Teachers strike is over, but Lightfoot faces political fallout – Analysis – Chicago Sun-Times

Having boxed herself in with an education platform that reads like the CTU playbook, Lightfoot had no choice but to essentially give away the store to a teachers union that backed her opponent, County Board President Toni Preckwinkle.

In a desperate attempt to honor her “not-on-my-watch” promise to avoid a teachers strike, she quickly agreed to a 14% pay raise over five years, then upped the ante to 16%, matching the recommendation of an independent fact-finder.

The strategy violated Negotiations 101: When facing a difficult adversary, hold something back. Give yourself room to maneuver.

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Fight over real estate transfer tax could zap some city neighborhoods – Crain’s

Comment: With the higher transfer taxes not even approved yet, progressives are already proposing expanding the scope of the tax increase to homes valued at just $500k. “The plan from Rep. Will Guzzardi, D-Chicago, could spark a bit of a homeowners’ revolt on much of the North Side and other sections of the city where property values are relatively high. They could end up paying hundreds of dollars more in taxes on the sales of even rather ordinary houses and condominiums,” says Crain’s

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Another federal probe of Exelon: This time, it’s the SEC – Crain’s

Exelon disclosed that the agency notified the company on Oct. 22 of an investigation it had opened into Exelon and ComEd’s “lobbying activities,” according to the company’s quarterly filing today with the SEC.

The U.S. Attorney’s office in Chicago also is probing the lobbying practices of the two companies in Illinois. Exelon revealed in mid-July that it had received that subpoena.

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Chicago Fed Board Chairwoman Pramaggiore Steps Down Amid Probe of Former Employer – Wall Street Journal

The Chicago Fed said that Ms. Pramaggiore stepped down from her position on Oct. 25. Ms. Pramaggiore abruptly retired on Oct. 15 from her job as chief executive of the utilities unit of Exelon Corp., the largest operator of nuclear plants in the U.S., less than a week after the company said it had received a second grand-jury subpoena from federal prosecutors looking into its lobbying activities in Illinois.

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