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-- Illinois News Digest --

Teachers Union Wants Fund Managers Fired for Advocating Pension Reform

May 22, 2013

Pension funds pressured to deny First Amendment rights to hedge fund managers the unions don't like.

Illinois News

Highlighted Stories

  • Staggering debt obligations of House’s pension reform should require 60% approval – Eden Martin

    May 23, 2013

    At long last somebody asks why the requirement for a 3/5 vote for incurring state debt should not apply to pension debt.

  • IRS employees’ union generous to lots of Illinois Democrats, 1 Republican – Illinois Review

    May 22, 2013

  • Illinois Tech Jobs Growth Better Than Reported – Illinois Tech. Ass.

    May 20, 2013

  • Illinois Dems see permanent majority with lower voting age, Hispanic “millennials” – Illinois Review

    May 17, 2013

    Pending legislation sponsored by Dems will lower voting age to 17, though just for primary elections.

  • Not anymore: IL unions don’t want Obamacare as their health-care choice – Watchdog.org

    May 17, 2013

  • Will DuPage County Lead the Way to Eliminating Wasteful Units of Government? – Reboot

    May 17, 2013

    Bill passed by the General Assembly would allow DuPage County to consolidate units of government.

    Might set precedent for the rest of Illinois.

    Governor Quinn still needs to sign it.

  • Illinois jobless rate dips to 9.3 percent in April

    May 16, 2013

  • Michigan projects unexpected $483 million budget surplus – The Detroit News

    May 15, 2013

  • Fracking Illinois: Compromise reached in fracking legislation – Chicago Tribune

    May 15, 2013

  • Audit: Less than half of state road fund spent on roads – State Journal-Register

    May 15, 2013

    Gasoline taxes are supposed to go towards roads.

Illinois News Feeds

Immigration advocates urge GOP to 'remember November'
24 May 2013
Illinois temporarily halts transfers of disabled
24 May 2013
State Senate approves health-coverage exchange plan
23 May 2013
Officials ask for more federal flood help
23 May 2013
Busy holiday weekend expected at Chicago airports
23 May 2013

National

Illinois judge charged with heroin, gun possession - Fox News
24 May 2013
Sandy who? Jersey shore opens for summer seven months after storm - Reuters
24 May 2013
In deeply religious Oklahoma, prayer brings solace after tornado - Chicago Tribune
24 May 2013
Obama challenges Naval Academy graduates to help restore trust in institutions - NBCNews.com
24 May 2013
Suspect in Killing of Officer Found Dead... - ABC News
24 May 2013
Washington bridge collapse: 'A white flash, and cold water' - Los Angeles Times
24 May 2013
Biographer regrets affair with former CIA director - NewsOK.com
24 May 2013
Republican Senate candidate calls congressman Markey 'pond scum,' claims ... - Boston.com
24 May 2013
Clinton leads Iowa — but not by a whole lot - Kansas City Star
24 May 2013
Obama: US at 'crossroads' in fight against terrorism - Washington Post
24 May 2013

World

Woolwich attack: live - Telegraph - Telegraph.co.uk
24 May 2013
Burning Airbus makes emergency landing at Heathrow - The Guardian
24 May 2013
Police Arrest Two More in London Terror Probe as Victim Named - Businessweek
24 May 2013
Two held after RAF Typhoon jets escort Pakistan plane over UK - BBC News
24 May 2013
Syria ready to join peace conference, Russians say - Los Angeles Times
24 May 2013
Massive Far East quake felt in Moscow, no casualties - The News International
24 May 2013
Afghan Taliban attack central Kabul - BBC News
24 May 2013
Influential Palestinians Say It's Time for a One-State Solution - TIME
24 May 2013
Viewpoint: What do radical Islamists actually believe in? - BBC News
24 May 2013
San Francisco mayor 'offended'; meeting in doubt - The Japan Times
21 May 2013

Illinois News Links

  • Civic Federation Library
  • Chicago Sun-Times
  • Chicago Tribune
  • Capitol Fax
  • Daily Herald
  • Springfield Journal-Register
  • Illinois Policy Institute
  • Weather Underground
  • WBEZ
  • Better Government Association
  • Institute for Truth in Accounting
  • Peoria Journal Star
  • Rockford Star
  • BuryPensions
  • Sunshine Review
  • Reboot Illinois
  • Illinois is Broke

THE FATE OF ILLINOIS: Special Coverage of Our State and Local Fiscal and Pension Crises

  • 9,900 Illinois Government Pensioners With Annual Pension Over $100k – Taxpayers United of America

    May 23, 2013

  • Cullerton’s claimed savings from union backed reform proposal challenged -Tribune

    May 22, 2013

    "Senate President John Cullerton's pension reform proposal would slice only about half of what he estimated it would immediately cut"

    Surprise, Surprise

  • Clock Is Ticking on Illinois Pension Reform – The New American

    May 15, 2013

    "This is how business is done in the Illinois legislature: Promise the unions little if any change in exchange for political and financial support...."

