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Big names litter road to pension disaster
Chicago Sun-Tmes, by Dave McKinney
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Original Article
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Posted By:brianod1, 3/17/2013 12:32:29 PM
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| 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.
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Comments:
Tales from a dying state...
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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.
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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.
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Reply 3 - Posted by:
Johnny Angle, 3/17/2013 2:12:16 PM (No. 9229571)
Deep Dish Chicago Style Bankruptcy.
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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???
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Reply 5 - Posted by:
iris354, 3/17/2013 3:09:21 PM (No. 9229652)
And now, with the implementation of Obamacare, going national!
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Below, you will find ...
Most Recent Articles posted by "brianod1"
and
Most Active Articles (last 48 hours)
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Most Recent Articles posted by "brianod1"
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CPS denies it banned book
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Chicago Sun-Times, by Lauren Fitzpatrick
Original Article
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Posted By: brianod1- 3/17/2013 12:36:13 PM
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Chicago Public Schools’ removal of the graphic novel Persepolis from classrooms sparked protests Friday and outcry from the autobiographical novel’s Iranian-born author. The district denied Friday it had banned the book outright from CPS schools, saying instead it only removed them from 7th grade classrooms for being “inappropriate.” CEO Barbara Byrd-Bennett also ordered up training for any high school teachers who wish to continue using the illustrated story of Marjane Satrapi growing up in revolutionary Iran.
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Big names litter road to pension disaster
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Chicago Sun-Tmes, by Dave McKinney
Original Article
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Posted By: brianod1- 3/17/2013 12:32:29 PM
Post Reply
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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.
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How I am a Roman Catholic
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Chicago Sun-Times, by Roger Ebert
Original Article
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Posted By: brianod1- 3/3/2013 11:42:17 AM
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In the dark hours of Thursday morning, Feb. 28, I awoke to find CNN featuring a continuous shot of a helicopter. The network cut between a close-up and a distant dot. It was Benedict, flying from the Vatican City. This was extraordinary attention for an ordinary cardinal, because as Benedict told the throng awaiting him, “I am no longer pope.” I am not a scholar of Catholic history, but I believe we were witnessing the first time the papal throne was vacant. It may have been occupied by rogues, scoundrels, impostors or even a woman, but always there was someone sitting there.
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As Obamacare takes effect, doctors,
others worry about what’s to come
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Chicago Sun-Times, by David Roeder and Monifa Thomas
Original Article
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Posted By: brianod1- 3/3/2013 11:33:45 AM
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American health care is being transformed, for better or worse. “Better,” in this case, means parts of the Affordable Care Act that have polled well and been enacted, taking their place comfortably in the medical system. These include letting dependent children stay on their parents’ health insurance until age 26 and a ban on insurance companies dropping children for pre-existing conditions
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Top cop critic Ald. Brookins Jr.
reps gang banger
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Chicago SunTimes, by Michael Sneed
Original Article
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Posted By: brianod1- 3/3/2013 11:11:44 AM
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It’s takedown time. Ald. Howard Brookins Jr., who has been blasting Police Supt. Garry McCarthy for the city’s gang violence, seems to be talking out of both sides of his mouth. Critics claim Brookins, who is demanding police grapple harder with guns and gangs, is undermining police action by representing gang members with gun convictions.
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Pending Jesse Jackson Jr. plea
deal includes ‘significant
jail time,’ source says
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Chicago Sun-Times, by Michael Sneed
Original Article
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Posted By: brianod1- 2/6/2013 11:11:17 PM
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Sneed has learned a plea deal is now on the table between former Rep. Jesse Jackson Jr. and federal authorities probing allegations of campaign fund misuse. Sneed is told the plea deal includes Jackson serving time in federal prison. “Significant jail time is now definitely a part of the deal,” said a top Sneed source close to the probe. “But I think [Jackson’s wife] Sandi, feels like she was thrown under the bus by her husband, ” now that a separate probe has begun on her, a second source added. Sandi Jackson claims she was stunned by campaign finance abuse disclosures against her husband,
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It´s finally Gutierrez´s time
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Crain´s Chicago Business, by Greg Hinz
Original Article
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Posted By: brianod1- 11/18/2012 12:05:20 PM
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Rep. Luis Gutierrez had just returned from taping a segment on “The O´Reilly Factor,” forming half of an ideological odd couple with Bill O´Reilly if there ever was one. He was preparing a House floor speech declaring, “The Republican Party really met Latinos on Election Day.” And he was telling me on the phone that, when it´s all over, “Chicago is going to see a lot more of Luis Gutierrez.” It´s that kind of moment for the Chicago Democrat. For nearly two decades, the onetime Northwest Side alderman has been an oft-lonely voice in the Washington wilderness on immigration reform.
