Tag: The Machine
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Alderman Ervin’s Maywood ‘Drug House’
For Ald. Jason Ervin, who represents a large swath of Chicago’s troubled West Side, drug activity in the area hits particularly close to home. That’s because until recently, Ervin owned what police and others portray as a “drug house” in nearby Maywood. During the decade or so that Ervin owned the three-flat at 1600 W.…
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Feds Investigate Jesse Jackson Jr.
We all knew this was coming: Federal prosecutors and FBI agents in Washington have launched a new criminal investigation of Illinois Rep. Jesse Jackson, Jr. involving financial improprieties, including possible misuse of funds monitored by Congress, law enforcement sources tell NBC News.The probe prompted lawyers for Jackson to meet with federal prosecutors this week in…
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$2M in Unemployment to Inmates
More than 1,100 people have collected nearly $2 million in unemployment benefits while they were in county jails or state prisons, including $43,000 that went to a person in the Cook County Jail, a state agency said Tuesday. Now they may face state or federal criminal fraud charges as well as having to repay what…
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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 discussion in Chicago that he will relocate the company’s…
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Legislative Change Means $670 million More for Teachers’ Pensions
The state will have to come up with another $670 million for the teacher pension system in the next budget after a retirement fund panel crunched the numbers and adjusted its assumptions. The Teachers’ Retirement System lowered what it expects from investments from 8.5 percent to 8 percent. The pension fund’s leadership also increased a…
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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…
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Derrick Smith ‘I intend to fight these charges’
State Rep. Derrick Smith on Monday spoke publicly for the first time about his bribery case, saying he would not “cower” and vowing to fight the charge against him.Holding a prepared statement in front of him and talking in a shaky voice minutes after he pleaded not guilty to a federal court indictment, the West…
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lllinois Moves Toward Insolvency
We’re now making national news: After trying to tax Illinois to governmental solvency and economic dynamism, Pat Quinn, a Democrat who has been governor since 2009, now says “our rendezvous with reality has arrived.” … Illinois was more heavily taxed than the five contiguous states (Indiana, Kentucky, Missouri, Iowa, Wisconsin) even before January 2011, when…
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Derrick Smith Must Resign or Be Expelled — Dems Own It
The Democratic party was silent prior to the election of State Rep Derrick Smith on the issue of his resigning or getting off the ticket for allegedly accepting a $7000 cash bribe from an undercover FBI agent posing as a daycare center owner in exchange for a $50000 grant. The silence of the Democrats is…