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[31 Jan 2011 | 3 Comments | ]

The Illinois pension fiasco continues to plague the state with embarrassment and near-fatal fiscal consequences. Late Monday, January 24, Governor Quinn confirmed that the Illinois State Pension System and state officials connected with it are subject to an SEC investigation.  According to Moody’s Investor Service, the pension system is funded to only approximately 50% of the $136-billion liability.  Even that shortfall is likely understated; it is believed to be closer to $150 billion.  Furthermore, Moody’s states that the underfunding is among the worst of states, resulting from frequently skipping contributions …

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[31 Jan 2011 | No Comment | ]

The National Review

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[31 Jan 2011 | No Comment | ]

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Bears vice president Tim McCaskey died Sunday after a 17-month battle with cancer, the team announced.

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[31 Jan 2011 | No Comment | ]

With all the national and international disturbing news going on right now, commentators have been raising the memories of the 1970s decade with Jimmy Carter as President, gasoline shortages, high unemployment rates, inflation in the double digits and now Iranian-like…

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[31 Jan 2011 | No Comment | ]

* The Pantagraph editorializes in favor of small budget cuts like this one…
Meanwhile, the idea of going from two license plates to one, another action that should be easy, is met with hemming and hawing.
When this issue has been raised previousl…

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[31 Jan 2011 | No Comment | ]

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A fiery exchange occurred Sunday between mayoral candidates Carol Moseley Braun and Patricia…

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[31 Jan 2011 | No Comment | ]

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With his shock of blonde hair, year-round suntan and inexhaustible supply of…

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[31 Jan 2011 | No Comment | ]

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let’s put it to the test.

Gery Chico seems to have decided that the breakthrough issue for his…

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[31 Jan 2011 | No Comment | ]

Less than a week after the Illinois Supreme Court allowed Rahm Emanuel to be a native son of Chicago, the Chicago Sun Times editorial board applied the oils to the brow of Rahm and here’s why.As we see it, only two of the six candidates for mayor, Eman…