My Blog

Tag: Rahm

  • More Bankruptcy Coming (to a city near you)

    The top 10 biggest U.S. cities on the brink of pension bankruptcy. #1 Philadelphia – Unfunded liability of $9 billion, $16,696 per household, only 1 year before the pension accounts are empty #2 Chicago – Unfunded liability of $44.8 billion, $41.966 per household, money runs out in 4 years #3 Boston – Unfunded liability of…

  • Da Mare’s Private Road to McCormick Place

    A $43 million busway built to whisk conventioneers between downtown hotels and McCormick Place has turned into “the mayor’s road” and should be opened to taxicabs in exchange for a surcharge, Ald. Robert Fioretti, 2nd said Monday. Fioretti suggested turning the 2.5-mile busway into a money-maker after Chicago Sun-Times columnist Neil Steinberg lifted the veil…

  • Chicago’s Felons with Guns Go Free

    Do you know where Chicago ranks in terms of enforcement of the federal gun laws? Out of 90 jurisdictions in the country, they ranked 90th. Why doesn’t NBC News start with, “Shocking news on Chicago. Of all the jurisdictions in the country, Chicago’s dead last on enforcement of the federal gun laws?” Why doesn’t the…

  • Moody’s Downgrades Chicago’s Motor Fuel Debt

    Moody’s Investors Service has downgraded to A3 from Aa3 the rating on the City of Chicago’s (IL) $181 million of outstanding rated motor fuel tax debt. The outlook has been revised to negative. via Moody’s. Surprises no one.  Barely qualifies as news actually. The City’s broke.  Unemployment (real unemployment, the U6 number) is out of…

  • Widespread Violence on the CTA

    With almost 20,000 CTA bus trips a day, tempers sometimes flare on a few of them. Regular users of the CTA know what an obstacle course it can be. On the CTA’s 1,200 rail cars, riders are often met with a variety of frightening encounters- from armed robbers and cell phone thieves to fist fights…

  • Red-Light Camera Co.’s Chicago Corruption

    The chairman of the Australian company behind Chicago’s red-light program resigned this week and trading in the company’s stock was suspended amid an intensifying investigation into allegations of corruption in its Chicago contract. Redflex Holdings Ltd. announced the extraordinary actions just days after board members were briefed by an outside legal team hired to examine…

  • Texas Sen. Ted Cruz Writes a Letter

    Letter from Senator Ted Cruz to Chicago Mayor Rahm Emanuel, Bank of America, TD Bank Group Putting folks in their place.

  • Crain’s Propaganda on Illinois vs. Indiana

    My comment on a brainless story: Since when is Crain’s the new PR mouthpiece for Quinn and Rahm? Except for the graphic this piece is nearly 100% opinion. So Indiana spent $300k on a campaign and got 20 or so companies to move. Those companies may provide several millions worth of tax base; yielding a…

  • Felons with Guns Go Free

    Bail was set at $150,000 today on weapons-related charges for a Brighton Park man already on parole in an attempted murder case after beat officers saw him firing a gun near his home this week. Edgar Jasso, 29, faces charges of unlawful use of a weapon by a felon and reckless discharge of a firearm,…

  • Milwaukee Sheriff’s Says Arm Yourself

    Milwaukee County Sheriff David A. Clarke Jr. set off alarm bells Friday with a radio spot some view as a call for citizens to arm themselves. In the radio ad, Clarke tells residents personal safety isn’t a spectator sport anymore, and that “I need you in the game.” “With officers laid off and furloughed, simply…