Illinois

Chicago's Plight: Why Do Blacks Perpetually Vote For Politicians Who Make Their Lives Worse?

Chicago suffered through its worst summer of violence in decades. In August, over 400 people were shot and 80 killed. Activists and public unions blame income inequality. Income inequality is rising, but very few understand who is to blame. And the tax hikes and pay hikes that unions seek exacerbate the problems and cause white flight. Many claim education is the answer, but the Chicago public school system is not only financially bankrupt, it is morally bankrupt.

Never #NeverTrump - Not Voting Trump Is Republican Suicide

Trump is Obama’s nemesis, Hillary’s worst nightmare, and a vampire’s mirror of the Republican establishment. Before November’s election, his next outburst or reinvention will once again sorely embarrass his supporters, but perhaps not to the degree that Clinton’s erudite callousness should repel her own. It may be discomforting for some conservatives to vote for the Republican party’s duly nominated candidate, but as this Manichean two-person race ends, it is now becoming suicidal not to.

Key Events In The Coming Central Bank-Dominated Week

Central banks will take center stage this week, with the Boj and Fed within hours of each other, then also the RBNZ and Norges all delivering policy decisions. Of the four however, the BoJ will likely steal the spotlight, especially as we expect no changes in policy from the other three.

5 Core Economic 'Facts'

Scores of economic figures go screaming across our screens every day, many of them contradicting yesterday’s figures, and perhaps half of them based upon lies. On top of that, we have dozens of economic theorists arguing back and forth. In the end, it’s all too muddled for most of us to make out. We each have our guesses, but none of them are terribly certain. So, this week we’d like to point out the central economic facts of the moment, five fundamental conditions that we should all be clear on...

What "Obama Rebound"? Average Weekly Wages Declined In Most US Counties

Average weekly wages for the nation decreased to $1,043, a 0.5 percent decrease, during the year ending in the first quarter of 2016. Among the 344 largest counties, 167 had over-the-year decreases in average weekly wages. McLean, Illinois (part of the Bloomington metro area), had the largest percentage wage decrease among the largest U.S. counties (?13.3 percent).

Key Events In The Coming "Fed Blackout" Week

The spotlight turns to US data and Fed speakers ahead of the Fed blackout period this week. The BoE and SNB meet to decide policy but consensus expect no change from either. Elsewhere we get inflation data from the US, UK, Sweden & EZ (F), Q2 GDP from NZ & SW and labor market data from the UK & AU.

Election "Rigging" Tensions Rise With Questions On Reliability Of Paperless Voting Machines

With both presidential candidates accusing the other of efforts to "rig" the election, all that stands between our democracy and a "constitutional crisis" is some "paperless voting machines."  But don't worry, Democratic operative, James Carville, just assured MSNBC listeners that you can only "rig a voting machine to get a 100 votes here or a 100 votes there"...so no biggie.