West Side

And The Most Violent Police Beat In Chicago Last Year Was…

Happy Monday everybody. For the first time in a looong time, the sun is actually out over this part of Chicagoland this morning.

I just got finished reading an insightful article on the Chicago Sun-Times website entitled “THE WATCHDOGS: The most violent police beat in Chicago.”

According to the newspaper, in 2016 that distinction went to Beat 1133 of the Chicago Police Department’s 11th District on the city’s West Side. Sam Charles reported Friday night:

Nowhere did the violence hit home the way it did in the Chicago Police Department’s Beat No. 1133, where Hosey, whose death remains unsolved, was killed.

Sixteen murders. Forty-five nonfatal shootings that left 55 people wounded. Three cops shot and wounded. And three people killed by the police.

That added up to more instances of gun violence in Beat 1133 in 2016 than in any other of the 303 beats the police department divides the city into, a Chicago Sun-Times analysis of police data has found.

The runners-up: Beat 1533 in Austin, with 12 murders and 44 nonfatal shootings; and Beat 1522, west of there and also in Austin, with 11 murders and 43 nonfatal shootings.

The area encompasses about one-half-square mile. It’s bounded by Jackson Boulevard, Roosevelt Road, Homan Avenue and Springfield Avenue…

(Editor’s note: Bold added for emphasis)

Regular observers of Chicago crime and those familiar with that part of the city probably aren’t too surprised at the Sun-Times’ findings.

According to the Chicago Police Department’s CLEARMAP (Citizen Law Enforcement Analysis and Reporting) Crime Summary web tool this morning, the 6th (Gresham), 7th (Englewood), 10th (Ogden), and 11th (Harrison) police districts had the most reported incidents of violent crime over the past 365 days.

The 11th District topped them all (2,407 incidents).

Head on over to the Chicago Sun-Times site here to read the entire piece.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Share

Tags: , , , , , , , , , , , , , , , , , , , , ,

Monday, January 30th, 2017 Crime, Public Safety, Self-Defense Comments Off on And The Most Violent Police Beat In Chicago Last Year Was…

Chicago’s 2016 Violence, ‘Fetal’ Policing Suggests Residents Focus On Personal Safety

Last Thursday, I wrote the following concerning some Chicago Tribune reader correspondence entitled “Letter: I’m leaving Chicago and I’m never coming back”:

I remain optimistic about the long-term prospects for the “Windy City.” That being said, I do believe conditions in the city will erode before improving again. For those dead set on remaining in town, please do yourself a favor and take a good, hard look at your financial and personal safety capabilities for successfully navigating any “storm” that may lie ahead. For example, how do your finances look with the real prospect of future tax hits down the road?

More later…

Later is today- as least as that bit about “personal safety capabilities” is concerned.

Regular readers of Survival And Prosperity know that the physical well-being of Chicagoans in the face of growing criminal threats has been a priority of this blog since its inception. A recent post on the popular Chicago police blog Second City Cop and a just-released report from the University of Chicago Crime Lab seem to justify such concern.

“SCC” posted the following on Second City Cop on December 29, which suggests the Chicago Police Department is becoming increasingly “fetal”:

[Chicago Police Superintendent Eddie Johnson] claims we’re “still policing” despite all evidence to the contrary:

-street stops down from 159,000 in 2015 to 21,000 in 2016
-property crime skyrocketing in formerly “quiet” areas
-arrest down tens of thousands
-a 20% homicide clearance rate

The list is near endless, and the price is paid in bodies…

(Editor’s note: Bold added for emphasis)

Yesterday, the University of Chicago Crime Lab released a report entitled Gun Violence In Chicago, 2016, which utilized data obtained from the Chicago Police Department and other sources “to provide a more complete picture of the change in our city’s crime problem in 2016.”

The “change” was disturbing. From the report’s “Introduction”:

Between 2015 and 2016, Chicago experienced 58 percent more homicides and 43 percent more non-fatal shootings. Annual increases of this size are not unprecedented among American cities, particularly in recent years, but are rare for a city of Chicago’s size. One striking feature of Chicago’s increase in gun violence is how sudden it was: as of December 2015, there was no indication that gun violence was on the verge of rising sharply. But in January 2016, homicides and shootings surged relative to their 2015 levels and remained higher in almost every month that followed, threatening 20 years of progress on violent crime in Chicago…

What changed in Chicago was not so much the nature of our violence problem, but rather its prevalence. Most murders involved guns, occurred in public places, and stemmed from what police believe was some sort of altercation. This violence continues to be very regressive in its impact, disproportionately affecting the city’s most disadvantaged residents. Most gun violence victims and suspects were African American men, more often than not having had some prior encounter with the criminal justice system.

