On a range of issues, our state faces tough problems that can only be solved by stakeholders and elected officials working together. The new pension reform legislation, Senate Bill 2404, shows the way.
The bond-rating agency Moody's made itself famous for giving subprime mortgage backed securities triple-A ratings at the peak of the housing bubble. Well, Moody's is back. They announced plans to change the way they treat pension obligations in assessing state and local government debt.
Apparently, the nation's most prestigious newspaper feels Rattner's financial acumen and half-vast experience in manufacturing -- manufacturing kickback schemes, that is -- qualifies him to hold forth on what ails the economy.
The pension crisis is yet another downside of the Fed's quantitative easing that creates a Catch 22 for pension stewards. It makes it difficult if not impossible for pension fund managers to get a decent return by investing in low-risk federal securities.
Considering the destruction the banks have wrought, shouldn't our nation revisit the foolish policy of giving banks the license to create our nation's money, then having our government borrowing that money and paying interest on it?
How does one go about tracking down a lost pension? About 35 years ago, I worked at a manufacturing company for a few years that offered employee pensions, and I want to find out if I'm eligible for any money now that I'm about to retire.
In the name of "fiscal responsibility," the self-interested CEOs animating Fix the Debt are pushing a deficit reduction plan that would lower taxes for corporations and the super-rich while slashing programs central to the middle class and those working their way into it.
Governor Pat Quinn is one of President Obama's major supporters, so it seems a little odd to see him helping get Reboot Illinois off the ground -- a startup from donors who funded some of the most hard-hitting attack ads on the president.
As the world economy continues to struggle, people are taking to the streets by the thousands to protest painful cuts in public spending designed to reduce government debt and deficits. This fiscal fury is understandable.
Sometimes when you see two people out on the dance floor, it is clear that they are partners. They move in sync, with energy and an unspoken discipline. Such is the case now in Chicago with Mayor Rahm Emanuel and Cook County Board President Toni Preckwinkle.
Romney's economic plan has gained the public endorsement of more than 600 professional economists. This public support, however, is diminished by the fact that most of these economists are urging voters to do as they say, but not as they do.