March 02, 2015 @ 6:00 AM

Chicago's Fiscal Freefall: Moody's Cuts Chicago Credit Rating to Two Steps ...

Chicago has 15 agreements tied to variable-rate general-obligation debt and one to variable-rate sales-tax bonds, according to Moody's. While the company said the city has the resources to cover the $58 million payment, it said the cut moves Chicago ...

March 02, 2015 @ 6:00 AM

United States: Chicago unionists force Democrat mayor into runoff election

Garza's union credentials include her father Ed Sadlowski—a longtime leader in the Steelworkers—and roots in her South East Side community. She's even gotten some union endorsements, though the Chicago Federation of Labor endorsed her opponent.

March 02, 2015 @ 6:00 AM

Who Should Select Senators?

After Barack Obama resigned from the Senate, then Illinois Governor Rod Blagojevich more or less openly conducted an auction to fill the rest of Obama's term, ultimately naming Roland Burris. Illinois law allowed this, but we argued that an appointment ...

March 02, 2015 @ 6:00 AM

Rauner's transportation budget: Bikers up, transit down

Rod Blagojevich implemented a free-fares-for-seniors program. Transit agencies sounded the alarm after costs soared. It was scaled back to low-income seniors and disabled riders, and the state kicked in a reimbursement worth about $34 million to Metra, ...

March 02, 2015 @ 6:00 AM

Who Was Chicago's Youngest Alderman? A Famous Future Colonel Won at Age ...

At least a few were definitely younger, including Ald. Edward Burke (14th), the longest-serving member in City Council history, who was 25 when he won a special election to replace his deceased father, Joseph Burke, in 1969. Ald. Edward Scholl (41st ...

March 02, 2015 @ 6:00 AM

Chicago Mayoral Election 2015: Why Did Obama Endorse Rahm Emanuel And ...

“If you look at Obama's record as a progressive, he was not part of the Rahm Emanuel wing of the Democratic Party. If you look at the kind of profile Obama had as a state legislator in the Chicago universe, he was far to the left of where Rahm Emanuel is.

March 02, 2015 @ 6:00 AM

It soon may be surrounded by right-to-work states

“There are a lot of things that the General Assembly can do, though, to make us more competitive with neighboring right-to-work states, such as reforming our worker's compensation system, reforming unemployment compensation and how Illinois businesses ...

March 02, 2015 @ 6:00 AM

NAID announces support of HHS, Illinois AG investigation

The National Association for Information Destruction (NAID), Phoenix, reports that the Illinois attorney general and the U.S. Department of Health and Human Services (HHS) will investigate a recently discovered data breach involving the casual disposal ...

March 02, 2015 @ 6:00 AM

Ex-Gov. Quinn Begins Collecting $137000 Pension

The base of former Gov. Pat Quinn's salary is protected under the pension overhaul he signed into law, but like other state employees, future hikes will be reduced should the court uphold its constitutionality. Quinn began collecting his annual, $137 ...

March 02, 2015 @ 6:00 AM

Demmer bill aims to increase capital for Illinois small businesses

Tom Demmer, R-Dixon, amends the Illinois Securities Law of 1953 to allow for smaller investments in companies that can't afford a full public offering. Similar to using a Kickstarter campaign, business owners can solicit money from individuals for ...

March 02, 2015 @ 6:00 AM

The fight against teacher unions is spreading

Neoliberal education reformers took a deep breath after the Chicago mayoral election on Tuesday as establishment incumbent Rahm Emanuel failed to clear the 50 percent threshold and thus faces a runnoff from a more liberal candidate in April. The ...

March 02, 2015 @ 6:00 AM

A call for civic change: Chicago's referendum for elected school board

Some analysts believe an elected school board would reduce the infuence that Mayor Rahm Emanuel (center) has over bureaucrats such as former Chicago Public Schools CEO Jean-Claude Brizard (left), or Chicago Board of Education president David ...

March 02, 2015 @ 6:00 AM

There's a path to victory, if Garcia follows it

Cook County Board President Toni Preckwinkle made Garcia her floor leader. “Chuy does in fact have support among a portion of the old guard in the black community — those who were involved in the Harold Washington mobilization effort,” argued Valerie ...

March 01, 2015 @ 6:01 AM

Book Outlines Illinois Corruption In One Volume

Rod Blagojevich, who attempted to sell a U.S. congressional seat and was convicted on a wide variety of counts including bribery, attempted extortion and conspiracy. There are aldermen, congressmen, police, judges and other city and state officials ...

March 01, 2015 @ 6:01 AM

Chicago Mayor Rahm Emanuel will have to answer for city's fiscal free fall ...

Facing a competitive reelection campaign, Chicago Mayor Rahm Emanuel will have to explain Chicago's sinking credit ratings to voters. On Friday, Moody's downgraded the city's rating to Baa2, just two steps above junk.

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