Daily Archive : Monday September 26, 2011
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News
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Amid tight budgets, police rely on citizen volunteers more than ever
A year ago Ricky and Ann Lewandowski spent evenings watching crime shows on TV. Now the couple is out on patrol themselves. The Wheeling residents are part of the 35-member village Citizen Patrol, being the eyes and ears for the police nightly. Although the citizen police academy and patrol have been around since the 1990s, officials said the volunteer groups are becoming increasingly important.
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Dist. 128 pools need extensive repairs
Libertyville-Vernon Hills Area High School District 128 Superintendent Prentiss Lea met with state health officials this morning in an effort to keep the district's two swimming pools open despite safety concerns and a looming deadline.
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Hanover Park nets first arrest with new pawn software
Hanover Park police have netted their first arrest through a new measure requiring pawnshops and secondhand stores to use software aimed at better tracking stolen property.
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New schedule means more opportunities to learn in Dist. 300
Community Unit District 300 adopted a new schedule for high school students that will take affect in the 2012-2013 school year. The eight-period day will add instruction time and allow for continued learning throughout a student's high school career.
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New garbage contract to bring savings to Elgin Township
Some residents of unincorporated Elgin Township will have a new garbage collector at the start of 2012 — and all of them are expected to save money on the deal. Voters from among the 1,400 affected households approved a measure in the April election giving township officials the freedom to negotiate a garbage contract on their behalf. The township board signed a three-year with a company,...
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Glendale Heights man charged in attack on woman
A Glendale Heights man was charged with attacking a woman in an apartment complex parking lot Sunday night. Adan Morales-Guerrero, 21, of the 2300 block of Century Point Drive, was charged with unlawful restraint and aggravated battery.
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Appellate court sides with Barrington Hills on horse boarding issue
The village of Barrington Hills has the authority to regulate horse boarding on residential property, according to a recent appellate court ruling that could end at least one part of three-year legal fight over a local horse farm.
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‘The Andrews Brothers' drops its dramatic stakes
The dramatic stakes are too silly and low-pressure for the 1940s jukebox musical "The Andrews Brothers," now in its Chicago-area debut at the Metropolis Performing Arts Centre in Arlington Heights. The premise for “The Andrews Brothers” is simple, yet hard to swallow. When the famed 1940s girl group The Andrews Sisters can't make to a USO show in the South Pacific, three ambitious...
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Jury can see video in Hoffman Estates murder case
Jurors will see a video recording of D'Andre Howard recounting for police his version of what happened the night three members of a Hoffman Estates family were slain in their home. A Cook County judge on Monday denied defense attorneys' motion to suppress statements made by Howard, charged with the April 17, 2009, slayings of 18-year-old Conant High School senior Laura Engelhardt, Alan...
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Presidential dollar coins not proving popular
In an economy where everyone needs money, even suburban coin collectors aren't excited about the new Rutherford B. Hayes dollar coin. While the state quarters series drew some interest, especially among grandparents looking for wholesome presents for the grandkids, the dollar coins remain a bust.
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Cirque du Soleil’s retooled ‘Quidam’ to play Sears Centre
Cirque du Soleil's "Quidam" is coming to the Sears Centre Arena in Hoffman Estates for an eight-performance run between Feb. 8-12, 2012. Tickets for the arena-adapted circus spectacle go on sale Friday, Sept. 23.
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Geneva council says no to adding 4 more aldermen
Geneva city council's committee of the whole voted against adding 4 more aldermen to the dais. State law dictates that cities of 20,000 or more must have seven wards and 14 aldermen, unless that city's council decides against it. Geneva currently has 10, and it's going to stay that way.
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Off-duty cop shoots intruder near Wheaton
The DuPage County sheriff's office is investigating a fight early Saturday that resulted in an off-duty police officer shooting an alleged intruder. Both people were hospitalized.
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Murder-suicide suspected in Prospect Heights
Prospect Heights police are investigating a suspected murder-suicide at the Lake Run Condominiums in the 0-100 block of Old Willow Road, authorities at the scene confirmed. It is unlikely the victims' identities will be released tonight.
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New calf, pigs join historical Schaumburg farm
Three not-so-little pigs and a calf have joined the menagerie at Schaumburg's Volkening Heritage Farm at Spring Valley this month. These latest additions will be seen at the farm's Autumn Harvest Festival from noon to 5 p.m. Sunday, Oct. 2.
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Fair collapse suit challenges Ind.’s $5M tort cap
A federal lawsuit is challenging an Indiana law that caps the state’s liability for damages at $5 million in the collapse of a stage at the Indiana State Fair. The lawsuit was filed Monday in U.S. District Court in Indianapolis on behalf of the estates of three of the seven people killed in the Aug. 13 collapse and three others who were injured. It seeks class-action status on behalf as many as...
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Judge decides against Catholic Charities
A Sangamon County judge has ruled the Illinois Department of Children and Family Service can begin canceling its adoption and foster care contracts with Catholic Charities. Illinois ended $30 million in contracts with Catholic Charities in four dioceses in July because the organizations’ practice of referring unmarried couples to other agencies was discriminatory, a violation of the state’s civil...
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Three injured in Gurnee rollover crash
Three people were injured in a Monday morning crash in Gurnee involving two vehicles that both smashed into a lightpole after colliding, according to fire officials.
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Shutdown averted; disaster aid dispute surmounted
Ending weeks of political brinkmanship, Congress finessed a dispute over disaster aid Monday night and advanced legislation to avoid a partial government shutdown only days away.
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Cemetery worker accused of stealing from casket
A grounds superintendent at a Green Bay-area cemetery has been accused of stealing a $2,000 guitar from the casket of a man who died recently. WLUK-TV reported Steve Conard, 39, was charged Monday with theft of moveable property from a corpse.
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Report: Illinois could be $8.3 billion in red
Illinois remains in deep budget trouble and could be $8.3 billion in the red by next June, according to a report released Monday by a Chicago watchdog group.The budget problems persist despite a significant boost in the state's income tax rates for individuals and businesses passed by the Democrat-controlled legislature and signed earlier this year by Gov. Pat Quinn.
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Ex-St. Charles North coach accused of stealing
A St. Charles North High School teacher has been accused of stealing from two stores in August. Katherine A. Sauber Duraski faces misdemeanor charges of stealing from Target in Batavia and Von Maur's in St. Charles, according to police reports and court documents.
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Huey Lewis to rock Paramount
Huey Lewis & the News heads to Aurora’s Paramount Theatre Oct. 21. The show will include new material as well as hits like “Power of Love.”
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Woman sues over death of partner at Indiana fair
A Chicago woman has filed a wrongful-death lawsuit in Indiana seeking damages for the death of her same-sex partner in a stage collapse at the Indiana State Fair. Northwestern University political science professor Andrew Koppelman said Monday that Alisha Brennon is going to have a hard time with the lawsuit because Indiana law does not recognize civil unions.
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Government vs. government lawsuit: St. Charles sues new fire district
The city of St. Charles sues the Fox River and Countryside Fire/Rescue District for breach of conttract, saying the city is owed $37,500. The district fires back, calling the move vindictive and saying the city has not served residents and that it will file a counterclaim. Both sides are due in court Oct. 6.
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College of Lake County gets job-training grant
The College of Lake County and 16 other community colleges will share a $19 million federal grant to help develop more career-training programs, officials announced Monday.
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T-Mobile to add to Elgin cell tower
The city of Elgin soon will see at least a little bit of extra revenue – and not from taxes. Council members will discuss preliminary approval of an agreement with T-Mobile that would allow the company to add telecommunications equipment to an existing tower at the Elgin American Little League field at the corner of Summit Street and Hiawatha Drive.
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Bond reduced for Warrenville teenager charged with burglary
After having his bond reduced by $23,000 Monday, Joshua Holmes is likely to return to the comforts of his Warrenville home. But that’s one of only a few places he’ll be going any time soon.Circuit Judge Kathryn Cresswell reduced the $25,000 bond for the 17-year-old who was arrested late last month after police said a Warrenville woman caught him on video burglarizing her son’s car.
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St. Charles filmmaker finds horror on ‘Munger Road'
How did a 26-year-old St. Charles North High School grad get Oscar-nominated actor Bruce Davison to star in his new indie horror film "Munger Road," shot right here in the Northwest suburbs? Nicholas Smith says it's the script!
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Final Seyller-vs.-Kane County Board bill due Oct. 19
The final attorney bill tally for the Deb Seyller vs. the Kane County Board lawsuit could come Oct. 19 as attorneys from both sides are due to meet with Chief Judge F. Keith Brown. Seyller sued the board in fall 2010 after it denied her request for more than $560,000 additional funding to run the Kane County Circuit Court Clerk's office.
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Future plans for Picnic Basket include a nod to the past
One of the more recognizable corners in Libertyville is getting a makeover in a project that looks back as well as ahead. When complete, the exterior of the Picnic Basket restaurant on Milwaukee Avenue fronting the village’s signature Cook Park will return to a look reminiscent of its turn of the century roots, with new brick work replacing the synthetic stucco.
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Police reports
Michael G. Russo, 51, of the 1700 block of North Kedzie Avenue in Chicago, was arrested Friday and later charged with criminal damage to property and failure to register as a sex offender, according to police reports. Police were called just before 6 p.m. to the 400 block of Edwards Avenue in West Dundee for reports of a man breaking windows with a baseball bat, police said. Russo appeared in...
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Fort Sheridan golf talk:
The Lake County Forest Preserve District board’s finance committee will meet Thursday morning to discuss approaching developers to build and operate a golf course at the Fort Sheridan preserve near Highland Park and other business.
