Illinois pension funds investing more in women-owned firms – Crain’s

“Pension fund officers suggest there’s a tension between fulfilling their fiduciary duty to seek top returns and meeting goals to hire women- and minority-owned firms. But others in the industry increasingly say there’s no trade-off between returns and policy.” Comment: This is not the place for affirmative action. Anybody who meets the very demanding qualifications for these positions is almost certainly already well-to-do; it’s just making the rich richer. Pensions should be managed to maximize returns.

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Ex-water rec. dist. cop taped using slurs sues to overturn firing – Sun-Times

Comment: This is the guy who gave us that priceless open mic recording in which he says, about the water district, “Nobody here really gives a fuck. Everybody here is sleeping. The engineers, everyone that’s here on midnights. They are all fucking sleeping somewhere.” If you haven’t listened to the tape, it’s linked in our earlier article and illustrates the mentality that reformers are up against. The real question is why he and those he describes haven’t been criminally prosecuted.

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U of I students chastise campus cops for finding stolen phone – CampusReform

Police officers entered the classroom of an African-American studies seminar in October to inquire about a stolen cell phone that had been tracked to the location, prompting the professor leading the course to exclaim after the fact that “lots of people on campus, lots of people of color, are scared.” The professor, Erik McDuffie, even compared the incident to the numerous shootings of African-American men across the country, stating that “the incident terrified me and it terrified my students.”

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The Joke is on Illinois Taxpayers: Dallas and IMRF Pensioner Savings Accounts Compared – WP Original

  By: Mark Glennon*   A crisis in the Dallas police and firefighter pension has captured national and international headlines thanks largely to a particular form of savings account offered to its members. Illinois’ second largest public pension, IMRF, also offers a particular form of savings account to its members. IMRF is not in crisis and its savings account is different, but the way it’s most different isn’t good for Illinois taxpayers.   The Dallas pension has experienced what you can think of as a standard “run on the bank.” It has all the usual problems with public pensions, but

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