Opinion: Chicago voters want education freedom over politics – Crain’s*

Denisha Allen, founder of Black Minds Matter and senior fellow at the American Federation for Children: Every lawmaker in Chicago should be on notice. Faith in public schools and the Chicago Teachers Union is waning, while the need for education freedom increases. Chicago public schools are at a critical juncture, confronting hard truths about the Chicago Teachers’ Union and its role pushing policies that harm education, particularly that of Black students.

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East St. Louis in financial turmoil, city at risk of layoffs and payless paydays – FOX2 (St. Louis)

The City of East St. Louis facing a severe financial crisis that could result in layoffs and payless paydays. It could also force the city to slash some services. The crisis was brought on by the city’s failure to keep up with payments to the East St. Louis police and firefighters pension funds. Now the city is on the hook for more than $7 million in past-due payments.

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Editorial: Chicago’s selective-enrollment schools are a civic asset worth saving – Crain’s*

“These schools have enhanced the quality of life in Chicago for countless students and families and have become a hub of community in neighborhoods across the city. They have also helped make Chicago Public Schools an attractive option for parents who might otherwise seek greener pastures beyond the city limits. The Board of Education should think carefully before dismantling these prime civic assets.”

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Biden admin unveils new green subsidy guidelines that could allow China to cash in – BPR

The promise of robust manufacturing tax credits prompted companies to announce a flurry of new projects, including several that have drawn the ire of local residents and elected Republicans for their connections to Chinese firms. Gotion, an American subsidiary entirely owned and controlled by China-based Gotion High-Tech, wants to build subsidized manufacturing facilities in Michigan and Illinois. Gotion High-Tech has extensiveconnections to the Chinese Communist Party (CCP), and local residents in Green Charter Township,

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Column: When you come to Chicago, the news will teach you what you need to know – Chicago Sun-Times

Kwame Opam now deputy managing editor for news at the Sun-Times and and previously the strategy and operations deputy for the breaking news teams at The New York Times: “I’ve been inculcated in the profession’s articles of faith. believe in comforting the afflicted and afflicting the comfortable, telling truth to power, and finding beauty and relief in a good yarn…. I’m lucky. Seriously, I can’t tell you how lucky I am. I’m up to my ears in good writing about Chicago and surrounded by journalists committed to telling its story every day.

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Equality in Misery – National Review

“Nothing illustrates the perversity of the ‘equity’ agenda and its hostility toward the exceptional and exemplary quite like progressive officials’ efforts to cut overachievers down to size for the imagined benefit of everyone else. Chicago’s chief social engineer, Mayor Brandon Johnson, is only the latest to join that crusade.”

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LaSalle Street office landlord eyes new route to apartment conversion – Crain’s*

30 N. LaSalle rendering

A LaSalle Street office landlord seeking taxpayer help converting part of its building into apartments has taken a step toward doing it without city subsidies or affordable units, a sign of impatience with the city’s LaSalle Street Reimagined initiative while Mayor Brandon Johnson waffles over his support for the program. A joint venture of Corebridge Financial and Chicago developer Golub is seeking permission to convert part of the office building at 30 N. LaSalle St. into 349 apartments, according to a zoning application introduced

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The rich are getting richer in Illinois – Crain’s*

The number of Illinois taxpayers making more than $500,000 in 2021 surged 32% from the year before, according to the most recent income tax data from the Department of Revenue. The jump was more than three times as big as any annual increase seen in the previous five years.

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While universities get grilled over Israel-Gaza responses, U of Chicago praised for its free speech policy – Crain’s*

As university presidents across the country face criticism over comments and responses following the Oct. 7 Hamas attacks in Israel, University of Chicago President Paul Alivisatos has largely stayed out of the public fray. Alivisatos did not issue a school statement or offer public comment following the attacks — a standstill tactic that has landed other leaders in hot water — but instead leaned on the school’s practice of institutional neutrality, often referred to as the “Chicago Principles.”

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Harvard President Claudine Gay Is Why I Never Checked the ‘Black’ Box – Newsweek

“I have known people like Claudine Gay my entire life and they are the reason why I never checked the black box on college and employment applications. If I had, I would not be a free individual today. As a child, I was fascinated by the story of my paternal grandparents’s interracial marriage in 1944 in segregated Chicago…. Today, the focus has been on how Gay hurt Asians and Jews, but it can never be forgotten that people like her hurt blacks far more and for such a sustained period of time, affecting multiple generations.”

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Two more execs heading out the door at Chicago Public Media – Crain’s*

The head of communications and the chief audience officer at Chicago Public Media announced today they are stepping down. The announcement of Berger and LeCompte’s departure comes a week after Chicago Public Media CEO Matt Moog announced he would be stepping down to “return to his roots as a tech entrepreneur.” After Moog announced he would leave after CPM finds a new CEO, it was revealed that union leadership at both the Chicago Sun-Times and WBEZ, which are owned by Chicago Public Media, sought an investigation into allegations of a “hostile

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When locals oppose the green agenda, state and feds officials seek ways to ignore local concerns – Just The News

Wind turbines generate electricity at the San Gorgonio Pass Wind Farm near Palm Springs, California, on Feb. 27, 2019 | (Getty Images)

Since 2015, more than 600 renewable energy projects have been halted as a result of local opposition. Michigan recently joined Illinois, New York and California, each with laws that allow the state to override local actions against renewable energy projects. In January, Illinois Gov. J.B. Pritzker signed a bill that stops local governments from limiting or banning wind and solar power.

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Opinion: Economic growth is the single most important job of running a city. Full stop. – Crain’s*

John Busch, Chicago-based tech entrepreneur and former fellow at World Business Chicago: First, we must realize as a business and civic community that we are involved in competition. The biggest winners of this trend are not stakeholder groups in Chicago, but the other cities vying for our momentum in Indianapolis, Columbus, Nashville, Austin and Miami. Second, all the city’s stakeholder groups exist within the same ecosystem.

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Chicago Teachers’ Pension Fund wants to enter market for private debt – Bloomberg

The fund and its trustees decided to invest in private credit following results of a study spurred by changing expectations for returns from higher interest rates and inflation, Fernando Vinzons, chief investment officer for the Chicago Teachers’ Pension Fund, said in an emailed statement Monday. The future allocation, with no exact deadline, of $300 million to $350 million will represent about 3% of the fund’s assets.

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River North loft office sold for 61% loss – Crain’s*

213 W. Institute Place213 W. Institute Place, a vintage seven-story loft office building in River North just sold for 61% less than was paid for the building in 2017. It’s another data point illustrating the decimated value of office buildings as companies shedding office space have driven up vacancy and as higher borrowing costs have whittled the pool of prospective buyers. Many office properties in the heart of the city are now worth less than the mortgages tied to them, fueling a historic wave of distress.

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Three top leaders depart World Business Chicago – Crain’s*

Mark Tebbe, who has led WBC’s efforts to attract and retain startup and technology companies since 2014, plans to step down as chair of its innovation and technology council by mid-May. “I don’t see the focus on the business community that I have seen with other mayors,” said Tebbe, who has worked for three Chicago mayors during his tenure at World Business Chicago in an unpaid role. “The behind-the-scenes work to make (economic development) happen just hasn’t been demonstrated.”

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If building lots of homes would ease U.S. housing crisis, Illinois isn’t helping – Crain’s*

As the nation’s housing market struggles with an extreme lack of inventory of for-sale homes, one of the most often mentioned solutions is to build more homes. Illinois isn’t helping. New data shows that among the 50 states, Illinois is tied with two others for building the fewest new homes. The three are all states with high taxes, though Rhode Island comes in just behind the 10 top-taxing states.

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Government Unions Love Democrats – Wall Street Journal

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The alliance between Democrats and public unions is a dominant feature of modern politics, and the mutual love is growing. That’s the message of a new report by the Commonwealth Foundation. In 2021-2022, the four largest government unions spent $27.9 million in Illinois, $24.9 million in California, $13.2 million in Minnesota and $12.1 million in Pennsylvania. Unions accounted for almost 83% of current Chicago Mayor Brandon

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Progressive ally of Johnson stands by scathing comments against him – Crain’s*

Ald. Jeanette Taylor, 20th, responded “absolutely not” on Monday when asked if she regrets any of the her comments last week. Then, she said, “I felt like we’re not ready and it’s showing out in the wash…. We’re pretending like now we got the power, let us show you how it’s supposed to be done, and we look real stupid right now…. We were not ready because we haven’t been in government long enough to know how the government really runs. . . .You still have daddy Daley’s people still in these committees, still in these departments, so we’ve got

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American, United Want Out Of Deal To Modernize Chicago O’Hare – View from the Wing

“American Airlines and United Airlines want Chicago O’Hare’s expansion that they signed off on in 2018 slowed down – or stopped – as the project runs $1.5 billion over budget. Somehow the carriers are surprised that a massive public infrastructure project, in Chicago no less, is spending far more than originally projected? And in fact it’s only just the ‘next phase’ where a 24% projected cost overrun totals $1.5 billion more than expected. That’s before construction on the new terminal even starts! The project’s total cost has grown from $8.7 billion to a projected $12.1 billion. So

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How Chicago Poses a Grave Threat to the American Republic – Chicago Contrarian

Special prosecutors Maria McCarthy and Fabio Valenti recently stood before Will County Judge Donald Carlson arguing that their client, former Chicago Police Detective Kriston Kato, was the victim of a renegade, utterly illegal institution created by one of the most corrupt state legislatures in the country. The attorneys argued in a motion that a state agency created in 2009, the Illinois Torture Inquiry and Relief Commission (TIRC), was an unconstitutional infringement on the judiciary, an argument that, if embraced by the courts, could have far reaching impact on Illinois.

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You Won’t Believe Who Is Joining the GOP in Calling for Restrictions on Immigration: Jesse Jackson – PJ Media

“Laws need to be enforced at the border,” Jackson said, and “more resources” are required for cities like Chicago. Meanwhile, Chicago Mayor Brandon Johnson had a novel approach to accepting responsibility for the crisis. He didn’t. Instead, he blamed “right-wing extremists” who want to “bring slavery back” and “refuse to accept the outcome of the Civil War.”

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Feds and city’s inspector general eye Bally’s casino deal – Crain’s*

An architect's rendering of the proposed Bally's casino project along the Chicago River.

A federal law enforcement agency and Chicago’s inspector general are looking into the process by which Bally’s won the Chicago casino license, according to people familiar with the matter. Sources, including one who has been interviewed in the matter, say a second, parallel inquiry is being conducted by Chicago Inspector General Deborah Witzburg.

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The Senate’s Supreme Court Subpoena Games – Wall Street Journal

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Illinois Democrat Dick Durbin has reached the age and tenure at which he might fancy himself a Lion of the Senate, but what a joke after his grubby power play Thursday in the Judiciary Committee. In a rush of rule-breaking at the end of a meeting, Mr. Durbin moved to bluster through subpoenas for two friends of Supreme Court Justices on a partisan vote.

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Chicago’s woke Mayor Brandon Johnson blames his predecessor Lori Lightfoot and ‘right wing extremism’ for Windy City’s decline amid crime and migrant crisis – Daily Mail

‘What we’ve seen is a very raggedy form of right-wing extremism,’ the woke Mayor said. ‘Everyone knows that the right-wing extremism in this country has targeted democratically run cities and quite frankly and they have been quite intentional about going after democratically ran cities that are led by people of color.’

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Chicago needs revenue strategy to continue ratings improvement, agencies say – The Bond Buyer

While the city has made some important progress on the expenditure side, the new mayor’s first budget didn’t make similar strides on the revenue side, according to Fitch Ratings, which upgraded Chicago’s general obligation debt to BBB-plus from BBB in October. For example, the budget didn’t include raising the property tax levy to account for inflation, which had been included under the previous administration. Fitch’s upgrade, which didn’t hinge on passage of the budget, cited “a decline in the city’s long-term liability burden stemming from steady growth in the economic resource base and improved debt management practices,” including making advance

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To Shrink Learning Gap, Evanston School District Offers Classes Separated by Race – Wall Street Journal

Nearly 200 Black and Latino students at Evanston Township High School signed up this year for math classes and a writing seminar intended for students of the same race, taught by a teacher of color. These optional so-called affinity classes are designed to address the achievement gap by making students feel more comfortable in class, district leaders have said, particularly in Advanced Placement courses that historically have enrolled few Black and Latino students.

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Israel-Hamas protests disrupt life in Democrats’ convention city – Politico

A photograph of a protester wearing a Chicago Bulls jersey waving a Palestinian flag.

Escalating tensions over the war between Israel and Hamas are disrupting the city and dividing Democrats as they prepare to show unity in nominating the president to a second term next summer. Illinois’ congressional delegation is divided, too. All but two members <a class=" js-tealium-tracking " href="https://clerk.house.gov/Votes/2023528" target="_blank" rel="noopener" data-tracking="mpos=&mid=&lindex=&lcol=" aria-label="supported a resolution on Israel’s right to defend

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Manteno Planning Commission hears testimony on rezoning for Gotion plant – Kankakee Daily Journal

During an arduous four-hour-and-45-minute hearing in front of the seven-member Manteno Planning Commission — and an audience of 450 people — Gotion’s rezoning application for the former Kmart warehouse property, 333 S. Spruce St., came under much scrutiny. Most of the questioning at Tuesday’s hearing, held in the Manteno Elementary School gymnasium, was raised by the vocal Concerned Citizens of Manteno, who vehemently oppose the plant

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Kane County goes against policy, will use savings to balance budget instead of tax hike – Daily Herald*

“If we have interest earned to help balance the budget, I don’t know why we’re not doing that,” Lenert said. The budget already planned for the use of about $10 million of savings before deciding to forego the tax hike. Both decisions go against the advice of Kane County CFO Kathy Hopkinson and a policy the board adopted earlier in the year to either cut spending or find new revenue sources to balance the budget.

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Wirepoints featured in BBC report on political refugees moving between Illinois and Florida

After several days in Florida interviewing folks there and in Illinois, the BBC sat down with Wirepoints to complete their report. Wirepoints added some important perspective on the impact political migration has on Illinois. While some Americans may move to Illinois for its progressive policies, far more end up leaving every year due to Illinois’ poor economic competitiveness.

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Here’s why electric vehicles are a political football – Crain’s*

The discussion also encapsulates a host of issues dominating the nation’s political conversation: the cost of living, reliance on Chinese manufacturing and cultural factors such as the feasibility of the cross-country road trips that remain an element of American identity. “There’s certainly been a large uptick in the amount of polarization around EVs,” said Robert Fisher, domain principal of electrification at SBD Automotive, a research and consulting firm. That polarization “is a very credible, serious threat” to wider adoption.

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The American Voter’s Flight to Freedom – National Review

“Something remarkable is happening in these disunited states: a rapid rearrangement of population of the kind not seen for decades. This internal migratory surge, however, may not be as benign as some earlier ones. It is fueled less by geographic factors — the availability of fertile land or the appeal of a milder climate — than by political considerations.”

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Loop office landlord hit with $105 million foreclosure lawsuit – Crain’s*

“The owner of the building at 111 W. Jackson Blvd. defaulted on its $105 million mortgage tied to the property by failing to make loan payments since May…. It’s another addition to the long list of downtown office buildings poised to be seized by lenders as weak demand for offices and a surge in borrowing costs have pummeled property values.”

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North Shore property owners to be impacted by tax levy hikes – Chicago Tribune*

Glencoe property taxpayers will see a 5.7% rate hike. Over in Wilmette, the property tax levy is set to go up 2.94%. According to New Trier High School Associate Superintendent Christopher Johnson said existing property taxpayers would face a 5% increase. He said he has not calculated the impact for individual property owners but added the high school represents approximately a quarter of the overall property tax bill throughout New Trier Township.

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Inside the Transgender Empire – Imprimis

Christopher Rufo: “Here’s an example of how this combination of well-funded activism and political influence works in practice: Pritzker-funded activists at Lurie Children’s Hospital (the largest children’s hospital in Chicago) provide local schools with training, materials, and personnel who promote gender transitions for children, using the hospital’s reputation to give their ideology a scientific veneer. And the more one investigates, the worse it gets. Children are exposed, for instance, not only to trans ideology, but to concepts such as ‘kink’ (unusual tastes in sexual behavior), ‘BDSM’ (bondage, domination, submission, and masochism), binders to flatten breasts, and prosthetic penises.”

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Why is the Chicago Teachers Union Promoting Whole Life Insurance? – Second City Teachers

“They try to convince us you can turn life insurance into an investment instead of just insurance, but in the end, you get both subpar insurance and subpar investments.” The premiums are expensive, and the cost of whole life insurance tends to be much higher than term life insurance .So why would the CTU send out an email that would only benefit 1 percent of its members? Contributions to CTU’s PAC, apparently.

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Pritzker among three Democratic governors facing a balancing act in advancing clean energy initiatives – Route Fifty

Democratic Michigan Gov. Gretchen Whitmer, left, spoke at a rally in support of United Auto Workers members as they were on strike this fall.