Compared to other cities, a larger share of homicide suspects in Chicago consists of adolescents, although the majority of all homicide suspects are in their 20s or older. The increase in gun violence occurred disproportionately in several disadvantaged neighborhoods on the city’s South and West sides, which now account for an even larger share of the city’s homicides. Another change is that from 2015 to 2016, the share of homicides that CPD believes stemmed from an altercation, as well as the share of homicide offenders who were recorded by CPD as having a gang affiliation, seemed to decline

(Editor’s note: Bold added for emphasis)

“The share of homicide offenders who were recorded by CPD as having a gang affiliation, seemed to decline”

And here I was parnanoid about the tens of thousands of gang bangers infesting the city.

Further suggesting Chicagoans’ really need to look after their personal safety were these nuggets found within the report:

-“In 2016, 77 percent of gun homicides and shootings took place on the street or in an alley, up from 75 percent in 2015…”

-“Around 64 percent of homicides in 2016 were described by CPD as stemming from an altercation, down from 74 percent in 2015. Unless there was a change in how CPD recorded the circumstances of homicides from 2015 to 2016, this suggests that homicides stemming from other motivations increased more rapidly (by 121 percent) than did homicides stemming from an altercation (by 35 percent)…”

-“Individuals arrested for a homicide or shooting in Chicago in 2016 and 2015 had similar prior criminal records: around 90 percent had at least one prior arrest, approximately 50 percent had a prior arrest for a violent crime specifically, and almost 40 percent had a prior gun arrest. The average person arrested for a homicide or shooting in both years had nearly 12 prior arrests, with almost 45 percent having had more than 10 prior arrests, and almost 20 percent having had more than 20 prior arrests…”

-“The share of offenders with a current or prior gang affiliation, as noted by CPD, declined from 73 percent in 2015 to 67 percent in 2016, suggesting that individuals not affiliated with gangs may have been overrepresented among those driving the increase in violence…”

-“In 2016, Chicago police made 24 percent fewer arrests than in 2015, accelerating the steady downward trend in arrests the city has seen in recent years…”

-“Chicago police recorded over 80 percent fewer stops in January 2016 than they had in November 2015. This drop, from an average of over 50,000 stops per month in 2015 (through November) to approximately 10,000 stops per month starting in early 2016, began a few months before rates of gun violence in Chicago began to increase. What caused the decline is itself unclear. Several frequently-mentioned candidate explanations—the release of video footage showing the shooting by a CPD officer of teenager Laquan McDonald, announcement of a U.S. Department of Justice (DOJ) investigation of CPD, implementation of an agreement between the City and the American Civil Liberties Union (ACLU) concerning street stops, and a new state law regarding street stops—all happened essentially within a few weeks of each other in late 2015 and early 2016…”

More on Chicago and personal safety later. In the meantime, head on over to the University of Chicago Crime Lab website here to read their entire report (.pdf file). It’s enlightening, to say the least.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

SCC. “The War on Cops Continues.” Second City Cop. 29 Dec. 2016. (http://secondcitycop.blogspot.com/2016/12/the-war-on-cops-comtinues.html). 18 Jan. 2017.

Share

Tags: , , , , , , , , , , , , , , , , , , , , ,

Wednesday, January 18th, 2017 Crime, Government, Poverty, Preparedness, Public Safety, Self-Defense Comments Off on Chicago’s 2016 Violence, ‘Fetal’ Policing Suggests Residents Focus On Personal Safety

Chicago: November Murders Double From Last Year

November saw murders in Chicago double from last year. WGN-TV’s Nancy Loo reported this morning:

The latest number only add to an already deadly year. Likely, the worst in two decades. But the numbers for November alone are alarming. According to Chicago Police, there were 77 murders in November- nearly double from last year. And there was a total of 389 shooting victims- that’s 188 more than last November. The murder total for last month is actually more than that of 2014 and 2015 combined. Police say the current violence is fueled by gangs, largely within five police districts on the South and West sides…

