New study: “We know that corruption has a negative effect on firm value. It’s a deadweight tax on firm value…. Further analysis in the paper suggests that corruption is particularly harmful to shareholder value when state governments are controlled by a single party, consistent with the notion that interparty competition deters corruption.”

Salute to the car. It was a Dodge, say other reports.

With a double-digit plunge in home sales in June, the Chicago area’s housing market reached its 12 consecutive month of declines. In Chicago, 2,766 homes sold in June, 13.3 percent below June 2018, according to data released by Illinois Realtors, the statewide trade group.

In the nine-county metropolitan area, 12,002 homes sold, down 11.6 percent from a year earlier. The local declines were far steeper than the national dip. Nationwide, home sales fell 2.2 percent in June from a year ago.

Immigrant rights groups and the mayor have been unsuccessful in getting the conference, which starts Tuesday at the Marriott, canceled or moved out of the city.

A gender studies major says she can’t work at Golman Sachs, so she wants her employer forced to pay more.