The Republican leader said he’s spoken to CME Group Inc., the world’s largest futures exchange, about relocating to the Lone Star State. CME and other Chicago-based trading firms have complained about a pickup in violent crime since the pandemic as well as potential tax increases floated by the mayor. “I actually have approached the CME,” Abbott said Wednesday in an interview with Bloomberg Television in New York. “There are some businesses in Chicago that are fed up.” Chicago Teachers Union contract demands are totally divorced from reality – Wirepoints
May 8, 2024
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Details emerging about Chicago Teachers Union’s upcoming contract show just how divorced its demands, both extreme and expensive, are from the reality at Chicago schools. It’s not just about massive salary increases, but also about money for migrant students, climate initiatives, abortions and gender-affirming care. About blocking parental notification. Count on CTU’s demands to veer further from reality until the public finally says no.
Weekly crime statistics from the Chicago Police Department: Report through 5/4/2024.
Gov. JB Pritzker calls it “ethics” reform.
It’s rare to see city leaders in Chicago take an open, unabashed stance on the collapse of literacy. To complain is deemed as too political, too racist or too anti-public schools. So it’s refreshing to see Willie Wilson, a successful businessman and leader of the black community, call for a literacy initiative “with the goal of getting 100% of Black students reading at grade level.”
Anyone care to bet how long the CME stays in the Chitty and puts up with the crime?
I heard that the wife of someone in the C-Suite at CME was carjacked. If you’re an employee that hits home. I know a woman that works there, she goes from Union station to CME and doesn’t leave the building. What happens after another incident like that, or if someone gets hurt.
Very sad situation – hopefully she was not harmed. My wife’s niece had the same experience simply trying to get to her car to drive to work early in the morning from what was thought to be a ‘safe’ neighborhood. Thank God she was not physically harmed, but now has PTSD. Yes, it only takes one incident to go bad.
Let’s apply some objective logic to the clickbait in Crains. If the city passes a transaction tax, CME leaves. However, Pritzker has said he will veto any tax. So, that is probably out of the question no matter how much the Marxists in Chicago desire it. If Chicago increases their real estate taxes (hence their rent) and institutes a corporate head tax of $4, CME does the math to see if it makes sense to move. My guess is that it doesn’t. If crime in Chicago continues to escalate, and CME employees feel extremely threatened combined with an inability for… Read more »
I totally agree with your comment on CLT, now the 15th largest city. Very pleasant place.
The CME stays in Chicago because of inertia. It’s been here for 100 years and difficult to move. As for the LaSalle St tax, don’t forget that Fatso the Pig lies about vetos all the time (remember the fair maps thing?) and the legislature has a supermajority to override the veto. By the time this bill reaches the governor’s desk, it’s already too late. The obviously want to leave but they can’t reach a consensus where to go. Probably 1/3 wants to move to NYC, another 1/3 wants to move to a red state, with the other 1/3 vehemently against… Read more »
If CME goes, the current slow trickle of Loop businesses leaving will become a balls-out jail-break
If I’m not mistaken, didn’t the CME have their building sold not long ago? If so, that show’s action-taking-forethought that they mean it, and that they saw the writing on the wall. You know thoseTraders; always thinking ahead.
CME sold their building on Wacker and the CBOT building years ago. The board concluded they were not in the real estate business and didn’t want the CRE to be a part of the way their financial statements presented the company
The CME CEO made a public utterance that CME was well positioned for a stage left exit with very few strings attached. Not empty talk. At this point, if there is a good relocation offer from TX CME should take it.
I’d guess 1/3rd of them want to move to the NYC area to join the rest of their financial brothers.
There are some residents in Chicago that are fed up too.
Their illegal migrants come here, our businesses go there? Well, that sounds like something Illinois might pull off.
Look for the poaching to step up. CME could get a windfall on their relocation.
Yep, that’s a fact.
BJ-n-JB better pretty quickly figure out a way to be able to force businesses to pay a tax, or a fine, a fee or a bribe, before they can leave Illinois.
Can’t afford to pay ’em to stay. It’s all they have left.