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Illinois bond rating sinks to worst
in the nation with S&P downgrade
Sun-Times [Chicago, IL], by Dave McKinney & Zach Buchheit
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Original Article
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Posted By:Rat Patrol, 1/25/2013 7:33:15 PM
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| Springfield — Citing inaction on pensions, a prominent Wall Street bond-rating agency downgraded Illinois’ bond rating Friday, making the state the nation’s worst credit risk. The move by Standard & Poor’s to rate Illinois’ bonds at A- with a negative outlook comes as the state is preparing to go out on the market Wednesday with a $500 million bond issue. With the new lowered rating, Illinois eclipsed California as the least creditworthy state in the country in Standard & Poor’s eyes and could face higher borrowing costs. “We assessed what the pension fund status is,
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Comments:
PS the entire state is run by Obama Democrats and has been run by Obama Democrats for over ten years...No evil GOP to blame for this one.
Please "split" headline & post source properly.LCom Staff.
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Reply 1 - Posted by:
Philipsonh, 1/25/2013 7:41:20 PM (No. 9139622)
"BLUE" states can cause a lot of income investors the blues. Note that DC works the same way. They have no idea what a balanced budget is and just create diversions from the real issues. Currently in gun-grabbing mode.
Keep you occupied with anything but the two most important items, National Defense and Economic security, which actually go hand-in hand
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Reply 2 - Posted by:
uno, 1/25/2013 7:59:15 PM (No. 9139650)
Destroying America. All part of the plan.
No one can be this "inexperienced"
No one can be this "inept"
No one can be this "incompetent"
No one can make this many repeated "mistakes"
After four years no one can just keep goofing up over and over again without it being intentional.
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Reply 3 - Posted by:
Rat Patrol, 1/25/2013 8:14:12 PM (No. 9139677)
Illinois State Senate=controlled by Democrats for the last twenty years.
Illinois State House=controlled by Democrats for the last twenty years.
Illinois Governor =controlled by Democrats last ten years.
Look at all the good they did...
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Reply 4 - Posted by:
bkt23, 1/25/2013 8:22:03 PM (No. 9139701)
You´re right, #2. This isn´t by accident; it´s by design.
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Reply 5 - Posted by:
thewarden, 1/25/2013 10:05:38 PM (No. 9139804)
What were you all saying about California?
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Reply 6 - Posted by:
hot coffee, 1/25/2013 10:38:02 PM (No. 9139821)
The easiest way for Illinois to improve their bond rating is for them to sell Chicago to Canada.
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Reply 7 - Posted by:
chefrandy, 1/25/2013 11:23:12 PM (No. 9139844)
#6, I´d be happy if we´d just give it to Wisconsin.
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Reply 8 - Posted by:
smcchk, 1/25/2013 11:48:38 PM (No. 9139868)
No, thanks, #7!
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Reply 9 - Posted by:
oh-heck, 1/25/2013 11:55:39 PM (No. 9139874)
If Illinois goes bust, the nation will notice. Then maybe they´ll ask why 10 years of increased taxes didn´t help.
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Reply 10 - Posted by:
LanieLou, 1/26/2013 12:12:24 AM (No. 9139891)
Not to worry! Superman Obama will fly in & save IL by reinstating the failed Cap & Trade Carbon Exchange he set up before he left... funded by the feds of course!
Remember this article when you see the regulations executed, requiring carbon tax collection from all US businesses and consumers.
It would be so silly not to use the existing failed exchange in Chicago!
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Reply 11 - Posted by:
BigGeorgeTX, 1/26/2013 12:56:18 PM (No. 9140689)
It still won´t stop them from borrowing like there´s no tomorrow, ala favorite son Barack.
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Below, you will find ...
