Gongol.com Archives: June 2017
June 27, 2017
Chicago Public Schools to pay $70,000 a day in loan interest
That's just a short-term loan while the district apparently hopes to get a bailout from the state government. Illinois and Chicago (in particular) are at the forefront of one of the biggest unrecognized risks to the US economy: State and local governments with obligations that will be impossible (or extraordinarily difficult) to meet without dramatic changes to spending, taxes, and future promises.
Federal Reserve chair Yellen says bank capital positions have improved
Whether that means the Fed will be enthusiastic about lesser capital requirements is a matter to be watched carefully. She suggested low concern that another banking crisis would re-occur anytime soon.
CBO forecasts large numbers of people to lose insurance under proposed health care reforms
The ACA set the ball rolling in an unsustainable direction, and things could in fact get worse
Major construction ahead for I-80/I-380 interchange
The Iowa DOT plans a dramatic reconstruction of what is presently a wildly over-congested interchange
