Tag: Rahm Emanuel

Is Emanuel's decision not to run and his issuing $10 billion in city bonds related?

What does Rahm (Lame Duck) Emanuel plan to do after leaving the mayor’s office next year? Here’s a thought: He’s planning to issue $10 billion in bonds to help pay down the city’s huge pension debt. Imagine the commissions that the bonds will generate. Now ask where Emanuel plans to work after he leaves office.... Read more »

Problems with Elon Musk's underground rocket trip to O'Hare Airport

Before we all swoon under the hypnotic hype about Elon Musk’s proposal to build a high-speed automated people-mover between O’Hare Airport and the Loop, a few questions need to be asked. Oops, too late. As with every “bold, new mega project” here, the wowzers, including Mayor Rahm Emanuel and assorted “mover and shakers” (i.e. The Connected) expect... Read more »

All aboard the fantasy express to O'Hare Airport

Imagine zooming 125 m.p.h underground from downtown to O’Hare Airport on a new express train and getting there in plenty of time of find out your flight has been delayed–again. Imagine making that trip in a promised 20 minutes from O’Hare to downtown after it took your flight 20 minutes to get to the terminal gate... Read more »
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Analysis of the latest O'Hare Airport expansion plan that you won't find elsewhere

Why? Because as the Chicago Daily News’ urban affairs reporter I started covering the airport beat in 1972 when Richard J. (The First) Daley floated the cockamamie idea of building a third airport in Lake Michigan. As the transportation reporter, editorial board member and op-ed columnist for the Chicago Sun -Times I followed the issue... Read more »

Rep. Gutierrez' rigged succession: it's the Chicago Way

“[There is] no quid pro quo,” — Rep. Luis Gutierrez’ denial that there was a secret, backroom deal behind his sudden, surprising retirement from  his congressional seat and endorsement of Jesus “Chuy” Garcia as his successor. Oh, sure. That’ll rank right up there in Chicago political lore with the late Mayor Richard J. Daley’s famously absurd assertion that, “There... Read more »

Rahm's latest flight of fancy: a high-speed subway train to O'Hare

Chicago’s public schools are broke, property taxes are sky high, savage gang wars rake the South and West sides, and so on and so on. So here comes Mayor Rahm Emanuel ballyhooing an out-of-sight costly subway to link the Loop and O’Hare Airport with high-speed trains. (Here and here.) Irresponsible. Nutty. Insane. The cost, disruption... Read more »
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Sanctuary cities get $27 billion federal aid; Chicago the second largest beneficiary

Declaring that your city, county or state is a sanctuary from the enforcement of federal immigration laws could be detrimental to your financial health. A report from OpenTheBooks.com finds that as much as $27 billion in federal aid could be endangered by a local unit of government by refusing to comply with federal immigration law.... Read more »

Am I the only one who wasn't pitched a story by Rahm Emanuel

Robert Feder does an excellent column on the disclosure of emails detailing Chicago Mayor Rahm Emanuel’s dealings with the media: “Dear Rahm: Emails reveal how Emanuel works the media — and vice versa”  

Chicago's pension debt still is a "sinkhole"

Mayor Rahm Emanuel hailed as good news that fact that Fitch credit rating service didn’t plunge Chicago’s debt into junk bond status. Instead Fitch has decided to keep the BBB-minus rating on the city’s $9.2 billion in outstanding general obligation bonds. That means that it is only one step above junk bonds.  It also called the... Read more »
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Chicago again buggers Bensenville and its neighbors--O'Hare's disappearing western terminal

Chief among Chicago’s promises a decade ago when it laid out plans for O’Hare Airport expansion was a 50-gate terminal on the airport’s western edge. Northwest suburbs gradually dropped their opposition to the expansion as visions of an economic boom danced in their  heads, made possible by the western terminal and its access roads: The... Read more »
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