SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
CapitolFax.com
To subscribe to Capitol Fax, click here.
We’ll take whatever we can get

Monday, Feb 3, 2014

* A tad bit of good news

Illinois’s borrowing costs have fallen to the lowest level in six months as investors join Governor Pat Quinn in wagering that a law bolstering the worst-funded state pension system has “stopped the bleeding.”

The extra yield demanded on 10-year Illinois debt relative to AAA munis reached 1.43 percentage points on Jan. 30, the least since July 18, as the state prepares a $1 billion general-obligation bond sale this week, according to data compiled by Bloomberg. The fifth most-populous state already spared taxpayers more than $20 million on an offering in December, less than two weeks after legislators passed a pension bill that saves $145 billion over 30 years. […]

Illinois “is perceived as being on the right trajectory,” said Konstantine “Dino” Mallas, who helps oversee $20 billion of munis at T. Rowe Price Group Inc. in Baltimore. “I wouldn’t say they’re out of the woods, but maybe they’ve stopped digging themselves into a deeper hole.”

* And we’re not even in the top ten?

According to a new report at Business Insider, Illinois is the 16th most corrupt state in the U.S. The ranking system looked at number of people convicted of public corruption, per population.

By this metric, Louisiana is the nation’s most corrupt state, with over nine public convictions per 100,000 residents. The states with the fewest conviction rates were South Carolina, Oregon, Washington, New Hampshire, Minnesota and Utah. Each of these had 1.3 convictions or fewer per 100,000.

…Adding… I think Greg Hinz is really on to something, at least as far as the corporate recruiting world is concerned

The good folks at the Indiana Economic Development Corp. have had lots of fun at Illinois’ expense in the past couple of years, running a ton of ads here and other places about how Indiana is a far better place to locate a business than Illinois.

But now, the boys and girls from the Land of Lincoln think the Hoosiers have given them something to fight back with.

In the Indiana Senate, after clearing the state House earlier in the week, is a bill that would insert a ban on same-sex marriage in the Indiana Constitution. While the measure, at least as now written, would leave the door open to civil unions and would have to be approved by voters, it’s exactly the opposite direction that many states are headed in now, including Illinois, where gay marriage becomes legal on June 1.

Passage of the bill would be “a negative sign to business,” said Doug Whitley, CEO of the Illinois Chamber of Commerce. “That’s a mistake for the Indiana Legislature to take that path.”

Allowing same-sex couples to wed and related matters “are a determinant of where you want to live and work,” he added.

The same point comes from Adam Pollet, director of the Illinois Department of Commerce and Economic Opportunity: “Illinois is open for business. We want all the business here, and all of the people in those businesses,” he told me.

- Posted by Rich Miller        


8 Comments
  1. - Anonymous - Monday, Feb 3, 14 @ 11:34 am:

    See what happens when the Supreme Court Rules on the Pension law.


  2. - Ahoy! - Monday, Feb 3, 14 @ 11:40 am:

    “Come to Indiana, we’re still in the 20th Century.”


  3. - Formerly Known As... - Monday, Feb 3, 14 @ 11:43 am:

    Good news on both fronts.

    The article on borrowing costs, however, neglects to clarify that Illinois’ spread to 10Y MMD is 3 times that of any other state.

    In other words, Illinois’ borrowing costs are 3 times that of any other state.

    While this represents progress, we still have a mighty long way to go.


  4. - From the 'Dale to HP - Monday, Feb 3, 14 @ 11:51 am:

    On the same sort of note… I don’t understand why Illinois doesn’t hammer on and on and on about Indiana’s sub-par infrastructure.


  5. - oz - Monday, Feb 3, 14 @ 11:53 am:

    with regard to bond sales.

    correlation =/= causation

    the global markets and blowing up with the threat of the free money fed qe though being taken away. so there’s a flight to bonds. there’s nothing here to give illiois politicians credit for.

    with regard to corruption.

    yep, if the state is so corrupt that you can’t get a conviction and then use the number of convictions as your metric then you can come in at number 16..

    and as far as illinois business and job creation propaganda goes.

    i challenge everyone to pull up the bls.gov economy at a glance data for illinois.

    take a look at the back data of the labor force under the employment category and you will find that we have less people employed in this state today then we did way back in apr 1997 sixteen years ago.

    yeah, this… after year after year of hearing illinois is creating much needed jobs using these tax break tools for the corporate elite

    sixteen years my friends. where did all the new entrants to the illinois workforce go over the last 16 years. where did all the college grads go over the last 16 years.


