Moody’s Investors Service has downgraded to A3 from Aa3 the rating on the City of Chicago’s (IL) $181 million of outstanding rated motor fuel tax debt. The outlook has been revised to negative. via Moody’s. Surprises no one. Barely qualifies as news...
Illinois broke federal securities laws in misstating the true health of the state’s depleted pension funds when going out onto the bond market between 2005 and early 2009, the Securities and Exchange Commission announced Monday. … The finding of...
Druckenmiller, who is known to be media shy, told Bloomberg TV that he sees “a storm coming, maybe bigger than the storm we had in 2008, 2010” and it has to do with a demographic bubble. “But the demographic storm is just starting now. It reminds me...
I found this while at the Khan Academy. [youtube http://www.youtube.com/watch?v=Tczu_dvVuuk]
Democratic Gov. Pat Quinn on Thursday signed into law an extra $1.5 billion in spending for road construction and child welfare investigations, even as Republicans decried the measure as including ill-timed, pork barrel money. via Chicago Tribune. What is wrong with...
