Contrary to the Sun Times PR and our own Don Rose’s analysis, nothing about the pension reform bill that just passed in Springfield is good for the Democrats. While very modestly good for Illinois taxpayers, this bill marks a major shift in the relationship between Government Unions and the Illinois Democratic Party.
Just thumbing through Pat Quinns list of sponsors, the SEIU alone has donated over $4 Million to Pat Quinn’s political campaigns. This is the same SEIU that has now promised to sue the State of Illinois for not guaranteeing …
Just in case anyone has missed it, runaway Federal Spending has ground to a standstill, thanks to the 2010 Republican victories in Congress, and the ensuing 2013 sequester.
And, as no good deed goes unpunished, this gets Congress an 8% approval rating.
The next time you hear a ‘where is the adult in the room’ type of political whine, direct them to the the US House of Representatives, a model of sophisticated political will and execution, against all types of political pressures.
John Powers is the President of the Chicago Daily Observer
I was lucky enough to be invited to the Adlai Stevenson Center on Democracy for a presentation on the media this past Sunday at the Stevenson family farm in Mettawa, Illinois. Sen. Adlai Stevenson III and his wife Nancy were the gracious hosts. The Keynote Speaker was Torey Malatia, Chief Executive Officer and President of Chicago Public Radio (WBEZ) who made an intriguing presentation titled “The Consequences of the Media Information Hydrant: A Nation of Silent Spectators”
Malatia’s premise was that people don’t really participate much in politics anymore, because they …
Crain’s is running one of its vapid analysis of survey results, written by Greg Hinz (one of it’s most vapid analysts), claiming that downtown Chicago is sure a great place to do business, especially tech business.
tech-sector employers say that to attract talent, they need to cluster within that two-mile radius of City Hall, too
In which proximity to “City Hall” is something of a headscratcher. Do technology people really want to be closer to James Cappleman and Karen Yarborough for some reason?
Yet, Chicago does have it’s earnest businessmen and politicians putting …
From the New York Times
When MF Global toppled a year ago, chaos engulfed a Chicago trading floor. Customers were locked out of their accounts, later discovering that about $1 billion of their money had disappeared.
Federal authorities have all but cleared MF Global’s top executives of criminal wrongdoing, people briefed on the matter say. The government has yet to usher in a wider overhaul of futures trading rules, save for certain piecemeal policy changes. And the profit-making exchanges that rely on brokerage firms for business still police the futures industry, presenting …
After 8 quarters of steady decline, Government Spending has increased in the third quarter of 2012. Just in time for the election, the Federal Government is doing what it can to boost economic growth (of course, by borrowing money from the Chinese to pass out to political donors and potential voters)
From the St. Louis Fed
CNN has a surprisingly balanced story about the problems an Indiana based manufacturer is having with manufacturing an attic ventilation system. The solar-powered system relies on a panel which is made in China to power his device. The Obama administration, which had touted this manufacturer as a Green Energy company, now is slapping a 250% tariff/fine on his imported panels, to encourage US Made panels to be used.
Troubling news is that there are no available US panels, so the manufacturer is pulling his hair out on how to make a …