(Editor’s note: Bold added for emphasis)


“Murders in Chicago more than doubled in November, police say”
WGN-TV Video

According to the Chicago Police Department’s CLEARMAP (Citizen Law Enforcement Analysis and Reporting) Crime Summary web tool this morning, the 6th (Gresham), 7th (Englewood), 8th (Chicago Lawn), 9th (Deering), 10th (Ogden), and 11th (Harrison) police districts had the most reported incidents of violent crime in the past 90 days.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Share

Tags: , , , , , , , , , ,

Thursday, December 1st, 2016 Crime, Public Safety, Self-Defense Comments Off on Chicago: November Murders Double From Last Year

Chicago Tallies 37 Shot, 5 Killed This Weekend Amid Police Crackdown

The Chicago Police Department reported at least 37 people were shot and 5 killed in Chicago this past weekend, despite a well-publicized crackdown by the CPD and other agencies. Elizabeth Matthews reported on the FOX 32 Chicago website last night:

Over the weekend, Chicago police teamed up with state and federal officials in an effort to crack down on an explosion of violence in the city.

The crackdown comes after an especially deadly October. Already this year, more than 680 people have been shot dead in Chicago.

Police targeted three areas: Auburn-Gresham, Lawndale and Austin. A Chicago Police spokesperson told FOX 32 Chicago that they had made multiple arrests, and had taken one of the city’s most dangerous offenders into custody on the West Side…

(Editor’s note: Bold added for emphasis)

Well, casualties keep mounting. Still, this initiative seems like one more step in the right direction. CBS 2 Chicago added over on their website earlier today:

Police said they made headway in the fight against gun violence with some important arrests…

The officers who made the arrest were part of the department’s “Strategic Anti-Violence Mission,” which began Friday night. The effort involved traffic stops, police serving arrest warrants, and officers visiting people they believe can leave the gang life if provided the proper resources

(Editor’s note: Bold added for emphasis)

Could it be the City of Chicago is actually acting on intelligence Chicago Police Department Superintendent Eddie Johnson reportedly has on about 1,400 individuals behind 85 percent of the gun-related violence?

It will be interesting to find out if this “Strategic Anti-Violence Mission” is just a one-off or something sustained.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Sources:

Matthews, Elizabeth. “CPD teams up with FBI, Cook County Sheriff and Illinois State Police to fight violence.” Fox 32 Chicago. 13 Nov. 2016. (http://www.fox32chicago.com/news/local/217319466-story). 14 Nov. 2016.

“Chicago Police Team Up With Feds To Target Violence Crime.” CBS 2 Chicago. 14 Nov. 2016. (http://chicago.cbslocal.com/2016/11/14/chicago-police-team-up-with-feds-to-target-violent-crime/). 14 Nov. 2016.

Share

Tags: , , , , , , , , , , ,

Monday, November 14th, 2016 Crime, Government, Public Safety, Self-Defense Comments Off on Chicago Tallies 37 Shot, 5 Killed This Weekend Amid Police Crackdown

Chicago’s 2016 Memorial Day Weekend: 7 Killed, 68 Wounded

Regular Survival And Prosperity readers may have noticed I haven’t blogged too much about Chicago recently. Reason being? I’ve grown tired of pointing out the obvious, which is the writing’s on the wall for the “Windy City,” and that scene is bound to get real ugly before conditions can improve. However, this afternoon I feel compelled to make an exception as “Beirut By The Lake” was seriously hopping over the long holiday weekend. The HeyJackass! (“Illustrating Chicago Values”) website breaks down the carnage under a section entitled “Memorial Day Weekend”:

This weekend marks the start of the annual Summer Stupidity & Shooting Season. Between now and Labor Day weekend, we’ll expect to see around 225 homicides and an additional 1,000 shot and wounded.
Final Stupidity Tally: 7 killed, 68 wounded
2015 weekend tally: 8 killed, 24 wounded
2014 weekend tally: 9 killed, 27 wounded

“7 killed, 68 wounded”

It should be noted that last weekend’s shootings weren’t confined to those areas of Chicago one might reasonably expect such violence to take place. Alexandra Chachkevitch, Joe Mahr, Peter Nickeas, and Grace Wong observed on the Chicago Tribune website this morning:

The rest of the weekend shootings were scattered across Chicago. They happened as far north as West Rogers Park and northwest as Jefferson Park and as far south as the West Pullman neighborhood. The violence centered on the West Side, though. Seven of the shooting incidents on the West Side had more than one victim…

Only a matter of time now before there’s renewed talk of bringing in the Illinois National Guard, U.S. Department of Homeland Security, or U.S. Army to patrol the streets of Chiraq.

