Chesapeake Energy Corp. and the U.S. unit of Encana Corp., rivals in developing American oil and gas resources, criminally conspired to avoid competing in Michigan, according to the state’s attorney general.
Chicago is now the city of big debt, where each of its 2.7 million residents -- from infants in diapers to senior citizens on fixed incomes -- is on the hook for about $20,000 in long-term pension promises and bond obligations. Like the relentless snow clogging the city’s streets, it just keeps piling up.
The U.S. Supreme Court, rejecting a bid by Michigan, refused to order Illinois and the federal government to permanently separate the waters of Chicago-area rivers and canals from Lake Michigan to stop the migration of Asian carp.
The developer of the Chicago Spire, the stalled project that backers say would be the Western Hemisphere’s tallest building, may resume construction after Atlas Apartment Holdings LLC agreed to invest $135 million to finance a plan to exit bankruptcy.
The two Mexican couriers were hauling a tractor-trailer full of cash: $3 million collected for drugs sold on the streets of Chicago. Juan Gonzalez and David Zuniga were driving their rig through Indiana in October 2011, transporting the money to Mexico. As they stopped to fix a flat tire, three members of the Gangster Disciples, Chicago’s biggest street gang, held them up at gunpoint.
The headlines were alarming: "Drought Could Reverse Flow of Chicago River," hailed the website of WLS-TV, the local ABC News affiliate. "Ongoing Drought Could Send the Chicago River Flowing in Reverse," read Smithsonian magazine's normally sedate web pages.