The United Auto Workers, for example, launched a six-week strike against the country’s top three automakers this fall, in part because labor leaders worried that the industry’s transition to electric vehicles would harm assembly line workers. That put Democratic governors who backed the move to EVs in a tough spot. J.B. Pritzker of Illinois, Andy Beshear of Kentucky and Gretchen Whitmer of Michigan all staked

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Palestinian students lead walkout at CPS’ Chicago Academy High School in support of children killed in Gaza – Chicago Tribune/MSN

Many of the desks at Chicago Academy High School sat empty during the last period of classes Thursday, as about 250 students — half of the student body — walked out to demand a cease-fire in solidarity with the children of Gaza. Palestinian American pupils organized the Chicago Public Schools-sanctioned walkout, leading chants as students marched around the predominantly Latinx school in Dunning on the Northwest Side before returning for the last 30 minutes of classes.

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Dockery concerned about environmental impact of proposed Gotion lithium ion car battery plant – Kankakee Times

Manteno, Illinois resident Shannyn Dockery, an award-winning teacher with a focus on environmentalism, has deep concerns about the potential environmental effects of the proposed Gotion lithium-ion car battery plant on the Kankakee River and local endangered species. She and her husband, whose family has lived in Manteno for seven generations, are raising their children in the town.

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New Breed of Supercomputer at Argonne in Illinois Aims for the Two Quintillion Mark – Wall Street Journal*

Inside a vast data center on the outskirts of Chicago, the most powerful supercomputer in the world is coming to life. Called Aurora, the supercomputer’s high-performance capabilities will be matched with the latest advances in artificial intelligence. Together they will be used by scientists researching cancer, nuclear fusion, vaccines, climate change, encryption, cosmology and other complex sciences and technologies.

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How Do Taxes Affect Interstate Migration? – Tax Foundation

Every year, millions of Americans pack up and move from one state to another, providing unique insights into what people value when deciding where to live, work, and raise a family. For many years, policymakers, journalists, and taxpayers have debated the role state tax policy plays in individuals’ and businesses’ location decisions. Annual data about who is moving—and where—provide clues about the factors contributing to these moves. Taxes are one such factor. States with the highest net AGI losses included California at -$29.1 billion, New York at -$24.5 billion, Illinois at -$10.8 billion, and Massachusetts at -$4.3

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Pro-Palestine protesters rally in Chicago during Biden’s Illinois visit – FOX32 (Chicago)

President Joe Biden’s visit to Illinois on Thursday was met with heated demonstrations in Chicago as protesters voiced their concerns over the situation in Gaza. President Biden’s primary purpose for visiting Illinois was to celebrate the end of the autoworkers’ strike. During his visit to Belvidere, the President met with union leadership and workers, as Stellantis agreed to reopen its auto assembly plant.

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A small Michigan township sends a message to China — and Biden [and Pritzker] – Politico

Signs displayed along a roadside in Green Charter Township, Mich.

A recall election in Green Charter Township threw out five local Republican officials who had backed tax breaks for a multibillion-dollar battery parts plant tied to a Chinese company — never mind the project’s promises of more than 2,000 jobs for the economically depressed region. The Michigan project by Gotion is nearly identical to one proposed for Manteno, Illinois, about which Gov. JB Pritzker refuses to

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Massive shake-up in Green Charter Township, Michigan: Five board members recalled over Gotion battery plant proposal – WPBN/WGTU

Gotion, the Chinese E.V. battery maker, has a substantially identical project planned for Manteno, Illinois. In Michigan, the community has continued to voice their opposition to the project and demanded the board resign. When that was not enough, a petition for a recall election was signed claiming the board was not listening to what the people are saying.

 

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‘Palestinians Should Not Be Forced To Return’: Sen. Durbin Among Dems Demanding Biden Waive Visa Rules on Foreign Nationals – National Review

Leading Democrats, including Senator Dick Durbin of Illinois and progressive Representative Pramila Jayapal of Washington, are demanding that the White House designate the Palestinian territories a “Temporary Protected Status,” permitting foreign nationals to stay in the United States to avoid the escalating war in the Middle East.

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Democratic Gov. J.B Pritzker says Republican candidates are all ‘MAGA’ no matter if they wear ‘boots’ in swipe at Ron DeSantis’ shoes – Daily Mail

‘The MAGA agenda isn’t an agenda about freedom – it’s about fear,’ Pritzker said from the Service Employees International Union (SEIU) post 1991 in Miami, Florida. ‘Everyone in this Republican primary believes in this agenda.’ ‘They might try to dress it up in different ways – in boots, in high heels or a red tie – but it’s all the same,’ he said to laughter from the few attending the press conference along with a room-full of press.

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The Democrats’ Hamas Caucus: Could the convention in Chicago turn out to be an ugly rerun of 1968? – Wall Street Journal

When Joe Biden picked Chicago as the venue for his party’s 2024 convention, the thought was that this heavily unionized Democratic city provided a perfect stage to showcase how Bidenomics was making life better for American workers. Illinois Gov. J.B. Pritzker, who’d lobbied the president hard, was thrilled. Chicago is “your kind of town,” he told the president. Suddenly that theme is in jeopardy.

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Opinion: The paid leave policy is the latest threat to a restaurant industry under siege – Crain’s*

Table at restaurant near window

“The 121 restaurateurs who signed this op-ed have invested in the city of Chicago, financially and emotionally, over many years. We ask for a government that manages with a scalpel instead of a sledgehammer. We ask for nuanced and balanced decision-making. We ask for a proposal that allows operators a chance to cure any honest mistakes without the threat of a lawsuit. We ask for more time and for a true economic study with the new PTO ordinance. We ask for a thoughtful pause from

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Is Michigan City the next New Buffalo? – Crain’s*

if all goes right, it could become a new hub of Lake Michigan shoreline living, with expensive rentals for either short-term use or long-time living, a restaurant scene and a train ride to Chicago that makes driving over the Skyway and through Gary a thing of the past. If all goes as planned, “Michigan City is going to be so cool,” says Joe Farina, a restaurateur who has venues in the South Loop and Oak Park and last year opened Cafe Farina on Franklin Street in Michigan City.

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Newsom, Pritzker signal White House ambitions in donations to S. Carolina candidate – Axios

California Gov. Gavin Newsom and Illinois Gov. J.B. Pritzker both recently cut checks for a candidate in this month’s mayoral election in Charleston, S.C., Axios has learned. The donations to Charleston candidate Clay Middleton signal White House ambitions for both governors, as South Carolina recently moved to the front of the Democratic presidential primary calendar.

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At Chicago Teachers Union meeting, Palestinian war dominates, and boasting about Illinois being first state to roll back school choice – Second City Teacher

The delegates voted overwhelmingly in support of a letter demanding a Ceasefire in Israel’s assault on Gaza. VP Jackson Potter said in his report that Illinois is on the verge to be the first state in the nation to beat back vouchers. The Invest in Kids Illinois voucher scheme is set to sunset at the end of the year and Potter believes they have the votes to make sure it disappears.

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Proft: A Return to Chicago Law Prof. Richard Epstein’s ‘Simple Rules for a Complex World’ – American Greatness

Equal protection under the law is non-negotiable and thus universally applicable” said Proft, listing out Epstein’s rules. “We shouldn’t fund our enemies. We should know who’s coming into our country and why. We shouldn’t judge people based on a shared identity, but rather by their individual beliefs and conduct. And we shouldn’t give our government more money or power than it needs to enforce the freedoms enshrined in our Bill of Rights.”

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Chicago Democrats bicker about sanctuary status as city falls apart – Washington Examiner

Alderman Raymond Lopez called the opposition to the vote “despicable,” while Alderman Carlos Ramirez-Rosa said Chicago’s sanctuary status had nothing to do with illegal immigrants flocking to the city, which is a dubious claim, to say the least. Ramirez-Rosa said the council members who wanted a citywide referendum wanted “chaos” and “demagoguery” and “that’s what we got.”

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Obama Foundation previews presidential center construction site in Chicago – Politico

Michael Strautmanis greets workers at the job site.

“Just amazing,” said Strautmanis, a former Obama White House aide who hadn’t seen the view before. He said his mission is for the center to fit the Obamas’ brand. “The Obamas are special,” he said. “They’re important. They’re iconic. But at the end of the day, they’re two people who decided that they want to participate in creating civic change, and anybody can do that.”

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Chaos at City Council as Ald. Lopez attempts to take over meeting after lights turned off – Crain’s*

The meeting will be remembered as one of the City Council’s most chaotic since the infamous Council Wars of the 1980s. It doubled as a message that a growing number of City Council members are frustrated over the city’s handling of providing shelter for the 20,000 asylum seekers who’ve arrived in Chicago since last August. Lopez described the meeting as a “shitshow.”

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Democrats quietly move to succeed Biden – Axios

In recent months, more than half a dozen Democratic lawmakers have established national political organizations, embarked on resume-building foreign trips, and visited states that traditionally hold early presidential primaries. Illinois Gov. J.B. Pritzker, Pennsylvania Gov. Josh Shapiro and California Rep. Ro Khanna have traveled to New Hampshire in recent months — and Khanna returned this week to debate GOP presidential candidate Vivek Ramaswamy.

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U.S. Representatives Darin Lahood, Mike Bost and Mary Miller among sponsors of NO GOTION Act to Stop Taxpayer Funding of CCP Companies – Press Release

Gotion is set to receive $7.5 billion in federal subsidies for its planned project in Manteno, IL. “Hard-working taxpayers should not be on the hook for billions in federal subsidies funneling to companies beholden to malign actors, like the CCP. It is clear that the so-called ‘Inflation Reduction Act’ is being leveraged by foreign adversaries to exploit loopholes to gain generous incentives and dominate key technologies in the United States…,” LaHood said.

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Two new polls find broad voter opposition to Gotion project, the Chinese electric vehicle battery plant planned for Illinois- Wirepoints

By 53% to 27% — a spread of 26% — Illinois voters are opposed to the Chinese project. Opposition significantly exceeds support in both parties, all age groups, both sexes and in all regions of the state. For independent voters, opponents outnumber supporters 48% to 28% in the statewide poll and 51% to 16% in the Kankakee poll. Voter opposition in Kankakee County is still stronger, with 59% opposed and 29% supportive — a spread of 30% — with 43% “strongly opposed.”

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Black Lives Matter and the World’s Oldest Hatred – Wall Street Journal

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While the body count was still being tallied, BLM groups in Los Angeles, Chicago and Washington issued statements supporting Hamas’s tactics. BLM Chicago tweeted an image of a Hamas paraglider with a Palestinian flag attached to his parachute and the caption “I stand with Palestine.” What’s shocking isn’t the rhetoric of BLM leaders in the aftermath of Oct. 7 but that so many people who ought

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Biden opens up funding for residential conversions — a sign of hope for downtown projects – Crain’s*

As Chicago’s downtown business district struggles under a post-pandemic malaise, President Joe Biden announced a slate of federal resources this week for developers and cities to speed up commercial-to-residential conversions. The White House initiative will open up funding from the Department of Transportation to finance residential development near public transit and facilitate transit agencies’ ability to transfer their properties to local governments or developers of affordable housing, according to a release.

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Monthly Case-Shiller Index: Chicago hits 4th month of fastest-growing home prices in U.S., but it’s not all good news – Crain’s*

Washington Park Court For the fourth month in a row, home prices grew faster in Chicago than in any other major U.S. city, according to a national index of August home prices. In August, home prices in the Chicago area were up 5% from the same time a year earlier. While it’s more evidence of the Chicago housing market’s resilience during the recent nationwide slowdown under the weight of rising interest rates, there’s also data in the report that shows Chicago-area home values lag well behind most big cities in

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Stellantis battery plant gives Pritzker momentum to land more EV deals – Crain’s*

The state ponied up more than half a billion dollars to land Gotion. It hasn’t disclosed how large an incentive package it has offered to Stellantis. But it’s expected to be larger. Pritzker declined to comment on the amount. Stellantis hasn’t commented on the announcement of the new facilities, which was made by the United Auto Workers in connection with a tentative contract agreement Saturday.

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Illinois cashes in with 3,000 jobs from Stellantis-UAW deal – Crain’s*

Illinois is a big winner in the new contract between the United Auto Workers and Stellantis, which will reopen its Belvidere plant to make trucks and build a new battery factory. The tentative deal reached Saturday could result in more than 3,000 jobs, more than doubling the company’s recent headcount, with an investment of billions of dollars, Gov. J.B. Pritzker says.

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Ukrainian Village Neighbors Suing Mayor, City Officials To Block Migrant Shelter – Block Club Chicago

The building is zoned for a neighborhood commercial district, which does not allow for the operation of a temporary or transitional shelter without special use approval, according to zoning law. The city has not issued any such permit through the Zoning Board of Appeals, according to the lawsuit. Because the Johnson administration has not gone through the standard city review process, which includes holding a community meeting and an option to testify in front of a city board, the city has “deprived” neighbors of their legal rights to give input on the shelter, according

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JB Pritzker and the Illinois Children – Wall Street Journal

Illinois Gov. J.B. Pritzker says he wants his state to continue its Invest in Kids scholarship program, but only if he doesn’t have to spend political capital to pass it. That’s the message between the lines of his statement last week that he wouldn’t block the program, which gives scholarships to more than 9,000 low-income students, if someone else in Springfield can make it happen.

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Elite Universities Face Donor Revolt Over Mideast Conflict – Wall Street Journal

Scott Shay donated to Northwestern University every year after earning his undergraduate degree in 1979. He stopped in 2020 after researching a book on antisemitic conspiracy theories on campus. The former chairman of Signature Bank, he now donates to the Hillel and Chabad organizations at the university instead. After the Hamas attacks, other donors have reached out to him saying they are reconsidering their gifts. “I’ve heard from four people within the last hour,” Shay said Friday.

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What’s in store as the City Council gets set to scrutinize Johnson’s nearly $2B police budget – Crain’s*

But when Snelling begins his first departmental budget defense in the Budget Committee on Tuesday, members of the City Council will not know the exact dollar amount needed to cover CPD personnel in 2024. That’s because Johnson’s tentative deal with the city’s largest police union includes pay increases in 2024 beyond what Johnson’s $16.6 billion budget proposal accounts for.

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Illinois’ nuclear moratorium expected to be addressed in veto session – Center Square

With the fall veto session about to begin in Illinois, the state’s nuclear power construction moratorium hangs in the balance. The moratorium has been in place for decades and was implemented until a permanent waste storage option was made available. Gov. JB Pritzker vetoed a bill that would have lifted the moratorium on nuclear power construction. He has said he is in favor of Small Modular Reactors, or SMRs, but says the legislation was changed at the last minute.

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Pro-Palestinian demonstrators occupy U.S. Rep. Jan Schakowsky’s Skokie office; police cite seven for trespassing – Chicago Tribune/MSN

Hatem Abudayyeh, the chair of the U.S. Palestinian Community Network, said the group specifically addressed Schakowsky, who is the vice president of the Congressional Progressive Caucus, because of her “unbreakable” support for Israel, citing a statement signed by Schakowsky and other members of Congress stating their commitment to Israel is “absolute.” In Abudayyeh’s view, Schakowsky “can’t continue to call herself a progressive” if she keeps up that unilateral support for Israel.

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FEMA Assistance For Summer Rains Tops $304 Million for Cook County – FEMA

Federal assistance to Cook County residents affected by the June 29 – July 2 severe storms and flooding has topped $304 million. This amount includes FEMA grants of more than $235 million in Individual and Households grants for rental assistance, repair and replacement funding, and other needs grants that help replace personal property and provide storage and childcare payments. Comment: So much for that $4 billion deep tunnel system that was supposed to end routine flooding in Cook County.

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JB Pritzker Launches National Presidential Bid Behind Thin Facade. ‘Think Big’ or ‘Think Again’? – Wirepoints

It’s actually quite clever, from Pritzker’s perspective. By promoting himself nationally through Think Big, he will still be honoring his public promise not to challenge Joe Biden in the presidential primary. But if Biden drops out, gets pushed out or becomes incapacitated before the November 2024 election, as seems more likely each day, Pritzker’s name will be established nationally.

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Nearly 205,000 Illinoisans lose Medicaid in post-COVID purge – Crain’s*

The process, commonly referred to as “redeterminations,” resumed earlier this year after the winding down of COVID-era policies .Of those that lost Medicaid in August, September and October, about 62,179, or 30%, lost coverage because they were no longer eligible for Medicaid based on income requirements. Meanwhile, an additional 142,642, or 69%, were disenrolled because they did not submit required paperwork showing need for the program. Of those that lost coverage, more than 86,000, or 42%, had another source of health care or liability coverage and about 14,300, or about 7%, had Medicare

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Letter from Ken Griffin: Stop attacking me and focus on Chicago’s real problems, Crain’s – Crain’s*

Citadel founder Ken Griffin“A recent Crain’s editorial, ‘A pass-the-popcorn moment for Chicagoans’ (Oct. 2), presents a misguided narrative on my concerns about the film ‘Dumb Money’ and the future of Chicago. Let’s start with the film. My team identified some glaring factual inaccuracies in a trailer promoting ‘Dumb Money’ and raised those with the studio. As I told CNBC a few weeks ago, I haven’t seen the film, but I look forward to watching it. I hope the studio produced a great movie and that it offers important lessons for

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How states can avoid a COVID relief fiscal cliff – Route 50

Twelve states, including California, Illinois, Michigan, New York and Pennsylvania, used state and local relief funds to cover recurring costs that were equivalent to a significant 2.5% or more of their fiscal 2022 general fund expenditures. These 12 states, which are home to about 40% of America’s population and total state general fund spending, thus face a moderate to elevated risk of encountering fiscal cliffs if they don’t find money to replace the federal dollars used to shore up their budgets before those funds expire.

