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Search resuls for: "Photographs Taylor Glascock For The Wall Street Journal"


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HINES, Ill.—Every Thursday, Bob McMahon —often in his trademark Marine Corps sweatshirt and ball cap—volunteers in a food pantry at the Hines VA Hospital in suburban Chicago that helps veterans, active-duty troops and hospital employees. Mr. McMahon, 63 years old, who served in the Marines just after the Vietnam War and left the service as a Private First Class, was homeless when he first came to the Edward Hines Jr. VA Hospital program in 2013, which he credits with saving his life. The pantry serves more than 100 veterans a week, said Kerry Thomas, a licensed clinical social worker at Hines.
Investors say that through rental conversions they are making more homes available to people who cannot afford to buy or who would prefer to rent. Housing groups say the growth of this business has come at the expense of lower-income residents because rental conversions reduce opportunities for residents to build wealth through homeownership.
Deerfield, Ill.—A year into her job as Walgreens Boots Alliance Inc.’s chief executive, Rosalind Brewer realized the company’s board wasn’t entirely sold on her plan to save its ailing drugstore business. So she took directors on the road.
CHICAGO—A long-planned expansion of a freight yard where oceangoing containers are moved from railcars to trucks cleared a final hurdle Wednesday, a sign of the third-largest U.S. city’s importance as a rail hub and the challenges of running a railroad in a dense urban area. The city council approved a measure to turn over the streets and alleys that pass through block after block of empty lots now owned by Norfolk Southern Corp. The railroad began acquiring and eventually demolishing a total of 500 homes in Englewood, one of the city’s poorest neighborhoods, for the multimillion-dollar project in 2008.
Acts Housing, a Milwaukee nonprofit, has helped local low-income families buy their first home for more than two decades. More recently, these families have been losing out to investors whose all-cash bids are more attractive to sellers. “If a family is willing to pay the same amount for a property as an investor, how do we make sure that family actually gets that opportunity?” asked the group’s president and chief executive, Michael Gosman .
Andy Jenks, a sixth-generation Illinois farmer, owns shares in a small real-estate investment trust called Farmland Partners but rarely thought about them. That morning, a writer going by the name Rota Fortunae published an article on an investing website, Seeking Alpha, alleging Farmland was at risk of insolvency. Some investors had shorted the company, betting Farmland’s stock was poised to decline. It did, and by the end of the day, Farmland was down 39%. It took more than two years for the share price to recover.
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