Now, we have the last 10 of the Englewood Railway Coalition.
Chicago Sun Times: Rahm scrambles to salvage CPS bond deal
Ka-ching!
The mayor is manic.
In a desperate attempt to salvage the huge Chicago Public Schools bond deal, which was postponed last week in an attempt to ease massive school debt, Sneed is told MayorRahm Emanuel is begging large bond investors to come back to the table.
Chicago Sun Times: Getting railroaded in Englewood
The holdout property owner has long been an American icon, whether it’s the little old lady who forces developers to build their skyscraper around her house or the rancher who refuses to sell to “the government.”
Points and Figures: Time To Restructure
Puerto Rico is bankrupt. But, so is Illinois. So is Chicago. So is just about every city, town and county in Illinois. So is NY. So is NJ. So is Kentucky. So is California. If governments across the nation did an honest actuarial accounting of their liabilities, along with their ability to pay them, a majority of them would be bankrupt.
Pundit Glenn Beck has been scaring his listeners with the thought of “Great Depression times 100”. In San Francisco and New York, they are going to allow public urination. Is it any wonder people like Socialist Barry Sanders and businessman Donald Trump are doing well with pollsters?
One of the things that should make people very optimistic about the future is the technological innovation that we are starting to see daily. The way we live life will be changed dramatically in the next twenty years. It will be easier. But, instead of being optimistic people are fearful of innovation.
WJPF: IL Fiscal State “Staggering”
It’s more than just a coincidence that people are leaving the state as Illinois’ unfunded liability continues to grow. That’s according to the group Truth In Accounting.
Moody’s Investors Service issued a short report this week that says Illinois backlog of unpaid bills totalling $6.6 billion as of the end the 2015 calendar year is a clear indicator of weak liquidity and governance.
Bill Bergman, director of research for the budget transparency group Truth In Accounting, says things are much worse that that and it has impacts on the state’s economy and services for taxpayers.
NBC Chicago: Obama to Address Springfield on Anniversary of Presidential Announcement
President Barack Obama will come to Springfield next month to speak to the Illinois General Assembly on the anniversary of the day he first announced his candidacy for president.
Multiple sources confirmed Obama is scheduled to make an address on Feb. 10.
“Nine years after he announced his candidacy for President, Barack Obama will return to the place where his political career began by traveling to Springfield, Illinois,” a White House official said in a statement.