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Articles Archive for December 2008

Our Columns »

[30 Dec 2008 | No Comment | ]

One year ago, we thought the Dow Jones Industrial Average would finish 2008 at 15,000. Needless to say, the Dow is nowhere near this level and would need an unprecedented miracle to get there in the next few days.
Nonetheless, our model for valuing the broad US equity market continues to signal that “fair value” for the Dow is at or above 15,000.
Don’t take this as another forecast – given economic issues, the Dow is not likely to get to 15,000 anytime soon. What this model is saying is …

Local Media »

[29 Dec 2008 | No Comment | ]

Mulligan accused U.S. Rep. Jan Schakowsky, D-9th, favoring expansion of the airport in the past while now attempting to intervene on Park Ridge’s behalf.
Schakowsky recently sent a letter to representatives of the Federal Aviation Administrator and Chicago Department of Aviation expressing concern about the effect O’Hare’s new northern runway is having on residents and asking if anything could be done to reduce the number of planes from using it. She also asked that soundproofing funds for Roosevelt School in Park Ridge and Ebinger School in Chicago’s Edison Park community be …

Our Columns »

[29 Dec 2008 | No Comment | ]

Last week I wrote that Barack Obama will be regarded as a pol who stitches together two (sometimes more) contradictory views and conveys these impossibilities with profound, pseudo-thoughtful pauses.
Since then, we have had the priceless Caroline Kennedy interview with 310 “you knows” sprinkled through a statement in less than 10 minutes-sometimes with two “you knows” in a sentence. Next to her, Sarah Palin’s interview with Katie Couric…which liberals ridiculed…was like the famed Greek orator and statesman Demosthenes [384-322 B.C.]. It occurred to me that both Obama and Kennedy have one …

Local Media »

[29 Dec 2008 | One Comment | ]

Chicago Public Schools Chief Executive Officer, Arne Duncan, received his second sponsorship award from the Save A Life Foundation (SALF). The award is but a small token in recognition of Duncan’s faithful support over the years and modest display of SALF’s deep appreciation of Mr. Duncan’s commitment to saving lives.
Duncan was moved by SALF’s efforts to train 67,000 schoolchildren under his command stating, “I really appreciate the skills SALF is teaching the students Of Chicago.” Duncan holds SALF’s Founder and CEO, Carol Spizzirri in the highest regard,

From Blogs »

[29 Dec 2008 | One Comment | ]

Rep. Schakowsky is carrying a FY2009 earmark for another Chicago-area nonprofit: The Save A Life Foundation. Who are they?
According to this November 17, 2006, ABC7 Chicago (WLS-TV) expose by I-Team reporter Chuck Goudie, The Save A Life Foundation is not an organization that represents itself truthfully. The organization was founded by a woman who claims to be a nurse who specialized in kidney transplants. But the school she claims she received her degree from has no record of her receiving one and the hospital where she claimed …

From Blogs »

[29 Dec 2008 | No Comment | ]

The media is all atwitter over the decision of the Illinois House committee considering articles of impeachment against Gov. Rod Blagojevich to deny the request by Blagojevich’s attorneys to subpoena Obama aides Rahm Emanuel and Valerie Jarrett. The House decision comes at the request of U.S. Attorney Patrick Fitzgerald, who is concerned that the subpoenas may interfere in the criminal case against Blagojevich.
The media has it both right and wrong. Right, the House apparently made the decision not to issue subpoenas. Wrong, that Emanuel and Jarrett won’t have to testify …

From Blogs »

[29 Dec 2008 | 2 Comments | ]

State Senator Lou Lang (D-Skokie) on Genson’s request to call Emanuel and Jarrett as witnesses.
Genson is demanding the lawmakers subpoena Rahm Emanuel, Obama’s incoming chief of staff, as well as longtime adviser Valerie Jarrett, saying Blagojevich can’t get a fair impeachment hearing without them.
“This is a smoke screen,” said Lang, whose committee will meet again Monday. “He’s asking for subpoenas of witnesses he knows the U.S. attorney does not want us to have, and I, for one, am not going to allow him to turn this into a circus or …

Local Media »

[29 Dec 2008 | No Comment | ]

David Axelrod on Meet the Press
MR. GREGORY: Will the president-elect produce those notes and transcripts with staff interviews, as well as, perhaps, hold a press conference to answer any question associated with this?
MR. AXELROD: Well, obviously, he’s going to be holding press conferences, and you guys are free to ask whatever you want to ask. This is a–there, there’s nothing more, really, to release. The, the story is reflected in that, in that narrative, and I think that events moving forward will, will support that.
MR. GREGORY: So no to the …

Local Media »

[29 Dec 2008 | No Comment | ]

We have one such hero who did just that in the Plainfield region, Edward Hospital CEO Pam Davis. It was in 2003 when Davis alerted federal authorities that she was approached by a representative of the Illinois Health Facility Planning Board (IHFPB) with an illegal shakedown scheme that dictated the use of a specific contractor as the only way to gain state approval for building a hospital.

Local Media »

[27 Dec 2008 | No Comment | ]

A California venture has defaulted on a more than $87-million construction loan used to finance the redevelopment of the seven Illinois Tollway oases, a lender on the project disclosed last week.
The default is another black eye for Wilton Partners Tollway LLC, which has been plagued by controversy since its selection as rest-stop developer in 2002. Questions surfaced about contributions worth $85,000 to Gov. Rod Blagojevich and the firm’s agreement to lease space in the oases to restaurants owned by associates of Antoin “Tony” Rezko, a Blagojevich confidant convicted earlier this …