Roti gets $23 million cash infusion

The money, from Valor Equity Partners, will help the fast-casual Mediterranean chain expand nationally and experiment with automation technology.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180228/NEWS07/180229876/roti-gets-23-million-cash-infusion?utm_source=NEWS07&utm_medium=rss&utm_campaign=chicagobusiness

Episode 11: Do Americans Implicitly Trust Government, Despite our Public Anger?

Trust in government is low and declining after another polarized election and in a polarizing administration. We’re frustrated, even angry, but maybe we still hold some underlying pride in our government. Steven Webster finds that anger decreases trust, whether it’s directed toward the candidates or life in general. But Stephen Nicholson says we still hold implicit trust in government that can be drawn upon in a crisis. We discuss the two sides of trust in government.

The Niskanen Center’s Political Research Digest features up-and-coming researchers delivering fresh insights on the big trends driving American politics today. Get beyond punditry to data-driven understanding of today’s Washington with host and political scientist Matt Grossmann. Each 15-minute episode covers two new cutting-edge studies and interviews two researchers.

You can subscribe to the Political Research Digest on iTunes here.

The post Episode 11: Do Americans Implicitly Trust Government, Despite our Public Anger? appeared first on Niskanen Center.

from nicholemhearn digest https://niskanencenter.org/blog/episode-11-americans-implicitly-trust-government-despite-public-anger/

ComEd gets state approval of $25 million Bronzeville mini-power grid

Are microgrids the future for big-city electricity delivery? This South Side pilot project aims to answer that question.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180228/NEWS11/180229878/comed-gets-state-approval-of-25-million-bronzeville-mini-power-grid?utm_source=NEWS11&utm_medium=rss&utm_campaign=chicagobusiness

Chicago has widest racial gap in homeownership of 10 biggest US cities

A low rate of black homeownership denies those households a primary way to build up household wealth. S new report from the Urban Institute in Washington DC shows that 74.1 of white households in the Chicago area own their homes, compared to 39.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180228/CRED0701/180229880/chicago-has-widest-racial-gap-in-homeownership-of-10-biggest-us?utm_source=CRED0701&utm_medium=rss&utm_campaign=chicagobusiness

Please, no O'Hare deal without western access

While much of the discussion appears to be about gates and carriers, establishing a western access point to the airport is a critical component.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180228/OPINION/180229883/please-no-ohare-deal-without-western-access?utm_source=OPINION&utm_medium=rss&utm_campaign=chicagobusiness

These are the most endangered sites in the city

So says Preservation Chicago, which lists eight structures and landscapes facing demolition.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180228/CRED03/180229887/these-are-the-most-endangered-sites-in-the-city?utm_source=CRED03&utm_medium=rss&utm_campaign=chicagobusiness

$60 million condos-to-apartments deal closes

Golub and USAA have pulled off the biggest condo deconversion yet in Chicago, taking over a 292-unit art deco tower in the Loop.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180228/CRED03/180229890/-60-million-condos-to-apartments-deal-closes?utm_source=CRED03&utm_medium=rss&utm_campaign=chicagobusiness

American on massive O'Hare expansion: Not so fast

The airline accuses the city of cutting a last-minute deal that benefits rival United.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180228/NEWS10/180229891/american-on-massive-ohare-expansion-not-so-fast?utm_source=NEWS10&utm_medium=rss&utm_campaign=chicagobusiness

Could Airbnb be next for Frank Lloyd Wright house?

Two buyers have failed to close their deals for the West Pullman home.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180228/CRED0701/180229892/could-airbnb-be-next-for-frank-lloyd-wright-house?utm_source=CRED0701&utm_medium=rss&utm_campaign=chicagobusiness

Meal-kit firm sees 'approachable' food as key

Chicago-based Home Chef sees downmarket fare such as barbecue burgers and buttermilk chicken as helping keep customers loyal.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180228/NEWS07/180229893/meal-kit-firm-sees-approachable-food-as-key?utm_source=NEWS07&utm_medium=rss&utm_campaign=chicagobusiness

A genteel country retreat in Golf

Inspired by houses in the Hamptons, the 7,100-square-foot house is in an enclave of homes tucked next to a 200-acre golf course. It's for sale for $2.25 million.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180228/CRED0703/180229895/a-genteel-country-retreat-in-golf?utm_source=CRED0703&utm_medium=rss&utm_campaign=chicagobusiness

DePaul investigating law professor's racial slur

Nine students have complained after a professor used the n-word during class; he says it was justified in the context of his lesson.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180228/NEWS04/180229894/depaul-investigating-law-professors-racial-slur?utm_source=NEWS04&utm_medium=rss&utm_campaign=chicagobusiness

Convert hospitals into ERs? Proposal would make it easier.

But turning hospitals into standalone ERs is a political quagmire. Medical centers are often the biggest source of jobs in their communities.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180228/NEWS03/180229896/convert-hospitals-into-ers-proposal-would-make-it-easier?utm_source=NEWS03&utm_medium=rss&utm_campaign=chicagobusiness

Jennifer Pritzker to donate $10 million to Loyola

Billionaire Chicago philanthropist and real estate developer Jennifer Pritzker and her foundation plan to give $10 million to Loyola University Chicago in honor of her mother, Audrey Ratner.

Disney, now happy with Happy Meals, reunites with McDonald's

McDonald's and Disney have reunited in a deal that will bring Disney movie toys back to Happy Meals for the first time since 2006.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180227/NEWS07/180229900/disney-now-happy-with-happy-meals-reunites-with-mcdonalds?utm_source=NEWS07&utm_medium=rss&utm_campaign=chicagobusiness

Beer battle: MillerCoors exec slams Bud Light's 'Dilly Dilly'

The medieval "Dilly Dilly" campaign is arguably the biggest beer ad hit since Dos Equis' the Most Interesting Man in the World. But a Miller Lite marketer says sales trends are on his side.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180227/NEWS07/180229899/beer-battle-millercoors-exec-slams-bud-lights-dilly-dilly?utm_source=NEWS07&utm_medium=rss&utm_campaign=chicagobusiness

Developer of mothballed Chicago Spire seeks $1.2B in suit

The Irish real estate developer who proposed a failed 2,000-foot-tall skyscraper in Streeterville alleges that an Irish government body mishandled the disposal of the project's debt.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180227/CRED03/180229898/developer-of-mothballed-chicago-spire-seeks-1-2b-in-suit?utm_source=CRED03&utm_medium=rss&utm_campaign=chicagobusiness

Bow Truss owner Tadros files for bankruptcy

The serial entrepreneur also known for Budlong chicken and Aquanaut brewing listed more than $2 million in liabilities to his largest 20 creditors. But a U.S. Trustee is trying to dismiss the case, saying it was filed improperly.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180227/NEWS07/180229902/bow-truss-owner-tadros-files-for-bankruptcy?utm_source=NEWS07&utm_medium=rss&utm_campaign=chicagobusiness

What the NRA's business partners should do

Companies need to be selective about partnerships. Brands can and should sell to everyone, but partnerships—for better or worse—make bigger statements.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180227/OPINION/180229903/what-the-nras-business-partners-should-do?utm_source=OPINION&utm_medium=rss&utm_campaign=chicagobusiness

From the Nixon Era, a Healthcare Proposal Ahead of Its Time

People today remember the Nixon era mainly for the fiasco of Watergate, but there were positive moments, as well. Those included the first moon landing, passage of the Clean Air Act, and a dramatic diplomatic opening to China. There were also some bold policy initiatives that did not immediately bear fruit. This post takes a look at one of them, a proposal for universal catastrophic health insurance from Elliot Richardson’s Department of Health, Education and Welfare. It went nowhere then, but its time may now have come.

Elliot Richardson and the Mega Proposal

The child of a wealthy Boston family, Richardson was seemingly destined for public service. By the time he came to Washington, he had graduated from Harvard, landed at Utah Beach on D-Day, returned to Harvard for a law degree, and served as both Lieutenant Governor and Attorney General of Massachusetts.

Richardson was seen by those who worked under him as a rare combination of policy analyst and practical-minded politician. He had big ideas that went far beyond the clutter of overlapping programs he found when he arrived at HEW in June of 1970. Over the next two years, he put his staff to work on a sweeping plan for reform, known as the Mega Proposal, which covered all of the major areas for which HEW was responsible. The plan for healthcare reform was part of it.

The rationale of the Mega Proposal was explained in its preface:

Every budget season brings us up against past decisions which have mortgaged the future. Potential for control “next year” always appears bleak due to financial and political constraints. In the past, the Department has evaded this dilemma with rhetorical initiatives for the upcoming year or by riding with the political forces, in the end making only minor changes at the margin.

