-- Connecting the dots between our economy, government and business --
Includes details of reactions from the rating agencies, which mostly shrugged it off.
Probably voted for eight years, too.
Cancer. Age 77. Abt has the title of largest single-store retailer of electronics and appliances in the country.
ExteNet Systems is a wireless-infrastructure company.
By: Mark Glennon* A Chicago trial judge, Rita Novak, today ruled that the pension reform law for two Chicago pensions is unconstitutional. Her full opinion is linked here. That ruling was entirely predictable and is a correct application of the Illinois Supreme Court’s ruling earlier this year invalidating SB-1, a pension reform law for state pensions. Like it or not, the supreme court said you can’t cut pension benefits. The reform law for Chicago’s pensions would have cut benefits. It’s that simple. It won’t be reversed on appeal. But Novak went much further, apparently rejecting an argument made by
Seriously, Rahm?
Comment: They city had the best with its former head, Steve Beitler.
Comment: We’ll get another important ruling today from an Illinois trial court on the pension reform bill for two Chicago pensions. The court might rule on the issue that’s really important — whether the city is liable on the direct obligation to pensioners if the funds run dry.
Illinois Tollway on Thursday gave the green light to $106 million in engineering contracts to rebuild the very busy Central Tri-State Tollway between Rosemont and the south suburbs, calling it a “major reconstruction project.”
Chicago’s perilous financial condition will improve temporarily, but get infinitely worse in the long-run if Mayor Rahm Emanuel’s plan to save two of four city employee pension funds goes down in flames today.
Since the lottery was established in 1974, nearly $18 billion has been allocated to education funding. In fact, annual contributions grew steadily between 2004 and 2013, from $570 million to $655.6 million.
Another pressure point in the Springfield stalemate was relieved Thursday when a federal judge ruled that payments owed to many Cook County health care providers who serve the poor must be made despite the absence of a state budget.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER