Larry gets a job at the Chicago Chronicle as a reporter and brings Balki to find a job. Mr. Burns, the city editor, hires Balki in the mail room, but Mr. Gorpley, the mail room boss, doesn't want him there and tries everything to fire him.
Balki buys one share of stock in a cereal company and discovers that there aren't the advertised number of raisins in a box. Knowing that the company is cheating the public, he decides to go to head office to complain.
When a famous psychic visits the Chronicle, she goes into a trance and makes an elaborate prediction ending in Larry's death. Larry thinks that it is just superstition—until the first part comes to pass.
When Balki accidently delivers Larry's joke article to the publisher, the two break into the publisher's office late at night to retrieve it. Meanwhile, an employee of the Chicago Chronicle gets on the ledge of that building in an attempt to commit suicide.
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