04/24/24: A sudden surge for labor

FromCrain's Daily Gist

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04/24/24: A sudden surge for labor

FromCrain's Daily Gist

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37 minutes

Released:

Apr 23, 2024

Format:

Podcast episode

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Crain’s reporters Katherine Davis and Brandon Dupré talk with host Amy Guth about local labor movements in the worlds of health care, academia, and arts and culture.Plus: At O'Hare, senators sound an optimistic note despite earlier turbulence; Reinsdorf offers to open wallet for new Sox stadium; ADM says CFO will resign after accounting probe; and Moody's looks positively at Illinois.

Released:

Apr 23, 2024

Format:

Podcast episode

Titles in the series (100)

Get a head start on tomorrow during your commute home today. Listen to our roundup of essential Chicago headlines and analysis from Crain’s reporters and host Amy Guth. Presented by Wintrust.

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06/08/21: Hedge fund’s move to cut costs at Tribune may backfire: Tribune Publishing’s new owner will likely try to turn a profit by slashing newsroom staff. Reporter Ally Marotti joins host Amy Guth to discuss how further cost-cutting will make it difficult for the Chicago Tribune and other newspapers to hold on to readers. Plus: A new report shows your property's share of local government debt, private-equity firms to buy Medline in $30 billion deal, Chicago Fire plans facility on Northwest Side and a ghost kitchen company owned by the co-founder of Uber is embroiled in a North Side NIMBY fight. by Crain's Daily Gist
18 min listen
05/05/21: Are business leaders asking the right questions?: Good leadership means knowing when to ask questions and not answer them. Chicago Comes Back columnists Todd Connor and Emily Drake of the Collective Academy join host Amy Guth to discuss how to make the space for more meaningful workplace conversations. Plus: Illinois is aiming for a full reopening by July, complaints soared at United during COVID, Chicago pot firm plans deal to enter Virginia market and getting high on 'medicated' Skittles is no laughing matter for Mars Wrigley. by Crain's Daily Gist
33 min listen
05/20/21: As prices explode, should you buy a home?: Low mortgage rates and a shortage of properties for sale has caused home prices to skyrocket. Do new homebuyers stand to lose money in the long run by buying in a sellers’ market? Dennis Rodkin joins host Amy Guth to recap this week’s real estate news and take listener questions. Plus: Agents group sues Allstate for multiple breaches of contract, WeWork chairman says demand for shared office space exceeds pre-pandemic levels, market research firm Ipsos reduces its downtown footprint, and Bank of America will raise minimum wage to $25 an hour. by Crain's Daily Gist
36 min listen
05/17/21: Will businesses need to police who's vaccinated?: Vaccinated individuals no longer have to wear masks indoors and they won’t count toward capacity limits under the city’s reopening plan. But how will businesses be able to tell who got the shot? Reporters Danny Ecker and Stephanie Goldberg join a reporters roundtable with host Amy Guth to talk about what could be a logistical nightmare. Plus: Lollapalooza will be back this summer, Civic Federation hits Pritzker's plan to close corporate loophole, Mariano's parent, Kroger gave its CEO $22 million after ending hazard pay for workers, Cubs legend Ryne Sandberg will be a spokesman for Chicago weed giant PharmaCann. by Crain's Daily Gist
33 min listen
05/25/21: Home sales soar even as prices go sky-high: The Chicago-area saw home sales and prices explode in April. Residential real estate reporter Dennis Rodkin joins host Amy Guth to explain why the market is hotter than it’s been in years. Plus: McDonald's reopening plan is running into opposition from franchisees, Gallagher set to fill Chicago’s Aon vacuum, Illinois Rep. Bobby Rush aims to restart biomedical research disrupted by pandemic and employers are left to take the lead when it comes to wearing masks at work. by Crain's Daily Gist
17 min listen
05/11/21: What business leaders think of Chicago’s economic future: The most recent Executive Pulse Survey from Crain’s-Harris Poll finds the majority of business leaders are hopeful the economy will pick up in the next six months. Harris Poll CEO William Johnson joins host Amy Guth to discuss what’s top of mind for business owners and C-suite executives as the city opens back up. Plus: City to fund $60M in Michael Reese site infrastructure, Helmut Jahn leaves architectural legacy in Chicago and around the world, Gallagher reportedly in talks to buy Aon and Willis assets and Rush and BMO launch $10 million health equity institute. by Crain's Daily Gist
