Chicago

Illinois unemployment above 10 percent in many metropolitan areas

By John Klingner
07/18/2013
Illinois has the nation’s second-worst unemployment rate. At 9.1 percent, it’s 1.5 percentage points higher than the national average of 7.6 percent. The lack of jobs continues to be a major burden to the people of Illinois, at both the state and local level. A year-over-year comparison of Metropolitan Statistical Areas, or MSAs, reveals an uneven...

Chicago’s triple-notch credit downgrade

07/18/2013
Pension costs are already unraveling the state’s finances. Now it’s the city of Chicago’s turn. The city’s out-of-control pension liabilities and “accelerating budget pressures associated with those liabilities” has resulted in another credit downgrade by Moody’s Investors Service. The national credit rating agency downgraded the city’s nearly $8 billion in general obligation bonds to A3...

TAGS: pensions, Rahm Emanuel

Pool of ObamaCare insurance providers continues shrinking in Illinois

By Jonathan Ingram
07/17/2013
The nation’s largest insurance company, UnitedHealth Group, won’t be participating in Illinois’ health insurance exchange, Crain’s Chicago Business reported on Monday. UnitedHealth Group is the second-largest insurance company in Illinois’ nongroup market, the market in which the exchange will operate. Although state officials recently predicted 16 insurance companies would participate in the exchange, Crain’s reports that just...

Twinkies and the bakers union: don’t call it a comeback

07/13/2013
by Paul Kersey Plans to reopen Hostess Brands bakeries, including one in the Chicago suburb of Schiller Park, are going forward. The company has announced that the Twinkie will make its glorious return on July 15. But while the reorganized Hostess is making what it calls “the sweetest comeback in the history of ever,” the bakers...

90 out of 102 county-level governments failed the 10-Point Transparency Checklist

07/12/2013
by Brian Costin Illinois is notorious for government corruption. Since 1976, the state has had the third-highest amount of public corruption convictions in the country — including four out of the last seven governors. Outside of Springfield, things aren’t much better. Chicago has been called “the most corrupt city in America.” A report by the University of Illinois-Chicago and...

Advisory committee on education funding needs to embrace bold reforms

07/07/2013
Nearly every week, I receive a call from an Illinois parent asking about whether the state has a school voucher program. Last week it was a single mother from the South Side of Chicago. Her daughter just graduated from elementary school and will attend one of the city’s worst high schools if her family can’t...

Houston woos Dwight Howard with state income tax

By Hilary Gowins
07/05/2013
In the wake of Lebron James’ second-straight NBA title and the end of the professional season, free agents across the league are considering their next moves. Some of the biggest names to enter the free-agent fray include the Los Angeles Lakers’ Dwight Howard and New York Knicks sixth-man, J.R. Smith. As these athletes consider their decision, they’ll...

TAGS: progressive income tax, taxes

Pizza with a purpose: Restaurateur Dimitri Syrkin-Nikolau believes in Illinois’ future

By Hilary Gowins
07/03/2013
Dimitri Syrkin-Nikolau doesn’t just make pizza. Through his Chicagobased business, Dimo’s 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...
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4 ways to break out of Illinois’ pension trap

Causes, costs, how to set the state free

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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