With 84 homicides, Los Angeles just recorded its lowest number of summer homicides since 1967. Overall, numbers are down this year compared to last year - which saw the fewest homicides in the city in 40 years. Made infamous by Rodney King just over 15 years ago, the LAPD is rising to the task of stemming violent crime. read more »
New home sales went down by a whopping 73 percent in the Windy City during the first six months of this year. But developers, anticipating high demand - especially for the condo market - have committed to keep building them. From the article in Crain's Chicago:
"Developers are building at a record pace, with 9,528 units scheduled to be finished by the end of next year, Appraisal Research says. Nearly 33% of those remain unsold, a high percentage but slightly better than the first quarter's 35%."
The Chicago Tribune reported recently on the state of the finance industry in the Chicago area. Reports indicate smaller, more nimble finance companies in Chicago are tapping an exodus of traders, bankers and investment managers: read more »
With 36 Chicago Public School children murdered in the last 12 months, the Chicago Sun-Times reports that getting shot has become the number one fear of children in the city's violent neighborhoods.
The fear seems most pervasive among fifth to eighth graders.
Mayor Daley said this week that the economy in Chicago is the worst that he's seen since becoming mayor.
You'd never guess this judging by the article about "demographic inversion" published in the New Republic by Alan Ehrenhalt . The author prints a lot of anecdotal evidence about on-going gentrification he witnesses in his hometown but unfortunately offers precious few statistics about job growth. read more »
Invoking Studs Terkel, Oprah Winfrey, and Barry Goldwater, Tristam Hunt of the Times Online suggests that Obama needs to trade in Chicago's "progressive European tradition" for the "Wild West, libertarian ethos" of Phoenix. What he's really suggesting is that Obama needs to nail down the sprawling periphery to win it: read more »
When most of us think "social networking" the first thing that comes to mind are personal sites like Facebook or LinkedIn. Recognizing the power of personal connection, Muckety.com is a news site that works in a fantastic interactive social network map connecting muckety-mucks in each news story. read more »