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More than half of Water Tower Place mall could ditch retail – Crain’s*

While moving retail out of more than half the 818,000-square-foot retail portion of Water Tower Place would be a tectonic shift at Chicago’s original high-rise mall, which opened in 1975, it’s certainly not a surprise. In the past three and half years, COVID shutdowns and organized retail theft by smash-and-grab teams have battered North Michigan Avenue and other shopping districts.

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As Temperatures Drop in Chicago, a ‘Humanitarian Catastrophe’ Is Coming Closer – PJ Media

As Temperatures Drop in Chicago, a 'Humanitarian Catastrophe' Is Coming Closer

There is a humanitarian crisis developing in Chicago. As temperatures drop into the 40s, thousands of migrants have been unable to find room indoors to sleep and are forced to camp outside — sometimes with no tents and no blankets. Chicago’s Mayor Brandon Johnson had been promising “winterized” tents to shelter the thousands of migrants who are sleeping in police stations and makeshift shelters around the city. So far, nothing. And time is running out.

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Booze, beads and art among unclaimed gifts lavished upon billionaire Illinois Gov. J.B. Pritzker – Associated Press

Illinois Gov. J.B. Pritzker has so many fans and friends that he receives a $30 gift at the rate of one every three days, but because of his job he accepts none of them, and rarely even sees them. The state’s 25-year-old Gift Ban Act prohibits public employees such as Pritzker from accepting presents, with broad exceptions. Therefore, the high-priced hooch delivered compliments of the Japanese embassy and three bottles of tequila valued at $450 have remained untapped.

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Mayor Johnson’s budgeted amount for migrant crisis, $150 million, will only last six months, his floor leader says – Chicago Sun-Times

“We are well aware that $150 million will not cover the expenses for the entire year … We’re going to ask the state of Illinois to step up in the same way that New York state has and help reimburse about half of the costs the city incurs, as well as operate its own shelters,” Ald. Carlos Ramirez-Rosa (35th) told the Chicago Sun-Times.

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Gov Pritzker slammed for taking funds designated for struggling Illinois renters to help migrants instead- BPR

Illinois Gov. J.B. Pritzker has reportedly diverted taxpayer funds away from the state’s rental assistance program to take care of migrants, and people are furious. Called the Illinois Rental Payment Program, the welfare program was designed to give people struggling with rent up to $25,000 per year to help them. Yet when asked earlier this month about how he intends to take care of incoming migrants, Pritzker admitted that the state doesn’t have extra money to spare and will therefore be using up money from already established programs,

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Criticism to Censorship: Illinois Village attempts to Silence Chinese Battery Factory Critics – Country Herald

The Village of Manteno is signaling a clear message: it’s done with the relentless criticism surrounding its Gotion Chinese deal. In a bold act following very intense opposition voiced in two town meetings, the Village channels an authoritarian tone.Comments found themselves disabled when the Village released an FAQ sheet, coupled with a promotional video courtesy of Gotion.

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Rich Miller: Reallocating demand moves to back burner – Pantagraph

Speaker Welch told reporters last Thursday he had “made it clear” to Chicago Mayor Brandon Johnson that “we were not expecting to do a supplemental budget in the veto session,” while the governor told reporters the week before that he hadn’t heard about any plans for a supplemental. Governors always know about supplementals because their office writes them.

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Chicago Sees Gatherings in Support of Palestinians, Israel – Wall Street Journal

Marchers in Chicago rallied in solidarity with Palestinians over the weekend.Hatem Abudayyeh, national chair of the U.S. Palestinian Community Network and a spokesman for the Chicago Coalition for Justice in Palestine, said elected officials’ condemnations of Palestinians were “not acceptable. The reason for this escalation is decades of Israeli crimes–decades of home demolitions, of stealing of land, of killing of Palestinian people in their home and in the streets.” He said that about 2,000 people rallied outside the Israeli consulate in Chicago this weekend.

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Schools Cut Honors Classes to Address Racial Equity. It Isn’t a Quick Fix. – Wall Street Journal

Oak Park and River Forest High School officials pitched “honors-for-all” to the community for three years before implementing it. “I’m not willing to have my children succeed if it means they have to step on Black kids to do so,” Mary Anne Mohanraj, a board member for the high school, said in October 2021 before voting in favor, calling it a moral choice. State-issued survey data included in the report shows that after the changes were implemented, freshmen ranked classroom rigor and teacher expectations lower than prior years’ ninth-graders.

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CME Head Duffy Warns New Taxes Threaten Chicago’s Recovery – Bloomberg/Yahoo News

“I liquidated every piece of real estate in the state,” Duffy said in an interview this week. “I have leases where I am in an advantageous position, because now I can renegotiate. They’re all coming due. We like Chicago. There’s no reason for us to want to leave. But at the same time, if the atmosphere gets to the point where it’s intolerable, we have no choice.”

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Video: Liberal bigotry causes CPS failures & soaring crime? – Public Affairs

“Public Affairs” features show host Jeff Berkowitz interviewing P Rea, a WVON AM Radio hostess, literacy consultant, and a Black conservative emerging GOP Leader. The discussion centers on what has been and is largely causing the major problems (1) of decades long CPS and public education failures around IL and (2) soaring crimes in Chicago and Cook County, off and on, for decades.

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Dick Butkus Was a Creature of Old, Tough Chicago – Wall Street Journal

image

“If Dick Butkus hadn’t been born in Chicago, someone would have had to make him up….The funny thing is that off the football field Butkus was a very nice man: whimsically sardonic, self-aware, quite at peace with the idea that others looked at him and in their secret hearts saw what, if caught in a tight spot, they wished they could be.”

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The Democrats’ Phony Border War – Editorial – Wall Street Journal

The wild bunch of mayors heading toward the Rio Grande are still afraid of the one action that might help slow the flow of migrants: Putting pressure on President Biden. Chicago Mayor Brandon Johnson says he’ll visit Texas’ southern border soon to see the migrant issue firsthand. Each of these Democrats knows, or at least should, that the main obstacle to reforming asylum policy now is in their own party. Republicans would happily reform the asylum law but can’t without Democratic support—and that means leadership from the White House.

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‘Zuck Bucks’ Grift is Headquartered in Chicago and Born in Wisconsin; Voters Must Ban It in 2024 – American Greatness

Most Americans are now familiar with partisan billionaire Mark Zuckerberg’s plot to funnel $420 million to thousands of local election offices in 2020, using the once-obscure Center for Technology and Civic Life (CTCL) in Chicago. CTCL marketed its Zuck Buck grants as a way to shore up budget constraints and help Americans vote during the COVID-19 pandemic.

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Loop office woes could soon hit Chicago homeowners’ pocketbook – Crain’s*

View of downtown Chicago from the Chicago River

According to a new analysis prepared exclusively for Crain’s by the Mansueto Institute for Urban Innovation and the Center for Municipal Finance at the University of Chicago, the property tax bill paid by the average Chicago homeowner could rise hundreds of dollars a year as office tower owners pay less because of the depressed value of their property. Homeowners effectively would pick up a bigger share of the tax load.

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Loop office tower owner faces $237 million foreclosure lawsuit – Crain’s*

 

161 N. Clark St.The owner of a Loop office tower has thrown in the towel on its $230 million mortgage, according to a foreclosure lawsuit filed late last week in Cook County Circuit Court, adding to the pile of distressed office properties plaguing the heart of the city. An entity led by Paris-based lender Societe Generale alleged in a complaint that the owner of the 49-story tower at 161 N. Clark St. defaulted on its loan by failing to make its loan payment due in August.

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The Progressive State Pandemic Hangover – Wall Street Journal

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“Personal income in California, Illinois and New York declined in 2022 for the first time since 2009 as Covid transfer payments ebbed…. Some states such as Florida and Georgia spent their federal funds on public-works projects. California, New York and Illinois used their allotments largely to cover pre-existing budget shortfalls, boost government worker pay, and bake into their budget new spending obligations. Those will become shortfalls

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The case for optimism: Why we can overcome these dark hours for America and Illinois – Wirepoints

Character is destiny, it has long been said, but the courage to take a stand is an essential element of real character. Stand up as Manteno residents are doing. Stand up against all that’s going wrong in America and Illinois. Stand up in whatever way you can. The majority of our people will then prevail and their character will again be America’s destiny.

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Opinion: Illinois’ deal with a Chinese EV battery maker puts us at risk for espionage – Crain’s*

The Chinese flag

Former U.S. Ambassador Joseph Cella: “When taxpayers, citizen activists, state legislators, and members of Congress ask basic unasked questions on the hardest matters involving Gotion and the national security threat it presents, Gotion and its advocates set out to crush local opposition. We have seen it all in Michigan — media coverage, mocking, spin, pushback and shrill charges such as “xenophobia” and “racism.” This textbook disinformation is what happens when state and local governments become intertwined with a PRC-based and CCP-tied company.”

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Signature Room atop Hancock tower closes – Crain’s*

The former John Hancock Center at 875 N. Michigan Ave.

The longtime operator of the Signature Room restaurant near the top of the former John Hancock Center has closed the business. “Unfortunately, economic issues after the closure of our city and restaurant due to the COVID-19 pandemic persist. Chicago and Michigan Avenue have been slow to recover. Safety issues and negative publicity continues to deter visitors to Chicago. All of these issues are negatively impacting the health of our restaurant and are issues that are completely out of our control.”

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Texas Will Welcome ‘Fed Up’ Chicago Firms, Greg Abbott Says, and talking to CME – Bloomberg/Yahoo News

The Republican leader said he’s spoken to CME Group Inc., the world’s largest futures exchange, about relocating to the Lone Star State. CME and other Chicago-based trading firms have complained about a pickup in violent crime since the pandemic as well as potential tax increases floated by the mayor. “I actually have approached the CME,” Abbott said Wednesday in an interview with Bloomberg Television in New York. “There are some businesses in Chicago that are fed up.”

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Illinois Among 12 States at Risk of Budget Cuts When Pandemic Aid Ends, Report Says – Bloomberg/Yahoo News

“A lot of states have major issues. Illinois is dealing with refugees and wanting to provide health care for them,” said Beverly Bunch, a professor at the University of Illinois Springfield and author of the report. “That’s coming at the same time that some of these federally funded programs are being exhausted, and that makes it even more challenging.”

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Chicago trophy Aon Center valuation drops 47% – TheRealDeal

601W’s Aon Center Tumbles 47% in Value

One of the most prominent towers of Chicago’s skyline, the 83-story Aon Center was valued at $414 million, down nearly half from the $780 million it was worth when a $536 million loan secured by the property was issued in 2018, according to a report from credit ratings agency Morningstar.

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The era of America’s subminimum wage for tipped restaurant workers may be ending – CNBC

Early next month, Chicago’s City Council will move to make America’s third-largest city the latest jurisdiction to abolish the subminimum wage for tipped employees, requiring restaurants to meet the regular $15.80 minimum for bartenders, servers and more, up from $9.48 plus tips now. After a months-long public campaign that began shortly after Mayor Brandon Johnson took office in May, advocates reached a deal with industry lobbyists to phase out the tipped-minimum wage over five years.

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This quiet crisis, unfolding now, is the future of Social Security and Medicare – MarketWatch

A new report from pension consultants Milliman argues that the top 100 state and local pensions in the U.S. lost another $74 billion in August. Their overall funded status dropped from 76.8% to 75.3%. In Chicago, 80% of property taxes now go to bail out public-sector pensions. Nationwide, spending on schools and teachers is being squeezed to bail out teachers’ pensions.

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McHenry County pot dispensaries must warn of mental health risks – Axios

But the Pritzker Administration opposes: “Legalizing adult-use cannabis has always been about justice, safety, and equity in Illinois. The governor is disappointed to learn that the McHenry County state’s attorney prefers focusing on spreading disinformation instead of tackling the issues that actually keep residents safe,” the Illinois Cannabis Regulation Oversight Office tells Axios.

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Sen. Tammy Duckworth discusses potential run for another term – FOX32 (Chicago)

“I can do as much as I can at the federal level and I can be the biggest cheerleader, but we’ve got to execute at the local level,” Duckworth said. “And that’s been a place that has not happened – that I didn’t see before. Both Democratic and Republican administrations, I never had the enthusiasm for growing business in Illinois and partnering with me for trying to bring businesses to Illinois the way I’ve had with JB [Pritzker].”

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Democrat politicians putting America — and Americans — last; China and migrants first – American Thinker

The lithium-ion batteries will be used in electric vehicles and energy storage systems. The erstwhile Land of Lincoln’s Democrat governor, J. B. Pritzker, has offered Chinese Communist Party-linked battery manufacturer Gotion more than half a billion dollars in largess to build a plant in Manteno, a town located approximately 50 miles south of Chicago. Pritzker has decided to shrug off any national security concerns.

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The EV Jobs Myth – City Journal

The bottom line, by now, should be obvious. A monomaniacal attempt to create an all-EV future, especially in the time frames envisioned, involves not only more overall labor but an unprecedented offshoring of labor, as well as a massive misallocation of capital. The ultimate result will be economic havoc and bankruptcies—and that will certainly lead to fewer jobs.

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New Records: Biden DHS Has Approved Hundreds of Thousands of Migrants for Secretive Foreign Flights Directly into U.S. Airports – Center for Immigration Studies

Names of the cities were not released. However, “Biden officials have rarely, if ever, spoken of this “family unification” flight program in the year since implementing it, perhaps mindful of the political outcry over the late-night “ghost flights” that DHS stealthily arranges to ferry migrant children into various airports, and mindful, too, of strong recent political backlash in large U.S. cities like New York and Chicago to paroled migrants busing themselves in from the border. Here, migrants flying directly into America go uncounted in the monthly Border Patrol tallies, unnoticed, and without media inquiry, virtually all information about it almost

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‘Not Good For Us’: Manteno IL Residents Furious Over Secretive Deal With CCP-Linked Battery Firm – Daily Caller

Screenshot 2023-09-19 143045

Residents of Manteno, Illinois were outraged when they found out local and state officials had finalized a deal with a Chinese Communist Party-linked company to construct an electric vehicle battery “gigafactory” in their town. The multi-billion dollar deal, which Democratic Illinois Gov. J.B. Pritzker announced on Sept. 8, was hashed out behind closed doors and without any public input, according to over a dozen Manteno residents who spoke to the Daily

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US Republicans including IL Rep. Mike Bost push for security review of China-linked Gotion battery company coming to IL – Reuters

U.S. Senate receives classified briefing on leaked documents

Republican lawmakers on Wednesday urged the U.S. Treasury Department to conduct a security review over China-linked ownership of Gotion Inc, which plans to build electric vehicle battery plants in Michigan and Illinois, arguing its management is under Beijing’s sway. Text of the letter from lawmakers including Illinois Rep. Mike Bost is here.

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Lender seizing Palmer House retail space – Crain’s*

Palmer House retail shops

As a massive foreclosure lawsuit against the owner of the Palmer House enters its fourth year, the hotel’s State Street retail space is poised to be seized by a lender.The bid price shows how far the property’s value has fallen in the wake of the COVID-19 pandemic.

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Rolling Out the Red Carpet for the Red Chinese – Breakthrough Ideas

Last Thursday Governor Pritzker signed a deal to give Gotion Incorporated, a Chinese company, $536 million in tax incentives to open an electrical vehicle battery-assembly plant in Manteno, Illinois. Here’s the problem, the owners of Gotion are Chinese Communists. The president of Gotion, Chen Li, whose signature is on the paperwork, is a member of the Chinese People’s Political Consultative Conference, an important part of the Chinese Communist Party.

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Editorial: The tab for Johnson’s agenda is coming due — and biz is expected to pick it up – Crain’s*

“But to an administration that keeps signaling strongly that it’s focused primarily on improving the well-being of Chicago’s disadvantaged communities without regard for the well-being of the businesses and taxpayers whose livelihoods are critical to the whole city’s success, considerations such as these appear to be an afterthought. And they will continue to be — that is, until there are no businesses left to pick up the tab.”

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Trillion-Dollar Industry Powering Chicago Is at Risk of Leaving – Bloomberg/Yahoo News

The letters are stamped all over the hallways of Chicago’s giant skyscrapers and grand office buildings. DRW, IMC, CME, Cboe.These are some of the derivatives firms that collectively handle trillions of dollars a year in trades, greasing the wheels of global markets with everything from stock options to corn futures. Most of them have called Chicago home for decades — providing thousands of jobs within the city’s $75 billion finance industry. Now, the firms’ commitment to the Windy City is being tested by some $800 million in taxes proposed by a new mayor staring down a budget gap

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America’s Warrior Diplomat, Rahm Emanuel, Takes On China’s Xi Personally – Wall Street Journal

China’s Communist Party chief Xi Jinping doesn’t have to worry about opposition leaders at home criticizing his record. But not far away, a U.S. diplomat has seized that role for himself with barbed and sometimes sarcastic criticism. Rahm Emanuel, Washington’s ambassador in Tokyo, is stepping up personal attacks on Xi, depicting the Chinese leader as an incompetent steward of the economy, a

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Senate Judiciary Committee Recommends April Perry to Become Chicago’s First Female U.S. Attorney – WTTW (Chicago)

A former federal prosecutor and ethics officer with the Cook County State’s Attorney’s Office is one step closer to becoming the first woman ever to lead Chicago’s U.S. Attorney’s Office. The U.S. Senate Judiciary Committee on Thursday voted 12-9 in favor of recommending April Perry to become the next U.S. Attorney for the Northern District of Illinois. With the committee’s approval, she is now set for a final confirmation vote before the full Senate.

