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Posts tagged "teachers"

News Roundup: Unemployment claims rise unexpectedly

As the economy continues to reel, claims for unemployment benefits increased by 20,000 last week to 457,000, according to the U.S. Department of Labor. Wall Street experts had predicted a smaller jump. More at chicagoreporter.com   Also in the news… CEO of Chicago Public Schools Ron Huberman confirmed that he plans to step down at... Read more »

News Roundup: New study shows gap in credit scores between black and white communities

The growing use of credit scores as a screening method for rental apartments, home loans and utilities could create a significant difference in economic opportunity for people with low credit scores due to both the lack of credit history and poor repayment history. This could negatively impact African Americans based on a new study from... Read more »

Activists say Bank of America uses law loopholes to discriminate in lending

Activists from the Chicago-based National People’s Action protested yesterday outside Bof ank of America headquarters. They want the bank to stop giving money to payday lenders, some of which prey upon low-income people who are unable to get loans elsewhere. The group  urged Bank of America to invest more in foreclosure prevention programs. National People’s... Read more »
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Are stimulus numbers accurate?

Controversy is brewing over federal statistics detailing the number of local jobs saved by the stimulus package. According to a recent analysis by the Chicago Tribune, some of the numbers just don’t add up. In particular:-    The feds reported that 473 teachers’ jobs were saved in North Chicago. The district only employs 290 teachers.-    The... Read more »