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The [Tuesday] Papers

BREAKING 1:52 P.M.: Daley Not Running For Re-Election.

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"Like a poker player who has gone all in on a bet that's too big to lose, the Daley administration is expected to explain to aldermen on Tuesday why it needs to quickly issue $1 billion in new bonds to prevent the expansion of O'Hare International Airport from folding," the Tribune reports.

"With less than half of the mega-project completed, the city is running out of money and needs the bond deal to continue work. In the high-stakes game of Chicago-style airport expansion, the fresh money would basically buy time to keep the project going with the hope that the city will be able to persuade the airport's two largest tenants, American and United airlines, to sign on."

And if they don't? Maybe the city will sell the airport to Morgan Stanley.

"Ultimately, the city will need to raise at least $3.3 billion to finish the job - and that's without new terminals, a People Mover extension and other infrastructure that Chicago officials once deemed integral to building the first runways at O'Hare in almost 40 years."

Read the whole story. I'll be here when you get back.

Collision Course
Meanwhile . . .

"It appears that Gov. Pat Quinn may be near a major announcement on the airport near Peotone," Phil Kadner reports.

And . . .

"The O'Hare Modernization Program could cause more neighborhoods in nearby Bensenville to be wiped out," WBEZ reports.

Let Them Eat Sales Taxes
A study by two researchers at the Federal Reserve Bank of Chicago has found that it is "only the wealthiest households that statistically significantly take advantage of [sales tax holidays]."

Stand-Up Service
"Before two luxury hotels, the Andaz 5th Avenue in Manhattan and the Elysian Hotel in Chicago, opened their doors in recent months, both added something extra to their usual employee training practices: they hired improvisational comedy experts," the New York Times reports.

How They See Us
"Nebraskans should not tolerate a Chicago-style shakedown from the Governor."

- Nebraska Democratic Party State Chairman Vic Covalt, calling for an investigation of the Republican governor

Madison Memo
"Gangs in Madison don't control blocks of turf like they do in Chicago and Los Angeles," the Wisconsin State Journal reports.

"Here, you might not even see gangs hanging out on the streets.

"Gang members might not wear their gang's colors, sport its identifying tatoos, or display its hand signs.

"But, police say, in the last three years, gang members were responsible for the murders of three young men gunned down on city streets, and members of one gang, the South Side Locos, planned to kill a gang detective in 2008."

Pimpin' Cheese
Tribute: The Mars Cheese Castle.

Economic Toilet
"Allen Sanderson, a University of Chicago economist, said 200 jobs can be created by hiring 100 people to dig holes and another 100 to follow along filling the holes back up," WLS-AM reports.

"A lot of the Obama programs have their hearts in the right place, but they have created an enormous amount of turmoil," he said. "What's stopping up the toilet is the enormous amount of uncertainty. Consumers are asking, 'How much will I be paying for health-care coverage?' and 'What's the value of my house?' and 'Am I going to have a job in the next year?' Bank executives are asking, 'If I loan this guy money, can he pay me back?' And businesses are asking, 'What will it cost me to hire this guy?' and 'What am I facing in health-care costs and the tax rate?' The best thing we could use is something sedate."

Council Crime
If we were closer to Election Day and she had a challenger, we'd wonder if Ald. Freddrenna Lyle did this to herself.

But let's be honest: Aren't we at least slightly satisfied when an alderman is the victim of a crime? I know it's not right but . . .

What I Watched Last Night
Colliding with William Shatner and Ruby Ridge.

Sox Shock
"Winning seven in a row means picking up half a game, neither the Sox nor Twins can rattle off their respective winning streaks forever and this, I think, is going to be the sad, lonely dance of September: the Sox will win just enough to go nowhere," our very own Andrew Reilly writes in The White Sox Report. "What else could the state of White Sox baseball possibly point to?"

The Quade Kool-Aid
Our very own Marty Gangler is drinking it.

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Tambourines and Elephants

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The Beachwood Tip Line: Playing with the band.



Permalink

Posted on September 7, 2010


MUSIC - The Weekend In Chicago Rock.
TV - Vizio Settles Spying Complaints.
POLITICS - The Terror And Rights Violations Of Obama's Deportees.
SPORTS - Saturday's 'Greatest Horse Since Secretariat.'

BOOKS - Bannon, The Best And The Brightest.

PEOPLE PLACES & THINGS - Beachwood Photo Booth: Descending Darkly.


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