The sudden rise in property taxes in Chicago’s south suburbs is due in part to commercial disinvestment and a shrinking tax base, experts say.
Restaurants near the DNC taking place in downtown Chicago were hoping for a shot in the arm from the event, but some are discouraged.
Chicago has one of the highest unemployment rates of any major U.S. city.
There is growing confidence that the Fed can pull off lowering inflation without a recession, said Chicago Fed CEO Austan Goolsbee.
The intensity of a coming economic slowdown will depend on how much banks tighten credit conditions, says Austan Goolsbee.
Walmart says that, collectively, its Chicago stores aren’t profitable. But academics point out they’ll still leave a hole when they’re gone.
Brentin Mock of Bloomberg CityLab says Candyman represents what bad, racist housing policy created and what gentrification tries to erase.
Most tax credits from a program encouraging developers to build or renovate affordable units went to majority-Black neighborhoods.
Family members of one Black 32-year-old woman who died say they are concerned about the lack of communication from the hospital before her death.
Lightfoot wants to “unwind” Chicago’s “addiction to fines and fees” so as to not drive people into bankruptcy and out of the economy.