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Veterans gather in Wauconda:
State Rep. Cole (R-Grayslake) and state Rep. Kent Gaffney (R-Lake Barrington) are hosting an evening with Lake County veterans from 5:30 to 7:30 p.m. Thursday, Sept. 29 at American Legion Post 911, 515 S. Main St., Wauconda.
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‘Munger Road’ thrill-seekers could get close encounter with police
Authorities implore teens not to make the same mistake kids in the "Munger Road" film do by fooling around on railway tracks.
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D95 preschool screening:
Lake Zurich Unit District 95 will offer a preschool screening for 3- and 4-year-old children for whom there may be concerns in the areas of gross or fine motor skills, speech-language, or conceptual development.
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Attorney: Blagojevich could be sentenced after Cellini trial
A federal judge on Monday indefinitely delayed next week’s scheduled sentencing for Rod Blagojevich on multiple corruption convictions, apparently because it would have conflicted with the start of a related trial of a longtime Illinois power broker who raised money for the former governor.
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Dow's gain biggest since Sept. 7 after Europe action
Stocks had their biggest gains in more than two weeks Monday after European officials vowed to take action to resolve the region’s debt problems. The Dow Jones industrial average jumped 272 points, making up about a third of last week’s losses.
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IDOT hiring 16 supervisors during budget crisis
The Illinois Department of Transportation is hiring 16 new employees, at salaries of up to $100,000, as a new layer of management after the previous supervisors were allowed to unionize.The new “operations supervisors” will supervise field technicians and road workers, their job description says. Until now, the field technicians did that job across most of Illinois.
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Indiana girl shot by sister, 11, out of hospital
A 14-year-old northern Indiana girl who was shot by her younger sister is out of the hospital. The younger girl has told investigators she was “playing CSI” at the time of the shooting Saturday.
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Wheaton League addresses State of the Community
Wheaton residents are being invited to a public forum on the State of the Community at 7 p.m. Oct. 20 at the Wheaton Community Center, 1777 S. Blanchard.
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Police reports
Russel J. Mueller, 41, of the 8500 block of Heath Road, Kingston, was arrested and charged with driving under the influence of alcohol, DUI of .08 or greater, and improper lane use at 2:01 a.m. Sunday after he crashed his motorcycle near Route 25 and South Gilbert Street near St. Charles, according to a sheriff’s report.
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Missing python found under truck hood in Joliet
The hunt for a pet snake in Joliet has ended — in a neighbor’s truck. The 6½-foot python was gone about two weeks when the truck’s owner lifted the hood of his truck parked in his driveway and found it coiled around the carburetor.
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Ex-Gov. Ryan’s older brother dies
Imprisoned former Gov. George Ryan’s older brother has died. Thomas J. Ryan, 83, died Saturday at Kankakee hospital. Ryan was a 20-year mayor of Kankakee.
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Watchdog questions comptroller, treasurer raises
Two Republican statewide officeholders who have criticized government spending and want to consolidate it have handed out pay raises to dozens of employees during a fiscal crisis.
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Man who vanished pleads guilty in ID case
A man who disappeared from the Chicago area more than 32 years ago before he was found living in Las Vegas has pleaded guilty to a felony identity fraud charge.
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Des Plaines commissions flood study on problem areas
Des Plaines will be conducting a new flood study of three problem areas within the city in an effort to reduce the likelihood of future flooding. The city council recently hired a Rosemont-based consulting firm to evaluate areas that experienced excessive flooding after 6.8 inches of rain fell during a July 23 storm.
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Lung association plans walk in Oak Brook
More than 800 people are expected to gather Sunday, Oct. 2, in Oak Brook for the American Lung Association in Greater Chicago’s Fight for Air Walk.
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Oakton receives grant for national supply chain project
Oakton Community College will receive a portion of a $3.5 million grant to develop a national center to train supply chain technicians. Oakton is one of five community colleges in the country partnering on the grant project to establish a National Center for Excellence in Supply Chain Technology.
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New-home sales fell in August for 4th month
Sales of new homes fell to a six-month low in August. The fourth straight monthly decline during the peak buying season suggests the housing market is years away from a recovery.
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Supermarkets start bagging self-serve checkouts
When Keith Wearne goes grocery shopping, checking out with a cashier is worth the few extra moments, rather than risking that a self-serve machine might go awry and delay him even more. Most shoppers side with Wearne, studies show.
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Berkshire Hathaway to buy back shares
Warren Buffett is sending a clear signal that he believes Berkshire Hathaway’s stock is undervalued by announcing a plan to repurchase stock for the first time since taking over the firm in 1965.
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Living people to appear on U.S. stamps
The U.S. Postal Service announced Monday that it is ending its longstanding rule that stamps cannot feature people who are still alive and it’s asking the public to offer suggestions on who should be first.
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Martha Stewart rejoins her company’s board
Martha Stewart Living Omnimedia says its namesake and founder has rejoined its board of directors.Her return coincides with the end of her five-year ban from serving on the board or as an executive of a public company.
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Dawn Patrol: News you need as you head out the door
News you need as you head out the door today: Brother of murder victim extradited to Naperville, book pushes new Tylenol killings theory, rain to pour all day and Bears, Cubs and Sox lose.
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Ramey pleads guilty in DUI case
DuPage County Republican chairman and state Rep. Randy Ramey pleaded guilty Monday to driving under the influence and was fined $1,750 and ordered to perform 100 hours of community service.
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Medinah Dist. 11 to work around Ryder Cup closures
Officials in Medinah Elementary District 11 are working to keep their schools open as much as possible during the the 39th Ryder Cup golf tournament next September at nearby Medinah Country Club.
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Team effort earns Blue Ribbon for Lisle school
Students, parents, faculty and staff at St. Joan of Arc Elementary School in Lisle all should share in the school’s most recent achievement: the 2011 National Blue Ribbon from the U.S. Department of Education. “It’s a collective team that we got this blue ribbon, so I think everyone shares in the joy,” said the school's Principal Sister Carolyn Sieg.
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Wood-turner gives fallen trees new life as art
Wood-turner Richard Dlugo drew steady groups of spectators as he demonstrated his craft at the Morton Arboretum in Lisle. Using pieces of wood cut from fallen trees at the arboretum itself, he transformed them into holiday tree ornaments. “Every one is a little bit unique,” he said. “You don't know totally what it's going to turn out to be until you start to work it.”
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Cause of fatal Barrington fire undetermined, cigarette not ruled out
The cause of a Sept. 9 fire that killed a man in his Barrington home has been ruled “undetermined,” according to the Illinois State Fire Marshal. However, a cigarette found on a couch in the basement where Richard Sowa died could not be eliminated as the heat source that caused the fire at his duplex.
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Aurora firefighters win dodgeball gold
Scenes from the Vince Vaughn and Ben Stiller movie “Dodgeball” were dancing through the heads of eight Aurora-area firefighters during a recent trip to New York City for the World Police and Fire Games. “The first thing I thought of when we first got there and started playing was that 'Dodgeball' movie,” said Mike Kaufman, an Aurora fire private and dodgeball team member.
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Son paints tractor pink in honor of mother
Jason Herrmann's tractor needed a paint job this summer, but this time he decided it was time for a color change. “I was very surprised when he told me,” said mother Kitty Jo Herrmann. “I thought Case orange, but he said, ‘I want to paint it pink and white for my mommy.'” A breast cancer survivor, Kitty Jo Herrmann found out 15 years ago she had cancer, following a...
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Private detective calls Ind. chief a ‘Gomer Pyle’
A private detective hired by the family of a missing Indiana University student has made unflattering comments about Bloomington’s police chief, including calling him a “Gomer Pyle.”
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Hanover Park mayor rips county immigration policy
Hanover Park Mayor Ron Craig is upset over a recent Cook County ordinance that requiring sheriff's officers to release suspected illegal immigrants accused of committing serious felonies from jail if they can post bond, even if federal authorities want them detained for possible deportation. He points to a recent event in which three suspected illegal immigrants accused of assaulting two police...
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Dead body discovered in Racine County
A man discovered a dead body on a frontage road in Racine County. Jim Nelson, who owns a courier service, tells The Journal Times he was making a delivery when he encountered a flooded area around 6:20 a.m. Monday. When he reversed, he saw the body in his headlights.
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Ind. state police probe officer shooting in Goshen
State police are investigating the death of a man shot by police after he fled from a traffic stop in northern Indiana.
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Police: Some of the 5 killed in SE Ind. were shot
Some of the five people found dead at two homes in rural southeast Indiana had been shot, and autopsies to confirm the cause of death are planned for Monday, state police said.
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N. Ind. police say man fatally shot mowing lawn
Police are investigating the weekend death of a northwestern Indiana man who was fatally while mowing a lawn for a lawn service company. The Times of Munster reports that 24-year-old Michael Pasternak Jr. of Gary was pronounced dead Sunday at an Indianapolis hospital where he was airlifted after Saturday’s shooting in Hebron.
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Push under way for Lincoln statue at cemetery
ELWOOD — The Abraham Lincoln National Cemetery Support Committee is working to raise $110,000 to put up a life-size Lincoln statue at the Will County cemetery that bears his name.
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Banners presented to 10 Ill. 'Gold Star' mothers
en Illinois women whose sons were killed in combat during the war on terrorism are being honored with Gold Star banners. The ceremony at Chicago's Cultural Center Sunday was sponsored partly by the USO of Illinois and marked Gold Star Mother's Day.Gov. Pat Quinn says it's important for everyone in Illinois to show reverence and respect for the families and their losses.
