Day: February 4, 2024

Shoplifting by ‘foreign nationals’ soars in River North: One has been arrested 4 times under 3 names. – CWB Chicago

The Cook County sheriff’s office estimated 62 foreigners were arrested for shoplifting in January, up from six during the same month last year. Sheriff’s officials released the information this week as they announced the arrests of three men who allegedly ran a fake ID mill, an investigation that began after police learned that people were hiring the migrants to shoplift certain products in exchange for fraudulent IDs.

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Suburban office market adjusts as tenants downsize and shift to higher-end buildings – Daily Herald*

Savills Regional Research Director Anders Klein said that while conditions have modestly improved among Class A buildings in some markets, there has been no sign yet of any overall recovery in the suburban office market apart from some diminishing of its stock. “Outside of O’Hare, availability has ticked lower in some areas as office buildings are targeted for repurposing and available office space is permanently pulled off the leasing market,” he said.

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Are Bankruptcies of Some U.S. States in the Future? – Mises Trust

Illinois and New Jersey are examples of a future state bankruptcy or default on a future bond debt obligation payment. California budget deficits under Governor Gavin Newsom are proliferating as part of the spending trend. Financial press coverage of these states’ financial problems is available. New York, Connecticut, Michigan, and other states are heading to future defaults and possible bankruptcy unless budget and policy reform is enacted.

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The Illinois Estate Tax Code: Will Change Finally Happen? – Vermilion County First

“It was back in 2003 that the State of Illinois decoupled from the federal level of how “Estate Tax” is handled. Commonly known as the ‘Death Tax,’ it applies to family businesses as well as farms. But it’s on the farm where most conversation about this has occurred. While families of the owner of farmland owned by a deceased party are not subject to the Estate Tax, according to the federal level, until the property’s appraised value reaches the $13 million mark; in Illinois the tax kicks in at the $4 million mark, causing many families to have to sell

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Tax bill causes Bears to pivot off Arlington Heights – NBC Sports Chicago

The team’s attorney argued at a Cook County Board of Review hearing that the property should be valued at $60 million and taxed at the 10% rate for residential and vacant land, due to the work done to demolish the existing structures on the site, versus the 25% tax rate for commercial properties. Three surrounding school districts – which rely on property taxes for their funding – intervened in the Bears’ appeal, submitting an appraisal finding the site to be worth $160 million. This $100 million gap is too much to believe both parties will eventually shake hands on a

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SNL jokes Gaza has called for a ceasefire in Chicago, after crime-ridden metropolis’ progressive mayor passed controversial resolution – Daily Mail

Even Saturday Night Live is poking fun at the Windy City after the crime-ridden metropolis' progressive mayor passed a controversial resolution last weekThe clip of Weekend Update host Michael Che’s joke has soon gone viral on social media, as an X user who shared the video said: ‘Even “left-leaning” media is laughing at Chicago.’ ‘Far too often, Chicago is the punchline to a joke. Elect clowns, expect a circus. Do better, Chicago,’ the user wrote. Another user wrote: ‘Oh boy, I’m glad I moved. Please be safe.’

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UChicago, Rush hospitals lay off staff, citing financial struggles – Chicago Sun-Times

“The fact is many outside pressures including higher supply and labor costs are converging as healthcare delivery rapidly evolves,” president Tom Jackiewicz and Mark Anderson, executive vice president of medical affairs, wrote in a memo to employees on Thursday. “Additionally, we grew our staff to address the pandemic, which was necessary for that moment but cannot be maintained.”

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Dozens rally for immigrant rights in Chicago – CBS2 (Chicago)

Migrant Rally A number of elected officials pledged their support for the coalition’s policy platform, which includes calls for immigrant healthcare and more funding for community services. “We are way overdue in creating a system of migration rooted in compassion and in justice,” said U.S. Rep. Jesus “Chuy” Garcia.

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Shootings, Homicides in Chicago Both Down at Least 25% to Start 2024, According to Police – WTTW (Chicago)

According to the CPD, the number of robberies — which spiked throughout 2023 — is down 28% thus far when compared to the same time last year. Since the start of the year, the city has recorded 72 vehicular hijackings, down 52% compared to 2023, according to the CPD. Officers have made 146 motor vehicle-related arrests already this year, and of the 35 arrests for vehicular hijacking, 49% have been juvenile offenders.

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