My Blog

Author: Jimmy

  • 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’ bond rating outlook to “negative” from stable in July, and cited Thursday the rating agency’s “view that the district will…

  • Aldermen Briefed on Pension Time-Bomb

    [Chicago’s] Chief Financial Officer Lois Scott reminded council members that absent significant changes to pension plans, the city will be forced to drastically cut services, raise taxes or do both to close a funding gap that could reach $700 million in just a few years, aldermen said.  … …  Lawmakers are looking to fix the…

  • Pete’s Update – 09/27/2012

    A couple of new things to report on the situation with Pete’s Fresh Market. As most readers know, the story has now made the local papers and WGN TV News.  Here’s what’s new — and what you won’t read in those papers: #1 My original story stated that “the ring-leader of the group of thugs…

  • Corruption “Widespread” in Illinois

    A new poll finds that a whopping majority of state residents believe that not only state government but Illinois business is plagued by serious misconduct. According to the survey of 1,271 registered voters by the Paul Simon Public Policy Institute at Southern Illinois University, 76.8 percent agree that “corruption in Illinois government is widespread.” via…

  • Bishop E.W. Jackson: Message for Black Christians

    [youtube http://www.youtube.com/watch?v=Oi_KaZ53eDg?rel=0]

  • Federal Reserve Funding the Entire US Deficit

    [Lawrence] Lindsey said that with the Fed purchasing at least $40 billion a month in mortgage debt through QE3, “they are buying the entire deficit.”  … The central bank’s recently announced bid to stimulate the economy has also taken the pressure off politicians to deal with the U.S. fiscal cliff, Lindsay argued, which could result…

  • Pete’s — Update 09/26/2012

    “If we don’t work then nobody work.” via. WGN. Dude on camera telling the world he’s going to shut-down construction. This is insanity.

  • East Coast Liberals: Smartest Students in CPS are the Gang Leaders

    …  Newark, N.J. Mayor Cory Booker and former New York Gov. David Paterson — who spoke Tuesday morning about recidivism and racism at a panel hosted by Stroock law firm — say. During the talk, Paterson observed the smartest students in the Chicago Public School system are the gang leaders because they’re giving kids what…

  • Obama, Iraq & Afghanistan, Peace & War

    There an amazing story about mine clearing activities in the Persian Gulf.  Before we get to it though we really need to consider some history. Do we remember: There is no military solution to the war in Iraq. Our troops can help suppress the violence, but they cannot solve its root causes. And all the…

  • Pete’s — 09/25/12 Update

    The Sun-Times joins the discussion: The West Side is one of Chicago’s “food deserts,” so named because it lacks full-service grocery stores. Cheers went up from people in the neighborhood when the city sealed a deal two years ago to bring one to Madison and Western. Pete’s Fresh Market, a South Side-based chain, got the…