[ • 30 Nov 2016 • No Comment]
Full text of the bill is linked here. Note pages 17-18 and 44-45. They provide for city contributions to the Municipal and Laborers’ pensions to more than double over the next five years and thereafter to a whatever-it-takes ARC-like amount. And if the city fails to make those contributions the pensions can force the Illinois Comptroller to deduct what’s due out of payments that flow from the state to the city. In other words, contributions will go up to whatever is necessary to pay the...

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[ • 29 Nov 2016 • One Comment]
Donald Trump continues to agonize over how much pain he can cause with his cabinet appointments and whom he plans to hurt the most.  It’s clear from his nominee for Secretary of Education, billionaire  Betsy DeVos, that he is for privatizing public education–and dismembering or  eliminating teachers unions. One weird call was picking neurosurgeon Ben Carson for Housing and Urban Development, who recently admitted he has no earthly idea how to run a government bureaucracy. Carson’s...

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[ • 29 Nov 2016 • No Comment]
From Reuters The one-of-its-kind, bill-payment program seeks to avert the nightmare scenario for a state in the worst financial shape in the country: a shutdown of essential services such as employee health insurance, a disruption of prison food supplies or mothballing of state trooper cars in need of fuel and maintenance. But it comes at a heavy cost with unlimited late-payment fees now approaching 20 percent in some cases for Illinois’ cash-strapped government, whose general obligation (GO)...

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[ • 28 Nov 2016 • No Comment ]
Donald Trump told us he was going to “drain the swamp.” What he didn’t say was that he was going to set loose all its muck-laden alligators on the country–and the world. At this writing he has appointed three top White House aides who don’t require confirmation by the Senate and two cabinet-level positions that require confirmation but are certain to be OK’d, although the Democratic minority may give them a hard time. With the exception of Reince Priebus, his...


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[ • 26 Nov 2016 • 4 Comments ]
Fidel Castro died on November 25, 2016. He ruled the tiny island of Cuba with an iron fist for half a century, then retired in favor of his brother, Raul, known as the enforcer, when health problems finally weakened him. There are many ways for a head of state to die.  He may die of natural causes while in office or after retirement, like most American presidents.  He may be assassinated unjustly, like Louis XVI and Czar Nicholas II.  He may be overthrown, and tried and executed for his...


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[ • 18 Nov 2016 • No Comment ]
Elections have consequences and the impact on U.S. economic policy of last week’s election will be enormous. We’re sure we’ll be writing about all of these issues in much greater depth over the next several months, but, for now, here’s a broad outline of what to expect. One of the Republicans’ first tasks will be repealing much (but not all) of the Affordable Care Act, also known as Obamacare. To get that done, they will use the budget reconciliation process in the US...


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[ • 16 Nov 2016 • No Comment ]
(Brietbart Columnist) Shapiro informs security that he has RSVPed as a speaker, as an audience member and as a security member. He is then directed to some 30 security guards, though no protesters are in sight. He was denied entry. “I’m wondering why is it so necessary to keep me personally out?” asks Shapiro. “The bottom line is, it’s private property,” says a security guard, informing Shapiro that he will be arrested if he takes three more steps forward...


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[ • 15 Nov 2016 • No Comment ]
From the Wall St. Journal Michael Scott: “This is an environment of welcoming and you should just get the hell out of here.”—from “Diversity Day,” aired March 29, 2005 “We have worked for years cultivating a culture of support and inclusiveness. . . . If you do not agree with this statement then please reply to this email with your resignation because you have no place here.”—message to employees from GrubHub CEO Matt Maloney, Nov. 10, 2016 From Wirepoints I’d say GrubHub...


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[ • 14 Nov 2016 • 2 Comments ]
Even a fine béarnaise sauce cannot disguise the sickening taste of the crow I’ve been eating. I add my own culpa to those on the long list of pundits, pollsters and political mavens who got the important half wrong: the electoral vote. It’s small solace to win the popular vote. This election will be studied for generations–especially FBI Director James Comey’s unprecedented actions– but likely no single answer will be found as to why so many got it so wrong, although...


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