Illinois’ state policy choices boost threat from potential U.S. recession – Illinois Policy

Rather than one-time handouts to households, structural reforms that increase the incentive to work and to innovate would expand potential output. Lawmakers could start by addressing the $1.8 billion dollar unemployment trust fund deficit that will result in higher taxes for producers. Illinois could work to reduce the cost of doing business in Illinois, which is No. 3 in the U.S. for the most regulatory restrictions. The state’s high business taxes also reduce innovation.

Read More »

Illinois and Chicago: Profiles in Cowardice – John Kass News

Stuart Loren: “Illinois and Chicago are examples of what happens when radicalism becomes normalized. When the ossification of one-party rule results in groupthink stifling smart-think. When looking good counts for more than doing good and public interests become subservient to special ones.”

Read More »

Complaints mount against Chicago’s last Black bank: ‘It’s like the Flintstones’ – CBS/ProPublica

GN Bank stands alone in Illinois as the last Black-owned bank in the state. It stands out for other reasons too. Customers are complaining about problems they’re having with the bank. Some even fear losing their homes because of the bank’s Stone-Age record-keeping system. Further, the bank is under a federal consent order that noted several deficiencies that need fixing fast.

Read More »