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Police: Chicago man held woman captive for months
A 22-year-old man accused of beating and choking a woman he allegedly held captive for a more than two months at his Chicago apartment was ordered held without bond on Sunday.
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N. Ind. man injured cutting tree for wedding
A northern Indiana man who was cutting a tree to add a decorative element to his wedding had his nuptials postponed when the tree toppled onto him the day before the wedding.
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Duckworth says she’s training for another marathon
Congressional candidate Tammy Duckworth says she’s training for her third Chicago Marathon. Duckworth was an Army helicopter pilot in the Iraq War when she lost her legs in combat. She competes with a hand-crank bicycle. The marathon is Oct. 9. She’s completed two previous marathons.
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Chicago hosts personal preparedness workshop
Chicago residents will learn what they need to be prepared for an emergency or natural disaster at a workshop this week. “Are You Prepared?” will be on Wednesday at the Chicago Cultural Center. It is hosted by the Chicago Office of Emergency Management and Communications and the Chicago police and fire departments.
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Libya political infighting hampers drive to form new cabinet
Political infighting and the doggedness of Muammar Qaddafi’s loyalists are hampering the drive by Libya’s interim leaders to complete the liberation of the North African nation and form a new government.
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US stock futures rise on hopes of Europe debt plan
U.S. stock futures are rising on hopes that European leaders will come up with a new strategy to resolve the region’s debt crisis.
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Dead sea scrolls go online in israel museum project with Google
The Dead Sea Scrolls, so ancient and fragile that direct light cannot shine on them, are now available to search and read online in a project launched today by the Israel Museum and Google Inc.“Google’s mission is to organize the world’s information and make it accessible and useful,” said Yossi Matias, managing director of Google’s R&D Center in Israel.
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Scottish prosecutors seek libyan help on lockerbie
Scotland’s Crown Office, which is responsible for criminal prosecutions, asked the new Libyan government for help in the Lockerbie investigation, an unidentified spokeswoman said in an e-mailed statement today.
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Scottish prosecutors seek libyan help on lockerbie
Netflix Inc.’s biggest slump in seven years is making the mail-order and streaming movie service a 57 percent cheaper takeover target for companies from Amazon.com Inc. to Google Inc.
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Municipal defaults should remain rare, ebooleant’s fischer says
Philip Fischer, managing principal in eBooleant Consulting LLC in New York, was formerly head of municipal-bond research and the Global Index System for Bank of America Merrill Lynch. He recently exchanged e-mails for an interview in today’s issue of the Bloomberg Brief: Municipal Market newsletter.Q. What’s your outlook on the municipal-bond market?
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BTA Deputy Chief Varenko Denies Rumored Arrest, Continues Work c.2011 Bloomberg News
Sept. 26 (Bloomberg) -- Nikolai Varenko, the first deputy chief executive officer of BTA Bank, refuted rumors of his arrest and denied fleeing Kazakhstan, according to a video interview published on the lender’s website today.
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King abdullah gives saudi women right to vote for first time
Saudi Arabia granted women the right to vote for the first time in its modern history as part of changes King Abdullah said will let them run in future municipal elections.
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Municipal defaults should remain rare, Ebooleant’s Fischer says
Hurricane Hilary stirred up surf in Baja California and southwestern Mexico, while Tropical Storm Philippe remained far from land over the Atlantic.
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New Indy bike hub to promote city health, image
INDIANAPOLIS — A new downtown bicycle hub could encourage more commuters to pedal to work and build an image of Indianapolis as a health-conscious city, officials say.
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Matteson teacher wins contest to meet Jane Goodall
MATTESON A suburban Chicago science teacher departs Monday to meet famed anthropologist Jane Goodall after winning a contest. Renee Covert is a teacher at O.W. Huth Middle School in Matteson. She entered an online contest that will take her to Los Angeles this week to meet Goodall backstage at a celebration of the primate researcher’s long career.
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Exonerated Illinois inmate charged with theft
A former death row inmate whose wrongful conviction was the spark that helped end the death penalty in Illinois faces charges again for allegedly stealing deodorant from a Chicago pharmacy.
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Police: 3 shot behind East St. Louis club
EAST ST. LOUIS— Authorities are investigating a shooting behind an East St. Louis club that left two men and a woman injured, including an unarmed security guard who was on duty.Police were called to the club around 2:30 a.m. on Saturday.
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1 dead, 1 injured when driver strikes pedestrians
EAST ST. LOUIS,== Authorities say one man is dead and a woman is in critical condition after they were struck by a driver on an East St. Louis bridge.Illinois State Police say the driver of a 2003 Ford Mustang hit a St. Louis Police Department vehicle around 3:30 a.m. on Sunday and fled by going across the Poplar Street Bridge.
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Ind. power rates projected to rise 20 percent over 6 years
The State Utility Forecasting Group projects Indiana electricity rates will rise 20 percent over the next six years. Douglas Gotham, who directs the state-funded panel of researchers at Purdue University, says the factors driving up rates will be new plant construction, installation of pollution controls and improvements to extend the operating life of existing power plants.
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Ind. removes 1, adds 2 to endangered species list
Two rare amphibians could soon be added to the protective umbrella of Indiana’s endangered species list. The Indiana Natural Resources Commission voted last week to add the plains leopard frog and the mole salamander to the dozens of plants and animals afforded special protections because they’re at risk of extinction in Indiana.
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Matteson teacher wins contest to meet Jane Goodall
A suburban Chicago science teacher departs Monday to meet famed anthropologist Jane Goodall after winning a contest. Renee Covert, who is a teacher at O.W. Huth Middle School in Matteson, entered an online contest that will take her to Los Angeles this week to meet Goodall backstage at a celebration of the primate researcher’s long career.
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Police search for driver who killed Chicago woman
Police in Chicago are searching for the driver in a hit-and-run accident that killed a 43-year-old woman in the city’s Uptown neighborhood. Authorities say they believe the driver plowed into Beverly Akerson early Saturday as she was crossing the street, before stopping, putting the car in reverse and hitting her again.
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Bench art a hit in Lindenhurst, Lake Villa
The Lindenhurst-Lake Villa Council organized its first public art display called Art on a Bench to promote the arts, as benches were transformed into creative places to sit and bring attention to businesses.
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Schaumburg High School teacher wins chemistry award
Schaumburg High School chemistry teacher Susan Bober has been named the 2011 Davidson Award recipient, naming her the top chemistry teacher in Illinois. It's the fourth time a District 211 teacher has been so honored.
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Parenting author to visit Arlington Heights Thursday
Award-winning journalist and author Susan FitzGerald visits Our Lady of the Wayside on Sept. 29 to talk with parents about the topic behind her new book, “Letting Go with Love and Confidence: Raising Responsible, Resilient, Self-Sufficient Teens in the 21st Century.”
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High school gearing up for Mundelein Idol
Contestants are welcome to apply for slots in the fifth annual Mundelein Idol competition, set for Oct. 1 at Mundelein High School. The event will begin at 7 p.m. in the school auditorium. Tickets cost $8 per person and include the voting package.
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Weekend in review: Bed bugs hot topic in Rosemont
Today, we introduce a new feature called Weekend in Review. Each Monday, we'll summarize the key stories that we published over the weekend to help you get caught up. Key stories from this past weekend include the North American Bedbug summit in Rosemont, the story of a local teen with Asperger's jailed and it was a dismal weekend in sports.
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3 hours v. 30 minutes: Suburb-to-suburb transit time-consuming
Why drive to work when you can take a relaxing three-hour spin through the suburbs, complete with entertaining companions, sight-seeing and fresh air? But six hours a day for a 48-mile round trip? And that's just between DuPage and northwest Cook County. Imagine a transit trek from Lake to Kane County. Or northern McHenry to southern DuPage. Riding a horse might be faster.
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School personnel resource fair in Lake County
The Lake County Regional Office of Education, the Special Education District of Lake County and Mothers Trust Foundation are sponsoring the fifth annual Networking in Lake County Resource Fair on Friday, Sept. 30, 8 a.m. to noon at College of Lake County, Grayslake.
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Natural lawn care workshop at CLC
A workshop for landscape companies, turf managers, homeowner associations and municipalities will be offered on Thursday, Oct. 13 from 8 a.m. to 12:30 p.m. at College of Lake County.
Sports
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Guillen says goodbye to the South Side
Ozzie Guillen is finished with the White Sox. It was almost fitting that on a dreary, drizzly night on the South Side in front of a few thousand fans, Guillen managed his last game for the Sox. After the White Sox held on to defeat the Toronto Blue Jays 4-3 at the Cell, Guillen was released from his 2012 contract, per his request.
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Sox beat Jays in Guillen's last game as manager
In what turned out to be manager Ozzie Guillen's last game with the White Sox, Tyler Flowers hit a three-run homer, rookie Dylan Axelrod threw six shutout innings and Chicago beat the Toronto Blue Jays 4-3 on Monday night.
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Cubs shutout in loss to Padres
Mat Latos took a no-hitter into the sixth inning and struck out nine in seven innings, and the San Diego Padres beat the Chicago Cubs 2-0 on Monday night.
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White Sox GM Kenny Williams reflects on the good times with Ozzie Guillen
Ozzie Guillen's departure brought on a wave of emotions Monday night at U.S. Cellular Field. When they subside, general manager Kenny Williams will work from a short list and hire Guillen's replacement.
