SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
CapitolFax.com
To subscribe to Capitol Fax, click here.
Today’s number: 9 percent

Thursday, Aug 28, 2014

* William Lazonick in the Harvard Business Review

Five years after the official end of the Great Recession, corporate profits are high, and the stock market is booming. Yet most Americans are not sharing in the recovery. While the top 0.1% of income recipients—which include most of the highest-ranking corporate executives—reap almost all the income gains, good jobs keep disappearing, and new employment opportunities tend to be insecure and underpaid. Corporate profitability is not translating into widespread economic prosperity.

The allocation of corporate profits to stock buybacks deserves much of the blame. Consider the 449 companies in the S&P 500 index that were publicly listed from 2003 through 2012. During that period those companies used 54% of their earnings—a total of $2.4 trillion—to buy back their own stock, almost all through purchases on the open market. Dividends absorbed an additional 37% of their earnings. That left very little for investments in productive capabilities or higher incomes for employees.

“Very little” would be 9 percent.

- Posted by Rich Miller        


44 Comments
  1. - Anon - Thursday, Aug 28, 14 @ 8:49 am:

    The economics described in the article is what helped make Rauner such a rich man. That’s why he and other GOP bigwigs like the status quo of historically low taxes and high profits, with the 0.1% (or is it the 0.01%) reap most of the benefits.


  2. - Bill White - Thursday, Aug 28, 14 @ 9:02 am:

    It’s like the end of a game of Monopoly - one player has all the money, all the good properties, all the hotels and the other 4 or 5 players are bankrupt. Game over.

    All metaphors and analogies are incomplete and inexact, however, I believe this one offers genuine insight into why our economy is struggling.

    Except for the 0.1% - no one has any money to spend. And the 0.1% aren’t spending.


  3. - Apocalypse Now - Thursday, Aug 28, 14 @ 9:04 am:

    I am very pleased with the returns in the stock market over the last five years. Anyone with a retirement plan should be thankful and happy. Those state retirement plan unfunded liabilities have gotten a lot better over the last five years.
    Overall, millions of people have been helped by this five year boom in the stock market. Only benefiting the 1%. Baloney!


  4. - Left Leaner - Thursday, Aug 28, 14 @ 9:05 am:

    Figuring that that ol’ trickle down economic “theory” will kick in in 3…2…1…


  5. - Apocalypse Now - Thursday, Aug 28, 14 @ 9:06 am:

    Ask those millions of people getting dividends and increases in dividends, if they are happy. I would expect, so.


  6. - Grandson of Man - Thursday, Aug 28, 14 @ 9:06 am:

    That’s why all this crying by those supporting corporate inversions is just wrong. Though the U.S. corporate tax rate is among the highest in the world, it’s still historically low. It used to be higher, as far as the marginal rate. The same goes for other federal income taxes.


  7. - Cook County Commoner - Thursday, Aug 28, 14 @ 9:07 am:

    “Yet most Americans are not sharing in the recovery.”

    Could it be that “most Americans” may be doing something wrong? Nah. Let’s blame the corporations for the whole mess. That’s so much easier and satisfying than honestly looking at the bad decisions one has made in his or her lifetime.


  8. - Anon - Thursday, Aug 28, 14 @ 9:14 am:

    Between this trend, student loan debt and a lack of retirement savings for seniors, our nation is headed for a very rough patch over the next 10-20 years.


  9. - VanillaMan - Thursday, Aug 28, 14 @ 9:20 am:

    Only 3% of Americans polled agree with the statement that our economy has returned to where it was in 2007.

    I wish we had a president to address these economic problems!


  10. - ChrisB - Thursday, Aug 28, 14 @ 9:23 am:

    Tl;dr version: managers used basic corporate finance to boost their stock prices, because of their short term incentives.

    Stock buybacks are a good thing if you’re an investor. Much better than dividends. They are giving money back to investors at a lower tax rate. It’s also signalling to the market that you expect good cash flows.

    Plus, if I’m an investor, I should hope that the managers are calculating the NPV of these projects to see if they are truly good ideas, and not just blindly throwing money away.

    Why does the HBR think that these is a radical new concepts? Even without the full version, it’s easy to see this guy doesn’t know what he’s talking about. Read the comments for better insight.


