Morning shorts
Friday, Mar 7, 2008 - Posted by Kevin Fanning * ComEd, shocked by high interest rates, may pass costs to customers
* A decade for dismantling nuclear plant * Madigan subpoenas mortgage companies * Study: Death penalty flaws still exist
* Begalka: Illinois arts budget woes hitting close to home * Mayors seek an end to pension sweeteners * Fire, police pension sweeteners targeted
* Ban intact…so far
* Horse Slaughter Beat Back in Committee * Universities get to unveil ‘true needs’ * Illinois House honors Hastert * Lawmakers honor NIU shooting victims * Dem group expected to hold convention here * Lewandowski new chairman of Winnebago County Democrats * Sutcliff new top Kendall Democrat * Kendall GOP gets new chief * Fred Wickham Wins Contested McHenry County GOP Central Committee Officer Race * Nearly 100 homes along Rock River evacuated * A New Twist on an Old Trick * Council hits delay in new cop training
* Chicago links school cameras to 911 center * Friday Beer Blogging: Belt Buckle Edition
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- wordslinger - Friday, Mar 7, 08 @ 10:15 am:
Regarding the CTA story, Ron Huberman continues to impress — seems like the real deal as a policy wonk, and now he has a lot of political experience to go with it after his time at CPD and Daley’s chief of staff.
As a daily CTA rider, I hope he stays awhile to get things done. But I’d be curious to know what his ultimate ambitions are.
- Truthful James - Friday, Mar 7, 08 @ 11:31 am:
The rates that the COMED article talks about are subsiding back to preceding levels. There have been huge problems in the debt market — a fall out from the sub prime debacle and its effect on Bond insurers.
Most recently, there was a huge dump by the hedge Funds of their municipal portfolios.
I hope the Medill kids will follow up on this matter. We deserve to see retreat from crisis city.
Can’t tell from the article, but I am surprised that COMED did not swap out from variable to fixed rate a portion of that debt. to control the upside. They may have, but it is in their interest to tell the regulators to include changes in debt service as part of their rate base.