1 Daley’s out

Bill Daley abruptly dropped out of the governor’s race last night, a move that shocked the state’s political establishment. Aides say the son and brother of Chicago mayors and former White House chief of staff decided he just didn’t have it in him. [Sun-Times]

2 Quinn’s in

First the popular Attorney General Lisa Madigan dropped out. Now the well-heeled Bill Daley. Suddenly Gov. Pat Quinn has a clear path to a Democratic primary victory — and it likely won’t cost him a nickel of his campaign cash. [Sun-Times]

3 City downgraded — again

Standard & Poor’s lowered the city’s credit outlook to “negative,” citing the $19.4 billion pension crisis and historic reluctance to raise taxes. It’s the second major credit agency to issue a recent downgrade and it will increase borrowing costs. City Hall blames Springfield. [Sun-Times]

4 What you owe

The city’s unfunded pension liability and other debts leave the average Chicago household on the hook for about $83,000. It’s about $23,000 per individual. That’s according to a study by the Illinois Policy Institute. [Greg Hinz]

5 Navy Yard shooter’s troubled past

The veteran reservist who killed 12 in a shooting rampage at the Washington Navy Yard yesterday had a history of erratic, violent behavior — some of it involving guns. [NYT]

6 Tigerman roars

Stanley Tigerman, a lion of the Chicago architectural scene for more than 50 years, will receive the top honor from the local chapter of the American Institute of Architects next month. He leveled with Grid’s Meg Graham about the state of architecture today, his disdain for retirement and his intentions to keep challenging the status quo. [Grid]

7 Arena rocking the boat

City Hall’s plan to clear the way for a massive hotel in the South Loop, part of a grand development scheme anchored by a new DePaul basketball arena, hit a snag yesterday when a developer sued the city over the proposed hotel site. [Crain’s]

8 Eating on the job

Chicago architects order a lot of chow mein. Hedge fund jocks eat healthy. Those are among the findings from Seamless, which mined data on corporate food deliveries in the Chicago area to tell us what you’re ordering in. [Grid]

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