And rounding up all the guns….

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

Chachkevitch, Alexandra , Mahr, Joe, Nickeas, Peter, and Wong, Grace. “Memorial Day weekend closes with 69 shot in Chicago, many of them on West Side.” Chicago Tribune. 31 May 2016. (http://www.chicagotribune.com/news/local/breaking/ct-chicago-shootings-memorial-day-20160530-story.html). 31 May 2016.

Share

Tags: , , , , , , , , , , , , , , , ,

Tuesday, May 31st, 2016 Crime, Debt Crisis, Firearms, Gun Rights, Military Comments Off on Chicago’s 2016 Memorial Day Weekend: 7 Killed, 68 Wounded

Afterthoughts: Chicago’s 2015 Mayoral Election

In case you hadn’t heard, Rahm Emanuel remains Mayor of Chicago after defeating Jesús “Chuy” García yesterday in a run-off election 55.7 percent to 44.3 percent with 98.7% of precincts reporting.

Here are some of my thoughts regarding the 2015 mayoral election in Chicago:

1. The fact that “Chuy,” a Cook County commissioner who was born in Durango, Mexico, forced Mayor Emanuel into a first-ever run-off election for the position signaled two things. One, a number of Chicago voters aren’t too happy with the way the “Rahmfather” is running the city. And two, Chicago’s Hispanics continue to flex their growing political muscle. Natasha Korecki reported on the Chicago Sun-Times website back on March 15:

According to census data from 2010, Hispanics make up just shy of 29 percent of the city’s population- but they account for only 13 to 15 percent of the electorate. (Garcia’s campaign says that number was at about 16 percent on Feb. 24.)

Should trends hold, I envision Latinos making significant gains with that percentage. Korecki added:

“The Hispanic population is the fastest-growing segment of the early-childhood population,” says Chicago City Clerk Susana Mendoza, an Emanuel supporter. “Latinos make up 47 percent of students in CPS,. It’s a very significant population…

Last December, the U.S. Census Bureau forecasted that Hispanics will comprise 25 percent of the U.S. population within the next 30 years- up from approximately 17 percent right now.

At risk of sounding like “Captain Obvious” here, I’m thinking Chicago’s future will be a much more Latino one. Particularly as city government is concerned.

(Editor’s note: Back in the fall of 1988 I told my high school Spanish teacher I wanted to learn the language because I thought it would “come in handy” someday. Has it ever.)

2. After being forced into a run-off, the Rahm camp realized he’s rubbed a number of Chicagoans the wrong way. Which led to commercials like this:


“New Rahm Emanuel Ad: ‘I Can Rub People The Wrong Way’”
YouTube Video

So now that he’s won the run-off, what’s Mayor Emanuel “tune” now? Rick Pearson and Bill Ruthhart reported on the Chicago Tribune website this morning:

After finishing a salad and bowl of matzo ball soup, Emanuel was asked what he learned from the runoff and whether he would, in fact, be a more inclusive mayor in his second term.

Emanuel responded by confidently saying the feedback he’d gotten from voters during the campaign would serve as his “North Star.” Asked by the Tribune if that meant he would take a different approach to running the city, Emanuel instead deflected the question by telling the reporter: “You’ll evaluate that, and my guess is you’ll tell me on a 24-hour basis.”

Pressed again on whether he had heard the voters and would change his often brusque style, Emanuel responded with just one word:

“Yeah.”

(Editor’s note: Bold added for emphasis)

Yeah. I don’t know about you, but the impression I get from that response is- something tells me old habits might be particularly hard to break with this one.

