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A report released Wednesday by the Urban Institute — a Washington, D.C.-based think tank — examines the types of investments in Chicago during the time period of 2010 to 2020. The report found that the more Black residents who lived in a neighborhood, the less investment the area saw compared with neighborhoods with a larger population of white residents.
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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black residents, not Black residents. Or refer to caucasians as White residents.
Does “less investment” in single-family homes means there were less white people willing to buy a SFH in the South/West sides or less people overall. Because if there were “more investment”, people would start complaining about gentrification.
You got that right … gentrification complaints if whites invest or move in; disinvestment if they don’t.
Can’t have it both ways, stupid chickens.
It’s called law and order.
Letting police do their job.
Learning the difference between right and wrong.
Abiding by the 10 Commandments.
Why doesn’t the report dig into the nitty gritty of the situation. Kind of like how a representative beats their chest when they submit a gun control law for the law abiding, but won’t touch the problem of hoodlums with guns running freely.
I pressed CTRL+F on my keyboarding and searched for the word “crime”. The word crime was not found anywhere in the article. After failing to locate the word crime, I declined to read the rest of the article. I do not participate in a fantasy world of make-believe where a lack of ‘lending’ is responsible the ills of a community.
Let’s take it one step further. Crime comes from societal break down which comes from economic stagnation or simply put, lack of jobs. My entire life I’ve watched this debate among politicians left and right about the plight of our inner cities and not once, ever, by anyone has the idea of reindustrialization come up. Until Trump. And they ran him out on a rail. It’s like the one thing we simply are not allowed to discuss. Why?
Globalization is why. There’s very little desire for manufacturing outside of high tech. But unfortunately social/cultural issues today drive the public debate. Culture war issues like abortion, DIE, CRT, gun laws, etc. have more effect on my every day life than larger policy issues like reindustrialization. So harpies run to the ballot box to make sure women can murder their children in the womb, and conservatives vote in other states to make sure open carry is a constitutional amendment. Nobody goes to the polls for tax policy to encourage development of old factories in blighted neighborhoods. So there’s just no… Read more »
Well stated, thank you, Debtsor!