Most Recent Articles posted by "Rat Patrol"
and
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Most Recent Articles posted by "Rat Patrol"
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What George W. Bush did right
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Chicago Tribune, by Christian Caryl
Original Article
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Posted By: Rat Patrol- 2/21/2013 2:07:55 PM
Post Reply
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Which United States president will go down in history as the greatest humanitarian to have served in the office? The Republican Herbert Hoover is often known as the "Great Humanitarian" for his work administering famine relief in post-World War I Europe (and Bolshevik Russia) in the 1920s — but he did all that before he actually became president. Others might make the case for Franklin Delano Roosevelt, the Democrat who succeeded Hoover in the White House, whose New Deal initiatives relieved poverty and sickness on a grand scale within the United States.
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A gun show without guns? Essentially
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Chicago Tribune, by Dahleen Glanton
Original Article
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Posted By: Rat Patrol- 1/27/2013 8:48:03 AM
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There was an 1854 Lefaucheux pinfire pistol carbine on display, as well as an 1876 .22-caliber derringer in a glass box. But neither was for sale. It wouldn´t have mattered if they were. The gun enthusiasts who showed up in Rosemont on Friday for what was billed as the first-ever Chicagoland Gun Show didn´t seem interested in gawking at antique pistols. Some wanted to buy high-powered rifles, semi-automatic handguns and high-capacity magazines. But there wasn´t a single gun dealer at the show, only a Chicago collector who said he was there to show off his collection.
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A violent Saturday leaves 7 dead
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Chicago Tribune, by Adam Sege*
Original Article
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Posted By: Rat Patrol- 1/27/2013 8:34:31 AM
Post Reply
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Four shootings -- two of them double homicides -- and a stabbing left 7 people dead Saturday, authorities said. In what appeared to be the last homicide of the day, a 32-year-old man was fatally stabbed about 11:50 p.m. in the South Shore neighborhood on the South Side, police said. The stabbing happened during a domestic argument in the 2500 block of East 73rd Street, Chicago Police Department News Affairs Officer Ron Gaines said.
Byline corrected to site style by Staff.
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Illinois bond rating sinks to worst
in the nation with S&P downgrade
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Sun-Times [Chicago, IL], by Dave McKinney & Zach Buchheit
Original Article
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Posted By: Rat Patrol- 1/25/2013 7:33:15 PM
Post Reply
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Springfield — Citing inaction on pensions, a prominent Wall Street bond-rating agency downgraded Illinois’ bond rating Friday, making the state the nation’s worst credit risk. The move by Standard & Poor’s to rate Illinois’ bonds at A- with a negative outlook comes as the state is preparing to go out on the market Wednesday with a $500 million bond issue. With the new lowered rating, Illinois eclipsed California as the least creditworthy state in the country in Standard & Poor’s eyes and could face higher borrowing costs. “We assessed what the pension fund status is,
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Ten wounded in shootings
since Friday afternoon
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Chicago Sun Times, by Staff
Original Article
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Posted By: Rat Patrol- 12/16/2012 4:58:30 PM
Post Reply
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Ten people — including four teenagers — were wounded in separate shootings since Friday afternoon throughout the city. The latest shooting happened about 11 p.m. when a male was shot in the leg in the 2600 block of South Pulaski Avenue, police said. A 26-year-old man was shot about 9:45 p.m. in the Lawndale neighborhood on the West Side. He was standing with a group of people in the 1500 block of South Sawyer Avenue when shots were fired, police said. A 26-year-old man was shot about 9:45 p.m. in the Lawndale neighborhood on the West Side. He was standing with a group of people
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Advance Illinois releases dismal report
on education in Illinois
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Chicago Tribune, by Noreen S. Ahmed-Ullah
Original Article
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Posted By: Rat Patrol- 11/14/2012 6:51:54 PM
Post Reply
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Years of overhaul efforts have done little to improve schools in Illinois, and a comprehensive and sustained program to change how children are educated in the state´s public schools is needed, leaders of an education reform group said Tuesday. "We´re going to have to hit this with a 2-by-4," said Robin Steans, executive director of Advance Illinois. According to a report released by the organization Tuesday, only one-third of Illinois students complete fourth grade proficient in reading; the same percentage of students is academically prepared at the start of high school;
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Caterpillar downgraded
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Chicago Sun-Times, by Francine Knowles
Original Article
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Posted By: Rat Patrol- 11/12/2012 11:39:48 PM
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Caterpillar Inc.’s stock was downgraded to “Neutral” from “Overweight” by JPMorgan Chase & Co. analyst Ann Duignan Monday. Duignan, who had rated Peoria-based Caterpillar “overweight” since April 2009, cited pressures on the sector to reduce costs and the potential negative impact on the U.S. coal and energy sectors following the re-election of President Barack Obama in downgrading the stock. Mining remains “pressured as companies continue to assess their investment plans for the longer term, and cuts are becoming more broad-based,” Duignan said in a research note.
