Illinois is broke and continues to flirt with junk bond status. But the state’s financial woes aren’t stopping 63,000 government employees from bringing home six-figure salaries and higher. Whenever we open the books, Illinois is consistently one of the worst offenders. Recently, we found auto pound supervisors in Chicago making $144,453; nurses at state corrections […]
How Bad Is the Crisis in Illinois? It Has $14.6B That’s BILLION with a ‘B’ in Unpaid Bills…
This is what happens when a major American state lets its bills stack up for two years. Hospitals, doctors and dentists don’t get paid for hundreds of millions of dollars of patient care. Social-service agencies help fewer people. Public universities and the towns that surround them suffer. The state’s bond rating falls to near junk […]
Illinois Comptroller: “The State Can No Longer Function”…
With just 10 days to go until Illinois enters its third year without a budget, resulting in the state’s imminent downgrade to junk status and potentially culminating in a default for the state whose unpaid bills now surpass $15 billion, Democratic Illinois Comptroller Susana Mendoza issued a warning to Illinois Gov. Rauner and other elected […]
Attempts to Honor Obama Legacy Generate Fury…
In the blue state of Illinois, where President Barack Obama launched his historic career, served as a senator and is widely lauded as a Chicago hometown hero, you would think proposing a holiday honoring him would be an easy call. Instead, state Rep. Andrew Thapedi was bombarded with a stream of death threats, “venomous” emails […]
The Godfather Admits Using Personal Email for Public Business…Thousands Released…
Under pressure from a pair of open records lawsuits, Mayor Rahm Emanuel acknowledged for the first time Wednesday that he has used personal email accounts to conduct public business, a practice that allowed him to hide some of his government correspondence from the public since he took office…
A Voice Cuts Through, and Adds to, the Intrigue of Recent Electoral Cyberattacks…
Three Former Barclays Traders Convicted Of LIBOR Manipulation…
The first bank to admit that it engaged in massive manipulation of the LIBOR rate was Barclays back in 2012, and traders are still being scapegoated tried in court to this day…
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