 

The result is a Federal system out of control. Federal resources are over-committed, results are over -promised, and access to government services is unequal and fragmented. The Federal program structure has become so complex that it is unmanageable. Interdependencies among programs are ignored because they cannot be understood, leaving rational choice difficult, if not impossible.

 

We propose to tackle the crisis of the Federal system head-on. The Comprehensive HEW Simplification and Reform which we present here is a redesign of the entire Department of Health, Education, and Welfare.

An article written in 1975 by Laurence E. Lynn, Jr., and John M. Seidl, both of whom participated in formulating the Mega Proposal, calls attention to some additional motivating principles:  From the beginning, the proposal favored free-market solutions over direct governmental action. It sought to minimize people’s need to depend on public assistance by making them productive in their own right. Yet, at the same time, it vigorously advocated direct services and income support to those who needed help beyond what their own resources could provide.

Maximum Liability Health Insurance

As applied to healthcare, these principles called for a compromise between a single-payer system that would provide complete healthcare coverage to everyone and one that would leave people entirely to fend for themselves in the marketplace. As the proposal put it, “The public’s health concerns are dominated by the fear that they will be overwhelmed by costs catastrophic relative to their income,” with the result that “segments of the population are not receiving the care they should solely because of costs.”  The proposed solution, called Maximum Liability Health Insurance (MLHI), was crafted to be relatively simple, to address the problem effectively, and to represent a “legitimate but not an overwhelming” role for the federal government.

To put MLHI in context, it helps to understand the evolution of health insurance in the United States. On the eve of World War II, private health insurance was a rarity, covering just 9 percent of households. Wartime price controls plus the decision to exempt health fringe-benefits from income taxes spurred the growth of employer-sponsored insurance. Coverage expanded to half the population by 1950. By the early 1970s, nearly 80 percent of the non-elderly population was covered by some form of private insurance, while Medicare and Medicaid were in place for the elderly and the poor.

Although insurance of some form was widespread, however, it was not always adequate. The Mega Proposal was especially critical of two problems.

One was the linkage of insurance to employment, which created gaps in coverage for people changing jobs, for the unemployed, and for the self-employed. As the Mega Proposal put it, “It is extremely difficult, even for the average worker, to insure himself when he is healthy and earning a decent income against the possibility that in the future he could face the loss of his job and with it his insurance just at the time he most needs protection against very high cost medical bills.” This problem was to be remedied by severing insurance from employment and making everyone eligible for coverage.

The second problem was the “upside down” nature of many policies of the day, which provided first-dollar reimbursement (or very low deductibles) for routine expenditures, while imposing annual or lifetime caps. As a result, people were insured against expenditures that they could easily afford, but not against devastating accidents or illnesses. The proposed solution was to turn insurance “right side up” by making households financially responsible for routine healthcare expenditures, while capping their maximum liability for expenses that would otherwise be financially ruinous.

The resulting plan drew heavily on a proposal that had been published in 1971 by Martin Feldstein of Harvard University. Feldstein, who served as an adviser to the Mega Proposal, knew that there were risks both of underspending and of overspending on care. The risk of underspending was greatest when expenses threatened to become financially ruinous, hence the maximum-liability feature. Overspending, on the other hand, was encouraged by excessively generous first-dollar coverage. To discourage overspending, MLHI called for at least small copayments for all participants, up to the limit of maximum liability. Exceptions were made for certain preventive measures, such as childhood vaccinations, which were to be covered in full.

The Mega Proposal did not recommend specific financial parameters, but it did include an illustrative schedule of deductibles and copays to show the general idea. The following table is based on that example, with a few changes to the captions, and with all dollar amounts updated to reflect the increase in median household income since 1972. The result is a schedule of payments that commits even the poorest households to contribute a small amount to their healthcare costs, beginning with the first dollar. Higher income households face a 100 percent copay (that is, a deductible) up to approximately 10 percent of their earnings, and, after that, copays that make them responsible for costs up to 15 percent of their annual earnings.

The Mega Proposal outlined three possible administrative mechanisms. Two of them would be run directly by the federal government, while one would involve private insurers. All of the variants would rely on IRS records for data on household income.

The first federal variant would enroll everyone in the MLHI system, whether they had any claims or not. Patients would present their card to their provider, who would collect the allowed amount from the government, based on the formula for deductibles and copays, and bill the patient for the uncovered balance.

The second variant would take advantage of the fact that many middle- and upper-income households would not meet their deductibles in a given year, and would, hence, have no reason to file claims. The government would encourage them to keep records of health expenses and to file a claim form only if their expenses exceeded 10 percent of income for the year.

The private variant would, instead, give participants a voucher, with a value that varied according to income, that they could spend on an MLHI plan issued by a private insurer. The market for such MLHI policies would be closely regulated at the federal level to assure comprehensive coverage and affordable premiums. Such a system would in many ways resemble the systems used today by countries like the Netherlands and Switzerland.

Whichever the administrative variant, it was considered likely that a market would emerge for private, supplemental policies, which would cover all or part of expenditures up to the limit of maximum liability.

The fate of the Mega Proposal

In the end, neither MLHI nor the other parts of the Mega Proposal went anywhere, politically. Disagreements within the Nixon administration played an important role. Caspar Weinberger, who served as head of the Office of Management and Budget while Richardson was running HEW, was decidedly unenthusiastic. He was not persuaded by assurances that, although the proposal might put additional demands on the budget in the short run, it would save the federal government money in the long run.

Timing also played a role in the plan’s political failure. As it turned out, Nixon decided to move Richardson to the Defense Department in January 1973, two weeks before he finally had a chance to make a formal presentation of the Mega Proposal to the White House. The presentation did take place, but Weinberger, who participated in it, recommended further consideration before moving forward. Weinberger’s subsequent replacement of Richardson at HEW marked the end of active consideration of the Mega Proposal.

The basic concept of universal catastrophic coverage did have some backing on Capitol Hill, especially from Sen. Russell Long, chairman of the powerful Senate Finance Committee. However, catastrophic-only coverage was not enough for Senator Ted Kennedy, who was pushing for something much more comprehensive. Long was not able to advance his own plan without Kennedy’s support.

As the Watergate scandal deepened Nixon’s political and ethical difficulties, it seemed there might be one last opening for healthcare reform. In article written for the Huffington Post at the time of Kennedy’s death, Sam Stein explains that Nixon, in his last months in office, was desperate to show that the government still worked. With that in mind, he was open to a plan that would have combined a robust employer mandate with subsidized private coverage for the self-employed, unemployed, and others not covered through their jobs—something not unlike Obamacare.

In pursuit of that plan, Nixon entered into secret negotiations with Kennedy, who had come to realize that even the backing of organized labor was not enough to ensure passage of a single-payer system. Meanwhile, Rep. Wilbur Mills, chairman of the House Ways and Means Committee, joined the negotiations with a plan of his own. However, after Nixon resigned and Mills was disgraced by the exposure of his drunken escapades with a stripper, the three-way negotiations collapsed. Sporadic efforts at healthcare reform continued through the Ford and Carter administrations, but without result.

What can we learn?

What can today’s reformers learn from the MLHI proposal and its failure to advance beyond the talking stage?

First, we learn that a necessary, but not sufficient, requirement for political success is a willingness to compromise. The MLHI proposal of the Nixon era, and similar proposals for universal catastrophic coverage today, offer a plausible version of such a compromise, which makes individuals responsible for routine care, within affordable limits, while protecting everyone against financially ruinous medical expenses. Within that broad framework, other compromises could be crafted regarding administration, competition, pricing, and so on.

Second, conditions for universal catastrophic coverage may be more favorable now than they were then. The U.S. healthcare system has evolved in ways that ease some of barriers faced by MLHI in the 1970s. For one thing, the “upside down” model of first-dollar coverage combined with caps on spending for the seriously ill has largely disappeared. As high deductible coverage has become widespread, the idea that middle- and upper-income households can and should assume routine health costs has become more widely accepted, so long as premiums for the high-deductible policies themselves are not unaffordably high. At the same time, the disadvantages of employer-sponsored insurance, which was seen as the main alternative in the 1970s, have now become more apparent. Even without policy changes, the employer-sponsored segment of the market is shrinking slowly but steadily. It is likely that employers could now be persuaded to join a coalition favoring an updated MLHI.

Third, although the current administration has produced no Mega Proposal, independent efforts have produced some well-crafted, detailed, and modernized versions of universal catastrophic coverage. One of the best is that promoted by Kip Hagopian and Dana Goldman, first introduced in 2012 in an article in National Affairs and updated several times since then. Their proposal has recently been the subject of rigorous modeling and cost analysis by Jodi Liu of the RAND Corporation.

In short, the 45 year-old idea of Maximum Liability Health Insurance has not gone away. Now may well be the time to bring it back to life as universal catastrophic coverage.

