SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
CapitolFax.com
To subscribe to Capitol Fax, click here.
Morning Shorts

Friday, Feb 27, 2009

* Integrys keeps dividend, cuts capital budget

Peoples Gas is cutting its capital budget by a whopping 46% this year as parent Integrys Energy Group Inc. conserves cash in large part to continue paying a dividend — one that it just raised — to investors.

* Economy Shrinks Faster Than Expected In 4Q

6.2 Percent Contraction In 4th Quarter Of 2008, Worst In 25 Years

* Foreclosure crisis: Federal aid to help Joliet and Will County fix and resell foreclosed homes

* Sidetracked by slump, realty pros eager to get back on course

* GM posts $30.9 billion loss, keeps spending billions

* Tough times drive up community college enrollment

* More students a two-edged sword

* Northwestern approaches $50,000

Facing a steep drop in its endowment, Northwestern University says its tuition, room and board will rise 3.6 percent this fall, — to nearly $50,000.

* Dire Budget Predictions for Chicago Schools

There is the perfect storm of reduced revenues, and ballooning and explosive pension payments. And the only word I can use for it is explosive, because they go up by hundreds of millions of dollars in one year.

The district will not be able to plug budget holes with an estimated $390 million from the stimulus package, since much of that money is earmarked. Huberman, who’s been on the job about four weeks, said he’ll cut central office jobs before touching schools.

* Unfiltered: Ron Huberman on the CPS Budget

* Chicago schools chief wants kids safe from crossing gang turf

Ron Huberman, the chief executive officer of Chicago Public Schools, said he wants to replace a piecemeal approach with a districtwide effort with police to evaluate how gangs affect school attendance boundaries, what gang boundaries students must cross to get to school and even how CTA bus routes intersect boundaries as they carry students to class.

* Low CPI has local school districts slashing expenses

Stimulus plan or no stimulus plan, many suburban school districts are hacking away at next year’s budgets because of a steep drop in the Consumer Price Index, a figure that determines how much property tax revenue schools can collect.

* Lake County Journals Honors Congressman Mark Kirk and Sheriff Mark Curran, Jr. with ForeFronts Award

* Democrat Bean votes against spending plan

U.S. Rep. Melissa Bean was one of 20 Democrats to vote against this fiscal year’s federal appropriations plan Wednesday, putting the Barrington resident on the side of Republicans in the suburbs.

* Southland reps bring home projects

Local members of Congress used their clout on Capitol Hill to include millions of dollars for Southland projects in a $410 billion spending bill that passed the House on Wednesday.

* County Budget Axe Spares Jobs at Health Bureau

Cook County health officials say they can absorb the latest budget cuts without trimming more jobs or services. But one heavy-hitter in county government says he’s not so sure.

* Whose side is he on?

Chicago Police Supt. Jody Weis thinks it’s a bad idea to release the names of officers who have multiple citizen complaints against them—such a bad idea that he’s defying a federal judge’s order to do so.

* Aviation, CTA get new chiefs

* New CTA President Will Face Serious Challenges

When he takes over as the new president of the CTA on Thursday, Richard Rodriguez will face a bevy of challenges and a $242 million budget gap.

* Mayor Richard Daley names new CTA, aviation bosses

Richard Rodriguez had barely enough time to learn his way around Chicago’s airports before he was reassigned Thursday to the CTA, the nation’s second-largest transit system.

* A look inside Illinois’ only super=max prison

* Tollway directors push for high-tech violation process

- Posted by Mike Murray        


7 Comments
  1. - John Boy from Oswego - Friday, Feb 27, 09 @ 9:54 am:

    No comments on Dick Durbin’s attempts to get the Fairness Doctrine reinstated without needing Congressional approval?

    I’m not sure if this is an Blago-esque end run around those less enlightened, a dose of Obama-esque hope, A Burris-esqu ‘misunderstanding’, or just another Durbin-esque embarrassment.

    But I’m not surprised, though. This is what Illinois politicians do.

    Hope it doesn’t end up affecting blogs like yours, Rich.


  2. - Scooby - Friday, Feb 27, 09 @ 9:59 am:

    “6.2 Percent Contraction In 4th Quarter Of 2008, Worst In 25 Years”

    HOLY CRAP!


  3. - Independent - Friday, Feb 27, 09 @ 10:05 am:

    Amen, Scooby. This may be the most depressing list of Morning Shorts yet. I’m not blaming Mike as these are the headlines.


  4. - wordslinger - Friday, Feb 27, 09 @ 10:07 am:

    –(Crain’s) — Peoples Gas is cutting its capital budget by a whopping 46% this year as parent Integrys Energy Group Inc. conserves cash in large part to continue paying a dividend — one that it just raised — to investors.–

    This is what passes for responsibility to stockholders these days. The MBA factories continue to churn out robots who can see no further than the next quarterly dividend.

