Deep Blue News

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Does Wealth Equal Longevity?

Take this as you may, the Journal of the American Medical Association reports that top earning Americans add more years to their lives than those in a lower bracket do. The eight researchers – economists from Stanford University, the Massachusetts Institute of Technology, Harvard University, consulting firm McKinsey & Co., and the U.S. Treasury’s office of tax analysis - peeked into 1.4 billion anonymous tax records that dated from 1999 to 2014 and matched the data to death records from the Social Security Administration. They concluded that wealthier people tended to live longer than those who had less. Males who lived in the top fifth percentile tended to add another two years to their lives, while females in that same bracket lived longer by another three. By contrast, males who lived in the bottom fifth percent added a few more months to their life expectancy while females, in that same [...]

By |2016-04-13T10:45:28-06:00April 13th, 2016|English Articles|Comments Off on Does Wealth Equal Longevity?

The End of Uber and Lyft in Chicago?

Last Monday, Alderman Anthony Beale (9th) proposed  that Chicago’s Uber and Lyft drivers should get chauffeur’s licenses. These are what ‘regular’ taxi drivers pay to acquire. If rideshare drivers go for them, it may spell the end of ride sharing as we know it. And, possibly, hike the price of the industry. As Marco McCotry, Uber Illinois General Manager, points out, the ridesharing industry works precisely because its employees patrol many areas on south and west side of Chicago where  few taxi drivers dare to drive. Fifty-four percent of uberX trips in Chicago begin or end in areas that are underserved by taxi and public transportation. Uber and Lyft also propel social change since they give jobs to those who are under- or unemployed. More than 20% of uberX driver-partners live on the south and west sides, including many areas plagued by the city’s highest unemployment rates. Such drivers use [...]

By |2016-04-10T20:04:11-06:00April 10th, 2016|English Articles|Comments Off on The End of Uber and Lyft in Chicago?

Forbes Top 11 Illinois Colleges for 2016

Illinois Top Colleges     It’s hardly ever been a worst time for Illinois students to trot off to college than now. Some institutions are chopping classes, others clipping teachers and few offering Monetary Award Program grants. The budget starvation has reached its ninth month. But this has deterred few students from registering for degrees this year. In its annual tradition, Forbes listed the best value schools of 2016. Focusing on Illinois, this is its list: 11) Augustana College (National Rank: 257) 10) DePaul University (National Rank: 251) 9) Lake Forest College (National Rank: 235) 8) Knox College (National Rank: 205) 7) Illinois Wesleyan University (National Rank: 204) 6) Bradley University (National Rank: 182) 5) Illinois Institute of Technology (National Rank: 128) 4) Wheaton College (National Rank: 105) 3) University of Chicago (National Rank: 56) 2) Northwestern University (National Rank: 51) 1) University of Illinois at Urbana-Champaign (National Rank: [...]

By |2016-04-10T20:03:04-06:00April 8th, 2016|English Articles|Comments Off on Forbes Top 11 Illinois Colleges for 2016

Northbrook conflict over Life Time Fitness project

The Northbrook Village Board Tuesday night approved the Life Time Fitness-anchored project for a property where multiple attempts at development have failed. The mixed-use project will be located at 1000 Skokie Blvd., and will feature a 304-unit Finger Companies apartment complex, a 43,000-square-foot Children's Learning Adventure day care and enrichment center, and a 91,000-square-foot fitness club. Some trustees and the Village President, Sandy Frum, voted against it. One declared that Northbrook already had fitness centers, day cares, and a just-finished 347-unit apartment building a few blocks to the north. This project, she said, was superfluous. Another tried to postpone the vote by proposing studies on traffic, parking, and marketing to see if there was enough demand for the proposed apartments. One other trustee complained that the building was as “wide as a football field and the size of four Walmarts. It has a massive footprint." David Handler, former head of [...]

By |2016-04-10T20:05:56-06:00March 24th, 2016|English Articles|Comments Off on Northbrook conflict over Life Time Fitness project

Beam Suntory Moves to Chicago

Beam Suntory is one of a growing number of companies that is moving from suburbs to city. Beam Suntory Inc. headquartered in Deerfield, was launched on October 3, 2011 as merely Beam Inc. after it tore itself away from its former Fortune Brands holding company to focus solely on one product. The company sells spirits - bourbon whiskey, tequila, Scotch whisky, Irish whiskey, Canadian whisky, vodka, cognac, rum, cordials - and ready-to-drink pre-mixed cocktails. Brands range the world from Jim Beam bourbon to Japan's Yamazaki single-malt whiskey.  Other products include Maker's Mark and Knob Creek bourbon, Canadian Club whiskey and Kakubin, Hakushu and Hibiki whiskeys, and Courvoisier cognac. On January 13, 2014, Suntory acquired Beam for $16 billion so Beam changed its name to "Beam Suntory." Today, the $4 billion company claims it has the "soul of a start-up" and thrives on profits from double-digits sales that were produced last [...]

