California

California’s fake reforms yield credit upgrade

01/31/2013
In January, Standard and Poor’s upgraded California’s credit rating to A from A-, an action the rating agency said resulted from the state’s “improved fiscal condition.”

Fitch warnings don’t mean kick the can down the road

01/11/2013
Illinois’ credit rating received a warning today from Fitch Ratings. What Fitch cited as the “ongoing inability of the state to address its large and growing unfunded pension liability” means a rating downgrade is likely unless reforms are passed within six months. That warning is just another whack for a state that already has been downgraded...

Quinn owns 11 of Illinois’ 20 credit downgrades

12/31/2012
Standard and Poor’s Rating Services just dropped Illinois’ credit rating to A- from A. There is not another state in the union with credit as lousy as ours. We are worse off than California.

Fitch warnings don’’t mean kick the can down the road

12/31/2012
Illinois’ credit rating received a warning today from Fitch Ratings. What Fitch cited as the “ongoing inability of the state to address its large and growing unfunded pension liability” means a rating downgrade is likely unless reforms are passed within s

For entrepreneurs, the grass is greener … almost anywhere but Illinois

By Hilary Gowins
11/29/2012
How do American entrepreneurs decide where to set up shop? Business creators look at indicators like corporate tax rates and the health of a state’s finances when determining the best location in which to take root. According to a survey published recently by Thumbtack.com and the Ewing Marion Kauffman Foundation, Illinois isn’t quite cutting the mustard. On...