A student works on her new laptop computer at the school in Joliet, IL on Friday September 7, 2012. When school began two weeks ago, every freshman at Joliet Township High School was issued a laptop -- a first in school history. | Matt Marton~Sun-Times Media
Updated: October 29, 2012 6:28AM
The proposed Wi-Fi project has great potential for the economic development of the city. Just as government subsidies for expressways, railroads and water management helped new businesses in the early 20th century, this Internet infrastructure seems to hold a portion of the same promise.
My concern is that, if the Sun-Times article, “Chicago aims for Internet access . . .” is comprehensive, once again, North Lawndale has been ignored as a potential economic development zone.
Unfortunately, North Lawndale suffers from an abundance of empty lots and factories. Fortunately, North Lawndale has an abundance of empty lots and factories that can be used for development. If the city is going to subsidize business development, let it do so in an area that can not only use it, but has available space for it.
Local banks are hurting
Thank you for your Tuesday editorial, “Nurture local banks.”
You are absolutely correct in stating that Basel III would harm Chicago area banks that are the lifeblood of our communities. This proposed regulation along with many other new regulations should have been targeted to megabanks, not our small community banks.
The Chicago area has been especially hurt in this economy, and our local community banks have been penalized for the actions of large financial institutions that call themselves banks but are really complex conglomerates.
Community banks are overburdened with regulations designed for complex institutions. If Basel III is imposed on them, our local banks and local economy will suffer.
vice president, Chicago area,
Community Bankers Association of Illinois
Taxes keep going up
While everyone focuses on Rahm Emanuel not raising sales or property taxes, they ignore the ugly truth. Property tax assessments continue to increase at double digit rates. Meanwhile, we are stuck in homes whose values have dropped below what we owe.
Taxes are being raised on all homeowners drastically.
Matthew R. Clark, Loop