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McCain: ´I don´t understand´
GOP filibuster on guns
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Politico, by Jennifer Epstein
Original Article
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Posted By: JoniTx- 4/7/2013 12:18:14 PM
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Sen. John McCain says he doesn´t understand the threats from some of his Republican colleagues to filibuster a bill on background checks to buy guns. "I don´t understand it," the Arizona Republican said on Sunday of the threat coming from Sen. Rand Paul,Sen. Ted Cruz, Sen. Mike Lee and nine other Republicans. "The purpose of the United States Senate is to debate and to vote and to let the people know where we stand.” "What are we afraid of? ... If this issue is as important as we all think it is, why not take ... it up and debate?"
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´My bangs are getting
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Daily Mail (UK), by Margot Peppers
Original Article
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Posted By: pineledger- 4/7/2013 7:43:42 AM
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Michelle Obama has admitted that she is already tired of the bangs she first sported in January. The First Lady said in an interview with Entertainment Tonight: ´Bangs are a day-by-day proposition. They´re starting to grow out, get a little irritating.´ Still, she hasn´t let her hairdo woes get her down. ´It´s okay,´ she said after her initial complaint. ´We´ll be good.´ The first indication that her hairstyle was becoming a burden came about last weekend, when Malia, 14, was spotted adjusting her mother´s hair during the White House Easter Egg Roll.
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Christians, here´s why we´re
losing our religion
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Fox News, by Craig Groeschel
Original Article
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Posted By: STLstudent- 4/7/2013 5:13:55 PM
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Recent research indicates that the number of people who do not consider themselves a part of an organized religion is steadily on the rise. Interestingly enough, though the number of those religiously unaffiliated is increasing, there is little to no trend in the number of those who express atheist or agnostic beliefs. People aren’t saying they don’t believe in God. They’re saying they don’t believe in religion. They are not rejecting Christ. They are rejecting the church. This begs the question, “Why are we losing our religion?”
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Broadcasters worry
about ´Zero TV´ homes
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Associated Press, by Ryan Nakashima
Original Article
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Posted By: Ribicon- 4/7/2013 2:43:40 PM
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Los Angeles — Some people have had it with TV. They´ve had enough of the 100-plus channel universe. They don´t like timing their lives around network show schedules. They´re tired of $100-plus monthly bills. A growing number of them have stopped paying for cable and satellite TV service, and don´t even use an antenna to get free signals over the air. (Snip) Last month, the Nielsen Co. started labeling people in this group "Zero TV" households, because they fall outside the traditional definition of a TV home. There are 5 million of these residences in the U.S., up from
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Mother Of Slain Benghazi
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Posted By: StormCnter- 4/7/2013 5:00:16 AM
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On Friday, Sean Hannity brought Pat Smith, mother of the late Sean Smith, on his radio program. The 34-year-old information management officer was one of four Americans murdered in the Benghazi embassy attack on September 11, 2012. In the chilling interview, a distraught Ms. Smith, in tears, pleaded for answers and spoke of the efforts to silence her. Ms. Smith first relayed how her son, prior to the attack, requested additional security in advance and warned the State Department: He did tell them, ahead of time, he typed it into his little typewriter over there,
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Vanishing workforce
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Washington Post, by Jim Tankersley
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Posted By: Dreadnought- 4/6/2013 11:28:59 PM
