First Lady's Neighborhood Shows Toll of Gun Crime

May 23 (Bloomberg) -- Shootings in Chicago's South Shore neighborhood, the childhood home of First Lady Michelle Obama, have frightened residents and caused businesses to flee. Gun violence in the community and elsewhere in the city cost Chicago $2.5 billion a year, or $2,500 per household, according to Jens Ludwig, director of the University of Chicago Crime Lab. Bloomberg's Tim Jones reports. (Source: Bloomberg)

Most Recent Videos

Bareburger CEO Responds to Shake Shack IPO
41:17 - Jan. 30 -- Bareburger CEO Euripides Pelekanos discusses how he will expand the Bareburger brand with Bloomberg's Pimm Fox on "Taking Stock."
  • How Apple Conquered China Market: Bloomberg West (01/30)
  • Should Amazon Spin Off Its Growing Cloud Business?
  • TripAdvisor's Top Pick: Chicago's Langham Hotel