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Miller helps Benet edge Metea Valley
Hunter Miller's late corner kick found teammate Joey Chiariello, and he scored, lifting Benet past Metea Valley 1-0 in boys soccer on Monday.
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Libertyville boys cross country steps up for Drozdz family
Each year the Libertyville boys cross country team raises money for charities which are chosen by the team members. This year, several athletes made the suggestion of donating to the “Remembering Gabby Drozdz” fund. The team contacted Lake Zurich coach JB Hanson, who in turn contacted the Drozdz family. “We were very moved that Gabby’s family came to the meet to accept the donation,” said Wildcats coach Mark Buesing. “It’s hard to imagine what they are going through.” The Gabby Drozdz Fund (gabbydrozdz.com) was started in honor of Lake Zurich teen Gabriella Drozdz, who was killed in a hit and run accident on July 22 across from Lake Zurich High School.
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Boys soccer/Top 20
Here's the latest look at the boys soccer top 20 of teams in the Daily Herald circulation area.
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Asquini returns to coach St. Charles East baseball
Len Asquini, who spent eight years at the helm coaching baseball at St. Charles East from 1996-2003 and guided the Saints to the Class 2A state championship in 1999 is back where he belongs.
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Girls volleyball/Top 20
Here is the latest Top 20 rankings of girls volleyball teams in the Daily Herald area.
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Monday’s girls volleyball scoreboard
High school varsity results from Monday's girls volleyball matches, as reported to the Daily Herald.
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Monday’s girls tennis scoreboard
High school varsity results from Monday's girls tennis meets, as reported to the Daily Herald.
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Benet rolls at Downers Grove South
Jenna Jendryk put down 7 kills and Nora Young 5, as No. 2 Benet rolled past host Downers Grove South 25-19, 25-11 in girls volleyball on Monday.
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Naperville Central, WW South embrace the battle
Sometimes it takes the fight against disease to bring out the best in people. It sure amazes Brie Isaacson. “I am still mesmerized at what people will do when times are so difficult,” said Naperville Central’s volleyball coach. “The generosity of people is overwhelming.” Isaacson’s volleyball program is once again pairing up with Wheaton Warrenville South this year for its Volley for the Cure night. The third event will be this Monday at Naperville Central.
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Drabowski, Meadows succeed at Eisenhower
With Veronica Drabowski earning all-tourney recognition and some outstanding net play by Rachel Mickey (18 blocks) and Morgan Keller (11 blocks), Rolling Meadows girls volleyball team won the Decatur Eisenhower Invite on Saturday.
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Cary-Grove trips up McHenry
Cary-Grove’s boys soccer team opened the Fox Valley Conference Valley Division season with a 3-1 win over McHenry Monday night
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Girls volleyball/Fox Valley roundup
Chicago Christian d. St. Edward: Allison Kruk had 21 digs and Katie Swanson 6 kills for St. Edward in a 25-22, 25-18 Suburban Christian crossover loss. Katie Ayello had 8 assists and Rena Ranallo 3 kills for the Green Wave (12-7).Harvest Christian d. Faith Lutheran: Carol Kauffman had 7 aces and Lincoln Elliott 4 to lead Harvest Christian to a 25-9, 25-15 win. Jordan Wells added 4 assists for the Lions.
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Girls cross country / Lake County roundup
Lewis wins again: Grant defeated Round Lake 15-46 thanks to super sophomore Lindsey Lewis, who took another first place this season with a 19:52. The Bulldogs swept the top five spots. Round Lake’s top finisher was Selena Alvarez, who placed sixth with a 22:55.Lakes wins: Kathryn Dean and Hannah Wittman of Lakes placed first and second respectively to lead Lakes to a 25-30 win over Vernon Hills. Dean turned in a 20:07 while Wittman finished just behind with a 20:17. Kristen Whitney was the top finisher for Vernon Hills. She placed third with a 20:31.
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Boys soccer / Lake County roundup
Lake Zurich, Warren tie: Lake Zurich opened with 2 goals in the first half and Warren tied up the game with 2 goals in the second half. Lake Zurich (8-3-4, 3-0-1 NSC Lake) got its goals from John Pothast (Kyle Callender assist) and Jorge Bermudez (Brendan Seeger). And Lake Zurich goalie Jeff Kreutz had 15 saves. Meanwhile, Warren got a goal from Billy Eddy off a Danny Szczepanek assist and Szczepanek also scored off a penalty kick. Goalie Brady Walsh had 6 saves for the Blue Devils, who move to 12-2-2 overall.Stevenson 2, Deerfield 0: Joe Hugener and Ricky Lekakh each scored a goal to help Stevenson improve to 7-3-2 on the season. Carmel 2, Marist 0: Shea Ronayne and Michael Scheer each scored a goal to lead the Corsairs to the win. Mike Reed and Adam Cloe each had an assist while goalie Steve Silwa had 2 saves for Carmel.
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Boys cross country / Lake County roundup
In a boys cross country meet that had to be decided on a tiebreaker (points from the sixth runners), Vernon Hills got by Lakes 38-41 on Monday. Ryan Prais of Lakes took first place overall with a 16:48 while Kyle Whitney of Vernon Hills placed second with a 17:06.Warren wins: Warren grabbed seven of the top 10 spots en route to victories over Libertyville (26-33) and Zion-Benton (19-43). Martin Martinez of Warren took first place overall with a 15:43.58. Libertyville’s top finisher was Dan Ryan, who placed second with a 16:00.79.Round Lake gets by Grant: Despite a first-place finish from Peter Audrain (16:24), Grant fell to Round Lake (24-31). Round Lake took second and third place thanks to Angel Carrera (16:49) and Roberth Paz (16:57), respectively.
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Monday’s girls cross country scoreboard
High school varsity results from Monday's girls cross country meets, as reported to the Daily Herald.
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Monday’s boys soccer scoreboard
High school varsity results of Monday's boys soccer matches, as reported to the Daily Herald.
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Monday’s boys golf scoreboard
High school varsity results from Monday's boys golf meets, as reported to the Daily Herald.
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Monday’s boys cross country scoreboard
High school varsity results from Monday's boys cross country meets, as reported to the Daily Herald.
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Cubs manager Mike Quade lets the kids play
Cubs manager Mike Quade has heard the cries of "play the kids." So he did Monday night, loading his lineup with a host of youngsters in the opening game of the season's final series, at San Diego.
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Pathetic end to great Guillen story
It didn't have to end this way, but it's been clear for some time that it would end this way because of Ozzie Guillen's self-destructive nature.
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QB Dan Persa back as NU gears up for Illinois
Northwestern doesn't just regain the services of senior quarterback Dan Persa for Saturday's trip to No. 24 Illinois. DT Jack DiNardo, OLB Collin Ellis and S David Arnold also re-appear on the Wildcats' depth chart.
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The movie ‘Moneyball’ has Cubs connections
The movie "Moneyball" is causing quite the sensation. There are a couple of Cubs connections to the movie, including first baseman Carlos Pena. Although the movie does some fact fudging, Pena said he likes the "Moneyball" concept.
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Hawks will get best from Kane at wing
It would be surprising if the Patrick Kane experiment at center lasts into the regular season. All coach Joel Quenneville said following Sunday’s exhibition game in Detroit was that he planned to at least look at Kane at center in the finals days of training camp. That’s it. He didn’t say he was moving Kane to center, or that the Hawks had a serious problem down the middle, because they don’t.
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Judson’s Hoffman garners NAIA honor
Judson University women’s soccer goalkeeper and Huntley High School product Sara Hoffman was recently named the NAIA national defensive player of the week. It was Hoffman’s second award in a short span of time. Earlier, she was named the CCAC player of the week for a second week in a row.
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‘Personal’ return for Panthers’ Rivera
Panthers rookie head coach Ron Rivera is looking forward to his team's Sunday game at Soldier Field against the Bears, whom he played 13 years for as a linebacker and later was Lovie Smith's first defensive coordinator.
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Bears’ trick play still hot topic
If not for a holding call on Corey Graham, Johnny Knox's apparent 89-yard punt-return touchdown could have set the Bears up for a miraculous finish.
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Images: Ozzie Guillen
Ozzie Guillen's time as manager of the White Sox has come to an end. Word came Monday night that Guillen, who talked about his future with White Sox chairman Jerry Reinsdorf before the game, has been traded to the Florida Marlins.
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Blackhawks’ Kane will give it a shot at center
Looking for consistent offensive production from the center position, the Blackhawks are taking a look at using winger Patrick Kane at the position. “We’ll see if it works or not, but I’m going to do my best there and see what happens,” Kane said Monday.
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Ryder Cup captains share mutual respect
When it comes to the Ryder Cup, things can get pretty intense out there. Or at least that’s supposed to be the case. It sure wasn’t that way Monday at Medinah Country Club when U.S. captain Davis Love III and his European counterpart, Jose Maria Olazabal, gathered to celebrate and promote the 2012 Ryder Cup, which will be held at Medinah in exactly one year.
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Slow start in each half spelled doom for Bears
The Bears' offense ran just fine once it got warmed up against the Packers. But it sputtered horribly in the first and third quarters, picking up just 2 first downs and no points, which led to a 27-17 defeat.
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Arlington Park will be open for business in ’12
Putting to rest concerns that Arlington Park wouldn't survive another year without slots legislation, GM Tony Petrillo says the track will defnitely race again in 2012.
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Your Turn: Who’s to blame for this Bears’ loss
It’s your turn to analyze the Bears-Packers debacle. Who gets the most blame for Sunday’s loss, and what need to happen to turn things around?
