Daily Archive : Tuesday August 9, 2011
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News
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O'Hare Airport buzzing over honey bees
The sweet smell of success is in the air at O'Hare International Airport with an unusual collaboration aimed at giving honeybees and their keepers a second chance. Twenty-three beehives were installed on a vacant piece of property on the airport's east side this spring.
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Police: Driver was throwing money before fatal crash
Witnesses of a weekend crash on Interstate 88 that killed two people said the driver of a Porsche that pulled a U-turn and headed into oncoming traffic Saturday night was throwing money from convertible sports car, police said.
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Mom admits to ramming son’s rival with her car
Timera Branch, a Streamwood mom accused of using her car to run down and kill a rival of her son in November 2009 in Elgin, tearfully admits on the witness stand that she hit John Keyes III but can't explain why. A judge will announce his verdict Thursday.
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How many civil union licenses have been issued in suburbs?
Since civil unions became legal in Illinois two months ago, 1,399 couples were issued licenses in Lake, Cook, DuPage, Kane and McHenry counties. The most were in Cook; the fewest were in McHenry.
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Former Waukegan hoops star charged with beating woman
Former Waukegan High School and University of Illinois basketball standout Jereme Richmond was charged Tuesday with beating a woman and threatening her with a gun.
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Interest may be slim in Fort Sheridan golf course
Given that it will cost an estimated $10 million with minimal annual return, it’s unlikely there will be any takers to build a 9-hole golf course at Fort Sheridan a consultant informed the Lake County Forest Preserve District.
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DuPage might pay regional superintendent’s salary
Despite a $100,000 pay cut from the state, DuPage County Regional Superintendent Darlene Ruscitti could see some of her salary restored. DuPage County Board members are considering paying a share of her salary.
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2 still hospitalized from Rolling Meadows fight
Two men remain hospitalized after Monday's early morning fight outside a Rolling Meadows apartment complex -- one with stab wounds and the other with a cracked skull, police said Tuesday.
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Foundation failure to blame in St. Charles building's partial collapse
Trucks and heavy automobiles are being asked to avoid Main and Second streets in St. Charles while structural engineers shore up a building in the area that was in danger of collapse, according to city officials.
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Role defined for Elgin budget task force
The 13 members of Elgin’s budget advisory task force met for the first time Tuesday evening to lay the foundation for their job ahead.
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Rollover crash snarls Elgin traffic, sends driver to hospital
Chicago Street was shut down in both directions for nearly an hour during rush hour Tuesday after a three-vehicle crash sent one person to the hospital.
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Schaumburg library to host blood drive
The Schaumburg Township District Library will host a blood drive for LifeSource from 12:30 to 6:30 p.m. Wednesday, Aug. 10 in the Youth Services Classroom of the central library at 130 S. Roselle Road in Schaumburg.
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ComEd will be at Rolling Meadows meeting
Rolling Meadows residents will have a chance to speak with representatives from ComEd at the city council committee meeting at 7:30 p.m. on Tuesday, Aug. 16.
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Schaumburg OKs Japanese business’s auditorium
Schaumburg trustees Tuesday approved an auditorium space for one of the village’s earliest Japanese companies and granted another six-month extension for a Cambria Suites hotel project.
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One dead, one charged in Lake Zurich heroin overdose
A Lake Zurich teen is in the Lake County jail after officials say he supplied heroin to an 18-year-old male who overdosed and died.
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New U of I chancellor familiar with funding woes
The woman taking over the top position at the University of Illinois’ flagship campus said Tuesday that she’s all too familiar with the type of funding crisis that the school has endured. New Chancellor Phyllis Wise said her time the University of Washington included deep cuts in state funding.
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Des Plaines manufacturer was also successful artist
Raider E. “Ray” Nelson owned a successful plastic fabrication company in Chicago, but it served a larger purpose: it provided a medium for his artwork. He achieved some fame for his Plexiglas sculptures -- one of which is in the Smithsonian's permanent collection. The Des Plaines man died Aug. 5 at 90.
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Buffalo Grove Fire Dept. cherishes flag from Afghanistan
The Buffalo Grove Fire Department was given a special gift Monday night -- a flag flown over a Marine base in Afghanistan in the fire department's honor.
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Ring allegedly stolen and swallowed reappears
Call it an anatomical stakeout.
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Schaumburg show spotlights dance, autism awareness
The Hanover Park-based Faubourg Theatre will present “Le Ballet Des Moments Saisis” at 7:30 p.m. Friday, Aug. 12 and 3 p.m. Sunday, Aug. 14 at the Prairie Center for the Arts, 201 Schaumburg Court in Schaumburg.
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Quinn says he’ll act on legislative scholarships
Gov. Pat Quinn says a legislative scholarship program that’s had “a cloud of scandal around it for decades” should be abolished. Quinn says he’ll take action by the end of the week on a bill that would set some limits on the program.
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Emanuel defends tax increase for Chicago schools
Chicago Mayor Rahm Emanuel is defending a property tax increase the Chicago Public Schools proposes because he says they’ve made substantial cuts.
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Hanover Twp. hosts Recycling Extravaganza Aug. 13
Hanover Township will host its second annual Recycling Extravaganza from 8 a.m. to 1 p.m. Saturday, Aug. 13 at the township campus, 250 S. Route 59, Bartlett. Vendors will be on-site collecting electronics, cellphones, car batteries, prescription drugs, eye glasses, clothing, fire extinguishers and many other items.
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Tom Cross at Schaumburg Township GOP event
Illinois House Republican Leader Tom Cross will join other guest speakers including state Sen. John Millner, state Rep. David Harris and Schaumburg Township Assessor John Lawson at the next monthly meeting of the Schaumburg Township Republican Organization at 8:30 a.m. Saturday, Aug. 20 at Chandler’s Chophouse, 401 N. Roselle Road in Schaumburg.
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Chicago Express gears up marketing effort
The Chicago Express, the minor league hockey team beginning play this fall at the Sears Centre, is gearing up it’s marketing effort, announcing $1 hot dog and beer specials at all Friday home games this season and a couple of preseason games Oct. 8-9 at the Florida Everblades in Estero, Fla.
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Palatine musical instrument shop Fix This! expands
Fix This! Musical Instrument Repair Inc. in Palatine is expanding its retail showroom and holding a grand opening gala to celebrate. Owner Bonnie Radecki Reidel said the public is invited to the ribbon cutting ceremony at 11 a.m. Tuesday, Aug. 16 at the retail shop, located next door to the repair space at 744 E. Northwest Hwy.
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Glen Ellyn group wants referendum on lights
Glen Ellyn residents opposing lights at a Glenbard West High School field say they’re circulating petitions to get a referendum on the ballot to poll the entire community.
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Woman shot by husband in Lake Villa Twp. expected to recover
A Lake Villa Township woman who was shot by her husband is expected to make a full recovery, Lake County Sheriff’s officials said Tuesday.
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Police reports
An Elgin woman reported fraudulent charges on her credit card Monday after realizing nine unauthorized transactions took place on July 26 at New York and Pennsylvania businesses, totaling almost $140, according to police reports.
