Day: April 28, 2016

Congress can solve Illinois’ pension crisis – Opinion – Chicago Tribune

One new idea that has not yet been proposed is for Congress to empower states to have the ability to reform their insolvent pension plans. Such legislation would pre-empt state laws that prohibit states from making necessary reforms. It would allow pension reform laws passed by state assemblies to take effect. Comment: This is monumentally important if true as a legal matter. If the pension crisis is important to you, read it.

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Illinois Rep. Jan Schakowsky bought off by the industry she’s supposed to be investigating – The Federalist

Rep. Jan Schakowsky, D-IL — handpicked for the committee by House Minority Leader, Nancy Pelosi — has a long history of running interference for abortionists and their allies. A history that includes plum consulting gigs for her felon husband and more than $89,000 in contributions to her campaign coffers. And a follow-up story in Weekly Standard linked here. Comment: We don’t cover social issues here. This is about graft. Question: Is this a House ethics violation?

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On information, the lifeblood of bloggers – Stump

Author Mary Pat Campbell is an actuary who writes about pensions. Comment: She’s absolutely right that readers want facts, not opinions. We see that here. Our most viewed article in the past year, for example, was on south suburban Chicago property tax rates. Most conventional news sources would reject it as far too long and too jammed with data. Wrong.

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Illinois farm fresh shrimp?

Talks are in the works to bring shrimp farming to Whiteside County. The New Mexico Shrimp Co has started to reach out to the Northwest Illinois region, and is looking for potential partners.

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Neighbors Bonds Weather Chicago Setback – The Bond Buyer

Spread fallout from Chicago’s latest pension and rating setbacks hasn’t trickled down to other local governments the way Chicago’s plunge to junk did last spring, Markit says in a new report. Comment: The silo mentality still prevails. Market hasn’t figured out yet that this is a consolidated, overlapping problem.

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