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“We cannot — we will not — comply with this unjust law,” Kansas City-Kansas Archbishop Joseph Naumann wrote in his letter to Sunday Mass congregations about the Obama administration’s health care mandate. “Our parents and grandparents did not come to these shores to help build America’s cities and towns, its infrastructure and institutions, its enterprise and culture, only to have their posterity stripped of their God-given rights.”
They are strong words that he does...Read the full story »
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Politically connected Chicago real estate investor Allison Davis has sued five Chicago-area public employee retirement funds that are trying to dump his firm as the manager of $67 million of their money.
The lawsuit comes almost three years after a nephew of former Mayor Richard M. Daley, Robert Vanecko, quit as a general partner of the Davis fund, which had become the subject of federal and city probes examining how it got the pension money.
The complaint alleges that the five pension...Read the full story »
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As people leave the workforce, the Unemployment Rate has dropped
From the Financial Times
In the grey line, Nomura economists have adjusted the unemployment rate for the number of discouraged workers who have left the labor force and therefore count as unemployed in this alternative measure. (And yes, they do take into account demographic trends by age group that would influence those leaving, the largest of which is retiring baby boomers. So the right way to understand the alternative 10.3 per cent...Read the full story »
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The 2015 Chicago mayoral and aldermanic elections are a mere 37 months – or about 1,125 days – away. But a smart and ambitious politician does not let the proverbial grass grow under his or her feet.
Catalyzed by the city council’s ward redraw, which passed with 41 votes on Jan. 19, aldermanic contests are underway in many wards, and one displaced alderman is poised to run against Mayor Rahm Emanuel.
In the 38th Ward, Alderman Tim Cullerton (38th) will face a tough 2015 challenge...Read the full story »
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On Chicago’s South Side, there is an environmental activist named Naomi Davis who preaches the gospel of “Grannynomics” to the African-American community.
Based on the lifestyle of Davis’s grandmother — the wife of a Mississippi sharecropper — Grannynomics teaches adherents to grow their own food and generate the energy for their homes. It’s a localist movement designed to appeal to a community that is suffering due to an educational system that doesn’t serve them, anti-drug...Read the full story »
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Last week the state of Indiana became the first of the so called rust belt states to pass “Right to work” legislation and it looks as though Governor Daniels will sign it soon. Yes Republican Governors and legislators have gone on attack against unions; because the unions have openly declared war on the Republican Party. I want to point out that 40% of union members vote Republican and if the GOP plays it’s cards right they could and should break the skilled trades away from the labor movement...Read the full story »