I can’t help but wonder if dead fish aren’t already on their way…

3. Chicago’s “financial reckoning day” is still fast approaching. And I don’t think it matters who’s in charge, as I believe we’re too far along in the deterioration and the required political will to do something about it just isn’t there. Still. I read a “funny” comment on the popular Chicago police blog Second City Cop earlier today. From a Tuesday night post:

Anonymous said…

Blah blah blah. The city will not go.bankrupt. We are third in the country for tourists, we have numerous international and national companies world headquarters plus we have a 100s of millions in tif funds. Commie chuy was a police hater that had no plan for this city. Rahm ain’t no picnic either but next to chuy he was a genius.

Now consider what the National Journal’s John B. Judis reported on March 30:

Chicago is facing a truly grave set of problems– problems that are essentially more extreme versions of the challenges confronting city governments across the country.

The quandaries begin with Chicago’s dramatic social divide. To an even greater extent than is the case in, say, New York or Philadelphia, Chicago has become two entirely separate cities. One is a bustling metropolis that includes the Loop, Michigan Avenue’s Magnificent Mile, and the Gold Coast, as well as the city’s well-to-do, working-class, and upwardly mobile immigrant neighborhoods. The other Chicago consists of impoverished neighborhoods on the far South and West Sides, primarily populated by African-Americans. These places have remained beyond the reach of the city’s recovery from the Great Recession.

Meanwhile, even as it grapples with this extreme gap, Chicago is suffering from a severe fiscal crisis. Like plenty of other municipalities, Chicago lacks the revenue to pay its bills, particularly its pension obligations to city workers. According to a 2013 Pew report, 61 other U.S. cities face similar difficulties, but Chicago’s situation is one of the worst. “Voters must realize we are facing the greatest economic crisis since the Great Depression,” says Roosevelt University’s Paul Green, the doyen of Chicago political experts. “If something doesn’t happen, the city is beyond the abyss.”

Those problems aren’t really Emanuel’s fault, but his efforts to fix them over the past four years haven’t yielded especially good results. For his part, Garcia—who has been at the forefront of Latino politics in Chicago for four decades and who has a history of bucking Chicago’s political establishment—has run a campaign long on general populist criticism of the incumbent, but short on credible ideas about what he would do differently.

All of which means that this election won’t yield much of a mandate for dramatic solutions to Chicago’s twin crises

(Editor’s note: Bold added for emphasis)

Translated: Probably doesn’t matter who won the election, because Chicago looks to “lose” with either at the helm.

Once again, the economic situation appears too far gone at this point, and the political will to truly get the city’s finances back on track just isn’t there.

I hope Judis is wrong. And I hope I’m wrong here.

But the numbers are looking pretty atrocious right now.

As much as I’d like to side with “Anonymous,” as Rahm Emanuel enters his second term as Mayor of Chicago, I feel that proverbial brick wall is still fast-approaching.

Perhaps the best Chicagoans can hope for at this point is a controlled crash landing.

I know one thing. If I were still living in the city, I’d be preparing for the coming carnage.

More on that topic soon.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Sources:

Korecki, Natasha. “Getting Hispanics to the polls in Chicago mayor’s race no slam dunk for Chuy.” Chicago Sun-Times. 15 Mar. 2015. (http://chicago.suntimes.com/chicago-politics/7/71/438985/getting-hispanics-polls-chicago-mayors-race-slam-dunk-chuy). 8 Apr. 2015.

Pearson, Rick and Ruthhart, Bill. “’Second chance.’ Emanuel says he’s ‘humbled’ by victory.” Chicago Tribune. 8 Apr. 2015. (http://www.chicagotribune.com/news/local/politics/ct-chicago-mayoral-election-20150407-story.html#page=1). 8 Apr. 2015.

SCC. “Mixed Bag.” Second City Cop. 7 Apr. 2015. (http://secondcitycop.blogspot.com/2015/04/mixed-bag.html). 8 Apr. 2015.

Judis, John B. “Broken city: Rahm Emanuel and the unraveling of Chicago.” National Journal. 30 Mar. 2015. (https://www.yahoo.com/politics/broken-city-rahm-emanuel-and-the-unraveling-of-115037357316.html). 8 Apr. 2015.