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Emergency food, shelter grants:
Grant applications are being accepted until 2 p.m. Wednesday for federal Emergency Food and Shelter Programs.
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Free CPR program:
Countryside Fire District and the Vernon Hills Park District have partnered to provide “CPR in the Park” a free program from 9:30 to 11 a.m. on Saturday, Aug. 13
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Warrenville revises plans for tax hike
Warrenville still needs $1 million to fill a hole in its capital improvement budget, but city council members say they're listening to residents and making some revisions in how they plan to collect it.
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Wheaton parks to take on Hubble maintenance costs
Wheaton Park District may soon be on the hook for all utility and maintenance costs at the old Hubble Middle School after Wheaton Warrenville Unit District 200 OKs a change in the agreement that split the utility costs.
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Burns beckons GOP support in bid to become Kane chairman
Geneva Mayor Kevin Burns said he's the best qualified candidate to become Kane County Board chairman on Day 1 of the job. Burns becomes the first candidate officially in the race.
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Kaneland not a choice for District 129 students
The Kaneland school district has turned down West Aurora District 129's request to offer students at failing District 129 elementary schools the choice of attending Kaneland elementary schools, under the No Child Left Behind law.
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Free health fair:
The Community Action Partnership of Lake County’s Head Start program host its annual free health fair from 10 a.m. to 3 p.m. Wednesday, Aug. 24 at CAP Banquet & Meeting Center 1200 Glen Flora Avenue, Waukegan.
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Former Lake Zurich High teacher gets prison for child molesting
A former Lake Zurich High School teacher who admitted molesting two of his students was sentenced to two years in prison Tuesday.
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Dow soars 429 points on Fed statement
The Dow Jones industrial average surged more than 429 points, its tenth highest point gain in history and the biggest since March 2009. It was just one day after the Dow had its worst point decline since 2008.
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Glen Ellyn searching for public works director
Glen Ellyn officials have put out the word they’re looking for a new public works director. They've hired the same search firm that found their village manager.
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Durbin hears success stories from Elgin career center
Illinois Sen. Dick Durbin says more funding, not less, is needed for federal programs like the Workforce Investment Act, which helps unemployed and underemployed people return to the workplace. Durbin heard from constituents at the workNet Center in Elgin Tuesday who had successfully used the services to find a job or go back to school for more training.
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Judge sentences former Blagojevich trial witness
A federal judge chose not to send a cooperating witness in the prosecution of Rod Blagojevich to prison for his role in trying to shake down an asset management firm, sentencing the former fundraiser on Tuesday to three years of probation.
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Polygamist leader gets life in prison for assault
Polygamist leader Warren Jeffs recorded everything he said. Thousands of pages, written with Biblical flourish, about God wanting him to take 12-year-old wives. About those girls needing to sexually please him. About men he banished for not building his temple fast enough.
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Small businesses seek grant tips at Lisle ‘supermarket’
A 'federal grant supermarket' in Lisle gives small business owners and representatives of nonprofit groups a chance to learn about federal grants and programs that can help them navigate our treacherous economic waters.
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Buffalo Grove officials, residents attack ComEd performance
If ComEd officials found dealing with power outages challenging, they probably thought that was a walk in the park after dealing with the Buffalo Grove trustees and residents Monday night.
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AID Batavia Center clients tidy up downtown Batavia
Association for Individual Development clients from the Batavia Center cleaned up flower pots in the downtown area late Tuesday morning. The group has been taking care of about 18 flower pots three times a week, according to AID staff member Marvina Toweh.
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Glen Ellyn to study Lake Ellyn flooding
Glen Ellyn village and park officials will split the cost of a study to analyze conditions that allowed Lake Ellyn to overflow following storms in July 2010 and September 2008 and to prevent it from happening again.
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Quinn says legislative scholarships should end
Gov. Pat Quinn says a legislative scholarship program that's had "a cloud of scandal around it for decades" should be abolished.
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Police reports
A man’s wallet, containing $100, was stolen out of a vehicle in a Batavia parking lot in the 700 block of North Kirk Road, it was reported at 4:45 p.m. Monday, police said.
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Newsstand sales of US magazines down 9 percent
Sales of U.S. magazines at newsstands and other retail outlets fell 9 percent in the first six months of the year in a sign of readers trimming discretionary spending, according to figures from an industry trade group released Tuesday.
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Arlington Hts.’ 125th a reason to recall earlier times
Arlington Heights will celebrate the 125th anniversary of its incorporation as a village next year. And that stimulates much then-and-now discussion, such as when the streets were unpaved.
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Boy or girl? A simple test raises ethical concerns
Boy or girl? A simple blood test in mothers-to-be can answer that question with surprising accuracy at about seven weeks, a research analysis has found.
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Barrington area kids learn folkloric dance
Parents were delighted on July 29 when their children in the Barrington Youth & Family Services’ six-week Summer Folkloric Dance Program held their end-of-summer recital with a triumphant show of folkloric dances.
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Bikers ride in Palatine’s Shelter Inc. fundraiser
Bikers take to the roads to help raise funds for Palatine's Shelter Inc. second annual Shelter-A-Child Motorcycle Run on Sunday, July 31.
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Hoffman’s last summer concert features Motown group
The Hoffman Estates Arts Commission and the Hoffman Estates Park District welcome Soul Cookin’ to the Village Green at 7 p.m. Thursday, Aug. 11, the last performance of the “Summer Sounds on the Green” concert series.
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Wood Dale Prairie Fest vendor list
This year the Wood Dale Prairie Fest is back and better than ever. With more carnival rides and a larger number of musical performances, the annual fest is the perfect way to round out summer in the suburbs.
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Wood Dale Prairie Fest
This year the Wood Dale Prairie Fest is back and better than ever. With more carnival rides and a larger number of musical performances, the annual fest is the perfect way to round out summer in the suburbs.
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Wood Dale Prairie Fest offers more rides, bigger bands
With more carnival rides and a larger number of musical performances, Wood Dale's Prairie Fest offers a weekend of fun to round out summer in the suburbs.
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Aurora park improvements planned
Bluff Street Park on Aurora’s southeast side will undergo renovations this fall including a new playground, a new ball field backstop, a refurbished half basketball court and improvements to sidewalks and the stairs at the park’s southwest corner.
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Ill. inmate loses quest to have 'Satanic Bible'
A federal judge says an Illinois prison inmate doesn't have a right to "The Satanic Bible" behind bars.
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Judge sentences former Blagojevich trial witness
A Chicago federal judge has decided not to send a cooperating witness in the prosecution of former Illinois Gov. Rod Blagojevich to prison for his role in trying to shake down a business.
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British police face public anger as riots rage
Britain began flooding London’s streets with 16,000 police officers Tuesday, nearly tripling their presence as the nation feared its worst rioting in a generation would stretch into a fourth night.
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O’Hare among worst for long delays
More than a dozen planes sat on the tarmac for more than three hours in June, the government said Tuesday. And O'Hare International Airport was among the leaders in delayed flights.
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Extreme summer weather affecting Illinois crops
The extreme weather Illinois experienced this summer, from inches and inches of rain to blistering high temperatures, has affected crop yields, agriculture experts said.