18 min listen
06/23/21: Why McDonald’s is doubling down on digital growth: McDonald’s is rolling out a nationwide rewards program and slashing options from its value menu in a bid to boost sales. Crain's reporter Ally Marotti joins host Amy Guth to discuss. Plus: The grocery-store boom is poised to live on even as pandemic fades, GM and Ford are locked in an electric vehicle spending race, another Chicago company hits $1 billion valuation, and airlines seek criminal charges against unruly passengers. by Crain's Daily Gist
15 min listen
05/27/21: Homes are going for well over the asking price: The average home in Chicago is now selling for over 100 percent of the asking price, but home values overall are still rising slower than in other major cities. Reporter Dennis Rodkin joins host Amy Guth to explain why that’s not necessarily a bad thing in a recap of this week’s real estate news. Plus: Mayor Lightfoot unveils plan to help hard-hit businesses, Illinois House passes long-awaited weed license bill, Illinois and Discovery Partners Institute team up to monitor COVID in wastewater and the travel rebound gains steam. by Crain's Daily Gist
26 min listen
05/13/21: These are Chicago’s hottest housing markets: Homes are selling fast across the region, but where are they selling the fastest? Reporter Dennis Rodkin joins host Amy Guth to discuss and recap this week's real estate news. Plus: White House enlists McDonald's to promote vaccines, Joffrey Ballet expanding to South Loop, city’s marketing chief made permanent head of World Business Chicago and a 29-story Loop office building goes back on the market. by Crain's Daily Gist
34 min listen
05/26/21: Why marijuana edibles are creating buzz: THC-infused snacks and candies are increasingly making up a huge share of total weed sales. Reporter John Pletz joins host Amy Guth to explain why Chicago’s deep roots in the food business may give local pot entrepreneurs an edge over the competition. Plus: Lightfoot administration faces more turnover, Chicago more than doubles rent relief funding, Fulton Market development sites hit the market and United Airlines launches its own vaccine lottery. by Crain's Daily Gist
17 min listen
05/19/21: With eviction ban set to end, will $1.5B in renter aid be enough?: Illinois Gov. J.B. Pritzker announces $1.5 billion in rent relief as the state says it will lift its freeze on evictions in August. Crain's commercial real estate reporter Alby Gallun talks with host Amy Guth about what it means for renters and landlords. Plus: Lightfoot says Chicagoans should keep wearing masks, General Iron owner hits city with $100 million lawsuit, Fulton Market developer plans massive apartment and office project, Peapod founders have a new grocery-tech venture that helps consumers who have special diets find the right foods. by Crain's Daily Gist
17 min listen
08/23/21: Businesses confront new round of mask mandates: While business groups generally support Chicago’s move to reinstate its indoor mask mandate, some argue that it shouldn’t be on business owners to enforce it. Reporters Ally Marotti and A.D. Quig join host Amy Guth to discuss the news you need to know to start your week. Plus: Illinois selling bonds after first ratings increase in decades, death threats and in-flight chaos lead to wave of charges against airline passengers, farm boom boosts Deere and big winners emerge after the state’s final weed lottery. by Crain's Daily Gist
33 min listen
05/24/21: The city is calling out businesses for a lack of diversity: Chicago’s political leaders are taking bold steps to bring attention to the lack of diversity in some of the city’s most powerful industries, from financial services to journalism. Crain’s Wendell Hutson and Ally Marotti join host Amy Guth for a reporters’ roundtable. Plus: McDonald's hit with $10 billion discrimination suit from Byron Allen, Tribune Publishing shareholders vote to sell company to hedge fund, CNA Financial paid $40 million in ransom after March cyberattack and Illinois will repay the $2 billion it borrowed from the Federal Reserve without using COVID relief funds. by Crain's Daily Gist
35 min listen
05/06/21: Why new homes are getting more expensive: Strong demand and skyrocketing lumber prices are increasing the price of newly constructed homes by an average of $28,000 in the Chicago-area. Reporter Dennis Rodkin joins host Amy Guth to discuss. Plus: Chicago says farewell to CME's last commodity trading pits, local retail sales poised to rise 6 percent this year, billionaire Sam Zell's firm announces $3.4 billion deal for a industrial property company and a nationwide study finds the J&J pause didn’t significantly hurt public perception of COVID vaccines. by Crain's Daily Gist
