Foreclosure filings in Illinois jumped 18 percent from July to August, and that means the housing market still has a long slog ahead. The latest numbers from RealtyTrac show banks are starting to move ahead with foreclosures again.
President Lyndon B. Johnson declared a war on poverty close to 50 years ago--news this week revealed that the fight is far from over. The U.S. Census Bureau released new and sobering numbers Tuesday: Nearly one in six Americans lived in poverty in 2010.
Consumers grew more cautious last month amid wild stock market swings, zero job growth and heightened concerns that the economy has weakened.Retail sales were flat in August. At the same time, wholesale inflation leveled off.
A lot can change over a decade; and not all of it necessarily good. When Dennis Rodkin wrote "The New Rules of Real Estate" for Chicago magazine back in 2000, the housing market was a hotbed of activity--but no longer.
All month, Changing Gears, the series which explores the evolving Midwest economy, looked at changes in manufacturing. Kate Davidson investigated a trend that has people punching out at night while the machines keep working.
The towering brick buildings that cluster around where Cermak Road crosses the Chicago River in Chicago’s Pilsen neighborhood, on the city’s near Southwest Side, once hosted everything from cloth manufacturers to food warehouses.There’s still an industrial feel in the area, with barges floating up a