The state is cutting interest rates on student loans. Can we afford it? – Crain’s

The program, created under the Student Investment Account Act passed in August 2019, is designed to supplement federal and state programs, and also to target Black and Brown communities as well as low-income and first-generation students. The law will let the treasurer invest up to 5 percent of the $16 billion state investment portfolio that he says can’t be used for purposes other than investments anyway.

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Southern Illinois businesses attempt to bounce back from pandemic economy – The Southern Illinoisan (Carbondale)

“One of the other things I’ve been encouraged by is kind of a side effect to all of this,” said Paul Bradley, the office manager of HQ & Company in Marion, a salon and spa owned by his husband. “I’ve seen a resurgence of consumers with regard to that buy local/shop local … because the small businesses are the ones getting hurt the most by all of this.”

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Chicago Police Release Video of Clash With Protesters on Michigan Avenue – WTTW (Chicago)

According to police, the video shows “the initial incident that sparked yesterday’s violence and arrests, as well as the aggravated battery against a CPD officer with a skateboard.” But activist Ja’Mal Green Sunday called for the police superintednent’s resignation, asking Mayor Lori Lightfoot to “appoint someone that understands the city and the landscape of protests.”

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This Jew Stands With John Kass Against Anti-Semitic Hit – RealClear Politics

“Neither Kass nor Cannon, however, gets to the heart of why the July 22 column is not anti-Semitic: criticizing a person for actions that have nothing to do with being Jewish – without attacking the person for being Jewish or connected to Jews, and without attacking Jews as a group – is not anti-Semitism. Funding election campaigns to change public policy has nothing to do with being Jewish.”

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Municipal group looking to extend ramp for Illinois’ local public safety pension payments – Center Square

In Springfield, Alderman Joe McMenamin said it might not be popular, but officials need to rework union contracts to address benefit costs, something he said pushing the pension ramp out ten years won’t solve. “We’re in an absolute mess on pension financing…It’s almost like we’ve waited too long to properly fix the problem. We’ll kick the can down, kick the can again.”

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Bloomingdale’s And Macy’s Seek Consolidations And Closures Regarding Their Chicago City Locations – Forbes

The Magnificent Mile once touted itself as “fashionable, convenient, scenic, and open to enjoyment.” But that image has been challenged. Between COVID-19 and episodes of social unrest, it seems certain that the changes and challenges that are occurring at Macy’s and Bloomingdale’s will not be the last to occur within Chicago’s Magnificient Mile district.

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Opinion: Chicago prosecutor Kim Foxx is soft on criminals, fails to do her job — crime soars – FOX News

John Catanzara, president of the Fraternal Order of Police in Chicago: “Foxx blames systemic racism and other ills for the increase in crime — but if she wants to find a major reason for the recent surge in the crime rate and rioting, all she has to do is look in the mirror. When she keep dropping charges against criminals she invites more crime.”

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