A Message From Lucianne  







S-G1




























ST-GC


   
 
Home Page | Latest Posts | Links | Must Reads | Update Profile | RSS | Contribute | Register | Rules & FAQs
Privacy Policy | Search | Post | Contact | Logout | Forgot Password | Search Using Google


Big names litter road to pension disaster
Chicago Sun-Tmes, by Dave McKinney

Original Article

Posted By:brianod1, 3/17/2013 12:32:29 PM

Federal securities regulators implicitly blamed former Gov. Rod Blagojevich and his budget office for the fraudulent manner in which state bond investors were misled about Illinois’ sickly pension ledgers. But in making a nearly unprecedented case of securities fraud against the state, the Securities and Exchange Commission on Monday laid bare a trail of responsibility for Illinois’ nearly $100 billion pension crisis that extends far beyond the impeached ex-governor’s scandalous time in office.

Comments:
Tales from a dying state...

      


Post Reply  

Reply 1 - Posted by: craige, 3/17/2013 1:06:39 PM     (No. 9229519)

Politicians seem to be the only ones able to get away with Fraud. They simply vote for it. Bankruptcy is the result, at the local and state levels.

Or inflation, if we´re talking about the federal government.

  Click Here if you Like this Comment

    30 persons like this.


Reply 2 - Posted by: Heil Liberals, 3/17/2013 1:17:55 PM     (No. 9229530)

Illinois pols and those who support them are the Palestinian Authority of the United States.

  Click Here if you Like this Comment

    35 persons like this.


   

 

R-G1
  
R-VAR_AD


 
Reply 3 - Posted by: Johnny Angle, 3/17/2013 2:12:16 PM     (No. 9229571)

Deep Dish Chicago Style Bankruptcy.

  Click Here if you Like this Comment

    39 persons like this.


Reply 4 - Posted by: secondtimelucky, 3/17/2013 2:43:17 PM     (No. 9229618)

do state/school/police etc employees also pay into social security? If these pension funds go belly up, are the various employees left holding an empty bag???

  Click Here if you Like this Comment

    26 persons like this.


Reply 5 - Posted by: iris354, 3/17/2013 3:09:21 PM     (No. 9229652)

And now, with the implementation of Obamacare, going national!

  Click Here if you Like this Comment

    36 persons like this.



Post Reply   Close thread 727476




Below, you will find ...

Most Recent Articles posted by "brianod1"

and

Most Active Articles (last 48 hours)




Most Recent Articles posted by "brianod1"



Missing aircraft couldn’t have entered
our airspace undetected: India
Times of India, by Subhro Niyogi & Jayanta Gupta    Original Article
Posted By: brianod1- 3/15/2014 3:33:08 PM     Post Reply
A search of all islands in the Andaman and Nicobar archipelago has drawn a naught, so far as the missing Malaysia Airlines Flight MH370 is concerned, officials of the Andaman and Nicobar Command (ANC) confirmed on Saturday evening. Two Indian Navy ships, along with those from other nations, are continuing their search at the location pointed out by Malaysian authorities but nothing has been spotted on the water. Malaysia Airlines Flight MH370 disappeared on March 8, 2014 on the way to Beijing from Kuala Lumpur. "There has been no oil slick, no flotsam or a sonar ping to indicate that the jetliner crashed anywhere

   

 

  


 
Ex-mayor under oath in city’s
Millennium Park lawsuit:
´I don’t know what I knew’
Chicago Sun-Times, by Tim Novak    Original Article
Posted By: brianod1- 10/19/2013 10:57:40 AM     Post Reply
Former Mayor Richard M. Daley says he doesn’t remember much about the planning of Millennium Park, his wildly over-budget project that has become one of Chicago’s civic treasures. The sprawling downtown park, with its gleaming stainless-steel sculpture known as “The Bean,” is seen as one of his crowning achievements. Daley, though, shrugs it off. N

Growing Up Undocumented
Al Jazeera America, by Jesse Hardman    Original Article
Posted By: brianod1- 10/8/2013 10:11:39 AM     Post Reply
With New York City mayoral hopeful Bill de Blasio waiting to speak and an audience of a few thousand in Brooklyn´s Cadman plaza waving signs and flags, dancing, and chanting "Si se puede," 23-year-old Pakistani immigrant Hina Naveed, a student from Staten Island, didn´t miss her moment. She captured the identity and energy of the crowd in one quick phrase: "Being undocumented sucks!" The nationwide March for Immigrant Dignity and Respect was the latest mobilization for comprehensive immigration reform.

CTA chairman’s name on letter
vouching for notorious gang leader
Chicago Sun-Times, by Robert Herguth and Alden Loury    Original Article
Posted By: brianod1- 9/14/2013 7:35:09 PM     Post Reply
Battling gang violence has been one of Chicago Mayor Rahm Emanuel’s top priorities. But one of Emanuel’s top appointees, CTA Chairman Terry Peterson, appears to have taken a different tack in the mid-1990s: Lobbying for the early release of the imprisoned leader of the Gangster Disciples — one of the largest and deadliest street gangs in Chicago, the Better Government Association has learned.