Hat tip to Carlos Magna for links to key sources.

 

The post From the Nixon Era, a Healthcare Proposal Ahead of Its Time appeared first on Niskanen Center.

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Why is paying organ donors worse than hundreds of avoidable deaths?

Last Friday, Parliament pushed forward with plans to require people to actively “opt out” if they do not want their organs to be used for transplants after death. With some 6,500 patients on the waitlist for a transplant and over 400 dying from the shortage each year, the majority (254 according to the NHS) requiring a kidney transplant, any step to shorten wait-times and save lives should be welcomed. According to Labour MP Geoffrey Robinson, the bill could save up to 500 lives a year.

Yet an opt-out system is no panacea. In Wales, the number of deceased donors actually fell after an opt-out system was put in place. While Sweden, which has had a system of presumed consent for over 20 years, has one of the lowest rates of organ donation in Europe. In part, this is because families have the final say. But it is also the result of higher stroke survival rates and fewer traffic fatalities reducing the number of organs available for transplant. One morbid study found that in US states without motorcycle helmet requirements, one in three motorcycle deaths saved a life. Chancellor Philip Hammond is right to push for the accelerated roll-out of safe driverless cars, but with the end of drunk driving on the horizon, increasing the number of living donors is becoming a major imperative for healthcare systems worldwide.

….

Originally appeared in CapX

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Sterling Bay expands its North Branch footprint

The developer has added another piece to the land puzzle it is putting together with a vision of creating a 70-acre mixed use campus along the river.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180227/CRED03/180229908/sterling-bay-expands-its-north-branch-footprint?utm_source=CRED03&utm_medium=rss&utm_campaign=chicagobusiness

Chicago's 2017 home price growth: Dead last among 20 cities

The region's single-family home values rose by 2.6 percent in December from a year earlier, the smallest local monthly increase in nearly two years.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180227/CRED0701/180229909/chicagos-2017-home-price-growth-dead-last-among-20-cities?utm_source=CRED0701&utm_medium=rss&utm_campaign=chicagobusiness

More layoffs for Outcome

The must-read stories to get your day started.

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At this condo building, a remote-controlled foldable carport

This Lincoln Park condo building has eschewed a garage in favor of a high-tech solution for protecting vehicles.

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Bears to open Wacker Drive office

The NFL franchise said it's moving about 30 employees from Soldier Field to a new office at 123 N. Wacker Drive, where the football team has leased 11,000 square feet.

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Grayson Mitchell, Harold Washington's first press secretary, dies at 67

Mitchell, who also worked for Carol Moseley Braun's historic U.S. senate campaign, is remembered as someone not easily shaken in turbulent times.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180226/NEWS02/180229911/grayson-mitchell-harold-washingtons-first-press-secretary-dies-at-67?utm_source=NEWS02&utm_medium=rss&utm_campaign=chicagobusiness

Chicago program takes community health approach for gun violence victims

"It is not enough for the church and the preacher to just pray for them. There's so much more that is needed."

from nicholemhearn digest http://www.chicagobusiness.com/article/20180226/NEWS03/180229912/chicago-program-takes-community-health-approach-for-gun-violence?utm_source=NEWS03&utm_medium=rss&utm_campaign=chicagobusiness

No more 'blank check' for Peoples Gas, state rep says

Chicago's aging gas mains need to be replaced, but Peoples' unprecedented capital spending is making heat too costly for too many Chicagoans. That's the argument Rep. Will Guzzardi makes as he pushes a new bill.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180226/NEWS11/180229914/no-more-blank-check-for-peoples-gas-state-rep-says?utm_source=NEWS11&utm_medium=rss&utm_campaign=chicagobusiness

Bill would end Peoples Gas infrastructure surcharge

A state rep says Chicago's aging gas mains need to be replaced, but that Peoples' unprecedented capital spending under a 2013 state law is making heat too costly for too many Chicagoans.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180226/NEWS11/180229914/bill-would-end-peoples-gas-infrastructure-surcharge?utm_source=NEWS11&utm_medium=rss&utm_campaign=chicagobusiness

Another Chicago hospital plans pediatric unit closure

Inpatient medical centers are moving away from pediatrics for many reasons, including a focus on preventive care that keeps admissions down. There are also fewer babies being born.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180226/NEWS03/180229916/another-chicago-hospital-plans-pediatric-unit-closure?utm_source=NEWS03&utm_medium=rss&utm_campaign=chicagobusiness

Great Places to Buy a Home

A weekly series on places in the city and suburbs to find attractive homes at accessible prices that have a special character that makes them good places to live. Factors include school quality, safety, ease of transportation and parks.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180226/PAGES/302149998/great-places-to-buy-a-home?utm_source=PAGES&utm_medium=rss&utm_campaign=chicagobusiness

Warren Buffett: Health care venture goes beyond squeezing middlemen

"It would be very easy, I think, to go in and shave off 3 or 4 percent just by negotiating power. We're looking for something much bigger than that."

from nicholemhearn digest http://www.chicagobusiness.com/article/20180226/NEWS03/180229917/warren-buffett-health-care-venture-goes-beyond-squeezing-middlemen?utm_source=NEWS03&utm_medium=rss&utm_campaign=chicagobusiness

Riverside house by noted architect sells fast

The Cotswold cottage-style house was designed by architect Harold Zook, who created many picturesque houses in the western suburbs, as well as the Pickwick Theater in Park Ridge.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180226/CRED0701/180229918/riverside-house-by-noted-architect-sells-fast?utm_source=CRED0701&utm_medium=rss&utm_campaign=chicagobusiness

Art Institute trustee could lose Chinese art in lawsuit

The former CEO of a Chicago-area bank is battling two complaints alleging that two loans totaling $7.5 million are in default. His lawyer says loan documents were forged.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180226/NEWS07/180229919/art-institute-trustee-could-lose-chinese-art-in-lawsuit?utm_source=NEWS07&utm_medium=rss&utm_campaign=chicagobusiness

Supreme Court justices clash over mandatory union fees

Justice Neil Gorsuch, President Donald Trump's appointee, will cast the deciding vote—and kept silent during an hour-long argument.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180226/NEWS02/180229920/supreme-court-justices-clash-over-mandatory-union-fees?utm_source=NEWS02&utm_medium=rss&utm_campaign=chicagobusiness

Sell-off by Chinese insurer could include Fairmont, InterContinental hotels

After taking temporary control of Anbang Insurance Group, the Chinese government said it would consider "all or partial" sales of the insurer's assets, which include the Chicago properties.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180226/CRED03/180229921/sell-off-by-chinese-insurer-could-include-fairmont-intercontinental?utm_source=CRED03&utm_medium=rss&utm_campaign=chicagobusiness

More layoffs at Outcome Health

Another 20 employees are dismissed as the health-media company attempts to get back on track after allegations of fraud by investors.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180226/BLOGS11/180229922/more-layoffs-at-outcome-health?utm_source=BLOGS11&utm_medium=rss&utm_campaign=chicagobusiness

Loop office building poised to sell for $305 million

The Canadian real estate giant is putting more chips on the downtown office market.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180226/CRED03/180229924/loop-office-building-poised-to-sell-for-305-million?utm_source=CRED03&utm_medium=rss&utm_campaign=chicagobusiness

Our most-viewed real estate stories in the past week

Lincoln Park and Northbrook Court make the list.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180226/CRED03/180229926/our-most-viewed-real-estate-stories-in-the-past-week?utm_source=CRED03&utm_medium=rss&utm_campaign=chicagobusiness

William Blair accuses four former employees of theft

William Blair is suing a long-time adviser and local philanthropist who it alleges stole customer documents from the Chicago financial firm.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180226/NEWS01/180229929/william-blair-accuses-four-former-employees-of-theft?utm_source=NEWS01&utm_medium=rss&utm_campaign=chicagobusiness

Big O'Hare expansion plan

The must-read stories to get your day started.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180226/MORNING10/302269999/big-ohare-expansion-plan?utm_source=MORNING10&utm_medium=rss&utm_campaign=chicagobusiness

As global aerospace industry skyrockets, Michigan is top flight

A natural synergy between automotive and aerospace puts the state at the epicenter of an industry that is predicted to grow $6 trillion over the next 20 years.

from nicholemhearn digest http://www.crainsdetroit.com/article/20180226/custom24/653486/pentastar-aviation-skyrockets-to-success?utm_source=SPONSORED&utm_medium=rss&utm_campaign=chicagobusiness

$6 billion-plus O'Hare expansion deal about to land

The airport would get dozens of new gates, add 3 million square feet to terminals, move toward a western terminal and lots more under a massive new plan.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180225/BLOGS02/180229927/-6-billion-plus-ohare-expansion-deal-about-to-land?utm_source=BLOGS02&utm_medium=rss&utm_campaign=chicagobusiness

Like our roundup? Share it around.