  11. - Rich Miller - Thursday, Aug 28, 14 @ 9:24 am:

    ===Ask those millions of people getting dividends and increases in dividends, if they are happy.===

    “As of 2010, the richest 5% of U.S. households owned about two-thirds of all outstanding stock”

    http://www.salon.com/2013/09/19/stock_ownership_who_benefits_partner/


  12. - Rich Miller - Thursday, Aug 28, 14 @ 9:26 am:

    ===Why does the HBR think that these is a radical new concepts?===

    Because it was a radical concept before strict buyback limits were tossed out.


  13. - Phenomynous - Thursday, Aug 28, 14 @ 9:29 am:

    “As of 2010, the richest 5% of U.S. households owned about two-thirds of all outstanding stock”

    The fed stimulus and bailout really worked then didn’t it? The current presidents “Mission Accomplished” moment.


  14. - Madison - Thursday, Aug 28, 14 @ 9:38 am:

    Stock buybacks dress up balance sheets.
    When 70% of GDP is service related, to grow the new economy we have to spur growth through consumption and spending retained earnings and distributing dividends. the consumer is tapped, little borrowingbis happenning.

    Bond markets fortell economic prospects, and yields are falling. to the economy to share we need to increase the velocity of money, which includes but not limited to:
    Taxing retained earnings rather than profits, which forces corporations to raise spending, (hiring) returning money tomshareholders, (dividends) and increasie immigration.

    Yes, its not popular, but they could stem the flow across the border if they chose to, but they choose otherwise, and will tell you they have no solution. Immigrants need cars and homes and food and they will increase consumption without political costs.


  15. - MrJM - Thursday, Aug 28, 14 @ 9:43 am:

    “Could it be that ‘most Americans’ may be doing something wrong? Nah. Let’s blame the corporations for the whole mess. That’s so much easier and satisfying than honestly looking at the bad decisions one has made in his or her lifetime.”

    Are you seriously suggesting that 99.9% of Americans are “doing something wrong”?

    – MrJM


  16. - Grandson of Man - Thursday, Aug 28, 14 @ 9:55 am:

    “I wish we had a president to address these economic problems!”

    We do, but he’s being obstructed and denied by Republicans at perhaps an unprecedented or historically significant level.

    Obama’s now resorting to executive orders because Congress is gummed up by obstructionists and House Republicans.

    I wish Republicans in the national legislature would not be hell-bent on blocking this president and would get to work on passing popular legislation, such as a minimum wage increase and a jobs act that would go toward rebuilding infrastructure and education.

    Congressional approval rating is abysmally low, much lower than Obama’s approval rating, and it fits the type of national legislature we currently have.


  17. - Steve - Thursday, Aug 28, 14 @ 9:55 am:

    Rich, thanks for this excellent post. These are facts. The numbers suggest this stock market rally has been pushed by hot air.


  18. - Sir Reel - Thursday, Aug 28, 14 @ 9:57 am:

    Buybacks, stashing profits in the bank or overseas, inversions, the list goes on and on .

    America’s economy used to be driven by manufacturing which was driven by engineers and entrepreneurs. Today, financial schemes, manipulation and influence of the tax code, and blaming someone else is our economy.

    No wonder.


  19. - Nearly Normal - Thursday, Aug 28, 14 @ 10:04 am:

    “Greed is good.”

    Gordon Gekko


  20. - Anon - Thursday, Aug 28, 14 @ 10:06 am:

    == Could it be that most Americans are oding somehting wrong? ==

    Conservatives like the blame the poor for being poor. It’s all their bad decisions, therefore no reforms in the economy are needed.

    You can’t blame Americans for the structural changes in the economy that mean a shrinking proportion of jobs with good benefits and salaries. There is a significant portion of the working poor who have some college.


  21. - Bill White - Thursday, Aug 28, 14 @ 10:07 am:

    === The numbers suggest this stock market rally has been pushed by hot air. ===

    I disagree with this. I believe the stock market is being pushed by wage suppression.

    Productivity is up while wages remain stagnant. Those gains are real not illusionary.

    However those gains will not be sustainable into the future unless the purchasing power of the 99.9% is increased.

    = = =

    Perhaps curiously, this might all boil down to whether you believe or disbelieve Say’s Law.


