Financial Markets
To see divide between rich schools and poor, look to Waukegan and Stevenson
Consider Waukegan and Stevenson, two Illinois school districts separated by 20 miles — and an enormous financial gulf.
Stevenson, mostly white, is flush with resources. The high school has five different spaces for theater performances, two gyms, an Olympic-size pool and an espresso bar.
Meanwhile Waukegan, with its mostly minority student body, is struggling. At one school, the band is forced to practice in a hallway, and as many as 28 students share a single computer.
Last year, Stevenson spent close to $18,800 per student. Waukegan's expenditure? About $12,600.
And the gap has only been getting wider — here in the suburbs north of Chicago, and in many places...
Related "Financial Markets" Articles
To see divide between rich schools and poor, look to Waukegan and Stevenson
Consider Waukegan and Stevenson, two Illinois school districts separated by 20 miles — and an enormous financial gulf.Stevenson, mostly white, is flush with resources. The high school has five different spaces for theater performances, two gyms, an...
Stocks whipsawed by rising bond yields
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Former Fed Chairman Bernanke named Citadel adviser
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U.S. agency wants brokers held to higher standards
In September 2008, as the financial crisis emerged, a retirement account of Al and Karin Betz slumped in value to $130,000 from about $160,000.
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How is the world more in hock than before the Great Recession?
"It was 1943 and the Nazis were deporting Greece's Jews to death camps in Poland. Hitler's genocidal accountants forced the Jews to pay their train fare. The bill for 58,585 Jews sent to Auschwitz and other camps exceeded 2 million Reichsmark — over $27...
Few bargains to be found in foreign funds
It seems so obvious.Smart investing means looking for bargains and buying the type of stocks and stock funds that are cheaper than others. On that basis, you might assume that buying a foreign fund now would be just the bargain you should seek.But hold...
Candidate Furstenau part of team on DuPage Water Commission To Make Final Payment on Debt and Increase Savings to Naperville Residents
March 19, 2015
Naperville, IL - Richard Furstenau and Members of the DuPage Water Commission authorized the final payment on $70 million in short-term loans borrowed during a financial crisis revealed in 2009. The final payment of $7 million was made...
Taking ax to the 'Lizzie Borden defense' on pensions
Deep into the argument about the pension overhaul law before the Illinois Supreme Court on Wednesday afternoon in Springfield, Aaron Maduff, attorney for the State Universities Annuitants Association, played the "Lizzie Borden" card.
Maduff was one of...
Suburbs withdraw from municipal investment pool after loss
An unexpected loss in a conservative, $2 billion municipal investment pool has led dozens of suburban villages, schools and libraries to take their tax dollars elsewhere.
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OCC Adds New Leaders to Enhance Business and Product Development and Communications
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Rep. Sandack Responds to Gov. Rauner’s Budget Address
In response to Governor Bruce Rauner's Budget Address on Wednesday, State Representative Ron Sandack has issued the following statement:
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State spending review might delay park improvement project in Elmhurst
A habit the Elmhurst Park District has of updating an aging playground in one of its parks every year might have to be modified if a $400,000 state grant doesn't come through.
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State money for local park projects remains in limbo, awaits Rauner review
On Jan. 3, in the twilight of his term, then-Gov. Pat Quinn announced that $26 million in state grants would be awarded to 75 local park projects across the state.
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Nostalgia, but little outcry, over CME decision to close futures pits
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Neal Gerber Eisenberg Adds Securities Veteran David DeMuro
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Tootsie Roll CEO Melvin Gordon dies at 95
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Quinn's action will cause financial crisis
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Harper to host free Economic Update and Outlook Breakfast
Harper College will offer a free public economics lesson aimed at deciphering the economy and the financial market for 2015.
The Economic Update and Outlook Breakfast, led by Jack Ablin, executive vice president and chief investment officer at BMO...