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Girls golf/Scouting the Mid-Suburban League tourney
A preview of Tuesday's Mid-Suburban League girls golf tournament at Bonnie Dundee Golf Course in Carpentersville.
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Palatine announces Hall of Fame class
The latest Palatine Hall of Fame class of Ed Molitor, Annie Hernandez, Fred Miller and Nicole Pauly will be honored at Friday's home football game with Barrington.
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Boys golf / Conference tournament scouting, Northwest
A preview of Tuesday's Mid-Suburban League boys golf tournament at Mt. Prospect Golf Club.
Business
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Boeing rises most in six weeks as 787 delivery ends delays
Chicago-based Boeing Co. rose the most in six weeks in New York trading as the delivery of the 787 Dreamliner ended more than three years of delays on the world's first jetliner with a fuselage made of carbon-fiber composites.
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Bayer intends to delist from London stock exchange main market
Bayer AG plans to delist its securities from the Main Market of the London Stock Exchange due to their low trading volume and the administrative costs associated with the listing. Bayer expects the shares to delist from London with effect from market opening on Oct. 25.
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Northern trust opens etfs based on Morningstar indexes
Northern Trust Corp., the Chicago- based asset manager and custody bank, opened four exchange- traded funds, including two based on indexes built by fund research firm Morningstar Inc.The funds, which trade under the FlexShares brand name, will invest in natural resources, U.S. equities and Treasury inflation-protected securities, the company said today in a statement. The funds began trading Sept. 22, according to data compiled by Bloomberg.The new funds are Northern Trust’s second venture into the ETF market. The firm previously ran 17 funds that tracked international, single-country indexes. With combined assets of $33 million, the funds were closed in February 2009 because of their “inability to attract significant market interest,” the company said in a statement at the time.Morningstar created the indexes used by the FlexShares Morningstar Global Upstream Natural Resources Index Fund and the U.S. Market Factor Tilt Index Fund, which will buy U.S. stocks with a “rules tilt” toward small companies and those seen as undervalued.Markit GroupMarkit Group Ltd., which is based in London, built the indexes for the FlexShares iBoxx 3-Year Target Duration TIPS Index Fund and the 5-Year Target Duration TIPS Index Fund.Northern Trust managed $684 billion in client investments and oversaw $4.4 trillion in custody assets at the end of June. Chicago-based Morningstar tracks about 400,000 investment products and is known for its star ratings of mutual funds.U.S. ETFs have grown more than 13-fold since 2001 to $1.09 trillion at the end of July, according to data from the Investment Company Institute in Washington. ETFs typically track an index and, unlike mutual funds, trade like stocks throughout the day.
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Brazil to fine shell, maersk, galp, Sonangol on content rules
Brazil’s oil regulator, known as ANP, will fine Royal Dutch Shell Plc, AP Moeller-Maersk A/S, Galp Energia SGPS SA and Sonangol SA a combined 50 million reais because of failure to meet requirements to use locally manufactured equipment.Marcelo Mafra, an official responsible for the local content rules at the agency, commented on the fine in an interview in Rio de Janeiro today.
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U.S. Corporate credit risk drops as europe debt concerns ease
A benchmark gauge of U.S. corporate credit risk fell for a second day as European officials discussed plans to stem the spread of the continent’s debt crisis, reducing investors concerns.The Markit CDX North America Investment Grade Index, which typically falls as investor confidence improves and rises as it deteriorates, declined 0.7 basis point to a mid-price of 140 basis points as of 1:37 p.m. in New York, according to index administrator Markit Group Ltd. Credit-default swaps on BNP Paribas SA, France’s largest bank, fell 8 basis points to 273 basis points, and swaps on Credit Agricole SA dropped 11.9 basis points to 269.2 basis points at 11 a.m. New York time, according to data provider CMA.The credit swaps index has declined since officials gathered in Washington last week for the annual meetings of the World Bank and International Monetary Fund. Investors are growing more optimistic that policy makers will take steps to protect European banks, according to Noel Hebert, a credit strategist at Mitsubishi UFJ Securities USA Inc. in New York.“There’s a degree of comfort coming out of there,” Hebert said in a telephone interview. “It’s feeding into everything else.”German Chancellor Angela Merkel said yesterday that euro- region leaders must build a firewall around Greece to prevent market attacks on other European states. European Central Bank Executive Board member Lorenzo Bini Smaghi said the ECB will do whatever is necessary to supply sufficient funds to European banks.Credit swaps pay the buyer face value if a borrower fails to meet its obligations, less the value of the defaulted debt. A basis point equals $1,000 annually on a contract protecting $10 million of debt.
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Weidmann expects gGrman economy to expand 0.5% In third quarter
Bundesbank President Jens Weidmann expects the German economy to grow 0.5 percent in the third quarter compared with the previous three months.Weidmann described the growth figure as “quite strong.” He made his remarks in a speech in Washington today.
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Company spreads widen at half the global pace: Australia credit
Relative yields on Australian corporate bonds are rising at half the pace of their global counterparts on prospects the nation’s ties to China will help it weather a global slowdown stemming from Europe’s debt crisis.The premium investors demand to own Australian dollar - denominated company notes widened 52 basis points to 229 basis points since June 30, the most since the first quarter of 2009, Bank of America Merrill Lynch data show. Spreads on U.S. debt expanded 91 to 255, and the gap for global company bonds grew by 99 to 262.Investors are demanding extra compensation to hold all but the safest government bonds as the global economy slows and European policy makers struggle to contain the region’s sovereign-debt crisis. Australia is in better shape than other developed nations, Treasurer Wayne Swan said Sept. 25, with an economy set to grow faster than Europe and the U.S. through 2013 as China’s demand for iron ore and coal spurs the biggest mining boom in more than a century.“Australian corporates operate in a strong economy which has avoided recession for over 20 years,” Vivek Prabhu, a Sydney-based asset manager who helps oversee A$4.6 billion ($4.4 billion) at Perpetual Ltd, said. “Australia’s close geographic and economic ties with emerging economies in Asia such as China, Korea and India have helped insulate our economy from some of the headwinds.”Avoid MarketsCommonwealth Bank of Australia Chief Executive Office Ralph Norris said yesterday the nation’s biggest lender won’t have to raise more wholesale funds in 2011 and is able to stay out of the market for several months if the turmoil persists.While credit-default swaps on Commonwealth Bank surged 90.4 basis points this quarter to 219.7 on Sept. 23, they were the cheapest relative to an index of global peers in at least two years on Sept. 14, CMA and Bloomberg data show.The spread between the interest Australian banks pay when borrowing from each other for three months and swaps tracking expectations for the Reserve Bank of Australia’s benchmark rose 1 basis point yesterday to 39 basis points. The gap, a gauge of banks’ difficulty in accessing funds, closed at 61 on Aug. 8, the highest since January 2009.Australian banks have no investments in Greece, compared with $56.7 billion owed to French banks, according to data as of the end of 2010 from the Bank for International Settlements.Telestra YieldsTelstra Corp., Australia’s biggest phone company, added A$150 million to an existing issue of 7.75 percent bonds due in July 2020 on May 19, pricing the notes to yield 160 basis points more than the swap rate, according to an e-mailed statement at the time. The spread widened to 173 yesterday, Australia & New Zealand Banking Group Ltd. prices show.The yield premium on Deutsche Telekom AG’s 500 million euro of 4.25 percent securities due in March 2020 surged 78 to 146 in the same period, BNP Paribas SA prices show.Australia’s economy will expand 1.84 percent in 2011 before accelerating 4.25 percent in 2012, the fastest pace since 2007, according to strategists’ estimates compiled by Bloomberg. Gross domestic product in China, Australia’s biggest trading partner, will surge 9.3 percent and 8.7 percent, separate surveys show.Citigroup Inc. and UBS AG have cut forecasts for global growth as the sovereign crisis that began in Greece spreads to larger European economies and threatens the region’s common currency, pushing the MSCI All-Country World Index of stocks in 45 nations into a bear market for the first time in more than two years.Merkel’s FirewallGerman Chancellor Angela Merkel said Sept. 25 that euro- region leaders must erect a firewall around Greece to avert a cascade of market attacks on other European states that would risk breaking up the currency area.
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Oracle may acquire industry-specific software
Oracle Corp., facing mounting competition from smaller, “boutique” rivals, may make deals to acquire industry-specific software, co-President Mark Hurd said.The company is focused on so-called vertical markets, such as financial-services customers, and acquisitions could be a part of that strategy, Hurd said today in an interview. Still, Oracle doesn’t feel the need to make a deal, he said.
