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  #1421  
Old Posted Mar 23, 2012, 8:57 PM
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As someone who is from the suburbs, I respect Chicago for being the base of the whole region, but I also think about the whole region. Having Kraft just stay in the metro is still good for everyone. I think on this site people snub the suburbs just because of the suburban lifestyle (which I do think is unsustainable) but the fact of the matter is that a lot of people do live there and they affect Chicago just as much as Chicago affects them. Therefore, while seeing growth in and into Chicago is encouraging, growth in the suburbs is just as important for the strength of the metro area as well.
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  #1422  
Old Posted Mar 23, 2012, 10:05 PM
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Originally Posted by the urban politician View Post
^ You know, I hate to diss on SF--I really like the place--but I can't help but agree here.

If it weren't for a hugely successful industry that originated from and is almost entirely based out of a region quite a ways outside of the city, San Francisco today would be little more than a pretty, liberal version of Cincinnati.
And not just any region, but one defined by sprawling corporate campuses. I don't think it's a diss, though. Chicago heavily depends on its suburban hinterlands, too. Most cities do. And I'm sure proximity to San Francisco is a reason for Silicone Valley's success. The fact is just that the Bay Area is a lot more decentralized: Many of the things the region is famous for—its universities (UC-Berkeley and Stanford), the high-tech industry, and some of its best restaurants (like the French Laundry and others in Napa and Sonoma counties)—like you said, originated from and are almost entirely based out of regions outside, and in some cases far outside, the city.

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Originally Posted by BorisMolotov View Post
As someone who is from the suburbs, I respect Chicago for being the base of the whole region, but I also think about the whole region. Having Kraft just stay in the metro is still good for everyone. I think on this site people snub the suburbs just because of the suburban lifestyle (which I do think is unsustainable) but the fact of the matter is that a lot of people do live there and they affect Chicago just as much as Chicago affects them. Therefore, while seeing growth in and into Chicago is encouraging, growth in the suburbs is just as important for the strength of the metro area as well.
It's not just the suburban lifestyle, but the fact that companies like Kraft fled the city in the '70s and contributed to its decline. The suburbs sapped Chicago of much of its strength.
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  #1423  
Old Posted Mar 24, 2012, 5:42 PM
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^ Yes but they're still in the area, and while Chicago as a municipality may have weakened the area retained the business. Plus Kraft's in Cook County anyway, so Chicago's still seeing some of the money there.
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  #1424  
Old Posted Mar 24, 2012, 8:51 PM
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The article says Kraft-Mondelez is moving from Northfield to Deerfield. Deerfield is in Lake County not Cook County. I don't know whats wrong with Northfield. They already have a nice campus there.
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  #1425  
Old Posted Mar 24, 2012, 9:24 PM
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Originally Posted by the urban politician View Post
^ You know, I hate to diss on SF--I really like the place--but I can't help but agree here.

If it weren't for a hugely successful industry that originated from and is almost entirely based out of a region quite a ways outside of the city, San Francisco today would be little more than a pretty, liberal version of Cincinnati.
Yes, because the real city of Cincinnati is ugly and horridly conservative.
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  #1426  
Old Posted Mar 24, 2012, 10:03 PM
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The article says Kraft-Mondelez is moving from Northfield to Deerfield. Deerfield is in Lake County not Cook County. I don't know whats wrong with Northfield. They already have a nice campus there.
Most of Deerfield is in Lake County, but a small portion is in Cook County. Most of the large office campuses in Deerfield are between the expressway and the county border in Cook County. I don't know for sure where they're locating to but they very realistically could remain in Cook County.
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  #1427  
Old Posted Mar 30, 2012, 12:44 PM
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Not sure if this was posted somewhere else but I will put it here.
I am impressed thus far with Rham and I belive he has aspirations for a higher office, like the 2016 POTUS election. That would be incredible. The first Black President that happens to be from Chicago. Than the first Jewish POTUS wining in a squeeker against the first Indian candidate [ Bobby Jindal ] in 2016. America can still impress me. BTW if Rham really did win in 2016 Chicago would be on the world map for the for a real long time. Mark my word he wants back in the oval office one way or another. Anyway here is the article.

Quote:
http://www.suntimes.com/news/sneed/1...gger-fish.html


Emanuel shooting for bigger fish?


By MICHAEL SNEED

msneed@suntimes.com

Last Modified: Mar 30, 2012 02:26AM
Rahm ’em...

Is Mayor Rahm Emanuel starting to line up ducks for a bigger job in the future? A presidential run someday?

