More Bad News on the Pension Crisis

If I was Rahm I would so totally throw Daley under the bus on this issue. The debt from 10 Chicago-area pension plans swelled more than 600 percent to $27.4 billion between 2001 and 2010, according to a study released Monday by the nonpartisan Civic Federation....

Chicago Aldermen: White Collar Criminals

An analysis of pension fund documents for 21 aldermen who retired under the plan shows they are in line to receive nearly $58 million during their expected lifetimes, though contributions and assumed investment returns are predicted to cover just $19 million, or a...

IL, 3rd Worst for Business …again

Let’s first get some background on the winners: In Chief Executive’s eighth annual survey of CEO opinion of Best and Worst States in which to do business, Texas easily clinched the No. 1 rank, the eighth successive time it has done so. California earns the...

How Retirement Benefits May Sink Illinois

We’re national news again. …  Indiana’s debt for unfunded retiree health-care benefits, for example, amounts to just $81 per person. Neighboring Illinois’s accumulated obligations for the same benefit average $3,399 per person. Illinois is an...

Teaching (Indoctrinating) Chicago Students to Protest

Jones College Prep, a Chicago Public Schools “selective enrollment” school, held “Social Justice Week” in March, a collection of events geared towards turning students into activists. See the schedule of events here. According to a flyer on the school’s website:...