News, analysis and personal reflections on the markets & the financial sector

Monday, November 30, 2009

Unsafe roads annually cost $34 billion to Russia – World Bank

WASHINGTON, November 29 (Itar-Tass) -- Unsafe road traffic conditions in the countries of Europe and Central Asia have tremendous adverse implications for their economic and social well-being, the World Bank said.

“Road traffic injuries are already among the top ten causes of death and disability in Europe and Central Asia and the trend is worsening,” said Abdo Yazbeck, World Bank Health Sector Manager for the Europe and Central Asia. “Human impact of traffic crashes is enormous. Families are being driven into poverty because of the death of their breadwinner or the mounting costs of medical care and rehabilitation for accident victims. But the growing magnitude of the problem is also bringing a national dimension to it, contributing to the demographic crisis and imposing additional burdens on country economies which lose billions of dollars every year as a result of traffic injuries and fatalities”.

In Europe and Central Asia, the highest estimated annual costs to governments are in the large economies that also have sizeable populations: Russia ($34 billion per year), Turkey ($14 billion), Poland ($10 billion), and Ukraine ($5 billion). A combination of weak road safety management capacity, deteriorated roads, unsafe vehicles, poor driver behavior, and patchy enforcement of road safety laws, alongside exponential growth in the number of vehicles, are the key factors contributing to road traffic injuries and fatalities multiplying at a rapid pace, the World Bank said.