  6. - Grandson of Man - Monday, Feb 3, 14 @ 12:10 pm:

    I think there is an information lag between the good news the state has received lately and the public’s perception of the state’s direction. In the gubernatorial race, it’s Quinn’s mammoth job to convince voters that the state is moving in the right direction–provided that it continues to do so.

    “Indiana’s sub-par infrastructure”

    Last week or so, after we had a big snowfall, I heard the mayor of Hammond, Indiana praise our state on the radio, saying that we can afford to clean our roads. He said that Indiana is lacking the tax revenue to adequately do this, and workers have to work seven days a week.

    Yes, we have problems, but I’m grateful I don’t live in a right to work state that has been trying to pass transvaginal ultrasound bills and anti-SSM legislation.


  7. - Anyone Remember - Monday, Feb 3, 14 @ 1:49 pm:

    I’ve asked before, and I’ll ask again - when will the largest corporations (many headquartered in the former Confederacy) start to lose employees over the local bans on gay marriage? How big an issue does this become in corporate recruiting? Corporate relocation? Does this give Allstate (Chicagoland) a leg up over Bank of America (Charlotte, NC), Coca Cola (Atlanta, GA) and ExxonMobil (Dallas, TX)?


  8. - Upon Further Review - Monday, Feb 3, 14 @ 3:43 pm:

    @1:49

    That is ridiculous.


Sorry, comments for this post are now closed.


* Governor asked how he sleeps at night
* Munger hit on two online fronts
* SUBSCRIBERS ONLY - Supplement to today’s edition
* SUBSCRIBERS ONLY - Today's edition of Capitol Fax (use all CAPS in password)
* *** UPDATED x1 - ILGOP slams Quinn *** On this point, I agree with Pat Quinn
* 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

  
* ZTE Warp 7 lands on Boost Mobile with large screen, large battery, low price tag
* The future of mobile video is virtual reality
* Google Contacts 1.5 update adds several new features
* Papa John's Announces Pizza-Ordering App for Apple TV
* Rugged Kyocera DuraForce PRO with unique trio of cameras gets AT&T launch date and price tag
* Instagram Tries to Differ From Snapchat by Curating 'Stories' in Explore Tab
* Pre-IFA Archos lineup also includes rugged 50 Saphir and 4GB RAM 55 Diamond Selfie

* Adams among top prospect performers Monday
* Late HR spoils Saladino's heroics, Shields' start
* Shields ends August in promising fashion
* White Sox try to solve Norris, make up ground
* Late HR spoils Saladino's heroics, Shields' start
* Eaton shakes off HBP; Lawrie remains in limbo
* Hit in 57 games, win $5.6 million

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


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

Archives
August 2016
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 Policy | Illinois' comeback story star.....
* Gov. Rauner Calls On Local Lawmakers To Address.....
* Illinois Governor Bruce Rauner discusses state .....
* Jim Nowlan: Rauner breaking the mold - Champaig.....
* MENDOZA’s new MUNGER MATH ad — RAUNER, QUINN wi.....
* WIU Finances Stable — For Now..
* Rauner vetoes $15 wage for caregivers, expanded.....


* EXCHANGE: Student sees benefits of 'Pokémon Go'
* 3 Illinois cities receive federal grants to help police
* New U of Illinois chancellor will start work a little early
* Marion airport terminal, behind schedule, to open this fall
* Cockatoo named 'Cookie', 1 of oldest such birds, dies at 83
* Illinois bike race marred by crashes when riders hit tacks
* Man arrested in triple-slaying in northwestern Indiana home
* University of Wisconsin-Madison is top party school in US
* The Latest: Autopsies show 3 died of multiple stab wounds
* Groups ask Clinton, Trump to support Great Lakes restoration

* New law: No pensions for new county board members
* Rauner vetoes bill raising caregivers' minimum wage
* FBI warns of possible state election-system hacks; Illinois reported breach in July
* Thirty-year-old SNAP overpayments still being collected
* Despite budget warnings from Rauner, TRS board votes to lower investment estimates
* Progress on U.S. 67 sputters due to lack of funds
* New law makes insurance companies find, pay beneficiaries
* Decatur woman can petition to become nurse under new law
* Illinois redistricting referendum won't appear on ballot
* Comptroller hopefuls argue independence from Madigan, Rauner

