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[ • 14 Jul 2015 • No Comment ]
Since everyone else is sounding off on the Republican presidential candidate with the weird hairdo, I might as well join the scrum. (Unfortunately, I share a first name with him, which was bad enough with Rumsfeld–much better with Duck.) What I keep hearing are echoes of a couple of candidates long past: George Wallace and Richard Nixon. The late Alabama governor ran for president three times, twice in Democratic primaries and once in an independent party–but always with the same essential...


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[ • 11 Jul 2015 • No Comment ]
On the one hand, here’s Secretary of Education Arne Duncan, numbering the days for lawmakers can send their children to private schools “The days in which lawmakers support schools that are somehow good enough for someone else’s children, but not for their own – those days must be over.” On the other hand, here’s Secretary of Education Arne Duncan, sending his own children to University of Chicago Lab School After more than six years living just outside Washington, D.C.,...


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[ • 10 Jul 2015 • No Comment ]
Allstate does not hold any general-obligation bonds of Illinois, where the insurer is based, as politicians haggle over a budget for the fiscal year that started July 1, CEO Thomas Wilson said. “If you don’t like the income statement, the balance sheet or the governance, why would you loan them money just because they never defaulted before?” Wilson said yesterday at Bloomberg’s New York headquarters. “We have a philosophy that we’re not trying to take credit risk in the...


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[ • 10 Jul 2015 • No Comment ]
Big government programs nurture big business and crony capitalism. Obamacare set off a wave of mergers and proposed mergers in the insurance business, hospitals and other medical professions. Will bigger be better for medical care? Massive federal regulatory legislation after the banking crisis of the Great Recession has perversely made banks too big to fail only bigger. Mortgage-lending standards, the original sin of the housing collapse, are headed lower again. President Barack Obama, by virtue...


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[ • 8 Jul 2015 • 2 Comments ]
Political insider Antoin “Tony” Rezko was released from federal prison in downstate Pekin on Tuesday and transferred to a halfway house in the Chicago area, authorities said. Rezko was sentenced to 10 1/2 years for extorting millions of dollars from firms seeking state business or regulatory approval while he was a top fundraiser and adviser to then-Gov. Rod Blagojevich. He was furloughed Tuesday morning, according to Ed Ross, a spokesman for the Federal Bureau of Prisons. Read more...


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[ • 7 Jul 2015 • No Comment ]
It turns out, where Puerto Ricans are concerned, there’s added reason for suspicion. Puerto Ricans’ identities are especially valuable, because they’re U.S. citizens — with Social Security numbers — and Spanish names. In a federal case against an alleged Puerto Rican identity trafficking ring, law enforcement agents found that a set that included a birth certificate and Social Security card could fetch up to $2,500 on the black market. With that, an undocumented immigrant from...


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