Illinois Treasurer Will Punish Taxpayers, Blameless Shareholders and Employees for Wells Fargo Scandal – WP Original

  By: Mark Glennon*   Illinois Treasurer Michael Frerichs today announced suspension of all State of Illinois business with Wells Fargo.   A number of Wells Fargo employees — a huge number even by Wall Street scandal standards — recently were found to have fraudulently opened millions of phony bank and credit card accounts and charged fees on those accounts.   Is Frerichs punishing the guilty? No, he is punishing Illinois taxpayers, blameless shareholders and employees who’ve done nothing wrong.   The Illinois Treasurer is an administrative office. Its purpose is simply to invest state cash on hand in the

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Residents Worry Over Recent Violent Crime in North Side Neighborhood – NBC Chicago

Neighbors in a southern portion of Chicago’s Lake View neighborhood are concerned about a spike in violent crime and say they want to see something done about it. Police confirm the crimes, from gunpoint muggings to break-ins. “You expect a little crime in the city,” a resident said. “But the fact that it’s happening in the middle of the day, and so often, with no real police response, it’s very alarming.”

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Navy Pier makeover shrouded in secrecy – ChicagoNow

Officials at Illinois’ most popular tourist attraction are pushing the site’s largest renovation in decades. But are they taking taxpayers for a ride? It’s nearly impossible to find out, thanks to efforts by Navy Pier, Inc., or NPI, to prevent transparency at every turn.

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In swift push for body cameras, Chicago cut contracting corners – Chicago Reporter

The contract locks Chicago into using Taser International’s cloud storage software, Evidence.com, for at least five years. By then, CPD could be storing hundreds of thousands of hours of video, making it difficult to switch if the company were to raise the price or the department were to find cost savings in storing the videos on local servers. “What this means is you will forever be required to pay them for their service, from now till the end of time,” wrote Lee Richards, a sergeant with 10 years overseeing video evidence for the Kansas City, Missouri police department.

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Falling prices for ride-share services provide competition for CTA – Chicago Tribune

“These services are going to do to urban transit what UberX did to the taxi market — it’s going to overturn the apple cart,” said Ian Savage, a transportation expert at Northwestern University. UberX, which offers cheaper rides than cabs for individual passengers, helped cause a sharp decline in the taxi business. Comment: Make no mistake. Sharing services like Uber and Lyft are monumentally disruptive and are likely to change transportation radically all around the world.

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