Archive for November 2010

News Roundup: Chicago pensions could be insolvent

Chicago’s pensions are facing insolvency based on the city’s current and projected obligations, Chicago Tribune reported today. Firefighters, teachers, police officers and other city workers might find themselves in financial dire straits upon their retirement due to a draining of the system to meet short-term budget needs. Among the costly decisions made by city officials... Read more »

Economic status plays a large part in how patients respond to depression treatments

Ever seen this commercial? A lot of people identify with the symptoms–sadness, sleeplessness, hopelessness, inability to concentrate. But according to a new study released by the University of Illinois at Chicago, whether you respond to medications like zoloft or other depression treatments may have more to do with the state of your bank account than... Read more »

News Roundup: Seventeen million American children can't get balanced diet

Fifty million people, including 17 million children, don’t have access to a nutritious diet, according to a new report by the U.S. Department of Agriculture. Twelve percent of Illinois households were “food insecure” at least some time in the past three years, the report says. More at chicagoreporter.com Also in the news… Federal prosecutors are... Read more »
Advertisement:

Some Chicago homeowners worse off after loan modifications

Imagine your home is in foreclosure. For a lot of Chicagoans, it’s not hard to dream up. One in five homeowners in the metropolitan area are delinquent by at least one month on mortgage payment. Like so many, you don’t want to lose your home, and so you work with a counselor to get a... Read more »

News Roundup: Chicago's mayoral contenders officially climb into the ring

Congressman Danny Davis, Rev. James Meeks, former Chicago Board of Education President Gery Chico, and former White House Chief of Staff Rahm Emanuel lined up outside of the Chicago Board of Elections early this morning to officially kick off the municipal election season. They brought with them their nominating petitions and stacks of thousands of... Read more »

Consensus Shmonsensus: Meeks and Davis proclaim they should be mayor

Last week, on our weekly radio show, Chicago Reporter Editor Kimbriell Kelly asked a good question: will Chicago’s black and Latino communities ever unite to support a minority candidate for mayor? No way, replied one patron of Carter’s Barbershop in North Lawndale. The black community can’t even unite behind one candidate, so how are we... Read more »
Advertisement:

News Roundup: Austin CAPS cuts worry residents

Proposed reassignments of Chicago Alternative Policing Strategy (CAPS) officers have begun, and already some Austin residents are concerned. Community leaders are worried that communication will weaken between the police and residents. The region has the fourth highest level of crime in the city. More at chicagoreporter.com   Also in the news... The CHA has formed... Read more »

News Roundup: A third of Chicago homes have negative equity

Roughly 32.9 percent of homes in Chicago have negative equity, according to a report by realty website Zillow.com. Nationally, 23.2 percent of homes are “underwater,” meaning the owners owe more for their mortgage than what the home is actually worth. “All these people are trapped in their homes and can’t move onto another one and... Read more »

Modern-day homesteading: Taking back foreclosed homes

You’ve probably seen a foreclosed home or two in your neighborhood. Maybe you even have one on your street. Is it a nuisance? Boarded up, sitting vacant, attracting looters or squatters. What if you or your neighbors got fed up and decided to take the matter into your own hands? That’s just what mortgage broker... Read more »
Advertisement:

News Roundup: Daley's last budget sails through budget committee mostly unchanged

Mayor Daley’s last budget for Chicago made it out of the City Council’s Budget Committee mostly as it went in, with all of the controversial items intact, including a reliance on one-time revenue boosts and dipping into reserves to cover the shortfall. The only major change the committee made was an amendment that restored $3.5... Read more »