39 min listen
07/13/21: Gold Coast tower worries: The tragedy in Surfside, Fla., has residents of a Chicago tower anxious about the state of their own 57-story condo building. Crain's residential real estate reporter Dennis Rodkin discusses developments at 111 E. Chestnut with host Amy Guth. Plus: The troubled Chicago Teachers' Pension Fund has new leadership; Aon founder Pat Ryan has a second act that comes with some caveats; the maker of Weber grills plans an IPO; and the food trucks that survived the pandemic are still waiting for the rebound that restaurants are already enjoying. by Crain's Daily Gist
14 min listen
05/18/21: Would waiving vaccine patents help end the pandemic?: The Biden administration unexpectedly came out in favor of suspending patent protections for COVID-19 vaccines in a move meant to boost supply in countries hard-hit by the pandemic. Health care reporter Stephanie Goldberg joins host Amy Guth to talk about why the debate over intellectual property rights isn’t as simple as it seems. Plus: A new congressional map surfaces in Springfield, Delta to require vaccines for new employees, Stellantis cuts shift at Illinois Jeep plant amid chip shortage and a WHO report says working long hours increases risk of death from heart disease and stroke. by Crain's Daily Gist
16 min listen
05/12/21: Why dealers are paying top-dollar for used cars: Used car values are soaring as dealers struggle to find pre-owned vehicles. Contributor Judy Crown joins host Amy Guth to discuss. Plus: The Navy Pier Flyover is finally finished, an Oprah-backed startup wants to help grocers peer into their produce, The owner of Barnes & Noble is buying Paper Source and Biden is set to nominate Rahm Emanuel as ambassador to Japan. by Crain's Daily Gist
16 min listen
06/16/21: Does McDonald’s plan to automate drive-thru ordering break Illinois privacy law?: An Illinois privacy law that has entangled major companies including Facebook is now threatening McDonald’s efforts to improve drive-thru times—a key initiative in its plan to boost sales post-COVID. Crain’s reporter Ally Marotti joins host Amy Guth to explain. Plus: $7.3 billion takeover of Grubhub goes through, Boeing PAC resumes donating to politicians including Republicans who opposed certifying the presidential election, PharmaCann gets a $110M investment from a Canadian marijuana company and the travel rebound ends the need for United to furlough workers when federal pandemic aid runs out. by Crain's Daily Gist
18 min listen
06/14/21: Real estate’s moment of reckoning: Chicago is facing calls to reduce downtown buildings’ carbon footprint and landmark the homes of the city’s Black historical figures. Reporters Danny Ecker and Dennis Rodkin join host Amy Guth to discuss how the movements highlight the real estate industry’s role in climate change and systemic racism. Plus: Another lawsuit has been filed over Illinois' remap, COVID restrictions are lifting but some restaurants aren't ready, ethanol production outlook rises to the highest level since February 2020, and the park district's indoor pools will remain closed throughout the summer—but not because of COVID. by Crain's Daily Gist
29 min listen
06/03/21: Here’s why your home isn’t selling: Even in Chicago’s hot market, not all homes are selling fast. Reporter Dennis Rodkin joins host Amy Guth to take reader questions and recap the latest news in real estate. Plus: Travel restrictions loosen as Chicago's latest COVID measures show the lowest test positivity rate since the pandemic began, Illinois senators approve a plan for a fully elected Chicago school board, ComEd bribery defendants ask a judge to toss some charges and Radio Flyer takes e-bikes and scooters for a spin. by Crain's Daily Gist
37 min listen
06/28/21: What business in a post-pandemic economy looks like: Businesses across industries are charting the city’s comeback story. This month’s Crain’s Forum looks at how entrepreneurs and leaders used the lessons learned from the COVID-19 pandemic to transform the way they do work in Chicago. Forum Editor Cassandra West and reporters Wendell Hutson and A.D. Quig join host Amy Guth with more. Plus: City closes mass vaccination sites at United Center and many city colleges, big residential plan pitched for former DePaul College Prep campus, dozens of former Sears stores are set to hit market and the U.S. Supreme Court backs Chicago-based TransUnion on consumer lawsuits by Crain's Daily Gist
30 min listen
07/06/21: United is betting business travel will return. Will it? by Crain's Daily Gist
20 min listen
