List/Grid Tag Archives: economic
Release Date: March 7, 2013 For immediate release The nation’s largest bank holding companies have continued to improve their ability to withstand an extremely adverse hypothetical economic scenario and are collectively in a much stronger capital position than before the financial crisis, according to the summary results of bank stress tests announced by the Federal Reserve on Thursday. Reflecting the severity of the stress scenario–which includes a peak unemployment rate of 12.1 percent, a drop in equity prices of more than 50 percent, a decline in housing prices of more than 20 percent, and a sharp market shock for the largest trading firms–projected losses at the 18 bank holding companies would total $462 billion during the nine quarters of the hypothetical stress scenario.
Chicago, IL, November 13, 2012 – While everyone has their own holiday shopping list, two areas that seem to be important to everyone when purchasing gifts are value and service. “In today’s economy it shouldn’t come as a surprise that value and service are highly prized in the consumer’s mind,” explained Steve J.
Former Cook County Official Charged with Scheming to Falsify Documents for State Review of Federally Funded Jobs Program
CHICAGO—The former acting director of a Cook County job-training program was arrested today on federal charges for allegedly engaging in a scheme to falsify documents related to a state review of the county’s 2009 Summer Youth Program, which was funded by a federal grant. The defendant, Brendolyn Hart-Glover, was field operations manager and, during 2010, served as acting director of the Cook County President’s Office of Employment Training, or POET, which last year was renamed Cook County Works.
Owner and Founder of Metro Dream Homes Sentenced to 150 Years in Prison in $78 Million Mortgage Fraud Scheme
GREENBELT, MD—U.S. District Judge Roger W.
Release Date: January 25, 2012 For immediate release Information received since the Federal Open Market Committee met in December suggests that the economy has been expanding moderately, notwithstanding some slowing in global growth. While indicators point to some further improvement in overall labor market conditions, the unemployment rate remains elevated.
CHICAGO- Representatives of roughly 50 minority- and women-owned businesses gathered November 30 at the Federal Reserve Bank of Chicago (FRBC) to discuss the current economic landscape and how to grow their companies in the coming year. The half-day conference was titled “New Strategies for a New Economy,” and more than 85 business professionals attended.
State Economic Development Agency Announces Expansion of Magnum Steel Works – Coal Mining Equipment Company Expected to Create and Retain 150 Illinois Jobs Over Four Years
MT. VERNON – Illinois Department of Commerce and Economic Opportunity (DCEO) Assistant Director Dan Seals today joined local officials to announce that coal mining equipment manufacturer Magnum Steel Works, Inc.
BLOOMINGTON, Ill. , Nov.
Quinn Administration Announces New Jobs at FedEx Packaging Facility Grand Opening – New Facility Expected to Create More than 450 Jobs; State Investment Package to Bolster Private Investment
GRAYSLAKE – September 29, 2011. Governor Pat Quinn today announced the opening of a new FedEx facility in Grayslake that would result in the creation of more than 450 new jobs, including managers, clerical staff, maintenance workers, drivers and more.
State Economic Director Announces Nearly $4.6 Million in Federal Funding for Infrastructure Improvements on Chicago’s South Side – Federal Funding Will Support Economic Recovery Project in Pullman Park Community
CHICAGO – Illinois Department of Commerce and Economic Opportunity (DCEO) Director Warren Ribley today highlighted $4.6 million in federal funding to make infrastructure improvements in Pullman Park, located on Chicago’s south side. Awarded through the “Ike” Disaster Recovery Program, the funding will be used to make repairs to road and sewer infrastructure leading up to the Pullman Park retail site currently under development, to be anchored by a Walmart supercenter.