[B]ut California too is now starting to hand it to bondholders. Cities in California are now testing the limits of bankruptcy law, and not paying the debt nor the payments for retirees to the state system. Thus this article describes how the state retirement system...
Kudos to Alderman Bob Fioretti: A Chicago City Council committee signed off Monday on Mayor Rahm Emanuel’s latest privatization deal—even though, after nearly five hours of testimony, aldermen still didn’t quite know how it added up for taxpayers, what its...
Records provided to CNN show that $54.5 million was spent on the NRI program, mostly through the governor’s discretionary fund, which doesn’t require legislative approval. The only data on the program’s accomplishments come directly from the Illinois...
This first came up (recently at least) with the Hostess workers: Interviews with more than a dozen workers showed there was little sign of regret from employees who voted for the strike. They said they would rather lose their jobs than put up with lower wages and...
A pregnant Hurricane Sandy victim was booted from her hotel room yesterday and forced to hunt for a place to stay because FEMA dropped the ball on her reservation. Keri Christian, 27, was living at Brooklyn’s Nu Hotel with her daughter, Serafina, 2, after the storm...