Forward this to your friends. Our one-click signup makes it easy to pass along the news.

from nicholemhearn digest http://www.chicagobusiness.com/section/newsletter-signup-daily-alert?utm_source=NEWS07&utm_medium=rss&utm_campaign=chicagobusiness

United is the latest to cut NRA ties

The Chicago-based airline made the move, along with Delta, after a call to boycott the gun lobbying group became a top trend on Twitter.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180224/NEWS07/180229928/united-is-the-latest-to-cut-nra-ties?utm_source=NEWS07&utm_medium=rss&utm_campaign=chicagobusiness

Lantana Place Retail Space – Southwest Parkway 78735

The following post is copyrighted by Austin Tenant Advisors - .

Lantana Place is a 60,000 sf mixed use & entertainment retail & medical space project located at the corner of Southwest Parkway and William Cannon in Austin, Tx 78735 zip code area. It will be anchored by a 39,000 sf movie theatre and a boutique Marriott hotel. There will also be restaurants with outdoor patio options. 

This is one of the most affluent and underserved areas in SW Austin. If you are interested in renting Austin retail space here and would like help negotiating the best deal give us a call at 512-861-0525

The daytime population in the 3-5 mile radius ranges from 42,000 to 131,000. The average household income ranges from $98,000 to $127,000 per year.

The communities surrounding Lantana Place offer high end housing, several private schools such as Regents and St Andrews, solid daytime office demographics, and dense multifamily projects

If you are looking for your first or second retail location Lantana is worth checking out. I imagine asking base rates will be $40 sf + $11 nnn. The space will all be in new shell condition and need a full build out. Depending on the strength of your credit we may be able to negotiate $30 to $40 sf in tenant improvement allowance.

If you have any questions about Lantana Place give us a call.

 

 

 

The post Lantana Place Retail Space – Southwest Parkway 78735 appeared first on Austin Tenant Advisors.

Your guide to the 2018 Illinois gubernatorial primary

Find out where the Democratic and GOP candidates stand on taxes, economic development, pensions and health care.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180223/ISSUE01/180229932/your-guide-to-the-2018-illinois-gubernatorial-primary?utm_source=ISSUE01&utm_medium=rss&utm_campaign=chicagobusiness

Edward-Elmhurst Health plans another round of cuts

The west suburban health system is in the middle of slashing costs by $50 million—and says an additional $35 million must go.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180223/NEWS03/180229931/edward-elmhurst-health-plans-another-round-of-cuts?utm_source=NEWS03&utm_medium=rss&utm_campaign=chicagobusiness

Le Colonial losing long-time Gold Coast home

The restaurant will move around the corner. Plus, a new Punch Bowl Social for the West Loop, a magic lounge in Andersonville, and Sugar Fixe Patisserie closes in Lincoln Park.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180223/BLOGS09/180229933/le-colonial-losing-long-time-gold-coast-home?utm_source=BLOGS09&utm_medium=rss&utm_campaign=chicagobusiness

Le Colonial losing longtime Gold Coast home

The restaurant will move around the corner. Plus, a new Punch Bowl Social for the West Loop, a magic lounge in Andersonville, and Sugar Fixe Patisserie closes in Lincoln Park.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180223/BLOGS09/180229933/le-colonial-losing-longtime-gold-coast-home?utm_source=BLOGS09&utm_medium=rss&utm_campaign=chicagobusiness

Gun-control forces prepare for key Springfield vote

The House next week could approve and send to Gov. Rauner a bill to begin state licensing of thousands of gun dealers and shops, amping up federal rules.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180223/BLOGS02/180229934/gun-control-forces-prepare-for-key-springfield-vote?utm_source=BLOGS02&utm_medium=rss&utm_campaign=chicagobusiness

Silicon Valley firm picks Chicago for engineering center

Software maker ServiceNow will hire 150 engineers, designers and others here over the next two years.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180223/BLOGS11/180229935/silicon-valley-firm-picks-chicago-for-engineering-center?utm_source=BLOGS11&utm_medium=rss&utm_campaign=chicagobusiness

Legislators working as property tax lawyers? It's not against attorney rules

It's becoming a popular refrain on the campaign trail for Illinois governor: proposing a law to ban elected officials from holding legal jobs related to property tax appeals.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180223/OPINION/180229936/legislators-working-as-property-tax-lawyers-its-not-against-attorney?utm_source=OPINION&utm_medium=rss&utm_campaign=chicagobusiness

Who we're backing for governor

The governor deserves an up-or-down vote on his record, and for the Democrats: A dealmaker, compromise-seeker, business community cheerleader, successful venture capitalist and committed philanthropist.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180223/ISSUE07/180229937/who-were-backing-for-governor?utm_source=ISSUE07&utm_medium=rss&utm_campaign=chicagobusiness

DRW's Wilson expects cryptos will change world

The trading and investment tycoon also tells Chicago investment professionals that he expects more regulation and institutionalization of cryptocurrencies.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180223/NEWS01/180229938/drws-wilson-expects-cryptos-will-change-world?utm_source=NEWS01&utm_medium=rss&utm_campaign=chicagobusiness

The judge has ruled: Let's sing!

The recently retired 7th U.S. Circuit Court of Appeals judge started her career as a music teacher and trains judges and lawyers in Africa.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180223/ISSUE01/180229982/the-judge-has-ruled-lets-sing?utm_source=ISSUE01&utm_medium=rss&utm_campaign=chicagobusiness

Here's who is unhappy with the Loyola-MacNeal deal

Loyola Medicine's plan to acquire a hospital in Berwyn is making some residents there concerned.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180222/NEWS03/180229941/heres-who-is-unhappy-with-the-loyola-macneal-deal?utm_source=NEWS03&utm_medium=rss&utm_campaign=chicagobusiness

Former Grace chef, GM sue over noncompetes

They want to invalidate the agreements, saying they have been prevented from seeking work for the past two months.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180222/NEWS0702/180229942/former-grace-chef-gm-sue-over-noncompetes?utm_source=NEWS0702&utm_medium=rss&utm_campaign=chicagobusiness

Former Grace chef, GM sue over non-competes

They want to invalidate the agreements, saying they have been prevented from seeking work for the past two months.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180222/NEWS0702/180229942/former-grace-chef-gm-sue-over-non-competes?utm_source=NEWS0702&utm_medium=rss&utm_campaign=chicagobusiness

Rauner aims to hit Ives—but undermines his integrity

The governor's ad narrative is that his primary foe is "Madigan's lackey." It's the most deceptive spot so far in a sad political season.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180222/NEWS02/180229943/rauner-aims-to-hit-ives-but-undermines-his-integrity?utm_source=NEWS02&utm_medium=rss&utm_campaign=chicagobusiness

Airbnb delivers $9.3 million in Illinois tax revenue in 2017

Illinois hotel operators had long argued that Airbnb properties should be on the hook for the same hotel taxes that they collect as they compete for visitors. Now the company is serving up some numbers.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180222/CRED03/180229950/airbnb-delivers-9-3-million-in-illinois-tax-revenue-in-2017?utm_source=CRED03&utm_medium=rss&utm_campaign=chicagobusiness

Post Office developer picks up another site nearby

601W purchased a 4.5-acre parcel just west of the mammoth building, expanding its portfolio in an area it hopes will become a major corporate destination.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180222/CRED03/180229951/post-office-developer-picks-up-another-site-nearby?utm_source=CRED03&utm_medium=rss&utm_campaign=chicagobusiness

Ex-Cook board member gets top tollway job

A former county commissioner takes over as executive director of the agency at a time of expansion and challenge.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180222/BLOGS02/180229952/ex-cook-board-member-gets-top-tollway-job?utm_source=BLOGS02&utm_medium=rss&utm_campaign=chicagobusiness

Where to buy: Edison Park and Park Ridge

While they aren't mirror images, the northwest neighborhood and suburb, which face each other across the Chicago city limits, have quite a bit in common.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180222/CRED0701/180229956/where-to-buy-edison-park-and-park-ridge?utm_source=CRED0701&utm_medium=rss&utm_campaign=chicagobusiness

Sterling Bay aims to work its magic on a larger scale

The developer's latest purchase demonstrates its appetite for well-established buildings rather than just the redevelopments on which it built its name.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180222/CRED03/180229957/sterling-bay-aims-to-work-its-magic-on-a-larger-scale?utm_source=CRED03&utm_medium=rss&utm_campaign=chicagobusiness

Ex-EPA chief zaps Trump in Chicago speech

America "doesn't have to go backward" to be great again, Gina McCarthy says.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180222/BLOGS02/180229960/ex-epa-chief-zaps-trump-in-chicago-speech?utm_source=BLOGS02&utm_medium=rss&utm_campaign=chicagobusiness

What's on TV at your favorite bar? You!