Chicago's Largest Minority-Owned Firms

ranked by 2008 revenue
Firm
Address
Phone/fax/Web addressTop executive% change from 2007
Minority group of ownership
Year Founded
2008 local employees
2008 total worldwide employees
Description of business
1MAT Holdings Inc.
6700 Wildlife Way, Long Grove 60047
(847) 821-9630; www.midwest-air.com
Steve W. Wang, CEO
$486.0
6.8%
Asian
2007
155
988
Manufacturer of automotive parts, power equipment, fencing and lawn and garden products
2Harpo Inc.
110 N. Carpenter St., Chicago 60607
(312) 633-1000;www.oprah.com
Oprah G. Winfrey, Chairman
$340.0
-1.4%
Black
1986
453
477
Television, film production; publishing, new media
3Johnson Publishing Co.
820 S. Michigan Ave., Chicago 60605
(312) 322-9200;www.johnsonpublishing.com
Linda Johnson Rice, Chairman, CEO
$328.0
-27.6%
Black
1942
156
340
Publishing, television production, entertainment, cosmetics, consumer products
4Flying Food Group LLC
212 N. Sangamon St., Suite 1A, Chicago 60607
(312) 243-2122;www.flyingfood.com
Sue Ling Gin, Chairman, CEO
$321.0
7.7%
Asian
1983
454
3,311
Airline catering; prepared meals
5Veluchamy Enterprises Inc.
1213 Butterfield Road, Downers Grove 60515
(708) 449-2800;www.veluchamy.com
Pethinaidu Veluchamy, Chairman, CEO
$300.0
-7.7%
Asian
1974
1,500
3,000
Direct marketing, banking, real estate
6Raja Foods LLC
8110 N. St. Louis Ave., Skokie 60076
(847) 675-4455;www.rajafoods.com
Rakesh Patel, President
$188.0(1)
4.4%
Asian
1974
100
450
Chain of 37 Indian groceries; importer of Indian food
7Gas Depot Inc.(2)
8700 N. Waukeegan Road, Suite 200, Morton Grove 60053
(847) 581-0303;www.gasdepot.com
George Nediyakalayil, President
$165.9
17.0%
Asian
1999
16
17
Wholesale distributor of petroleum products
8Baldwin Richardson Foods Co.
20201 S. La Grange Road, Suite 200, Frankfort 60423
(815) 464-9994;www.brfoods.com
Eric G. Johnson, President, CEO
$140.0
13.8%
Black
1997
9
218
Manufacturer of sauces, condiments, toppings, syrups and fruit and specialty fillings
9Advantage Auto Group
9510 W. Joliet Road, Hodgkins 60525
(877) 286-2809;www.advantagechev.com
Desmond Roberts, President
$100.0(1)
-33.9%
Black
1999
150(1)
150(1)
Auto dealership
10Sayers 40 Inc.
1150 Feehanville Drive, Mount Prospect 60056
(847) 391-4040;www.sayers.com
Gale E. Sayers, President, CEO
$92.0
-11.5%
Black
2003
35
51
Information technology products and services
11Evans Food Group Ltd.
4118 S. Halsted St., Chicago 60609
(773) 254-7400;www.evansfood.com
Alejandro Silva, CEO
$81.6(3)
2.0%
Hispanic
1947
100(3)
400(3)
Snack food manufacturer
12FSH Communications LLC
100 W. Monroe St., Suite 2101, Chicago 60603
(312) 269-9937;www.fshcommunications.com
Donald V. Goens, President, CEO
$75.0(1)
5.5%
Black
2003
8(1)
180(1)
Provider of payphone and prepaid card telecommunication services
12Sutton Ford Inc.
21315 Central Ave., Matteson 60443
(708) 720-8000;www.suttonford.com
Nathaniel K. Sutton, President
$75.0(1)
-10.7%
Black
1989
80(1)
80(1)
Auto dealership
14Azteca Foods Inc.
5005 S. Nagle Ave., Chicago 60638
(708) 563-6600;www.aztecafoods.com
Arthur R. Velasquez, Chairman
$60.0
13.2%
Hispanic
1970
150
210
Food manufacturer
15Tyson Motor Corp.
1 SW Frontage Road, Shorewood 60404
(815) 741-5530;www.tysonmotor.com
Anthony H. Blake, President
$57.8
3.2%
Hispanic
1986
64
64
Auto dealerships
16Capsonic Group LLC
495 Renner Drive, Elgin 60123
(847) 429-0710;www.capsonic.com
Gregory G. Liautaud, CEO
$57.0(1)
-17.4%
Black
1968
200(1)
500(1)
Manufacturer of plastic products and electro-mechanical switches
17Ariel Investments LLC
200 E. Randolph St., Suite 2900, Chicago 60601
(312) 726-0140;www.arielinvestments.com
John W. Rogers Jr., Chairman, CEO
$54.0
-40.9%
Black
1983
74
74
Investment adviser
18Loop Capital Markets LLC
200 W. Jackson Blvd., 16th floor, Chicago 60606
(312) 913-4900;www.loopcapital.com
James Reynolds, Chairman, CEO
$50.0
30.5%
Black
1997
64
100
Global investment bank and brokerage firm
19Environmental Systems Design Inc.
175 W. Jackson Blvd., Suite 1400, Chicago 60604
(312) 372-1200;www.esdesign.com
Raj P. Gupta, President
$42.0
6.3%
Asian
1967
240
240
Engineering design
20Verinon Technology Solutions Ltd.
3395 N. Arlington Heights Road, Arlington Heights 60004
(847) 577-5256;www.verinon.com
Tewabe Ayenew, President, CEO
$38.4
40.2%
Black
2002
325
800
Information technology consulting
21Quinnox Inc.
2056 Westings Ave.,, Suite 190, Naperville 60563
(630) 548-4800;www.quinnox.com
Anil Kumar, Chairman, CEO
$36.7
-9.7%
Asian
2002
28
1,004
Information technology consultant
22Blackwell Consulting Services Inc.
100 S. Wacker Drive, Suite 800, Chicago 60606
(312) 553-0730;www.bcsinc.com
Robert D Blackwell, Chairman, CEO
$33.1
0.5%
Black
1992
103
211
Management and information technology consulting
23Cardenas Marketing Network Inc.
1459 W. Hubbard, Chicago 60622
(312) 492-6424;www.cmnevents.com
Henry Cardenas, CEO
$30.0
-17.2%
Hispanic
2003
30
30
Multicultural event marketing and sponsorship agency
23Electronic Knowledge Interchange Co.
33 W. Monroe St., 17th floor, Chicago 60603
(312) 236-0903; www.eki-consulting.com
Robert Blackwell Jr.
Diego Ferrer, Co-CEOs
$30.0(1)
-3.2%
Black
1996
90(1)
90(1)
Information technology consulting
23Midwestern Cash & Carry Groceries LLC(4)
2577 W. Armitage Ave., Chicago 60647
(773) 486-5403; NA
Mubbasher A. Khan, CEO
$30.0
0.1%
Asian
2008
25
25
Wholesale grocer, cigarette distributor, restaurant supplier
(1) Crain's estimate.