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PI Original
by Josh Kalven
11:25am
Fri Jul 11, 2008

As Foreclosures Climb In Illinois, Federal Assistance Ambles Closer

While Illinois foreclosures were down in June as compared to May, they were still 42 percent higher than at the same point last year. Realty Trac Inc. found that one out of every 484 households in the Chicagoland area was foreclosed upon during June. Not surprisingly, home ...
PI Original
by Adam Doster
12:49pm
Wed Jul 9, 2008

Mortgage Crisis Nails Renters

We know foreclosures in Illinois have jumped 25 percent since the subprime housing market collapsed last year, affecting homeowners all across the state. But what about people who choose to rent? Are they insulated from the mortgage meltdown? Kelly Virella of The Chicago ...
PI Original
by Josh Kalven
3:29pm
Tue Jul 8, 2008

Durbin On McCain's Economic Plan: "It's Voodoo Two"

On MSNBC this afternoon, The New York Times' John Harwood noted that John McCain vowed yesterday to "balance the budget by the end of his first term," and asked Sen. Dick Durbin: "You don't believe him?" Durbin responded, "It's voodoo two," ...
PI Original
by Josh Kalven
12:40pm
Tue Jul 8, 2008

The Trib Hearts McCain's So-Called Economic "Plan"

Yesterday, John McCain came out and proposed to balance the federal budget by the end of his first term. Today, the Chicago Tribune editorial board lapped it up: Since winning the nomination, Obama reportedly has been moving toward the middle of the political ...
PI Original
by Josh Kalven
11:35am
Tue Jul 8, 2008

Obama Takes Aim At The 2005 Bankruptcy Bill

As mortgage and medical costs skyrocket, unemployment rises, and wages stagnate, it's not surprising that more families are falling into the debt trap. In 2007, personal bankruptcy filings in the United States jumped 40 percent and in the first six months of this year, ...
PI Original
by Josh Kalven
9:37am
Fri Jun 27, 2008

Folks Are Hurting

Last week, we debunked Rep. Mark Kirk's bogus argument for why he opposed the federal unemployment insurance benefit extension: that it would lead people to cash in after two weeks of work. Take a listen as he tells a Chicago radio audience: "I think that in this tough ...
PI Original
by Josh Kalven
5:39pm
Sat Jun 21, 2008

Chasing Losses: Gambling Proceeds Continue To Fall In Illinois

Back in April, Mose noted the contrast between Illinois -- where lawmakers continue efforts to expand gambling -- and numerous other states across the country that have retreated from gaming as a cure-all for their budget woes. Today, the Tribune reports on a new study ...
PI Original
by Adam Doster
9:29am
Fri Jun 20, 2008

Unemployment Rate Jumps In Illinois

Although the Prairie State has survived the severe economic downturns faced by other states in the region, the local economic landscape isn't too pretty these days. The Illinois Department of Employment Security reports the state's May jobless rate was 6.4 percent, up one ...
PI Original
by Adam Doster
10:49am
Tue Jun 17, 2008

Summer Youth Employment Hits Record Lows

As a young teenager, Jeone Thadison used to sneak out and shoot dice with local drug slingers to help his mother pay the bills. These days, the 19-year-old is playing it straight, having landed a job at a local Boys and Girls Club. But as Chicago Public Radio's Eilee Heikenen-...

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