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Arlington Heights native was always Broadway bound
Former Arlington Heights resident Karen Mason has been acting ever since she was a child, putting on performances with her sister in their parents' living room. The applause these days is coming from a way bigger crowd — most recently on Broadway as the Queen of Hearts in “Wonderland.”
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Law to bring back Illinois doctor database
Patients will be able go online to look up information on Illinois doctors, including judgments and settlements in malpractice lawsuits, because of a law signed Tuesday.
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Former White House event planner offers networking tips
Former White House Director of Events and Special Assistant to President Bill Clinton Laura Schwartz spoke to the Schaumburg Business Association Tuesday morning about the networking power of social events.
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Batavia getting new restaurant
Restaurateur Jon With has plans on opening a new restaurant in Batavia in the space formerly occuped by Ona's on the Avenue.
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Age no barrier at Harper fitness program
Sam and Bess Greco get up with the roosters every day and head for the gym at Harper College, where the 90- and 85-year-olds credit their daily workouts for their exceptional physical and mental health.
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Police: Barrington Quiznos bandits were professionals
Two bandits armed with tools managed to steal about $2,600 from a Quiznos Sub Shop in Barrington after they broke in and spent about 30 minutes opening up a safe, a cash register, and dragging a second safe outside.
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US scolds Israel over new construction plans
The Obama administration says it is "deeply concerned" by Israeli approval of new housing construction in disputed east Jerusalem.
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Two Wheaton teens jailed on burglary charges
Two Wheaton teens charged with burglary were being held Tuesday in DuPage County jail on $100,000 bails. Jatez Billips, 19, and Victoria Covington, 18, are accused of burglarizing the home of one of Billip’s neighbors on the 1300 block of Woodcutter Lane.
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Retired officer on trial for theft from 9-11 fund
A retired high-ranking naval officer honored for his valor during the Sept. 11 attacks on the Pentagon is being tried for a third time on allegations he exaggerated his injuries to get money from the victims compensation fund.
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Ill. can seize abandoned paychecks after 1 year
Forgotten money could be put to work for taxpayers much more quickly under a new Illinois law.
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Mettawa's first administrator declines contract
The first village administrator in tiny Mettawa's 50-plus year history has decided not to renew her contract. Deb Waszak, a Libertyville resident, was hired a year ago to assist with day to day operation and big picture issues.
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Volunteer to bring Trail of History to life
McHenry County Conservation District is looking for fun and energetic volunteers to make the “Trail of History” come to life Oct. 15-16.
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Neil Diamond tribute comes to St. Charles
Fox Valley Repertory invites you to spend an evening with Denny Diamond, Chicago’s favorite Neil Diamond Tribute on Saturday, Aug. 13 at the Pheasant Run Resort Mainstage, 4051 E. Main St., St. Charles.
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State Farm to monitor some drivers, adjust rates
State Farm Insurance plans to give its Illinois customers a chance to lower — or raise — their rates depending on their driving habits.
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Recall elections to determine Wisconsin Senate control
Wisconsin Democrats, fueled by millions of dollars in spending by national unions and other outside groups, are hoping to wrest control of the state Senate away from Republicans through six recall elections Tuesday that stemmed from anger over Gov. Scott Walker's collective bargaining proposal.
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Missing NJ teen might be headed to Chicago
Police say a missing New Jersey girl might be headed to Chicago with a former boyfriend.
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Shred documents in Elk Grove Village
Need to shred sensitive documents? On Saturday, Aug. 13, the Solid Waste Agency of Northern Cook County will host a document destruction event. The event will be from 9-11 a.m. at Elk Grove village hall, 901 Wellington Ave. There is no cost to attend.
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Carpentersville’s classic car show rescheduled
Humberto Garcia, the organizer of the Carpentersville antique car show that recently got rained out, said the show will now be held during the village’s celebration of Oktoberfest from 9 a.m. to 3 p.m. Oct. 16 in the Otto Engineering parking lot at Lincoln Avenue and Main Street, according to columnist Lenore Adkins.
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Man accused of slashing tires at VFW hall
A southwestern Illinois man is jailed on charges that accuse him of slashing tires at a Veterans of Foreign Wars hall after he became upset after spending his rent money there.
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Dahmer survivor enters plea in man's death
The man who led police to serial killer Jeffrey Dahmer 20 years ago has pleaded not guilty to throwing a man off a bridge into the Milwaukee River.
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Troops killed in Afghan crash coming home today
Troops killed in the deadliest day of the Afghan war are coming home today — traveling in death much the same way they did in life — shrouded in secrecy.
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Knoxville boy competes in drag races
Most kids grow up playing sports their father taught them, but very few participate in the sport Knoxville's Zach Lewis does — especially at his age.
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New workers' comp reform linked to trooper crash
Illinois state employees injured while committing crimes no longer will be able to get workers' compensation under a new law signed by Gov. Pat Quinn.
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Glen Ellyn youth group find trip to Rwanda a life-changing experience
A dozen teens and adults from Glen Ellyn's Faith Lutheran Church came away from a visit to Rwanda with a new appreciation for the East African country. "It's incomprehensible to me how they could have so much joy in their lives when they have every reason not to," says high school student Emily Gorz.
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Illinois' last manned rail tower torn down
The last manned railroad control tower in Illinois and one of the last in the country has been torn down.
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Secretary braves needle fear to plan Lombard blood drives
Lombard secretary Carol Bauer is afraid of needles. But her efforts to plan Lombard's community blood drives over the past 20 years recently won her recognition from the American Red Cross of Greater Chicago.
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Little Angels in Elgin find fun way to cool off
Local Barrington Hills resident Charles Helfrick paid a visit to Little Angels on Wednesday in his restored fire truck with lights and sirens blazing. Little Angels residents and staff enjoyed the exuberant entrance and the refreshing shower from the fire hose.
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Like humans, some ocean creatures need to breathe air
What comes around goes around. Fish stepped onto land about 230 million years ago and became the first animals. The whale’s ancestor, Pakicetus, a 45-million-year-old crocodile-like mammal, walked off the land and entered the sea, becoming the first link in the Cetacea order that would eventually evolve into one of the world’s largest mammals.
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Gurnee Days begins its four-day run Aug. 11
Gurnee Days returns for another four-day stint with this year’s medieval theme. Most of the Gurnee Days action will be at Viking Park, 4374 Old Grand Ave., just east of O’Plaine Road. It features bands, Gurnee Idol, food and a parade.
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Lincolnshire Art Festival draws a variety of artists
The annual Lincolnshire Art Festival, Aug. 13-14 at the Village Green shopping center, features the work of approximately 150 artists working in various mediums. The juried festival is free to attend.
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Lambs Farm gets groovy with ’60s theme celebration
Lambs Farm celebrates 50th anniversary with a community celebration that features a ‘60s theme.
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Ill. to begin seizing abandoned cash after 1 year
Forgotten bank accounts could be put to work for taxpayers much more quickly under a new Illinois law.
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Field Museum to host exhibit on 9/11 attacks
Chicago's Field Museum is planning an exhibit designed to mark the 10th anniversary of the 9/11 terrorist attacks.
