| Mar 12, 2014 | Economy / BusinessPurveyors of Ferraris and high-end Swiss watches keep their fingers crossed toward the end of each calendar year, hoping that the big Wall Street banks will be generous with their annual cash bonuses. New figures show that the bonus bonanza of 2013 didn’t...
| | Economy / BusinessEarlier this year, hundreds of faculty members at the University of Illinois-Chicago canceled their classes and went on strike. In the first faculty walkout in UIC history, they picketed the campus for two days. What could professors possibly have to complain about?...
| | Rights / DemocracyExactly 25 years ago, the British computer scientist Tim Berners-Lee conceptually “invented” the World Wide Web — and set in motion a process that would rapidly make the online world an essential part of our daily lives. By 1995, 14 percent of Americans...
| | Economy / BusinessAn upscale housing development in Wilton, Connecticut (all of Wilton is upscale) is having no trouble selling its 20 units for $800,000 each. On average, homes in that town now fetch more than $1 million a piece. And real estate experts only rank the region that...
| Mar 5, 2014 | Economy / BusinessThe two cousins who run the private equity giant KKR took home an astounding total of $327 million in 2013, new regulatory filings reveal. Much of this lush windfall came via “carried interest,” Wall Street-speak for the cut that private equity kingpins...
