It shouldn’t have taken a PhD in economics to notice this – Wirepoints Quickpoint
May 17, 2024
59 Comments
What a representation of Chicago’s plight.
-- Connecting the dots between our economy, government and business --
It's a surprising case because apartments stand out as one the strongest property sectors in Chicago, with few visible signs of financial distress. Many office buildings, meanwhile, are struggling, especially along LaSalle Street, the longtime heart of the city's financial district. Amid its troubles, city officials and many developers are touting office-to-apartment conversions like the one at 29 S. LaSalle as the primary strategy to revive the storied street. SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER
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Twelve Illinois Congressmen vote against bill to give federal custody to non-citizen defendants charged or convicted with assaulting cops – Wirepoints Quickpoint
May 17, 2024
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The bill passed despite their votes in response to certain incidents where local prosecutors are thought to have been too lenient with non-citizens assaulting cops.
The Chicago Teachers Union Plays Hooky – Wirepoints in the Wall Street Journal*
May 17, 2024
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The Wall Street Journal Editorial Board cited Wirepoints’ analysis of Chicago student proficiency data in their latest piece condemning the Chicago Teachers Union’s outrageous contract demands…all while a vast majority of Chicago’s children graduate unable to read at grade level.
Gov. Pritzker is using the threat of budget cuts to get more tax hikes passed – Wirepoints joins Tom Miller of WJPF Carbondale
May 17, 2024
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Ted joined Tom Miller of WJPF to talk about the details of Gov. Pritzker’s proposed $52 billion budget, why the state is struggling now that federal covid dollars have run out, the controversy surrounding Tier 2 government pensions, why Illinois’ expensive education system fails to teach children to read, the outrageous demands of the Chicago Teachers Union, and more.
Public education staffing has ballooned over the years…yet kids still can’t read – Wirepoints on with Jeff Daly of WZUS Decatur Radio
May 17, 2024
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Ted joined Jeff Daly to discuss how politicians can never spend enough on education despite there being no accountability for that spending, the growth of education staffing across Illinois, Mayor Brandon Johnson’s $1 billion demand for Chicago schools, why Gov. Pritzker is providing $830 million in taxpayer subsidies to struggling EV carmaker Rivian, and more.
Where would these new apartment dwellers work and shop?
LaSalle street will be the new Cabrini Green as it becomes another low income housing created by Democrats
The CRE depression isn’t even in full focus yet, but when it comes clearer, it’s going to be epic, like 1929 levels of depression. We, like China, now have overleveraged ghost cities too…
Crime is the straw that breaks the camel’s back. The perception alone keeps people away. DC suffering from the same problems (and with the same politics).
As time goes by the problem is only going to get worse. The financial district is DEAD. The taxman chased big business out of state. No one likes to be gouged.
Not surprising at all. The Chitty is not safe at any speed, cops do not enforce laws. Taxes to landlords have gone up, up and away. Lots more foreclosures on the way. Business are leaving downtown in droves and so are honest working citizens.
Punts Gorda, Punta Gorda, Punta Gorda…… help me I’m stuck saying the same stupid things