Must-Reads for November 23
WSJ: Illinois the 'Unfixable'
Illinois's pension system is heading for a meltdown and may now be beyond help. That's the forecast from a Chicago business group, which told its members last week that the state's pension crisis "has grown so severe" that it is now "unfixable."
ABC: Jesse Jackson Jr.’s Resignation Could Cost Taxpayers $5.1 Million
Jesse Jackson Jr.’s resignation from the House could cost Illinois taxpayers more than $5.1 million, according to the state elections board.WSJ: Higher Gas-Tax Idea Joins Fiscal-Cliff Talks
States and business advocates are maneuvering to use the current budget negotiations in Washington to win support for a long-sought increase in the federal gasoline tax—one of a grab bag of proposals various groups are seeking to tuck into a deal.
Chicago Tribune: For some, entering a city elite high school gets a little more difficult
Demographic tweaks to a complex enrollment system intended to ensure diversity at Chicago's best public high schools have created added anxiety for many parents who suddenly face tougher odds of getting their children into the elite schools.
CNBC: Hostess laying off 15,0000
Roughly 15,000 workers were expected to lose their jobs immediately, and most of the remaining 3,200 would be let go within four months.Reason: Charter Schools Found To Serve Special-Ed Students Better Than Was Claimed
A fresh examination of special education enrollment patterns in New York State suggests that charter schools may be doing better at enrolling students with special needs than many believe.The Atlantic Cities: To Get America Growing Again, We Have to Look to Our Most Productive Metro Areas
The Metro Productivity Index— developed by José Lobo of Arizona State University. It is a ratio that compares the level of economic output per person for metros to the gross domestic product (GDP) per person for the nation as a whole. It covers the period 2001 to 2010 and is based on data from the Department of Commerce’s Bureau of Economic Analysis (BEA)Stateline: Illinois Democrats Seek Driver’s Licenses for Undocumented Immigrants
Illinois Democrats are pushing a bill that would grant driver’s licenses to undocumented immigrants, saying the policy would improve road safety and cut down on uninsured drivers.
Must-Reads for November 22
Reason TV: The Pilgrims and Property Rights
Must-Reads for November 21
Chicago Tribune: Squeezy isn't selling snake oil
unveiled with great fanfare Squeezy the Pension Python, a mascot that
is part of a marketing campaign to encourage pension reform. You didn't
wake up under a circus tent. This is real government at work, the
Playskool version. "Pensions for Dummies."
State Journal-Register: Apparent Hostess closing hits home in Springfield
apparent demise of Hostess Brands hit home in Springfield this week.
The big guys fight, and the little guy gets the bloody nose.
RealClearMarkets: A cure for blue state fiscal blues
a budget compromise that avoids the fiscal cliff seems likely, Blue
states will still be the biggest losers because the President is
demanding significant tax increases.
Must-Reads for November 20
Forbes: George Soros & PBS V. Arthur Laffer
acknowledges traditional dentistry fails the poor, but does not seem to
care. In his world, investors help poor kids find dental care is far
worse than leaving children in pain.
The American: Lenders and spenders: confronting the political reality of debt
Fed is going to be caught between a rock and a hard place. If it fights
inflation, the political system will be stressed by the challenge of
allocating budgetary pain. If it fails to fight inflation, it risks
Defining Ideas: The flat tax solution
sound tax system has as few moving parts as possible. We should scrap
the current system in favor of a flat tax on consumption.
Must-Reads for November 19
Chicago Tribune: It's worse than you thought
reading and you learn that the committee isn't saying the system is
mathematically unfixable. The problem is that Illinois pols lack the
courage to take four steps the committee views as absolutely necessary.
State Journal-Register: Fixing the unfixable
for the record, there are 35 lawmakers who will be out of office after
Jan. 9, when newly elected legislators are seated. They don’t have to
worry about how a pension reform vote will affect their next election.
The Telegraph: West falling into economic no growth black hole
government in what used to be called "the free world" seems prepared to
take the steps that can stop this inexorable decline. They are all
busily telling their electorates that austerity is for other people
(France), or that the piddling attempts they have made at it will solve
the problem (Britain), or that taxing "the rich" will make it
unnecessary for government to cut back its own spending (America).
RealClearMarkets: Cows flee California seeking a better economic climate
hard to find a government program as insane as the complex web of price
supports, market orders, direct payments, diversion programs, herd
reductions, import barriers, export subsidies, and
stacked-to-the-rafters cheese warehouses that characterize Uncle Sam's
efforts to "rationally manage" the dairy market.