Should ‘state stress tests’ stress pensions, or states? – Truth in Accounting

Chicago is reportedly considering a massive new bond offering designed to fund its woefully underfunded pension obligations. City leaders are reportedly briefing city aldermen ‘behind closed doors.’ The bond offering would certainly improve Chicago pension plans’ odds of passing stress tests. But it would also increase the size and risk of the city’s overall balance sheet.

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Chicago needs more champions of literacy like Willie Wilson – Wirepoints

It’s rare to see city leaders in Chicago take an open, unabashed stance on the collapse of literacy. To complain is deemed as too political, too racist or too anti-public schools. So it’s refreshing to see Willie Wilson, a successful businessman and leader of the black community, call for a literacy initiative “with the goal of getting 100% of Black students reading at grade level.”

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