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ProfNet Expert Alerts for August 20, 2021

ProfNet Expert Alerts for August 20, 2021
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Chicago-Based Clayco Named Among Fast Company s 2021 Best Workplaces for Innovators

Chicago-Based Clayco Named Among Fast Company s 2021 Best Workplaces for Innovators
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Downtown Chicago firms welcome workers back — carefully

With offices designed for more space and infection control, employers are looking at flexible schedules in the weeks ahead.

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Calamos CEO John Koudounis: Capital Gains Tax Fuels Economic Uncertainty

Calamos CEO John Koudounis: “Capital Gains Tax Fuels Economic Uncertainty” ” width=”809″>John Koudounis, the CEO of Calamos Investments, says that Present Biden’s recent announcement of a 43% capital gains tax is fueling fiscal uncertainty. Credit: Facebook/Calamos Calamos investment’s CEO John Koudounis appeared on Fox Business with Maria Bartiromo recently discussing the drawbacks of President Biden’s announcement to hike the capital gains tax up to 43.4% from its current level of 20%. Asked what kind of an impact that will have on the economy overall, Koudounis was blunt. “I agree with (JP Morgan CEO) Jamie Dimon that this whole fiscal policy uncertainty, which includes the potential for tax increases, and more regulations, is fueling this volatility.

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This Week s Chicago Deal Sheet (May 5, 2021)

Delinquent rent in Chicago could now exceed $1B, according to a survey released last week by the Neighborhood Building Owners Alliance, a group of small and midsized Chicago landlords. The high level of delinquency brought about by the coronavirus pandemic is leading to neighborhood disinvestment. With their revenue plunging to historic lows, 65% of landlords surveyed said they expect to make fewer capital improvements. In addition, nearly half expect to cut down on repairs and maintenance. “With so much delinquent rent, many housing providers lack the funds to continue to maintain their properties,” NBOA President Michael Glasser said in a press release.

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