Chicago

Illinois legislators among highest paid in the nation

By Benjamin VanMetre
12/06/2012
The dust has settled from an uneventful veto session. No progress was made. The one attempt at reforming Illinois’ out-of-control pensions that legislators put forward is a step in the right direction, but ultimately would perpetuate the crisis by failing to prescribe the right medicine for the problem at hand. And the efforts to make things...

Rahm should focus on jobs first, hype later

By Ted Dabrowski, John Klingner
11/30/2012
  In his recent op-ed, “How to rebuild America,” Chicago Mayor Rahm Emanuel boasts that Chicago’s “investments” in public schools, community colleges and infrastructure improvements have put Chicagoans back to work. Here’s what he said:   “The strength of these investments is proven in the number of people we’re putting back to work: Chicago is first...

State Rep. LaShawn K. Ford has been indicted for bank fraud

By Brian Costin
11/29/2012
State Rep. LaShawn K. Ford, D-Chicago, of Illinois’ 8th District has become the most recent example of a steady stream of Illinois politicians caught with their hands in the cookie jar. According to the Chicago Sun-Times: “Ford, 40, of Chicago — who also invests in Chicago real estate — allegedly fraudulently obtained a $500,000 increase...

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...

Chicago bike-sharing program takes taxpayers for a ride

By Brian Costin
11/26/2012
I have fond memories of riding my mountain bike in the hills of Busse Woods as a child. My godfather, Sean Costin, is an experimental bike designer and has set world records in racing recumbent bicycles. I even continue to watch the Tour de France in the post-Lance Armstrong era. I love bikes. But my love for bikes...

The backdoor CPS bailout

11/16/2012
Chicago Public Schools cannot erase its $1 billion budget deficit alone – it’s going to need some help. Chicago Mayor Rahm Emanuel and the school board know the situation is dire. This is why they have proposed closing 120 schools next year, a move that could save $500,000 to $800,000 per school closed. But, to...

Teen unemployment in Illinois: the toll of the Great Recession and minimum wage

By Ted Dabrowski
11/12/2012
The problem Only 27 percent of teens in Illinois had jobs last year – the lowest Illinois teen employment rate in the 42 years this data has been collected. The figures were worst for African American teens in Chicago, where only 10 percent had jobs. As the graphic shows, the Great Recession clobbered teens with...

City of Chicago joins with special interests to drive out business

11/09/2012
Uber – the maker of a popular smartphone application that allows you to summon a black car, taxi, or SUV with the push of a button – is under fire from regulators and the taxi lobby in Chicago, as new rules proposed by the commissioner of the City’s Department of Business of Affairs would make...

Georgia paves way for more charter schools

11/07/2012
Georgia parents spoke loudly last night. They want more school choice. By a margin of 58 percent to 42 percent, Georgia voters approved a new constitutional amendment, granting the governor, lieutenant governor and the state House speaker the authority to appoint a board that will be in charge of approving new charter schools in the...