  22. - Steve - Thursday, Aug 28, 14 @ 10:09 am:

    When the tax code got changed which “encouraged” stock options instead of actual compensation for corporate write-offs for payroll: stock options won. Anyway, just a reminder: most companies in America aren’t in the S&P 500. The average CEO in America makes $177,000 a year.


  23. - Anonymous - Thursday, Aug 28, 14 @ 10:12 am:

    “bad decisions one has made in their life”

    You mean like continuing to buy groceries at Jewel at the increasing prices that eat away at income versus growing and harvesting wheat and baking bread or raising cattle in our backyard to slaughter to save money? Get real. Only an ostrich with head buried in the sand( or a .1% er) would think 99.9% of Americans are at fault for every economic problem they have. It is pure and simple greed by those who have and want more. The increasingly shuttered storefronts in my suburban middle class city tell me folks don’t have money to support these businesses….the ones they used to frequent. Most 99.9%-ers have made big adjustments in their lifestyles and not for the better. What recovery? The trickle down is not trickling.


  24. - 47th Ward - Thursday, Aug 28, 14 @ 10:25 am:

    Well, let’s not forget that 9% of $2.4 trillion is still about $200 billion, which is a heck of a lot of money. Why, that’s almost $700 each for the other 300 million Americans.

    $700 each, over a decade. Hard to see why anyone is complaining. A simple “thank you” shouldn’t be too much to ask for. A bunch of ingrates if you ask me.


  25. - Ghost - Thursday, Aug 28, 14 @ 10:27 am:

    This is where you get the ever expanding split between the wealthy complaining that government is just socialists after their money, and the populace whose wealth is being moved by modern day robber barons into fewer and fewer hands.

    if the companies had expanded provisions for health benefits, increased salaries and left theri defined benefitplans alone instead of converting them to bonuses, people may not be pushing for government programs to fill the void.

    We are slowly following the history of Rome that helped lead to its collapse…concerntrating more and more of the worlds wealth in the hands of a few.

    perhaps it is better to have only 7 houses and pay good wages and provide quality health care…….


  26. - mcb - Thursday, Aug 28, 14 @ 10:28 am:

    There’s plenty of blame for all of this everywhere. The shuttered storefronts are probably more due to customers heading to Wal-Mart and the other box stores to “save money”. The idea among consumers that we deserve to pay less for things has continued to push our manufacturers out of the country. If you’re a business and your competitors are producing cheaper products overseas, you either follow suit or go under, because customers will choose cheap and foreign far more often.

    At the same time, I think the stockholders are as much to blame for shareholder value theory issues as CEO’s. The CEO takes orders from those who own stock, and they want to see stock prices higher. If they don’t get what they want then it’s time for a new CEO. So the CEO’s are often taking the only option that benefits them, drive up share prices. Because they can either be rich with a happy board, or poor.
    Everyone from consumers, to shareholders, to politicians needs to realize that there’s often a difference between long term good and short term gains.


  27. - phocion - Thursday, Aug 28, 14 @ 10:33 am:

    Sometimes I tack right, sometimes left, mostly try to stay centered. But this article hit me kinda hard. It’s difficult to defend our current system based on this information. Income disparities are proven to rend the social fabric. I don’t want the government in the redistribution business, but the private sector had better recognize how short-sided their greed is.


  28. - Federalist - Thursday, Aug 28, 14 @ 10:42 am:

    “Yes, its not popular, but they could stem the flow across the border if they chose to, but they choose otherwise, and will tell you they have no solution. Immigrants need cars and homes and food and they will increase consumption without political costs.”

    Not really. Far too many have little money and any jobs they get here will be low paying. Not a legitimate way to increase the economy when so many citizens in this country are unemployed or underemployed.

    The real reason we have massive legal and illegal immigration is that Democrats rightfully see at least 70% voting for them in future elections (and this has been going on now for several decades so that those future elections are actually now) and the Republican backed business interest types want a never ending supply of cheap labor.


  29. - Anonymous - Thursday, Aug 28, 14 @ 10:56 am:

    Income disparities are now rending social fabric. It sounds alarmist but there seems to be increasing low level anger rather than apathy and a feeling of helplessness. Too many people who are educated and have held good jobs only to have lost them are angry and resentful when there are no opportunities to get their standard of living back, or even close. We are becoming very polarized in so many ways in America and I can’t believe that’s a good thing.


