Priceless: lllinois’ new five-year economic plan ignores cost – WirePoints Original
Don’t ask the Quinn administration for the price of its new five-year economic plan for Illinois. They don’t have it.
Don’t ask the Quinn administration for the price of its new five-year economic plan for Illinois. They don’t have it.
$34 million to acquire a private airfield in Will County that occupies a small part of the almost 6,000-acre footprint that is envisioned as the first phase of a large commercial airport. Airlines continue to say they don’t want it. via State acquires Will County airfield as step toward long-sought 3rd airport – chicagotribune.com.
“STEM”: science, technology, engineering and math — the fields collectively known as STEM — requiring at least a bachelor’s degree. via STEM job market mixed in Chicago, study shows – chicagotribune.com.
Effective only for this November’s election, Quinn dismissed critics who say the bill is aimed at driving Democrat voters to the polls. via Quinn to sign same-day voter registration bill – chicagotribune.com.
http://www.cnbc.com/id/101800979#. A study by Swiss Re concluded a tornado like the one that hit Moore OK in 2013 would inflict $20 billion of property losses on Chicagoland.
Not mentioned here: In the case of Springfield, their intervention consists of unfunded mandates binding on cities, as we explained here and here. http://www.usatoday.com/story/money/2014/07/01/stateline-city-state-finances/11907133/
The NYT’s take on the possible ‘reversion’ by Walgreens — moving out of the US for tax reasons.
http://ilnews.org/2464/was-quinns-capitol-renovation-veto-a-phony-cut/#.U7Myrah2cy6
Before he was paid more than $146,000 for work on Gov. Pat Quinn’s scandal-plagued anti-violence initiative, Benton Cook III says he spent four years as a “media production director” for political candidates. His biggest client, as it turns out, was his wife, Cook County Circuit Court Clerk Dorothy Brown, records show. http://openillinois.org/corruption-watch-clerk-dorothy-browns-campaign-paid-her-husband-90000/
Days after being accused in a lawsuit of working together to defraud investors, Harvey and its comptroller have split – with each offering a different explanation of what happened. http://openillinois.org/corruption-watch-harvey-comptroller-part-ways-after-fraud-lawsuit/
More than a million people risk losing their federally insured pensions in just a few years despite recent stock market gains and a strengthening economy, a new government study said on Monday. Comment: This is about a national issue for private company pensions, not public pensions, but it’s a reminder that defined benefit pensions are poison. The PBGC is a federal insurer for private pensions and it, too, faces insolvency under the stress. http://mobile.nytimes.com/blogs/dealbook/2014/06/30/u-s-pension-insurer-issues-dire-warning-on-pooled-plans/
http://www.dailyherald.com/article/20140701/news/140709905/
Quinn was patronage chief for convicted former governor Dan Walker, so we shouldn’t be surprised with his response: “Well, I read that in the paper,” Quinn said. “I wasn’t happy to read it. And, ah, things happen. And I wanted to make sure that when I read about that, it was looked into and we’ve acted accordingly.” http://www.chicagotribune.com/news/politics/clout/chi-quinns-idot-chief-resigns-amid-patronage-questions-20140630,0,499249.story?track=rss
How’s the Illinois labor market doing? For the last six months, it depends on where you look. For the last three years, however, if you average two conflicting measures, Illinois has only recovered about one-fourth of the heavy job losses that arose from 2007 to 2010. http://www.rebootillinois.com/2014/06/30/editors-picks/bbergman/illinois-jobs-going-time/19480/?utm_source=email&utm_medium=email&utm_campaign=dailytip_20140630
“That Durkin was so persistent in advocating on behalf of the interests of his constituents and Illinoisans across the state is a true testament to what is meant when people refer to elected officials as public servants.” via State Rep. Durkin’s advocacy helps lead to historic ruling in ….
Chicago’s digital manufacturing institute aims to build the next gen factory for U.S. manufacturing. The idea behind these national manufacturing institutes is to aggregate money and resources to shorten the time and cost to bring advanced research to market. http://www.huffingtonpost.com/christine-c-franklin/chicagos-manufacturing-in_b_5544908.html?utm_hp_ref=chicago&ir=Chicago

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