Events

I've come out in favor of the CTA Bus Tracker because it provides very helpful information when you need it. Like recently, as I watched the #22 pass my winter office while getting my coat on, I checked the next bus time. Fourteen minutes. Phooey. What about the #36, which passes a block away? "Arriving." Yep, I can see it passing a block away. Next one in 16 minutes. Phooey. The problem is, it's a 15-minute walk. So while the CTA Bus Tracker saved me waiting in the cold for longer than it would take to...

U.S. Attorney Pat Fitzgerald announced a new, 16-count indictment (pdf) of former Illinois Governor Rod Blagojevich today, with a new twist: The RICO conspiracy count alleges that Blagojevich personally, the Office of the Governor of Illinois and Friends of Blagojevich were associated and, together, constituted the "Blagojevich Enterprise," whose primary purpose was to exercise and preserve power over Illinois government for the financial and political benefit of Blagojevich.... As part of the...

Yes, it's nerdy, but when this happened over the weekend I had to snap a photo: It might even have been more interesting if I'd just sat there and waited for half an hour or so (27 minutes, actually), but even I have a nerd threshhold. By the way, because I live in the middle of Chicago, it might surprise readers to know that I bought the car new in January 2002. In 2008, actually, I drove less than 5,000 km. Really, public transportation rocks.

CBS has pulled the plug on Guiding Light, which they first broadast (over radio) in January 1937: The radio show, which had its debut on January 25, 1937, was broadcast from Chicago until 1946, when production moved to Los Angeles and later New York. It was introduced as a 15-minute CBS TV show on June 30, 1952, with actors doubling up on both TV and radio until the end of the series' radio run four years later. It expanded to 30 minutes in 1968, a year after it began being broadcast in color. ... Cast...

All of these are true, and all of these are appropriate for April Fool's day: Punzun Ltd., my software firm, proudly announced record earnings yesterday, earning a net profit of $0 on $0 of gross revenue and ($0) expenses (all figures in millions). It's the best quarter we've ever had, 11% better than our last record in 4th quarter 2004. Mark Morford, on GM's "recovery:" "Behold this weird new Camaro. It is, in sum, exactly the wrong car at exactly the wrong time with exactly the wrong attitude attached...

The Chicago Sun-Times has filed for Chapter 11 protection: The publisher of the Chicago Sun-Times and other Chicago-area papers emphasized that it will continue to operate its newspapers and online sites as usual "while it focuses on further improving its cost structure and stabilizing operations" during the Chapter 11 financial reorganization. Tuesday's filing can't be characterized as a surprise. Many observers have marveled that the company has been able to stay on its feet as long as it has, given...

Despite recently complaining about public transit in Chicago, I have to say I like ctabustracker.com, the Chicago Transit Authority's online bus tracker. It's a public-private venture with Google, and I think everyone benefits. In fact, I'm writing this blog entry because I have 11 minutes before my bus comes, and it only takes me 4 minutes to shut down my laptop and get to the bus stop. This, I think, is the epitome of efficient labor markets. All right, maybe not the epitome, but certainly a good...

Via TPM Muckraker, the Boston Globe reports today that the Pension Benefit Guarantee Corporation moved from bonds into stocks just before the market fell last fall: The agency refused to say how much of the new investment strategy has been implemented or how the fund has fared during the downturn. The agency would only say that its fund was down 6.5 percent - and all of its stock-related investments were down 23 percent - as of last Sept. 30, the end of its fiscal year. But that was before most of the...

Josh Marshall at Talking Points Memo wrote this evening about his own thoughts about physical books vs. Kindle: I've always been an inveterate collector of books. Not in the sense of collectibles, but in the sense that once I buy a book, I never let it go. As I made my way through adulthood it was while dragging a tail of several hundred books along with me. ... Don't get me wrong. Book books still have some clear advantages. Kindle is a disaster with pictures and maps. But I didn't realize the book...

This morning, consistent with other early spring mornings I remember from years past, Chicago is having a blizzard. We're on the backside (in so many ways) of a low-pressure center, getting some fresh spring breezes (41 km/h gusts out of the north), delightful spring warmth (0°C with a windchill of -6°C), and a gentle sodden wet heavy snowfall. In other happy news, the New York Times health blog yesterday reported 86,000 emergency room visits each year by people who tripped over their pets: That...