Posts tagged "business"

Can Chicago and Illinois declare bankruptcy?

Mayor Richard M. Daley discusses pension reform at a news conference Wednesday. (Alex Garcia, Chicago Tribune / December 7, 2010) Himself, Mayor Richard M. Daley, was the one who brought up the unthinkable: Bankruptcy. Financial ruin. Fiscal discipline of the unknown kind. Sacrifice. Pain. Disgrace. Creditors lined up, fighting over whatever scraps are left. Favored contractors... Read more »

Most Voters Oppose the Reelection of Anyone Who Voted for the Health Care Law, Auto Bailouts, Stimulus Plan

Mark Ralston/Getty Images / September 4, 2010 Unemployed Americans attend a job fair on the first day of the Labor Day long weekend in the City of El Monte outside of Los Angeles. US unemployment jumped to 9.6 percent in August, the Labor Department said, showing the recovering economy is still struggling to create jobs.... Read more »

Are they insane?

Visitors at the Aircraft Interiors Expo at the Long Beach Convention Center try out the new SkyRider seats, which put passengers in a semi-standing position, with as little as 23 inches between rows. (Gina Ferazzi, Los Angeles Times / September 13, 2009) In a never-ending effort to muscle more money out of the traveling public,... Read more »

Why is Illinois Using Credit Default Swaps?

You remember credit default swaps, right, the financial “instrument” that pricked the housing and economic bubbles? Illinois is “enjoying” the same kind of debt bubble that led the nation into its current financial mess. I call it a debt bubble because if all the borrowing that the state does to keep it afloat ever becomes... Read more »

Rally in Illinois for jobs on Sept. 8

As the number one issue for the American people is jobs and the economy, the Congressional Budget Office estimates that the Obama oil drilling moratorium alone will cause a loss of 23,000 jobs. That is why the American Conservative Union is partnering with the American Petroleum Institute in order to protect domestic job growth.  With... Read more »

UPDATE: Carp Chronicles II

UPDATE: Crains Chicago Business reports that President Barack Obama will name a “carp czar” within a month to make sure the Asian kind don’t get into Lake Michigan. Great, another  Obama administration top-level post that isn’t subject to congressional scrutiny. ORIGINAL POST:Just as the Asian carp alarmists were descending today on Washington to pitch their... Read more »

Competitors secretly finance local opposition to WalMart in Mundelein and elsewhere

You know all the NIMBY (Not in My Backyard) noise opposing the construction of WalMarts? Turns out that some of it is secretly funded by WalMart’s competition. The Wall Street Journal detailed how it worked in north suburban Mundelein. Local activists and union groups have been the public face of much of the resistance. But... Read more »
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