Rahm gets into the real estate
game—with your money
Chicago Reader, by Ben Joravsky    Original Article
Posted By: brianod1- 8/7/2013 12:07:06 PM     Post Reply
As if the city doesn´t have enough problems with crime, budget deficits, and school cuts and closings, Mayor Emanuel has decided to barrel headfirst into the South Loop real estate market—with at least $55 million of your property tax funds. The key moment came at the July 24 City Council meeting, when he hammered through an ordinance giving the city eminent domain authority to buy property at Indiana and Cermak. He plans to have a hotel built there. A couple days later, the Metropolitan Pier and Exposition Authority—the city-state agency that oversees Navy Pier and McCormick Place

Chinese troops stop Army from
patrolling in Indian territory
Times of India, by Staff    Original Article
Posted By: brianod1- 8/4/2013 2:55:09 PM     Post Reply
Amid a spate of incursions by China in Ladakh, its troops are also resorting to tactics like preventing Indian Army from patrolling posts in this sector along the border which was well within India´s territory. In what is being described as an aggressive approach by China, the tactics have come to the fore in the wake of yet another incident last week when Indian troops launched its patrol "Tiranga" from Trade Junction area in north of Ladakh for two posts located 14 km up in the higher reaches along the line of actual control (LAC).

   

 

B-G1


 
Five Things Media Aren´t Telling
You About Today´s Jobs Numbers
Breitbat´s Big Journalism, by John Nolte    Original Article
Posted By: brianod1- 8/3/2013 8:32:05 AM     Post Reply
Using anti-science exuberance, for the last few days, the media have pom-pommed someone´s ethereal projection that the economy had created 200,000 or so jobs in July. The fact that our media would consider 200,000 jobs (which hardly keeps up with population growth) worthy of pom-poms is grotesque enough. Even more appalling is spinning manufactured positive news-cycles for President Obama based on proven nonsense like the ADP´s jobs projections.

6-year-old boy among
13 shot in violent start
to weekend
Chicago Tribune, by Liam Ford, Carlos Sadovi and Peter Nicke    Original Article
Posted By: brianod1- 8/3/2013 8:16:12 AM     Post Reply
A 6-year-old boy riding in a car with his mom was shot in the West Garfield Park neighborhood on the West Side overnight, according to police, the boy among at least 13 people shot since Friday afternoon across the city. Police aren’t certain of the boy’s condition but said he was taken to Mount Sinai Hospital. He was in a car in the 4200 block of West Wilcox Street about 11:30 p.m. when someone started shooting.

City deficit to hit
nearly $1 billion soon
without pension reform
Chicago Sun-Times, by Fran Spielman    Original Article
Posted By: brianod1- 8/1/2013 8:49:18 AM     Post Reply
Mayor Rahm Emanuel will not raise sales or property taxes to close a $338.7 million gap in next year’s budget but all bets are off in 2015, when the shortfall balloons to $1 billion without pension reform, a top mayoral aide said Wednesday. In 2015, the city is required by state law to make a $600 million contribution to stabilize police and fire pension funds that now have assets to cover just 30.5 and 25 percent of their respective liabilities.

Gang members invited
to summit designed to
end the violence
Chicago Sun-Times, by Frank Main    Original Article
Posted By: brianod1- 8/1/2013 8:45:39 AM     Post Reply
Hundreds of gang members will be invited to a summit in Chicago in an attempt to broker peace in the bloodiest neighborhoods — 20 years after “gang summits” here and in other states drew national attention, organizers said Wednesday. The Rev. Gregory Tatum, a California pastor with Chicago roots, said he hopes the Rev. Jesse Jackson and the Rev. Al Sharpton will attend the Sept. 27-28 summit. Jackson spoke at a gang summit two decades ago in Chicago, delivering a message to gang members that they were the “new frontier of the civil rights struggle.”

4 In 5 In US Face
Near-Poverty, No Work
Associated Press, by Hope Yen    Original Article
Posted By: brianod1- 7/28/2013 11:11:15 AM     Post Reply
Four out of 5 U.S. adults struggle with joblessness, near poverty or reliance on welfare for at least parts of their lives, a sign of deteriorating economic security and an elusive American dream. Survey data exclusive to The Associated Press points to an increasingly globalized U.S. economy, the widening gap between rich and poor and loss of good-paying manufacturing jobs as reasons for the trend. The findings come as President Barack Obama tries to renew his administration´s emphasis on the economy,

   

 

R_DBL_B
  


 
City of Chicago’s cash cushion
plummets, debt triples, arrests drop,
water use rises
Chicago Sun-Times, by Fran Spielman    Original Article
Posted By: brianod1- 7/28/2013 8:49:01 AM     Post Reply
Mayor Rahm Emanuel closed the books on 2012 with $33.4 million in unallocated cash on hand — down from $167 million the year before — while adding to the mountain of debt piled on Chicago taxpayers, year-end audits show. Last week, Moody’s Investors ordered an unprecedented triple-drop in the city’s bond rating, citing Chicago’s “very large and growing” pension liabilities, “significant” debt service payments, “unrelenting public safety demands” and historic reluctance to raise local taxes that has continued under Emanuel.