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Canada bank stocks rise on Erope optimism
Canadian stocks swung between gains and losses as banks gained on speculation Europe will stem its debt crisis while precious metal producers declined as investors sold gold and silver to cover losses in other assets.Royal Bank of Canada, the country’s largest lender by assets, advanced 1.5 percent after German Chancellor Angela Merkel called for an expansion to the continent’s rescue fund. Ivanhoe Mines, which is building a copper and gold mine in Mongolia with Rio Tinto Group, plunged 12 after the government of Mongolia sought to increase its stake in the project. Tahoe Resources Inc., which explores for silver in Guatemala, fell 11 percent as the metal erased its gain for the year.The Standard & Poor’s/TSX Composite Index lost 21.79 points, or 0.2 percent, to 11,441.08 at 1:05 p.m. Toronto time after closing at the lowest level since July 2010 on Sept. 23.“Over the last week we’ve seen anti-inflation trading as people are selling off gold, selling off silver,” Marcus Xu, director of equity investments at Genus Capital Management in Vancouver, said in a telephone interview. The firm oversees C$1.7 billion ($1.7 billion). “With new worry about slowing growth people are looking to put money in big liquid names that pay dividends and banks are natural places to be in Canada.”Canada’s stock benchmark slumped 6.5 percent last week, the most since March 2009, as economic data from Europe, North America and China were more indicative of a slowdown than most economists had forecast in Bloomberg surveys. Crude oil declined 9.2 percent while gold sank 9.6 percent and silver plunged 26 percent as investors sold commodities to cover losses in other assets. Energy and raw-materials companies make up 47 percent of Canadian stocks by market value, according to Bloomberg data.Erasing GainThe S&P/TSX Gold Index fell for a fourth day as the precious metal slid below $1,600 an ounce, while silver erased its gains for the year.Kinross Gold Corp., Canada’s third-biggest gold producer, slumped 2.2 percent to C$15.32. Goldcorp Inc., the world’s second-biggest company in the industry by market value, lost 0.7 percent to C$46.63. Detour Gold Corp., the company exploring for gold in northern Ontario, decreased 5.7 percent to $30.21.Silver Wheaton Corp. fell 1.3 percent to C$32.81 after dropping to C$31.64, the lowest intraday price since July 4. Tahoe Resources slid for a third day, falling 11 percent to C$15.01. Michael Gray, an analyst at Macquarie Group Ltd., lowered his 12 month price estimate on the shares to C$23 from C$27.12-Month LoansCanadian banks advanced amid speculation that the European Central Bank may restart covered-bond purchases next week and cut interest rates next month. The reintroduction of 12-month loans to banks will also be discussed at the ECB’s Oct. 6 policy meeting, a euro-region central bank official said, who spoke on condition of anonymity because the information is confidential.Royal Bank of Canada climbed 1.5 percent to C$46.79. Toronto-Dominion Bank, the country’s second-largest lender by assets, advanced 1.4 percent to C$71.95. Bank of Montreal, Canada’s fourth-largest lender by assets, rose 2 percent to C$57.06.Mongolian ProjectIvanhoe Mines erased 12 percent to $14.47, the most intraday since December 2010. The company is half-way through completion on a project in Mongolia that will be one of the world’s five-biggest copper mines, according to Rio Tinto Group.The government of the Asian country is seeking to boost its stake in the mine to 50 percent from 34 percent, Dashdorj Zorigt, Mongolia’s minerals minister, told reporters at Oyu Tolgoi yesterday. Such an increase is permitted only after 30 years, according to a summary of the $10 billion project agreement from London-based Rio, which said the new proposal may alarm foreign investors.
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Prolamina hires two new executives
Prolamina Corporation said it has hired Matthew Conlin as vice president of sales and Paul Schabow as vice president of procurement.
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Sigma Plastic Services donates software to Penn State Erie
Sigma Plastic Services has donated Sigmasoft polymer process simulation software to Penn State Erie’s School of Engineering at Penn State Erie, The Behrend College, a gift valued at $3.7 million.
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First Industrial Realty Trust closes $77.6 million financing deal
PRNewswireCHICAGO — First Industrial Realty Trust said it has closed on a secured financing transaction with a life insurance company for gross proceeds of $77.6 million.The financing is secured by 24 buildings totaling approximately 2.3 million square feet. The properties are located in Tennessee, Ohio, Illinois, Minnesota, Texas, Wisconsin, and California. The term of each of the loans which comprise the financing is 10 years, with the interest rate fixed at 4.85% over a 30-year amortization schedule. The loan-to-value ratio for this financing was approximately 70%.“This new financing enhances our capital flexibility at an attractive rate and terms, as we execute our strategy to drive value from our portfolio and future investments,” said Bruce W. Duncan, president and chief executive officer of First Industrial.“Through our relationship with our financing partner, we were able to efficiently complete this mutually beneficial transaction,” said Robert J. Walter, senior vice president of capital markets.First Industrial Realty Trust is an owner and operator of industrial real estate and provider of supply chain solutions to multinational corporations and regional customers.
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Netflix signs streaming deal with DreamWorks
Netflix has signed a deal with DreamWorks to stream its movies and TV specials beginning in 2013. Netflix Inc. said Monday that the multi-year licensing deal will make it the exclusive subscription TV service for first-run films and select television specials from DreamWorks Animation SKG Inc.
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Bankrate: decline of free checking accelerates
Shares of the following companies may have unusual moves in U.S. trading tomorrow. Stock symbols are in parentheses and prices are as of 7:30 a.m. New York time.
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National gas prices down 12 cents in past 2 weeks
The average price for a gallon of gasoline in the U.S. has dropped 12 cents over the past two weeks. That's according to the Lundberg Survey of fuel prices, released Sunday. It puts the average price of a gallon of regular at $3.54.
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Israel shekel, bond yields weaken to 2-week low on rate bets
The shekel dropped the most in a week as speculation interest rates may fall in coming months reduced the allure of assets denominated in the currency.The central bank, led by Governor Stanley Fischer, probably will hold the benchmark lending rate at 3.25 percent today for a fourth month after inflation accelerated in August, according to 20 of 22 economists in a Bloomberg survey. Two predicted a quarter-point cut.“Foreign investors are slowly moving out of shekel positions as the rate differential with the U.S. may not widen and is expected to narrow in coming months,” Eytan Admoni, head of the international department at Bank of Jerusalem Ltd., said by telephone. “Interest rates may not be cut as early as today as inflation in August was higher than forecast but prices are expected to come down on the back of a slowdown in the global economy.”The currency lost 0.5 percent to 3.7204 per dollar at 3:06 p.m. in Tel Aviv after dropping as much as 1.1 percent, the most in a week. The two-year breakeven rate, which reflects market expectations for inflation over the period, was little changed at 189 basis points. That implies an average annual inflation rate of about 1.89 percent over the period. The yield on the CPI-linked bond due June 2013 dropped eight basis points, or 0.08 percentage point, to 1.13 percent.August PricesConsumer prices advanced in August 0.5 percent from the previous month as housing costs rose 1.3 percent, the largest monthly increase since February, the Central Bureau of Statistics said Sept. 15.The country’s Purchasing Managers Index declined to 48.4 in August from 49.4 in the previous month, Bank Hapoalim Ltd. said in a report today. The unemployment rate was 5.4 percent in July, the same as in the previous month, the Central Bureau of Statistics said in an e-mailed statement today.The yield on the Mimshal Shiklit bond due January 2020 fell five basis points to 4.49 percent, the lowest since Sept. 11. The rate on the 5.5 percent bond maturing in January 2022 dropped four basis points to 4.69 percent. The Tel Aviv Bond 40 Index, which measures inflation-linked and fixed-rate corporate bonds, gained for a second day, increasing 0.7 percent.Economic GrowthFischer said Sept. 18 that he is concerned about the possible effects of a global slump on Israeli exports. The Bank of Israel last week cut its growth forecast for next year to 3.2 percent from 3.9 percent citing expectations for slower export growth. The IMF forecast for Israel is for economic growth of 3.6 percent in 2011.The economy will probably grow 5 percent this year, led by investment in fixed capital including housing, the official statistics office said today.Finance Minister Yuval Steinitz said in a Sept. 20 interview in New York that the shekel’s drop this year is sufficient to benefit the economy and the government doesn’t plan to push for further weakening. The currency accelerated declines after the comments to 5.4 percent against the dollar this year from 4.3 percent amid growing concern that the global economy is headed for a recession.Steinitz said further declines in the currency could affect inflation. “If it’s too weak, then the cost of living is going up, the imported commodities will be more expensive.”The shekel is the fifth-worst performer among the 10 most- active Europe, Middle East and Africa currencies this year, according to Bloomberg data.Bond AuctionThe Finance Ministry raised 1.45 billion shekels ($389 million) at debt auctions today. The sale included 250 million shekels of 5.5 percent bonds due in January 2022 at an average price of 108.94. That compares to a current market price of 109.18.
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Italy’s Eni: Oil production resumes in Libya
ROME — Libya has resumed oil production for the first time since the civil war, tapping 15 wells and producing some 31,900 barrels per day, Italian energy giant Eni said Monday.Eni said production had resumed at the Abu-Attifel fields, about 300 kilometers south of the city of Benghazi. Other wells would be reactivated soon to reach the “required volumes to fill the pipeline” between the Abu-Attifel field and the Zuetina port.The operations are being conducted by Mellitah Oil & Gas, a partnership between Eni and Libya’s state-run National Oil Corp.Before the protests against Libyan strongman Moammar Gadhafi in mid-February morphed into a full-scale civil war, Eni was producing 273,000 barrels of oil equivalent per day in Libya. The country sits atop Africa’s largest proven reserves of conventional crude.With a small population of only 6 million, Libya raked in $40 billion last year from oil and gas exports. Experts say it could take about a year or more to get back to its pre-war production of 1.6 million barrels a day.Earlier this month, Eni CEO Paolo Scaroni visited Tripoli to lay the groundwork for relaunching gas exports to Italy via the Greenstream pipeline, which can carry roughly 10 billion cubic meters of natural gas per year. It hasn’t been operational since late February.Scaroni has set Oct. 15 as an optimistic deadline to restart the gas flow.
