Illinois 3rd in Foreclosures Nationally

This is embarrassing: Foreclosures starts in Illinois are on par with those in other areas but the state’s court-supervised foreclosure system continues to bog down properties in the process. Almost 7.5 percent of all one-to-four-unit mortgage loans in Illinois...

Gov. Red Tape Kills Another Biz, Jobs

Last month when Mayor Rahm Emanuel announced his streamlining of city business licensing procedures, he chose Logan Square Kitchen as the location to herald this new day in better relations between the city and small businesses. And so it’s more than a little...

Stripping Chicago Spending, Bare Down

“What do a Chicago strip club and the President’s campaign fund have in common?” ANSWER:  BOTH were paid- with public funds- as “VENDORS” to the City of Chicago. _______________________________________ Yesterday, OpenTheBooks.com upgraded it’s transparency...

Wealthy Flee France (Shhh, don’t tell the U.S. Media)

For those that don’t know, France recently had an election and voted for the most socialist guy on the ballot.  The guy who’s promising to raise taxes on the rich and increase the transfer payments to the poor.  The result?  The rich are leaving…  in...

Layoffs on Wall Street?

After adding thousands bankers in the past two years, financial firms again appear to be on the verge of cutting that many positions and then some. Consultants and Wall Street recruiters say banks could eliminate nearly 21,000 jobs from their securities divisions in...