— Connecting the dots between our economy, government and business —
Illinois Highlighted Stories
Illinois Highlighted Stories Continued
But Gov. Rauner urged the Securities and Exchange Commission recently to approve the sale of the Chicago Stock Exchange to a group that includes Chinese buyers, though his support may be too little too late.
‘This will never, ever end;’ Chicago schools demand more even as they hemorrhage students – Chicago City Wire
Comment: When we Tweeted "This will never, ever end" the Chicago Teachers Union favored it and retweeted it. Credit them with honesty.
Comment: Instead of central planners picking particular localities, why not make the whole state an enterprise zone?
Chicago, Cook County and Illinois government are willing to shell out an incentive package worth around $2 billion in order to lure Amazon, according to two sources close to the bid process. That breaks down to around $1.6 billion in tax breaks and $400 million in infrastructure and capital spending around the project, the sources said. It is not known how the money is divided up between city, state and county, and over what period of time the incentives would be paid.
Comment: And it's not at all clear that much progress is being made. This announcement got lots of hype yesterday, but it was very...
No surprise to readers here.
Not that anybody should care what ratings agencies say.
Comment: Yes, we have a chance and we should fight for it, but claims by some that "it's ours to lose" or "we deserve it" go way too far.
Comment: It's absolutely true and has become a very serious problem -- lots of good-paying jobs going unfilled that people won't take.
Country Club Hills Fire Department – Massive porn problem, sexual harassment should lead to terminations and criminal charges – Illinois Leaks
Comment: The whole town, Country Club Hills, is one massive investigation needing to happen, and it's a financial wreck. If we had an A.G. worth a damn she'd be all over it.
In recent years politicians have taken to using “invest” as a stand-in for “spend,” but Mayor Rahm Emanuel took it to another level during his Wednesday budget speech. The mayor deployed variations of the word no fewer than 31 times, according to his remarks.
Budget hearings have begun for the Illinois State Board of Education and, so far, most of the talk centered around additional funding, rather than ideas on how to control costs, such as consolidating districts or rolling back administrative expenses.