Since 2008, police have investigated more than 500 reports that children have been sexually assaulted or abused inside Chicago Public Schools. Where is the outrage? Where are the calls for school and city leaders to be held accountable? On this edition of Illinois Rising, Dan Proft and Brian Timpone hear from state Rep. Joe Sosnowski, R-Rockford and member of the House education committee, about what was and wasn't accomplished during hearings on the CPS sex abuse scandal. Proft and Timpone also discuss the increasing costs to taxpayers for former President Barack Obama's presidential center in Chicago. And they broke down how more and more Illinois counties are seeing underwater mortgages become a norm.
Despite a more than 6-fold increase in the number of black elected officials in America since 1970, black families as a demographic are not better off economically or educationally. Robert Blackwell, President of EKI-Digital and Killerspin, explains why economic policy is more important than identity politics in fostering success.
Despite an federal cabinet level agency and state and local agencies dedicated to ending discrimination with respect to home ownership including with respect to the banking system, black home ownership has not changed in 50 years. What accounts for this phenomenon? Founder and CEO of Local Labs Brian Timpone discusses.
What drove the housing market crash in 2008? Is today's federal housing policy leading us back to the same place we were when the bubble burst? In what form do the GSEs, Fannie and Freddie, exist today and how does that impact home ownership in the US? Who regulates the regulators? How do we stop another "government-sponsored Enron"? There is no one better positioned to answer these questions than Bethany McLean. McLean is the co-author of "The Smartest Guys in the Room," which told the story of the rise and fall of Enron. She is a columnist for Fortune magazine and a contributing editor for Vanity Fair. Her new book, "Shaky Ground," is a must-read primer on the housing market, what happened and what did not and what is happening today that should not be and what is not happening that should be. Dan Proft sits down with author, columnist and CNBC contributor Bethany McLean in this edition of Against The Current.