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Study to examine if Vitamin D can aid asthma care
Researchers in Chicago want asthma patients for a study on whether vitamin D pills can make inhaled steroids work better.
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Cook County officials unveil budget website
Think you can balance the $3.1 billion budget of one of the nation's biggest counties? Here's your chance.
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U of Ill. studies stress on firefighters
Researchers at the University of Illinois say they're learning more about the toll the high stress work of firefighting can take on the human heart.
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University donates new ambulance to Evanston
The mayor of Evanston has announced that Northwestern University is donating a new ambulance to the city.
Sports
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Rolling Meadows’ Eric Lowe big on Villanova
Rolling Meadows senior-to-be shortstop Eric Lowe got a quick pitch from Villanova and accepted a scholarship offer to play baseball at the Big East Conference school.
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White Sox’ winning streak at season-high 5 games
Brent Morel and Carlos Quentin helped the White Sox win their fifth straight game Tuesday night, a season high. The Sox' pitching has been solid throughout the surge and that trend continued in a 4-3 victory at Baltimore.
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Wang throws 6 scoreless innings in Nationals win over Cubs
Chien-Ming Wang allowed one hit over six scoreless innings, Jonny Gomes hit a two-run homer and the Washington Nationals beat the Chicago Cubs 3-1 on Tuesday night.
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Cubs’ Garza effective, but he’s still losing
Matt Garza is quite the different pitcher from what he was with the Tampa Bay Rays. The Cubs right-hander has gone away from his fastball and to his slider and changeup more as he adjusts to Wrigley Field and the National League.
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Warren Wave 15U 2nd in World Series
The Warren Wave 15U travel softball team made another splash. The Wave placed second at the USSSA 15U World Series in Des Moines, Iowa, last Saturday. Last summer, the team won the ASA Nationals at the 14U level in Terre Haute, Ind.
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Kane County Cougars split doubleheader
The Kane County Cougars and Wisconsin Timber Rattlers each tossed a shutout on Tuesday, splitting a doubleheader and a four-game series at Elfstrom Stadium in Geneva.
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Cape Blanco, Gio Ponti head Arlington Million field
It’s showdown time in the Arlington Million. Cape Blanco vs. Gio Ponti: they meet again. The last time these two met in early July was in the Grade I Man o’ War at Belmont Park, where Cape Blanco held off a closing Gio Ponti for the victory.
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Charles leads Sun over Sky
Tina Charles joined some elite company Tuesday night. Charles tied a WNBA record with her seventh straight double-double as the Connecticut Sun defeated the Chicago Sky 69-58.
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Nationals beat Cubs in makeup decision, too
The Cubs had hoped to make up Monday's rainout with a day-night doubleheader Wednesday, preserving a scheduled off-day Thursday. But the players association stepped in and sided with the Washington Nationals, who preferred a Thursday afternoon makeup.
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White Sox hold off Orioles
Brent Morel homered and drove in two runs, Carlos Quentin also connected, and the Chicago White Sox beat the Baltimore Orioles 4-3 Tuesday night for their season-high fifth straight victory.
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Big day ahead for former Bulls center Gilmore
As he prepares to enter the Naismith Memorial Basketball Hall of Fame on Friday night with Dennis Rodman and Tex Winter, Artis Gilmore knows his years with the Bulls could have gone a lot better. Despite two playoff runs, it was mostly a down period for the franchise.
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NU lands highly rated basketball player Kale Abrahamson
Northwestern basketball coach Bill Carmody received his second Class of 2012 commitment in five days when West Des Moines sharpshooter Kale Abrahamson pledged to the Wildcats on Tuesday.
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Bears’ Garza accepts new role, more leadership
If and when the Chicago Bears decide to move Roberto Garza from center back to his old spot at right guard, the 11-year veteran likely will retain the leadership role that Olin Kreutz handled for so long.
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Okoye, Bears a good match
Former first-round draft pick Amobi Okoye is hoping to fit in better as a defensive tackle with the Bears than he did with his previous team, the Houston Texans.
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Strong field for 81st Illinois Amateur in Glen Ellyn
Although the defending champion, Vince India of Deerfield, isn't playing in the 81st Illinois Amateur golf tourney at Glen Oak Country Club in Glen Ellyn, the field is deep with past champions and solid contenders.
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South Elgin’s Smith to Loyola
The recruiting trail has come to an end for one of the Fox Valley’s most prodigious scorers in girls basketball history. Becca Smith, South Elgin’s 5-foot-9 senior guard, has verbally committed to play her college basketball at Loyola University in Chicago.
Business
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CHICAGO (AP) — Quinn uses veto power to propose ending lawmakers' power to award college scholarships
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Des Plaines-based UOP selected for refinery expansion
Des Plaines-based UOP, a Honeywell company, announced Tuesday that Oman Oil Refineries and Petroleum Industries has selected UOP/Foster Wheeler technology to help process heavy oil and expand fuel and petrochemicals production at a refinery in Sohar, Oman.
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NJ extends deadline for sale of Borgata stake
ATLANTIC CTY, N.J. — MGM Resorts International has been granted another year and a half to sell its 50 percent stake in Atlantic City’s Borgata Hotel Casino & Spa.New Jersey’s Casino Control Commission granted approval Monday with the support of the state’s Division of Gaming Enforcement.The planned sale came about because New Jersey regulators found that MGM’s business partner in a casino in the Chinese enclave of Macau is “unsuitable” because of her father’s reputed connection to Asian organized crime.MGM decided it would rather sell its piece of the Borgata than cute ties with Pansy Ho, whose father, Stanly Ho, denies any ties to gangs.The Borgata’s other owner, Boyd Gaming, has passed on buying MGM’s half.The deadline for a deal is now March 24, 2013.
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Tyson 3Q profits drop 21 percent
SPRINGDALE, Ark. -- Tyson Foods Inc. said Monday that its profit fell 21 percent for its third fiscal quarter as higher grain costs offset rising sales.Expensive grain has wiped out profit margins for meat companies because weak consumer demand kept them from raising prices. But a slowly improving economy allowed meat producers pass on their higher costs this year. The largest U.S. meat company said its net income fell to $196 million, or 51 cents per share, in the three months ended July 2, down from $248 million, or 65 cents per share, a year earlier.Revenue rose 11 percent to $8.25 billion from $7.44 billion a year ago.The earnings beat the average forecast from analysts surveyed by FactSet of 40 cents per share on $8.27 billion in revenue.Tyson said pork prices rose 9 percent, beef prices rose 13.5 percent and chicken prices rose 10 percent in the most recent quarter alone.Still, chicken sales remained stagnant, growing less than 1 percent from last year. Pork sales jumped 3 percent, and the higher pork prices boosted profit margins in the swine division to 8.8 percent, compared to 1 percent for chicken.CEO Donnie Smith said the company expects the chicken business to be hindered by oversupply through the end of the year, with the chicken division posting a loss during the fourth quarter. Its shares slipped a penny to $16.30 in premarket trading.
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Emanuel: Chase to create 400 jobs in Chicago
Mayor Rahm Emanuel says J.P. Morgan Chase is opening four new branches in Chicago and that will mean 400 new jobs in the city by the end of next year.