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Markham’s ex-public library director charged with embezzling more than $770,000 from cash-strapped town – Chicago Tribune/MSN

The former head of the public library in south suburban Markham has been indicted on federal charges alleging he embezzled nearly $800,000 from the cash-strapped town over more than a decade and spent it on personal items such as tickets, auto repairs and home mortgage payments. Xavier Menzies, 51, of Chicago Heights, was charged in an indictment made public Friday with four counts of wire fraud.

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Former Ambassadors Call On Treasury Dept To Place CCP-Linked Battery Firm Coming to Illinois Under ‘Review’ After DCNF Investigations – Daily Caller

The company is poised to build a factory near Big Rapids, Michigan, within about 100 miles of a military installation that has hosted Taiwanese soldiers receiving training from members of the National Guard. Another Gotion, Inc. plant planned for Manteno, Illinois, is within about 30 miles of two other U.S. military installations, the DCNF reported.

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Chicago mayor vows new revenue, long-term pension fix – The Bond Buyer

Muni market participants from investors to ratings agencies are watching closely to see how the new administration tackles the city’s biggest pressures, from underfunded pensions to crime, and whether Johnson will continue former Mayor Lori Lightfoot’s path toward structural balance that was rewarded with a series of rating upgrades.

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Commentary: Improving retail options requires a new game plan – Crain’s*

Mari Gallagher, “nationally known expert on neighborhood markets, food access, food security and public health”: “Mayor Brandon Johnson’s administration should consider a few municipally owned or nonprofit grocery options and a community engagement effort that uses existing carrots and sticks to set a new commercial tone that, over time, other retailers match. Some local independent food stores aspire to step up, but they don’t have the purchasing power of dollar and convenience store chains. Why not help them with a collective purchasing initiative?”

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Federal taxpayers will fund billions more than actual cost of Illinois battery plant to be owned by Chinese company with CCP ties – UPDATED – Wirepoints

State of Illinois tax incentives exceeding half a billion dollars are a comparatively small part of taxpayer money that will go to Gotion, Inc. for an electric vehicle (EV) battery factory in Illinois. Through federal tax credits alone, which so far are going mostly unreported, Gotion will be paid billions more than its construction costs.

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Chicago’s largest law firms see dip in local attorneys – Crain’s*

This year’s list of Chicago’s 25 Largest Law Firms saw local attorney headcounts dip by an average 0.2% from June 2022 to June 2023. One figure that increased across all firms in the past year was associate base salary. Most firms in Crain’s top 10 have upped their associate base salary to $215,000 — a 13% rise since 2021.

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The Chicago Teachers Union Chief Sends Her Son to Catholic School – Wall Street Journal

Ms. Gates’s son deserves a quality education, but so do his neighbors. With any luck this controversy will improve the odds of renewing the Invest in Kids program. But the real moral and political scandal remains the same: that thousands of Chicago’s children are locked into failing public schools as part of a political job-protection program for the teachers union.

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Pritzker stands by Biden as polling shows concerns over fitness – Center Square

A recent CNN poll shows more than half of Democrats question Biden’s fitness. The 80-year-old is running for a second term. At an unrelated event Thursday, Gov. J.B. Pritzker was asked about the poll and said Biden’s age brings experience. “Let’s face it, Joe Biden has gotten more done in two-and-a-half years as president than most presidents get done in eight years and it’s because of his experience,” Pritzker said. “So, people can talk about age, but let’s also talk about experience.”

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Editorial: The CTU chief’s actions speak louder than her words – Crain’s*

“No matter where you stand on the contentious issue of school choice — shorthand for the debate over using state money to help families defray the cost of private schools — most fair-minded people can agree on this: Vociferous opponents of school choice should probably live by the rules they would enforce on others. And yet, it’s come to light that one of the harshest critics of school choice in Chicago [Chicago Teachers Union President Stacy Davis-Gates] — who has gone so far as to characterize those on the opposite side of the debate as racists — is sending one

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Opinion: Business shouldn’t be on the hook for $5 billion in unemployment fraud – Crain’s*

Sen. Win Stoller: “This audit revealed that due to gross incompetence and mismanagement by IDES, the state of Illinois lost more than $5 billion in wrongful unemployment payouts, including massive fraud, between March 2020 and September 2021…. Now that this audit makes it clear the unemployment insurance trust fund deficit is almost entirely the fault of gross mismanagement of the state’s unemployment insurance program, the Pritzker administration needs to face the music…. Illinois businesses did not create the state lockdowns that put people out of work, nor are they at fault

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CTU president defends sending her son to private school, calling it a result of “unfair choices” for South Side families – WBEZ

“It was a very difficult decision for us because there is not a lot to offer Black youth who are entering high school” in Chicago, Davis Gates said. “In many of our schools on the South Side and the West Side, the course offerings are very marginal and limited. Then the other thing, and it was a very strong priority, was his ability to participate in co-curricular and extracurricular activities, which quite frankly, don’t exist in many of the schools, high schools in particular.”

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Greg Hinz: Immigrants should be welcomed, not spurned, Chicago – Crain’s*

Hinz: “There is a worsening labor shortage in this town — and not just at hotels and restaurants…. That’s why Johnson, Gov. J.B. Pritzker and even some Republicans — such as Indiana Gov. Eric Holcomb — are urging Biden to take a little political risk and issue rules allowing refugees (who are in this country legally) to work while their cases are adjudicated. We’ll see what the White House does. Chicago was built by immigrants — literally. And they could help rebuild it, if the pols get out of the way.

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With 40% service cuts looming, a new plan would remake the CTA and Metra – Crain’s*

L tracks in front of Chicago skyline

With a looming financial cliff threatening to force cuts by as much as 40% in Chicago-area public transit service, voters are getting their first look at a plan that’s spent months in development on how to remake the Chicago Transit Authority, Metra and Pace for the post-COVID era. The plan is, to use its own word, “bold” — calling for new investments and fare cuts funded by expanding the state sales tax

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Illinois Legislative Staff Assoc. releases statement on Speaker Welch not recognizing their union – WAND (Decatur)

“Only eight months ago he publicly referred to efforts to undercut the labor movement as ‘extremist’, and yet that is precisely what he and his aides are now doing…. Our good faith efforts to engage with the Speaker and his aides have been either rebuffed, redirected, or met with stubborn disregard…. We have the legal right to form a union. If there was any doubt of this before, that doubt was removed by the passage of the Workers’ Rights Amendment. Equal protection under the law is a fundamental American value, and the right to organize is the law of the

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Towns could opt out of Illinois rent control ban under proposed law – Crain’s*

rent control

Individual towns and cities could decide the statewide ban on rent control no longer applies to them — that is, if legislation proposed in Springfield passes. While statewide efforts to lift the ban move slowly, “it makes a lot of sense to empower local communities to make the decision themselves if they should opt out of the current ban on rent control,” said state Sen. Mike Simmons, whose 7th District covers the lakefront from Rogers Park to Wrigley Field.

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How the ‘urban doom loop’ could pose the next economic threat – Washington Post

All across the country, downtowns, office spaces and shopping centers are at risk of becoming ground zero for a new economic hazard: the urban doom loop. The fear is that a commercial real estate apocalypse could spiral out and slow commerce, wrecking local tax revenue in the process. Crucially, wonky tax rules mean certain places are more exposed than others: Chicago and Boston, for example, have large office footprints and rely heavily on property tax revenue.

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Opinion: The simplest fix for Illinois’ Tier 2 pensions is the best one – Crain’s*

Derek Douglas, president of the Commercial Club of Chicago and its Civic Committee, Jack Lavin is president and CEO of the Chicagoland Chamber of Commerce and Sarah Wetmore, acting president of the Civic Federation: “We agree this issue needs to be addressed. But in doing so, we urge the General Assembly to stick with the simplest, most cost-effective fix for the safe harbor compliance issue: changing the Tier 2 pensionable salary cap to match the pay cap used to determine Social Security benefits, known as the Social Security Wage Base (SSWB).”

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Downtown residents give thumbs down to NASCAR repeat – Crain’s*

The online poll was conducted for Ald. Brendan Reilly, 42nd, whose ward includes the central business district. The survey was open to anyone who chose to participate and, thus, is not scientific and may have attracted a disproportionately negative sample. Of the 662 ward residents who responded to the survey, 58% said they were “negatively impact(ed)” by the closure of DuSable Lake Shore Drive and other thoroughfares, compared to just 34.7% who said they were not. The remaining 7.3% were reported as “indifferent.”

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Opinion: Let’s not let misperceptions define us, Chicago – Crain’s*

Chicago skyline

Larita Clark is CEO of the Metropolitan Pier & Exposition Authority. Emilia DiMenco is CEO of the Women’s Business Development Center. Jaime di Paulo is CEO of the Illinois Hispanic Chamber of Commerce. Michael Fassnacht is CEO of World Business Chicago. Lynn Osmond is CEO of Choose Chicago. Charles Smith is executive chairman of the Business Leadership Council: “We must do our part to communicate what makes Chicago great to our friends, colleagues and family. Rather than allow misperceptions to define us, we need to stand together as

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The Staggering Economic Impact of Taylor Swift’s Eras Tour – Time

Taylor Swift onstage during the Eras Tour's final night in Los Angeles on Aug. 09, 2023. (Kevin Winter/TAS23—Getty Images )

The Illinois governor credited the musician with reviving the state’s tourism industry after her three nights in Chicago. She was even mentioned in a report by the Fed, crediting her with fueling the national tourism industry. “If Taylor Swift were an economy, she’d be bigger than 50 countries.” Typically, every $100 spent on live performances generates an estimated $300 in ancillary local spending on things like hotels, food and transportation.

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New IL anti-doxing law could be used by ‘powerful’ to silence critics with lawsuits, threats – Cook County Record

The American Civil Liberties Union (ACLU) of Illinois opposed the law and representatives testified against it during hearings held in Springfield. “The law is hopelessly over-broad,” said Mark Glennon, executive editor of Wirepoints, a Wilmette-based economic and government research-commentary nonprofit. “It goes far beyond the malicious conduct normally associated with doxing and past clear constitutional limits on what speech the government can muzzle.”

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Chicago’s answer for car thefts: Sue the automakers – Forbes

Chicago Mayor Brandon Johnson called the automakers’ failure to include immobilizers “sheer negligence” and said it “disproportionately impacts low-income Chicago residents” noting that “offenders have used stolen Kia and Hyundai vehicles to commit other crimes, including reckless driving, armed robbery, and murder.”

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Editorial: Get set to write the Johnson administration a big blank check – Crain’s*

“Would anyone who has followed Chicago politics for any length of time ever write City Hall a giant blank check? Certainly no one in their right mind. And yet, that’s precisely what proponents of the newly redrafted “mansion tax” ordinance would have us do — and they have the added advantage of being able to characterize anyone who opposes their idea as a heartless creature who doesn’t care about the homeless people their measure is designed to help.”

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Gov. J.B. Pritzker Welcomes Hostile Foreign Spies Into Illinois’ Police Force – The Federalist

Illinois Chicago Police car

Imagine this nightmare scenario. An American citizen walking on American streets is arrested, detained, and questioned by a police officer who serves a hostile foreign government such as China, Russia, or Iran. The foreign cop might be a spy charged with keeping track of U.S.-based persons of interest on behalf of his government. This spy, who doubles as an American cop, has the power to act under American law, investigate U.S. residents, and even use lethal force, should he see fit.

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Springfield’s way of doing business should change – Opinion – Shaw Local

State Sen. Donald DeWitt: Here in Illinois, you may have noticed the constant news coverage on the many legal challenges that are making their way through the various court systems over recently enacted Illinois laws and mandates. These lawsuits are based on the grounds that the state of Illinois has violated the constitutional rights of Illinois residents.

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Loop landlord files for bankruptcy in potential delay for office-to-residential conversion – Crain’s*

A venture led by Chicago investor Musa Tadros that owns the office property at 105 W. Adams St. filed for bankruptcy protection July 31. The maneuver could delay a $178 million plan from a pair of local developers aiming to convert Tadros’ property into 247 apartments, one of five projects Chicago planning officials selected earlier this year for further review as part of the city’s LaSalle Street Reimagined initiative.

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How will Johnson fill a public health spot that’s more politicized than ever? – Crain’s*

Arwady’s departure represents a new era for CDPH, one in which Chicagoans could see the public health department and its role transform dramatically if Johnson’s policies pan out. As is clear from Johnson’s removal of Arwady, CDPH’s next leader will be under intense pressure to align policies and programs with the mayor’s ambitions. Johnson’s plans, dubbed “Treatment Not Trauma,” include sending therapists to 911 calls and reopening 14 city-run mental health clinics.

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Illinois passes a law that requires parents to compensate child influencers – CNN

Starting July 1 2024, parents in Illinois will be required to put aside 50% of earnings for a piece of content into a blocked trust fund for the child, based on the percentage of time they’re featured in the video. For example, if a child is in 50% of a video, they should receive 25% of the funds; if they’re in 100%, they are required to get 50% of the earnings. However, this only applies in scenarios during which the child appears on the screen for more than 30% of the vlogs in a 12-month period.

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Central Illinoisans weigh pros and cons of 4-day school week – WCIA (Champaign)

Hundreds of school districts across the nation are starting four-day school schedules this fall. Now, parents in Central Illinois are wondering if the state will follow suit. While more than 900 school districts in 25 states are going full force on the new method, Rantoul teacher Tonia Kirby said Illinois should pump the brakes. “We already have so many kids that don’t have structure at home, I think that day would be a detriment,” Kirby said.

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Another Progressive Double Standard – Wall Street Journal

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What is it about political leftists that makes them unable to keep their hands off Chicago parks—and also unable to live by the standards they demand of others? Now, if you can believe it, the city of Chicago has chosen a park dedicated to the city’s first female mayor as the site for a new statue of a progressive activist who didn’t support the right of

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University of Chicago report finds 30 million Americans view violences as justified to keep Trump from power – Res Ipsa

The chilling answer is found in a new report out of the University of Chicago showing that almost 12 percent of the population, representing 30 million people, believe that violence is warranted to prevent Trump from assuming the presidency. That is almost double the number who believe that violence is warranted to ensure that Trump does become president.The problem is that political figures on both sides are attempting to harness this rage. They are playing a dangerous game.

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Three Top 14 Law Reviews Are Discriminating against Conservatives; Some Schools Slow-Walk Acceptances – Chicago Thinker

Three Top 14 Law Reviews Are Discriminating against Conservatives; Some Schools Slow-Walk Acceptances

Law reviews at three T-14 law schools, Columbia (#8), Northwestern (#10), and Stanford (#1), are engaging in underhanded discrimination against conservative students. And at the University of Chicago Law School (#3), journal acceptances have been unexpectedly delayed for reasons that are not yet clear. See also <span style="text-decoration:

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Obama’s Chicago days: Biographer describes letters Obama hopes the public never sees – FOX News

Garrow called his memoir “Dreams From My Father” essentially fictionalized, said he was too lazy to be a good Supreme Court justice, and said his presidency will be considered a failure in the long run because of its foreign policy shortcomings. If he sounds like an abrasive right-wing figure, he isn’t – he calls himself to the left of Obama on issues like health care, is avowedly pro-choice and lamented Obama hadn’t modeled his post-presidency after Jimmy Carter, whose humanitarianism has often received better reviews than his one-term stint in the White House.

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‘Identity and Justice’ scholar at U of I Chicago explores ‘structural racism in chemistry’ – The College Fix

Professor Terrell Morton is an “Identity and Justice in STEM Education” scholar who “draws from critical race theory, phenomenology, and human development to ascertain Black students’ consciousness and how it manifests in their various embodiments and actions that facilitate their STEM postsecondary engagements,” according to his faculty bio.

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Editorial: Transfer tax hike is the last thing downtown Chicago needs – Crain’s*

Brandon Johnson addressing the Chicago city council

The truth is the tax as currently drafted would hit a lot of people who are far from fat cats, particularly in the residential market. The Bring Chicago Home idea has, not surprisingly, drawn vociferous pushback from commercial real estate owners in particular, who point out — correctly — that this kind of a tax, levied now, would deal a body blow to a downtown office and retail market that’s never fully recovered from the effects of COVID and the work-from-home ethos it

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O’Hare still hasn’t clawed its way back in passenger traffic rankings – Crain’s*

O’Hare International Airport was the fourth-busiest airport in North America in 2022, as it struggled to regain its pre-pandemic flying level. Last year was the second straight year that O’Hare’s total passenger count trailed not only Atlanta’s Hartsfield-Jackson International Airport, but also Dallas-Fort Worth and Denver, according to Airports Council International.

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Pritzker’s CNN Interview: People Dislike Biden’s Handling of Economy Because of ‘False Rhetoric’ from GOP, How Trump Handled COVID – Breitbart

Gov. JB Pritzker stated that people have negative views of President Joe Biden’s handling of the economy because they haven’t gotten over their feelings from “the last year of the Trump administration, in which he did absolutely nothing to protect people from coronavirus.” Pritzker also blamed “the false rhetoric coming from the Republicans, who are pushing Facebook fakery.”