Maybe you don't want to post selfies of you and your friends at the bar. But plenty of millennials do, which is why more than 2,000 businesses employ Upshow's social media tool.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180222/ISSUE01/180229985/whats-on-tv-at-your-favorite-bar-you?utm_source=ISSUE01&utm_medium=rss&utm_campaign=chicagobusiness

Modern Luxury taps Uslan to lead all of its Chicago magazines

Modern Luxury, the magazine publisher that brought CS and Michigan Avenue under one owner last year, has promoted Dan Uslan to lead its Chicago group of glossy lifestyle titles.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180221/NEWS06/180229961/modern-luxury-taps-uslan-to-lead-all-of-its-chicago-magazines?utm_source=NEWS06&utm_medium=rss&utm_campaign=chicagobusiness

Sinclair would sell stations in Chicago, New York to meet limits

The Chicago sale of WGN-TV would help bring the enlarged Sinclair into compliance with a national media ownership cap.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180221/NEWS06/180229962/sinclair-would-sell-stations-in-chicago-new-york-to-meet-limits?utm_source=NEWS06&utm_medium=rss&utm_campaign=chicagobusiness

Mueller investigation turns to Chicago banker, Manafort: report

The special counsel is probing whether there was a quid pro quo agreement—loans in exchange for a White House job—between Trump's former campaign chair and Federal Savings Bank CEO Stephen Calk.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180221/NEWS02/180229963/mueller-investigation-turns-to-chicago-banker-manafort-report?utm_source=NEWS02&utm_medium=rss&utm_campaign=chicagobusiness

Union advocates brace for defeat in U.S. Supreme Court

The Illinois case, which comes in front of the justices next week, could affect 5 million workers in about two dozen states that allow public workers to be required to pay fees.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180221/NEWS04/180229964/union-advocates-brace-for-defeat-in-u-s-supreme-court?utm_source=NEWS04&utm_medium=rss&utm_campaign=chicagobusiness

Tyson innovation lab looks to turn scraps into snacks

A team at the company's West Loop offices is developing a protein snack that will utilize ingredients like spent grain from brewers and vegetable pulp from juicers.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180221/NEWS07/180229965/tyson-innovation-lab-looks-to-turn-scraps-into-snacks?utm_source=NEWS07&utm_medium=rss&utm_campaign=chicagobusiness

Dems counter GOP tax-cut message by warning of long-term pain

And Republican Rep. Peter Roskam, a key tax bill architect whose congressional district encompasses portions of the west and northwest suburbs, is a prime target.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180221/NEWS02/180229967/dems-counter-gop-tax-cut-message-by-warning-of-long-term-pain?utm_source=NEWS02&utm_medium=rss&utm_campaign=chicagobusiness

Home sales fall most in 3 years

The January figure was the lowest since late November 2014 in both the city and the nine-county area.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180221/CRED0701/180229968/home-sales-fall-most-in-3-years?utm_source=CRED0701&utm_medium=rss&utm_campaign=chicagobusiness

Tech co-working space is coming to Fulton Market

The Vault will be the anchor tenant of McCaffery Interests' redevelopment project just west of Google's Midwest headquarters.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180221/CRED03/180229969/tech-co-working-space-is-coming-to-fulton-market?utm_source=CRED03&utm_medium=rss&utm_campaign=chicagobusiness

Tech coworking space is coming to Fulton Market

The Vault will be the anchor tenant of McCaffery Interests' redevelopment project just west of Google's Midwest headquarters.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180221/CRED03/180229969/tech-coworking-space-is-coming-to-fulton-market?utm_source=CRED03&utm_medium=rss&utm_campaign=chicagobusiness

Uptake hires a president from GE

Software and data-analytics veteran Ganesh Bell joins fast-growing Uptake as it reloads to get to the next stage.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180221/BLOGS11/180229972/uptake-hires-a-president-from-ge?utm_source=BLOGS11&utm_medium=rss&utm_campaign=chicagobusiness

Garage mahal in Lincoln Park comes with a house

Your favorite luxury home tour has a new name and a new day. Here, fun spaces for family: an outdoor kitchen and fireplace, three-story great room, music room and top-floor hangout. It's for sale at $4.15 million.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180221/CRED0703/180229974/garage-mahal-in-lincoln-park-comes-with-a-house?utm_source=CRED0703&utm_medium=rss&utm_campaign=chicagobusiness

How Trump administration protectionism could backfire on Midwest manufacturing

There's likely to be more pain than gain locally if the president signs agrees to tariffs on steel and aluminum imports proposed by Commerce Secretary Wilbur Ross.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180221/BLOGS10/180229976/how-trump-administration-protectionism-could-backfire-on-midwest?utm_source=BLOGS10&utm_medium=rss&utm_campaign=chicagobusiness

Tax overhaul sideshow: Long on gimmicks, short on solutions

Politicians peddle an array of fiscal tonics to cure what ails Illinois. Rarely do they consider the property, income and sales taxes as part of system that requires a comprehensive modernization.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180221/NEWS02/180229987/tax-overhaul-sideshow-long-on-gimmicks-short-on-solutions?utm_source=NEWS02&utm_medium=rss&utm_campaign=chicagobusiness

Man bites dog: A CEO who rejected a higher offer for his bank

First Evanston's CEO rebuffed larger First Midwest's better offer to sell to Chicago's Byline Bank. Why?

from nicholemhearn digest http://www.chicagobusiness.com/article/20180221/NEWS01/180229978/man-bites-dog-a-ceo-who-rejected-a-higher-offer-for-his-bank?utm_source=NEWS01&utm_medium=rss&utm_campaign=chicagobusiness

Loyola health system CEO takes job out west

Larry Goldberg, who has led Loyola University Health System since 2011, will be president of the university medical division at Banner Health, a giant nonprofit based in Phoenix.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180220/NEWS03/180229975/loyola-health-system-ceo-takes-job-out-west?utm_source=NEWS03&utm_medium=rss&utm_campaign=chicagobusiness

Downtown apartment market survives supply surge

Developers completed nearly 4,500 apartments in downtown Chicago last year, a record, but the market is holding up so far.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180220/CRED03/180229977/downtown-apartment-market-survives-supply-surge?utm_source=CRED03&utm_medium=rss&utm_campaign=chicagobusiness

Hospital accounting error adds up to $92 million

The revelation from Edward-Elmhurst CEO Mary Lou Mastro comes just months after the system announced $50 million in cuts.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180220/NEWS03/180229979/hospital-accounting-error-adds-up-to-92-million?utm_source=NEWS03&utm_medium=rss&utm_campaign=chicagobusiness

Rite Aid was Albertsons' last best hope

For Jewel-Osco's parent, there weren't many good options left as it shores up its Amazon defenses.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180220/NEWS07/180229986/rite-aid-was-albertsons-last-best-hope?utm_source=NEWS07&utm_medium=rss&utm_campaign=chicagobusiness

Rite Aid was Albertson's last best hope

For Jewel-Osco's parent, there weren't many good options left as it shores up its Amazon defenses.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180220/NEWS07/180229986/rite-aid-was-albertsons-last-best-hope?utm_source=NEWS07&utm_medium=rss&utm_campaign=chicagobusiness

Florida shooting impacts Illinois political races

Candidates for attorney general, Congress and other races begin staking out turf on a volatile issue.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180220/BLOGS02/180229988/florida-shooting-impacts-illinois-political-races?utm_source=BLOGS02&utm_medium=rss&utm_campaign=chicagobusiness

FourKites raises $35 million as trucking turns to Big Data

Time is money in trucking, and big companies want to know where their shipments are in real time.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180220/BLOGS11/180229989/fourkites-raises-35-million-as-trucking-turns-to-big-data?utm_source=BLOGS11&utm_medium=rss&utm_campaign=chicagobusiness

Safety Net Reform, Labor Force Participation, and GDP Growth

A rising tide lifts all boats, does it not? That cliché of economic policy is meant to highlight the ways in which economic growth, as a substitute for targeted social policies, can make life better not just for the privileged, but for the disadvantaged, as well. However, the cliché is misleading in that the causation is not all one way. A better social safety net can contribute to a stronger economy and faster growth of both actual and potential GDP.

A new report from the Congressional Budget Office provides some insights into one of the mechanisms linking social policy to growth, namely, labor force participation (LFP). Recent LFP trends in the United States have not been favorable to growth, but a close examination of the data suggests that better social policy, especially in the areas of income support, healthcare, and disability, could significantly improve participation. Increased LFP, in turn, would boost both actual and potential GDP, making room for additional monetary and fiscal stimulus.