Most Active Articles (last 48 hours)



Ben Carson: White House wanted
apology for ‘offending’ Obama

49 replie(s)
Daily Caller, by Alex Pappas    Original Article
Posted By: StormCnter- 4/15/2014 5:22:51 AM     Post Reply
Neurosurgeon Ben Carson says the White House wanted him to apologize for “offending” President Obama after he famously delivered a conservative message at the National Prayer Breakfast last year. Carson, the former director of pediatric neurosurgery at Johns Hopkins Hospital, recalls the events surrounding his 2013 speech in his new book, One Nation: What We Can All Do To Save America’s Future. The Daily Caller obtained an advance copy of the book, which is set for release May 20. “He did not appear to be hostile or angry,” Carson writes of Obama, “but within a matter of minutes after the conclusion of

Brit Hume: Obama, Holder
‘Benefited Enormously’ From
Being African American

39 replie(s)
Mediaite, by Evan McMurry    Original Article
Posted By: JoniTx- 4/13/2014 9:14:46 PM     Post Reply
On Fox News Sunday, political analyst Brit Hume said that Eric Holder’s claim that his treatment at the hands of Representative Louie Gohmert (R-TX) at a House hearing this week was unprecedented toward an Attorney General, made him a “crybaby,” and that he and President Barack Obama had in fact benefited “enormously” from being the first African Americans in their respective positions. “This strikes me as kinda crybaby stuff from Holder,” Hume said. “My sense about this is both Eric Holder and Barack Obama have benefited politically enormously from the fact that they are African American and the first to

Why You Should Be Sympathetic
Toward Cliven Bundy

39 replie(s)
Powerline, by John Hinderaker    Original Article
Posted By: Toledo- 4/15/2014 8:40:58 AM     Post Reply
On Saturday, I wrote about the standoff at Bundy Ranch. That post drew a remarkable amount of traffic, even though, as I wrote then, I had not quite decided what to make of the story. Since then, I have continued to study the facts and have drawn some conclusions. Here they are. First, it must be admitted that legally, Bundy doesn’t have a leg to stand on. The Bureau of Land Management has been charging him grazing fees since the early 1990s, which he has refused to pay. Further, BLM has issued orders limiting the area on which Bundy’s cows can

Obama Generation Losing
Interest in Obama

36 replie(s)
Wall Street Journal, by James Freeman    Original Article
Posted By: Desert Fox- 4/14/2014 4:23:09 PM     Post Reply
President Obama inspired a generation of young people to support his historic election in 2008. And in 2012, despite the struggles of his first term, Mr. Obama still managed to win the support of a full 60% of voters age 18-29. But the man who once dreamed of being a transformative leader in the Reagan mold is inspiring few of those young people to follow his lead. "For all the talk about the movement that elected Mr. Obama, the more notable movement of Obama supporters has been away from politics. It appears that few of the young people who voted

   

 



 
The world must shift to solar and wind
power rapidly to avoid catastrophic global
warming, say UN scientists in major report

35 replie(s)
Daily Mail (U.K.), by Ben Spencer    Original Article
Posted By: Desert Fox- 4/13/2014 7:15:31 PM     Post Reply
A rapid shift to wind and solar power is needed if the world is to avoid catastrophic global warming, the United Nations warns in a crucial report today. Emissions of greenhouse gases need to be cut by up to 70 per cent before 2050 to control climate change, the Intergovernmental Panel on Climate Change (IPCC) says. ‘Large-scale changes in energy systems’ are required, with coal power stations to be switched off and replaced by wind and solar. And the transformation needs to be made in the next 15 years or controlling climate change will become increasingly harder and more expensive. The report was published

Why Hillary v. Jeb Would
Be Great for America

35 replie(s)
Daily Beast, by Mark McKinnon    Original Article
Posted By: Desert Fox- 4/13/2014 6:11:32 PM     Post Reply
They’re both qualified, respectful of each other (shocker!), and represent the vast majority of middle America. So what’s not to like about another Clinton/Bush race for 2016? When you mention the prospect of Clinton vs. Bush 2016 a funny thing happens. First, there is the reflexive response: "Oh no, not again. We don´t need more dynastic politics in this country." But upon further reflection, you realize Jeb Bush vs. Hillary Clinton would be a great race and actually good for the country. Let´s review. QUALIFICATIONS—THEY’VE BOTH GOT THEM. Barack Obama won the presidency because in an election where the premium was on change, it mattered little

