Follow The Daily Ticker on Facebook! Consumers are buying more organic food than ever before, spending the extra dollars to eat healthy. According to The Organic Trade Association , sales of organic food totaled $29.3 billion in 2011. But a recent report from Stanford University found that organic food may not be worth the extra cost
Follow The Daily Ticker on Facebook! Could the city of Chicago become a microcosm for the rest of the nation? According to a new report by Austan Goolsbee, a professor of economics at the University of Chicago's Booth School of Business and former economic adviser to President Obama, the Windy City's jobless rate and employment ratio — two crucial measures of job creation — "significantly improved" within the past year. Chicago's unemployment rate fell 1.7 percentage points (from 11.5 percent to 9.8 percent) between May 2011 and May 2012, more than any comparable U.S.
http://www.FT.com/ As the Republican primary season drags on, the Obama re-election campaign has fired up its engines. This week on Luce Talk, Ed Luce takes us inside the Chicago headquarters and speaks with Obama spokesman Ben LaBolt For more video content from the FT, visit the Financial Times video section at: http://www.ft.com/video
Posted: March 17, 2012 at 11:51 am Gas prices rose for the eighth straight day and the price per gallon of regular is above $3.85 nationwide. The price is over $4 in seven states which includes the most populous–California Recent polls from Gallup indicate that as many as 30 percent of Americans will need to change spending habits if gas rises above $4.
Posted: March 17, 2012 at 11:00 am The IMF has indicated that unless the economy of Greece responds quickly to reforms that another bailout may be necessary.
Posted: March 16, 2012 at 3:33 pm After a fairly wild ride, WTI crude oil futures for April delivery closed the week at $107.06/barrel, a drop of -0.3% from a week ago, but about 2% higher than where they started the day. Brent crude is trading up 2.62% today at $125.81/barrel, almost $2.50/barrel more than where it started
Posted: March 16, 2012 at 3:18 pm In a speech in Frankfurt, Germany, Chicago Federal Reserve President Charles Evans used a classical metaphor to describe his position on what Fed policy should be going forward: I would like to see our forward guidance take a different form—one that explicitly ties liftoff in the funds rate to observable economic outcomes (You can think of this as a Ulysses-type forward guidance: We tie ourselves to the mast to avoid the siren calls of premature tightening.) Evans also told his European audience: I believe a greater risk today is that we buy too quickly into thinking that the equilibrium rate of unemployment has jumped 2 or 3 percentage points or that long-run inflation expectations have become so fragile that they are on the verge of spiking well above 2 percent.
Chicagoans would like to create a breeding ground for the next Groupon Inc. by creating collaborative work spaces for tech start-up founders. One cavernous co-working space for digial entrepreneurs-- with reserved desk space and rentable lockers-- is under construction now at Chicago's Merchandise Mart and will open this spring
Posted: March 11, 2012 at 1:34 pm By Kathleen Rogers As I talk to various business owners, from travel companies to retail shops to general contractors, I hear a common theme: Business is spotty. When the outlook appears especially bleak, they tell of a few new buyers suddenly showing up—but then, if business has been steady for a few weeks, the phone seems to stop ringing again. Notwithstanding Friday’s stronger-than-expected jobs report, company managers are finding it hard to predict sales for the near future, which makes them hesitant to expand capacity by hiring or investing in new plants and equipment
Cities and landlords are hoping to replace aging tourist facilities, such as New York's South Street Seaport and Chicago's Navy Pier with upscale shopping centers. Elliot Brown explains why on The News Hub