Recent trends in Labor Force Participation

Let’s look at some of the key findings of the CBO report. First, we find that labor force participation as a whole has declined since its peak in the early 1990s. As the following chart shows, LFP rates are expected to stabilize for men and increase slightly for women over the next decade, but not to return to their former peak values. (Gray bars denote recessions.)

Second, we find that decreases in participation have not been uniform. As the next chart shows, declines in LFP have been especially sharp for less educated men and women. In contrast, the report notes that gender and ethnicity have had little effect on the overall trend. Although LFP rates are lower for minority groups and women, they have actually recovered slightly more for those groups than for white men since the trough of the recession.

Third, the next chart from the CBO report shows that disability contributed significantly to the decline in LFP, especially for those with less education. Lower LFP due to disability is a result, in part, of an actual decrease in the average health of the working-age population, but that is not the whole story. Participation also falls because lower-income workers turn to Social Security Disability Insurance (SSDI) as a substitute form of long-term unemployment insurance. But once they are enrolled in SSDI, their incentives to rejoin the labor force are greatly reduced. As a result, the disability rate falls only slowly during economic recoveries—an example of hysteresis in labor markets.

Finally, as the next chart shows, we learn that effective marginal tax rates (EMTRs), which strongly influence work behavior, have risen in recent years. A household’s EMTR includes both its explicit rates of income and payroll taxes and the implicit tax rates that arise from reductions in social benefits—income support, healthcare, food, housing, and other programs.

A chart from a different CBO report shows that EMTRs are especially high and variable for households near and just above the federal poverty line. Those households include a high proportion of the less-educated persons whose LFP is especially low. Note that the chart does not include people covered by SSDI. Implicit marginal tax rates are even higher for people on SSDI, since more than a minimal amount of work can lead to the loss, not only of cash benefits, but also of Medicaid coverage.

Implications for growth and social policy reform

These findings on labor force participation suggest that boosting GDP growth should not be viewed as an exclusively macroeconomic project. Microeconomic policy matters. Economists who work in the area of regulatory reform know that, of course, but social policy plays a role, too.

•       Social safety net. Our existing policy for income support, with its maze of overlapping and poorly coordinated programs, imposes unnecessarily high effective marginal tax rates. In fact, as I have argued elsewhere, the CBO’s estimates of EMTRs, as shown in the above chart, very likely understate the magnitude of the problem. Many ways have been proposed to cash out and unify existing programs. Universal basic income, negative income tax, expanded earned income tax credits, universal and refundable child tax credits—take your choice. Any one could lead to a fairer, more rational, and more efficient social policy.
•       Healthcare policy. A universal and affordable healthcare system could give a real boost to labor force participation. Such a system would, of course, help simply by improving health. That would be especially important for lower-income workers, whose access to care is now most likely to be limited, and who are most likely to be kept out of the labor force by medical conditions that fall short of full disability. Moreover, a universal healthcare system, unlike the one we have now, would not have to be stringently means tested. The high EMTRs implicit in Medicaid and ACA subsidies for individual policies would be substantially mitigated.
•       Disability policy. The current SSDI disability system is obsessively concerned with making sure that people not be able to draw benefits unless they are truly unable to work. That obsession has backfired spectacularly. It is not just that the system excludes many people whose disabilities actually keep them from working but do not qualify them for SSDI. Even more to the point, SSDI, by and large, requires anyone who wants to apply for benefits, or to keep them once in the system, to prove their disability by not working. Attempted reforms, to date, have done little to change that. It remains true that returning to work can mean risking a loss of benefits far in excess of likely earnings. The disincentives in SSDI could be substantially reduced by integrating it with other sources of income support (a UBI, negative income tax, or whatever) and replacing the linkage of Medicaid eligibility to SSDI status with a system of universal health care.

In short, reforming the social safety net should not be viewed as something that would drain public resources and put a drag on economic growth. Rather, it should be viewed, along with regulatory reform and tax reform, as part of a broader project to make the economy more productive and growth-friendly.

The post Safety Net Reform, Labor Force  Participation, and GDP Growth appeared first on Niskanen Center.

from nicholemhearn digest https://niskanencenter.org/blog/safety-net-labor-force-participation/

Macy's sells Northbrook Court store. Now what?

The retailer, which sold the store to the mall's owner, GGP, is leasing the property back. But the deal could be a sign that GGP plans to redevelop the store into something else.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180220/CRED03/180229990/macys-sells-northbrook-court-store-now-what?utm_source=CRED03&utm_medium=rss&utm_campaign=chicagobusiness

Mike Madigan's North Shore move: Part 2

The speaker ups the ante in a closely contested House race as another candidate's $95,000 loan from her husband draws attention.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180220/BLOGS02/180229992/mike-madigans-north-shore-move-part-2?utm_source=BLOGS02&utm_medium=rss&utm_campaign=chicagobusiness

Blackstone flips Deerfield office building for $47 million

The deal tacks adds to a run of cashouts in the suburban office market by the New York-based private-equity giant.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180220/CRED03/180229993/blackstone-flips-deerfield-office-building-for-47-million?utm_source=CRED03&utm_medium=rss&utm_campaign=chicagobusiness

'The Battle of Lincoln Park' to examine neighborhood's transformation

Daniel Kay Hertz's upcoming book uses the area's shift in the 20th century as a lens for viewing current gentrification battles.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180220/CRED0701/180229997/the-battle-of-lincoln-park-to-examine-neighborhoods-transformation?utm_source=CRED0701&utm_medium=rss&utm_campaign=chicagobusiness

Our most-viewed real estate stories in the past week

Radio personality Bob Sirott and a Northwest Indiana church reborn as a house make the list.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180220/CRED03/302209998/our-most-viewed-real-estate-stories-in-the-past-week?utm_source=CRED03&utm_medium=rss&utm_campaign=chicagobusiness

The FDA’s Regenerative Medicine Framework is a Big Win for Gene Therapies

Last week, the Niskanen Center joined with the Life Extension Advocacy Foundation in filing comments to the Food and Drug Administration (FDA), offering our support for the agency’s new regenerative medicine advanced therapy (RMAT) designation draft guidance for industry.

Although there are opportunities for marginal improvements to the guidance, and FDA approval processes more generally, we are happy to see that the agency chose to include gene therapies in its interpretation of what qualifies as a regenerative medicine therapy.

Under section 3033 of the 21st Century Cures Act, the FDA was tasked with developing an accelerated approval process for regenerative advanced therapies. Such therapies would qualify for expedited review and approval so long as the drug (a) met the definition of a regenerative medicine therapy, (b) was “intended to treat, modify, reverse, or cure a serious condition,” and (c) “has the potential to address unmet medical needs” for a serious disease or condition. Unfortunately, the bill’s definition of a regenerative medicine advanced therapy was unclear on whether gene therapies, in particular, would qualify. Luckily, the FDA clarified this point. As the RMAT guidance document notes:

gene therapies, including genetically modified cells, that lead to a durable modification of cells or tissues may meet the definition of a regenerative medicine therapy. Additionally, a combination product (biologic-device, biologic-drug, or biologic-device-drug) can be eligible for RMAT designation when the biological product component provides the greatest contribution to the overall intended therapeutic effects of the combination product.

This is an excellent development, and one that portends immense benefits for future gene therapy applications submitted for FDA approval. According to the guidance, the new RMAT designation, unlike other fast-track approval and review processes, “does not require evidence to indicate that the drug may offer a substantial improvement over available therapies.” Liberalizing the threshold standards of evidence for RMAT designation ensures that future gene therapies will encounter fewer unnecessary roadblocks in delivering more effective and innovative treatments for individuals suffering from debilitating diseases.

As we note in our concluding remarks:

Overall, we consider the RMAT guidance to be a stellar improvement over other expedited programs, especially in its qualifying criteria. However, greater clarity is needed in order to capture the benefits of more advanced cell therapies that can help contribute to the healthy aging and well-being of American citizens. As FDA Commissioner Scott Gottlieb recently noted: “The benefits of [gene therapy] science—and the products that become available—are likely to accelerate. How we define the modern framework for safely advancing these opportunities will determine whether we’re able to fully realize the benefits that these new technologies can offer.”

We agree wholeheartedly. Developing a regulatory framework that accommodates safety and innovation will be a key determinant of how quickly the benefits of regenerative medicine, gene therapy, and anti-aging research revolutionize the lives of Americans. This guidance is an important and promising step in the right direction. With the right modifications, it can help usher in a new age of healthcare improvement for individuals from all walks of life.

Read the full comments here.

