Big Mistake: New Chicago Treasurer to Divert Pension Money to Economic Development – WP Original

  By: Mark Glennon*   Let’s hope sincerity isn’t among the attributes of Chicago’s new Treasurer, at least when it comes to his action plan for city investments.   Kurt Summers was sworn in today as Treasurer and released a 90-day action plan that he described in a luncheon address at the City Club of Chicago. His comments are reported in a Sun-Times article linked here and the plan is linked here.   His plan contains a number of elements, but first on his list, and the one he emphasized most, is pushing both city treasury money and pension funds

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Elk Grove manufacturer opening new plant in Kenosha County, WI

The OEM Industries Division of FNA Group Inc., which manufactures pressure washers for home and industrial markets, is establishing a new manufacturing, distribution and research and development facility in Pleasant Prairie. The $3 million project expected to create more than 100 new jobs in Pleasant Prairie. Up to $700k in tax credits provided by Wisconsin. http://biztimes.com/article/20141201/BREAKINGNEWS/141209972

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Last Minute Rush To Change Freedom Of Information Act – WUIS

The plan, SB2799, makes it harder for people to get repaid legal costs when a government wrongfully denies access to public documents. At the same time, it makes it easier for governments to keep certain information off-limits. http://wuis.org/post/last-minute-rush-change-freedom-information-act

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Robert J. Samuelson: Properly measured, U.S. has 2d biggest welfare state – Washington Post

A new OECD study shows we have the world’s second-largest welfare state — just behind France. Direct government spending isn’t the only way that societies provide social services. We channel payments through private companies, encouraged, regulated and subsidized by government. This is what the United States does, notably with employer-provided health insurance (which is subsidized by government by not counting employer contributions as taxable income) and tax-favored retirement savings accounts.   When these are added to government’s direct payments, France remains at the top, but the United States vaults into second position with roughly 30 percent of its GDP spent

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The Trouble with Robbins – Chicago Magazine

Inept police, backroom deals, rampant blight: how the Chicago area’s most historic black town was laid low—and why it’s so hard to fix. http://www.chicagomag.com/Chicago-Magazine/December-2014/The-Trouble-with-Robbins/

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Illinois following Indiana’s playbook – Opinion – NWI Times

The decisive victory by Bruce Rauner over Pat Quinn in the battle for Illinois governor was influenced by the superior financial health of Indiana. The folks in Illinois are amazed and jealous that a major recent issue in Indiana was how much to reduce the state income tax. http://www.nwitimes.com/news/opinion/columnists/guest-columnists/allan-katz-illinois-following-indiana-s-playbook/article_f3ae98ff-a3d5-57cd-8ca4-cbda091f0d02.html

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