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Disney 3Q beats Street on ESPN, theme parks growth
The Walt Disney Co. said Tuesday that its net income in the latest quarter rose 11 percent as growth at ESPN, its theme parks and consumer products businesses outweighed lackluster performance at its movie studio and interactive unit.
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US credit downgrade causes uncertainty in Ill.
The downgrade in the nation's credit rating has some Illinois financial officials bracing for a negative impact on the state.
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Nielsen buys Marketing Analytics
Nielsen Holdings N.V. said Tuesday it acquired Marketing Analytics Inc. for an undisclosed sum.
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Treasury rates sink after Fed statement
Long-term interest rates sank near record lows Tuesday after the Federal Reserve said economic growth is "considerably slower."
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Dow rallies after Fed statement, up 429 points
Stocks are rising at the closing of trading after the Federal Reserve said it has discussed policy moves it can make to spur the economy. The Fed also said growth has been slower than expected.
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Apple passes Exxon as most valuable US company
Apple briefly surpassed Exxon Mobil as the most valuable company in the U.S. Tuesday afternoon before settling back slightly lower.
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Motorola Mobiity is ‘completely open' to using Windows
Motorola Mobility Holdings Inc., maker of the Droid smartphone, “is completely open” to using Microsoft Corp.'s Windows software as an operating system even as it's focused on Google Inc.'s Android.
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Crowe Howath hirings in Oak Brook, Chicago
Crowe Horwath LLP, one of the largest public accounting and consulting firms in the U.S., has hired the following individuals in its Oak Brook and Chicago offices: OAK BROOK: Lisa Mrzlack, Staff, Risk Consulting; Thomas Hagenberg, Staff, Risk Consulting; Jennifer Glawe, Manager, People Services; Christopher Behof, Staff, Audit and Financial Advisory; Glendon Haney, Staff, Audit and Financial Advisory; Mark Bellich, Staff, Audit and Financial Advisory; Mary Carlson, Manager, Tax; Brenda Mast, Manager, Performance; Brian Baio, Staff, Audit and Financial Advisory; Maureen Wheeler, Senior Staff, Audit and Financial Advisory; Mark Romis, Staff, Audit and Financial Advisory; Tracy Delgado, Senior Staff, Performance. CHICAGO: Brandon Black, Staff, Performance; Tierra Lemon, Staff, Audit and Financial Advisory; Thomas Reznicek, Manager, Performance.
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Elgin’s Middleby acquires Auto-Bake
The Middleby Corp. recently announced the acquisition of Auto-Bake, an Australian manufacturer of automated baking systems for the food processing industry.
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Apollo Global shares slip on 2Q net loss
Investment company Apollo Global Management LLC said Tuesday its net loss improved from a year ago as revenue soared from interest income and a 14 percent increase in management fees.
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State to begin seizing abandoned cash after 1 year
If you've lost track of money you have in your many bank accounts, you've got a year to claim it. And don't expect to get the interest on that money. Under a new law signed by Gov. Quinn Monday, the state keeps interest on abandoned accounts and property.
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Plunge on Wall Street threatens to spook consumers
It's the last thing a nervous consumer and a fragile economy needed: a confidence-killing nosedive on Wall Street.
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When do you hand your teen the car keys?
A recent national survey from Northbrook-based Allstate Insurance reveals that nearly six in 10 Americans favor a federal law that establishes minimum requirements for state graduated driver licensing (GDL). Survey results show that support for a national law corresponds with low opinions about teen driving skills, which received the lowest ranking among all ages surveyed.Currently, the Safe Teen and Novice Driver Uniform Protection (STANDUP) Act is pending in Congress as part of the Motor Vehicle and Highway Safety Improvement Act of 2011 (MVHSIA) or Mariah’s Law, named after an Arkansas teen killed in a crash involving texting. STANDUP calls for uniform standards that restrict nighttime driving, limits the number of passengers in a teen’s car, prohibits the use of cell phones while driving, and issues permits and licenses with specific age requirements and through a gradual, multi-phased process.When asked about the specific provisions included in the STANDUP Act, Americans are solidly in favor of the policies. Key findings include:-- Seventy-six percent back a minimum age of 16 to receive a learner’s permit, and 69 percent favor requiring three stages of licensing.-- Seven in 10 Americans favor restricting unsupervised nighttime driving for those under age 18, and 65 percent support restricting the number of non-family passengers for drivers under 18.-- When asked about the prohibition of cell phones or texting while driving for younger drivers, 81 percent are in favor.-- Support for STANDUP and its individual provisions crosses all age groups, geographic regions, and political affiliation.The survey also shows that American drivers are highly critical of teenage drivers, giving them the lowest rating of all age groups. Eighty-one percent rate teenagers as “average” or “poor” drivers.“Results from this survey show that Americans clearly understand that GDL laws can help save lives, and that a majority of them support a legislative solution that safely introduces teen drivers to the road,” said Bill Vainisi, senior vice president and deputy general counsel, Allstate. “What’s needed now is national leadership in the form of uniform standards for those GDL laws.”About the SurveyThe survey of 1,000 American adults was conducted July 13, 14, 16 and 17 via landline and cell phone and has a margin of error of +/- 3.1 percent. Of the 1,000 adults, the survey identified 848 drivers who hold a license and drive at least occasionally. The survey was conducted by Financial Dynamics (FD) for Allstate.
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Cablevision profit trails estimates after subscribers flee
Cablevision Systems Corp., the fifth- largest U.S. cable provider, reported profit that missed analysts’ estimates after subscribers defected to rivals or abandoned pay-TV amid a sluggish economy. The stock slumped.Net income rose to $87.8 million, or 31 cents a share, from $60.9 million, or 20 cents, a year earlier, the Bethpage, New York-based company said today in a statement. Analysts predicted earnings, excluding some costs, of 40 cents a share, the average of estimates compiled by Bloomberg.Cablevision competes in about 40 percent of its coverage area with Verizon Communications Inc. for television, phone and Internet subscribers, according to John Tinker, an analyst at Maxim Group LLC in New York. Promotions from Verizon in the quarter, including an offer for a free DVR for life, and a weak housing market may have caused more defections from Cablevision.“Verizon is becoming very aggressive on the promotional side,” Tinker said. “We’re in a tougher economic environment and competition is biting.”The company lost 23,000 video customers, after gaining 75,900 a year earlier. Jason Bazinet, an analyst at Citigroup Inc., had estimated the total number would be little changed. Total customers, which include Internet and phone subscribers, fell 17,000 from a year ago, including additions from Bresnan Communications LLC, which Cablevision acquired last year.Cablevision slid $2.11, or 11 percent, to $17.41 in New York Stock Exchange composite trading at 9:55 a.m., after falling as low as $17.32 for the biggest intraday drop since May 2010. It had declined 18 percent this year before today.Cord-CuttingBroadband subscribers grew by 5,000 in the quarter, missing analysts’ average estimate of 23,000, according to Marci Ryvicker, an analyst at Wells Fargo & Co. in New York.Cablevision joins other cable providers in reporting subscriber losses amid a sluggish economy and competition from online-video rivals such as Netflix Inc. and Hulu LLC. Time Warner Cable Inc. lost 130,000 residential video subscribers in the second quarter and Comcast Corp. dropped 238,000.Sales of new U.S. homes unexpectedly declined in June as job growth has slowed. Purchases dropped 1 percent to a 312,000 annual pace, a three-month low, according to Commerce Department statistics last month. The U.S. economy grew at a 1.3 percent pace in April-June following revised growth of 0.4 percent in the first three months of the year that was slower than previously estimated.Sales at Cablevision rose 9.1 percent to $1.69 billion. The majority of Cablevision’s cable assets are located around New York, although the Bresnan acquisition added networks in Colorado, Montana, Wyoming and Utah.Excluding AMC Networks Inc., which Cablevision spun off June 30, profit from continuing operations was 24 cents, trailing the estimate of Richard Tullo, an analyst at Albert Fried & Co. in New York, by two cents.“I think the cable companies aren’t aggressively going after clients because of credit concerns,” said Tullo, who has a “market perform” rating on shares.
