Democratic Speaker Michael Madigan has many advantages as he tries to extend his nearly uninterrupted three-decade control of the Illinois House. His Democrats have more campaign money. His party has home-state President Barack Obama to drive the vote. Perhaps most...
Finance
Dem Governors Force Ins. Premiums Higher
Tens of thousands of homeowners who suffered wind and storm damage this week will get financial relief from rulings by several governors that insurers must treat Sandy as a tropical storm and not a hurricane. ... “Whether they call it a hurricane or something else,...
The Coming Bond Bubble (Is Going to be Huge)
Europe is on the ropes as investors shun peripheral euro-area government debt. In the United States, interest rates are fixed at zero, and government bonds are arguably already quite far along in an epic 30-years-and-running bull market. Given the state of global debt...
Obama a Real Contributor to Subprime Loan Failures
President Barack Obama was a pioneering contributor to the national subprime real estate bubble, and roughly half of the 186 African-American clients in his landmark 1995 mortgage discrimination lawsuit against Citibank have since gone bankrupt or received foreclosure...