From Illinois’ woes to the state of credit: Jamie Dimon lets loose – Crain’s

Jamie Dimon, CEO of JPMorgan Chase and former Chicagoan on our fiscal mess: “It’s a train coming down the tracks at 60 miles an hour, and it will be really bad if it’s not fixed. We know that, and we’ve seen this before. We’ve seen this with companies, we’ve seen it with Detroit, we’ve seen it with Puerto Rico. And, honestly, the sooner you act, the better. There’s no question in my mind that it will affect companies and individuals….”

Read More »

New front opens in soda-tax fight – Crain’s

Three members of the Cook County Board have opened a new front in the battle over the county’s controversial new tax on soda pop and other sweetened beverages, moving to limit board President Toni Preckwinkle’s ability to file civil lawsuits. The measure would require advance board approval of any civil suit filed by the president on behalf the county that seeks more than $500,000. The board also would have to be notified of any suit seeking more than $100,000.

Read More »