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PI Original
by Mose Buchele
1:21pm
Fri Apr 4, 2008

Unconscionable Acts: The Payday Loan Industry In Illinois

In 2005, Chicago resident Kimberly took out a payday loan to cover some bills. She says the process was easy, after signing a few forms she walked away with the cash. The lenders would simply withdraw her loan payments from her checking account. Little did she know she was ...
PI Original
by Adam Doster
12:22pm
Fri Apr 4, 2008

Dem State Rep. Challenging Illinois' Regressive Flat Income Tax

State Sen. Kirk Dillard, a Hinsdale Republican, called it "class warfare." Others have named it "the Robin Hood referendum." But Rep. Mike Smith (D-Canton) has offered a simple solution to the state's revenue problem: double the 3 percent state income ...
PI Original
by Josh Kalven
6:06pm
Wed Apr 2, 2008

Durbin's Bankruptcy Proposal Stripped From Housing Bill

For weeks now, the Senate has been attempting to craft a plan to address the housing crisis. One major point of contention has been Sen. Dick Durbin's proposal to aid homeowners facing foreclosure by allowing the terms of their mortgages to be revised in bankruptcy court. ...
PI Original
by Adam Doster
4:14pm
Tue Apr 1, 2008

McCain And Clinton Aides Tied To Subprime Crisis

Late last week, The Politico dropped a bomb on John McCain, reporting that the co-chairman of his presidential campaign, former Sen. Phil Gramm (R-TX), led the charge in 1999 to repeal a Depression-era banking regulation known as the Glass-Stegall Act. The act was intended ...
PI Original
by Adam Doster
2:02pm
Sat Mar 29, 2008

Urbanization Spreads To Dupage County

In my recent article on changing political dynamics in the collar counties, I highlighted a number of factors that are aiding Democrats at the ballot box, including demographic shifts, Republican missteps, and the transformation of the regional economy. But one factor I ...
PI Original
by Josh Kalven
12:57pm
Sat Mar 29, 2008

In Radio Address, Foster Makes Economic Argument Against War

In a Democratic radio address that aired nationally this morning, Rep. Bill Foster touched on a variety of issues. Most notably, he took a cue from Barack Obama and made an economic argument against continuing the Iraq war: Democrats have a plan to extend essential ...
PI Original
by Adam Doster
12:26pm
Fri Mar 21, 2008

Equity After The Bear Stearns Bailout

In a nice editorial published today, the State-Journal Record describes what's so frustrating about the Federal Reserve's bailout of Bear Stearns: No doubt the 2 million people now in or facing foreclosure would like a net to catch them, too. But for those folks, ...
PI Original
by Adam Doster
11:16am
Wed Mar 19, 2008

Obama's Populist Call

In the frenzy over Barack Obama's race speech yesterday (Did he disavow Rev. Wright? Was it too long? How will white independents react?) pundits and reporters alike generally ignored what I found to be the sharpest and most encouraging section of his address: Just ...

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