Unless Illinois acts quickly, it will leave hundreds of millions of federal dollars on the table that would go toward building its own health insurance marketplace, potentially upping the cost of coverage for nearly 170,000 Illinois residents.
Pension funds including those in New Mexico, Ohio and Illinois said they don’t plan to exit the asset class after the $298 billion California Public Employees’ Retirement said this week it will pull its entire $4 billion in hedge-fund investments.
Hundreds of applicants, some from as far as Kentucky and Minnesota, have come to the northeastern Illinois Mississippi River town of Thomson to attend a three-day hiring fair at the town's long-awaited federal prison.
A study from Wallethub focused on federal tax policy and analyzed and ranked each state based on the fairness of its state and local tax system, which included income taxes, property taxes and sales and excise taxes. Where does Illinois fall? No. 47.
Comment: Quinn's defense for delaying a FOIA response was truly absurd. Delay is justified if a "routine search" turns up nothing, and Quinn claimed a "routine search" of his office didn't turn up the Federal subpoena that his office in fact received last month, but only now released to the press under a FOIA request.
There appears to be a border war between drivers in Wisconsin and Illinois. According to a study by Insure.com, the most-hated drivers on Illinois roads are people from Wisconsin. And the hatred is reciprocal up in Chedderland.
With state budgets under pressure and industrial agriculture helping to drain the countryside’s population, urban legislators face tough choices. Illinois cut support for county fairs by 38 percent as attendance fell by almost a third from 2000 to 2013.
After a decade of stop-and-start efforts and a $1 billion federal pledge, work began last week on a new chimney foundation that’s part of a planned retrofit of an old coal plant in Meredosia, Illinois. But even now, the FutureGen project faces alawsuit against the project that threatens to undermine the additional funding needed to see the job through.
Despite a 16.2 percent increase in Latino voters from the 2010 to the 2012 elections, projections by the National Association of Latino Elected Officials predict that Latino voter turnout this year in the state will be less than the national average of about 7.8 percent.
"There are 100,846 retirees pulling out of the system and only 162,960 active educators paying into the system," said the founder of OpentheBooks.com. "The retirees are pulling out loaves of bread, and the current employees are only putting in slices. Sooner or later, the system will run out of bread."
The university didn't provide a reason for the drop but noted without details that the percentage of students who are accepted to the university is down. That's become an ongoing problem at the university as the cost of attendance has risen.
An Illinois law that apparently will subject Illinois-based companies to self-procurement taxes on premiums placed in their captives could be “very detrimental” to those companies' captive operations, a captive association leader said.
"If I mention a particular establishment that no longer exists, it always puts a smile on people's faces. It is very gratifying to them and to me," said Pete Kastanes. "They really appreciate me bringing up those forgotten nuggets of Chicago's past."
Fantex Inc., a San Francisco-based company that lets investors buy and sell stock in a professional athlete's “brand value,” announced today that it will pay nearly $8 million for 13 percent of Mr. Jeffery's brand value.
At Panek Precision Inc., a Northbrook, Ill., machine shop, 21 shiny new robots hum as they place metal parts into cutting machines and remove the parts after they are done. It's a tedious and oily task once handled by machine operators who earn about $16.50 an hour.
Emanuel announced he is taking action to make sure that no other builder in the future tries to match "The Donald" when it comes to signage in one of the most architecturally-significant areas of the Windy City.
Hoffman Estates government and business leaders said they're confident about Sears Holdings Corp.'s continued presence in the community, despite news the company needed a $400 million short-term loan from CEO Edward Lampert.
There’s nothing a Chicago mayor with dismal poll numbers likes more heading into a potentially difficult re-election campaign than a groundbreaking ceremony for a $575 million project that creates 2,100 jobs.
A contract dispute that threatens to trigger a teachers strike in Hinsdale High School District 86 could have far-reaching effects on similar talks throughout the suburbs, officials on both sides of the debate say.
Impact Engine, a Chicago accelerator for for-profit businesses that address social and environmental challenges, announced its “Impact 3” cohort, which will feature six Chicago-based companies. The companies will spend 16 weeks building their businesses at the 1871 coworking center, where Impact Engine is based.
A deal involving the federal government’s most expensive lease in Chicago produced millions of dollars in profits for a development group that included Penny Pritzker, a top campaign fund-raiser for President Barack Obama who is now his commerce secretary.
The lawsuit states that CPS "willfully and intentionally violated" public information laws by "systematic[ally]" refusing to adhere to Freedom of Information Act laws. The lawsuit argues that CPS has "long history of ignoring FOIA requests and blowing through legally established deadlines to comply with them." The plaintiffs also allege that CPS chronically fails to respond to FOIA requests until the inquiries are sent to Illinois Attorney General Lisa Madigan's office for assistance.
The deal, which is expected to close sometime early next year, is expected to create the largest hospital system in Illinois and the 11th-largest in the United States, covering 16 hospitals and 45,000 employees.
Author Tia Goss Sawhney is a qualified health insurance actuary employed by the Illinois Department of Healthcare and Family Services. As such, she is an active participant in the State Employees’ Retirement System (SERS), another highly underfunded Illinois plan.
Da papers are sayin some lawyers for for some guy named Turner sez a state senator named Trotter maybe got 2 Gs from some con who got da doe from a Fed pretendin tuh be some Indian guy. And dis Turner guy is lookin at time cuz the Feds sez he lobbied for some guy named Zimbabwe from Mugabe, or somewheres like dat.
What da fuck?
Seriously: There's no story here and the media should never have run it. $2,000 five years ago. Please.