Good News!! CHAMPAIGN, Ill. (AP) — Unemployment dropped to 9.8 percent in Illinois in December, state officials said Friday, a second straight monthly decrease that capped a year in which the jobless rate fell almost a full percentage point from 2010. via Chicago...
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...
