Chiraq: 2 dead and at least 47 wounded over weekend

The last weekend of Mayor Rahm Emanuel's first term was very violent--two people were murdered and at least 47 others--including an 81 year-old woman with dementia--were wounded.

The last two days were also the first weekend since Moody's downgraded Chicago's bonds to junk status.

There is failure everywhere in America's third-largest city.