That’s billion, with a “b” The New York Times reports on a new $7 billion plan to rebuild Chicago’s infrastructure. The Times says Mayor Rahm Emanuel will announce the plan during a speech today. He says the improvements will be paid for without raising property or sales taxes. As many as 30,000 jobs could be created.
School shortfall Partner station WBEZ reports the Chicago Public Schools district is facing a $700 million dollar deficit this year. The deficit came about because of rising pension costs. Officials say they were able to avoid painful cuts in the past few years, but this year those cuts are coming.
Church appeal Cleveland’s Bishop may appeal a Vatican decision to keep open 13 Cleveland-area churches. The bishop’s spokesman tells partner station WCPN Ideastream that attendance has fallen, and the churches create a financial burden for the diocese. The Vatican sent an order two weeks ago to reopen the churches.
Not over yet The booms are back in Clintonville, Wisc.
In October 2010, a 360 foot long crack appeared in rural Menominee County, Michigan. Residents nearby reported hearing booming noises. Is this what's coming for Clintonville, Wisc.? Credit: Wayne Pennington, Michigan Technological University
We’ve been as fascinated as anyone else about the strange news coming out of Clintonville, Wisc. this week. Residents in the small town have been hearing mysterious booming noises in the wee hours of the morning.
It may be a stretch to consider this an economic story, but Clintonville is being flooded by out of town reporters, who must have some kind of economic impact. And at least one engineering firm is getting business from it.
Plenty of people online also speculate that “fracking” could be behind the mysterious noises. Hydraulic fracturing, the natural gas drilling method usually just called “fracking,” did play a role in a series of earthquakes near Youngstown, Ohio. The U.S. Geological Survey just confirmed that there is small seismic activity behind the Clintonville booms - tiny tremors that only measure 1.5 in magnitude. But town officials say they’ve ruled out most man-made causes for the tremors (the closest known fracking operation is about 20 miles from Clintonville).
That leaves natural causes as a possible explanation. Accuweather.com says the Midwest’s abnormally warm spring could be playing a role, as ice in the ground quickly melted and the soil suddenly settled.
But one of the biggest questions, of course, is whether these noises are something to be worried about.