    There’s a whole generation out there that believes a constantly rising stock market is an entitlement, and the only measure of an economy or a society. I know 20 and 30-somethings who were shocked to find out their 401Ks were not guaranteed like their bank accounts.

    Think there will be a rate increase to meet “dire infrastructure needs” in the near future?

    Are these the business principles we’re always told need to be applied to government?


  5. - The Doc - Friday, Feb 27, 09 @ 10:40 am:

    Amen, Wordslinger.

    CUB should hit them hard in the likely event that they attempt to increase rates.


  6. - Amy - Friday, Feb 27, 09 @ 11:24 am:

    Jerry Butler does not like the health cuts. very amusing.


  7. - BannedForLife - Friday, Feb 27, 09 @ 11:53 am:

    as if there’s a map of gang boundaries


Sorry, comments for this post are now closed.


* SDems leak K-12 funding plan
* A look at the Chicago numbers
* Rauner looks to the South for inspiration
* *** UPDATED x1 - Rauner admin responds *** AFSCME local to hold "special strike assessment" meeting
* Question of the day
* Rauner's new favorite word
* A violence prevention program that seems to work?
* *** LIVE COVERAGE *** Rauner to hold press conference with mayors
* Today's quotable
* More money isn't everything
* Crain's: "By nearly every measure, the state is worse off since Rauner took office"
* More bad news
* This Is Illinois
* Duckworth case settled for fees, costs
* *** UPDATED x1 *** A good idea, just don't over-promise
* SUBSCRIBERS ONLY - Today's edition of Capitol Fax (use all CAPS in password)
* Yesterday's blog posts

Support CapitolFax.com
Visit our advertisers...

...............

...............

...............

...............

...............


Search This Blog...

Search the 98th General Assembly By Bill Number
(example: HB0001)

Search the 98th General Assembly By Keyword

  
* Trying to picture a ‘space black’ iPhone 7? Let these concept renders help you out
* Facebook App Takes on Movie-Making Feature in iOS 10 With 'Slideshows'
* Uber strikes the right note with its drivers by offering six ad-free months of Pandora
* Would a Google built phone really be a bad thing?
* iPhone 7 in space black, Galaxy Note 7 fingerprint scanner & more – Pocketnow Daily
* Google announces several new tools with the educator in mind
* Project Fi update officially brings US Cellular band support

* Hawkins among top prospect performers Monday
* 2016 Draft: Signing and bonus tracker
* Hit in 57 games, win $5.6 million
* Less than 3 days left to cast your All-Star vote
* Melky remains among Top 15 in AL OF voting
* Upcoming games to influence Sox decisions
* Hawkins on MLB Pipeline's Prospect Team of the Week

...............


Main Menu
Home
Illinois
YouTube
Pundit rankings
Obama
Subscriber Content
Durbin
Burris
Blagojevich Trial
Advertising
Updated Posts
Polls

Archives
June 2016
May 2016
April 2016
March 2016
February 2016
January 2016
December 2015
November 2015
October 2015
September 2015
August 2015
July 2015
June 2015
May 2015
April 2015
March 2015
February 2015
January 2015
December 2014
November 2014
October 2014
September 2014
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
April 2013
March 2013
February 2013
January 2013
December 2012
November 2012
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
April 2005
March 2005
February 2005
January 2005
December 2004
November 2004
October 2004

Blog*Spot Archives
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005

Syndication

RSS Feed 2.0
Comments RSS 2.0
WordPress

Loading


* Rauner: Illinois Democrats agree on partial-yea.....
* Rauner: Illinois Democrats agree on partial-yea.....
* Illinois masters recipe for a whole lotta nothi.....


* Beagle-rescue group sues U of I over research-animal data
* Illinois medical marijuana director resigns
* Rauner: Democrats are agreed on partial-year budget plan
* Off-duty Cook County deputy sheriff shoots, injures 2
* Activists push for stricter laws in wake of Hastert case
* $2B in Illinois road projects threatened by stalemate
* Economic woes cause drop in number of Illinois boaters
* Rauner signs ID law making Illinois comply with federal law
* Illinois police sue town, claim body cameras record nonstop
* Study: Rotting trees caused mysterious holes in huge dunes

* Rauner says agreement near on stopgap budget, but not school funding
* Senate Democrats to propose $750M education funding increase
* Rauner says no bailout for Chicago schools as part of budget agreement
* Illinois women hit hard by state budget impasse
* Stalemate threatens $2B in road projects
* Economic woes cause drop in number of boaters
* Chicago school money seen as potential deal-killer
* Chicago school money seen as potential state budget deal-killer
* Survey: Nearly 1 million human service clients affected by budget impasse
* Illinois lawmakers to reconvene Wednesday as budget deadline nears

