Bloomberg Television

Top 10 facts on 401(k)s for government workers

10/20/2014
Illinois politicians have looted and mismanaged government-worker pensions for decades. Now the retirement security of government workers is at risk. It’s time to take politicians out of the retirement business and give workers control over their own retirement futures. Here are the top 10 facts you need to know about 401(k)-style retirement plans: 1) 401(k)s...

Nation’s worst credit rating costs Illinois millions more in interest payments

By Benjamin VanMetre
08/11/2014
Illinois has the lowest credit rating in the nation. And just like people with poor credit scores, the state must pay higher interest rates. Higher rates mean higher interest payments that drain the budget and leave less money for education, health care and public safety. For every $1 billion of new borrowing, Illinois taxpayers are...

TAGS: credit rating

401(k)-style retirement plans are the new normal; Illinois should get on board

By Benjamin VanMetre
07/30/2014
401(k)-style retirement plans have become America’s primary retirement vehicle. In 1985, only one in 10 Fortune 100 companies offered 401(k)-style retirement plans to their employees. Today, seven in 10 Fortune 100 companies provide only defined-contribution, 401(k)-style retirement plans to new employees. This trend is in line with the private sector overall, where nearly 85 percent of...

Illinois borrowing penalty still three times higher than when Quinn took office

02/06/2014
It didn’t take long for Illinois’ spending machine to cram more debt down taxpayers’ throats. Only two months after signing a pension bill, Gov. Pat Quinn is borrowing yet another $1 billion to fund state construction projects. This will be the first large borrowing for Illinois since it passed Senate Bill 1, a pension fix...

TAGS: borrowing, capital project, debt, Pat Quinn, penalty borrowing rate, pensions

2.1 million Americans “enrolled” in ObamaCare exchanges through Dec.

By Naomi Lopez Bauman
01/13/2014
The U.S. Department of Health and Human Services has released its latest ObamaCare enrollment numbers, and it is easy to see why the Obama administration has been so reluctant to reveal detailed enrollment data. About 2.1 million Americans “enrolled” in the ObamaCare exchanges through Dec. 28. That number is far below the Obama administration’s impending...

TAGS: ACA: Affordable Care Act

Teachers should not be evaluated by principals

03/31/2013
Making sure we identify poor teachers and have them exit the teaching profession should be of the utmost importance. This is because teachers, by far, have the single biggest impact on student success.

TAGS: education

America in 2050: Will Illinois stack up?

08/23/2011
by Emily Dietrich Imagine what Illinois will look like in 2050. The social and economic fabric of the country will definitely have changed. By then, the United States will have an additional 100 million people. Noted futurist and author Joel Kotkin has given this a lot of thought. Recently, he led a discussion at Illinois Policy Institute....

Renowned Banking Analyst Predicts Gloom and Doom for Illinois

10/01/2010
by Ashley Muchow Meredith Whitney, former banking analyst, and current CEO of Meredith Whitney Advisory Group, doesn’t see anything short of fiscal ruin for a handful of U.S. states. In a Bloomberg interview, Whitney holds up states as the new systemic risks to the U.S. economy.  Her company’s latest report, appropriately titled “Tragedy of the Commons”,...

FAQ: How the federal scholarship program would help Illinois students

Illinois students could soon benefit from scholarship money to help them find a tutor, attend ACT or SAT prep sessions, pay tuition, get special education services or assist with other academic needs. That will happen in Illinois only if Gov. J.B. Pritzker lets the state’s schoolchildren benefit from the Federal Scholarship Tax Credit program, established...

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Diana Graham

Process for unionizing non-state workers raises red flags

By Paul Kersey
06/19/2014

CBS Chicago: Illinois’ highest-paid superintendent receives $400K per year to oversee 1,200 students

By Ted Dabrowski
05/02/2016