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OTP’s Biro Buys 2,000 Company Shares at 2,995 Forint Each c.2011 Bloomberg News
Sept. 26 (Bloomberg) -- OTP Bank Nyrt., Hungary’s largest lender, said board of directors member Tibor Biro bought 2,000 company shares at an average price of 2,955 forint each, according to a statement the lender sent to the Budapest bourse today.To contact the editor responsible for this story: Zoltan Simon at zsimonbloomberg.net
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Emerging Stocks Retreat for a Fourth Day; Czech Equities Surge c.2011 Bloomberg News
Sept. 26 (Bloomberg) -- Emerging-market stocks dropped for a fourth day, with the benchmark index headed for a two-year low, on concern Europe’s debt crisis will threaten global growth.The MSCI Emerging Markets Index fell 0.6 percent to 856.61 at 1:09 p.m. in London, set for its lowest close since September 2009. Thailand’s SET Index tumbled 5.7 percent, the world’s biggest decliner, after the central bank said it may cut its economic growth forecasts. The Micex Index jumped 2.8 percent in Moscow after Prime Minister Vladimir Putin said he would run for president. Czech stocks surged the most in 16 months as bank shares rebounded across Europe.European policy makers are facing increased pressure to do more to stop their sovereign debt crisis from further weakening the world’s financial markets and economy. U.S. Treasury Secretary Timothy F. Geithner warned at the annual meeting of the International Monetary Fund that failure to combat the Greek-led turmoil threatened “cascading default, bank runs and catastrophic risk.”Volatility is “here to stay until Europe comes up with a program that people think is credible,” Markus Rosgen, a Hong Kong-based strategist at Citigroup Inc., said in an interview on Bloomberg Television. “In the meantime, what you’ve got are equity markets that are already cheap and getting cheaper and cheaper. Everyone’s just watching Europe.”Benchmark indexes jumped 2.8 percent in Poland and 5.8 percent in the Czech Republic as banking stocks rallied across Europe after Bank of France Governor Christian Noyer was quoted by Journal du Dimanche yesterday as saying that French banks had enough capital to withstand any Greek losses.ECB Bond PurchasesEuropean Central Bank policy makers are likely to next week debate restarting their covered-bond purchases along with further measures to ease monetary conditions, a euro-region central bank official said, speaking on condition of anonymity.Mark Mobius, who oversees about $50 billion at Templeton Asset Management, told CNBC yesterday his fund likes banks and commodity companies in central and eastern Europe, naming Erste Group Bank AG, which trades in Prague, and Raiffeisen Bank International AG as examples of Austrian lenders with an “incredible scope” in the region.The jump in the PX Index in Prague was led by a 17 percent increase in Erste shares.The ISE National 100 Index gained 2 percent in Istanbul.OAO Lukoil, the Russian oil company with the most overseas assets, jumped 4.2 percent, the most since February. OAO Gazprom, the world’s biggest natural gas producer, rallied by 2.9 percent.South Korea’s won and Indonesia’s rupiah each depreciated by at least 2 percent versus the dollar.Thailand, PhilippinesThailand’s benchmark stocks index suffered its largest drop since Oct. 27, 2008, after the central bank said it may cut its economic growth projections amid the global economic slowdown. Inflation expectations aren’t likely to increase and the Bank of Thailand has “closed the gap somewhat” on normalizing borrowing costs, Prasarn Trairatvorakul, the Bank of Thailand’s governor, said in an interview in Washington on Sept. 24. The bank is due to unveil forecasts next month.The Thai gauge has lost more than 20 percent from Aug. 1, when it closed at the highest level since 1996. Some investors regard a drop of 20 percent or more from a recent high as a bear market.The Philippine Stock Exchange Index sank for a fifth day, losing 4.2 percent to close at the lowest level since Sept. 2, 2010.ChinaChina’s Shanghai Composite Index dropped 1.6 percent to its lowest close since July 5, 2010, as comments from the central bank governor that inflation remains the nation’s “top concern” overshadowed record-low equity valuations.The extra yield investors demand to own emerging-market debt over U.S. Treasuries fell four basis points, or 0.04 percentage point, to 458, according to JPMorgan Chase & Co.’s EMBI Global Index.
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German govt confident on euro rescue fund
Senior government lawmakers said Monday they're confident that German Chancellor Angela Merkel's coalition will stand firm behind plans to beef up the eurozone rescue fund when parliament votes later this week.
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Facebook policies tricky for employers, workers
In the age of instant tweets and impulsive Facebook posts, some companies are still trying to figure out how they can limit what their employees say about work online without running afoul of the law.
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SEC may recommend legal action against S&P
The staff of the Securities and Exchange Commission is considering recommending civil legal action against the Standard & Poor's debt ratings agency over its rating of a 2007 collateralized debt offering.
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Iowa won't file charges in turkey plant case
Iowa won't pursue criminal charges against a Texas company that's accused of exploiting developmentally disabled workers at a turkey plant in eastern Iowa.
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Obama sells jobs plan in Silicon Valley
President Barack Obama is on the road selling his jobs plan — and his re-election hopes — to plugged-in networkers in Silicon Valley and around the country.
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Samsung seeks iPhone, iPad sale ban in Dutch court
Samsung asked a Dutch court Monday to slap an injunction on Apple Inc. to prevent it from selling iPhones and iPad tablets in the Netherlands, saying Apple does not have licenses to use 3G mobile technology in the devices.
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Do hospitals' freebies undermine breast-feeding?
Jessica Ewald brought more than a new baby boy home when she gave birth earlier this year. Like many new moms, she got a hospital goody bag, with supplies including free infant formula and formula coupons.
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Video producer gains international attention
Video producer Pasquale Iannino will be heading to Porto, Portugal, via Schaumburg, Lombard and even Guyana, to collect an international video award. The president and creative director of Rockit Projects Inc. earned a first-place award from the ART/TUR International Tourism Film Awards for “newest innovative short promotional film.”
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Oil near $79 as Europe debt crisis moves awaited
Oil prices fell below $79 a barrel Monday in Asia as markets awaited Europe's next moves to tackle a prolonged debt crisis that threatens to drag the continent into recession.
Life & Entertainment
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Songwriter, gospel singer Jessy Dixon dies at 73
Jessy Dixon, a singer and songwriter who introduced his energetic style of gospel music to wider audiences by serving as pop singer Paul Simon's opening act, died Monday. He was 73.
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Native species attract wildlife, help retain and filter water
To Dorothy Nelson the answer is clear — conservancy areas like the ones she helps oversee at the Estates of Inverness Ridge are definitely assets. The wildlife — like goldfinches and other birds enjoying the blooming flowers on a recent day — bring obvious delight to her and Cari Brennan, another member of the community’s conservancy committee. Having a natural area for a backyard provides another perk for someone like Nelson, who once lived on a golf course and likes the privacy provided by a stretch of undeveloped land.
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Introducing our new medical columnist — Dr. K
Regular readers of this space are familiar with the Ask Dr. Gott column. This is the first of a new column: Ask Doctor K by Dr. Anthony Komaroff, who is a practicing doctor. Like Dr. Gott, I will respond to reader questions. I hope you will find my comments as helpful as Dr. Gott's were. “The most important thing I do is explain — explain what I think is wrong, and why, and explain what needs to be done, and why.”
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‘Circus' stuffed with 3 rings of wonder
Let's go ahead and get the obvious adjectives for Erin Morgenstern's debut novel, “The Night Circus,” out of the way: Magical. Enchanting. Spellbinding. Mesmerizing. Morgenstern — in much the same way as her cast of magicians and performers might — builds a fantastic creation out of words and spells and ink and paper and the power of imagination. And like her colorful characters, she's not dealing in illusions and sleight of hand.
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Detroit's decline inspires Flogging Molly's latest
Flogging Molly lead singer and lyricist Dave King took the saying “write what you know” to heart on his band's latest album. “Speed of Darkness” was written primarily in Detroit, a city hit harder than most by the economic downturn of the past few years.
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Dad needs advice for a daughter dealing with possible infertility
Dad realizes he put his foot in his mouth when his daughter confided her infertility concerns to him. How can he remedy his mistake?
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Your Health: Don't overthink things
When the going gets tough, sometimes the tough make embarrassing last-minute mistakes, says The Washington Post. In her book, “Choke” (Free Press, $15), newly available in paperback, psychologist Sian Beilock examines the mental forces that drive golfers to miss easy putts, cause businessmen to bungle presentations and may have caused you to nuke yourself during that Mario Cart match against your housemates last weekend.
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New implant may be quiet solution to sleep apnea
A new implanted device that might relieve sleep apnea is now in national clinical trials at 12 U.S. medical centers. The Inspire implant uses technology that is similar to a cardiac pacemaker.
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Experts offer exercise options for the deskbound
With fall upon us, it's time to head back to the daily grind. But work today doesn't usually mean breaking a sweat. More and more of us are spending our 9 to 5 at a desk — and we're less healthy as a result. Now a few creative types have come up with ideas to increase workplace activity, such as the treadmill desk. Fitness experts are also promoting low-cost — if occasionally funny-looking — options for improving your fitness during office hours.
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Classic recollections: 1956 Ford Fairlane Sunliner
Exposure to perilous weather isn't the only threat to old vehicles. Ron Grove and his dad quickly learned this during their search for a father-son restoration project in 1989. That's when they found was this 1956 Ford Fairlane Sunliner, tucked away in a Plymouth, Ind., barn. While the barn had protected it from the harsh elements, it did nothing to ward off the disastrous effects of the amateur "repairs" that had been made on the vintage cruiser.
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Chef revels in German cooking all year long
As the chef at Bauer's Brauhaus in Palatine, Jason Bauer is enthusiastic about all things German. The restaurant, which he owns with several family members, opened last January featuring traditional German food prepared with modern twists from organic, locally grown ingredients.