◆Is that why he is pitching stories to the New York Times first for national play...i.e. his announcement Thursday of a $7.3 billion mega overhaul of city infrastructure...which he had been feeding out piecemeal to the Chicago press?

◆Is that why he he is helping raise funds for Milwaukee Mayor Tom Barrett in hopes Barrett might win a likely recall race against Wisconsin Gov. Scott Walker?
...


The NYT article


Quote:
http://www.nytimes.com/2012/03/29/us...lion-plan.html

March 29, 2012


$7 Billion Public-Private Plan in Chicago Aims to Fix Transit, Schools and Parks

By JOHN SCHWARTZ


Chicago is embarking on a $7 billion plan to transform the city’s infrastructure from the skies above to the pipes underground.

Mayor Rahm Emanuel is planning to announce the initiative Thursday. It includes projects to expand the city’s largest airport and improve its streets, water system, schools, community colleges, parks and commuter rail network. The city estimates that these initiatives will create 30,000 jobs over the next three years.


At a time when the nation is only beginning to pull itself painfully and delicately out of a deep recession, and when cities and states are cutting essential services and wondering how to keep the courthouses open and the lights on, an infrastructure proposal for a single city with an estimated cost in the billions — with a “b” — is audacious. Mr. Emanuel, in an interview, suggested that nothing less than this “integrated, comprehensive approach” will do for what he calls “building a new Chicago.”

With the plan, Chicago is taking a leading role among cities and states struggling to keep their infrastructure from crumbling further but frustrated with legislative gridlock in Washington, said Robert Puentes, director of the metropolitan infrastructure initiative at the Brookings Institution.

“There is tremendous interest in doing something different — people aren’t waiting for the federal government to raise the gasoline tax or pass the carbon tax and have money raining down,” he said...

Mr. Emanuel, who served in the White House in two administrations and as a member of Congress, said “I will not tie this city’s future to the dysfunction in Washington and Springfield.”

In the speech, to be delivered at the Chicagoland Laborers’ Training and Apprentice Center, Mr. Emanuel will describe the financing for the sprawling plan. Some of it will come from the newly created Chicago Infrastructure Trust, an initiative announced this month by Mayor Emanuel and former President Bill Clinton, who has long had an interest in infrastructure and energy efficiency. The fund, a nonprofit corporation, pools outside investment and applies it to a wide range of possible projects.

Other funds will come from cost cutting, some from the savings in energy and water use from retrofitting buildings, and some from user fees, but “none of these funds will come from an increase in property or sales taxes,” according to the speech. A copy was provided to The New York Times through the mayor’s office. Depending on the project, some of the investment would be paid back through interest on loans, others through profit sharing.

Still,.... Some public-private partnership projects have been criticized as giveaways to the private businesses that take them over — including two prominent cases in Chicago itself, the privatized Chicago Skyway and the city’s parking meter system, which obligate the city to leases that span generations. Mr. Emanuel says that the city has learned an important lesson, and that “I am not leasing anything,” or selling off the city’s assets, he said in an interview. “I’m using private capital to improve a public entity that stays public.”

The investments, by any measure, are enormous, and they are intended to tackle enormous problems for this aging city. “You can’t have a 21st-century economy on a 20th-century foundation without holding yourself back,” Mr. Emanuel said. The projects include $1 billion for the Chicago Transit Authority to renovate more than 100 stations and eliminate “slow zones” that cost riders an estimated 11,000 hours of delays every day. O’Hare International Airport will receive $1.4 billion over the next three years to expand capacity.

Underground, the city will take on the challenge of fixing its water system, which suffered 3,800 leaks last year. That means replacing 900 miles of pipe that is more than 100 years old and replacing or relining 750 miles of sewer lines, among other projects estimated at $1.4 billion. Projects would be coordinated so that a street dug up to repair pipes could get broadband cables and other work done at the same time so that the streets would not be resurfaced only to be dug up again soon after.

Mr. Emanuel is also planning to spend nearly $300 million to buy 180 acres of new parkland and to build playgrounds, basketball courts and sports fields, as well as nature trails and bike and running paths.

Jorge Ramirez, the president of the Chicago Federation of Labor, said he applauds the plan

Quote:
http://www.businessweek.com/ap/2012-03/D9TQEF800.htm

The Associated PressMarch 29, 2012, 6:52PM


Chicago embarks on $7 billion infrastructure plan

By JASON KEYSER

At a time when city and state governments around the nation are making painful budget cuts and struggling just to maintain their rail lines, highways, bridges and other essential public infrastructure, Chicago's plans stood out as especially ambitious in their scope. They were equally unique for a financing model not yet applied to a project of this size at the city level in the United States, according to urban planners.

