Gongol.com Archives: June 2017

Brian Gongol

June 27, 2017

Threats and Hazards 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.

Business and Finance 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.

Health 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

Iowa 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

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