Illinois – Worst Financial Shape Ever

Bloomberg L.P., the big New York financial data firm, is holding its fall municipal-financing conference on Wednesday, and guess what the title is for the special panel on the Land of Lincoln?  Try Land of Entropy.  Yes, sports fans, the panel titled “Illinois...

Jimmy John’s Leaving Illinois, Florida Bound

Jimmy John Liautaud is moving part of the sandwich chain that bears his name to Florida next year, making good on a threat issued in 2011 after Illinois hiked its corporate tax rate. The founder of Jimmy John’s Gourmet Sandwiches said during a Sept. 18 panel...

U.N. Wants New Global Taxes

A 1 percent tax on billionaires around the world. A tax on all currency trading in the U.S. dollar, the euro, the Japanese yen and the British pound sterling. Another “tiny” tax on all financial transactions, including stock and bond trading, and trading in financial...

CPS Debt Downgraded

A leading bond-rating agency has downgraded the Chicago Board of Education’s debt in the wake of the settlement of the Chicago Teacher’s Union’s recent strike. Moody’s Investor Service had already downgraded the Chicago Public Schools’...