What we do in the next two to three years will determine what Chicago will look like in the next 20 to 30 years -- the type of city our children will inherit," Emanuel said in announcing his plans at the Chicagoland Laborers' Training and Apprenticeship Center.

Among its projects, the city plans to renovate more than 100 transit stations, spend $290 million on expanding parklands and transform the Chicago River -- which once flowed with sewage and industrial waste -- into a haven for kayakers.

It will also spend $1.4 billion on two new runways at O'Hare International Airport by 2015 and $660 million on public schools. The city will replace 900 miles of water pipes that are more than a century old and 750 miles of sewer line. The roads above them will also be repaved. Highlighting the need, Emanuel said more than 3,800 water pipes burst last year.
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Last edited by bnk; Mar 30, 2012 at 12:58 PM.
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  #1428  
Old Posted Mar 30, 2012, 7:35 PM
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^ I hope the Rahminator stays in town long enough to see all of this through. Assuming he doesn't get stale like Daley did in the latter years, there is hope that he could accomplish a lot in turning Chicago around.
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  #1429  
Old Posted Mar 30, 2012, 9:38 PM
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Originally Posted by the urban politician View Post
^ I hope the Rahminator stays in town long enough to see all of this through. Assuming he doesn't get stale like Daley did in the latter years, there is hope that he could accomplish a lot in turning Chicago around.
Did you check out bnk's link? It seems like the Sun Times pulled the rumor completely out of its ass, maybe because they're all pissy that Rahm snubbed the Chicago press for the NYT.

IIRC, Rahm and his family were NOT happy and he really wanted to be back in Chicago. I doubt he's angling for a 2016 presidential run.
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  #1430  
Old Posted Apr 1, 2012, 1:25 AM
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This year's "feel good" list

Chicago Growing
March 30, 2012

GrubHub Inc., a web-based food-ordering service is moving into the top three floors (60,000 square feet) of 111 W. Washington, the landmark Burnham Center. GrubHub has raised $84 million in venture capital in recent years and recently acquired Dotmenu, a food-ordering service that serves college towns. The company currently employs more than 250 people in Chicago who are expected to move from Bucktown in September.

Many other companies have grown in Chicago this quarter too. Here's a list of more than 50.