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Memo to the election´s victors:
It´s time for action
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Crain´s Chicago Business, by Greg Hinz
Original Article
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Posted By: brianod1- 11/11/2012 12:03:23 PM
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With due respect to all of you hardworking political consultants and TV station owners, there´s only one reason to hold an election. That´s to determine who will shoulder the oft-onerous task of governing. Now that the election is over, President Barack Obama holds that honor. So do Springfield Democrats, particularly House Speaker Michael Madigan and Senate President John Cullerton. They wanted the job. They got the job. Now they have to produce. On the national level, one clear need is immigration reform.
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Data the Romney Campaign is Looking At
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National Review Online, by Rich Lowry
Original Article
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Posted By: brianod1- 11/6/2012 5:25:53 PM
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This is what the Romney folks say is encouraging them. Passed along for what it’s worth: CO: Adams County (lean D county) – strong R turnout based on morning data – on track to win since first time in 1984. AB/EV margins will be hard for them to overcome today. Right now – it’s a virtual tie. Arapahoe (Swing County) – 4860 D, 5271 R – Election Day so far Over 83% of the vote was AB/EV – Dem: 75653 Rep: 75812
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Election prediction: Electoral votes will
add up to Barack Obama victory
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Chicago Sun-Times, by Richard Roeper
Original Article
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Posted By: brianod1- 11/5/2012 8:38:13 AM
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Somewhere around the time President Barack Obama and New Jersey Gov. Chris Christie were standing in unison, while members of Team Romney reportedly were purchasing items to be given away at a fund-raiser for storm victims, it hit me. Somewhere around the time Donald Trump was bleating about the president missing the deadline and saying charities would suffer because of it — as if the money wasn’t Trump’s to do with what he pleases — it hit me.
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Economy slowing crawling back
four years after 2008 election
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Chicago Sun-Times, by Francine Knowles
Original Article
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Posted By: brianod1- 11/5/2012 8:35:05 AM
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Flashback 2008: job losses in free fall, a housing market boom gone bust and credit markets in crisis amid the Great Recession. Four years later, the U.S. economy continues to climb out of the hole that engulfed it at a still sluggish pace, and economists say it will take many months to regain all the millions of jobs lost. Since the darkest days of the recession, which began in December 2007 and ended June 2009, the job market has gone from losing a high of 818,000 jobs in January 2009 to adding jobs for 25 straight months
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Most Active Articles (last 48 hours)
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We Are Living in
a Dying Country
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Rushlimbaugh.com, by Rush Limbaugh
Original Article
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Posted By: Desert Fox- 4/5/2013 4:53:10 PM
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RUSH: Folks, I don´t know how else to categorize this. We are living in a dying country. I don´t know how else to categorize what´s happening -- 88,000 new jobs. The unemployment rate, because of a terrible statistic, is down to 7.6%. The number of people in this country who are not working is shameful. Ninety million Americans are no longer in the workforce. Ninety million. People not in the labor force grew by 663,000, and now 90 million. That´s the labor force participation rate. This is 1979 levels.
