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 --
On a year over year basis Chicago area single family home prices still rose at a healthy clip – 7.7% to be exact – but that’s way down from the peak of 13.1% back in June and almost at a 2 year low. But what is interesting is that home prices in the rest of the country, which rose at a much faster rate over the last couple of years, are now falling faster than the Chicago area. Consequently, Chicago now ranks 7th out of 20 metro areas in terms of annual appreciation.
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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.
This can’t be. How can prices of real estate keep going up in Chicago when we are told the city is too dangerous and no one wants to live there. Who’s buying all these properties when everyone is leaving in “droves”? Maybe all the renters decided to invest in Chicago and stop throwing money away on rent? No, that can’t be as rents in Chicago are also through the roof. It’s a conundrum alright. Oh man, this good news will no doubt upset the doom and gloom crowd. I remember one commenter in particular stating that Chicago real estate values… Read more »