Labor Force Participation Rate Messes with Unemployment Rate

Exactly a month ago I wrote about the bogus employment numbers claimed for the Chicago area.  I claimed that there were no actual jobs “created” and that the only reason the employment rate went down was because people simply left the job market....

FYI, You CAN Cheat on Your Property Taxes

Cook County Board President Toni Preckwinkle and Assessor Joe Berrios on Tuesday urged state lawmakers to give them more power to go after property owners who improperly claim tax breaks, saying they could recover more than $150 million in three years with the new...

Chicago Aldermen: White Collar Criminals

An analysis of pension fund documents for 21 aldermen who retired under the plan shows they are in line to receive nearly $58 million during their expected lifetimes, though contributions and assumed investment returns are predicted to cover just $19 million, or a...

Rooting Out Bad Cop

Cops are people.  Some are going to be trouble no matter how hard you try to keep them out.  However this is just nutty: Of 441 police misconduct lawsuits that led to city payments between January 2009 and November 2011, nearly a third—or 145—involved the “repeaters,”...

IL, 3rd Worst for Business …again

Let’s first get some background on the winners: In Chief Executive’s eighth annual survey of CEO opinion of Best and Worst States in which to do business, Texas easily clinched the No. 1 rank, the eighth successive time it has done so. California earns the...