Capitol Fax.com - Your Illinois News Radar » This is why we can’t have nice things
SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
CapitolFax.com
To subscribe to Capitol Fax, click here.
This is why we can’t have nice things

Friday, Jan 30, 2015

* From commenter Arthur Andersen, who is an old hand on the pension front

(T)he argument about members’ contributions being “a small percentage” of the total pension payments over a lifetime is a red herring that provides no justification for the hugely expensive swap to the inferior [defined contribution] plan.

In one sample case I’ve examined, a 31-year State worker with time in SERS and TRS recovered his contributions in about 3.5 years. If one assumes a State match of contributions, the recovery time goes to 7 years.

Now here’s where it gets interesting; if those contributions were accounted for separately and earned what the pension funds over the working career of the employee-the contributions are now worth over 13 years of the pension.

In turn, taking that hypothetical amount and annuitizing it for 28 years (average life expectancy) at 8% with monthly withdrawals equal to the pension payment, there was actually some money (but not much) left over.

In other words, if the state had made its payments all along there would be no problem today.

Yes, you could argue that an 8 percent return over time is too high of an expectation. But if so, why is the IMRF fund in such good shape? They didn’t necessarily invest spectacularly better than the TRS or SERS. The key difference is municipalities had to make those payments or the state could snatch their revenue sharing money.

- Posted by Rich Miller        

64 Comments
  1. - Oswego Willy - Friday, Jan 30, 15 @ 11:28 am:

    With the likes of - AA - commenting so thoughtfully and extensively about how the pensions work, inside and out, I just read and learn.

    Great insight - AA -.

    ===The key difference is municipalities had to make those payments or the state could snatch their revenue sharing money.===

    And… ===In other words, if the state had made its payments all along there would be no problem today.===

    What is lost on those thinking everything is so broken, to understand where the fixes can exist by understanding where failure started and continued up to the point full payments were being made.

    It’s not that payments don’t work now, it’s the missed payments that are being chased.

    Love the insigh we get here from the stable of those who know.


  2. - VanillaMan - Friday, Jan 30, 15 @ 11:32 am:

    I’m concerned over how quickly we are seeing citizens willing to find reasons beyond facts to attack their neighbors. I know history tells us that this is a sadly common occurrence, that politicians seek political power by tapping into unfounded resentments towards this or that group, it’s just that I so wished we didn’t see that today.

    Attacking this or that group of citizens because they seem to have more than most, isn’t what we normally see in America. Germany or Italy, Egypt or Russia, yes - but not America.


  3. - JeffingingChicago - Friday, Jan 30, 15 @ 11:33 am:

    I remember the good old days when my retirement (401k)looked guaranteed and wonderful with a 7% return year after year. Now not so much. I am now even with where I was in 2008. Explain to me how the State can guarantee an 8% return to its workers when that doesn’t exist in the real world. And yes the difference of 7 to 8% compounding over 30 years is huge.

    I agree the amount paid in is a red herring. But look at what a $25,000 annuity that increases 3% each year would cost for 20+ years. That is a truer measuring stick.


  4. - pundent - Friday, Jan 30, 15 @ 11:38 am:

    Good commentary and analysis. This is why I think its a tough road for the state to think that the ILSC is going to bail them out. The legislature created this crisis by ignoring the rules. It was not due to a series of unforeseen or unexplained events. They simply did not meet their fiduciary obligations. There is a simple fix and it’s raising taxes. Just because the solution is unpopular doesn’t mean that the state should be able to skirt their responsibilities. In fact there’s an obligation that this should have been done all along if the state was incapable of living within its means. In that sense think of this as nothing more than a tax which has been deferred but is now owed.


  5. - Formerly Known As... - Friday, Jan 30, 15 @ 11:38 am:

    Again highlighting that this is largely a self-created problem by the state and our leaders.


  6. - Shark Sandwich - Friday, Jan 30, 15 @ 11:40 am:

    Jeffing, check the retirement systems’ annual reports for past returns. In short, they are helped by having a bigger pool and lower fees/overheads ( provided they are funded).


  7. - One of the 35 - Friday, Jan 30, 15 @ 11:42 am:

    Is it possible to bring a civil action against the GA for breach of fiduciary duty for failing to make the necessary pension contributions? Might get thrown out, but is it worth a try?


  8. - Jocko - Friday, Jan 30, 15 @ 11:45 am:

    VM nails it! Sadly, it sometimes goes beyond neighbors to extended family.

    I don’t recall this level of rancor when the private sector employee was pulling down 1.5 to 2 times what the public sector was making.


  9. - Ginhouse Tommy - Friday, Jan 30, 15 @ 11:47 am:

    This proves what some people have been saying for some time. This whole mess is from bad management from a lot of different executives and legislators. To get around the mess and not take any responsibility they blame the state employees because they can’t fix the mess and make it go away. Ain’t happening. The powers that be are going to man up and provide real leadership not just another shell game. We’ve seen that before.