Chelsea Clinton no longer
ruling out politics

35 replie(s)
The Hill (Washington DC), by Judy Katz    Original Article
Posted By: JoniTx- 4/14/2014 11:57:36 AM     Post Reply
Chelsea Clinton says when people ask her these days whether she wants to go into politics, her answer isn’t an automatic “no.” The 34-year-old former first daughter told Fast Company in an interview published Monday, “for so long the answer was just a visceral no. Not because I had made any conscientious, deliberate decision, but since people had been asking for as long as literally I could remember, it was no." Now, the only child of former President Clinton and former Secretary of State Hillary Clinton explains, "I live in a city and a state and a country where I

Glaring limits of the Civil Rights
Act: We need to redistribute wealth

34 replie(s)
Salon Magazine, by Matt Bruenig    Original Article
Posted By: KarenJ1- 4/14/2014 7:20:41 PM     Post Reply
Although the Civil Rights Act, the landmark legislation which just reached its 50th anniversary, made great strides in desegregating the economy, economic discrimination is still widespread, and anti-discrimination legislation alone can never rectify the economic damage inflicted upon blacks by slavery and our Jim Crow apartheid regime. The Civil Rights Act was a mild reform, all things considered, but one conservatives fought with vigor and one many conservatives are still bitter about to this day. When the Civil Rights Act passed in 1964, the primary purpose was to root out discrimination in public accommodations (like hotels and movie theaters)

If a nuclear bomb exploded in downtown
Washington, what should you do?

29 replie(s)
The Week, by Marc Ambinder    Original Article
Posted By: MissMolly- 4/15/2014 4:51:46 AM     Post Reply
Funny question in the headline, yes? But since President Obama worries more about the threat of terrorists´ improvised nuclear device going off in a major American city than anything Russia can throw at us, I was wondering if the government had deigned to share with us citizens any tips for, you know, surviving something their own intelligence points to as the likeliest unlikely Black Swan event. Well, no. And yes. No — very few people in Washington, D.C., who work for the government have any idea what they would do if a 10-kiloton nuclear device exploded at the intersection of 16th and K

Obama taps gay bishop to wrap Easter
Prayer Breakfast with invocation

28 replie(s)
Washington Times, by Cheryl K. Chumley    Original Article
Posted By: jackson- 4/15/2014 9:25:28 AM     Post Reply
When President Obama needed a preacher to fulfill the closing prayer duties at the annual White House Easter Prayer Breakfast, he turned to none other than the Episcopal Church’s first openly gay bishop — who said he was as shocked as anyone at the appointment. The Right Rev. Gene Robinson said in a tweet, accompanied by a photo of Mr. Obama behind a podium at the event: “POTUS ‘preaches’ at the Easter prayer breakfast. Then, out of the blue, asks ME to close with prayer. OMG!” Newsmax said he also emphasized that the words he chose to close the breakfast

Obama Selects First Openly Gay
Episcopal Bishop to Lead Easter Prayer

27 replie(s)
Mediaite, by Andrew Kirell    Original Article
Posted By: JoniTx- 4/14/2014 12:46:05 PM     Post Reply
President Obama pulled a surprise move Monday at the White House’s Easter Prayer Breakfast when he selected Gene Robinson to lead the closing prayer. Robinson is famously known as the first openly gay Episcopal bishop. Talking Points Memo’s Tom Kludt spotted the following tweet from Robinson, who was in attendance: (Tweet) Robinson, 66, became diocesan bishop of New Hampshire in March 2004. He retired in January 2013 and is currently a senior fellow at the progressive

Developing: Russian fighter jet buzzes
U.S. Navy destroyer in Black Sea

27 replie(s)
Associated Press, by Lolita C. Baldor    Original Article
Posted By: Desert Fox- 4/14/2014 12:49:12 PM     Post Reply
A Russian fighter jet made multiple, close-range passes near an American warship in the Black Sea for more than 90 minutes Saturday amid escalating tensions in the region, a U.S. military official said Monday. In the first public account of the incident, the official said the Russian Fencer flew within 1,000 yards of the USS Donald Cook, a Navy destroyer, at about 500 feet above sea level. Ship commanders considered the actions provocative and inconsistent with international agreements, prompting the ship to issue several radio queries and warnings. The fighter appeared to be unarmed and never was in danger of

   

Post Reply   Close thread 727476





Home Page | Latest Posts | Links | Must Reads | Update Profile | RSS | Contribute | Register | Rules & FAQs
Privacy Policy | Search | Post | Contact | Logout | Forgot Password | Search Using Google



© 2014 Lucianne.com Media Inc.

FS