Lightfoot court brief: City OK to crack down on anti-lockdown protests, but not BLM, because BLM marches much bigger – Cook County Record

Plaintiffs specifically charge Pritzker and Lightfoot breached the state constitution by prohibiting large gatherings. They noted Lightfoot threatened police action against those in Chicago who assemble in large groups. However, when tens of thousands of people took to the streets this summer in support of the Black Lives Matter movement, not only did Lightfoot not express concerns about the spread of the virus from the protests, she encouraged them, according to the suit.

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Editorial: No more bad police raids in Chicago. None. – Chicago Tribune*

“(Former federal Judge Ann Claire) Williams’ work may have value, but it’s not the investigation Chicago requires: The city inspector general’s office exists to do the independent watchdog work required to hold the city and its police force accountable. Whatever work Judge Williams does, she was asked by Lightfoot to do it, which makes her answerable to the mayor.”

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Column: 7 State and Local Fiscal Lessons from a Year Like No Other – Governing

“A deficit-burdened Uncle Sam cannot forever come to the rescue. Putting aside this year’s partisan bickering about the worthiness of states and localities for federal COVID relief funds, it’s now obvious that old-school self-reliance and fiscal sobriety about business cycles and unforeseen emergencies must become the foundation of the entire intergovernmental fiscal scheme.”

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Illinois businesses prepare another minimum wage increase – Center Square

“In the Quad Cities, businesses have already been hit hard by COVID-19 mitigations. Asking our Illinois small businesses to take on a third minimum wage increase in a year, especially as they continue to navigate an economy dampened by COVID-19, forces them into an unfeasible no-win situation,” Chamber President and CEO Paul Rumler said.

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Here’s Why Chicago’s Gun Violence In 2020 Is Probably Not A Sign Of Things To Come – WBEZ (Chicago)

Andrew Papachristos, professor of sociology at Northwestern University, said historically, “homicide and violence in the US peaks when especially young men and disenfranchised individuals are cynical [of] the government….When people don’t think the state is doing what they need to do, they settle disputes by themselves. And you had a perfect storm of that in 2020.”

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Pensions Swamped in a Sea of Negative Real Rates – Bloomberg

Comment: The weighted average discount rate used by Illinois’ state pensions is about 6.8%. That makes the officially reported unfunded liabilities utterly fictitious for the reasons explained in this article. “Moody’s analysts expect to apply a 2.7% rate to local governments’ fiscal 2021 reporting, down from 4.14% in fiscal 2018 and about the same as Milliman’s current discount rate for corporate pensions. It will likely cause pension shortfalls “to increase by double-digit percentages” in the next two years, Moody’s says. As harrowing as that seems, the 2.7% rate is likely to prove higher than anything pension-fund managers can hope to

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Column: Pending Chicago projects can relieve the pandemic blahs – Chicago Sun-Times*

“For Chicago, 2021 is shaping up as a year to get back on its feet — a real positive, all things considered. It brings back confidence, and capital is sure to follow. The city needs investment across its neighborhoods…Construction plans being laid in various communities offer signs of urban revival — not calling it ‘renewal’ — with a notable involvement from nonprofit organizations.”

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