07/08/21: The three suburbs with almost no homes left for sale: In three Chicago suburbs, the fast-paced real estate market means the inventory of homes for sale is so slim, it's nearly nonexistent. Reporter Dennis Rodkin joins host Amy Guth to discuss and recap this week’s real estate news. Plus: The city's aviation chief says O’Hare is due for a major rebound, Grubhub has plans for robotic food delivery on college campuses, Willis Tower insurer sues the city and local sewer district over flood damage from May 2020 storms, and why Big Food companies need strong second-quarter numbers. by Crain's Daily Gist
30 min listen
05/10/21: How COVID spurred a shortage of everything from chicken to new cars: Missteps at the beginning of the pandemic are now leading to serious shortages in just about everything, sending prices soaring. Reporters Ally Marotti and John Pletz join host Amy Guth to discuss how tight supply could threaten to slow the nation’s economic recovery. Plus: Illinois could fully reopen as soon as June 11, a large electric vehicle plant is coming to Joliet, big names preparing bids for Medline, grocery prices are going up, and a proposed weed bill calls for three lotteries to increase the number of pot stores in the state. by Crain's Daily Gist
33 min listen
06/01/21: How Chicago businesses are addressing calls for racial justice: A health care coalition is launching a new report card that aims to help hospitals and clinics reduce systemic racism and health disparities. Meanwhile, a real estate developer is putting money behind the mayor’s alternative plan to renaming Lake Shore Drive after Black explorer Jean Baptiste Point du Sable. Stephanie Goldberg and A.D. Quig discuss in a reporters’ roundtable with host Amy Guth. Plus: Amtrak details its big expansion plan, Rivian pushes back launch of its battery-powered truck by a month, Boeing to pay $17 million to settle FAA enforcement cases and a big film studio campus is planned for the South Side. by Crain's Daily Gist
33 min listen
06/10/21: The housing market is having a Goldilocks moment: he Chicago-area real estate market is in a relative sweet spot. But how long can it last? Reporter Dennis Rodkin joins host Amy Guth to discuss and recap this week’s housing news. Plus: Worldwide travel loosens up, Illinois forms a high-speed rail commission, a Wacker Drive skyscraper hits the market, and new weed licenses could be issued by the end of the summer. by Crain's Daily Gist
27 min listen
06/15/21: Why businesses are paying more for cyber insurance: Insurers are raising premiums as a growing number of ransomware attacks has more businesses looking for digital protection. Reporter Steve Daniels joins host Amy Guth to discuss. Plus: O’Hare is recovering slower than other major airports, Gov. J.B. Pritzker’s energy plan could be a lucrative opportunity for ComEd, large mall owner files Chapter 11 and a look at three Chicago shopping areas with three different post-pandemic recovery paths. by Crain's Daily Gist
19 min listen
07/20/21: Latest front in Main Street vs. Wall Street: Houseplant sales rose more than 30 percent during the pandemic. Now small, locally owned shops face competition from large venture-capital backed stores. Crain's reporter Ally Marotti discusses the retail rivalry with host Amy Guth. Plus: Portillo's plans an IPO; two Chicago startups are going public via blank-check firms; a local shopping center owner is being bought in a multibillion-dollar deal; and a look at how marijuana cultivation centers are growing jobs in rural Illinois. by Crain's Daily Gist
18 min listen
06/09/21: What’s the future for hotels post-pandemic?: A Gold Coast hotel for sale stands to provide clues about what investors think hotels are worth as the pandemic wanes. Commercial real estate reporter Danny Ecker discusses with host Amy Guth. Plus: Airline leaders plead to restart trans-Atlantic flights, Cook County changes its vaccination strategy to address hesitancy, insurance startup Kin raises $69 million with an investment from a PGA pro and 10 community leaders get $50K grants from the Field and Macarthur Foundations to make a difference in underserved areas. by Crain's Daily Gist
18 min listen
06/21/21: The growing buzz around weed and hard seltzer: As Chicago-based White Claw tries to stay ahead in an increasingly-crowded hard seltzer space, suburban towns are reconsidering whether to approve recreational marijuana sales as the pot market continues to boom. Reporters Ally Marotti and John Pletz talk weed and hard seltzer with host Amy Guth. Plus: How the Chicago Bears' bid to move to the suburbs highlights issues at Soldier Field, Chicago area's last remaining coal-fired power plants are set to close, Cook County will likely again delay the property tax payment deadline and Mayor Lightfoot’s ‘Chi Biz Strong’ COVID recovery package moves closer to law. by Crain's Daily Gist
27 min listen

