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Archive for October, 2007

Neumann goes bankrupt

Thursday, October 25th, 2007
Filed under: business

Neumann goes bankrupt, Merrill posts its biggest loss in 93 years, and Elgin foreclosures increase 42% year-over-year. Call me a pessimist, but somehow I don’t think this Channing Square project is going to come to fruition anytime soon.
Julie Schmitt has been passionately fighting this development, but hers has probably been an unnecessary expenditure of […]

Hastert retires early

Thursday, October 18th, 2007
Filed under: politics

According to an AP article, Denny Hastert will step down late this year or early next year, triggering a special election. Aurora Republican Chris Lauzen leads the pack in fundraising, with more than $500K. Geneva Democrat Bill Foster leads Democrats with $400K in the bank.
In the past the 14th Congressional district was a […]

A tale of two equities

Wednesday, October 17th, 2007
Filed under: business

Two publicly-traded companies based in Elgin, and their divergent paths:

If you invested, $10,000 in Middleby just five years ago, today it would be worth about $150,000! That kind of performance is exceptional for even an Elgin-based company. Hats off to Selim Bassoul.
Sanfilippo (JBSS) did not fare as well…

Dupage Street house restoration

Sunday, October 14th, 2007
Filed under: history

Next door to the cobblestone house I mentioned in the previous post, the good JB Harris is at work on another restoration project.
I can’t wait to see how it turns out.