Share

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Wednesday, April 8th, 2015 Bankruptcy, Debt Crisis, Demographics, Entitlements, Government, Immigration, Population, Poverty, Recession Comments Off on Afterthoughts: Chicago’s 2015 Mayoral Election

Signs Of The Time, Part 76

This morning, I was talking to the assistant manager of my parents’ condo building not too far from Chicago’s West Side. I’ll call this guy “Bookman,” one of my favorite characters from the TV show Good Times. Bookman’s from the area, and a couple of years older than me. From the exchange:

BOOKMAN: Have you been following what’s going on Missouri?
EDITOR: Yeah.
BOOKMAN: I think it’s going to blow up.
EDITOR: You mean, like a replay of Rodney King?
BOOKMAN: No, like after Martin Luther King was shot.
EDITOR: Oh, you mean the 1968 riots on the West Side.
BOOKMAN: Yes- but all over the country.

Interesting. Hope he’s wrong. But I’ll be keeping an eye out for any signs of coming widespread unrest.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Share

Tags: , , , , , , , , , , , ,

Wednesday, August 20th, 2014 Civil Strife, Crime, Emergencies, Preparedness, Public Safety, Security, Self-Defense, Signs Of The Time Comments Off on Signs Of The Time, Part 76

This Is What A Good Old Fashioned Chicago Riot Looks Like

The 1968 Chicago West Side Riots were a little before my time (I was born a couple of years later on the West Side), but I remember hearing stories about the unrest growing up not too far from where they took place.

Here’s a little taste of what went down, courtesy of “ChicagoFD1” on YouTube.com:


“Chicago Fire Dept. – Chicago Westside Riots 1968”
YouTube Video

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Share

Tags: , , , , , , , , , , , , , , , , , , , , , ,

Tuesday, August 19th, 2014 Civil Strife, Government, Military, Public Safety Comments Off on This Is What A Good Old Fashioned Chicago Riot Looks Like

Graphic Shows Middle-Class Flight From Chicago

Back when I worked for a fire department in the northwest suburbs of Chicago, a veteran firefighter stopped by my office one day. I always assumed he was a lifelong resident of that area. He wasn’t. “Brendan” informed me that as a kid he grew up on Chicago’s West Side, near where the old Magic Kist Carpet billboard sign (those big neon red lips, remember?) used to be off the Eisenhower Expressway I think. I was told that the neighborhood was at one time very blue-collar, but by the late 60s-early 70s it was going to hell. His family saw what was happening to the area, and along with a number of other neighborhood families made the hard decision of leaving Chicago for something better in the suburbs.

I was reminded of that story when I came across a related one on the website of Chicago CBS affiliate CBS 2 last night. John Dodge reported:

The graphic that you are about to see is sobering, perhaps depressing, and you can’t take your eyes off it.

We have the exhaustive work of Daniel Kay Hertz, a masters student at the University Of Chicago’s Harris School of Public Policy, to thank for that.

At the risk of sounding like an old carnival barker, step right up and watch the middle class of Chicago vanish before your eyes.

However, this is no side-show.

It shows the demise of the foundation of an American city.

Watch as the grey squares, which illustrate the middle class that dominated the most of the city’s neighborhoods in 1970s, quickly vanish over 40 years…

(Editor’s note: Bold added for emphasis)

Dodge was right. The graphic (after the body of the piece) is sobering, to say the least.

But not surprising to long-time Chicagoland residents or someone who’s ever run into a “Brendan” and has learned about their origins.

By the way, if the name Daniel Kay Hertz rings a bell with regular Survival And Prosperity readers, it’s because I blogged about a comparison he performed last year of homicide rates in Chicago Police Department districts from 1990-1993 to rates from 2008-2011.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

Dodge, John. “Amazing Graphic Shows Chicago’s Middle Class Disappear Before Your Eyes.” CBS 2. 3 Apr. 2014. (http://chicago.cbslocal.com/2014/04/03/amazing-graphic-shows-chicagos-middle-class-disappear-before-your-eyes/). 4 Apr. 2014.

Share

Tags: , , , , , , , , , , ,

Friday, April 4th, 2014 Crime, Demographics, Population, Public Safety Comments Off on Graphic Shows Middle-Class Flight From Chicago

Chicago ‘National Poster Child For Financial Distress’?