The post The FDA’s Regenerative Medicine Framework is a Big Win for Gene Therapies appeared first on Niskanen Center.

from nicholemhearn digest https://niskanencenter.org/blog/fdas-regenerative-medicine-framework-big-win-gene-therapies/

It's criminal what Illinois is doing to Medicaid patients with hepatitis C

Every day, Illinois Medicaid patients with hepatitis C are denied access to a simple cure because of outdated and unconscionable restrictions on who can get this proven treatment.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180220/OPINION/180229999/its-criminal-what-illinois-is-doing-to-medicaid-patients-with?utm_source=OPINION&utm_medium=rss&utm_campaign=chicagobusiness

Jewel-Osco parent to buy Rite Aid

The deal would accelerate the remaking of the U.S. retail and health-care industries.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180220/NEWS07/180229998/jewel-osco-parent-to-buy-rite-aid?utm_source=NEWS07&utm_medium=rss&utm_campaign=chicagobusiness

Bee Cave Shopping Center – 15500 W Hwy 71 Bee Cave Tx 78738

The following post is copyrighted by Austin Tenant Advisors - .

Bee Cave Shopping Center located at 15500 W Hwy 71 in Bee Cave Tx offers excellent highway visibility as well as a strong surrounding retail base. It’s only a few miles from the Hill Country Galleria and within 3-5 miles of over 550 single family homes.

If you are interested in leasing retail space here and want to ensure you have the tools, experience, and resources to negotiate the best deal possible call 512-861-0525

Highlights of this Bee Cave Retail Space

• Population within a 3 mile radius 13,602 and growing over 25% per year
• Average household income $147,893
• Traffic counts over 33,000 vehicles per day in the area (including Hwy 71, Bee Caves Rd, RR 620
• Asking base rental rates $36-$42 rsf. Estimated operating expenses $8-10 rsf
• Total of 37,951 RSF
• Sizes available 1,200 to 9,310 sf with bay depths of 70 feet
• 151 total parking spaces
• New stoplight at the entrance
• Next door to Nitro swimming

The post Bee Cave Shopping Center – 15500 W Hwy 71 Bee Cave Tx 78738 appeared first on Austin Tenant Advisors.

Like our roundup? Share it around.

Forward this to your friends. Our one-click signup makes it easy to pass along the news.

from nicholemhearn digest http://www.chicagobusiness.com/section/newsletter-signup-daily-alert?utm_source=NEWS07&utm_medium=rss&utm_campaign=chicagobusiness

How did MetLife lose track of thousands of pension clients?

As the company provides new details, state and federal inquiries promise to drag on for months.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180216/NEWS01/180219898/how-did-metlife-lose-track-of-thousands-of-pension-clients?utm_source=NEWS01&utm_medium=rss&utm_campaign=chicagobusiness

Half-hour to Cleveland by hyperloop? IDOT is interested

State officials say they've had preliminary talks with a California company that's pitching the super-fast tube train, but it's still very early.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180216/BLOGS02/180219899/half-hour-to-cleveland-by-hyperloop-idot-is-interested?utm_source=BLOGS02&utm_medium=rss&utm_campaign=chicagobusiness

The prolific inventor John Rogers and his newest wearable device

About the size of a large Band-Aid, the new device captures sweat and can tell athletes how much fluid and electrolytes they're losing before it's too late.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180216/BLOGS11/180219900/the-prolific-inventor-john-rogers-and-his-newest-wearable-device?utm_source=BLOGS11&utm_medium=rss&utm_campaign=chicagobusiness

Gold Coast luxury tower getting new restaurant

The spot, in the residential tower where Ken Griffin recently paid $58 million for a penthouse, will be run by the owner of Lincoln Park's Gemini Bistro.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180216/BLOGS09/180219901/gold-coast-luxury-tower-getting-new-restaurant?utm_source=BLOGS09&utm_medium=rss&utm_campaign=chicagobusiness

'Trainspotting' author lists Lakeview home

Irvine Welsh, a Scotsman, moved to Chicago in 2009. He and his wife converted a century-old two-flat into a single-family home.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180216/CRED0701/180219903/trainspotting-author-lists-lakeview-home?utm_source=CRED0701&utm_medium=rss&utm_campaign=chicagobusiness

Look inside Boka Group co-founder's Roscoe Village home

Rob Katz of the restaurant operator (Girl & The Goat, Momotaro, Swift & Sons) and his wife are selling their home, listing it for a little more than $1.92 million.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180216/CRED0703/180219904/look-inside-boka-group-co-founders-roscoe-village-home?utm_source=CRED0703&utm_medium=rss&utm_campaign=chicagobusiness

Look inside Boka Group cofounder's Roscoe Village home

Rob Katz of the restaurant operator (Girl & The Goat, Momotaro, Swift & Sons) and his wife are selling their home, listing it for a little more than $1.92 million.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180216/CRED0703/180219904/look-inside-boka-group-cofounders-roscoe-village-home?utm_source=CRED0703&utm_medium=rss&utm_campaign=chicagobusiness

U of C to host Clinton Foundation event

The meeting in October will include students from across the country, with former President Bill Clinton and his daughter Chelsea attending.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180216/NEWS13/180219907/u-of-c-to-host-clinton-foundation-event?utm_source=NEWS13&utm_medium=rss&utm_campaign=chicagobusiness

Why National Teachers Academy should stay open

Just this week, CPS decided to keep three Englewood high schools open in response to community outcry. Now let's look to the South Loop.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180216/OPINION/180219910/why-national-teachers-academy-should-stay-open?utm_source=OPINION&utm_medium=rss&utm_campaign=chicagobusiness

Feds file charge in first Chicago cryptocurrency fraud

Prosecutors in Chicago alleged that a local trader committed fraud in misappropriating $2 million.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180215/NEWS01/180219906/feds-file-charge-in-first-chicago-cryptocurrency-fraud?utm_source=NEWS01&utm_medium=rss&utm_campaign=chicagobusiness

My advice to Walgreens: Walk away from this deal

It's hard to imagine anybody making a trip to Walgreens because the company spent $17 billion-plus to boost its stake in a drug wholesaler to 100 percent from 26 percent.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180215/ISSUE10/180219912/my-advice-to-walgreens-walk-away-from-this-deal?utm_source=ISSUE10&utm_medium=rss&utm_campaign=chicagobusiness

Federal, Illinois regulators approve Advocate-Aurora merger

The thumbs-up was quick for Advocate compared to its lengthy losing battle to merge with NorthShore University HealthSystem.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180215/NEWS03/180219913/federal-illinois-regulators-approve-advocate-aurora-merger?utm_source=NEWS03&utm_medium=rss&utm_campaign=chicagobusiness

Sears jumps after tax overhaul brings surprise profit

The retailer got a boost in the latest quarter in the form of a tax benefit, giving a degree of relief to the beleaguered company even as sales continue to spiral.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180215/NEWS07/180219914/sears-jumps-after-tax-overhaul-brings-surprise-profit?utm_source=NEWS07&utm_medium=rss&utm_campaign=chicagobusiness

FCC chief's ties with Sinclair said to be subject of probe

A watchdog is investigating whether the agency's chairman improperly pushed for rule changes that clear the way for Sinclair Broadcast's proposed purchase of Tribune TV stations, a lawmaker says.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180215/NEWS06/180219916/fcc-chiefs-ties-with-sinclair-said-to-be-subject-of-probe?utm_source=NEWS06&utm_medium=rss&utm_campaign=chicagobusiness

More street cafes for Wabash in the Loop?

The Chicago Loop Alliance hopes that clusters of outdoor cafes will draw more foot traffic and attention to the "under the El" thoroughfare.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180215/NEWS07/180219917/more-street-cafes-for-wabash-in-the-loop?utm_source=NEWS07&utm_medium=rss&utm_campaign=chicagobusiness

Chicago Loop Alliance expanding Wabash Street Cafe Program

The alliance hopes that clusters of outdoor cafes will draw more foot traffic and attention to the "under the El" thoroughfare.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180215/NEWS07/180219917/chicago-loop-alliance-expanding-wabash-street-cafe-program?utm_source=NEWS07&utm_medium=rss&utm_campaign=chicagobusiness

Chicago nabs 28 James Beard semifinalist nominations

HaiSous and Mi Tocaya Antojería earned nods for best new restaurant, while 13 Chicago chefs dominated the Best Chef: Great Lakes category.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180215/BLOGS09/180219918/chicago-nabs-28-james-beard-semifinalist-nominations?utm_source=BLOGS09&utm_medium=rss&utm_campaign=chicagobusiness

Urban Partnership Bank for sale

The successor to ShoreBank, formed to carry on that failed bank's legacy of investing in low-income neighborhoods, is assessing its future now that it's making money for the first time.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180215/NEWS01/180219922/urban-partnership-bank-for-sale?utm_source=NEWS01&utm_medium=rss&utm_campaign=chicagobusiness

