I realize this is not a local issue but I can’t help myself: JPMorgan Chase & Co.’s profits last year were the highest in the bank’s history, and Citigroup Inc. returned money to the U.S. Treasury and reported its first full- year profit since 2007. ...
The Securities and Exchange Commission has launched an inquiry into public statements by Illinois officials about the state’s underfunded pension fund, the state’s governor’s office confirmed Monday night. (Full story here.) Well it’s...
Well it took some doing, but I have completed my policy on TIFs. This is critically important to the sustainability of the city moving forward. We cannot survive continuing to go further and further into debt year after year while our schools are failing and the TIF...
From yesterday’s NYT: Policy makers are working behind the scenes to come up with a way to let states declare bankruptcy and get out from under crushing debts, including the pensions they have promised to retired public workers. … Unlike cities, the...
Four years ago, SEIU spent almost $2.5 million in Council races, spearheading a union effort that helped depose Daley allies like Madeline Haithcock, Shirley Coleman and Dorothy Tillman. Asked about the budget for this election, Balanoff said SEIU expects to be...