Pat Quinn 2014 State of the State: We Made a Comeback, Jobs are Being Created, Companies are Moving Here

In listening to Gov. Pat Quinn give the 2014 State of the State address today, it is clear he is as delusional as President Obama was last night in his State of the Union address.  He continually repeated the following themes: We’ve made a comeback Getting the job done Finish the job Equality and fairness […]

The Meyers Report: Economic Notes

Commercial Real Estate Lending Lending rates continue to climb. Since April 29th, rates for multi-family lending continue to rise. HUD 223(f) and 221(d)4, now at 4.29% and 4.94%, respectively, are both up by 0.86%-age points Fannie Mae loans have risen even more, generally rising between 1.07%-age and 1.42%-age points. There appears to be little pressure […]

The Meyers Report: Model for US Industrial Recovery

Some American companies have figured out how to compete successfully with foreign labor markets. Consider Otto Engineering in Carpentersville, IL. The company produces control systems for civilian and military aircraft, and they are better at it than China, Indonesia, Thailand and India. “The key is consistent quality and efficiency,” said Jack Roeser, founder of this […]

“I, Pencil” screening scratches free enterprise surface

The Heartland Institute and the Competitive Enterprise Institute (CEI) based in Washington, D.C. co-sponsored a movie showing of Leonard Reed’s classic essay, I, Pencil, on May 21, at the Union League Club of Chicago. The co-sponsorship by The Heartland Institute  and the CEI was a natural collaboration.  Both organizations celebrate and defend free enterprise based on the freedom to prosper if liberty […]

The Meyers Report: Economic Notes

Even though the stock market continues to rise, there are some signs that questions our economic growth. Freight Shipments Decline in April April freight shipment volumes were down by 3.3% from March of 2013, down 1.3% from April 2012 and down 1.2% from April 2011, according to the Cass Freight Index. Freight shipments are a […]