Woodstock in the News
By Liz Farmer
Los Angeles restaurateur Jorge Rodriguez Assereto doesn’t need much sleep. He gets about five hours per night and the rest of his time is devoted to running Los Balcones, a successful Peruvian restaurant he opened in Hollywood in 2004 and recently shepherded through an expansion. The remodel was a major investment. Assereto spent more than $130,000 over two years just renting the vacant space next to him while he tried to find financing for his expansion. He even switched banks in an attempt to get a loan. It didn’t work.
By John Gamino
322 South Laflin is a brick, two-story apartment building with broken windows and an unlocked front door. It wouldn’t look inhabited save for a few bottles of shampoo visible in one of the windows of the upper floor. It completed foreclosure in June of last year, when, like most foreclosures, it was sold back to the mortgage lender, Selene Finance LP.
By Justin Lynch
On a fall morning in 2011, Daniel Biss, a State Senator in Illinois, was listening to a lobbyist give a self-aggrandizing presentation about his work in the State Capitol. But one “accomplishment” on this lobbyist’s list—killing an automatic IRA savings bill which would have automatically enrolled those without a retirement account—stood out.
By Teresa Puente
From an antique mall on the far North Side’s Edgewater to Mexican restaurants in the Lower West Side’s Pilsen and homes on the SouthSide’s Marquette Park, where the Rev. Martin Luther King Jr. once marched for housing justice, there are “Chuy” signs.
By Fred O. Williams
The nation's consumer financial protection cop unveiled new restrictions for payday loans and other forms of short-term credit, in a move to stop emergency loans from turning into debt traps
[WASHINGTON, D.C.] – U.S. Senator Dick Durbin (D-IL) led a group of 12 other Senators today in introducing a bill that will help address the student debt crisis by treating privately issued student loans in bankruptcy the same as other types of private unsecured debt.
By K.C. Hernandez
By Shawn Davis
RSI started running three foreclosure mediation programs in 2014, which means we’ve spent a lot of time over the last year thinking about how to make mediation services more accessible and increase program usage rates. Such issues can be a challenge and often require creativity, especially with limited resources. Here’s what we’ve learned:
By Patricia Hart
Earlier this week, Upshot’s David Leonhardt summarized new research by economist Stephen J. Rose that concluded: "Income inequality has not actually risen since the financial crisis began." Rose’s findings counter conventional wisdom that income inequality has widened in recent years, however, the findings do not consider the important role of wealth inequality. The Urban Institute released an interactive data visualization that helps present a more complete picture of the American economic reality.