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05/06/24: CTA takes another hit: The embattled Chicago Transit Authority is taking another hit from Springfield, this time from a bill that would dramatically change the face of mass transit around the city and who controls it. Crain's political columnist Greg Hinz discusses the issue with host Amy Guth. Plus: A deal to restore peace at Northwestern is sparking more friction, mostly empty former Salesforce office property hits the market, owner of homeless shelter near Mag Mile files for bankruptcy amid foreclosure suit, and Rivian will add over 500 jobs in Normal to make its new SUV. by Crain's Daily Gist
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05/02/24: How Rockford became a housing hotbed: Small Midwestern cities dominated the latest list of hot home markets, with Rockford at the top. Crain’s residential real estate reporter Dennis Rodkin explains the phenomenon to host Amy Guth. Plus: The impact of rescheduling marijuana, Walgreens stock lashed, Loop office tower owner hit with $276 million foreclosure lawsuit and Jewish groups, including the Anti-Defamation League, call for President Schill's ouster at Northwestern. by Crain's Daily Gist
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05/01/24: ShotSpotter's competition gets in line: Another gunshot detection company is looking for a way in with the city. Crain’s politics reporter Leigh Giangreco and host Amy Guth discuss ShotSpotter’s uncertain fate in Chicago. Plus: Peeling back the sticker price on Bears stadium reveals even more costs, Foxtrot and Dom’s suppliers face fallout from abrupt closures, three Chicago-area bridges among the most vulnerable in the U.S. and American dropping some global flights on Boeing 787 delays. by Crain's Daily Gist
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04/30/24: The Bears' flashy, and costly, stadium play: The Chicago Bears are angling for a large cut of revenue from events under their new stadium plan. Crain’s reporters Danny Ecker and Justin Laurence talk with host Amy Guth about the team’s proposed vision for its reimagined lakefront home. Plus: Lawmakers propose unifying CTA, Metra and Pace; Mayor Johnson eyes legalizing video gaming in Chicago; Boeing credit outlook gets gloomier as Fitch also turns negative; and slow work authorizations frustrate new asylum-seekers and industry leaders alike. by Crain's Daily Gist
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04/29/24: The sudden flameout of Foxtrot and Dom's: Crain's retail reporter Ally Marotti talks with host Amy Guth about the abrupt closure of Foxtrot and Dom’s Kitchen & Market. Plus: Bears angling for huge cut of cash-flow pie at new stadium — including concerts; Walgreens launches gene, cell therapy pharmacy business; Boeing prosecutors aim to decide on criminal charge over Max crashes by June; and Art Institute defends its ownership of artwork prosecutors say was stolen during the Holocaust. by Crain's Daily Gist
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04/25/24: A low point for home affordability in Chicago: Crain’s residential real estate reporter Dennis Rodkin talks with joins host Amy Guth to talk news from the local housing market, including how affordability here is the lowest it’s been in at least 17 years. Plus: Foxtrot and Dom's facing lawsuit one day after shuttering stores, Southwest cutting more than a third of its flights at O'Hare, Skokie office complex sold to developers at a staggering discount and Chicago's largest privately held companies see another year of growth. by Crain's Daily Gist