By |2016-04-10T20:07:29-06:00March 17th, 2016|English Articles|Comments Off on Beam Suntory Moves to Chicago

New Psychiatric Hospital in Northbrook?

Chicago Behavioral Hospital, a for-profit psychiatric hospital,  that is run by US HealthVest, a behavioral healthcare firm, plans to extend to Northbrook in summer 2017.   USVest explained to the Illinois health planning agency that there is greater need for inpatient mental health services in the north and northwest suburbs than where it is presently located, in Des Plaines. It  proposes to renovate a three-story office building on Lake Cook Road, near the intersection of Interstates 94 and 294, into a 100-bed facility at a cost of $31.3 million.   The company bought the the 125-bed Maryville hospital for $22.6 million in November 2014 and instantly ran into problems. Demand was so high and renovation ongoing that the hospital had to turn away 672 people last year since it only had 78 beds available. The number of beds has slightly increased but popular demand, their application reported, exceeds space.   [...]

By |2016-03-17T03:43:25-06:00March 17th, 2016|English Articles|Comments Off on New Psychiatric Hospital in Northbrook?

TOP 10 COUNTIES WITH THE HIGHEST ILLINOIS PROPERTY TAX RATES

According to the Tax Foundation, Illinois pays the second highest property tax in the nation. And there are some  counties, the real estate website Smart Asset documented, that pay more than others. Each state has its own formula . Some states pay higher taxes because they don't collect  state income tax. Other states like Illinois and New Jersey  bundle property taxes among other hefty taxes and ramp the charge. In Illinois, the median property tax is about $3,507 for a house that costs $202,200, or 1.73 percent of the property’s assessed fair market value - depending on where you live. More recently Reboot Illinois used a Smart Asset report and listed the top 25 counties with the highest Illinois property tax rates. Here are the top ten: DuPage County, IL: Median Home Value: $286,500; Median Annual Property Tax Payment: $6,115 Champaign County, IL: Median Home Value: $149,500; Median Annual Property [...]

By |2016-04-10T20:11:25-06:00March 11th, 2016|English Articles|Comments Off on TOP 10 COUNTIES WITH THE HIGHEST ILLINOIS PROPERTY TAX RATES

Apple Refuses To Help FBI

    It’s a debate that pits digital privacy against national security interests. Last year, a federal magistrate in Chicago ordered Apple to help federal prosecutors access data on an iPhone in a personal bankruptcy and passport fraud case. Apple refused to comply. According to the Chicago Tribune, in November 2015, U.S. Attorney Zachary Fardon appealed to Apple to help the FBI bypass the passcode to search, extract and copy data from an iPhone 5S owned by Pethinaidu and Parameswari Veluchamy who live in the Northern District of Illinois. The couple had run Mutual Bank which failed in July 2009 among a scurry of scandals. The couple was more recently charged with passport fraud according to court documents. An affidavit filed Nov. 13 said text messages, phone contacts and digital photos might help confirm wrongdoing. It could also indicate motives and whether or not the fraud was intentional as charged. Apple denied [...]

By |2016-02-25T18:17:01-06:00February 25th, 2016|English Articles|Comments Off on Apple Refuses To Help FBI

10 Best Paying Jobs In Illinois Over the Next 5 Years

Looking for the highest paying jobs in Illinois in the near future?  If you’re a current or future job-seeker this recent report provided by Crain’s Chicago Business may give you some insight on where to direct your search, but not limit it. The Federal Reserve Bank of Philadelphia found that Illinois was one of seven states that had its economy shrink during the last quarter of 2015, according to an analysis of the latest employment data. In response, Crain’s Chicago Business released a list of 10 Illinois industries that will see the largest number of projected jobs gains between 2014-18, as well as 10 with the biggest job losses, according to data from Economic Modeling Specialists International. These are the top 5 Illinois industries that will experience the most projected job growth over the next five years. As you see, several do not require advanced degrees. Temporary Help Services  -  Projected [...]

By |2016-02-24T21:33:16-06:00February 24th, 2016|English Articles|Comments Off on 10 Best Paying Jobs In Illinois Over the Next 5 Years

Moody’s report: Forecast for Illinois Universities?

The Moody Report paints a grim picture for Illinois universities - at least as long as this delayed budget debacle continues. Feb. 5, Moody’s Investors Service on Illinois’ public colleges said that "The longer the budget crisis continues, the greater the likelihood that additional Illinois public universities will declare financial exigency to address costs." They’re already doing so. Eastern Illinois University President David Glassman wrote that: We will implement the actions of halting all non-instructional capital equipment purchases; delaying all deferred maintenance and repairs that are either unrelated to safety and security or already paid for; delaying all non-instructional capital projects; halting all non-instructional supply purchases without vice presidential approval; freezing employee-reimbursed travel with minimal exception such as for required federal or governmental purposes; and freezing all hiring that involves FY16 funding. Western Illinois University in Macomb voted to cut more than 40 teaching positions. Chicago State University has already [...]

By |2016-02-24T21:36:27-06:00February 17th, 2016|English Articles|Comments Off on Moody’s report: Forecast for Illinois Universities?