My Blog

Tag: Richard Daley

  • 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. That’s $8,993 for each man, woman and child in…

  • 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 third of that sum. The pension deal was inked more than two…

  • 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 dubious honor of being ranked dead last for the eighth…

  • 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 object lesson in why firms are starting to pay more attention to the long-term fiscal prospects of communities. Early last…

  • 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: Social Justice Week was created to promote community advancement through dialogue and community service based…

  • 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…