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Bauer’s Steamed Mussels
Steamed Mussels: Jason Bauer
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Bauer’s German Potato Salad
German Potato Salad: chef Jason Bauer
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‘Lion King' chases off Brad Pitt for No. 1 spot
Brad Pitt was unable to put the cat out of first place at the weekend box office. Walt Disney's “The Lion King” reissue was No. 1 for the second-straight weekend with $22.1 million, according to studio estimates Sunday. That puts it just ahead of Pitt's baseball drama “Moneyball,” a Sony Pictures release that opened at No. 2 with $20.6 million.
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Hoover students put academic talents to work in garden project
Students and faculty members will gather on Monday for the dedication of a new concept within Schaumburg schools: the Hoover Math and Science Academy. The open-enrollment school aims to offer a unique learning environment for students. And it all starts with their innovative community garden project, started more than 18 months ago as part of an intergenerational project with senior residents at Friendship Village in Schaumburg.
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Vigorous exercise key to longer life, study finds
Intense exercise adds more years to your life than more moderate activity, researchers said after studying the bicycle commuters who fill Copenhagen’s streets. Men who described themselves as vigorous cyclists lived 5.3 years longer than self-described dawdlers, according to scientists. The difference was less pronounced for women, with fast bikers outliving slow ones by 3.9 years.
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Sexual function a concern following prostate cancer
A new study addresses one of the most worrying questions faced by men with prostate cancer: What are my chances of losing sexual function after treatment? The answers vary greatly by age, sexual potency before treatment, PSA levels and whether a man has surgery, standard radiation or radioactive seeds, the study found.
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Kids get more exercise without hovering parents
Want your kids to get more exercise when they go to the park? Don’t go with them. A study published in the September issue of the American Journal of Preventive Medicine looks at the way 2,712 kids, most them age 12 and younger, used parks for physical activity.
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Corneal abrasion a common eye injury for kids
Corneal abrasions are superficial scrapes to the outer lining of the eye. Experts at the National Institutes of Health explain that corneal abrasions can result from damage due to chemical irritants, contact lens overuse, scratches, foreign bodies or light exposure. An an article in the American Family Physician journal, reports that corneal abrasion is the most common pediatric eye injury treated in emergency rooms.
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Mental illness can worsen chronic diseases, CDC warns
Mental illness worsens the effects of chronic illnesses such as cancer and heart disease, the Centers for Disease Control and Prevention said in a report that urged better surveillance of depression and anxiety disorders. People with mental illnesses are less likely to seek medical care and stick to treatments for chronic physical diseases, according to research published in the Atlanta- based CDC’s Morbidity & Mortality Weekly Report.
Discuss
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Public deserves details of Gurnee police chief buyout
A Daily Herald editorial says Gurnee board members and residents deserve a real explanation about the allegations that preceded Police Chief Robert Jones' sudden decision to retire.
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Juvenile prisons not cost effective
Closing a juvenile facility makes sense. Illinois now has the opportunity to join a host of states that are rapidly shifting reliance from expensive — and ineffective — juvenile prisons to more effective community treatment.
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Smog decision puts lives at risk
For too long, smog pollution has left our children gasping for breath. Unfortunately, rather than acting decisively to protect our kids from this dangerous air pollution, on Sept. 2 President Obama announced that he will not update critical air quality standards for smog pollution until 2013. This decision was made despite a unanimous recommendation by the independent board of air experts and scientists created under the Clean Air Act to ensure that the standards be sufficiently strong to protect public health.Exposure to smog triggers asthma attacks, causes permanent lung damage, and can even lead to premature death. In Illinois alone, almost 250,000 children and over 700,000 adults experience asthma attacks every year. Environment Illinois deeply disappointed with Obama’s decision to delay cleaning up smog pollution, and calls on the president and Congress to do more to protect Illinoisans’ health in the coming weeks and months. Bruce Ratain Environment Illinois Chicago
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Has Will shifted position on ruling
As National Review commentator Matthew J. Franck explains, “This is the same George Will who in 1996 described Lochner as standing for the proposition that “the court can overturn laws it considers unwise.” Later the same year, he called Lochner’s brand of substantive due process the “tendentious doctrine that many government actions distasteful to judges can be baldly declared to be the results of constitutionally impermissible processes.”
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The housing bust has a good side
As they say, with pain comes gain. The collapse in house prices could help the environment, stabilize family finances and strengthen our economic base over the long term.
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Thinks ‘coffees’ are really campaign stops
Letter to the editor: Roger Bianco of Elk Grove Village questions Schaumburg Township Assessor John Lawson's motives, after Lawson announced he would hold public sessions to help residents with their tax bills.
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Lake Arlington path as dangerous as ever
Letter to the editor: Barbara Ilic, who wrote last month to complain about the speeding bikes and rollerbladers around Lake Arlington, says nothing has gotten better over there since her last letter.
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Opposes tax hike sought by Arlington Hts. Park District
Letter to the editor: Arlington Hts,. resident says now is no time for the park district to ask for a tax increase -- "A time when we are in a recession and millions of people are out of work and there are millions of homes in foreclosure."
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Complains Dist. 214 budget is just paper
Letter to the editor: Roland Ley writes that District 214's boast of a balanced budget will be hollow until they compare the budget to actual spending. "The board never, and I mean never, compares the budget to actual performance," he complains.
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Kill the weeds, and road will last longer
Letter to the editor: Arlington Hts. writer points out that the weeds growing near the new Dundee Road bridge over Route 53 will eventually undermine the pavement, so he suggests the village stick to a weed-eradication program.
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Wants D15 to bag idea of student farm
Letter to the editor: District 15 resident thinks starting a farm with the district's vacant 40 acres is a waste of money, land and educational resources, even if it is supported by donations.
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9/11 service went off topic, he feels
Letter to the editor: An attendee at the 9/11 memorial service in Mount Prospect says he is disappointed two of the speakers used the occasional to justify Republican policies.
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Proof that firefighters should be employees
Letter to the editor: The quick response to a fire at their Rolling Meadows home has convinced this couple that outsourcing firefighting services is, and forever will be, a bad idea.
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Angry at Arlington Heights for ticket
Letter to the editor: A Wheeling couple's evening in downtown Arlington Heights was spoiled when they got back to their car and found a ticket on the windshield for backing into the parking space.
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Amazon signs deal to stream Fox movies
Amazon.com Inc. has signed a deal to stream Fox movies and TV shows including "24" and "Arrested Development" to members of its Amazon Prime premium shipping program.
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Death penalty a coldblooded abomination
I stayed up late last Wednesday in hopes that the U.S. Supreme Court would call off the execution of Troy Davis. Instead, at 11:08 p.m., he was pronounced dead. One minute he was lifting his head from the death gurney, pleading his innocence in the killing of a police officer 22 years ago and beseeching God to bless the souls of his executioners. Then the drugs entered his veins, he blinked a few times, appeared to yawn, according to witnesses, and entered the sleep from which there is no waking. Over. Next? Would that there were no next. I’m no wimp when it comes to justice and spent the first few decades of my life backstroking in the Old Testament. An eye-for-an-eye was fine by me. But I have matured and these days wear glibness — and righteousness — like a hair shirt. Satisfaction can never come from the termination of a human life except to protect one’s own and that of one’s dependents. Thus, our barbaric practice of capital punishment, premeditated and coldblooded, is, since we’re in a biblical mood, an abomination. That we grant the state the power to end a citizen’s life is a harrowing-enough thought. That we do so even when we know with certainty that sometimes innocents are killed is beyond comprehension. In Davis’ case, opinions clearly differed. Seven of the nine witnesses who once identified him as the shooter have since recanted. Even so, a federal judge ruled last year that the recantation testimony cast “minimal doubt” on Davis’ conviction. Minimal? Isn’t any level of doubt enough? Apparently, even the Supreme Court didn’t think so. After delaying Davis’ execution for four hours on Wednesday, the court allowed the execution to proceed. The fact of those recantations surely should create sufficient doubt, not to exonerate Davis but at least not to kill him — even if you support the death penalty, as many sane and lovely Americans do. That said, I’m not so sure a sane and lovely person would or should cheer the death penalty, as audience members did recently upon Texas Gov. Rick Perry’s expression of pride in his administration of ultimate justice. More convicted individuals have died in Texas under Perry’s watch than in any other state. Though death is nothing to celebrate, I understand the desire for justice. I’ve experienced the horror of murder up close. Three members of my extended family have died at the hands of others, and I wish the perpetrators a toasty eternity. But my killing them doesn’t restore anyone’s life. It merely makes me a killer. Nevertheless, I don’t judge those for whom the ultimate justice brings solace or that most prosaic of catharsis — closure. Everyone understands the reflex to destroy the destroyer. But I do judge us. This nation. This society. This culture. The urge for justice and its close relative, revenge, is human, which is by definition also to err. For justice to have any meaning, it must also mean that no innocent person should ever be executed. Some argue that the relatively rare and unintentional death of an innocent, if not justifiable, is at least tolerable toward the greater end of punishing the guilty, which is most often the case. During years of covering criminal courts, I was mostly surprised that anyone ever is convicted given the strict standards of proof. Thanks to DNA testing, we also know that scores have been on death row who shouldn’t have been. Extrapolating, we can safely conclude that some innocents have been wrongfully executed. These facts alone should be all we need to retire the guillotine in hopes that we might yet evolve to a higher level of humanity. Never mind the other factual arguments that capital punishment is not an effective deterrent and that, given our appeals process, executing someone is more expensive than keeping him in prison for life.
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