Cook County Board President Toni Preckwinkle swiftly apologized yesterday for remarks made at the University of Illinois that Ronald
Reagan deserved a "special place in hell" for exacerbating the war on
A San Francisco-based firm spent the morning trying to sell the Chicago
City Council on the idea that they can use eminent domain to seize
properties in danger of falling into foreclosure. The firm argued that the use of eminent domain, which occurs when government acquires private property in the name of the greater good, could lead to the public benefit of fewer foreclosures. Representatives from Mortgage Resolution Partners LLC had the ear of Ald. Ed Burke (14th), chairman of the City Council Finance Committee, and the backing of Ald. Ray Suarez (31st), head of the Housing and Real Estate Committee.
But the effort was perhaps futile as Chicago Mayor Rahm Emanuel indicated at a press conference today that he opposes the plan.
According to the Chicago Tribune, Emanuel said that he did not think eminent domain was the “right instrument” to combat foreclosures.
Today teachers at 243 Chicago Public Schools returned to their job
without a contract, and with the possibility that they could stage a
Chicago Mayor Rahm Emanuel put a happy face
on for the first day of school for about one-third of CPS students and
teachers, noting the interim longer school day agreement reached between
CPS and the Chicago Teachers Union. “It’s a new year for students
across Chicago, because now they have a full day and full year of school
that matches up to their full potential,” Emanuel said in a statement.
Wendy Katten, co-founder of the Raise Your Hands coalition of CPS
parents, notes that it is impossible for parents to know if their
students will continue to attend school as CPS and CTU continue closed door negotiations. “Parents are confused,” Katten says.
Housing advocates in Chicago and across the country have begun to
channel their frustration with the sprawling foreclosure crisis toward
one man: Ed DeMarco (pictured), acting director of the Federal Housing Finance
The National Community Reinvestment Coalition (NCRC), which includes several Chicago groups, fired off a letter
yesterday to President Barack Obama demanding that he make a
recess appointment for a new FHFA director. Meanwhile, the Chicago area
foreclosure rate is on the rise.
The Obama administration issues guidelines tomorrow for a plan that will allow up to 1.4 million undocumented immigrants in America to live in the
U.S. without fear of deportation for two years.
When announced by President Barack Obama in June, the policy was hailed
as a major breakthrough by immigrant rights advocates. There are
questions, though, about implementation and whether the program will
lead to further pro-immigrant initiatives.
But U.S. Rep. Luis
Gutierrez (D-Chicago), a national leader on immigration issues and a past Obama critic on the topic, spoke confidently today about the implementation, stating that DHS “is going to be
ready” August 15, the day the policy kicks off.
Chicago Mayor Rahm Emanuel gave his initial budget forecast for next
year, and the mayor touts that the city faces a $369 million budget gap,
or about half of last year's projected $741 million budget deficit.