Day: January 25, 2015

Illinois emerging from denial; Chicago, other cities stuck in La La Land – WP Original

January 25, 2015 8 Comments

By: Mark Glennon*   It’s a lesson you learn fast doing insolvency work: The first step towards recovery is admission of  exactly how bad things are. It’s hard, as I learned doing that work as a lawyer. Emotions, outdated facts and ego get in the way. That’s why control of insolvent companies is usually taken away from those responsible and banks with bad loans usually take the initial loan officer off the account.   Illinois, at long last, may be accepting reality.   Help came last week from the Apocalypse Now report from the Institute of Government and Public Affairs

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Why does Chicago even have a park district? – Opinion – Crain’s

January 25, 2015 No Comments

“What’s the point of having a stand-alone parks agency if it’s not going to act independently of the mayor? If the Park District is going to operate like a city department, we could save taxpayers some money by simply abolishing it and letting the city run the parks directly.” via Why does Chicago even have a park district? – Joe Cahill Business Blog – Crain’s Chicago Business.

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Realtors: Illinois, Chicago home prices climbing

January 25, 2015 No Comments

Comment: Beware the Realtors’ numbers. The Case- Shiller has been much less positive, and it uses the right methodology by focusing on same-home price changes over time. http://rockrivertimes.com/2015/01/23/illinois-home-prices-climb-3-7-percent-in-december/

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