Five Chicago Suburbs Headed for Bankruptcy (More Illinois Cities Will Follow)
Five Chicago Suburbs Headed for Bankruptcy (More Illinois Cities Will Follow)

Illinois House Bill 298 would allow Illinois municipalities to file for Chapter 9 bankruptcy. That bill is endorsed by Governor Bruce Rauner...

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Fannie Mae: Mortgage Serious Delinquency rate declined in April, Lowest since September 2008
Fannie Mae: Mortgage Serious Delinquency rate declined in April, Lowest since September 2008

Fannie Mae reported today that the Single-Family Serious Delinquency rate declined in April to 1.73...

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Western women stoke Islamic State fires
Western women stoke Islamic State fires

  Luxury and revolution ... female Isis supporters wearing niqabs pose with rifles and an expensiv...

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Business Executives are NOT experts in Economics
Business Executives are NOT experts in Economics

Excuse this pet peeve, but for some reason, when a business executive is interviewed on CNBC (and elsewhere), they are asked about economics...

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Chicago PMI Unexpectedly Crashes: New Orders, Production and Employment Down by More Than 10%
Chicago PMI Unexpectedly Crashes: New Orders, Production and Employment Down by More Than 10%

Unexpected Chicago PMI Crash Looking for signs of strength? You will not find them in today's ...

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First Quarter GDP -0.7%; GDPNow Second Quarter Forecast +0.8%; Economists Get Zero Accolades; Smoothed Recession Odds
First Quarter GDP -0.7%; GDPNow Second Quarter Forecast +0.8%; Economists Get Zero Accolades; Smoothed Recession Odds

First quarter GDP came in at -0.7% pretty much in line with the Bloomberg Consensus estimate of -0....

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Philly Fed: State Coincident Indexes increased in 40 states in April
Philly Fed: State Coincident Indexes increased in 40 states in April

From the Philly Fed : The Federal Reserve Bank of Philadelphia has released the coincident indexes ...

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Final May Consumer Sentiment at 90.7, Chicago PMI declines Sharply
Final May Consumer Sentiment at 90.7, Chicago PMI declines Sharply

Click on graph for larger image. The final University of Michigan consumer sentiment index for Ma...

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Q1 GDP Revised Down to -0.7% Annual Rate
Q1 GDP Revised Down to -0.7% Annual Rate

From the BEA: Gross Domestic Product: First Quarter 2015 (Second Estimate) Real gross domestic product -- the value of the production of go...

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Introducing the Zero Labor Factory (90% Free Actually); Robots at Chili's, Applebees, Panera
Introducing the Zero Labor Factory (90% Free Actually); Robots at Chili's, Applebees, Panera

In the strive for zero labor factories we are nearly there. Is 90% good enough? China Daily reports Manufacturing Hub Starts Work on First...

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Sydney Archbishops knew of sex abuse priest
Sydney Archbishops knew of sex abuse priest

Two Sydney archbishops knew of paedophile priest Gerald Ridsdale's "sexual problems"...

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Killer robots being developed by the US military "will leave humans utterly defenceless"
Killer robots being developed by the US military "will leave humans utterly defenceless"

  The robots are likely to be armed quadcopters or mini-tanks that can decided without human inte...

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Google, Facebook and other big internet companies to be under UK spy agencies' surveillance power
Google, Facebook and other big internet companies to be under UK spy agencies' surveillance power

Google, Facebook and other big internet companies will be forced to hand over encrypted conversat...

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 Fifa scandal: US Attorney General Loretta E. Lynch.took on football corruption
Fifa scandal: US Attorney General Loretta E. Lynch.took on football corruption

US probe into Fifa started after the 2022 football event went to Qatar. In November 2010...

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Friday: Ugly GDP, Chicago PMI, Consumer Sentiment
Friday: Ugly GDP, Chicago PMI, Consumer Sentiment

From Matthew Graham at Mortgage News Daily: Mortgage Rates Microscopically Lower Mortgage rates barely budged today. Those that budged move...

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Aloha: Film Review
Aloha: Film Review

Aloha: Film Review Cast: Bradley Cooper, Emma Stone, Rachel McAdams, Bill Murray, Alec Baldwin, Da...

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