  30. - Sue - Thursday, Aug 28, 14 @ 11:03 am:

    Rich- your assertion that the top 5 % own the vast majority of stocks ignores the well known fact that pension programs (including public plans) own the vast majority of equities issued in the USA. CALPERS/CALSTERS and their fellow funds own more equities then all individuals in the market - Public Plans if well managed are reaping the benefits of the recent stock surge- as a result so are the taxpayers who are on the hook for the unfunded liabilities


  31. - Formerly Known As... - Thursday, Aug 28, 14 @ 11:06 am:

    == “Very little” would be 9 percent. ==

    And you should be grateful for that, peons. /s


  32. - thechampaignlife - Thursday, Aug 28, 14 @ 11:16 am:

    ===That left very little for investments in productive capabilities or higher incomes for employees.===

    If they had made those investments, wouldn’t that have already been reflected in the profits (increased expense, lower profit)? If only 9% is left over for such investments, theoretically that could just mean than those investments have already been made and that is why profits were $50M this year instead of $70M, for example.

    I’m guessing if I read the study it would explain that the figure they are using for profits is before such investment costs are factored in, although that seems and odd way to do accounting.


  33. - CircularFiringSquad - Thursday, Aug 28, 14 @ 11:19 am:

    “am very pleased with the returns in the stock market over the last five years. Anyone with a retirement plan should be thankful and happy. Those state retirement plan unfunded liabilities have gotten a lot better over the last five years.”
    Huh? Did you miss the 4+ years of lost growth due to the predatory lenders and the 2+ years of lost growth due to Silicone Valley hustlers Wake Up


  34. - A guy... - Thursday, Aug 28, 14 @ 11:25 am:

    The only people this will make an ounce of sense to are the people in this stratosphere. For everyone else the theme is “Rich people catch all the breaks”. That’s already out there. Not sure how well it’s doing with the targeted undecideds.


  35. - Cheswick - Thursday, Aug 28, 14 @ 11:48 am:

    When a select few have all the money, the money will become worthless.


  36. - A guy... - Thursday, Aug 28, 14 @ 11:59 am:

    Ches, according to some, we’re already at that moment and money has never been more precious. Hmmm.


  37. - anon, - Thursday, Aug 28, 14 @ 12:31 pm:

    These businesses are financing growth with borrowing at the current very low interest rates. The cost of capital through debt is far lower than equity. This is a win - win - win.


  38. - CapnCrunch - Thursday, Aug 28, 14 @ 1:39 pm:

    “I am very pleased with the returns in the stock market over the last five years. Anyone with a retirement plan should be thankful and happy. Those state retirement plan unfunded liabilities have gotten a lot better over the last five years.”…..

    Good point. Retirees in one of the state’s plans have done well. Over the last 6 years they have enjoyed a 19% increase in their pension income while the cost of living( CPI ) has increased only about 11%.


  39. - Bill White - Thursday, Aug 28, 14 @ 1:44 pm:

    == When a select few have all the money, the money will become worthless. ==

    Germany recently sold two year bonds with a negative yield - give us 1000 EU today and we will give you 999 EU back in two years. Folks are paying Germany a fee to hold their cash.

    Nope there isn’t any excess cash sloshing around in the global market. Not a dime. ;-)

    http://www.bloomberg.com/news/2014-08-07/germany-s-bond-advance-sends-2-year-note-yield-below-zero.html


  40. - Left Leaner - Thursday, Aug 28, 14 @ 1:45 pm:

    ==but the private sector had better recognize how short-sided their greed is==

    They won’t. And here lies one of the key problems.

    Our crumbling infrastructure acts as a good example. CEOs and many 0.1%ers need good roads, railways, waterways and communication systems to actually run their businesses. Many are the same people screaming for lower taxes, doing inversions and creating tax loopholes. Concurrently, they lament that our infrastructure is in bad shape without seemingly realizing that the very taxes they try to escape pay for the infrastructure they demand. CEOs and shareholders squeal with high profits without recognizing their cutting off their own legs.

    Remember the brew-ha-ha over Obama’s “you didn’t built this” comment, where he was referring directly to those roads, rail and waterways? Case.In.Point.


