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6 Answers to Illinois Credit Rating Questions

Matthew Dietrich | Posted 11.25.2015 | Chicago
Matthew Dietrich

When Moody's Investors Service downgraded Illinois' credit rating in October, Illinois earned not only the distinction of having the lowest credit score of any state (it had had that for some time) but also became the first state to receive a rating below single-A. But what does that mean and how can Illinois get out of last place?

Moody's Knocks Illinois Credit Rating; Second Downgrade in Four Days

Matthew Dietrich | Posted 10.23.2015 | Chicago
Matthew Dietrich

Two ratings agencies this week downgraded Illinois' credit rating. What does this mean to you? Mainly it means that more of your tax dollars now will go toward paying interest on state borrowing.

Fitch Issues First Credit Downgrade of Rauner Era, Cites Illinois Pension Trouble

Matthew Dietrich | Posted 10.20.2015 | Chicago
Matthew Dietrich

Editor's note: This post has been updated to reflect an Illinois credit rating downgrade issued by Fitch Ratings on Monday afternoon. "With The Econo...

Thrilling Thursday: The Wild Market Ride Continues

Phil Davis | Posted 09.10.2015 | Business
Phil Davis

We're in cash, so we don't care. That's right, remember how we cashed out last week and how we had those disaster hedges in Friday m...

What Can Chicago Learn From Baltimore?

Matthew Dietrich | Posted 05.14.2015 | Chicago
Matthew Dietrich

Could Chicago see the kind of angst viewed in Baltimore last month and Ferguson last year? One Illinois professor says racially charged civil unrest and dissatisfaction with police in Chicago might be inevitable.

Beware of 'Alarmist' Journalism During Times of National Crisis

Laura Wellington | Posted 12.28.2014 | Media
Laura Wellington

The fact is -- given a bit of clear thinking unencumbered by all of the noise -- none of the issues perpetuating our current national crisis are going to be solved by the screaming children in the room so why join them as it will only serve to hamper much needed solution.

SEC Chair Mary Jo White's Upcoming Test

Micah Hauptman | Posted 10.18.2014 | Business
Micah Hauptman

The indications we've been given -- although no one is willing to state definitively what the final rule is likely to include -- suggest that we shouldn't get our hopes up that our chief concerns will be comprehensively or even meaningfully addressed. We hope we are reading those indications wrong.

How Kansas and California Debunked the GOP's Tax Cuts Argument

C. Robert Gibson | Posted 09.15.2014 | Politics
C. Robert Gibson

The Paul Ryans of America have lost the bet fair and square. The tax cuts experiment has had plenty of time to show results, but the only people whose economic situations have improved since the Bush tax cuts are the wealthiest 1 percent of society.

Why Pearson Tests Our Kids

Alan Singer | Posted 08.11.2014 | Education
Alan Singer

For all its claims about efficacy, Pearson is not a very efficient company. For all its claims about valuing education, the only thing Pearson appears to value is profit.

Controlling Risk in a World of Risks

Dominique de Villepin | Posted 02.11.2014 | World
Dominique de Villepin

Now is the time for a new globalization, that can be either multipolar, based on fair development, stability and innovation or confrontational, based on privileges, speculation and inequities. This means making choices and changes in many sectors: let's begin with credit rating.

Families Are Getting Poorer, And That Spells Trouble For Colleges

Reuters | Posted 01.25.2014 | College

Nov 22 (Reuters) - More than 40 percent of U.S. public universities and nonprofit colleges face lower or anemic tuition revenue growth and declining...

Is This The End Of 'Too Big To Fail'?

Reuters | Posted 11.15.2013 | Business

NEW YORK, Nov 14 (Reuters) - Moody's Investors Service cut the debt ratings for four big bank holding companies, including Morgan Stanley and JPMorgan...

What is "For the good of the Country"?

Harlan Green | Posted 01.23.2014 | Business
Harlan Green

Former CIA assistant director Mike Morell's lamented on a recent CBS 60 Minutes that he didn't understand why congressional Democrats and Republicans ...

Rating Agencies Accused Of Fraud

Reuters | Karen Freifeld | Posted 11.11.2013 | Business

NEW YORK (Reuters) - The liquidators of two Bear Stearns hedge funds filed a lawsuit on Monday against the three major U.S. rating agencies, accusing ...

How College Sports Could Make Universities Go Broke

The Huffington Post | Tyler Kingkade | Posted 10.15.2013 | College

College sports are becoming bigger financial risks for universities throughout the country, according to a report issued Friday from Moody's Investors...

Detroit Defaults On ANOTHER Debt

AP | Posted 10.03.2013 | Detroit

DETROIT -- DETROIT (AP) — Detroit, not unexpectedly, has defaulted on its most recent general obligation bond debt payment, Moody's Investors Servic...

Texas Medicaid Law Could Transform Life Insurance Industry

Wm. Scott Page | Posted 11.04.2013 | Fifty
Wm. Scott Page

While the Texas law may not be good news for insurance companies, it opens up a whole new range of possibilities for those facing daunting healthcare costs. It brings a new mark of legitimacy to life settlements while helping those most in need pay for medical care.

California Clearly a Top State for Business

Mike Rossi | Posted 07.24.2013 | Los Angeles
Mike Rossi

When it comes to being one of the Top States for Business, there are those who talk about their potential and those who exercise it. For the Golden St...

My Top Quotes in Illinois

Madison Bondi | Posted 07.23.2013 | Chicago
Madison Bondi

The subject of political corruption is nothing new to Illinois, but the recent accusations of patronage against House Speaker Michael Madigan made by ...

Madigan, Metra and clout culture: "Legal" doesn't mean "correct"

Matthew Dietrich | Posted 09.21.2013 | Chicago
Matthew Dietrich

LEGAL VS. RIGHT Whether House Speaker Michael Madigan broke any laws in trying to obtain a raise for a political donor at Metra is all but irrelevant....

Rep. Franks: Maybe Metra's Clifford broke law?

Matthew Dietrich | Posted 09.18.2013 | Chicago
Matthew Dietrich

IT'S ALL IN THE BERRIOS FAMILY CIRCLE Cook County taxpayers got dinged this week by county Assessor Joe Berrios as they will foot the $500,000 bill fo...

Ex Metra CEO: Speaker Madigan has "moral character flaw"

Matthew Dietrich | Posted 09.17.2013 | Chicago
Matthew Dietrich

WHO'S GOT THE "MORAL CHARACTER FLAW?" Ex Metra CEO Alex Clifford says House Speaker Michael Madigan has that big character deficit. Wait, who? Only hi...

How Ratings Agencies Helped Trigger The Financial Crisis

Rolling Stone | Posted 06.23.2013 | Business

It's long been suspected that ratings agencies like Moody's and Standard & Poor's helped trigger the meltdown. A new trove of embarrassing documents s...

Greece's Dilemma: Too Much Austerity and Too Many Demons

Daniel Wagner | Posted 08.18.2013 | World
Daniel Wagner

Greece continues to operate under a client-based political system that nurtures a nepotistic and bloated bureaucracy -- even after five years of crisis and cutbacks.

Detroit's Bond Ratings Take Another Hit

Reuters | Posted 08.13.2013 | Detroit

June 13 (Reuters) - Moody's Investors Service on Thursday pushed the credit ratings on nearly $8.4 billion of Detroit bonds deeper i...