The 2026 economy has promise

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Chicago Tribune Opinion

Monday, January 12, 2026

Good morning. Let's hope for a better week, at least in terms of everything but Chicago sports.

Today, the editorial board takes the temperature of the complex 2026 economy, just underway. It's no time for you to let your guard down, say we. See below for why.

We also look at the state of free speech at Harvard and an interesting new admission by that university's president about what has gone on in Harvard's classrooms.

Sunday, we wrote about something that should matter greatly to anyone who pays an electric bill: the pending impact on demand of the power-sucking data centers heading to Illinois. Since more demand for electricity generally means higher prices in our system, we argue that current electricity users should not be forced to see increases they do not deserve. Our great cartoonist Scott Stantis had some fun with that, too.

And the board we wrote again about last week's killing of a woman by an ICE official in Minneapolis. We argue that a recent call by local activists for an investigation into alleged police cooperation with ICE in Chicago is misguided and unhelpful. We think that had the police been there to keep order in the city to our north, Renee Nicole Good likely would still be alive. Don't blame our local police officers, we say, for the conduct of ICE and Border Patrol.

I want to point to a couple more great reads in our section today: Two doctors take a look at the lessons learned so far from marijuana legalization in Illinois and argue that the money flowing into state coffers is doing so with a heavy price. Speaking of heavy costs, LyLena D. Estabine writes that, notwithstanding their benefits for workers, unions cost Illinoisans plenty, and sometimes egregiously so.

Enjoy the start to your week.

— Chris Jones, editorial page editor

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Editorial: The 2026 economy has promise, but here's why you should not relax

Investors and policymakers should prepare for disappointments as well as thrills.

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Editorial: Harvard's president reminds academia it's 'not about the activism.' Good for him.

Harvard, the epitome of excellence in American higher education, has proved it can weather attacks from without. Now, it is weeding out pernicious problems within.

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Editorial: The data centers are coming. We must keep our electric bills from soaring.

ComEd let the public know last week that the power demand from new data centers indeed will be huge.

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Editorial: Don't blame Chicago cops for ICE and Border Patrol misconduct

Chicago police are in a unenviable position when it comes to ICE.

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Doctors: The Illinois windfall from legal marijuana has come at a price

Illinois realizes huge profits from both legal and illegal cannabis — at the cost of adverse health consequences for its users.

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LyLena D. Estabine: Unions make life pricey in Illinois' political machine

The cost of keeping union leaders happy grows each year in Illinois. And taxpayers shoulder the cost.

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Clarence Page: Guess who fears impeachment? A guy who's been through it twice.

President Donald Trump is showing concern about the possibility of an impeachment if the GOP loses the House in the midterms.

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Edward Keegan: Bruce Goff was not your typical architect

Providing context for the idiosyncratic work of architect Bruce Goff isn't easy. The Art Institute's latest exhibit tries.

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Kenneth Seeskin: AI can't do soul-searching. Here's why we need philosophy.

In the face of growing conformity, critical thinking skills are needed more than ever.

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Letters: A federal agent killed a woman in Minnesota. The reign of terror is a disgrace.

What happened in Minneapolis last week was an unacceptable tragedy.

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Scott Stantis

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