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UIC Education professor probes causes of systemic racism in chemistry – UIC Today

In a commentary for Nature Chemistry, Morton, assistant professor for identity and justice in STEM education in the UIC College of Education, applied the framework of critical race theory to the field of chemistry, where diversity remains a particular challenge even relative to other sciences. He identified factors such as feelings of invisibility or hypervisibility in Black students, differences in financial and social capital, and lack of intersectionality in diversity programs as systemic barriers facing students, faculty and career scientists in chemistry.

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Gov. JB Pritzker signs law to strengthen protections for Illinois temp workers – Chicago Tribune/MSN

The legislation, signed Friday by Gov. JB Pritzker, amends the state’s day and temporary labor services law to require workers employed by staffing agencies to be paid the same as company employees they work alongside in comparable jobs once the temp workers have worked for a company for 90 days. It also makes it easier for temp workers to sue over alleged violations of the law.

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Chicago Mayor Johnson snaps at reporter for calling teen riots ‘mob actions,’ not ‘large gatherings’ – New York Post

“That’s not appropriate,” the newly minted mayor said in response to a reporter’s question about trends like “mob actions” the city has endured. “We’re not talking about mob actions. I didn’t say that,” Johnson barked back. “These large gatherings … it’s important that we speak of these dynamics in an appropriate way.”

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Lender seizes LondonHouse retail space in downtown Chicago – Crain’s*

360 N. Michigan Ave. retail

The Chicago developer that turned a historic Michigan Avenue building into the LondonHouse hotel — and sold it for a record high price several years ago — has surrendered the ground-floor retail portion of the property to its lender. The retail space adds to a long list of distressed commercial properties downtown in the wake of the COVID-19 pandemic. Many retailers in the central business district have shuttered because of a lack of regular foot traffic from office users, given the rise of remote work.

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Why Do Operators of Video Gaming Terminals Have Such Influence in Illinois? – Bonus

Video gaming terminals (VGTs) are a major industry in Illinois and influence much of what’s happening with gambling in the state. Illinois has about 45,000 terminals, far more than any other state. The terminals are located in about 8,200 locations, which include restaurants, bars, and truck stops. Perhaps the biggest reason VGTs are crucial to Illinois is the tax revenue they bring to the state and local municipalities. Illinois charges a 34% tax on the 45,000 video terminals’ income. Of that, 5% goes to local municipalities.

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Opinion: Charter schools have proven their academic worth. Chicago and Illinois must invest in them – Chicago Sun-Times

A recently released Stanford University study shows the impact charter schools can have on closing achievement gaps for students of color. Researchers discovered that students who attend charter schools show more academic growth over the course of a school year compared to their peers at district-operated schools. In Illinois specifically, that difference was equal to charter school students attending 40 extra days of school for reading and 48 extra days for math.

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Chicago-area new home sales had their biggest spring since 2008 – Crain’s*

Chicago-area builders sold more new homes this spring than they have since 2008, thanks in large part to the paucity of existing homes for sale, according to a new report. It’s an increase of nearly 38% from the same time a year ago. “I’m not at all surprised to see this surge,” said Erik Doersching, CEO of Tracy Cross & Associates. “Sales would have been even higher if more developments were open, but supply is constrained because there’s not enough building going on.”

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IL appeals panel ends lawsuit in which Pritzker accused of helping friend Thornley defraud state – Cook County Record

A state appeals court in Springfield has ended a lawsuit that could have proven to be politically embarrassing to Gov. JB Pritzker, saying Pritzker’s political ally Attorney General Kwame Raoul has “virtually unfettered” ability to shut down any action that someone seeks to bring on behalf of the state, even if the decision may appear to have political implications.

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Real estate giant Jones Lang LaSalle looks to unload part of HQ – Crain’s*

The Chicago-based company this month formally began marketing more than 61,000 square feet at its Aon Center headquarters for sublease, representing about 30% of JLL’s workspace in the East Loop skyscraper. Separately, another big new sublease listing hit the market in recent weeks from cybersecurity company Trustwave, which put its entire 71,792-square-foot office at 70 W. Madison St. up for grabs. The pair of new listings add more available office space to a downtown market already awash in it. The office vacancy rate in the central business district reached an all-time high of

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J.B. Pritzker, Public Union Boss – Wall Street Journal

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Union chiefs and the politicians they support sit on both sides of the bargaining table. That was demonstrated again last week when Illinois Gov. J.B. Pritzker signed a whopping new contract with the American Federation of State, County and Municipal Employees (Afscme). Unions are running the table in Illinois because Mr. Pritzker and state Democrats essentially work for the unions that provide the cash for re-election

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States, including Illinois, siphoned away $750 million in infrastructure law climate funds – Washington Post

With $14 billion in new federal funding, the infrastructure law was supposed to jolt efforts to protect the U.S. highway network from a changing climate and curb carbon emissions that are warming the planet. New records show the effort is off to an unsteady start as hundreds of millions of dollars are being spent elsewhere. Illinois spent $39 million elsewhere.

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Riding the ‘Barbie wave’: Chicago moviegoers and businesses alike celebrate the movie – Chicago Tribune/MSN

ENTER-MOVIE-BARBIE-FANS-5-TB

Excited fans have been leaving their Mojo Dojo Casa Houses (the character Ken’s renaming of Barbie’s Dreamhouse) and flocking to Chicago’s theaters to see what has become a summer blockbuster. In its first weekend on July 21-24, Barbie made $162 million in the U.S. and broke Warner Bros.’ opening week-Monday box office record. Businesses in Chicago have also capitalized on to the movie, giving fans a taste — literally — of the Barbie dream.

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Illinois college ordered to pay Christian student $80K for silencing conservative views – WFVX (Bangor. ME)

As part of the settlement won by Alliance Defending Freedom, three professors at Southern Illinois University Edwardsville (SIUE) will take mandatory training related to free speech on college campuses. The settlement also stipulates that SIUE officials must revise their student handbook and policies to “ensure students with varying political, religious and ideological views are welcome in the art therapy program.”

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Greg Hinz: Good intentions aren’t enough to shape smart tax policy – Crain’s*

Though business people like any other group exaggerate the downside of tax hikes, you don’t have to be a genius to conclude that jacking up taxes at a time when the Loop is reeling is counterproductive. I mean, Johnson is talking about spending tens of millions of dollars to convert old LaSalle Street office buildings to residential use. Raising the transfer tax so much at one time could undo the progress the city wants on LaSalle.

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Opinion: Something is rotten with the city of Chicago’s pension funds – Crain’s*

Dana Levenson, former Chicago CFO: “If you’re looking for a magic bullet to cure the city’s pension fund debacle, you won’t find one here. However, at a minimum, the pension funds need to achieve market returns, and benefits, unfortunately, cannot increase. If all sides could come to an agreement about what more must be done, perhaps there’s hope for the city of Chicago’s pensions. If not, get ready for the doomsday scenario: pension fund bankruptcies and huge property tax increases.”

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Chicago leads nation in home price growth at last – Crain’s*

Chicago-area single-family home values rose 4.6% in May compared with May 2022, according to new data from the S&P CoreLogic Case-Shiller Indices released this morning. That’s the highest growth for any of the 20 cities that the index tracks. At this time last year, Chicago was 18th on the list, near the end of a 61-month stretch when home values here consistently ranked at 20th or only a few places higher in terms of year-over-year growth.

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Opinion: For newly arrived investors in the American Dream, Chicago is the first stop – Crain’s*

Chicago is renowned for its deep-dish pizza, iconic skyline and rich musical heritage. It is also home to a vibrant and diverse community, with immigrants comprising 20% of the city’s population, and 14% of Illinois’. What may come as a surprise to some, considering negative national immigration rhetoric, are the achievements of this community, especially in business.

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Editorial: The taxman cometh — but he’s very, very late – Crain’s*

For the second year in a row, Cook County has delayed sending out notices to property owners informing them what they owe for the second installment of their property taxes. The county treasurer normally sends out the bills in early July, with taxes due in early August. This kind of lousy customer service — and that’s really how county officials should think of it — would never be tolerated in the private sector. If Kaegi, the Board of Review and the treasurer’s office can’t cooperate to ensure a stable, predictable flow of tax bills and deadlines, then it’s incumbent upon

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Small businesses in blue states are feeling the regulatory heat this summer – The Hill

Getting paid not to work also seems to be a popular policy in blue states this year. For example, Illinois joined two other blue states — Nevada, whose legislature is controlled by Democrats, and Maine — in passing a law earlier this year that requires employers to provide paid time off to their employees, regardless of the reason. As if high crime and taxes aren’t enough, employers in Chicago and the rest of Illinois now have lots of new regulations to deal with. In addition to the mandated time off they have to provide (mentioned above), they now face new

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Attorney General Kwame Raoul: Fortune 100’s DEI efforts are under attack by GOP attorneys general – Crain’s*

“A recent letter addressed to Fortune 100 CEOs, sent under the signature of 13 Republican state attorneys general, purported to remind corporate leaders of their obligations under federal and state law to refrain from discriminating on the basis of race….The letter’s suggestion that a private employer’s diversity and inclusion program may constitute discrimination is, in a word, ludicrous.”

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Opinion: Illinois Democrats have spent billions, yet minority families are worse off – Crain’s*

Former GOP House member Mark Batnick: “Illinois’ economic racial equity ranks worst in the nation, according to a recent WalletHub study.Despite a rich history of minority representation and executive leadership at the highest levels of federal, state and local government, Illinois minority families are materially worse off here than in any other state. How could that be? Unintended consequences.

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Opinion: There’s a stealth campaign to lure business away from Illinois. Lawmakers must halt it. – Crain’s*

Mark Hanna , Jack Lavin, Mike Murphy and Keith Staats: “The cumulative effect of perimeter rule flips dramatically increased traffic to far-west destinations intent on expanding their tourism and conference industries at the expense of traditional conference destinations, such as Chicago’s McCormick Place. More than 3,000 associations are based in Washington, D.C., and many hold an annual conference.” The perimeter rule regulates certain prized air traffic routes.

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Orphe Divounguy: Chicago housing market moves could sway our population drain – Crain’s*

“When housing affordability fell to an all-time low across the country, due in part to a large increase in mortgage rates, less expensive metros like Chicago become relatively more attractive places to live. While I’m not counting on a full reversal of Chicago’s long-running exodus, current housing market conditions may actually help slow the city’s population decline.”

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The Case Against Local Reparations – Bloomberg

As city and state programs pop up to compensate Black Americans for past harms, two experts are calling the idea of local reparations “an oxymoron.” Rather than refer to programs like Evanston’s as reparations, the authors say they should be called “racial equity initiatives.”

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Harvey, Illinois, launches bond exchange offer on defaulted debt – The Bond Buyer

The deal would allow investors to shed the bonds’ default status, resolve investor litigation, and give the fiscally troubled Chicago suburb more time to repay its debt. It’s billed by Harvey officials as a central step in an effort to restructure various debts with the aim of attracting economic development and bolstering a beleaguered tax base hurt by outmigration, shuttered businesses and an aging population. The city also has weak tax collection rates that pose a drag on its budgets.

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The States in America Where Incomes Grow Faster – Wall Street Journal*

Earnings nationwide rose 5.4% on average between the first quarters of 2022 and 2023, but much less in New York (2.6%), Indiana (2.6%), California (2.9%), Connecticut (3.4%), Rhode Island (3.6%), Maryland (4%), New Jersey (4.3%), Oregon (4.5%) and Illinois (4.6%). Meanwhile, earnings in the same period surged in North Dakota (9.7%), New Mexico (9.6%), Nevada (9.1%), Florida (9.1%), Nebraska (8.6%), Hawaii (8%), South Carolina (8%), Alaska (7.9%) and Texas (7.7%).

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Downtown’s office vacancy surge hits new record high – Crain’s*

Most of the recent uptick in vacancy came from new supply. Demand, meanwhile, was relatively strong: Net absorption, which measures the change in the amount of leased and occupied space compared with the prior period, rose by more than 427,000 square feet during the second quarter, according to CBRE. Comment: Note that these are occupancy rates based on how much space is under lease. Actual utilization based on entry card swipes has ticked up a bit recently to just over 50%.

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New York investor takes big loss on Streeterville apartment sale – Crain’s*

seneca apartment building chicago

New York-based Vanbarton Group sold the Seneca, a 286-unit vintage building in Streeterville, for $55 million in mid-June. The price represents a 27% loss of value from the $74.9 million that Vanbarton paid for the Seneca in December 2014. New York-based Vanbarton Group sold the Seneca, a 286-unit vintage building in Streeterville, for $55 million in mid-June to a unit of San Francisco-based FPA Multifamily, according to a deed filed with Cook County. The price represents a 27% loss of value from the $74.9 million that

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The Inequity of Public Education in Chicago – RealClear Politics

Illinois Republican Party Chairman Don Tracy: “Shame on Mayor Brandon Johnson, Barack and Michelle Obama, Governor Pritzker, Speaker Welch, and every other Illinois Democrat who tolerates the appalling failure of Chicago’s schools while also decrying the Supreme Court’s decision to end affirmative action at elite colleges. You are all hypocrites.”

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Study: Illinois is the lowest-ranking state in the country for Black wealth, employment – Center Square

While many are puzzled over the root of the problem in such a diverse state, systemic racism may be a factor, said Larry Ivory, president and CEO of the Illinois State Black Chamber of Commerce. Ivory brings not only a national but a global perspective to the issue as he is also chairman of the National Black Chamber of Commerce and a U.S. Chamber of Commerce member.

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Amendments to Illinois Day and Temporary Labor Services Act Impact Both Staffing Agencies and Their Clients Who Engage Contingent Workers for Work That is Not Professional or Clerical – JD Supra

Amon other things, the new law requires that laborers assigned to a client for more than 90 calendar days receive “equal pay for equal work,” including benefits, as compared to direct employees of the client. Requires staffing agencies to make inquiries about safety at the client worksite, advise the client of any existing job hazards, provide training to its laborers placed on assignment, and provide information about the training to its client.

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These Ohio pols really hate this Illinois law – Crain’s*

Power lines over an Illinois soybean field

A bipartisan group of Ohio lawmakers is blaming Illinois’ landmark 2021 clean-energy law for jeopardizing reliability in their state and potentially raising costs for their ratepayers. And they’re threatening to take legal action against Illinois in response. The Ohio legislators cited PJM’s estimate that about $2 billion in new high-voltage lines would be needed to transport power between states to make up for the plants that are closing or are required to close.

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Alderman Ray Lopez: An open letter to President Biden on what migrants — and Chicago — need now – Crain’s*

Alderman Lopez: “The longer the Biden administration waits to address this issue, the more uncontrollable this situation will become locally as well as nationally. This is not a hypothetical exercise in government; rather, it is a humanitarian crisis the likes of which many American citizens have never witnessed in their communities. It is impacting cities and states across this country and in every neighborhood struggling to address the needs of the new arrivals.”

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Partisan gap is so wide the U.S. could become ungovernable, Rep. Quigley says – Crain’s*

Reaching consensus after a close election or lively floor debate “is not guaranteed anymore,” Rep. Mike Quigley, a Democrat who represents much of Chicago’s North and Northwest sides and adjacent suburbs, said in an extraordinarily candid presentation to the City Club. “It’s no longer a certainty that we’ll recover, that we’ll get past” the disputes of the day, be they over abortion, election rules, Ukraine policy or Donald Trump. As a result, America’s foreign allies have begun to ask “whether America is back — or back for how long?” Quigley said. And uncertainty is growing over whether Congress will

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Invest South/West projects ring up sky-high construction costs – Crain’s*

affordable_housing_lightfoot.jpg

That’s one of the great ironies of Invest South/West, a massive economic development initiative launched four years ago by former Chicago Mayor Lori Lightfoot. Construction costs for the program’s affordable housing projects in some of the city’s poorest neighborhoods exceed $600,000 and even $700,000 per unit, far higher than the $450,000 to $500,000 per unit for the ritziest high-rises under construction in and around downtown.

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State investments net a record return – Crain’s*

With interest rates high and the Illinois treasury for a change relatively cash flush, the state in May earned nearly $200 million on its $43 billion investment portfolio — a record figure both in the raw amount and in the rate of return, according to Illinois Treasurer Mike Frerichs.

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Real estate agent to Chicagoans: Please don’t leave – Crain’s*

On June 21, a Chicago real estate agent sent a newsletter to 20,000 people that addressed a sore subject: people leaving the city because of crime and other problems. He urged people to stay and help heal the city’s ills. The newsletter is the latest flashpoint in a contentious debate citywide and more specifically in real estate circles. Are people leaving Chicago and, if they are, is it because of crime?

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Greg Hinz: A sign the awkward honeymoon between Johnson and biz may be over – Crain’s*

Johnson put no business people on his pension advisory panel. “That is exactly what many in business circles fear. That Johnson will smilingly take any financial offerings they choose to make in summer jobs, etc., and then ram through anything more he wants. It’s too early to say that for sure. But denying a key interest group a seat at the table, even at this stage, is not a good sign.”

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Chicago pension task force begins work – The Bond Buyer

A “working group” made up of city, state, and labor officials tasked by Chicago Mayor Brandon Johnson with finding long-term funding and structural fixes to pension funding strains held its first meeting this week with a fall legislative veto session the target for initial action.

