an hour with BP’s money has declared that the czar of the $20 billion claims fund for Gulf oil spill victims is independent of the oil giant. Get the full story »
Dec. 29, 2010 at 5:19 p.m.
Filed under:
Economy,
Policy,
Politics
By Associated Press
Six banks have repurchased investments the government made under its taxpayer-funded financial rescue program, paying a total of $626 million including dividends, the Treasury Department said Wednesday. Get the full story »
Dec. 29, 2010 at 4:35 p.m.
Filed under:
Insurance,
Policy,
Regulations
By Dow Jones Newswires
American International Group Inc. didn’t report $18.7 billion of policyholder guarantees at two property-casualty subsidiaries in 2008, Bloomberg reported Wednesday, citing a Pennsylvania regulator. Get the full story »
Dec. 23, 2010 at 11:38 a.m.
Filed under:
Government,
Policy,
Politics
By Reuters
President Barack Obama will renominate Nobel-prize winning economist Peter Diamond to the Federal Reserve Board next year when the new Senate convenes, a White House official said Thursday.
The Senate scuttled Diamond’s nomination Wednesday by failing to vote on it before adjourning its lame duck session for the year. Get the full story »
Dec. 23, 2010 at 5:47 a.m.
Filed under:
Policy,
Politics
By Reuters
The nomination of Nobel prize-winning economist Peter Diamond to the Federal Reserve’s Board was scuttled on Wednesday when the Senate failed to vote on it before adjourning for the year. Get the full story »
Dec. 22, 2010 at 4:17 p.m.
Filed under:
Economy,
Policy,
Politics
By Associated Press
President Barack Obama says the economy will be his “singular focus” over the next two years.
He says the nation is past the “crisis point” in the economy, and that he’ll now be working to bring down the jobless rate and equip the nation to compete with the rest of the world. Get the full story »
Dec. 21, 2010 at 11:34 a.m.
Filed under:
Economy,
Jobs/employment,
Policy
By Alejandra Cancino
Cook County workers saw their average compensation decline by 0.3 percent in 2009 to $67,791 per job, according to statistics released Tuesday by the Bureau of Economic Analysis.
When adding the compensation of all workers, Cook County experienced a decline of 5.2 percent to 1.7 million. Cook was among the more than 2,000 counties — about two-thirds — that experienced compensation declines in 2009. Get the full story »
Dec. 21, 2010 at 10:37 a.m.
Filed under:
Banking,
Economy,
Investing,
Policy
By Reuters
The Treasury Department plans to sell a large piece of its stake in American International Group in two stock offerings next year, officials briefed on the situation told Reuters. Get the full story »
Dec. 20, 2010 at 3:29 p.m.
Filed under:
Economy,
Policy,
Politics
By Reuters
The Federal Reserve does not believe any one hedge fund can topple the financial system and therefore the private pools of capital may escape direct supervision by the central bank, an industry source familiar with the Fed’s position said. Get the full story »
Dec. 10, 2010 at 5:42 p.m.
Filed under:
Policy,
Politics
By Associated Press
Bill Clinton implored Democrats to back the tax-cut deal that President Barack Obama negotiated with Republicans as the former president made a surprise appearance with Obama in the White House briefing room Friday — and later took over the podium.
Dec. 10, 2010 at 11:24 a.m.
Filed under:
Policy,
Politics,
Taxes
By Reuters
There could be more changes to the tentative tax agreement between President Barack Obama and congressional Republicans, the White House said Friday. Get the full story »
