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.


* Today's quotable
* "The State’s infrastructure for providing human services is, without exaggeration, in severe jeopardy"
* Caption contest!
* George Ryan attorney claims appellate judge told "whoppers"
* Lawyers claim Cullerton's pension idea is unconstitutional
* Question of the day
* Olsen frontrunner to replace Sandack
* Rauner signs surveillance reform bill
* CFL video compares Trump to Rauner
* Unclear on the "unity" concept... so far
* A weird dude, that one
* Rauner's taking his time on decrim bill, but will likely sign it
* *** LIVE COVERAGE *** Rauner talks about redistricting
* The "communications platform" stirs controversy
* The tables have turned
* Wikileaks docs show how Dem donor tried (and failed) to get back into the game
* SUBSCRIBERS ONLY - Sandack replacement?
* *** UPDATED x1 *** Madigan reveals he's talked to Durbin about running for governor
* *** LIVE COVERAGE *** Democratic National Convention
* *** UPDATED x2 - Durkin statement *** Sandack resigns
* 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

  
* NIST declares the age of SMS-based 2-factor authentication over
* Sailfish OS powers Intex Aqua Fish budget phone in India
* Google Maps Wi-Fi mode, transit delay notifications launched
* Google Store Back to School sale hitting Chromebooks, Huawei Watch, Nexus 6P
* PlayStation Vue ready for the NFL with new local, national channels
* Cyanogen claims no “pivot” to apps, more information to follow
* Pokémon Go estimated at over 75M downloads worldwide

* White Sox recall Ranaudo for Wednesday start
* Melky robs Bryant of HR with riveting catch
* Reaching the Apex - A Chicago Cubs preview
* Maybe Chris Sale and the White Sox are made for each other
* White Sox Minor League Update: July 24-30
* Podcast: Back to the drawing board
* Quintana's gem couldn't come at better time

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


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

Archives
July 2016
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


* Illinois Governor RenewsCcall for Term Limits -.....
* Legislature unlikely to take up Rauner's call f.....
* Madigan on Durbin bid for governor: 'We talked .....
* Editorial: A chance to get sex offender laws right..
* Rauner-created business development group gets .....
* Judge sets August date for arguments in provide.....
* Date set for suit over unpaid state bills..
* Madigan calls Rauner and Trump “extreme”..
* Next governor of Illinois hot topic at DNC - WG.....


* Former Chicago high school basketball standout gunned down
* Former high school basketball standout gunned down
* Hastert wants victim's suit over unpaid hush money tossed
* Rauner-created business development group gets new name
* Judge sets August date for arguments in provider lawsuit
* High-profile GOP Illinois lawmaker Sandack suddenly resigns
* Body found after fiery Chicago highway crash
* Illinois governor renews call for term limits
* Illinois governor renews call for term limits
* 2 efforts in Illinois attempt to change sex offender laws

* High-profile Republican state lawmaker abruptly resigns
* High-profile GOP Illinois lawmaker Sandack suddenly resigns
* 2 efforts in Illinois attempt to change sex offender laws
* Rauner renews call for term limits
* Rauner-created business development group gets new name
* State costs for amendment notices likely to top $2 million
* Rauner OKs regulating police use of cell-site simulators
* Illinois Supreme Court to consider remap ballot measure
* Rauner vetoes construction-wage, homecare-worker pay increases
* Rauner apologizes, Chicago teachers protest over 2011 email questioning their competency

* Illinois GOP's election strategy? Madigan, Madigan, Madigan
* Michael Jordan gives $2 million to build trust between blacks, cops
* George Ryan lawyer slams federal appeals judge
* Yacht sinks during stormy sailing in Mackinac race
* 30,850 new pilots needed a year as travel soars, says Boeing