  41. - Federalist - Thursday, Aug 28, 14 @ 2:42 pm:

    Left Leaner,

    But are businesses demand lower taxes for infrastructure? Or just demanding lower taxes for other areas of the government budgets?

    Not certain about that, and I am sure one can find single examples off almost anything.

    Can you can provide a number of crediblespecific examples of such businesses saying cut my taxes to be used for infrastructure?


  42. - redleg - Thursday, Aug 28, 14 @ 4:10 pm:

    Anybody who has followed the creation of the Federal Reserve and the boom/bust periods it has created shouldn’t be surprised.

    It’s fiat people. Stay tuned people because the bottom hasn’t been reached yet.


  43. - Madison - Thursday, Aug 28, 14 @ 6:18 pm:

    Red leg the good standard created enormous depressions in the 19th century, and the silver standard did not help later. When your economy is linked to the price of a commodity (precious metals) and the value of that commodity declines, so does your economy. Even today there are some gold bugs around, but not any solvent ones.


  44. - Anonymous - Thursday, Aug 28, 14 @ 9:04 pm:

    9% ten years wow you could double your cash in a little over a 100 years


Sorry, comments for this post are now closed.


* Where the social service money goes may surprise you
* It's just a bill
* Audit: IL Lottery violated State Finance Act
* Question of the day
* Butler implies that both Rauner and AFSCME not being "truthful"
* Budget impasse apparently taking toll on higher ed enrollment
* Today's number: 50 percent
* Fantasy Sports: Game of Skill
* *** LIVE *** Session Coverage
* Poll finds huge support for gun dealer licensing
* It's all one thing
* Bourne signs on to Manar plan
* Supremes to Blagojevich: Nope
* A picture is worth a thousand words
* Today's quotable
* HDems looking at another school funding avenue
* Two speeches, two messages
* Fantasy Sports Is Internet Gaming
* More crazy talk in Springfield
* SUBSCRIBERS ONLY - Supplement to today's edition
* Rauner: "No way Hillary Clinton is getting elected"
* Standoff over stopgap
* SUBSCRIBERS ONLY - Today's edition of Capitol Fax (use all CAPS in password)
* *** UPDATED x1 *** State GOP delegates soundly reject gay marriage platform change
* 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

  
* iOS 9.3.3 jailbroken in record time and you can have it in 10 years
* Sony Xperia XA Ultra in UK for pre-orders via third parties
* Non-profit RideAustin looks to fill void left by Uber and Lyft
* iPhone 7 four-speaker design, Best Buy Galaxy S7 deals & more — Pocketnow Daily
* Google and Oracle present closing arguments in battle over Java
* Will.i.am's 'i.am+ EPs' Wireless Earphones Debut Exclusively at Apple Stores
* iPhone 7 speakers number four, iPad Pro called out in this case leak

* Ventura pleased starters worked deep in DH
* Nobody's more impactful than combo of Sale-Quintana
* Johnson allows 3 HRs as Sox drop nightcap
* Dominant Sale eyes 10th win as White Sox face Tribe
* White Sox hang on, edge Tribe in opener
* White Sox hang on, edge Tribe in opener
* Could Sale be Cy Young, MVP worthy?

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


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

Archives
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


* Miller: More crazy talk in Sprinfield - The Her.....
* Amid budget deficit, Illinois considers taxing .....
* Dick Durbin Responds to Speculation He’ll Run f.....
* Madigan still trying to wait Rauner out - SaukV.....
* Governor must put aside his personal agenda - S.....
* Illinois Doctors Hold Out on Weed Prescriptions.....
* Exelon Q-C station to join rally today in Sprin.....
* Our View: Deja vu … Gambling expansion again on.....
* At finals time, everyone has to work to get bud.....
* Gov. Rauner calls for budget compromise by May .....