Whew. After spending a good deal of the day Saturday at a birthday party for one of my girlfriend’s sisters, I was pretty sore the next morning when I hobbled down my driveway to retrieve the Sunday paper. After a little breakfast, I busted out the “Business” section of the Chicago Tribune and read the following in the weekly finance/investing column by Gail MarksJarvis. She wrote:

Chicago is receiving the type of notoriety no city would want. And its reputation is undermining investments individuals have made in the city’s municipal bonds.

Chicago has become a national poster child for financial distress in the aftermath of the Detroit bankruptcy, as bond analysts have been warning investors about cities and states that could be financially risky in the future.

(Editor’s note: Italics added for emphasis)

Whoa! My reaction was similar to comedian Jeff Foxworthy’s when an audience member approached him and asked if he would be interested in hearing a story about a beaver biting off a man’s nipple:

“Okay, you’ve got my undivided attention.”

Now, it’s not like MarksJarvis is one of those financial “journalists” who see America- especially Obama’s America- through rose-colored glasses and dare not scratch the surface of an economic portrait constructed by a government which has a history of tinkering with the reporting that not surprisingly ends up looking more positive. Unlike these Pollyannas- I have no beef with MarksJarvis and read her column when I get the time (along with Tribune real estate reporter Mary Umberger).

MarksJarvis continued:

“Between Chicago’s appalling murder rate, blubbery unfunded pensions and ratings downgrades, don’t touch this credit with a 10 foot pole,” Marilyn Cohen, chief executive of Envision Capital, wrote in a report to clients this week.

The Los Angeles-based bond manager warned individuals not to be lured by the extra yield they can earn by taking chances on risky cities and states.

“Illinois, Chicago and Puerto Rico are on the bottom of the barrel,” she said. “The Chicago murder rate is a symptom of the city unable to grapple with its problems or its pension debacle. The unions have a stranglehold on the city and state and no one has been willing to raise revenue or do what needs to be done.”

Cohen is just one of many analysts waiving red flags over Chicago municipal bonds since Detroit filed for bankruptcy and made investors aware that large U.S. cities may become so troubled that individuals can lose money in general obligation bonds they assumed were rock solid.

(Editor’s note: Italics added for emphasis)

Funny. From what I’ve heard/read, Cohen might want to look at tossing her home state of California into that barrel as well.

Regardless, a no-holds-barred assessment of Chicago and Illinois as it relates to their bonds.

“Don’t touch this credit with a 10 foot pole.”

Ouch!

Oh well. It’s money we’re talking about here.

“No time for love, Dr. Jones.”

Now, after Detroit filed for bankruptcy last month, a number of people rushed to Chicago’s defense against claims the “Windy City” might be/is on the path of becoming the next “Motor City.” From my Sunday paper:

Bond analysts note that if the city can’t control crime and residents move out, Chicago eventually could face the urban flight issue that left Detroit with the need to spend more on safety while the number of homeowners paying taxes was in decline.

“Chicago eventually could face the urban flight issue.”

It’s an issue already on the table. Not only has it happened before (I once worked with a suburban firefighter whose family made the difficult choice of leaving Chicago’s deteriorating West Side in the late 60s-early 70s for the northwest suburban “boonies” at that time), but the argument can be made that’s it’s starting again, as I type away on my keyboard here in my new home office (in progress) in the northwest suburbs and knowing of other ex-city dwellers who’ve departed what they feel has become “Rahmabad” (as I just heard Chicago being referred to this weekend) while making their presence known on alternative media sites like Second City Cop and others.

While not a flood, there’s a trickle.

By Christopher E. Hill, Editor
Survival And Prosperity (www.survivalandprosperity.com)

Source:

MarksJarvis, Gail. “MarksJarvis: Chicago gives investors another reason to rethink municipal bonds.” Chicago Tribune. 4 Aug. 2013. (http://articles.chicagotribune.com/2013-08-04/business/ct-biz-0804-gail-bonds–20130804_1_municipal-bonds-municipal-market-advisors-matt-fabian). 4 Aug. 2013.

