If you've spent time stuck in an airport this holiday season, but got a cheap ticket, you may have Alfred Kahn to thank -- or blame.The noted economist, who died in Ithaca, N.Y., on Monday at age 93, taught economics at Cornell University for more than 60 years.
American consumers sent out decidedly contradictory signals Tuesday, spending more in December while telling researchers they were less confident about the economy.After showing a slight improvement in November, the Conference Board's index of consumer confidence dropped to 52.5 in December.
As 2010 winds down, many are saying good riddance. Technically it was the first full year since the end of the Great Recession. The economy actually grew, but so slowly many didn't feel the improvement.
Chicago Mayor Richard Daley said he's considering options to turn the former Michael Reese hospital site into a technology park.An advisory panel will recommend ways to bring tech-based industries to the site on Chicago's South Side.Daley said the project will extend beyond his mayoral term.