State acquires Will County airfield as step toward 3rd airport – Tribune

$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.

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Corruption Watch: Clerk Dorothy Brown’s campaign paid her husband $90,000 – Open Illinois

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/

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PBGC Warns Some Pooled Pensions Are Beyond Recovery – NYT

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/

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Quinn’s IDOT chief resigns amid patronage questions – Chicago Tribune

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

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Illinois Jobs- Going up and down at the same time – Reboot Illinois

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

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Opinion: Chicago’s Manufacturing Institute and Benefit Corporations: Alligning Stakeholder Interests – Huffington Post

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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