* Springfield Dems set to try again to help CPS
* Northwest Indiana casinos generated $1.4 billion for local governments
* New group hopes to counter Friends of the Parks after Lucas fiasco
* Lawyers benefit from Brexit, while recruiters hurt
* Brexit billables: Good for lawyers, bad for headhunters


* Man wounded in Portage Park drive-by shooting
* Police: 4 dead, 9 wounded in Chicago shootings Monday
* Man dies after being struck by train in Hobart
* Police: Man killed, woman injured in Englewood drive-by shooting
* Woman wounded in Fuller Park shooting
* Man shot in South Chicago
* Police: Man missing from Portage, in need of medical attention
* Georgia Nicols horoscopes for June 28, 2016
* Dear Abby: Beau won’t stand up to his bigoted mother
* Man wounded in Austin shooting


* 4 dead, 9 injured in shootings on South, West sides
* Cubs' Jake Arrieta maintains his control problems are 'fixable'
* Kris Bryant vows to keep wearing torn pants after record-setting night
* Cubs' Kris Bryant first in MLB history to hit 3 home runs, 2 doubles in game
* It's never too late for Turkish president to say 'sorry'
* Analysis: Brexit is bad news for Africa. Period.
* Oil extends decline as Brexit fallout spurs market volatility
* Joe Maddon on Kris Bryant's record-setting game
* Texas mom killed by police after she shot two daughters to death, police say
* Man fatally struck by train in northwest Indiana


* Kathleen Parker: Brexit, meet Trexit
* Their View: Rauner should sign life insurance bill
* Rauner says agreement near on stopgap budget, but not school funding
* Senate Democrats to propose $750M education funding increase
* Rauner says no bailout for Chicago schools as part of budget agreement
* David M. Gerlach: College students are collateral damage in Illinois politics
* Illinois women hit hard by state budget impasse
* Stalemate threatens $2B in road projects
* Economic woes cause drop in number of boaters
* Chicago school money seen as potential deal-killer


* Uni High's Rajic falls short in Trials
* Rantoul's Williams brothers ready to break out
* 5 area boys' hoops teams' holiday outlook
* PODCAST: Little League - Wampler v IL American Water 06-27-16
* Short-handed council backs more Tasers in Urbana
* PODCAST: Little League - Kuhn's v Campus Sportswear 6-27-16
* UI hoops recruit glance: Jeremiah Tilmon
* Champaign man sentenced to 17 years for strangling woman
* Search for new city manager for Pekin is underway
* Farmland owners sue wind farm company


* The Latest: Stocks, pound rise after days of 'Brexit' losses
* EU lawmakers to press UK for quick exit ahead of summit
* Flooded business also planning victims' funerals
* UK business in limbo in face of years of Brexit uncertainty
* South Korea cuts outlook, plans stimulus package

* House lawmakers overcome hurdle on key tra...
* Rodney Davis talks funding with Bloomingto...
* The agency that fought Illiana gets a new ...
* Rep. Dold takes educational cruise down Ch...
* Lawmakers decry high turnover rate of VA h...
* CBD Oil, and politics
* Simon considering state Senate bid
* Killer Congressman Tom MacArthur trying to...
* Shutdown? State may not notice
* Rep. Bob Dold

* Illinois to get $17 million for HIV assist......

* Mutiny Ahead for Trump Train as Republican......

* “The Driver’s Side” – News From The Motorist’s Perspective
* Maryville Clears Finance Committee, Final Council Vote Could Happen Wednesday
* Uptown PlayStreet Summer Schedule
* If Trump wins, it’s our own fault
* U.S. House GOP leadership rolls out tax reform plan
* Democrat Party Platform Calls For Prosecuting Global Warming Skeptics
* New York limits opioid prescriptions to 7 days
* Thomas More Society: Supreme Court views vital protection as "unnecessary"
* Conservative member of British Parliament celebrates #BREXIT
* Governor, Local Mayors Urge Passage of Stopgap Budget and Education Funding


* Emergency Management Officials, National Weather Service Encourage Winter Preparedness - November is Winter Weather Preparedness Month in Illinois
* Keep Your Family Safe This Winter - November through February are leading months for carbon monoxide related incidents
* Governor Takes Bill Action
* Illinois Department of Labor Director Hugo Chaviano Awards Governor’s Award for Contributions in Health and Safety to the Illinois Refining Division of Marathon Petroleum Company LP
* State Regulator Elected Treasurer of Interstate Medical Licensure Compact




Hosted by MCS -- CapitolFax.com Privacy Policy -- SUBSCRIBE to Capitol Fax -- Advertise Here -- Mobile Version -- Contact Rich Miller