My Blog

Category: Politics

  • Is the Fed Promoting Recovery or Desperation?

    A lengthy beating to the Fed begins: On Friday, the Department of Labor reported that March non-farm payrolls increased by 120,000, falling well short of consensus expectations in excess of 200,000. …  On the payroll front, our present expectation is that April job creation will deteriorate toward zero or negative levels. Immediately after the payroll…

  • Derrick Smith Using William Beaver’s Defense

    Today’s Story: Victor Henderson, the lawyer for accused Illinois State Representative Derrick Smith tells “The Don and Roma Show” on WLS, that the reason federal authorities charged Smith with bribery, was because they wanted him to give up information about possible wrongdoing by Illinois Secretary of State Jesse White, Smith’s long-time political mentor. via WLS…

  • Chicago Teachers Union Wants to Strike

    The Chicago Teachers Union says internal polling shows there is support for a strike if contract talks with Chicago Public Schools break down. A new state law requires the union to get approval from 75 percent of its members before a strike, leading many to question if the union could muster support for a walkout.…

  • Fioretti: Not So Fast Rahm

    Mayor Rahm Emanuel’s plan to have five financing giants bankroll $1.7 billion in Chicago infrastructure projects ran into opposition Monday from aldermen concerned about “hidden fees” and long-term leasing of city assets. During closed-door briefings with aldermen, sources said Chief Financial Officer Lois Scott stuck to the script and talked only about the $225 million…

  • Illinois Teachers’ Pension Troubles

    It’s important to note that this fund do NOT include CPS teachers. Illinois public school teachers and retirees could have reason to worry about the kinds of pension checks they will be getting down the line.  … The Springfield State-Journal register reported over the weekend that pension director Dick Ingram sent a memo to his…

  • Clout Boosts Ex-Police Chief $30k per Year

    The Machine taking care of its own: At first blush, a pension bill adopted by the General Assembly in 2007 seemed to have a laudable goal: extending retirement benefits to local police force employees’ widows after they remarried. But buried within the legislation was something considerably less altruistic: a provision that enabled a member of…

  • WI Billboard: Truth to Power on Teachers’ Unions

    This is an idea I’ve discussed with CTU reps at a meeting one time.  CTU cannot represent “the children.”  The truth is that CTU, WEAC, and all other teacher’s unions have a fiduciary duty to the union members.  The union cannot do anything which would advance the interests of non-members (i.e. children) to the detriment of the…

  • McCarthy (Rahm) Shakes-up Police Brass (Not Really)

    This past week Rahm launched an ambitious plan to revitalize the city.  However in order to make that work, he must first prevent Chicago from becoming Gotham.  The post below talks about how the lack of enough police officers is causing a false reduction in the number of crimes being reported.  I personally think that…

  • Crime? What Crime?

    Crime is out of control.  It’s not reported because in this town No Report = No Crime.  And because we have so few police — who are constantly running from call to call — a LOT of crime is going unreported.  Sometimes you can call 911 and wait 30-40 seconds before someone answers the phone.  But when…

  • CPS Teacher’s Union Fights Everything

    Having absolutely no logic to defend their position: With a 90-day deadline on negotiations with the teachers union having passed, Chicago Public Schools can implement a teacher evaluation system that will see student performance count for 25 percent of an elementary school teacher’s assessment, a figure that will rise to 40 percent in five years.…