  • Illinois pension reform: Civic Federation sides with Madigan over Cullerton – Crain’s

    May 13, 2013

  • The Empire Strikes Back: Union-Supported Bill to Lien State Cash for Pensions Passes State Senate

    May 9, 2013

    Only the unions understand the insolvency game: The winners are those who slap their liens on first

    And the savings would be minimal

  • Madigan’s pension plan would perpetuate Illinois’ crisis – IL Policy Institute

    May 9, 2013

  • Editorial: What’s ‘morally’ wrong? Fake pension fix – Chicago Sun-Times

    May 9, 2013

  • Illinois Senate committee approves Cullerton’s union-backed pension plan

    May 8, 2013

    This reform proposal would do little, but a group of retired teachers will sue anyway.

  • Illinois Unions So Drunk On Power They’re Crushing Even Democrats Now – Policymic

    May 8, 2013

  • Illinois Senate to vote on union-endorsed pension reform bill – Reuters

    May 6, 2013

    Would have little effect on the problem.

  • Illinois’ tax revenue up but probably not for long

    May 5, 2013

  • Madigan offers his pension reform proposal – WirePoints Original

    May 1, 2013

    Stick it to the Kids -- let them pay for this mess

    Courts to seize any tax dollars needed to fund the pensions

    The negotiation is culminating among legislators with pensions and union chiefs with pensions; disputes to be resolved by judges with pensions

  • Deval Patrick’s and Pat Quinn’s Multi-Billion Dollar Teachers’ Pension Woes – Dropout Nation
    Deval Patrick’s and Pat Quinn’s Multi-Billion Dollar Teachers’ Pension Woes – Dropout Nation

    April 30, 2013

    Yet another source shows that the official pension deficit numbers are baloney
    ILLINOIS REMAINS IN DENIAL
    Current reform proposals would barely dent the problem

  • State Police Retirees Draw Six-Figure Pensions at Age 50 – CBS Chicago Investigation

    April 30, 2013

    Pensions make them multimillionaires at age 50: To buy an annuity of $100k/year would cost about $2 million.

Business News Links

  • Business Insider
  • Bloomberg
  • CNBC
  • Financial Times
  • Real Clear Markets
  • Bloomberg Businessweek
  • Crain's Chicago Business
  • Fox News
  • Deal Breaker
  • State Budget Solutions

Chicago Area News

Highlighted Stories

  • Chicago Killings Cost $2.5 Billion as Murders Top N.Y.’s – Bloomberg

    May 23, 2013

    That's $2,500 per household.

  • Pissed Off: An index Chicagoans cursing – Chicago Grid

    May 22, 2013

  • Chicago-area public pension funding gap rises 16.7 pct in 2011 – Tribune

    May 21, 2013

  • Metra cops riding overtime express, with some making more in OT than regular pay – Sun-Times

    May 20, 2013

  • Chicago commuter headache as ‘L’ train line shut for five months – Reuters

    May 18, 2013

  • Karen Lewis re-elected as CTU President – WGN-TV

    May 18, 2013

  • ‘The Third Coast,’ a History of Chicago by Thomas Dyja – NYT book review

    May 17, 2013

  • CTU files civil-rights lawsuits over school closings

    May 16, 2013

  • City to phase out health-care subsidy for 30,000 retirees but 5,500 oldest will be covered – Sun-Times

    May 15, 2013

  • Emanuel to announce $300 million DePaul stadium plan for McCormick Place

    May 14, 2013

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Chicago News Feeds

Crain’s Daily News

Illinois House debating concealed carry law
24 May 2013
Mercy Hospital names new CEO
24 May 2013
Sears stock plummets in wake of results
24 May 2013
Emanuel's anti-violence group has raised almost $41 million
24 May 2013
CBOE weighs its regulatory role
24 May 2013
Local scrappers feel pain of metals' price drops
24 May 2013
Illinois Senate approves health-coverage exchange plan
23 May 2013
Senate OKs ban on cell phones while driving
23 May 2013
Sears reports bigger-than-expected 1Q loss
23 May 2013
Duckworth not a target: GOP
23 May 2013
Tribune taps de Castro to lead WGN Radio
23 May 2013
Downtown helicopter site takes flight
23 May 2013
Labs reject dramatic findings on cancer drug in Alzheimer's mice
23 May 2013
10 Things to do this weekend
23 May 2013

Chicago News

Trial begins for teen charged in videotaped killing of father in West Rogers Park alley
24 May 2013
Dunbar H.S. employee suspended over video of girl shoved down stairs
24 May 2013
12 displaced after Auburn Gresham apartment fire
24 May 2013
Boy Scouts vote to allow gay scouts
24 May 2013
Lisle man charged with DUI after striking two women with BMW in River North
24 May 2013
Emanuel administration sues over $58 million parking-garage tab
24 May 2013
Men claim Chicago cop falsely arrested them for DUI
24 May 2013
CTA rolls back some controversial Ventra fees
24 May 2013
Illinois Senate passes ban on motorists holding cell phones while driving
24 May 2013
As school closings loom, 27,000 CPS students now enrolling in new schools
24 May 2013
Ex-judge: Charter-school operator UNO needs ‘robust’ policy against conflicts
24 May 2013
Desperate search for missing fiance ends in tragic discovery
24 May 2013
Joliet man convicted in international ‘Wonderland Club’ child porn ring, arrested again
24 May 2013
Cops: Accused strangler says he deserved nothing good because of ‘evil in me’
23 May 2013
6 kids taken to hospital after bad bounce on ‘bouncy house’
23 May 2013

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