Author: Jimmy
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You’d Be A Fool To Hold Anything But Cash Now
David Stockman was Reagan’s budget director and quit because he thought there was too much deficit spending. Then he went to Blackstone and really learned the pro’s and con’s of using debt to make things happen. Q: How do investors protect themselves? What about the stock market? A: I wouldn’t touch the stock market with…
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Dog Walker in Custody After Stabbing
This is the third or fourth stabbing in the last two weeks. A 61-year-old man is in custody after police said he stabbed another man this morning after the two had an argument that began when the victim tried to swat the dog away in the Longwood Manor neighborhood. … An argument escalated and resulted…
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Gun Control Measures Advance
Yes, this is a few days old: Two controversial gun control proposals advanced to the full House Wednesday. On a partisan vote, the Democratic-controlled House Executive Committee approved a measure requiring handgun owners to register their weapons with the state. The panel also signed off on legislation that would create a special 2 percent tax…
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Judge Rules Eavesdropping Law Unconstitutional
A Cook County judge today ruled the state’s controversial eavesdropping law unconstitutional. The law makes it a felony offense to make audio recordings of police officers without their consent even when they’re performing their public duties. Judge Stanley Sacks, who is assigned to the Criminal Courts Building, found the eavesdropping law unconstitutional because it potentially…
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High Gas Prices Raise Airline Ticket Costs
“[R]ising jet fuel costs put significant cost pressure on the airline industry,” Steve Lott, vice present of communications for Airlines for America told CBSDC. “Regarding fuel, it was the airline industry’s largest expense in 2011, representing 35 percent of total costs. In 2011, the price of jet fuel reached a record high of $3.00 per…
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GM (Temporarily) Laying off 1300 Due to Low Volt Sales
General Motors Co. announced the temporary suspension of Chevrolet Volt production and the layoffs of 1300 employees, as the company is cutting Volt manufacturing to meet lower-than-expected demand for the electric cars. “Even with sales up in February over January, we are still seeking to align our production with demand,” GM spokesman Chris Lee said.…
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The 99% Spring
It’s coming: From April 9-15 we will gather across America, 100,000 strong, in homes, places of worship, campuses and the streets to join together in the work of reclaiming our country. We will organize trainings to: Tell the story of our economy: how we got here, who’s responsible, what a different future could look like,…
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Emanuel vs. Lewis
Karen Lewis, the Chicago Teacher’s Union President, and Mayor Rahm Emanuel, have a testy relationship at best. … The two leaders met privately last year ahead of Emanuel’s inauguration. They went for dinner and to attend a dance — both are fans of the art form — and to develop a working relationship. ……
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Businesses Get the Old Yes No on the G-8/NATO Summits
Well which is it? Mayor Rahm Emanuel was asked Thursday whether businesses located within the inner-most security perimeter will have a process to recover lost profits incurred during the May 19-21 events at McCormick Place. “The [NATO and G-8] Host Committee is working on it. They’ll have a process for that,” he answered. ……
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Beavers Indictment: Where’s Madigan?
So I understand that our unwanted and tried to be run out of town U.S. Attorney for Northern Illinois has indicted Old Man Beavers. The feds are usually pretty good about putting their case together and have a 85-90% conviction rate. So it’s safe to say that the Hog of Cook County is going to…