[ • 24 Aug 2016 • 5 Comments]
Speaker of the House Paul Ryan (R-Wisconsin) endorsed Ninth District Congressional Candidate Joan McCarthy Lasonde today, citing her commitment to helping society’s most vulnerable. “Joan believes in finding solutions to our nation’s problems, because she is results-oriented,” Ryan said. “She has worked within her community to help those who are struggling – to positively impact people’s lives. Her willingness to bridge differences and bring people together has made...

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[ • 23 Aug 2016 • No Comment]
I’ve been ranting about the need for genuine community policing  here and elsewhere as a major stride toward restoring trust between police and minority communities–which is one of the important steps we can take toward solving and even preventing crime in those neighborhoods. How can police expect the cooperation of local communities when they are feared as much or almost as much as the gangs? An article in the August 18 New York Review of Books by UN Ambassador Samantha Power titled...

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[ • 22 Aug 2016 • No Comment]
You know the economy is getting better when the pessimists’ theories on economic doom have been so wrong for so long they have to start recycling the old ones. Right after the crisis a wave of mortgage “re-sets” was supposed to cause a double dip recession. The idea was that many of the mortgages taken out in the housing boom, particularly interest-only mortgages, had to re-set at higher interest rates or require principal payments, which would eat up workers’ meager earnings,...

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[ • 20 Aug 2016 • No Comment ]
For the eighth consecutive year, the Music Box Theater plays host to the Noir City Festival beginning on Friday, August 19th and concluding on the Thursday, the 25th. You could not find a greater cesspool of venality, perversity and corruption unless you emptied the file cabinets at Chicago’s City Hall.   The opening night features “Miller’s Crossing” the Coen Brothers’ homage to Dashiell Hammett. A city  is divided by a power struggle between two Prohibition Era gangs and the machine...


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[ • 18 Aug 2016 • No Comment ]
As we await Donald Trump’s latest “sarcastic” grotesquerie and Hillary Clinton’s next “short circuit” (whatever that means) let us contemplate the ridiculous perversion of democracy that brought them to us: the scattershot process of nominating the major parties’ presidential candidates. States’ rights run amuck.    The variations from state to state include primary elections, caucuses, state conventions and sometimes a mix of caucus  and convention,...


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[ • 18 Aug 2016 • No Comment ]
Narratives matter. They affect political outcomes and influence investment decisions. Narratives serve a purpose, but in serving that purpose they are often highly misleading, especially when they are invented to cover up a mistake, or to convince people to vote a certain way. These days, there are three main narratives impacting investors. Narrative #1 says that Wall Street caused the Great Recession of 2008/09 and that government saved the economy, and recoveries are always slow after financial...


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[ • 10 Aug 2016 • One Comment ]
The past couple of weeks have been so bad for Donald Trump that he was forced to try a drastic new gimmick: tell the truth and admit error–the first time he has resorted to such a radical campaign  tactic. For days he was spouting in great detail about seeing a “secret” video of a cargo plane landing in Iran carrying $400 million cash and Iranians unloading the precious loot,  allegedly ransom for releasing  American hostages. His own campaign aides denied its existence, but...


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[ • 8 Aug 2016 • No Comment ]
Worrying over whether someone is a real Republican is hardly a new issue for the GOP in a Democratic-dominated city where some wards are nearly devoid of Republican voters, let alone anyone who can occupy a leadership role. Accordingly, committeemen spots have long been sought by opportunistic converts of questionable loyalty. But Christopher Cleveland, chairman of the Chicago Republican Party, said concern was heightened after the Democratic-controlled Legislature in one of its last acts under Gov....


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[ • 3 Aug 2016 • No Comment ]
The US Government paid $400 Million to Iran, which released US Prisoners at the same time the payment was received.  Here is some actual reporting via the WSJ and HotAir On the morning of Jan. 17, Iran released the four Americans: Three of them boarded a Swiss Air Force jet and flew off to Geneva, with the fourth returning to the U.S. on his own. In return, the U.S. freed seven Iranian citizens and dropped extradition requests for 14 others. U.S. and European officials wouldn’t disclose exactly...


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