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Twitter investigated in London ‘mass disorder’
BlackBerry smartphone maker Research in Motion Ltd. said it is assisting London police with investigating the use of the company’s messaging service by rioters to plan disturbances, as they prepare for another night of “mass disorder.”“Police have got very extensive monitoring of the Blackberry Messenger model,” Stephen Kavanagh, deputy assistant commissioner of London’s Metropolitan Police, told reporters today. “A lot of people who are seeing those messages are forwarding them to police” who are “planning for mass disorder again tonight.”David Lammy, the U.K.’s intellectual-property minister, today called for a suspension of BlackBerry service to prevent its use among rioters to communicate plans, according to a statement from his office. Kavanagh has said technology is being used to organize people and undermine the police, who must adapt their policing style to deal with it.The riots and looting throughout the city, which began Saturday following a protest over the shooting and killing of Tottenham resident Mark Duggan by police, have resulted in dozens of officers being injured and at least 525 arrests, with people as young as 11 being apprehended for looting. After a third night of violence, police will also review the role of messages sent using other popular networking systems, including Twitter Inc.Research in Motion, based in Waterloo, Ontario, posted a message on its official U.K. Twitter account last night saying, “We feel for those impacted by the riots in London. We have engaged with the authorities to assist in any way we can.”BlackBerry messenger is “significantly less encrypted compared to the BlackBerry e-mail that corporations are using,” said Leif-Olof Wallin, an analyst at Gartner Inc., based in Sweden. “Any kind of cryptographer should be able to crack it without the involvement of RIM to be honest.”Social media have been used to coordinate demonstrations against Middle Eastern regimes, campaign for Saudi women’s right to drive and for lower prices for cottage cheese in Israel. In the U.K., the use of Twitter and mobile phones by troublemakers, may help authorities identify them and restore calm in the capital, Steve O’Connell, a member of the Metropolitan Police Authority, said by telephone yesterday.“I would expect the Met to use every technology available to get it sorted out, make the arrests, and bring peace back to our neighborhoods,” O’Connell said yesterday. “The bad guys were using these sites to target areas quickly. Small bands of ne’er-do-wells were descending on high-quality stores to loot.”Twitter spokeswoman Rachel Bremer declined to comment. The San Francisco-based company’s policy is to require a subpoena or court order before giving law enforcement private information about users, according to guidelines on its website.U.K. prime minister David Cameron, home secretary Theresa May and London mayor Boris Johnson cut short vacations to hold emergency meetings with police.Cameron told reporters today that 16,000 officers will be deployed tonight, more arrests made and court processes sped up to deal with the cases. Parliament is being recalled for an Aug. 11 session on the riots.Last night police used “armored vehicles driving at speed toward people,” to help disperse rioters, Kavanagh said, a tactic the department had never used before. Commanders can also decide to use rubber bullets, an option that has been available throughout the rioting, he said.‘Opportunistic Theft’Deputy Prime Minister Nick Clegg said yesterday the violence had nothing to do with the death of Duggan.“It was needless, opportunistic theft and violence -- nothing more, nothing less -- and it is completely unacceptable, and the people who have suffered are those who have lost their businesses, shopkeepers who have lost their shops,” he said.The Independent Police Complaints Commission is investigating the shooting of Duggan.
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Mexico auto production increased 16.4% in July from year ago
Mexican production of cars and light trucks rose to 209, 534 units in July, a 16.4 percent increase from the same month a year earlier, the nation’s Automobile Industry Association, known as AMIA, said.Exports of vehicles rose 23.9 percent last month to 177,843 units, the group said today in a statement distributed in Mexico City.Domestic sales increase 10.6 percent to 68,533 vehicles, according to the nation’s car dealership association, or AMDA.To contact the reporter on this story: Adriana Lopez Caraveo in Mexico City at adrianalopezbloomberg.net
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FCC to consider bids for T-Mobile and Qualcomm airwaves
The Federal Communications Commission said it would judge AT&T Inc.’s proposed purchase of airwaves from Qualcomm Inc. together with the carrier’s bid to acquire T- Mobile USA Inc.The agency’s reviews are to be conducted “in a coordinated manner,” the FCC said in an Aug. 8 letter to AT&T and Qualcomm. The decision is “without prejudice to independent treatment at a later date,” the agency said.AT&T in December agreed to pay $1.93 billion for airwaves covering 300 million people from chipmaker Qualcomm, which acquired the spectrum in federal auctions from 2003 through 2008 for a mobile-television service it has closed.AT&T in March proposed buying Deutsche Telekom AG’s T- Mobile in a $39 billion deal that would join the second- and fourth-largest wireless carriers. The transaction needs approval from the FCC and the Justice Department.
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AirAsia, Malaysia Airlines form partnership
KUALA LUMPUR, Malaysia ( — Budget carrier AirAsia and state-owned Malaysia Airlines have formed an alliance under a share swap deal to end their long rivalry and boost business.Tune Air, the parent of AirAsia, and government investment arm Khazanah signed an agreement Tuesday to exchange shares. This will see Tune hold a 20.5 percent stake in Malaysia Airlines, while Khazanah gets a 10 percent stake in AirAsia.Analysts say the deal will curtail competition and help turn around the struggling state carrier and improve AirAsia’s access to lucrative international routes.However, some opposition lawmakers fear it will create a monopoly.