•1871, a new hub for tech startups, announced it will open in May, utilizing 50,000 square feet on the 12th floor of Chicago’s Merchandise Mart.
•Adelmans Truck & Equipment, a heavy duty truck, trailer, parts and equipment company, plans to invest $2.5 million to expand its offices at 3033 E. 106th St., adding 24 jobs.
•Adjusters International, a provider of public insurance adjusting and disaster recovery consulting services, announced the opening of its new office at 500 N. Dearborn.
•B2B International, a global business-to-business market research and business intelligence specialist expanded its presence in North America with a new office in Chicago’s Willis Tower.
•Bank of the West, full range of personal, commercial, wealth management and international banking services company, opened an office at 155 N. Wacker Dr. in Chicago.
•Biggins Lacy Shapiro & Co., a New Jersey-based company specializing in corporate location decisions will open its first Midwest office in Chicago.
•Burke, Warren, MacKay & Serritella P.C., a law firm, is expanding its office at the former IBM building, 330 N. Wabash, which will soon be renamed AMA Plaza.
•Central Building and Preservation L.P., a nonprofit organization, purchased a 7,400-square-foot building at Ohio St., Racine and Ogden avenues in order to accommodate expanding growth.
•Chicago Lakeshore Hospital, a North Side psychiatric hospital, is planning to renovate a vacant 60-bed facility at 4720 N. Clarendon Ave.
•Coyote Logistics, a Chicago-based freight company, plans to increase its employees to 1,000 in Chicago’s Green Exchange at 2545 W. Diversey Ave.
•DeVry Inc. is opening a 77,000-square-foot office at 300 S. Riverside Plaza to support its online college courses, which could employ as many as 1,000 people.
•DKC Public Relations, Marketing & Government Affairs, a New York-based firm, announced its expansion in Chicago to accommodate a growing roster of Midwestern clients.
•DW Legal, a managed document review, e-discovery solutions and legal talent acquisition company, expanded its Chicago document review facilities to include an additional 15,000 square feet of space.
•Emmi Solutions LLC, an interactive healthcare media company, is doubling its space and creating a new corporate headquarters at 300 W. Adams St.
•Ercom, a telecom solution provider, opened an office at 1770 W. Berteau Ave. to accommodate North American growth.
•Experimur LLC, a full-service, GLP-compliant toxicology testing and research laboratory announced plans for $17.1-million redevelopment of its 72,000-square-foot facility at 4045 S. Morgan St.
•Fidessa Group plc, a provider of trading, investment management and information solutions for the world’s financial community, announced the expansion of its U.S. presence with an office in Chicago’s Willis Tower.
•GraphEffect, a social marketing software company, announced the official opening its Chicago office at 203 N. LaSalle St.
•HCP & Company (HCP), a middle-market private equity firm headquartered in Chicago, announced the acquisition of Career Training Academy, Inc. (CTA).
•HeplerBroom LLC, a law firm, announced it is expanding its Chicago office to 17,000 square feet as part of a move to 30 N. LaSalle.
•International Furniture Direct, a mixed media and solid wood case goods supplier, opened a distribution center in Chicago to offer lower freight rates and improved lead times to Midwest and Northeast dealers.
•Kinecta Federal Credit Union relocated its Midwest Operations Center from Rosemont to Chicago.
•LocalResponse, a New York-based geo-targeting advertising company announced the opening of a new office in Chicago at 203 N. LaSalle St.
•Mars, Inc. recently invested $48 million in its Chicago-based factory, creating 65 jobs over the past two years; the factory manufactures about 25 million candy bars a day.
•The National Futures Association, a self-regulatory organization for the U.S. futures industry, expanded its office space at 300 S. Riverside Dr. to 71,108 square feet, an increase of 17,290 square feet.
•NBC Universal announced that comedian Steve Harvey will host a new syndicated daily TV show at WMAQ/NBC 5 studios in Chicago, creating an estimated 100 jobs.
•Northwestern Memorial Health Care unveiled plans to open six additional physician offices in Chicago and five surrounding north suburban markets.
•Northwestern Mutual, a Milwaukee-based life insurance company, announced plans to fill more than 150 full-time and 200 intern positions, a 72 percent increase from its local employee-base.
•PPC Associates, a San Francisco-based search engine marketing company opened a new, expanded 3,100 square-foot office at 223 W. Jackson Blvd. in Chicago.
•Proxima, a London-based procurement services provider, announced its North American operations expansion plan with the opening of its first Chicago office, located in the Willis Tower.
•Proshred Franchising Corp (PFC), a subsidiary of Redishred Capital Corp., is expanding its shredding franchise and opening a Chicago North office.
•Publicis Groupe S.A.,the global advertising company, increased its office space at the Merchandise Mart by 80,000 square feet for a total of more than 202,000 square feet, to include expanded space for digital marketing agency, Razorfish, in addition to housing healthcare communications firm, Williams Labadie, and current tenant, pharmaceutical and biotech communications firm, Medicus International.
•Revolution Brewing is currently building a 50,000 square-foot brewing facility at 3340 N. Kedzie, to expand beer production to the greater Chicagoland area; the new brewery will produce 25,000 barrels a year and the facility will employ about 30 people.
•Richwill Enterprises, a food service industry distribution warehousing company, leased 142,000 square feet at the Midway Business Center, 5363 S. Archer in Chicago, to serve as a distribution center.
•Riskonnect, Inc., an independent risk management software company based in Atlanta, announced a new Chicago location in the River North area.
•Safety National Casualty Corporation, a company specializing in excess workers' compensation and multi-line large casualty business, announced newly established Chicago Regional Office at 200 S. Wacker Dr.
•Siteworx Inc., an interactive agency specializing in Web content management, opened an office at 180 N. LaSalle to better serve the increased Midwest demand for its services.
•Southern Trust Securities Holding Corp. (STSHC), a financial services holding company, opened a new branch office at 281 N. Jefferson in Chicago to perform futures, equity and fixed income brokerage services.
•SS&G, a full-service certified public accounting, business advisory, and management consulting firm, announced the opening of a downtown office to complement its presence in nearby Des Plaines, and accommodate recent growth.
•Sword Ciboodle, a global provider of customer engagement solutions, announced it is expanding into a new North American headquarters at 30 South Wacker Drive, three times the size of its previous space.
•Tap.Me, a Chicago mobile advertising startup, raised $3.2 million in venture capital from investors led by Hyde Park Venture Partners, and including I2A Fund, Western Technology Investment, Great Oaks Venture Capital, FireStarter Fund and Hyde Park Angels.
•Telecom Brokerage Inc. (TBI), a provider of telecommunication services, expanded into a new 16,000 square-foot headquarters facility near O’Hare, to accommodate growth; the company added 32 employees in the last year.
•Universal Scrap Metals (USM), a Chicago-based scrap metal recycling company, has acquired the assets of Premier Metals Recycling, adding extensive copper recycling to its current capabilities.
•U.S. Cellular Corp, the Chicago-based carrier, plans to hire approximately 350 people across the Chicago area throughout the year.
•Ventas, a seniors housing and healthcare real estate investment trust (REIT), moved into a new environmentally-friendly building at 353 N. Clark in order to accommodate recent growth.
•Vibes Media, a Near West Side mobile marketing technology company that employs 95, expects to hire 40 more people this year, as cloud computing expands.
•Vosges Haut Chocolat, the Chicago-based high-end chocolatier, plans to buy and renovate a vacant 42,400 square-foot facility at 2900 N. Oakley Ave., to house a manufacturing plant, warehouse and offices.
•Westwood College, a higher education institution based in Denver, completed the build-out of a 45,000-square-foot facility at 1 N. State, which includes classrooms, computer labs, design labs and staff offices.
•Willdan Energy Solutions, a specialized resource conservation firm based in California, opened an office at 445 N. Wells Street.
•World CNG a Washington based company that specializes in alternative fuel packaging and applications, opened a new Chicago facility, located at 540 W. Genshaw.
•zColo, an interconnection focused colocation services company, announced the opening of an 8,500 square-foot-facility at 600 South Federal St.
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  #1431  
Old Posted Apr 1, 2012, 3:46 AM
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The diversity of this list just shows how Chicago is good at everything but great at nothing. The growth is awesome though.
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  #1432  
Old Posted Apr 2, 2012, 5:29 PM
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Originally Posted by BorisMolotov View Post
The diversity of this list just shows how Chicago is good at everything but great at nothing. The growth is awesome though.
Maybe based on what's on that list. But it's clearly is the dominant city in the nation for futures, derivatives, and options trading.
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  #1433  
Old Posted Apr 2, 2012, 11:13 PM
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Where's Aaron Renn, maybe he can blast the good Chicago vibes out of the water with a NYC-DC axis cloaked snark-bomblet.
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  #1434  
Old Posted Apr 3, 2012, 2:05 PM
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This can only be good news for Chicago and the hinterland