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Letter: University of Chicago Lives Up to the Principles – Wall Street Journal

“My experience shows how the Chicago Principles work in practice. If I were at a different school, I might have been railroaded or officially denounced. Some of my classmates complained to the university’s DEI bureaucracy and communications team, but they were rebuffed. Administrators here consistently protect free speech, so students can write whatever they want without winding up in university discipline purgatory.”

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Investor takes big loss in $173 million Streeterville apartment sale – Crain’s*

North Water Apartments, a 398-unit property at 340 E. North Water St.

Invesco sold North Water Apartments, a 398-unit property at 340 E. North Water St., to Miami-based Crescent Heights for $173 million, according to real estate data provider CoStar Group. The price represents a 28% drop in value for the Streeterville property since 2016, when Invesco bought it for $240 million. Brokers and landlords say many out-of-town investors have “redlined” Chicago, wary of the risk of rising property taxes, the city’s struggles

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Pritzker faces blowback over cuts to health care for undocumented people – Crain’s*

How big of a price is Gov. J.B. Pritzker going to pay for a political deal that got his fiscal 2024 budget through the state legislature — but is now provoking unprecedented criticism from the state’s Latino community? Some answers may come this week after a weekend in which Latino leaders absolutely whacked the Democratic governor over his administration’s Friday announcement that it will make big cuts in the state’s health insurance for undocumented immigrants.

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Historic Loop office tower goes up for sale – Crain’s*

The Burnham Center at 111 W. Washington St.

A 22-story vintage Loop office tower, the last building designed by Daniel Burnham, has hit the market, and it’s likely to fetch a price that would result in a loss for its owners. A venture led by Chicago-based Golub & Co. has hired Cushman & Wakefield to sell Burnham Center, a 584,000-square-foot building at 111 W. Washington St., a property the venture bought for $80.3 million in 2019.

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Alderperson wants Chicago pension funds to invest in real estate developments – Crain’s*

Prompted by a Crain’s report on local developer Sterling Bay pitching the Chicago Teachers Pension Fund to become an investor in the Lincoln Yards development, Ald. Gilbert Villegas, 36th, will introduce a resolution at next week’s City Council meeting calling for a hearing in the Committee on Economic, Capital and Technology Development, which he chairs.He said the potential investment prompted him to wonder, “Why aren’t we doing that? Why aren’t some of our pension funds taking a look at investing in projects here in Chicago and creating economic development?”

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Falling house prices in Chicago show the toll of remote work and crime – Crain’s*

Home prices in Chicago, but not in the suburbs, have been declining all year, a warning sign that working from home and a seemingly intractable crime problem are hurting the city’s real estate market. Chicago is not alone. In five big cities with distinct city-suburban markets and declining prices, city home values are down more than those in the metro area by at least 2 percentage points.

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Opinion: How a charter would help Chicago, and how to get one – Crain’s*

Chicago’s lack of a city charter is a striking feature of its government, both because nearly every peer city has a charter — akin to a city constitution — and because a charter could support other reforms. Joe Ferguson, a former Chicago inspector general and now executive director of charter advocacy group (re)Chicago, explains how a charter could help Chicago and outlines the road map to adoption.

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Greg Hinz: Paul Vallas’ new role might reveal something about his true political leanings – Crain’s

“The rap on Paul Vallas during the mayoral race was that despite calling himself “a lifelong Democrat,” he really was a not-so-closeted conservative Republican running in a city whose overall political slant is well to the political left…. But today he offered his critics a ton of ammunition suggesting that voters were right about him after all, with the announcement that he has taken a position with the Illinois Policy Institute as a policy adviser. The institute is a Chicago-based libertarian think tank that regularly argues for lower taxes, privatized pensions for government workers and school choice. It

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Chicago and Illinois to receive more federal funds for care of migrants – Crain’s*

A knowledgeable source says the next tranche of refugee aid to be announced early in the week will include $19.3 million for Illinois, with just over half of the aid — $10.5 million — allocated for Chicago. Both surely wanted more; the Chicago City Council just appropriated more than $50 million to pay for food, shelter and other expenses through June. But it’s a lot better than the $8.5 million they had to split in the last award in May.

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Chicago-area hospitals rationing cancer medications amid nationwide shortage – Chicago Tribune/MSN

Chicago-area hospitals are struggling with a nationwide shortage of cancer medications, leading local doctors to sometimes ration the life-saving drugs. Two of the drugs in short supply are carboplatin and cisplatin. The medications are often used together to treat a range of cancers, including lung, breast, and prostate cancers, as well as many leukemias and lymphomas.

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Chicago Business Group Backs Big Push Into Violence Prevention – Wall Street Journal

The Civic Committee, which has backed other major initiatives like modernization of O’Hare Airport but has largely steered clear of public safety, this month rolled out a plan with an ambitious goal of cutting homicides in the nation’s third-largest city in half from their recent peak within five years. It involves bringing the city, nonprofits and the business community together to boost investment in neglected neighborhoods, create more jobs for people at risk of getting involved in violence and greatly expand violence-prevention efforts.

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Illinis, Maryland, New Jersey post highest foreclosure rates as U.S. as U.S. foreclosure activity spikes in May – ATTOM Data

And metropolitan areas with a population greater than 1 million with the worst foreclosure rates in May 2023, included Cleveland, OH, were: Jacksonville, FL (one in every 1,699 housing units); Baltimore, MD (one in every 1,908 housing units); Chicago, IL (one in every 1,991 housing units); and Orlando, FL (one in every 2,049 housing units).

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The Great Covid Business Migration – Wall Street Journal

A new report from the Bureau of Labor Statistics (BLS) shows that small businesses also left town. New York led in net business out-migration (487), followed by California (456), Illinois (208), Maryland (50) and Pennsylvania (33). One result is turmoil in commercial real estate in New York City, San Francisco and Chicago. Another is persistent higher unemployment in California (4.5%), Illinois (4.2%) and New York (4%), compared to a national average of 3.7% and 2.6% in Florida.

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What I Learned About ‘Woke’ Capital and Milton Friedman at the University of Chicago – Wall Street Journal

It takes time for academic work to filter into politics; Friedman’s pro-business radicalism had to wait a decade for Ronald Reagan as the 1970s saw government regulation of evermore areas of the economy. The critiques of capitalism I heard echoing around Booth’s Frank Lloyd Wright-inspired halls ring true: Politicians all-too-frequently boost big business and get a small slice of oligopolistic profits back as donations.

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Sterling Bay asks Chicago Teachers’ Pension Fund to rescue Lincoln Yards – Crain’s*

With the real estate firm under growing pressure to raise money to recapitalize the 53-acre mixed-use campus planned along the Chicago River between Lincoln Park and Bucktown, the pension fund’s investment committee voted during a May 23 meeting to investigate an opportunity to become Sterling Bay’s primary financial partner on the development, according to a video of the public meeting and investor documents obtained by Crain’s.

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Downtown apartment market not too hot, not too cold – Crain’s*

Chicago apartments skyline

After slipping into a deep freeze during the pandemic in 2020 and running hot in 2021, the market is cooling somewhere in the range of “just right.” The downtown occupancy rate remains high—94.4% in the first quarter, versus 94.5% a year earlier—but rent growth is slowing, according to the Chicago office of Integra Realty Resources, an appraisal and consulting firm.

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Illinois Invest in Kids program ends, but eligible families are eligible in nearby states – reimaginedED

 

“Sadly, the state of Illinois is in red, and seems poised to kill the Invest in Ed tax credit that provides 9,000 low-income Illinois children the opportunity to attend private schools…. A remedy however is available for these families: leave Illinois. Your state lawmakers care much more about rent-seeking special interests than they care about your family or your children. Other states not only value you more; they have much better return on investment for your tax dollars. These families are,

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Illinois Legislature Passes Equal Pay Act Amendment: Employers Likely Required to Include Pay Scale and Benefits in Job Postings – JDSupra

For employers who utilize third party vendors to announce, post, publish, or otherwise make known a job posting, the employer must supply the vendor with the pay scale and benefits, or aforementioned hyperlink. Employers who fail to provide the information to the third-party vendor will be liable for violating the posting requirement.

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Tier One and Tier Two: Public Pensions in Illinois* – Mary Williams Walsh

Former NYT reporter Walsh: “Mayor Brandon, you don’t need a working group. The answer is obvious. You’re being asked to spend billions of dollars that you don’t have, to give everybody pensions that are as good as Social Security. It would make a lot more sense to just shift your Tier 2 workers into Social Security. Other cities have already made that switch. Chicago could become an exemplar for other jurisdictions.”

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Illinois residents will soon pay more for everyday items such as gas and groceries – Center Square

After an election cycle freeze on the state’s taxes for groceries and gasoline, the two taxes, among others, are set to increase beginning July 1. Next month, the state’s gas tax will increase by 6.2 cents to a total tax of 45.4 cents, the second increase since Jan. 1. The state’s tax on groceries will also go back into effect after Gov. J.B. Pritzker put a hold on the tax during last year’s election cycle.

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Illinois, feds grapple with agreement that would advance billion dollar plan to stop invasive carp – Great Lakes Now

The Army Corps of Engineers is now on the cusp of construction on modification of the Brandon Road Lock in the Des Plaines River, 27 miles southwest of Chicago and Lake Michigan. The Brandon Road site is “the only single location” that could address the carp advance, according to the Army Corps. But there’s a glitch. The project, originally estimated to cost $275 million is now projected to cost $1.1 billion.

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Chicago Sun-Times introduces a right to be forgotten policy – Chicago Sun-Times

“At the Sun-Times, we don’t think it’s fair for stories about arrests to follow people around forever if they were never convicted or if charges were dropped or expunged. In recognition of the unintended harm that some of our work has caused, we want to be intentional about reviewing these articles and considering whether they should remain part of the searchable internet record.”

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Civic Committee’s Rx for crime is long on investment, short on cops – Crain’s*

The Civic Committee of the Commercial Club is pledging to raise tens of millions of dollars and hire thousands of at-risk individuals in a bid to finally curb the epidemic of street crime that has afflicted the city for decades But the group’s five-point program is notably silent on the volatile question of whether Chicago has enough police, a huge subject of recent debate. And it virtually ignores other key players in the city’s crime picture, notably the Cook County State’s Attorney and Cook County Circuit Court, frequently blamed for letting too many criminals go free.

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New figures show tourists flocked back to Chicago in 2022 – Crain’s*

Officials from Choose Chicago announced today that visitation to the city during 2022 was up 60% from 2021 as public health restrictions faded and a surge of leisure travelers poured in during peak tourism months. The total, reported by the city’s official destination marketing group using data from travel research firm DK Shifflet, was roughly 80% of the 2019 figure, when the city boasted a record 60.8 million visitors.

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State Street landlord misses payments on $50 million mortgage – Crain’s*

One North State at State and Madison in Chicago's LoopOwning retail space on State Street in the Loop has become so tough that the owner of one big property on the shopping strip is signaling that he’s had enough. After trying unsuccessfully to sell a 171,000-square-foot retail space at State and Madison streets, the owner missed its April and May interest payments on the property’s $49.7 million mortgage.

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How the Teachers Union Broke Public Education – Tablet

Melina Mara/The Washington Post via Getty ImagesA former public school teacher documents the profound betrayal of America’s students. “Today, the union is a captured institution, and it argues that the country must be remade for education to even be possible. Favoring ideological indoctrination over academic achievement fundamentally devalues teaching and learning. It is this devaluing that was the nail in the coffin for the school system.”

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Another Shoot-’em-Up Memorial Day Weekend in Chicago – Wall Street Journal

imageThe city’s new mayor attributes shootings to the ‘trauma’ of disinvestment. “Poverty didn’t go away over the weekend,” Mr. Johnson said. “Communities have been disinvested in and traumatized” and “you are seeing the manifestation of that trauma.” Yes, he actually said that, which goes a long to explaining why gunmen patrol the streets with impunity.

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American Cities Are Starting to Thrive Again. Just Not Near Office Buildings. – Wall Street Journal

While office towers sit empty and nearby businesses struggle to pay their bills, residential neighborhoods in America’s biggest cities are bustling again. The pandemic and remote work have done little to dent the overall appeal of cities such as New York, Chicago and Los Angeles, foot-traffic and rent data show. But “The increased vibrancy of great urban neighborhoods will never be enough to offset the decline in property-tax revenues caused by remote work and the falling values of commercial office buildings,” one city planner said.

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Joe Cahill: No cheers for the state budget deal – Crain’s*

Once again, Illinois political leaders are congratulating themselves for performing a basic governmental function — agreeing on a state budget for the upcoming fiscal year…. Until state lawmakers tackle these critical issues [pensions and property taxes], they deserve no applause for passing a budget.”

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Non-Citizen Veterans Face Deportation for Post-Service Infractions – WTTW (Chicago)

Service in the U.S. military can be a speedier route for people hoping to get citizenship, but it’s not a guarantee. Non-citizen veterans are subject to deportation for crimes committed after the military service, and application of those rules can be inconsistent across states. Reports indicate that at least hundreds of veterans have been deported, but no full accounting has ever been done.

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Budget vote brings General Assembly’s 2023 spring session to a close – Capitol News Illinois

The 2023 spring legislative session came to an end in the early hours of Saturday morning after the Illinois House gave its approval to a $50.6 billion spending plan for the upcoming fiscal year that begins July 1. The 73-38 party-line vote came around 2:30 a.m. after lengthy debate during which Democrats called the budget “balanced” and “compassionate” while Republicans claimed it masks hidden costs and fails to address the state’s most urgent priorities.

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A Chicago Self-Destruction Plan – Wall Street Journal

The new mayor’s allies lay out their agenda: ‘First We Get the Money.’ The mayor’s pals say a “city budget is a moral document.” Readers can decide what kind of morality lets criminal gangs run wild while shrinking the police force and chasing taxpayers out of the city.

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Editorial: Will Illinois Still ‘Invest in Kids’? – Wall Street Journal

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The unions claim the program strips money from public schools, but that’s nonsense. The scholarships are privately funded, and the Invest in Kids Act was part of a bipartisan bill that created an evidence-based funding model and provided $350 million a year to Illinois public schools. Since the scholarship program started, Illinois has funneled an extra $1.3 billion into public education.

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Opinion: A Chicago-centric angel investor’s message to the new mayor – Crain’s*

Christopher Deutsch, founder of Lofty Ventures in Chicago: “We are at the precipice of a mass exodus of our best and brightest entrepreneurs and their employees. These vital individuals increasingly are looking to set down roots elsewhere as they seek safer streets, lower taxes and better-functioning local government. Unless we become more competitive, our city is going to lose the very entrepreneurs we desperately need here.

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Escape From New York, Etc. – Wall Street Journal

According to the latest Census data, New York City lost 468,297 people between April 2020 and July 2022, about 5.3% of its population. That’s more people than live in the city of Miami (449,514). Other big losers include Chicago (81,313), Los Angeles (76,529) and San Francisco (65,522). San Francisco lost a larger share of its population (7.5%) than any other major city. City leaders blame remote work, but can you blame workers for not returning to offices when they face high taxes, high housing costs and declining public order? Chicago logged 41% more crimes last year than

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Professors Dorian Abbot and Jay Bhattacharya Expose Coordinated Campaign of Repression, Betrayal of Academic Freedom – Chicago Thinker

In “The Betrayal of Academic Ethics” panel discussion at the University of Chicago moderated by Professor Rachel Fulton Brown as part of the Academia’s COVID Failures symposium, Professor Dorian Abbot of UChicago and Dr. Jay Bhattacharya of Stanford University shed light on the erosion of academic freedom and the coordinated suppression campaign targeting dissenting voices during the COVID-19 pandemic.

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As leaders extend session with budget unfinished, several sweeping last-minute bills surface – Capitol News Illinois

During House floor debate, Rep. Jeff Keicher, R-Sycamore, renewed his request for an estimate as to when a draft copy of the budget might drop – or at least a revenue estimate for the state’s fiscal year that begins July 1. “You’re asking me?” replied Rep. Jay Hoffman, a Democrat from Swansea who was presiding over the House chamber at the time. Hoffman’s quip elicited laughs from members, and Keicher broke into a smile. “Funny story,” Keicher responded. “After I made my inquiry last night, I had eight members of

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Greg Hinz: Interpreting what Johnson says — and what he doesn’t say – Crain’s*

“Johnson is off to a credible start [crime and help for migrants], visiting one of those police stations to underline the city’s commitment to helping those in need, and hiring an experienced insider to serve as temporary police superintendent while a review panel vets candidates for the permanent job.However, I should have mentioned a third crisis that’s building: city finances. Johnson’s marks on that are less impressive.”

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Massive spending to fight lawsuits over wrongful convictions could cost Chicago taxpayers $1 billion – ABC7 (Chicago)

Mayor Brandon Johnson is inheriting a long list of lawsuits against Chicago filed by wrongfully convicted people who have certificates of innocence, which are granted by a judge. One such case just settled for $14.5 million. Yet, the city’s pattern of practice is to fight these cases for years, spending tens of millions of taxpayer dollars. The practice has been happening for decades.

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Joe Cahill: Call the Bears’ bluff on subsidies – Crain’s*

“The Bears are coming to Arlington Heights, and they don’t need a dime of taxpayer money to do it. Acquiring Arlington Park is a massive real estate play that will generate rich returns for team owners. They can afford to cover all the costs themselves, as the Ricketts family did when they renovated Wrigley Field and turned the surrounding area into an entertainment district.”