* Lawyers contribute to congressional campaign of judge's son
* Updating Illinois IDs won't cost require more state money
* Northern Illinois man accused of possessing pipe bombs
* State election board questions automatic voter registration
* High court rejects request to reconsider Blagojevich case
* Prosecutors: Peterson offered $10,000 for prosecutor's death
* Inmate: Drew Peterson admitted to killing missing wife
* 3 men from Illinois killed, 1 injured in Kankakee crash
* Budget stalemate erodes interest in some Illinois colleges
* Rauner: Still time to achieve 'grand compromise'

* Republicans doubtful Illinois State Fairgrounds foundation bill will pass
* GOP leaders: No tax hike with no reforms
* State election board questions automatic voter registration
* Feeding sites to still serve needy children in Springfield
* U.S. Supreme Court rejects request to reconsider Blagojevich case
* Rauner says there's still time for 'grand compromise'
* Updating photo IDs won’t require extra state spending
* Budget stalemate erodes interest in some Illinois colleges
* Illinois Republican Party takes stance on marriage
* As state searches for revenue, is gambling expansion back in mix?

* Polsky gives $35 million to expand University of Chicago entrepreneurship center
* Tribune investor seeks to revive print with 'machine vision'
* Three Chicago law firms beat average, grow revenue
* Here's what CEOs think of candidates' health care ideas
* Bayer and Monsanto could combine plant, pet, people products


* Man shot in South Shore
* Grichuk homer in 9th sends Cubs to third straight loss
* Family asks for FBI investigation of 2013 CPD shooting
* Dear Abby: ‘Nervy’ fundraising by dying co-worker
* Georgia Nicols horoscopes for May 24, 2016
* Nonverbal, disabled man missing from Chatham
* New $35M donation expands Polsky Center at U of C
* Girl, 15, missing from Auburn Gresham
* White Sox notes: Lawrie, Frazier, Latos, Johnson
* Principals seek parents’ help to lobby legislators for schools


* Cubs' flaws show again in loss to Cardinals as skid reaches three
* White Sox back where they started after splitting doubleheader with Indians
* Fed's view on interest rates is faulty - and scary
* U. of C. gets $35 million from Invenergy founder Michael Polsky
* Head of TSA security operations removed from position amid long wait times
* Oracle sued Google over a hamburger, Java trial jury told
* Monday's recap: Cardinals 4, Cubs 3
* Lake Geneva mom rented van in Lake Bluff before disappearing with 3 sons: Cops
* New Navy Pier ferris wheel nears completion
* Video: Moments surrounding Chicago police shooting of Michael Westley, 15


* Republicans doubtful Illinois State Fairgrounds foundation bill will pass
* Kathleen Parker: Election disaffection
* GOP leaders: No tax hike with no reforms
* State election board questions automatic voter registration
* Feeding sites to still serve needy children in Springfield
* U.S. Supreme Court rejects request to reconsider Blagojevich case
* Rauner says there's still time for 'grand compromise'
* Janet S. Stover: New OT regs could hit social service providers hard
* Updating photo IDs won’t require extra state spending
* Budget stalemate erodes interest in some Illinois colleges


* Centennial, Rantoul baseball fall in regular season
* Rantoul, M-S softball win in regional action
* Clinton, Prairie Central, Danville baseball advance
* Students give input on future high schools
* Illini basketball to host N.C. State in Challenge
* PODCAST: News Gazette Sports Page 05-23-16
* Airplane Crash Drill
* PODCAST: Little League - First Federal v Bacon & Van Buskirk 05-23-16
* Softball: Six teams vying to advance Tuesday
* Satisfaction not yet guaranteed for Chargers soccer


* Boys volleyball: Monday, May 23 scoreboard
* Softball: Monday, May 23 scoreboard
* Baseball: Monday, May 23 scoreboard
* Chicago White Sox split doubleheader with Cleveland
* Chicago Cubs lose on Grichuk home run

* 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

* Dick Durbin Responds to Speculation He'll ......

* Letter: Kirk's leadership encourages suppo......
* Kirk: VA wait times 'nothing compared to a......

* Disposing of a loved one’s life
* Emanuel likely to have to ‘take the stand’ in lawsuit filed by pair of Chgo cops
* Emanuel likely to have to ‘take the stand’ in lawsuit filed by pair of cops
* Roseland Theater and the future of the neighborhood
* Making work more complicated and costl
* Making work more complicated and costly
* Gridlock
* Emanuel Unveils Proposal For Tackling Laborers Pension Fund
* Study: Chicago City Council Less Of A 'Rubber Stamp' For Emanuel
* Thousands Of Anti-Violence Protesters Rally In Chicago


* 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