Is the governor preparing to push vouchers? – Illinois Education Association
Comment: Let’s hope so. If the IEA is nervous, it has to be good.
Comment: Let’s hope so. If the IEA is nervous, it has to be good.
“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.
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.
If a budget deal isn’t reached before then, the state will lose spending authority for a variety of important services, like public colleges and universities and grants for health and social services. These are areas the state’s ongoing budget impasse has already adversely affected.
Even if Mayor Rahm Emanuel manages to add nearly 1,000 cops in the next couple years, his promised surge of new hires would barely make up for the decline in the Chicago Police Department’s ranks on his watch.
A judge in Cook County has issued a temporary restraining order halting a labor board decision that would allow the state to implement its contract with the American Federation of State, County and Municipal Employees. The delay costs Illinois taxpayers over $1 million more each day in state-worker health coverage costs.
The city insisted on using a controversial and now-abolished test of upper-body strength that was being challenged in federal court for discriminating against women. Now, Chicago taxpayers are paying a $3.8 million price for that decision in the form of back pension payments for 13 of them.
“If pension debt keeps accumulating unchecked, the next wave of bankruptcy might extend beyond post-industrial regions in persistent decline and sweep up our mightiest urban centers as well.”
“We’ve said for more than a year on this page that the plan for the Democrats has always been gridlock.”
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.”
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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