Developer sues city in Pilsen zoning spat

The lawsuit escalates a dispute between Property Markets Group and an alderman over a proposed residential development in the neighborhood.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180215/CRED03/180219923/developer-sues-city-in-pilsen-zoning-spat?utm_source=CRED03&utm_medium=rss&utm_campaign=chicagobusiness

A departure and an expansion at the Merchandise Mart

Publicis Group is consolidating its operations at the Leo Burnett Building as mobile-payment software company Braintree tees up its third expansion at the building in four years.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180215/CRED03/180219924/a-departure-and-an-expansion-at-the-merchandise-mart?utm_source=CRED03&utm_medium=rss&utm_campaign=chicagobusiness

CoreSight buys downtown site for data center

The facility near Roosevelt Road and Dan Ryan would be the first data center built from scratch in more than a decade.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180215/CRED03/180219925/coresight-buys-downtown-site-for-data-center?utm_source=CRED03&utm_medium=rss&utm_campaign=chicagobusiness

Big banks got huge tax cuts, then hiked cities' interest rates

As U.S. banks got billions in extra profits from the tax law, they quietly delivered unwelcome news to local governments: The interest rates on their loans were about to go up.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180215/NEWS02/180219927/big-banks-got-huge-tax-cuts-then-hiked-cities-interest-rates?utm_source=NEWS02&utm_medium=rss&utm_campaign=chicagobusiness

Trump administration torches immigration plan before Senate vote

"The stakes couldn't be higher to find a deal this week," U.S. Sen. Dick Durbin of Illinois says.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180215/NEWS02/180219929/trump-administration-torches-immigration-plan-before-senate-vote?utm_source=NEWS02&utm_medium=rss&utm_campaign=chicagobusiness

Where to buy: Libertyville and McKinley Park

Though they're at different price points, a northern suburb and a South Side neighborhood have something in common: They're both old-line neighborhoods.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180215/CRED0701/180219936/where-to-buy-libertyville-and-mckinley-park?utm_source=CRED0701&utm_medium=rss&utm_campaign=chicagobusiness

Here's what we liked at Forum 55 food hall

A fast option for good food cheap from Mercadito, Butcher & Larder, Pork & Mindy's and Flo & Santos, among others.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180215/ISSUE01/180219965/heres-what-we-liked-at-forum-55-food-hall?utm_source=ISSUE01&utm_medium=rss&utm_campaign=chicagobusiness

A Chicago bankruptcy-law upstart is punished for 'bad faith' actions

A federal judge ruled UpRight Law used heavy-handed sales tactics and improperly accepted fees from a towing company.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180215/NEWS04/180219935/a-chicago-bankruptcy-law-upstart-is-punished-for-bad-faith-actions?utm_source=NEWS04&utm_medium=rss&utm_campaign=chicagobusiness

A new way to survey the public when people won't answer the phone anymore

Conventional ways of gathering public opinion and behavior—phone and face-to-face questionnaires—no longer are effective, so this researcher has built an internet polling tool.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180215/ISSUE01/180219987/a-new-way-to-survey-the-public-when-people-wont-answer-the-phone?utm_source=ISSUE01&utm_medium=rss&utm_campaign=chicagobusiness

Will voters take the first step toward killing a ban on rent control?

An advisory referendum that calls for dropping the statewide prohibition will appear on some March 20 ballots, including all 32 precincts in Pilsen, a flashpoint of gentrification struggles.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180215/CRED0701/180219937/will-voters-take-the-first-step-toward-killing-a-ban-on-rent-control?utm_source=CRED0701&utm_medium=rss&utm_campaign=chicagobusiness

Chicago's high-end homes are a bargain

Upper-bracket homes here are among the least expensive of 10 major U.S. cities.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180215/CRED0701/180219941/chicagos-high-end-homes-are-a-bargain?utm_source=CRED0701&utm_medium=rss&utm_campaign=chicagobusiness

Cars.com buys Chicago firms for $165 million

The acquisitions increase the online auto shopper's headcount to 1,600.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180214/NEWS06/180219945/cars-com-buys-chicago-firms-for-165-million?utm_source=NEWS06&utm_medium=rss&utm_campaign=chicagobusiness

Rauner's big budget idea: Passing the tab to local governments

The governor today explained how he aims to balance his budget and deliver a small cut in the just-hiked income tax: By pushing the cost of school funding back down to the local level.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180214/BLOGS02/180219947/rauners-big-budget-idea-passing-the-tab-to-local-governments?utm_source=BLOGS02&utm_medium=rss&utm_campaign=chicagobusiness

Billions in VIX-rigging profits? Bruised index takes a new hit.

Cboe Global Markets said the idea is preposterous. Many traders agree. Yet after the burst of volatility and three wild Dow swings last week, some are asking the question: What if?

from nicholemhearn digest http://www.chicagobusiness.com/article/20180214/NEWS01/180219948/billions-in-vix-rigging-profits-bruised-index-takes-a-new-hit?utm_source=NEWS01&utm_medium=rss&utm_campaign=chicagobusiness

Wheaton apartments sell for $47 million

The sale of Courthouse Square ends a 14-year journey for its developer that included a housing crash, litigation and a major change in plans.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180214/CRED03/180219949/wheaton-apartments-sell-for-47-million?utm_source=CRED03&utm_medium=rss&utm_campaign=chicagobusiness

Ventas is battling the flu

Shares of one of Chicago's biggest REITs closed at a two-year low after executives told analysts a severe flu season, combined with new supply on the market, hampered occupancy.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180214/CRED03/180219950/ventas-is-battling-the-flu?utm_source=CRED03&utm_medium=rss&utm_campaign=chicagobusiness

$1.8 billion Fermilab project clears big hurdle

The U.S. House authorized the spending for an effort involving shooting subatomic particles underground to South Dakota, seen as key to studying black holes, the matter/anti-matter mix and more. But actually getting the money is a work in progress.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180214/BLOGS02/180219951/-1-8-billion-fermilab-project-clears-big-hurdle?utm_source=BLOGS02&utm_medium=rss&utm_campaign=chicagobusiness

Blackstone's homegrown dealmaker finally makes it to the top

Jon Gray has spent his entire career at the firm Now he's been tapped as the designated heir to the pair who built Blackstone into a dominant force in private equity.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180214/CRED03/180219952/blackstones-homegrown-dealmaker-finally-makes-it-to-the-top?utm_source=CRED03&utm_medium=rss&utm_campaign=chicagobusiness

Northwest Indiana church reborn as a house

Built in 1914 and converted in this decade, the home for sale in Whiting has stained-glass windows, bell tower and an elaborately carved wooden altar screen that frames a flat-screen television.

from nicholemhearn digest http://www.chicagobusiness.com/realestate/20180214/CRED0701/180219953/northwest-indiana-church-reborn-as-a-house?utm_source=CRED0701&utm_medium=rss&utm_campaign=chicagobusiness

Tolls on expressways? Trump plan allows it.

U.S. Rep. Lipinski warns that driving the Kennedy, Ryan and Eisenhower could start costing money. It's a bad idea, he says.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180214/BLOGS02/180219954/tolls-on-expressways-trump-plan-allows-it?utm_source=BLOGS02&utm_medium=rss&utm_campaign=chicagobusiness

Somebody please show Rahm the Blue Line

Chicago already has an express train from the Loop to O'Hare. Here's the risks of building another.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180214/OPINION/180219956/somebody-please-show-rahm-the-blue-line?utm_source=OPINION&utm_medium=rss&utm_campaign=chicagobusiness

How Grubhub has delivered

Though plenty is going right for Grubhub, its challenge is turning an early lead into a durable competitive advantage strong enough to fend off rivals including Amazon and Uber.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180214/BLOGS10/180219957/how-grubhub-has-delivered?utm_source=BLOGS10&utm_medium=rss&utm_campaign=chicagobusiness

Top Cities that Offer Work From Home Jobs

The following post is copyrighted by Austin Tenant Advisors - .

According to Indeed in 2017 job seekers searching for work from home or remotely anywhere increased by 385%. The number of people looking for jobs that allow them to work from home continues to increase year over year, especially with so many new technologies and software that make it easy to do so.

Below are the Top cities that offer jobs which allow you to work from home.

1. New York, NY – 486
2. Chicago, IL – 425
3. San Francisco, CA – 329
4. Atlanta, GA – 268
5. Houston, Tx – 247
6. Dallas, Tx – 233
7. Denver, CO – 231
8. Seattle, WA – 220
9. Austin, TX – 219
10. Boston, MA – 219
11. Washington, DC – 206

For some companies having employees work from home or remotely works just fine. However at some point if you continue to grow your headcount in a particular city you may want to rent satellite offices so your employees are able to collaborate. If you have any questions about leasing remote or satellite office spaces give us a call.

The post Top Cities that Offer Work From Home Jobs appeared first on Austin Tenant Advisors.