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Beazer 3Q loss widens, closes on fewer homes
NEW YORK — Beazer Homes USA Inc. said Tuesday that its fiscal third-quarter loss widened as the homebuilder closed on fewer homes and incurred some charges.Homebuilders are a bellwether for the housing market and the economy. While new homes represent less than one-fifth of the total housing market, they have an outsize impact on the economy. Each new home creates an average of three jobs and $90,000 in taxes, according to the National Association of Home Builders.Beazer, whose CEO was ousted in June, posted a net loss of $59.1 million, or 80 cents a share, in the three months ended June 30. That compares with a loss of $27.8 million, or 41 cents a share, a year ago.Beazer’s loss from continuing operations was $55.8 million, or 75 cents per share, which included $16 million in pre-tax charges.Analysts polled by FactSet expected a smaller loss of 46 cents a share.Revenue tumbled 49 percent to $172.8 million from $321.8 million, falling well short of Wall Street’s estimate of $230.2 million.The quarter includes the end of the spring home-selling season, traditionally the peak time of year for home sales.But high unemployment, larger down-payment requirements and tougher lending standards are preventing many people from buying homes. And some potential buyers who can clear those hurdles are holding off, worried that home prices have yet to bottom out.Atlanta-based Beazer says its total home closings slid 49 percent to 791 homes because there was a lower backlog of homes at the quarter’s start and no homebuyer’s tax credit to lure potential buyersHomebuilders got an assist last spring from federal tax credits that helped spur sales before they expired at the end of April 2010. . New orders rose 23.7 percent as gross new orders climbed and the cancellation rate fell to 24.3 percent from 29.3 percent.“I’m pleased with our sales efforts during the third quarter. Our sales team was able to overcome significant headwinds in both the economy and the housing market to record substantially improved orders,” President and CEO Allan Merrill said in a statement.Merrill took over the CEO post from Ian McCarthy, who was fired about three months after he agreed to give back $6.5 million in bonuses and profits from the sale of company stock in a deal with federal regulators. The executive had accrued those gains at a time when investigators said Beazer was committing accounting fraud.The Atlanta company’s backlog grew to 1,848 homes from 1,175 homes a year earlier.Beazer is one of the nation’s 10 largest builders of single-family homes and has operations in 16 states.
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AOL posts smaller 2Q net loss
NEW YORK — Internet company AOL is reporting a smaller net loss for the second quarter even though revenue fell, because last year’s quarter was weighed down by a huge accounting charge.AOL Inc. said Tuesday that it lost $11.8 million, or 11 cents per share, in the three months that ended June 30. A year ago it lost $1.06 billion, or $9.89 per share. That was due largely to a write-downs of $1.41 billion for the declining value of its assets and the sale of social networking site Bebo.AOL says its revenue fell 8 percent to $542.2 million from $592.2 million. Analysts had expected lower revenue of $535.1 million. Advertising revenue grew 5 percent to $319 million, helped by AOL’s acquisition of Huffington Post.
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Trichet sees markets in worst crisis since WWII
The head of the European Central Bank on Tuesday defended his institution’s decision to help stabilize the bonds of Spain and Italy, but indicated that the ECB doesn’t see itself as the eurozone’s lead firefighter for long.“It is the worst crisis since World War II and it could have been the worst crisis since World War I if leaders hadn’t taken the important decisions,” ECB President Jean-Claude Trichet said in an interview with French radio station Europe.Trichet didn’t directly confirm that the ECB has been buying up the bonds of Italy and Spain, saying only that his banks “is in the secondary market” for eurozone bonds and that it would release the amounts invested on Monday, as it does every week.Yet the markets on Tuesday again showed clearly that the ECB was buying up the debt of the eurozone’s third and fourth largest economies.The yield, or interest rate, on Spanish 10-year bonds dropped below 5 percent, after approaching 6.5 percent just a week ago. The yield on Italian equivalents was at 5.1 percent, also more than 1 percentage point below where it was Monday morning before the ECB intervention.The ECB head also indicated that his bank still sees the main responsibility for fighting the debt crisis with eurozone governments and not the central bank.“I won’t say” how long the ECB will buy bonds on the secondary market, Trichet said. “What we expect is that the governments do what we consider to be their job.”He said eurozone countries needed to implement recently taken decisions to allow their bailout fund to buy government bonds on the open market “as rapidly as possible.”Italy and Spain, meanwhile, have to deliver on their promises to cut their budgets as the central bank has demanded, Trichet said.Despite the ECB’s reluctance to take a central role in fighting the debt crisis, analysts have warned that it may not be easy for the bank to halt its bond-buying program once the eurozone bailout fund has been equipped with its new powers.They caution that the (euro) 440 billion European Financial Stability Facility does not have enough money to intervene effectively on secondary markets to help large countries like Italy and Spain, and that divisions among countries, which all have to sign off on intervention, could delay any necessary action.
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Waterway operators meet on Asian carp
More than a dozen waterway operators met with the new U.S. Army Corps of Engineers commander in Chicago to express concern the migration of Asian carp could force a closure of area locks.Other states around the Great Lakes have urged authorities to close the locks to ensure the carp can't get into Lake Michigan, which would devastate the region's fishing industry.At Monday's gathering in Lemont, U.S. Rep. Judy Biggert told attendees the push by some to shut down the locks was a "misguided and scientifically flawed effort to stop the fish."Biggert added that tests indicate electric barriers and other preventative measures are keeping Asian carp in Illinois from entering Lake Michigan.The new Chicago commander of the Army corps of engineers is Col. Frederic Drummond Jr.
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Quinn expands economic development in Quad Cities
The Quad Cities Regional Economic Development Authority is getting bigger.
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OSHA cites Illinois company over trench safety
The U.S. Occupational Safety and Health Administration has cited an Oregon, Ill., excavating company for allegedly failing to protect workers from trench cave-ins.The agency says a May inspection found one willful and three serious safety violations at a Forreston work site where Martin & Company Excavating was installing a water line in a trench.OSHA has proposed a $69,300 fine.The agency says the alleged willful violation occurred when a damaged water line flooded the trench, which didn't have cave-in protection even though workers were installing a water line about 8 feet below grade.OSHA standards mandate that all excavations 5 feet or deeper be protected against collapse.The company may contest the citations and proposed penalties.
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Libertyville considers settlement for former grocery site
A settlement regarding the site of a failed grocery store planned for Milwaukee Avenue in Libertyville could end the village's involvement in what has become a classic `What if?' scenario.
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Sara Lee selling unit to Ralcorp for $545M
Downers Grove-based Sara Lee is selling its North American refrigerated dough business to a Ralcorp for $545 million.
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Dish Network 2Q profit rises, subscribers fall
Dish Network Corp.'s second-quarter net income climbed 30 percent, but its net subscribers declined partly because of rival's discounts.
