Federal Reserve System

America’s digital divide: Startups fly, storefronts struggle

By Michael Lucci
09/26/2014
This article was written by Satta Sarmah and featured in Fast Company on September 26, 2014.  When 30-year-old Chicago native Sheyla Jarocz talks about how a brick and mortar storefront survives in the city’s North Center neighborhood, it sounds like a lonely mission. “I’ve tried to do promotions with nearby businesses,” said Jarocz, who opened Maash Boutique two years...

TAGS: Chicago, jobs

TRS posts negative investment return for October

By Jonathan Ingram
12/12/2012
Things still aren’t looking up for the Teachers’ Retirement System, or TRS. You’ll remember that it earned a dismal 0.76 percent return on its investments in fiscal year 2012, after predicting 8.5 percent returns. Earlier this year, TRS lowered that expectation, but only slightly: the system is still predicting 8 percent returns this year. But...

Recession Ends – Yet A Disaster for Obama

09/22/2010
by John Tillman The worst possible news for President Obama is that the National Bureau of Economic Research said Monday that the downturn ended in June of 2009. Why a disaster for the president? Simple: As of June 2009, only $201.3 billion, or 25.6 percent of the total stimulus bill, had been awarded (not necessarily spent, as this...