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Illinois biz leaders in uproar over last-second lawsuit bill that’s set to pass – Crain’s*

Business representatives are crying foul as 11th-hour legislation to allow unlimited punitive damages in wrongful-death cases is poised to pass the state Senate today and clear the Legislature. The bill, known as HB 219, flew through the House on Tuesday on a party-line vote of 75-40. The Senate Executive Committee cleared it yesterday, also on a strict party-line vote.

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Chicago City Council reacts to progressive groups’ $12 billion financial proposal – Crain’s*

A proposal to raise billions of dollars by taxing businesses and higher-income Chicago residents, released just three days into Mayor Brandon Johnson’s new term, spotlights what’s expected to be a tension point for the new mayor, as progressive allies who helped him win office seek to push him to the left, beyond the ground his administration has staked out. But Ald. Brian Hopkins, 2nd, who endorsed Johnson’s opponent Paul Vallas in the election, said, “Not a single one of those proposals would gain 26 votes if the vote were held today.”

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Gun Control Advocates Claim Initial Victory in Illinois, but Here’s Why They’ll Likely Lose the War – Daily Signal

By declining to intervene Wednesday morning, the Supreme Court didn’t make any decision about the constitutionality of the Illinois law. Instead, the high court merely allowed Illinois to begin enforcing the law’s provisions. There is plenty of reason to believe the Supreme Court will step in to vindicate both Bruen and the Second Amendment by striking down the Illinois law (or a similar law in a different state) as unconstitutional.

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Opinion: The selection of Chicago’s next top cop has become a farce – Crain’s*

Michael Masters, CEO of Secure Community Network: “Unfortunately, the way in which the process is being manipulated by certain parties has all the makings of a farce: Police officials are openly campaigning for the job, community stakeholders are working to elevate their preferred candidates and, in at least one case, a potential applicant is lobbying former superintendents for their endorsement. This shouldn’t be a popularity contest….”

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CME Group CEO Duffy says exchange is prepared to leave Chicago ‘if we had to’ – Crain’s*

CME Group is prepared to leave Chicago if the city and state take steps that are perceived as “ill-conceived,” Chief Executive Officer Terry Duffy said in an interview. Duffy’s remarks, made in an episode of the Odd Lots podcast, come as Mayor Brandon Johnson is being sworn into office after proposing additional taxes, including one on financial transactions, to help boost the city’s revenue. That plan was fiercely opposed by Chicago’s exchanges and investment firms. A higher levy would also require state approval to pass.

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Ron DeSantis assails Illinois policies and ‘woke’ ideals during Peoria visit – Journal Star

DeSantis brought a crowd of roughly 1,150 Republicans to the event at the Peoria Civic Center, plus protesters and the New York Times. While he did not announce an anticipated run for president while in Peoria, he did use a roughly 42-minute speech to take shots at Illinois Gov. J.B. Pritzker and levy a barrage of verbal jabs at Democrats, while also lauding his accomplishments as governor of Florida.

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Cash-strapped Groupon pays to end Chicago headquarters lease early – Chicago Sun-Times

Groupon, the provider of online deals that has warned it might run out of cash in the next 12 months, is terminating its lease early for its headquarters at 600 W. Chicago Ave. The company, which has laid off 1,000 employees in recent months, disclosed the lease termination in a regulatory filing. It said it paid $9.6 million to allow it to end its lease on Jan. 31, 2024 — two years earlier than expected.

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‘Crisis pregnancy centers’ could face legal action under measure poised for Pritzker’s signature – Capitol News Illinois

Upon the measure becoming law, crisis pregnancy centers could be sued under the Illinois Consumer Fraud and Deceptive Business Practices Act if they engage in “unfair methods of competition” or “deceptive acts or practices.” Crisis pregnancy centers are facilities affiliated with anti-abortion, often religious, organizations designed to deter newly pregnant women from seeking an abortion.

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Groupon terminating HQ lease early – Crain’s*

600 W. Chicago Ave.

Groupon is ending its lease for its River North headquarters two years early as it risks running out of cash, creating a big leasing challenge for Chicago developer Sterling Bay much sooner than expected. Groupon’s lease for nearly 300,000 square feet was due to expire in January 2026, but the company paid a termination fee of $9.6 million to end its commitment early.

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Biden Creates Problems, Then Walks Away – Wall Street Journal*

Here, the political equivalence between progressive fecklessness at the local and national level may end. Put it this way: What happens in Chicago, stays in Chicago. Chicago’s electorate—which, as in the other cities, is a political coalition of public unions and progressive sophisticates—just replaced Mayor Lightfoot with the even-more-left-wing former teachers union organizer Brandon Johnson. So be it. Be sure to wear a helmet when you hit the wall. It’s less likely, though, that a national electorate will let Mr. Biden or congressional Democrats off the hook in 2024 for their who-cares management of spending and the border.

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Northwestern Student Body Freezes Funds for College Republicans Due to Posters for Conservative Speaker – Jonathan Turley

“Northwestern University has long been a school hostile to free speech. My alma mater was ranked 197 out of 203 universities for free speech in a major survey by FIRE…. This month showed why Northwestern developed a reputation for speech intolerance and a lack of ideological diversity. Northwestern University’s Associated Student Government suspended the funding for the College Republicans due to objections to posters for an event featuring writer and critical race theory critic James Lindsay.”

 

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Durbin, Duckworth among Democratic senators urging Biden to allow states to sponsor noncitizens to expand workforce – The Hill

Text of letter linked here. “[I]n recent years, our nation has experienced a significant increase in migration to our southern border. Many migrants are ready, capable, and willing to meet our nation’s workforce needs. Recent analysis demonstrates that a rebound in immigration in the last year has helped ease labor supply pressures.”

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How Brandon Johnson is starting to build bridges in the City Council – Crain’s*

Erica Bland-Durosinmi, Johnson’s transition adviser on intergovernmental affairs, said his election provided a “mandate” around three issues: “addressing mental health, addressing youth employment and addressing revenue with the city.” After a wave of retirements and progressive wins across the city, City Council observers believe Johnson walks into office on May 15 with somewhere between 18 to 22 aldermen in his camp, just shy of a 26-vote majority.

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The risk of an urban doom loop for America’s old-line cities – Financial Times*

Commercial office space available for lease is at record highs in the US, as cities — particularly large ones in the north — have struggled to bring workers back to the office full time. Please use the sharing tools found via the share button at the top or side of articles. Mobile phone data collected from city centres tells a dismal story. According to the private equity firm Apollo, phone activity in San Francisco is at 31 per cent of pre-pandemic levels, New York is at 74 per cent and Chicago at 50 per cent of 2019 levels.

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Howard Tubman: As Guggenheim eyes the exit, Johnson needs to rethink his message to biz – Crain’s

Tech pioneer Howard Tullman: “Companies of all sizes are leaving the city and the state and voting with their feet as they seek out safer, more corporate friendly, and better-managed communities for their people and their businesses. Someone needs to reach out in a hurry to try to stem this tide or we won’t have much of a central business district or an economy left in Chicago. But the confused and hostile messaging the mayor-to-be has promoted has done exactly the opposite of what is desperately needed.”

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Chicago’s Guggenheim Partners readying move to Miami – Crain’s*

Another pillar of Chicago’s financial community is headed toward the exits — and apparently has quietly slashed its Chicago workforce in recent months. Multiple industry sources report that Guggenheim Partners, an investment firm which has employed roughly 1,000 people in the West Loop, is on the verge of deciding to move its headquarters to Miami, the Florida city to which Citadel recently decamped.

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Chicago’s Sanctuary City Awakening – Wall Street Journal

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Posturing as a “sanctuary city” used to be fun when it meant resisting Donald Trump, but now the migrant crisis is everywhere. “We simply have no more shelters, spaces, or resources,” Chicago Mayor Lori Lightfoot says in a letter Sunday to Texas Gov. Greg Abbott. “Though I am sympathetic to the significant challenges that border cities face, this situation is completely untenable.”

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The Blue State Exodus Accelerates – Wall Street Journal

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“Sorry, Mr. Pritzker. The data is clear that Illinois and other states dominated by progressives are losing human talent in droves to better-governed states.” New IRS data shows a net 105,000 people left Illinois in 2021, taking with them some $10.9 billion in AGI. That’s up from $8.5 billion in 2020 and $6 billion in 2019. See Wirepoints own details on the new IRS numbers <a

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Federal Judge Enjoins Illinois Assault Weapons Ban – Jonathan Turley

The decision comes after two other district courts ruled in favor of the law — sending this issue to the United States Court of Appeals for the Seventh Circuit and potentially the Supreme Court. These long-awaited challenges that will test the Democratic calls for removing all AR-15s and similar weapons, including calls from President Joe Biden.

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Shopping center damaged in George Floyd protests is being sold out of bankruptcy – Crain’s*

Chatham Village Square shopping center

The shopping center at 8500-8700 S. Cottage Grove Ave. suffered a major setback from the mayhem that followed the murder of George Floyd by a Minneapolis police officer in late May 2020. Chatham Village Square was “one of the epicenters of the most destructive forces related to the protests,” according to a court filing. The venture filed for bankruptcy protection last May, about five months after being hit with a foreclosure suit.

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Latest Case Shiller Index: As home prices drop in more big metros, they’re still rising in Chicago area – Crain’s*

Chicago-area single-family home values rose 3.6% in February compared with February 2022, according to the S&P CoreLogic Case-Shiller Indices. That increase is on top of a 13.1% increase a year ago, meaning prices continue to beat those from the boom time. In eight of the 20 major U.S. cities the index tracks, home prices were down in February from a year ago.

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No fact checking by Chicago Tribune on guest op-ed about challenges to school boards: the false narrative of extremism – Wirepoints

The Chicago Tribune last week ran a guest op-ed by four New Trier Township residents about “right wing” groups around the country trying to influence school board elections with “extreme partisanship” and “national agendas.” It contains claims the Tribune knows or should know are false — as well as a phony narrative the Tribune itself routinely tries to paint.

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Lawmakers could take ‘master class’ on corruption with ‘ComEd 4’ closing arguments set – Center Square

State Rep. Ryan Spain, R-Peoria, said some changes he sees arising out of the trial is closing lobbying loopholes, making better disclosure on the origins of legislation, bringing reforms to how bills move out of committees, and how witness slips are managed. “We really got to take a master class in the manipulative practices of the leaders of this body of the past and the way that business is done here,” Spain told The Center Square.

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When Chicago Flushed the Toilet Tax – Wall Street Journal

Mayor Richard J. Daley of Chicago, acting on instinct, knew just what to do: Say “no” to easy revenue that had been coming in for years. The city’s reputation was far more valuable. By dropping a charge of ten cents for public toilet use in 1973, he provided an object lesson in how not to leave a needlessly bad taste in the mouths of residents and visitors.

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Wall Street Boosts States’ Credit Scores as Recession Worries Cloud Outlook – Bloomberg

The better state ratings are due in part to the positive effect of federal pandemic aid, which some states used for one-time expenses while others set cash aside for the future. State treasuries also saw an influx of tax revenue from residents — bolstered by US stimulus money sent to individuals — who spent on services at home at the height of the pandemic, and on travel after Covid lockdowns were eased. Still, a slowdown in the US economy this year is causing concern that states can

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Joseph Epstein: Leave ‘the American People’ Alone – Wall Street Journal*

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Politicians who glibly cite the true wishes of “the American people” as the motive for their actions are also simultaneously congratulating themselves for their insight. I think of four Illinois politicians nearest, though far from dearest, to me: Tammy Duckworth, Dick Durbin, Jan Schakowsky and J.B. Pritzker. A smarmy plea for unity rings especially false at a time when the country is so deeply divided.

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The New Machine Is Born – Second City Teachers

Former Chicago Teachers Union President Jesse Sharkey proclaimed a New Chicago Machine would emerge after the election of the CTU’s very own Brandon Johnson. “They attacked the CTU for being a political machine which gave out tax breaks to rich developers and wealthy businesses,” said Sharkey, who is now a citywide delegate teaching at South Shore High School. “It was a cruel ridiculous attack on us. I want to build a different machine.”

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Some young people fear fallout of Loop chaos could be more racial profiling – CBS2 (Chicago)

very teenager out on the streets of the Loop last Saturday night was not there to start trouble. CBS 2’s Terry caught up with a group of supervised youngsters who became swept up in the “takeover” mayhem – and who now fear when, and if, they come back downtown, people will look at them with side eyes because they, in their words, “fit the description.”

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Vallas Sues Consultant Who Allegedly Defrauded Campaign Out Of $680,000 – NBC5 (Chicago)

The suit, filed in Cook County Circuit Court, alleges that Chimaobi Enyia told the campaign that he had effectively been given a “blank check” for $700,000 to do campaign work in those communities ahead of the mayoral runoff on April. Enyia was allegedly unable to account for $680,000 he received over a series of payments, and the Vallas campaign is now pushing to recoup all the money Enyia was paid.

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Ald. Matt Martin: Chicago should join other cities and take fossil fuel companies to court over the climate crisis – Chicago Tribune*

Protesters calling for action to combat climate change at Daley Plaza in Chicago in 2019.

Alderman Martin: “It’s time to make the polluters that created this mess pay their fair share. As we usher in a new era of leadership, Chicago should join the growing number of cities and states across the U.S. that are taking legal action to hold Big Oil companies accountable for their role in the climate crisis and make them pay for the damage they cause.”

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ComEd wants a $247 million rate hike on top of the $1.5 billion hike already pending – Crain’s*

The main driver of the increase is far higher interest rates, which caused the interest on Treasury bonds to rise in 2022. The old formula rate tied ComEd’s return on equity — the profit it earns on its investments in the local power grid — to the yield on 30-year Treasury bonds. For most of those years that interest rate was low. That changed when the Federal Reserve hiked rates rapidly to combat inflation.

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Socially Engineering the Suburbs – Wall Street Journal

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The Department of Housing and Urban Development is proposing a rule that would require towns that receive federal money to create “equity plans” for fair housing and take action to end racially unbalanced neighborhoods. In other words, the Biden bureaucracy wants to socially engineer suburban neighborhoods to its racial and ethnic liking. Community development block grants, known as CDBGs, are widely distributed across the country, including

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Opinion: Chicago, more than ever, is ready for reform – Crain’s*

Ed Barchrach and Austin Berg: “Chicagoans must ask those who fear a charter: Have they ever actually seen or read one? Do they know the history of how charters in other big cities like New York and Los Angeles came about and are regularly revised? Chicago, more than ever, is ready for reform. According to those well served by the status quo — it never will be.”

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Will school choice destroy the Democratic Party? – Spectator

school choice

On the one hand, choice advocates have clearly made some remarkable progress over the last two years. Setting up a genuine educational marketplace in California, Illinois, Massachusetts or New York will prove much harder. Nevertheless, it does seem likely that, over the long run, even Democrat-dominated legislatures will have a hard time resisting school choice, especially as their parent constituents learn how well red state students are doing compared to their own.

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Editorial: Judging Johnson by the company he keeps – Crain’s*

“What’s striking about the transition team revealed April 12 isn’t so much that they are ardent progressives whose main professional experience is in the spheres of union governance and grassroots activism….No, what really stands out is how little actual government experience is shared among the five people Johnson is surrounding himself with at this critical juncture. Also noteworthy: The team’s résumés contain little in the way of experience running a business or even working in the private sector.”

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New Trier Doubles Down on Racial Equity Agenda – New Trier Neighbors

New Trier reiterated its commitment to “equity” (i.e., DEI) by announcing plans to hold an “Equity Summit” this summer for all New Trier feeder districts. New Trier board members and administrators uniformly affirmed their commitment to push New Trier’s DEI/equity work “down” into every North Shore elementary school, with Superintendent Paul Sally noting this is “K-12 work” “just like English and Math,” and “up” into each North Shore home. Meanwhile, New Trier’s test scores have fallen 17 points (reading) and 11 points (math) since 2017, while spending per pupil has increased 37% since 2010.

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Illinois Supreme Court justices deny motion for recusal in gun ban challenge – Center Square

Before Elizabeth Rochford and Mary O’Brien were elected to the Illinois Supreme Court in November 2022, Gov. JB Pritzker gave each of their campaign funds half a million dollars from both his campaign account and a revocable trust, totaling $1 million to each. The two justices also received six-figure donations out of a campaign fund controlled by Illinois House Speaker Emanual “Chris” Welch”.

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Record suburban office vacancy becoming tenants’ problem, too – Crain’s*

Demand for office space in the Chicago suburbs took a turn for the worse to start 2023, driving up the vacancy rate to a record high for the ninth consecutive quarter. The share of available office space across the suburbs rose to an all-time high of 28.5% at the end of March from 27.9% at the beginning of the year, according to data from Jones Lang LaSalle. The new vacancy rate is up from 27.1% a year earlier and 22.1% when the COVID-19 pandemic began.

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Planned legislation limiting influence of labor unions in local elections put on hold – Crain’s*

Chicago Teachers Union

A measure that would curb the influence of the Chicago Teachers Union and other labor groups in city elections could be introduced soon after a new City Council begins its term in May. Ald. Gilbert Villegas, 36th, is crafting an ordinance capping contributions from labor unions to candidates for city office at $1,500. Although he initially planned to introduce the measure this month, he told Crain’s on Wednesday he will do so in May or June after his labor allies reached out and asked to “provide

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Omnicom’s Chicago office consolidation is part of a ‘massive’ nationwide move – Crain’s*

A holding company spokeswoman said, “with current occupancy, as low as 12%, on average, our real estate team has reconfigured our offices to accommodate 60%-70% of our staff five days a week (3 days a week of attendance).” Omnicom’s Chicago shakeup follows a February move by Publicis Groupe to put 350,000 square feet of its downtown Chicago offices up for sublease.

