The unintended consequences of a Chicago credit-check ordinance have harmed young and black workers, and show why lawmakers should focus on repealing the laws preventing employment for Illinoisans, rather than creating new ones.
Without real reforms, low investment yearly returns of 4 to 6 percent over the next 28 years could cost Illinois taxpayers anywhere from $100 billion to $200 billion above what they’re already expected to pay in contributions.
This article was written by Satta Sarmah and featured in Fast Company on September 26, 2014. When 30-year-old Chicago native Sheyla Jarocz talks about how a brick and mortar storefront survives in the city’s North Center neighborhood, it sounds like a lonely mission. “I’ve tried to do promotions with nearby businesses,” said Jarocz, who opened Maash Boutique two years...
Things still aren’t looking up for the Teachers’ Retirement System, or TRS. You’ll remember that it earned a dismal 0.76 percent return on its investments in fiscal year 2012, after predicting 8.5 percent returns. Earlier this year, TRS lowered that expectation, but only slightly: the system is still predicting 8 percent returns this year. But...
by John Tillman The worst possible news for President Obama is that the National Bureau of Economic Research said Monday that the downturn ended in June of 2009. Why a disaster for the president? Simple: As of June 2009, only $201.3 billion, or 25.6 percent of the total stimulus bill, had been awarded (not necessarily spent, as this...
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...