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Why Obama´s ´Best-Looking Attorney
General´ Comment Was a Gaffe
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The Atlantic, by Garance Franke-Ruta
Original Article
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Posted By: Oblio- 4/6/2013 6:51:15 AM
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President Obama´s biggest gaffe yesterday when speaking of California Attorney General Kamala Harris was not in flirtatiously complimenting her as "the best-looking attorney general," but in introducing an observation from the system of beauty into a forum that was about the system of power.What´s that, you say? Irin Carmon does a great job in Salon in laying out the bounds of propriety for when it´s appropriate to talk about a woman´s looks as a general matter. But I´ve long felt we lack a solid theoretical underpinning for easily discussing these issues, and why precisely it is that
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´My bangs are getting
a little irritating´: Michelle
Obama admits she already regrets
her high-maintenance hairdo
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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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Hillary Clinton Would Not
´Clear the Field´ for 2016
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New Republic, by Tod Lindberg
Original Article
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Posted By: StormCnter- 4/6/2013 5:22:36 AM
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No one is more preoccupied these days with Hillary Clinton´s 2016 plans than the Beltway political class—not even the former presidential candidate herself. To hear some tell it, her decision will be dispositive for all other Democrats thinking of entering the race. And pundits and reporters aren´t the only ones positing the "The Hillary Factor": No less than the House Democratic whip, Steny Hoyer, told BuzzFeed, “I don´t know that anybody would run against Hillary…. If she runs, she clears the field.” It´s an understandable conclusion, given Clinton´s stature in the Democratic Party and her 70 percent
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Obama critic apologizes for
his ´poorly chosen words´
on gay marriage
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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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Hillary Clinton: The clock is turning
back for women in America
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Washington Examiner, by Charlie Spiering
Original Article
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Posted By: Desert Fox- 4/5/2013 3:25:20 PM
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Former Secretary of State Hillary Clinton explained to the Women in the World summit in New York today that the clock is turning back for women in America. Clinton praised her own mother for helping empower her to success and marveled at the opportunities that her own daughter Chelsea has pursued. But Clinton warned that there is still so much to do to promote women´s rights in America. "As I look at all these young women that I am privileged to work with, or know through Chelsea, and its hard to imagine turning the clock on them," Clinton said.
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White House Blames Jobs
Numbers on Sequester
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Breitbart´s Big Government, by Wynton Hall
Original Article
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Posted By: Dreadnought- 4/5/2013 8:02:58 PM
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The Obama White House is scrambling to blame Friday’s abysmal March jobs numbers on the sequester’s trimming of the rate of growth in federal budgets that have yet to fully commence. After the Labor Department announced that a mass exodus of 663,000 workers left the U.S. workforce last month and that job creation fell 112,000 jobs short of projections, Obama’s top economic adviser Alan B. Krueger, took to the White House blog to blame the sequester: It is important to bear in mind that the March household and payroll surveys are the first monthly surveys to look
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Mother Of Slain Benghazi
Officer To Sean Hannity:
‘They Want Me To Shut Up’
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Mediaite, by A.J. Delgado
Original Article
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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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Trayvon Martin´s parents
settle wrongful death claim
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Orlando Sentinel, by Rene Stutzman
Original Article
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Posted By: Desert Fox- 4/5/2013 3:15:25 PM
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SANFORD - Trayvon Martin´s parents have settled a wrongful death claim for an amount believed to be more than $1 million against the homeowners association of the Sanford subdivision where their teenage son was killed. Their attorney, Benjamin Crump, filed that paperwork at the Seminole County Courthouse, a portion of which was made public today. In the five pages of the settlement that were available for public review, the settlement amount had been marked out. Lower in the agreement, the parties specified that they would keep that amount confidential. When asked during an earlier interview whether the amount was
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Beyonce, Jay-Z celebrate 5th
anniversary in Havana, Cuba
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Los Angeles Times, by Nardine Saad
Original Article
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Posted By: Fiesta del sol- 4/6/2013 8:20:04 AM
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Beyonce and Jay-Z celebrated their fifth wedding anniversary in Cuba this week. The couple, who married on April 4, 2008, took in the sights of Old Havana, visited a school, dined on a rooftop terrace and strolled the fan-filled streets in their island best.(snip).The power couple declined to answer journalists´ questions about their visit to the island nation, but some outlets are reporting that the moguls are there as tourists, though that would be illegal because of the half-century embargo the U.S. has on the Communist country. However, the Miami Herald said Washington has issued special licenses for
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Obama Budget to Cap Retirement
Accounts at $3 Million
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Breitbart´s Big Government, by Tony Lee
Original Article
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Posted By: Desert Fox- 4/5/2013 9:40:39 PM
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The budget President Barack Obama will submit on April 10 will contain a proposal that would prohibit individuals from accumulating more than $3 million in Individual Retirement Accounts (IRAs) and tax-preferred retirement accounts. According to a White House statement, the Obama administration believes the current rules allow some wealthy individuals "to accumulate many millions of dollars in these accounts, substantially more than is needed to fund reasonable levels of retirement saving." "The budget would limit an individual’s total balance across tax-preferred accounts to an amount sufficient to finance an annuity of not more than $205,000 per
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