Share

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , ,

Monday, August 5th, 2013 Bonds, Credit, Crime, Debt Crisis, Deficits, Demographics, Entitlements, Fiscal Policy, Government, Population, Public Safety, Taxes Comments Off on Chicago ‘National Poster Child For Financial Distress’?
Survival And Prosperity
Est. 2010, Chicagoland, USA
Christopher E. Hill, Editor

Successor to Boom2Bust.com
"The Most Hated Blog On Wall Street"
(Memorial Day Weekend 2007-2010)

PLEASE RATE this blog HERE,
and PLEASE VOTE for the blog below:



Thank you very, very much!
Advertising Disclosure here. Ad captions last reviewed/updated 4/18/17.
ANY CHARACTER HERE
Freeze Dried Food SPRING ADDITIONAL 15% DISCOUNT (promo code- home page); Free Gift w/ Purchase; Free Shipping (domestic orders). Review coming soon.
ANY CHARACTER HERE
Family-Owned & Operated in Chicago Suburbs! SAVE 10% OFF ALL ITEMS (promo code- home page); Free Shipping (U.S. orders) & Returns. Review coming soon.
ANY CHARACTER HERE
Buy Gold And Silver Coins BACK-DATED SILVER & GOLD EAGLE SALE!; Secondary Market Silver Coin/Bar Sale (1 oz. coins, 10 oz., & 100 oz. bars); 90% Silver U.S. Dimes & Quarters Sale; U.S./World Gold Bullion Coins/Bars also on sale; Free Shipping on U.S. orders $99 and up (only $5.95 below $99!). BGASC reviewed HERE.
ANY CHARACTER HERE
BullionVault World's Largest Online Investment Gold Service taking care of $2 billion for over 65,000 users from 175 countries. BullionVault.com reviewed HERE.
ANY CHARACTER HERE
SAVE 20% OFF ALL CASE PACKS!; BUY 3-MONTH SUPPLY GET BREAKFAST KIT FREE!; Big Savings on "Deal Of The Day" page; Free Shipping on orders over $79. MyPatriotSupply.com reviewed HERE.
ANY CHARACTER HERE
bullet proof vestsWorld's First Bulletproof Baseball Cap only $129; Bulletproof Ceramic Plate (NIJ Level III Stand-Alone) only $169; Bulletproof Backpack/Messenger Bag Panel only $99. BulletSafe reviewed HERE.
ANY CHARACTER HERE
Survival Titles Save 20% SAVE 35% ON SURVIVAL TITLES! (promo code- home page); Discontinued Title Sale- Savings up to 75% Off Original Price. Paladin Press reviewed HERE.
ANY CHARACTER HERE
This project dedicated to St. Jude
Patron Saint of Desperate Situations



happyToSurvive

Categories

 

Archives

RSS Chris Hill’s Other Blog: Offshore Safe Deposit Boxes

  • Degussa Singapore Launches YouTube Channel
    It’s been some time since I last blogged about the first Asian branch of Degussa, a leading international player in the precious metals world. Degussa Singapore opened its doors at 22 Orchard Road in October 2015 and operates a safe deposit box service in addition to selling bullion bars, coins, and precious gifts. Yesterday I […]
  • Nomad Capitalist’s 5 Best Countries For Offshore Gold Storage
    Research related to Monday’s post about precious metals storage in Singapore led me to a piece published last fall by Andrew Henderson over on the Nomad Capitalist website. I’ve mentioned Andrew and his company before on the blog, but for those readers not familiar with them, Henderson is the founder and managing partner of Hong […]
  • Singapore’s ‘Strong’ Precious Metals Storage Infrastructure Anchors Trading Hub Push
    It’s no secret that Singapore has become a global leader in the storage and safekeeping of private wealth. In fact, the last mention of the Southeast Asian city-state on this blog concerned a December 12, 2016, article on the The Business Times (Singapore) website which noted privately-owned precious metals from around the world are finding […]
  • List Of Offshore Private Vaults Updated
    The list of private, non-bank vaults outside the United States (offering safe deposit boxes/lockers at a minimum) located on this blog’s sister site- Offshore Private Vaults- was recently updated. Safe deposit facilities now open for business have been added under the following countries: -Hong Kong (Royal England Safe Deposit Box Ltd.) -Thailand (Magna Carta Law […]
  • Next Degussa Numis Day To Take Place May 4, 5
    Degussa, a leading international player in the precious metals world which also offers safe deposit boxes (for customers) at branches in Germany, Singapore, Spain, and Switzerland, has just posted information about their next Numis Day (first blogged about here) at their Geneva and Zurich showrooms. From their website: The Next Numis Day We appreciate and […]