* Man shot in Riverdale
* I-88 shut down after crash in North Aurora
* White Sox lead Cubs 1-0 in fifth inning
* Lawyers for man in IPRA ruling to city: Settle or expect lawsuit
* Gutierrez calls Trump deportation plan ‘sick and hateful fantasy’
* By any measure of WAR, Raines a Hall of Famer
* Conventional wisdom: What to watch for Tuesday
* No bail for man charged in fatal Gold Coast shooting
* Editorial: A chance to get sex offender laws right
* Union: Screening changes make O’Hare vulnerable to insider threat


* 'Harry Potter and the Cursed Child' is simply magical in London
* Democratic National Convention live updates: Speakers who once backed Bernie Sanders booed
* Trading for Aroldis Chapman shows us what the Cubs stand for
* Sand fire live updates: More than 33,000 acres burned in Santa Clarita Valley mountains
* Rauner ally chalks up abrupt resignation as politics getting 'too ugly'
* Clinton, Trump spar over Russia's role in hack as FBI investigates
* Former North Lawndale basketball standout slain not far from high school
* Dems turn to stars to turn convention positive after rocky start
* 6-year-old girl shot last week returns home to neighborhood celebration
* Partial building collapse seriously injures 2 women


* Kathleen Parker: The fury of Herr Trumpf
* High-profile Republican state lawmaker abruptly resigns
* High-profile GOP Illinois lawmaker Sandack suddenly resigns
* 2 efforts in Illinois attempt to change sex offender laws
* Rauner renews call for term limits
* Rauner-created business development group gets new name
* Pam Molitoris: Hunger doesn't take a summer vacation
* State costs for amendment notices likely to top $2 million
* Statehouse Insider: Rauner, AFSCME conduct PR war while labor talks at standstill
* Bernard Schoenburg: Buscher moves from independent to GOP, Trump


* Council to review vote that resumes funding for East Bluff group
* Videos offer powerful view of heroin epidemic
* Vandalism at St. Mary's shouldn't affect start of school
* PODCAST: News Gazette Sports Page 07-25-16
* Iowa Sanders supporters not feeling party unity
* Two efforts in Illinois attempt to change sex offender laws
* Clinton will visit Iowa 'soon'
* A 'Romance' for historic simulation lovers, but a bad date for others
* From the blog: high school football on DWS
* Road Closure: Cave-in closes State St.; sewer work on Center St.


* Chapman big positive with a negative for Chicago Cubs
* 5 things to look for with Bears defense at camp
* Buffalo Grove teen seriously injured in McHenry County crash
* Lombard man pleads guilty to Schaumburg burglaries
* At least 19 killed, about 20 injured in knifing near Tokyo

* 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

* Madigan on Durbin bid for governor: 'We ta......
* Sen. Dick Durbin Talks Day 1 Of DNC - FOX ......

* Letter: Kirk must break from GOP on climat......
* Laura Washington: Kirk woos Latinos in rac......

* Five Public Hearings Scheduled On Chicago Police Reform (UPDATED)
* Trump Sees Bump In The Polls After Republican Convention
* Cartoon of the Day - 7/25/16 Illinois deficit pig
* Rauner Urges Legislative Action On Term Limits Amendment
* Rauner apologizes for saying half of Chicago teachers are "virtually illiterate"
* Judge orders state to reconsider medical pot use for migraine headaches
* Senate candidates join Rauner in call for term limit vote in veto session
* Chicago Protest Outside Homan Square Police Facility Continues Into 4th Day
* Rauner Vetoes Multiple Labor-Focused Bills
* Trump credits evangelicals as a "big reason" he became the 2016 GOP nominee


* Serve Illinois Commission Announces $15.6 Million for AmeriCorps Programs - 32 grantees will place almost 1,600 AmeriCorps volunteers in communities
* Rauner Calls on General Assembly to Vote on Constitutional Amendment for Term Limits in Fall Veto Session
* IDNR Announces 2016–17 Waterfowl Season Dates
* Discount Admission Tickets Available For Purchase At Area Retailers - Fair to extend purchasing hours at Emmerson Building
* Governor Announces Appointments




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