Chicago

June unemployment: More than 1 million Illinoisans unemployed or underemployed

07/31/2013
by John Klingner President Barack Obama visited to Galesburg last week to give a speech in which he said he would refocus on jobs and the economy. That’s little comfort for the unemployed workers in cities across Illinois. The economic policies the president wishes to enact at the federal level have been at work for...

Betting on Illinois: Pizza with a Purpose

By Hilary Gowins
07/29/2013
Dimitri Syrkin-Nikolau doesn’t just make pizza. Through his Chicagobased business, Dimos Pizza, he also cultivates talented employees. He opens his doors to local schools. He helps foster enthusiasm and excitement within his community. That’s because, to Syrkin-Nikolau, business isn’t just about making money. He believes it’s about what he calls “purposeful profit.” “Ultimately, profit is...

Detroit’s tipping point is a warning for Chicago

07/26/2013
by Paul Kersey How did Detroit get to be the urban disaster area it is today? One tipping point come in 1978, when a union got a “win” that cost the city, and eventually its own members, dearly. This “win” came in the form of a raise concession granted to a powerful police union, which...

CPS four notches above junk bond status

By Ted Dabrowski
07/26/2013
In what’s become a torrent of bad news regarding Illinois’ fiscal health, Moody’s Investors Service has downgraded Chicago Public Schools’ $6.3 billion general obligation debt one notch. The credit rating agency’s outlook remains negative, and CPS debt is now just four levels above junk bond status. The CPS ranking drop to A3 from A2 follows recent downgrades...

7 in 10 Fortune 100 companies provide only defined contribution, 401(k)-style retirement plans

By Benjamin VanMetre
07/25/2013
Suburban Chicago-based NorthShore University HealthSystem announced last month that it will “will freeze its employee pension plan as of Dec. 31 and shift all employees to a defined contribution savings plan.” The NorthShore hospital system isn’t the only private company making this move — Boeing, American Airlinesand Verizon each dropped their defined benefit plans for defined contribution retirement systems. The core...

FBI ethics probe causes Chicago alderman to hold off on White House honor

By Brian Costin
07/25/2013
On the same day the White House announced an honor for Chicago Alderman Joe Moore as a “pioneer for political reform, governmental transparency and democratic governance,” Moore also revealed that he had been questioned by the FBI in an ethics probe concerning some of his former employees. As the Chicago Tribune reported: The accusations involving...

Another misstep in CPS’ school closing boondoggle

07/24/2013
Buried beneath the news of Chicago Public Schools’ dismal Illinois Standard Achievement Test scoreslast week was another bombshell: students from receiving schools – those schools that students from closed schools will attend next year – saw less than half of the gains on the ISAT as the rest of the district. In other words, thousands of displaced...

Chicago’s speed camera deal brokered behind closed doors

By Brian Costin
07/23/2013
Turns out there’s no proof that Chicago’s red-light camera program has done anything to improve safety. In May, the Chicago Inspector General released a scathing audit of Chicago’s controversial red-light camera program. The audit found the Chicago of Department of Transportation couldn’t prove it placed cameras at Chicago’s most dangerous locations or that the cameras actually...

CPS layoffs should not surprise CTU

07/19/2013
When Chicago Public Schools officials announced Thursday that the district will be laying off more than 2,000 employees – including 1,036 teachers – Chicago Teachers Union President Karen Lewis issued a press release that made no mention of the role the CTU played in creating CPS’s $1 billion deficit. These important facts were missing: The CTU supported all of...

Taxing sophistry

By Benjamin VanMetre
07/18/2013
Earlier this month, the Chicago Tribune published an editorial sounding the alarm on “the next Illinois tax hike” – a progressive tax. While many in the state have come to recognize this upcoming tax fight, others, such as Jan Goldberg of Riverside, Ill., refuse to admit the truth. In a recent letter to the editor titled “Benefits of a...
Load More

4 ways to break out of Illinois’ pension trap

Causes, costs, how to set the state free

View Report

Report Archive

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