* Why Mondelez gave up on acquiring Hershey
* United's Munoz picks American Airlines president for co-pilot
* United names American Airlines exec as president
* Mondelez drops bid for Hershey
* Abbott's deal headaches go beyond bad luck


* Ryan Lochte among the new cast of ‘Dancing with the Stars’
* Metra construction to slow down BNSF trains through mid-September
* Metra train struck by lightning on North Side
* Obama guidance, press schedule Aug. 30, 2016. HHS Sec. Burwell
* Man charged with fatal South Loop shooting
* Knife-wielding robbers strike 6 times in 2 hours on North Side
* Man tried to lure 8-year-old boy into minivan in Irving Park
* 2 dead, 12 wounded in shootings Monday on South, West sides
* Man shot in East Garfield Park
* Fitbit makes exercise even more of a game


* 11 shot in Chicago Monday, including boys 15 and 16
* Ryan Lochte and the rest of the 'Dancing With the Stars' cast revealed
* Chicago Teachers Union plans another vote on authorizing strike
* Anthony Weiner sexting casts doubt on his own judgment - not on Clinton's
* On the street where you live - do you fear gun violence?
* Kim has officials killed by anti-aircraft gun, paper says
* Actor Gene Wilder, star of Mel Brooks movies and 'Willy Wonka,' dies at 83
* John Lennon's killer denied parole for 9th time
* Harvey school board member charged with sexual assault
* Longer than a football field, Ken Griffin's beach home praised for its modesty


The widget AQL4JYGHIY powered by Feed Informer does not exist.


* New law: No pensions for new county board members
* Kathleen Parker: The GOP's Trumpian deflation
* Their View: Shameful abandonment of Iraqi, Afghan allies
* Rauner vetoes bill raising caregivers' minimum wage
* FBI warns of possible state election-system hacks; Illinois reported breach in July
* Thirty-year-old SNAP overpayments still being collected
* Heather Eagleton: Ending 'step therapy' puts patients first
* Angie Muhs: The ups and downs of online comments
* Bernard Schoenburg: Davis, GOP quick to attack independent Gill
* Statehouse Insider: Do we hafta put all of that money into pensions?


* Podcast: State Representative Carol Ammons 8/30/16
* Keys outlasts fellow American Riske in late night at U.S. Open
* Badges for Life today, Wednesday
* Will Batman take on Deathstroke?
* Carbondale seeks election nominations for City Council seats
* Heat's on, school's off: Central has decision down to a science
* Foot Locker shooting for wider appeal
* Next e-recycling event trying to avoid long waits
* This day in history, Aug. 30, 2016
* Jim Dey: Criticism from all corners


* Images: After Hours, Sept. 5, 2016
* Lochte mum on Rio return, plugs 'Dancing with the Stars' gig
* US home prices rise in June at slowest pace in 10 months
* Westwood, Kaymer, Pieters get captain's picks for Ryder Cup
* Uganda grants 8 oil production licenses to Total, Tullow

* 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

* 3 Illinois cities receive federal grants t......
* Three Illinois cities, including Decatur, ......
* Three Illinois cities, including Decatur, ......

* Duckworth goes on the attack over free tra......
* Duckworth goes on the attack over free tra......

* Schakowsky challenger gains Speaker Paul Ryan's endorsement
* Illinois online voter registration hack becomes national news
* Former City Official Given 10 Year Sentence In Red Light Camera Bribery Scheme
* “The Driver’s Side” – News From The Motorist’s Perspective
* When it comes to law enforcement, some things change while others do not
* Stephen Hawking. Does money matter?
* An ode to Sam’s.
* Cartoon of the Day - 8/29/16 Trump Chicago shooting
* Cartoon Of The Day
* Cartoon of the Day - 8/26/16 Trump bigotry


* Statement on Redistricting Referendum
* Rauner Administration Takes Action to Help Illinoisans Find Lost Life Insurance Money
* Illinois Residents Encouraged to Register for ‘The Great ShakeOut’ Earthquake Drill - 'Drop, Cover and Hold On’ Drill Set for October 20
* Governor Takes Bill Action
* Illinois Seeking Flexibility to Improve Delivery of Behavioral Health Care




      Hosted by MCS SUBSCRIBE to Capitol Fax Advertise Here Mobile Version Contact Rich Miller