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04/23/24: Humira's hold on the market loosens: AbbVie's Humira dam is beginning to crack. Crain’s health care reporter Katherine Davis talks with host Amy Guth about how the tide appears to be turning as CVS' pharmacy benefit manager replaces the blockbuster drug on its formulary list. Plus: City Council greenlights Johnson's plan to pump $1.25 billion into housing and development, ShipBob picks JPMorgan to lead IPO, ex-Citadel exec's trading firm expanding and moving to revamped Loop tower, and how Chicago's venture-capital and startup scene stacks up globally. by Crain's Daily Gist
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04/22/24: Investors aren't happy with Mary Dillon: Mary Dillon's Foot Locker turnaround plan has Wall Street tapping its feet. rain's retail reporter Ally Marotti talks with host Amy Guth about the former Ulta CEO’s plans so far. Plus: Sterling Bay looks to sell more properties next to Lincoln Yards, Rivian cuts more jobs with woes mounting for electric vehicle market, watchdog group reportedly asks feds to probe Trump Chicago tower loan and police oversight chief defends herself amid criticism from city’s top cop. by Crain's Daily Gist
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04/18/24: Property tax sales targeted in Illinois: Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about news from the local housing market, including a lawsuit that aims to stop Illinois counties from selling homes over unpaid taxes. Plus: Ukrainian PM makes pitch for U.S. defense dollars on Chicago visit; struggling Walgreens lays off more workers; weed stocks have seen a lift, but it's still a roller-coaster ride; and United forecast tempers anxiety over expansion plans. by Crain's Daily Gist
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04/17/23: City set to tap reserves for migrant funding: Mayor Brandon Johnson's request for an $70 million to care for those seeking asylum who have been sent to Chicago, is advancing to the City Council. Crain’s politics reporter Justin Laurence discusses the latest with host Amy Guth. Plus: World Business Chicago names new CEO, American Airlines pilots cite "significant" jump in safety issues, developer tweaks plan for Fulton Market apartment complex and digital textbook company expands HQ and heads to the Loop. by Crain's Daily Gist
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04/16/24: Shifting retail landscape on Damen: Barnes & Noble could turn the tide for a once-thriving shopping corridor that runs between Wicker Park and Bucktown. Crain's retail reporter Ally Marotti talks with host Amy Guth about a possible recovery for Damen Avenue. Plus: McDonald's CEO's compensation rose 8% last year, Oberweis Dairy files for bankruptcy protection, Blackstone leads $2 billion private loan for GTCR-backed data center operator and Bally's Chicago local tax revenue grew in March. by Crain's Daily Gist
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04/11/24: A big markdown for St. Regis condo: Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about recent home sales, including an upper-floor St. Regis condo that sold at almost $1.2 million lower than its 2021 price. Plus: Johnson urges calm after video of Humboldt Park police shooting released, Boeing whistleblower alleges 'shortcuts' taken on 787, Bears recruit Andrea Zopp as a legal adviser as stadium push rolls on and court allows Obama Center construction to keep moving. by Crain's Daily Gist
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04/24/24: A sudden surge for labor

04/24/24: A sudden surge for labor

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