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While attending Medill, James Foley worked as a language arts teacher at the Cook County Sheriff’s boot camp program. God bless Mr. Foley and his family. Our deepest gratitude for journalists with such courage. via Islamic State claims beheading of American journalist – Chicago Tribune.
*Tia Goss Sawhney, DrPH, FSA, MAAA* This article is in response to a recent article in the Forest Park Review, Police and fire pensions in the healthy zone, BGA report: Relative to neighbors, Forest Park funding above average [1] and the rebuttal article in WirePoints, Bad Pensions Meet Bad Journalism: An Example and a Lesson [2]. With one minor exception, discussed below, the WirePoints article presented a good analysis of the health of Forest Park’s pensions using the information readily available to the public. Unfortunately the information readily available to the public is limited with respect to both
Among Chicago-area counties, only Kane and Will counties showed a higher share of investor purchases than in 2013’s second quarter. In Cook County, activity by institutional investors plummeted to only 4.4 percent of sales, compared with 9.4 percent during the first quarter and 9.6 percent during 2013’s second quarter. via Institutional investors losing interest in the Chicago-area housing – Chicago Tribune.
via More billionaires born in Chicago than anywhere in U.S. except New York – redeyechicago.com.
Gov. Pat Quinn signed into law a bill that gives local government bodies the power to vote themselves out of business. House Bill 5785 gives local boards the ability to either consolidate, annex or dissolve following a majority vote of that entity’s board. http://www.huffingtonpost.com/matthew-dietrich/illinois-government-conso_b_5692054.html
http://www.rebootillinois.com/2014/08/19/editors-picks/kevin-hoffmanrebootillinois-com/illinois-towns-worst-underfunded-police-fire-pension-systems/22729/?utm_medium=social&utm_content=@mdoubekrebootil&utm_source=twitter
The head of the American Federation of Teachers says the national union is ready to spend $1 million to help Karen Lewis unseat Mayor Rahm Emanuel. http://politics.suntimes.com/article/chicago/aft-boss-we’d-put-1-million-karen-lewis-mayoral-campaign/tue-08192014-1236pm#bmb=1
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In addition, in Illinois between 1992 and 2009 there was a 14% increase in students, and a 27%, or almost double, increase in educational staffing. http://m.cnsnews.com/news/article/zoey-dimauro/study-half-all-school-employees-not-teachers-130-increase-1970?utm_source=Facebook&utm_medium=NewsBusters&utm_term=Facebook&utm_campaign=N-school-teachers
Illinois in the mid-range in terms of buying power. http://taxfoundation.org/blog/real-value-100-each-state?utm_content=buffer1ec3d&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
By: Mark Glennon* Last week we detailed a list of errors and omissions in a story about the Village of Forest Park’s police and fire pensions. Despite unfunded liabilities of 58% and 66%, their local paper somehow thought they were “in the healthy zone.” Not to be outdone, The Telegraph, which serves several downstate counties, this week tackled pension issues for Alton, an Illinois city with about 28,000 people on the Mississippi. The article seems to tell us that it’s mostly just coming changes in accounting standards for pensions that could cause problems for the city, even though
From high powered military grade rifles to combat helicopters, law enforcement agencies statewide are cashing in on a federal program that provides battle-ready equipment to agencies in your backyard. http://abc7chicago.com/news/widespread-militarization-of-illinois-police-forces-uncovered-by-i-team/259740/
http://www.myfoxchicago.com/story/26282081/illinois-unemployment-rate-falls-again-in-july
Community Health Systems operates nine hospitals in Illinois, including three in the Chicago area. http://www.nbcchicago.com/news/local/Community-Health-Systems-Data-Breach-Chicago-Patients-271687991.html
Several local companies draw on Chicago’s strengths in electronics design and manufacturing, wireless communications and mapping that position the city well for a key role in the development of the self-driving car. http://www.chicagobusiness.com/article/20140816/ISSUE01/308169983/chicago-hitches-a-ride-on-the-connected-car#
Illinois Commerce Commission officials want to determine how to meet tougher federal limits on greenhouse gases. http://northernpublicradio.org/post/illinois-pollution-hearings-begin
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The analysis of disability services in all 50 states and the District of Columbia being released Thursday by United Cerebral Palsy finds top performers spanning the map. Arizona claimed the number one slot in the ranking for the third year in a row. The report flags Arkansas, Illinois, Texas and Mississippi for repeatedly coming in at or near the bottom of the list. Ranking Names Best States For Disability Services
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