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Slowdown hits Chicago venture funding – Crain’s*

Venture-capital funding in the first quarter fell to its lowest level in 2 1/2 years as a wobbly economy and sagging valuations in tech took hold. Funding for Chicago startups dropped 59% from fourth-quarter 2022 to $590 million, the lowest total since fall 2020, according to data from the Venture Monitor produced by PitchBook and the National Venture Capital Association.

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Estimates of DNC 2024 economic impact are overblown, some experts say – Crain’s*

The 1996 study showed that the event would generate $24 million in projected tax revenue, which factored in primary and secondary impacts on the city’s economy, including employment and business activity. Allen R. Sanderson, a senior instructional professor in economics at the University of Chicago, believes the city will be lucky to not land in the negatives when the convention is over, mentioning the cost of security measures for such an event.

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Aon Center owner staring down loan trouble – Crain’s*

Aon Center

“The New York real estate firm that owns the Aon Center came up short on its mortgage payment last month and is asking its lender for more time to pay off the loan as a July deadline approaches, red flags that the city’s second-tallest office tower could add to the rampant distress plaguing downtown real estate…. The mortgage trouble is a product of a downtown office landscape that has gone from worrisome to ugly for building owners.”

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Planned legislation limiting influence of labor unions in local elections put on hold – Crain’s*

A measure that would curb the influence of the Chicago Teachers Union and other labor groups in city elections could be introduced soon after a new City Council begins its term in May. Ald. Gilbert Villegas, 36th, is crafting an ordinance capping contributions from labor unions to candidates for city office at $1,500. Although he initially planned to introduce the measure this month, he told Crain’s on Wednesday he will do so in May or June after his labor allies reached out and asked to “provide input” about the ordinance.

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DePaul faces $56.6 million deficit, plans cuts – Crain’s*

DePaul University Chicago

The private Catholic school, which said it typically makes budgetary decisions in the fall, moved that date to March to get ahead of the sizable deficit, which DePaul said is a result of “slowing enrollments, increasing financial aid, rising costs and the loss of COVID-related federal funding.”

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Barstool Sports moving HQ to Chicago from New York City – Crain’s*

400 N. Noble St.

Barstool, acquired last year by casino operator Penn Entertainment and well known for its sports and entertainment podcasts, recently signed a deal for around 40,000 square feet at 400 N. Noble St. on the Near West Side, according to people familiar with the deal. Barstool is expected to formally move its operations to the building from Manhattan in September.

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Editorial: The Left Wins Big in Midwest Elections – Wall Street Journal

“Republicans had better get their abortion position straight, and more in line with where voters are or they will face another disappointment in 2024. A total ban is a loser in swing states. Republicans who insist on that position could soon find that electoral defeats will lead to even more liberal state abortion laws than under Roe. That’s where Michigan is now after last year’s rout.”

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My Condolences to Brandon Johnson, Next Mayor of Chicago – Meep

Actuary Mary Pat Campbell: “I’m willing to bet Vallas will be very happy in about a year when he sees the hideous financial mess he will not have to deal with. To be sure, he’s been through some of this before, but I am not sure he really understands how nasty it is. I am sure Johnson really has no idea how nasty the situation he’s going to be in. He and his union buddies may think there is a big pot of money they can grab at…. I have a feeling they will be corrected in their belief.

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The new mayor of Chicago’s ruin – The Spectator

brandon johnson

Charles Lipson: “Johnson represents a clear victory for the Alexandria Ocasio-Cortez wing of the Democratic Party and for the role of public-sector unions within it. The national implications are clear. And the implications for those who live in Chicago are huge.”

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The Democratic Party of Illinois Celebrates Success of Unprecedented Municipal Race Program

After a resounding number of local election wins, the Democratic Party of Illinois (DPI) is celebrating its success in preventing extremists from being elected to numerous school and library board seats across the state. While results are yet to be certified, 73 of the 101 extremists that DPI identified and opposed lost their races, and of the 117 candidates recommended by DPI, 84 were elected.

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As ominous clouds gather over Chicago, progressivism marches on – Washington Post

When a deeply troubled city chooses to double down on all the policies that aren’t working, it’s like watching sailors on a sinking ship bailing water in instead of out. Welcome to Chicago. It might well be that some of the nation’s major cities have now created a self-perpetuating progressive vicious cycle, where the policies enacted make the residents most inclined to oppose them decide to move out, leaving increasingly larger majorities of the voters who support those policies.

 

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Crime, finances, pensions top market’s concerns about new Chicago mayor – The Bond Buyer

“The situation demands quick action. Crime is the biggest point and has financial implications for the tax base, but there’s pensions, downtown vitality, the CTA’s problems, and schools,” said Richard Ciccarone, president-emeritus of Merritt Research Services. “When you have a confluence of going on that’s the danger and when you raise your risk level.”

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Brandon Johnson is Chicago’s next mayor. So what’s next for CPS? – Chicago Sun-Times

Johnson will likely turn to Springfield pretty quickly for more funding for CPS. Johnson will have immediate allies in the 10 state senators and 12 state representatives who endorsed him for mayor. But it’ll be a tall task that many before him have failed to accomplish. If he falls short, he’ll need to find another way to prevent a $600 million deficit in the 2025-26 school year.

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Empty downtown Chicago workspace jumps again as economic fears grow – Crain’s*

The amount of available workspace in the central business district rose during the first quarter to 22.4%, up from 21.4% at the end of last year, according to data from real estate services firm CBRE. The new vacancy rate is up from 21.3% a year ago and dwarfs the 13.8% vacancy rate at the start of the public health crisis. Note: These occupancy numbers are based on what’s leased. Actual occupancy based on usage is currently about 50%.

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Milton Friedman’s School Choice Revolution – Wall Street Journal

“Friedman was primarily concerned with education. But choice in education turns out to have far-reaching consequences for politics, where teachers unions hold great power. Look at the Chicago Teachers Union, which is now trying to elect a former CTU organizer as mayor.” Comment: Obviously written before Chicago’s election results came in, making it all the more true.

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Corey Brooks: It’s time to move beyond the politics of race – Crain’s*

Paul Vallas and Brandon Johnson“My community is on the bottom of everything in America — education, single parent households, violence, and on. It is not fair that they were born into such a deprived area but that is their fate…. They may face racism just as a Jew may encounter anti-Semitism, but by aiming high they will land higher and when they pass along these good faith lessons to their children, that generation will land even higher.”

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Editorial: Aldermen did a very Chicago thing — and voters should worry – Crain’s*

What the public got last week instead was an ugly display of sleight of hand in broad daylight. It also brought out the worst in council bickering and finger-pointing that must have left a pit in the stomachs of any city taxpayer who was paying attention. The votes on the rules and committees expansion were nothing short of several city legislators taking advantage of a rare gap in power while the rest of the city was focused on the largely unknown outcome of this week’s runoff election. In this case, not only were newly elected members not seated at the

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McDonald’s Temporarily Shuts U.S. Offices as Chain Prepares for Layoff Notices – Wall Street Journal

The Chicago-based fast-food chain said in an internal email last week to U.S. employees and some international staff that they should work from home from Monday through Wednesday so it can deliver staffing decisions virtually. McDonald’s employs more than 150,000 people globally in corporate roles and its owned restaurants, with 70% of them located outside of the U.S., the chain said in February.

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Editorial: Chicago Teachers Fight a Union Political Ploy – Wall Street Journal

image

The Chicago Teachers Union (CTU) is all-in for mayoral candidate Brandon Johnson, and it wants every member to finance the bet. Yet plenty of teachers didn’t sign up for this cause, and they’re fighting union leaders for their right to stay out of it. As the Supreme Court has ruled, union members have a constitutional right not to fund political speech or causes they

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‘Black labor v white wealth’: can a progressive win Chicago’s mayoral election? – The Guardian

“This is about Black labor versus white wealth. That’s what this battle is about,” Brandon Johnson said. “This is about providing community access to the very public accommodations which Black people fought for, especially after emancipation. It’s what the descendants of slaves in this room are fighting for: public education, public transportation, affordable housing, healthcare and access to jobs.”

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Joseph Epstein: Can Paul Vallas or Brandon Johnson Do Anything About Crime? – Wall Street Journal

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“While neither candidate has put forth a realistic solution to the crime problem, it is difficult to do something about a problem when you aren’t even allowed to talk about it candidly. No one really believes that pandemic school closures drove young men to commit crimes, or that deploying legions of social workers and therapists will save the day. No one is permitted even to

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Chicago Teachers Union members file unfair labor complaint against union over dues money funneled to Brandon Johnson mayoral campaign – Chicago Tribune/Yahoo News

Three CTU members filed an unfair labor practice complaint against the union. Questioning the union’s approximately $2.2 million in donations to Johnson’s campaign for mayor, the complaint alleges CTU “breached its duty of fair representation to its members” in using membership dues for political purposes, contrary to a policy stated in the union’s member handbook.

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Brandon Johnson pays off debts to city of Chicago after owing thousands of dollars in unpaid bills, fines – FOX32 (Chicago)

Chicago Ald. Anthony Beale responded to this report with the following statement: “Not paying your water bill and owing the city over $3,000 when you make over $175,000 per year as a paid lobbyist like Brandon Johnson is ridiculous and irresponsible. Johnson is earning a six figure salary as a union lobbyist and another taxpayer funded salary as a County Commissioner, he wants to raise taxes by $800 Million, but won’t even pay his own bills. Chicago needs a Mayor who can manage our city, not someone who can’t even manage his own money

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Statehouse measure targets anti-abortion pregnancy centers – Crain’s*

A bill targeting the practices of crisis pregnancy centers that do not perform or support abortion passed the Illinois Senate this morning. The measure now goes to the Illinois House. The sponsor of Senate Bill 1909, state Sen. Celina Villanueva, D-Chicago, said in a statement that the bill prohibits the use of deceptive practices that interfere with an individual seeking to gain entry or access to the provider of an abortion or emergency contraceptives, or induce a person to enter a limited-services pregnancy center, in advertising or soliciting.

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UChicago race center presentations on ‘Black Penis’ and ‘transracial adoption’ – Campus Reform

WATCH: UChicago race center presentations on 'Black Penis’ and ‘transracial adoption’

Warren’s talk centered around “rethink[ing] the Black penis without the phallus, gender, and ontological narcissism.” He argued that the Black penis represents nothingness. “It is the phallus that determines the intensity of existence within the world … The Black penis is the very thing from such a great distance from the phallus, with an intensity of zero. Black existence is inexistent.” Warren quoted the Marxist psychoanalyst and philosopher, Frantz Fanon, who said that

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Power outage at speaker’s daughter’s place prompted executive response at ComEd – Center Square

One intern candidate had a 1.1 GPA, according to emails prosecutors showed on Tuesday. When Marquez pointed this out to McClain, McClain responded “Holy mackerel, even mine was higher than that number!” Marquez testified that he considered requests from McClain to be directly from Madigan. In one instance, Nicole Madigan, at the request of her father, emailed McClain in 2012 because of a power outage at Tiffany Madigan’s place. McClain in turn emailed Marquez. When power was restored, McClain responded with an email that said, in part, “Fidel Marquez dropped and did … Enjoy.”

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With 1,500 vacancies, Chicago Police ramp up recruiting efforts – Center Square

In Chicago, as recently as in 2021, 660 officers retired and collected pensions, exacerbating the issue of staffing and leaving department heads scrambling to keep neighborhoods adequately patrolled. Even with an uptick in new hires in 2022, the number of sworn police officers across the city has not increased much as those numbers have been offset by ongoing departures.

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IL Supreme Court: Employers can use federal law, CBAs to block unionized workers from suing over fingerprint scans – Cook County Record

The Illinois Supreme Court has thrown a rare brake on the ability of workers and trial lawyers to target employers with potentially massive payout demands through class actions brought under Illinois’ stringent biometrics privacy law, as the high court declared employers can use federal labor law to block unionized workers from suing them over required worker fingerprint scans.

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City paid $117M to settle lawsuits in 2022; Loevy firm represented clients getting at least $42M of that total – Cook County Record

The law firm of Loevy & Loevy has particularly benefited from the city’s settlements. The firm is closely aligned with the Chicago-based Exoneration Project, a non-profit organization associated with the University of Chicago School of Law, which has petitioned courts to reopen criminal convictions, even for criminals who have confessed to heinous crimes.

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Why Illinois Should Enhance its Investment in Higher Education – CTBA

Ralph Martire’s Center for Tax and Budget Accountability: After adjusting for inflation, state funding for Illinois colleges and universities has fallen by nearly 50% since 2000, while tuition has more than doubled, making it increasingly difficult for students from low- and middle-income families generally, and Black and Latinx students specifically, to afford getting a higher education degree.

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Column: Reclusive Madigan pulled strings from behind the scenes – Champaign News-Gazette

Jim Dey: One asked the other if he should assign “agents” to deliver “body blows” to their target. “I know you’ve got a law degree, but you’re more of a street fighter than anybody knows, except maybe for guys like me. And if you want to put the squeeze on the guy, you could hurt him pretty badly.” That’s a snippet of a conversation between Michael McClain and former Illinois House Speaker Michael Madigan.

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How to save America’s public transit systems from a doom spiral – Vox

America’s largest public transportation systems are facing their greatest challenge in generations — a crisis with the potential to decimate their service, cripple local economies, and diminish quality of life. In New York City, for instance, 32 percent of commuters in 2019 traveled to work via transit; the figure in Boston was 13 percent and in Chicago 12 percent.

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With billions in funding on the line, Illinois looks for coordinated pitches from universities, politicians and business groups – Crain’s*

Making a coordinated pitch is crucial to winning a bonanza of federal dollars that are about to be unleashed by recent legislation, such as the CHIPS & Science Act, the federal infrastructure bill and the climate-focused Inflation Reduction Act. The Brookings Institution estimates that at least $80 billion is up for grabs in competitive grant programs awarded to towns, cities, states and regions.

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$175 million in ARPA grants available to certain businesses hurt by pandemic – Center Square

The Department of Commerce and Economic Opportunity (DCEO) officially launched the latest $175 million in available resources for restaurants, hotels and creative arts businesses and organizations, all of it coming from the American Rescue Plan Act with allotments for each business being based on revenue declines and tax returns. With applications being accepted from April 5 to May 10, all applicants will receive a grant as long as they meet eligibility requirements, submit proper documentation and attestations outlined by the program.

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Illinois House members pass hundreds of bills onto the Senate – WGLT

It was a very busy week at the Illinois statehouse last week. The House of Representatives raced to beat a deadline Friday to move substantive bills that originated in that chamber over to the Senate. The week featured long nights, short debates that at times got testy and the passage of hundreds of bills. Here are some of them:

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School funding formula hasn’t kept up with the times, Kaegi says – Crain’s*

Sometimes our business community has a knee-jerk opposition to looking at any changes for how we finance things like schools,” Cook County Assessor Fritz Kaegi says. “But I think people are starting to realize that if we want to lower property taxes, instead of shifting the burden to other property taxpayers, the better way is to figure out how we get levies down. Really addressing the way education is financed is the only way that we can lower property tax levies from here. That’s the only way.”

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Harris Poll: CPS sets an ambitious path for success, but public holds little optimism for improvement – Crain’s*

According to a recent Harris Poll survey, only 3 in 10 Cook County residents (31%) rate the area’s public education system positively (i.e., good, excellent). Almost the same number (28%) rate the local school system as poor. Locals’ dim view of their schools are made clearer when comparing them to other public-school districts nationally: Only 13% of Cook County residents consider local public schools to be better than other areas in the U.S., while more than one-third (36%) consider them to be worse.

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Educating Illinois: A Look at the Evidence-Based Funding Formula – CTBA

“After six years of implementation, five of which included new year-over-year funding, Illinois’ school funding formula – the Evidence Based Funding for Student Success Act, or EBF – has worked towards its promise of closing Illinois’ drastic funding and achievement gaps between schools in property-rich and property-poor districts, as well as between schools in predominantly white communities and schools that serve predominantly students of color.”

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‘Uncomfortable’: Students Slam School That Threatened To Punish Those Who Protest Trans Kids In Bathrooms – Daily Caller

On March 17, a group of nearly 150 Waterloo High School students lined up to use the nurse’s restroom after being told if they were uncomfortable sharing a bathroom with a student of the opposite sex, they could use the single-stall unisex bathroom, students told the Daily Caller News Foundation. Following the protest, Superintendent Brian Charron notified the school community that the students who stood in line were marked tardy from class and those who continue to protest the issue will be disciplined, a move students believe is unfair.

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For Illinois farmers, corn dispute with Mexico raises concerns – Pantograph

Mexico has announced plans to ban genetically modified corn for human consumption and eventually for animal feed. The country is a top importer of U.S. corn, most of which is genetically modified, and U.S. officials said earlier this month that they were asking for consultations with Mexico over the ban. “That could have a devastating impact on our export market,” said Jeff Kirwan, a member of the Illinois Farm Bureau’s board of directors.

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