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Chicago Current archives

September 12, 2013 @ 7:02 AM

Chicago credit rating drops 3 notches in new Moody's ratings

Tim Blake, a Moody's analyst, said the action on Chicago's rating led to downgrades of ratings for Cook County, the Cook County Forest Preserve District, the Chicago Park District, the Chicago Public Schools and the Metropolitan Water Reclamation ...


September 12, 2013 @ 7:02 AM

Victory Fund event features national politicians

Debra Shore, commissioner of the Metropolitan Water Reclamation District of Greater Chicago and chair of the Victory Institute board of directors, invited members of the host committee to the stage and recognized elected and appointed political office ...


September 12, 2013 @ 7:02 AM

CTA moves to trim jobs, save $13M

Fueled in part by the debut of the new Ventra fare payment system, Chicago Transit Authority officials Wednesday announced plans to give 104 employees pink slips. CTA board members agreed to eliminate 149 positions — only 104 of them currently filled ...


September 12, 2013 @ 7:02 AM

Cook County commissioners OK cremations at morgue

The Cook County medical examiner will have the power to cremate bodies in some cases rather than letting them stack up in the morgue under a package of new rules commissioners approved Wednesday. Medical Examiner Dr. Stephen Cina has said ...


September 12, 2013 @ 7:02 AM

Another Metra board member leaving

Metra Board member William Widmer is the latest to announce he wants out of the troubled agency — just weeks after a group suburban Cook County Board members urged him to quit. A group of six suburban Cook County Board members had drafted a ...


September 12, 2013 @ 7:02 AM

Another Metra board member leaving in wake of scandal

The Chicago City Council is expected to approve former Ald. Martin Oberman to fill the city's Metra vacancy next month, while Cook County President Toni Preckwinkle could name her pick before her board's October meeting. Widmer, a labor attorney ...


September 12, 2013 @ 7:02 AM

Cook County morgue may cremate some bodies

For the first time in county history, the Cook County Board on Wednesday approved changes to an ordinance that would allow the office to explore whether it's cost-effective and feasible to cremate unclaimed or “disclaimed” bodies, according to Cook ...


September 12, 2013 @ 7:02 AM

Archive: Preckwinkle shakes up Cook County medical examiner's office

After months of evaluating operations and making lower-level changes at the troubled county morgue, Cook County Board President Toni Preckwinkle launched a major shake-up Tuesday that included the departure of the two top officials at the medical ...


September 12, 2013 @ 7:02 AM

Cook County Morgue Might Cremate Some Unclaimed Bodies

... County Board on Wednesday approved changes to an ordinance that would allow the office to explore whether it's cost-effective and feasible to cremate unclaimed or “disclaimed” bodies, according to Cook County Board President Toni Preckwinkle's office.


September 12, 2013 @ 7:02 AM

Archive: Cook County considers cremation

County Board President Toni Preckwinkle said she supports the idea of adding cremation but has some concerns. "I just want to make sure that if we pursue a cremation policy, we are respectful of the families' wishes," Preckwinkle said. "That's my ...


September 12, 2013 @ 7:01 AM

Hank Paulson: This Is What It Was Like to Face the Financial Crisis

I talked about the over-the-counter derivative market and the lack of transparency there. I talked about the size of hedge funds. I didn't talk about housing. When we finished the conversation, the president said, “Hank, what would cause the financial ...


September 12, 2013 @ 7:01 AM

For Regulators Who Failed To Prevent Financial Meltdown, Life After Crisis Isn ...

Treasury Secretary Henry Paulson was the face and voice of the financial crisis of 2008, appearing on television almost daily advocating for the authority to bail out U.S. banks while at the same time trying to calm the public and the markets to ...


September 12, 2013 @ 7:01 AM

CHA Pouring Funds Into Substandard Housing

The Chicago Housing Authority has paid out nearly $2 billion over the past five years to help pay rent for nearly 37,000 low-income families in Chicago. But much of that taxpayer money has gone to pay for substandard apartments and units that ...


September 11, 2013 @ 7:01 AM

Low-income solar

He'll be based in Chicago. Principal, led by Chief Executive Officer Larry Zimpleman, is bolstering the asset-management unit to add clients and increase fee income. Principal Real Estate Investors manages or subadvises $47 billion in commercial real ...


September 11, 2013 @ 7:01 AM

AFGE Local President in Chicago Sentenced for Theft

On August 6, Christopher Stansbury, former president of American Federation of Government Employees Local 1765, was sentenced in U.S. District Court for the Northern District of Illinois to two years of probation and ordered to pay restitution in the ...


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