Green has proposed a publicly-owned bank, called “Bank of Chicago,” that would provide loans for developments, housing and small businesses to provide, “an alternative to predatory lenders.” “This is a city’s bank for the people, by the people and invested back into the people.” Gre...
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Kimbriell Kelly and Alden Loury won the Chicago Headline Club’s Peter Lisagor Award for business reporting in a trade or specialty magazine, newspaper or newsletter for “High Price of Homeownership,” an examination of wide racial disparities in high-cost mortgage lending. Kimbriell Kelly, Jeff...
–Returns on homeownership: -16% –College graduation rates: -1% –Returns on college graduation: -10% –Incomes: -11% –Returns on income [nil] Note that equalizing incomes today won’t necessarily have an impact on the wealth that Black families will be able to pass on to future generat...