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Put out an all-points bulletin: Millions of Americans have gone missing from the workforce. Every month that those would-be workers are gone raises the odds that they might never come back, dimming the prospects for future economic growth. The vanishing trend is more than a decade old, but it accelerated during the Great Recession. Throughout 2012, economists held out hope that it had stopped. But then came Friday’s jobs report, and hopes were dashed. The Labor Department reported that the U.S. labor force — everyone who has a job or is looking for one — shrank
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Obama critic apologizes for
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The Hill [Washington DC], by Alexandra Jaffe
Original Article
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Posted By: JoniTx- 4/6/2013 12:18:19 PM
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Neurosurgeon Ben Carson, considered by some to be a potential Republican contender for president, apologized to Johns Hopkins University for the "poorly chosen words" he used in expressing his opposition to gay marriage last month.“I am sorry for any embarrassment this has caused,” Carson said in the letter, reported in New York Magazine.(Snip) "Although I do believe marriage is between a man and a woman, there are much less offensive ways to make that point. I hope all will look at a lifetime of service over some poorly chosen words.” Carson will remain as commencement speaker at Johns Hopkins,
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The Secrets of Princeton
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New York Times, by Ross Douthat
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Posted By: Oblio- 4/7/2013 8:08:09 AM
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Susan Patton, the Princeton alumna who became famous for her letter urging Ivy League women to use their college years to find a mate, has been denounced as a traitor to feminism, to coeducation, to the university ideal. But really she’s something much more interesting: a traitor to her class. Her betrayal consists of being gauche enough to acknowledge publicly a truth that everyone who’s come up through Ivy League culture knows intuitively —
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Kim Jong-un Wants Phone
Call from Obama - report
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Korea Broadcast Service, by Staff
Original Article
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Posted By: Desert Fox- 4/8/2013 6:56:50 AM
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North Korea’s young leader Kim Jong-un is waiting for United States President Barack Obama to make a phone call to Pyongyang to discuss easing tensions on the Korean peninsula, according to Russia’s news agency Itar-Tass. The report cited United Kingdom diplomats, saying Pyongyang was demanding the U.S. president personally call Kim Jong-un as one of the conditions to relieve the current conflict at hand. Itar-Tass also quoted the U.K.’s Sky News as saying North Korea currently has eight nuclear warheads.
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Former British prime minister
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of 87 after suffering a massive stroke
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Daily Mail [UK], by James Nye
Original Article
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Posted By: Attercliffe- 4/8/2013 8:55:39 AM
Post Reply
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Margaret Thatcher, the first female British Prime Minister who gained worldwide renown as the Iron Lady has died aged 87. Developing a formidable partnership with President Ronald Reagan during the 1980s, Mrs. Thatcher stood up to the ´Evil Empire´ of the Soviet Union, eventually witnessing its collapse. [Snip] Responding to her death, Buckingham Palace said, ´The Queen is sad to hear the news of the death of Baroness Thatcher and Her Majesty will be sending a private message of sympathy to the family, Buckingham Palace said today.´ British Prime Minster David Cameron said on hearing of her passing, ´It was
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Is going gluten-free
healthier for everybody?
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The Week, by Staff
Original Article
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Posted By: NorthernDog- 4/7/2013 11:28:27 AM
Post Reply
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Gluten-free diets are all the rage, but they can be dangerous if not done right. What is gluten? It´s the spongy complex of proteins, found naturally in wheat, rye, and barley, that gives elasticity to dough and allows it to rise. When flour is moistened and either kneaded or mixed into dough, gluten molecules form an elastic, microscopic latticework that traps the carbon dioxide produced when yeast ferments, causing dough to inflate like a hot air balloon. Baking hardens the gluten, which helps the finished product keep its shape. Wheat — and gluten — is ubiquitous in the American diet.
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