The neighborhood around Ford's South Side assembly plant was hit hard two years ago after the recession caused the plant to lay off 800 workers. Now, with the recent addition of 1200 jobs, the area is showing signs of recovery.
Economic indicators show that the nation is slowly recovering, calming fears of a "double dip" recession. Housing remains a problem, however, with sales of existing homes down.
Also in the news...
- The Sweet Home Chicago ordinance, which would allocate 20 percent of Tax Increment Financing funds to affordable housing, is back in joint committee after an intervention by Mayor Richard M. Daley halted the Chicago City Council vote last week.
- In the race for mayor, Gery Chico and state Sen. James Meeks have made education a top issue, while former U.S. Sen. Carol Moseley Braun has siezed upon the issue of crime. Rahm Emanuel has plowed ahead with his campaign, despite challenges to his eligibility.
- State lawmakers are returning to work this week for the fall veto session, in which they will decide on whether or not to commit Illinois to a $8.6 billion infrastructure project to build a "clean-coal" energy plant in Taylorville, Ill.
-Compiled by Louis McGill