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* Mayor Daley sees intensifying storm despite positive trends in economy
“It’s like a tsunami. It’s all coming together,” Daley said as he urged Chicago businesses to make their employees aware of government assistance programs.
“This is not a recession that we’ve seen in the past that’s one part of the economy. This is the financial industry. This is retailing. This encompasses manufacturing. It encompasses everything you see in society.”
He added, “Everybody wants a glimmer of hope. I do, too. I want the sun to come out. But, the glimmer of hope is not what we’re talking about here. … I’ve talked to many, many business leaders. They have the same perception. This is much longer and stronger. … It’s much different from any recession they’ve ever seen in the last 40, 50 years.”
* Chrysler cutting shift; 992 to lose jobs
Chrysler LLC, the struggling automaker reorganizing in bankruptcy, will lay off 992 workers from its Belvidere assembly plant and convert the plant to a one-shift operation.
The company sent out an e-mail today at 6:42 p.m. Tuesday with the new plan for its Belvidere plant, where about 2,600 workers on two shifts have been assembling Dodge Calibers, Jeep Compasses and Jeep Patriots.
* Potential buyer makes another bid for hartmarx, sources say
* Banco Popular pulls back, cuts 90 local jobs
* City nabs green honor
* CTA complaints are down, agency says
* Juvenile Court Overwhelmed in Southern Cook County
* 500 city teaching jobs, 3,000 job seekers
* $20 mil. grant to upgrade radios, improve disaster response
posted by Mike Murray
Wednesday, May 20, 09 @ 9:15 am
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I don’t think Daley has any great insight on the economy; he’s just discouraging anyone from asking him for anything.
Comment by wordslinger Wednesday, May 20, 09 @ 9:19 am