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Articles Archive for March 2013

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[22 Mar 2013 | No Comment | ]

* There will be another post on yesterday’s House pension votes, but here’s my Sun-Times column…
What we have in Springfield right now is an epic legislative stalemate over an issue of absolute importance.
On one side we have the Senate president, John Cullerton, who says he wants to make sure that any pension reform legislation has […]

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[22 Mar 2013 | No Comment | ]

* Oy…
Illinois’ unemployment spiked for a second straight month in February, hitting 9.5 percent. But state officials say the increase is at least in part to increasing numbers of people who have started looking for work again.
The Illinois Department of Employment Security said the rate sharply rose to 9.5 percent in February from 9 percent […]

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[22 Mar 2013 | No Comment | ]

Real Clear Politics

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[22 Mar 2013 | One Comment | ]

Four years ago, on March 9, 2009, the House Financial Services Committee (chaired by Barney Frank, D-MA, now retired) announced a hearing to be held on March 12, 2009. The hearing was with representatives of FASB and the SEC and the topic of discussion was mark-to-market accounting (M2M), also known as “fair value” accounting.

 
 
Since that day, when investors realized M2M accounting would finally be changed, the S&P 500 is up 151% on a total return basis. In addition, the economy has experienced 13 consecutive quarters of positive real GDP growth.
Call …

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[21 Mar 2013 | No Comment | ]

* Well, that was quick…

BREAKING: William Beavers, guilty on all counts
— Suntimes (@Suntimes) March 21, 2013

* Sun-Times…
A federal jury convicted the Cook County Commissioner on all counts after deliberating for just a few hours.
Earlier Thursday, prosecutors blasted the former alderman as a tax cheat who “decided the rules shouldn’t apply to him.”
But Beavers’ defense team […]