economy

Election 2014
3:55 pm
Thu August 14, 2014

Callis Says Plenty Of People Worried About Jobs, Economy

Ann Callis
Credit WUIS

Ann Callis says she has talked to people throughout the 13th congressional district during her campaign and one theme comes through loud and clear.

"It all comes down to jobs. People want good, livable wage jobs," she said.  The Democratic candidate stopped in Springfield Wednesday to attend party events in connection with the Illinois State Fair.  

"(People) worry about their future.  I hear from college students. They worry about student loans.  From people that have graduated, they worry about student loan debt."

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Housing
1:56 pm
Mon May 12, 2014

Lawmakers Consider Tax Credit For Distressed, Vacant Communities

Credit Wikimedia Commons

  Lawmakers are exploring a way to stabilize Illinois communities hit hard by the Great Recession. Advocates say a statewide property tax credit would boost development in blighted areas.

When houses are left vacant, it drives down property values for the entire block. In Cook County alone, there are an estimated 55,000 such vacancies.

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WUIS Engage Breakfast
12:48 pm
Sun April 13, 2014

The Impact of Education on the Local Economy

Chris Farrell, Marketplace
Credit APM

Join WUIS in an important community conversation at the first 

A WUIS ENGAGE BREAKFAST
May 2, 2014, 8-9:30 a.m.
Hoogland Center for the Arts - Theatre III
AUDIO SPECIAL COMING SOON!

Special guest, Chris Farrell, is coming to Springfield to share his thoughts and take your questions about education and our local economy.   

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Illinois Issues
12:00 am
Tue April 1, 2014

End and Means: Reports Say Tax Cuts Won't Spur Economic Development

Charles N. Wheeler III
Credit WUIS/Illinois Issues

  Guess what? 

State tax cuts don’t improve economic growth.

No, that’s not an April Fool’s Day zinger.

Rather, it’s the conclusion of a report issued last month by the Fiscal Policy Center at Voices for Illinois Children, a nonpartisan advocacy organization for the state’s youngsters (Poor Finances, Uncertainty about Looming Revenue Collapse Threaten State Economy).

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Economy
5:52 am
Fri September 6, 2013

Departing Chamber President: Politicians Not Doing Enough To Create Jobs

Doug Whitley, 63, will retire next year after a dozen years as president of the Illinois Chamber of Commerce. He submitted his resignation Thursday at the chamber's board meeting. " “It will be good for the Illinois Chamber to have a new leader with a fresh perspective when the next gubernatorial administration starts, whether Gov. Pat Quinn is re-elected or we have a new governor,” Whitley said in a statement.
Credit Amanda Vinicky

After twelve years as President of the Illinois Chamber of Commerce, Doug Whitley's retiring next year.

Whitley says he's leaving disappointed, as the latest data showed Illinois with the second highest unemployment in the nation, behind Nevada.

And he says political leaders haven't done enough about it, except for one - Chicago's mayor: "With the exception of Mayor Rahm Emanuel, I don't hear any other political leaders in our state talking about jobs, trying to recruit jobs, trying to announce new jobs and showing a sincere concern with unemployment," Whitley says.

Economy
8:30 pm
Thu August 22, 2013

Illinois Unemployment Second Highest In Nation

Credit IDES

With national unemployment at its lowest level since the start of the Great Recession, the numbers keep going the wrong way in several parts of Illinois.

Peoria, Danville, and Decatur all saw unemployment increase by more than a percentage point.

Still, Gov. Pat Quinn defends his administration's efforts at building the economy.  Thursday, he announced that a German manufacturer will move its U-S headquarters to Schaumburg, a Chicago suburb, a move Quinn says could create 40 jobs.

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Illinois Issues
12:00 am
Mon April 1, 2013

Editor's Note: The Economic Future is Bleaker for Post-Boom Generations

Dana Heupel
Credit WUIS/Illinois Issues

As I grow older, I reflect more on the past and worry more about the future, not just for myself but for my grandchildren, whose ages range from 2 months to 10 years. 

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Illinois Issues
12:00 am
Mon November 1, 2010

Federal Intervention: Is the Stimulus Program Invigorating Illinois' Economy?

(Click to Enlarge)
Credit State of Illinois

Although the federal stimulus package is increasingly unpopular among the American public, there’s little doubt that Illinois’ top Democrats support it. In mid-September, U.S. Sen. Dick Durbin and Gov. Pat Quinn came to Alton to tout the fact that Illinois became the first state in the nation to start work on high-speed rail improvements paid for by the stimulus bill.

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Illinois Issues
12:00 am
Mon November 1, 2010

Ends and Means: What About the Deficit?

Charles N. Wheeler III
Credit WUIS/Illinois Issues

Years ago, a group of legislative back-benchers dubbed themselves “The Mushroom Caucus.” The moniker was apt, they explained, because leadership “keeps us in the dark and feeds us horse [manure].”

If Illinois voters are feeling a strong sense of kinship with those old-time lawmakers just a few days after the November election, they certainly can’t be blamed.

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Illinois Issues
12:00 am
Thu April 1, 2010

Ends and Means: Leaders Have Responded Abysmally to the State's Fiscal Crisis

Charles N. Wheeler III
Credit WUIS/Illinois Issues

Illinois faces its worst fiscal crisis in eight decades, a daunting challenge for the state’s purported leaders. So how have they responded?

In a word, abysmally. Indeed, the leadership deficit almost rivals the state’s dollar shortfall. Consider:

In his budget memo last month — at 21 minutes, too short and devoid of specifics to merit being called an address — Gov. Pat Quinn essentially punted.

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Illinois Issues
12:00 am
Tue December 1, 2009

Ends and Means: Illinois Makes List of States in Fiscal Peril

Charles N. Wheeler III
Credit WUIS/Illinois Issues

  Illinois made the Top 10 last month.

Not Bruce Weber’s Fighting Illini, a disappointing 4-2 and unranked through the first six games of the young basketball season.

Rather, the Prairie State itself, tied for ninth with Wisconsin in a national ranking of states on shaky financial footing. The top spot went to California, so Illinois’ elevated status is nothing to brag about.

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Illinois Issues
12:00 am
Thu October 1, 2009

Ends and Means: Lawmakers Boot the Tough Choices Into Next Year

Charles N. Wheeler III
Credit WUIS/Illinois Issues

“Wait ’til next year,’’ for more than a century the lament of long-suffering fans of the Chicago Cubs, aptly describes the approach Illinois leaders are taking to the state’s budget woes heading into the fall legislative session this month.

Consider the setting:

• The bills keep piling up, to the tune of $2.8 billion and counting at the end of the last budget year, according to the state comptroller’s office.

• Thousands of state workers face layoffs, adding to a jobless total already at its highest level in 26 years.

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