Chicago’s Clogged Foreclosure Process—and a Cusack Sells in Lincoln Park

In Chicago, Milwaukee, Detroit and Indianapolis, the rate of homes going into foreclosure is about the same. But according to a new study by analysts at the Federal Reserve Bank of Chicago, distressed homes here stay in foreclosure longer than they do in those other markets—which means they are likely to drag down our local housing market longer than the distressed homes in those other cities…

It's Hard Out There for the One Percent

The targets of Occupy Wall Street and Occupy Together lead difficult lives full of uncertainty, fear, and instability. (No, seriously, let me explain.) Further proof that the rich are like us, they just have more money.

Bucktown Shop Introduces New Brands to Chicago

Editor in Chief
Morgan Gutterman, a veteran of the retail and wholesale clothing industries, likes to think outside the box when it comes to her own wardrobe. “I’m edgier and more fashion forward than most,” she says. After struggling to find clothes by her favorite designers in Chicago stores, Gutterman decided to launch her own boutique, The Edit (1917 N. Damen Ave.; 773-252-3350, shoptheedit.com), which opened yesterday in Bucktown…

Chicago Ideas Week Mayors Panel: Rahm Off His Game, Bloomberg Impressive, Reed One to Watch

After last night’s Mayoral Evening at the Oriental Theatre, part of the first-ever Chicago Ideas Week, I took an instant poll of those sitting near me, asking which of the three mayors in attendance—New York’s Michael Bloomberg, Atlanta’s Kasim Reed, and our own Rahm Emanuel—was most impressive. The folks around me confirmed my opinion: Rahm was…