Two of ComEd Four released. New trial pending – Center Square

The Seventh Circuit Court of Appeals directed the federal government to release former ComEd CEO Anne Pramaggiore on bond pending a new trial. The appellate court also ruled that codefendant Michael McClain is entitled to bond because “he is not likely to flee or pose a danger to the safety of any other person or the community” and because the appeal raises “a substantial question” that will result in an order for a new trial.
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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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