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The Federal Housing Finance Agency has "significant concerns" about a controversial idea floated in Chicago and elsewhere to stabilize communities by seizing and restructuring the mortgages of homeowners who are current but underwater on their loans. The...
Tags: Fannie Mae, Freddie Mac, Homes, Mortgages, Real Estate
Mayor Rahm Emanuel said Tuesday that he does not support using eminent domain to seize underwater homes to refinance those mortgages at more affordable terms. He made the statement as Chicago aldermen attended a committee hearing to learn about the...
Tags: John Cusack, Fannie Mae, Freddie Mac, Mortgages, Chicago Mayor
Tribune reporterThe Chicago City Council overwhelmingly voted today to decriminalize small amounts of marijuana possession. Mayor Rahm Emanuel’s proposal passed 44-3, allowing Chicago police to issue pot-possession tickets starting Aug. 4. The move makes...
Clout StreetChicago voters will get to decide this fall whether they want the city to negotiate lower electricity rates on their behalf. The City Council today voted to put a referendum on the issue on the Nov. 6 ballot. If approved by voters, Mayor Rahm Emanuel&...
Clout StreetA plan to ask voters if they want the city to negotiate lower electricity rates on behalf of homeowners was endorsed Friday by the City Council Finance Committee, setting the stage for final approval Wednesday. The referendum question would go on the...
All it took for former state Rep. Robert Molaro to nearly double his public pension was spending one month as an aide to Ald. Ed Burke, the powerful chairman of the Chicago City Council's Finance Committee. Among Molaro's duties: Write a 19-page white...
Tribune reporterAld. Edward Burke stirred a conflict today with Native Americans, even as he sought reconciliation with descendants of the Potawatomi tribe members who fought the U.S. military and early area settlers in the Battle of Fort Dearborn. Joseph Podlasek,...
Tags: Michigan Avenue
WGN NEWSChicago aldermen were busy handing out recognition on Wednesday for the successful NATO summit. Councilman praised Mayor Emanuel, Police Supt. Garry McCarthy, Fire Commissioner Jose Santiago, and other officials for their handling of the summit. ...
Clout StreetAn influential Chicago alderman said today he's not yet ready to sign off on Mayor Rahm Emanuel's proposal to decriminalize the possession of small amounts of marijuana. Although Ald. Edward Burke, 14th, didn’t rule out backing the mayor’s...
Ald. Ed Burke is not too keen on the mayor's proposal to decriminalize possession of small amounts of marijuana, partly because because he is "very concerned with anything that gives kids the idea that this is not a bad thing to do." But Mayor Emanuel and...
Clout StreetMayor Rahm Emanuel today threw his support behind a plan to ask voters if the city should try to negotiate cheaper electric rates for residents and small retailers. The question seems likely to appear on the November ballot. Two of the City Council&...
Tags: Referenda, Chicago Mayor, Ameren Corporation, Voting, Politics
World NowAs the Syrian government and armed rebels run roughshod over an attempted peace plan, the European Union decided to step up pressure on the government of Bashar Assad -- by cutting off caviar. The European Council has banned its countries from exporting...
Aug 9, 2012 |Story| Chicago Tribune
Aug 14, 2012 |Story| Chicago Tribune
Jun 27, 2012 |Story| Chicago Tribune
Jun 27, 2012 |Story| Chicago Tribune
Jun 22, 2012 |Story| Chicago Tribune
Dec 16, 2011 |Story| Chicago Tribune
Jun 5, 2012 |Story| Chicago Tribune
Jun 6, 2012 |Story| WGNTV-LTV
Jun 18, 2012 |Story| Chicago Tribune
Jun 18, 2012 |Column| Chicago Tribune
Jun 20, 2012 |Story| Chicago Tribune
Jun 15, 2012 | Los Angeles Times
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