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Oil tumbles below $80 amid U.S. recession fears
PARIS — Oil prices tumbled to their lowest in almost a year Tuesday in Europe amid a global sell-off of equities and commodities triggered by investor fears the U.S. will soon fall into recession.Benchmark oil for September delivery was down $2.12 to $79.19 a barrel in early afternoon time in Europe in electronic trading on the New York Mercantile Exchange. Earlier in the session, the contract fell to $78.09, the lowest since September 2010. Crude fell $5.57, or 6.4 percent, to settle at $81.31 on Monday.In London, Brent crude was down $2.05 at $101.69 per barrel on the ICE Futures exchange.A downgrade of U.S. debt one notch from AAA to AA+ by Standard & Poor's announced Friday sparked investor panic this week. Oil traders often look to equities as a barometer of overall investor confidence, and Monday the Dow Jones industrials plunged 634.76 points, or 5.6 percent, the sixth-worst point decline for the Dow in the last 112 years.Most European stock markets were sharply lower Tuesday, on the back of steep losses in Asia overnight.By midday Germany's DAX was down 3.3 percent at 5,724 while the CAC-40 in France was 1.1 percent lower at 3,089. The FTSE 100 index of leading British shares was down 1.8 percent at 4,976.U.S. stocks were also poised for further falls at the open, a day after the Dow Jones industrial average fell a dizzying 634 points. Dow futures were down another 0.9 percent at 10,625 while the broader Standard & Poor's 500 futures fell the same rate to 1,099."It's clear we're entering, or are on the precipice of, another global financial crisis," said Richard Soultanian, an analyst with NU.S. Consulting. Soultanian expects crude to fall to between $55 and $60 before rebounding to the mid-$70s in the fourth quarter.Investors will be closely watching the latest consumption forecasts from OPEC and the Department of Energy scheduled to be released later Tuesday. Traders will also be looking to the U.S. Federal Reserve to calm markets and possibly announce another round of monetary stimulus.The Fed has already twice implemented a program of Treasury bond purchases, known as quantitative easing, since the 2008 financial crisis."The way prices are falling, especially on stock exchanges, they are likely to keep falling until the Fed unveils some new program," energy consultant Cameron Hanover said in a report. "There are very few options available, but this is threatening to be a complete meltdown."Some analysts argue strong crude demand from developing countries such as China should help stabilize oil prices. Most companies and consumers have less debt than two years ago, which should help lower the risk of global economic growth slowing sharply, energy analyst and trader Blue Ocean Brokerage said."We can all take a chill pill and understand this is not the recession of 2009," Blue Ocean said in a report. "All of this rumbling that demand can falter from here is (nonsense). The major difference today from 2009, the world is a better place financially."Lower commodities prices will also lower energy and food costs, freeing up consumer purchasing power and slowing inflation. Asia is a net importer of crude, and lower oil prices should give policymakers in the region more leeway to ease recent monetary tightening.Crude has fallen 30 percent since reaching nearly $115 in May.Still, most traders seem to be waiting for selling to subside before jumping back in."We have no interest in attempting to catch a falling dagger," energy analyst and trader The Schork Group said in a report. "The adage is to buy when there is blood on the streets, but timing the bottom has led to the demise of traders far greater than ourselves."In other Nymex trading in September contracts, heating oil rose 0.3 cents to $2.80 a gallon while gasoline dropped 1.2 cents at $2.68 a gallon. Natural gas futures slid 3.9 cents at $3.90 per 1,000 cubic feet.
Life & Entertainment
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Fire and Ice Melon Salad
Toby Smithson: Fire and Ice Lemon Salad
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Buffalo Grove native gets spicy in the kitchen
Buffalo Grove native Suzy Singh hopes to stay in the game for one more week on Fox's "Master Chef." "The Spicy Chef" is in the final four remaining chefs in the reality competition.
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Woman attacks bearer of bad news for being too subtle
Woman needs to look at herself after attacking friend for suggesting -- rather than saying -- that her boyfriend is cheating.
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Captain Awesome's humble beginnings in Glen Ellyn
You know the nice-looking boy from Glen Ellyn who rang your doorbell in the '90s and tried to sell you a Daily Herald. Well, he grew up to be Captain Awesome on “Chuck.”
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S'mores Crunch and more
Celebrate National S'mores Day with S'mores Crunch Waffles at Walker Bros.; Johnsonville Big Grill rolls into Arlington Heights and Vernon Hills; Cook of the Week Challenge entry period closed but planning continues for the cook-off finale.
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Palatine teacher promotes cooking as a career
Erika Varela has nurtured her love of cooking since she was a little girl. For the past 11 years she's been a Family and Consumer Life teacher at Palatine High School encouraging students to consider a career in the culinary arts. “There might be someone who struggles in their regular classes, but excels here because it is a hands-on activity that has them up and moving.”
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‘Tom Waits' overshadowed by format
Editor and biographer Paul Maher Jr. has commendably followed the impulse to reveal a person in his own words as he culled this collection of profiles, reviews and other tidbits on singer-songwriter Tom Waits.
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Times reporters get book deal on phone scandal
Two New York Times reporters have a deal for a book about the phone hacking scandal that has shaken Rupert Murdoch’s News Corp.
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VH1's Emmy award-winning franchise delves into history of crack cocaine
Twenty-five years after crack cocaine ravaged American cities, a new VH1 Rock Doc explores how the drug also transformed popular culture, especially hip-hop.
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Was it lit? Arnie could be charged over cigar
Was it lit or was it cold? The status of a cigar in Arnold Schwarzenegger’s mouth at an Austrian airport could decide whether or not he faces legal action.
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Naperville's Nagoya impressive in its spread
As far as all-you-can eat spreads go, Nagoya is impressive. To the left of the room is the hibachi station where you can get most anything under the sun sizzled up. It gives way to the sushi station, where a dizzying number of rolls are yours for the taking.
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Angel food cake perfect for summer
Angel food cake is the tofu of cakes. And I mean that as the highest compliment. With zero fat and cholesterol and a lighter-than-air texture, angel food cake becomes a sponge absorbing the flavors of its accompaniments (much like the sauce soaks into tofu in pad Thai).
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Frozen Angel Food Torte
frozen torte
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Grilled Angel Food Short Cakes
grilled short cakes
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Angel Food Tiramisu Trifle
tirmisu trifle
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Angel Food Cake
basic angel food cake recipe
Discuss
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A new urgency to change the system
A Daily Herald editorial says that though its timing is suspect, the S&P downgrade emphasizes that Congress must act assertively and urgently to produce a multi-faceted solution to the federal debt crisis.
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Principled foolishness in Congress
The American people deserve credit for insisting that their elected representatives act more responsibly. This includes not holding the nation hostage and placing our economy at even greater risk. Extracting promises while threatening to allow the government to default — even the debate over which has caused problems that likely will be far-reaching — was, well, acting like hostage-takers.
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A Latino identity crisis
Why the label mania? I simply attribute it to the “me generation” mentality: Everyone is special — in his or her own way — and self-esteem, individuality and self-expression matter above all other things. But others blame long-term institutional racism.
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The tragic death of Uncle Sam
The body of a 235-year-old, affectionately known as Uncle Sam, was found on Capitol Hill in Washington D.C. today. Crime Scene Investigators placed police tape around the body believing foul play was involved. Given his age, Uncle Sam showed signs of extreme elder abuse. Most of his assets had been siphoned off to engorge the money belts of the very rich.
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Blue-ribbon panel to tackle heady issues
When this Democratic/Republican mess gets cleaned up, I suggest forming a blue ribbon committee, much like the base-closing one. Let them take on the heady problems after which they bring their final edict to both houses for a straight up or down vote, including the presidential signing.
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Why all the cheery faces in Washington?
Is it good that the world’s most powerful, and influential country is on the brink of defaulting on its debts? Am I supposed to believe it’s OK to borrow billions, indebting our children’s children, without any realistic way to ever pay it off?
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Structured play is a lifesaver
The kids are too young to roam the neighborhood, and even if they were older they risk getting hit by a vehicle. So, I feel lucky to have the kids in so many wonderful activities.
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Fix the economy step by step
Washington politicians, please note these five ways to turn around the econom.
Aug 2011
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| 28 | 29 | 30 | 31 | 1 | 2 | 3 |
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