In an escalating trade dispute with President Donald Trump, China on Wednesday proposed an additional round of tariffs on $50 billion worth of U.S. exports, a move that could affect Illinois businesses ranging from downstate soybean farmers to Chicago whiskey-makers and a host of other companies.The move by China followed the Trump administration’s announcement Tuesday night of its own tariff proposal, which would be levied on 1,300 Chinese imports. Together, if implemented, the trade maneuvering by the two countries promises to drive up the prices many Americans pay for imported goods, while making it more difficult for some U.S. companies to sell their goods in China. In Illinois, growers of soybeans, the state’s largest agricultural export, would feel the pain most acutely.It’s unclear when — or whether — the proposed tariffs might go into effect, but the mere threat of them sent the Dow Jones industrial average tumbling early in the day, before … [Read more...] about ‘L’ cars, whiskey, soybeans and more: Illinois products could be socked by Chinese tariffs as trade dispute escalates
Illinois
Illinois governor donates ‘Godfather’ papers to Dartmouth
Updated 8:10 am, Thursday, April 5, 2018 Photo: Marty Lederhandler, AP Image 1of/1 CaptionClose Image 1 of 1 FILE - In this July 25, 1996 file photo, author Mario Puzo talks during an interview in New York. Illinois Gov. Bruce Rauner has donated his collection of "The Godfather" author Mario Puzo's papers to his alma mater Dartmouth College. The New Hampshire school says in a news release it was "an offer they couldn't refuse," echoing one of the movie's famous lines. The 50 boxes of papers that Rauner and his wife Diana donated will be housed at the college's Rauner Special Collections Library. less FILE - In this July 25, 1996 file photo, author Mario Puzo talks during an interview in New York. Illinois Gov. Bruce Rauner has donated his collection of "The Godfather" author Mario Puzo's papers to his alma ... more Photo: Marty Lederhandler, … [Read more...] about Illinois governor donates ‘Godfather’ papers to Dartmouth
Illinois’ most populous county files new suit over Cambridge Analytica’s use of Facebook data
Home Daily News Illinois' most populous county files new… Privacy Law By Debra Cassens Weiss Posted March 26, 2018, 2:17 pm CDT Shutterstock.com. The county that includes Chicago may be the first government entity to sue over Cambridge Analytica’s use of Facebook data for use in federal election campaigns. Cook County, Illinois, claims in a lawsuit filed on Friday that the use of information from more than 50 million Facebook users, including millions in the state, violated the Illinois Consumer Fraud and Deceptive Business Practices Act. Ars Technica and the Chicago Tribune covered the suit, filed on behalf of Illinoisans in Cook County circuit court against Facebook, Cambridge Analytica and Cambridge Analytica’s parent company. Facebook’s platform “has essentially become a data aggregation machine disguised as a social network,” the lawsuit says. Cook County is Illinois’ most populous county and the second-largest county by population in … [Read more...] about Illinois’ most populous county files new suit over Cambridge Analytica’s use of Facebook data
2 Illinois law firms using the name O’Keefe settle their legal battle
Home Daily News 2 Illinois law firms using the name O'Keefe… Trademark Law By Debra Cassens Weiss Posted March 12, 2018, 7:00 am CDT Shutterstock.com. Chicago law firm O’Keefe Lyons & Hynes has settled a trademark infringement suit against the O’Keefe Law Firm in suburban LaGrange, Illinois. O’Keefe Lyons had filed the federal lawsuit in Chicago last July claiming the other firm’s use of the name was causing confusion. Both firms handle property tax appeals. O’Keefe Lyons was formed in 1937 while the O’Keefe Law Firm was formed in 2012. The suit had claimed trademark infringement, unfair competition, deceptive trade practices, consumer fraud and unjust enrichment. Terms of the settlement agreement were not disclosed, Law360 reports. A lawyer with the O’Keefe Law Firm told Law360 that it will be able to keep using the name, while a lawyer representing O’Keefe Lyons said the firm had achieved its goals. The O’Keefe Law … [Read more...] about 2 Illinois law firms using the name O’Keefe settle their legal battle
Lawsuit: Illinois governor managed personal investments while in office
[JURIST] Illinois Governor Bruce Rauner [official website] participated in meetings involving his share of a $67.5 million settlement shortly after taking office in 2015, according to a newly-unsealed lawsuit [complaint] on Tuesday. Rauner claims to have no day-to-day involvement in his investments and publicly declared before taking office that he would give up his control [AP report] over his wealth management. The lawsuit alleges that Rauner invested $5 million as a limited partner in Kirkpatrick Capital to acquire a minority share in United Shore Financial Services, a private mortgage lender. Rauner turned his $5 million investment into $20 million, with the help of two separate disputes, one between United Shore and Kirkpatrick Capital and the other a personal claim by Herrald Kirkpatrick, that led to the $67.5 million settlement. The current dispute involves the allocation of the settlement proceeds. The suit alleges that the governor's $15 million gain "apparently is not enough … [Read more...] about Lawsuit: Illinois governor managed personal investments while in office