The head of Illinois' largest pension plan strongly suggested that cuts in cost-of-living benefits are inevitable for more than 360,000 teachers and retirees outside of Chicago. In an interview with Crain's editors and reporters, Richard Ingram, executive director of...
Business
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...