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  #1435  
Old Posted Apr 3, 2012, 3:12 PM
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PBS video highlighting the issue of a high tech manufacturing resurgence in the US, with jobs going unfilled. Great video, and it focuses on Illinois and Chicago, which appear to be the center of this trend:

http://www.pbs.org/newshour/bb/busin...gap_03-27.html
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  #1436  
Old Posted Apr 5, 2012, 2:13 PM
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Cook County's population is growing, according to the county population estimates released today, gaining 17,000 people in a year.

National rank...County...2010 Census....July 1, 2010....July 1, 2011
2.....Cook County, IL......5,194,675......5,199,971.......5,217,080
52....DuPage County, IL...916,924........917,942........923,222
84....Lake County, IL.......703,462........704,492........706,222
89....Will County, IL.........677,560........678,873........681,545

The CSA as a whole is now estimated at 9,729,825, a growth of 32,000 in a year. (So a little over half of the population growth in the area occurred in Cook County.)
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  #1437  
Old Posted Apr 5, 2012, 7:29 PM
the urban politician the urban politician is offline
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Originally Posted by Dralcoffin View Post
Cook County's population is growing, according to the county population estimates released today, gaining 17,000 people in a year.

National rank...County...2010 Census....July 1, 2010....July 1, 2011
2.....Cook County, IL......5,194,675......5,199,971.......5,217,080
52....DuPage County, IL...916,924........917,942........923,222
84....Lake County, IL.......703,462........704,492........706,222
89....Will County, IL.........677,560........678,873........681,545

The CSA as a whole is now estimated at 9,504,753, a growth of 32,000 in a year. (So a little over half of the population growth in the area occurred in Cook County.)
^ This is great news. I wonder if this means that the city is growing again?
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  #1438  
Old Posted Apr 5, 2012, 8:46 PM
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^ This is great news. I wonder if this means that the city is growing again?
My guess is that it is. The City's apartment vacancy rate is below 5%, down significantly from 2010.
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  #1439  
Old Posted Apr 6, 2012, 3:51 PM
Baronvonellis Baronvonellis is offline
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For those who were saying that open office floor plans are better. Check out this TED video.
http://www.ted.com/talks/julian_trea...ffects_us.html

Research shows that these types of noisy environments drop productivity by 66% since it make it harder to concentrate. Probably why people wear headphones in the offices since listening to something soothing will bring productivity and concentration back to normal levels.
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  #1440  
Old Posted Apr 7, 2012, 12:28 PM
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Bill Testa from the Chicago Fed with an update on Chicago's economy
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