What Does Illinois Export?

What does Illinois export and to which countries? While overshadowed by Springfield politics regarding pensions, concealed weapons, and gay marriage, Governor Pat Quinn recently visited Mexico on a trade mission. This jaunt was the fifth such mission having previously visited: Belgium, Brazil, Canada, & China. Leaving aside FDI and trade in services (for this articleContinue reading “What Does Illinois Export?”

What do you know about your tank of gas? (The answers are here!)

Last week I put up this poll asking where our oil comes for here in Chicago? Thanks to the monthly data on imports, I can now report that the majority of Illinois’ petroleum comes from our neighbors to the north: Canada. Congratulations to the forty percent of you who got this one right! But those whoContinue reading “What do you know about your tank of gas? (The answers are here!)”

The Poor Penniless Penny

What is America’s obsession with the penny? Quoting a study from 1976, the US Mint suggested that the humble penny is the “most widely used denomination in circulation.” Even more bizarre, the one cent coin  requires nearly 2.5 cents in raw materials. A penny saved is now a penny and half of your tax dollarsContinue reading “The Poor Penniless Penny”

Where Should We Plant the Canadian Flag?

The Supreme Court just confirmed the constitutionality of the Patient Protection and Affordable Care Act’s (PPACA) individual mandate. This provision requires all uninsured Americans to enroll in health insurance or pay a tax penalty. For those who could not afford insurance, the Act was also to expand Medicaid. This second provision was adjusted but notContinue reading “Where Should We Plant the Canadian Flag?”