Search
×

Sign up

Use your Facebook account for quick registration

OR

Create a Shvoong account from scratch

Already a Member? Sign In!
×

Sign In

Sign in using your Facebook account

OR

Not a Member? Sign up!
×

Sign up

Use your Facebook account for quick registration

OR

Sign In

Sign in using your Facebook account

Shvoong Home>Society & News>News Items>The Economist (weekly) Summary

The Economist (weekly)

Article Summary   by:Constantin    
ª
 
CHICAGO: a success story. (16/03/06)
In an article of the economist magazine aimed at describing the new Chicago, it is said that in all its parts the city is now bustling with life : the business area, unlike many other cities is the place where live all sorts of people and is animated, the old labouring north and south have been transformed by artists and trendy people while the east is mobbed with locals mixed with tourists and can rival with New-York’s most important avenues. Yet the situation 30 years ago was rather gloomy and doomed : the city faced then political, economical and racial troubles (the worst the us have ever known). And Chicago knew a deep industrial decline : this chaos led people, firms and jobs to leave, letting no hope for other cities of equal status to get through. But Chicago is now entering a new period of revival and this revival must not only be seen in the business area but in signs like the growth rate of its population which is of 4% and important economic decisions concerning the city. Indeed, the city triggered political troubles with a lack of democracy from the 50’s to the 90’s when eventually a new style of government, adopted by R. Daley, mayor, allowed to action. Chicago went very low but is now back to the surface in a rather solid position and there are lessons for other cities in its experience.
Published: March 22, 2006   
Please Rate this Summary : 1 2 3 4 5
Translate Send Link Print
X

.