  10. - Anonymous - Friday, Jan 30, 15 @ 11:56 am:

    Wow, are you saying this is the same as my house payments? That is to say that if I skip a house payment the bank does not just reduce what I owe. Maybe I just have a bad bank.


  11. - Formerly Known As... - Friday, Jan 30, 15 @ 11:57 am:

    ==This whole mess is from bad management from a lot of different executives and legislators.==

    Those executives include a number of union leaders who were complicit in the pension payment ==holidays==.

    Some of the politicians and union execs who engineered this mess remain in power, unscathed, to this day. Those same politicians are now attempting to blame the victims and steal from them based on those prior failures to properly fund the pension system. The whole thing is not just underhanded, but offensive, to many.


  12. - anon - Friday, Jan 30, 15 @ 11:58 am:

    When complaining about your 401(k) returns, please understand that you most likely have Social Security which does increase in payments and that you have the potential to receive returns well in excess of 8% if the economy continues to rebound. Once a pension is stolen, it is lost forever.


  13. - Wordslinger - Friday, Jan 30, 15 @ 12:03 pm:

    Fortunately, on the pension front, all indications from the Supremes are that the screaming and crying is almost over.


  14. - Joe Blow - Friday, Jan 30, 15 @ 12:04 pm:

    All great comments now let’s hear from subscribers solutions to the debt problem including raising taxes. One of my solutions would be to extend the pension payment schedule I believe the payment schedule was passed in 1994. Why not retrigger out to 2065? Also find a funding source to bond out part of the debt. Just asking.


  15. - Rich Miller - Friday, Jan 30, 15 @ 12:05 pm:

    ===One of my solutions would be to extend the pension payment schedule==

    You end up paying a whole lot more that way.


  16. - Norseman - Friday, Jan 30, 15 @ 12:07 pm:

    The AA’s in state government are the reason I get so angry at the blanket vilification of state employees and their salaries and benefits. Great analysis AA.


  17. - Joe Blow - Friday, Jan 30, 15 @ 12:18 pm:

    Rich
    Yes it does cost more but at the same time it takes pressure off of the over all budget doesn’t it.


  18. - Norseman - Friday, Jan 30, 15 @ 12:22 pm:

    *** ===One of my solutions would be to extend the pension payment schedule==

    You end up paying a whole lot more that way. ***

    Because of the fiscal irresponsiblity of our policy makers, there will be an additional cost. The best we can hope for the least costly fix.


  19. - PublicServant - Friday, Jan 30, 15 @ 12:29 pm:

    The average stock market ROI is just north of 8%/year over the period since its inception till now, and that includes the great depression and our current “great recession”. The numbers used for the pensions, I believe, are 7.75%, which are quite reasonable. As AA says, if the state had made its required payments instead of using the money to fund programs and keep our taxes low for decades, we wouldn’t have the debt problem we do today.


  20. - Kurt in Springfield - Friday, Jan 30, 15 @ 12:36 pm:

    @JeffingingChicago “Explain to me how the State can guarantee an 8% return to its workers when that doesn’t exist in the real world.”

    The Dow since its inception has averaged close to 12% a year. My Roth IRA averages between 12% and 13% a year. Earning an 8% average annual return is not unrealistic at all in the real world. There are of course down years with negative rates of return. It is the long term investment average however that makes the difference.


  21. - Pamela - Friday, Jan 30, 15 @ 12:40 pm:

    I think most people understand the impact of
    compound interest & what was lost but where
    was the union & employees in the past? They
    continued to sign contracts with & elect the
    same politicians who did this.


  22. - RNUG - Friday, Jan 30, 15 @ 12:47 pm:

    == AA ===

    Very good article


  23. - A guy - Friday, Jan 30, 15 @ 12:48 pm:

    Well done Artie. It doesn’t need to “assume” much or anything outrageous to make a very strong argument.


  24. - RNUG - Friday, Jan 30, 15 @ 12:51 pm:

    === Is it possible to bring a civil action against the GA for breach of fiduciary duty for failing to make the necessary pension contributions? ===

    As much I would like to see that, I believe they have immunity from their legislative actions.


  25. - Qui Tam - Friday, Jan 30, 15 @ 1:00 pm:

    === Is it possible to bring a civil action against the GA for breach of fiduciary duty for failing to make the necessary pension contributions? ===

    A while back I believe the SEC did bring legal action against the IL GA (the People of Illinois) for fraud related to pension underfunding. The Il Atty General ’successfully’ settled this charge and got them off the hook.

    Also I believe Il voters re-elected many of the founded pension fraudsters.


  26. - Precinct Captain - Friday, Jan 30, 15 @ 1:06 pm:

    You follow the rules, make the payment schedule, and thinks turn out good, who could have guessed?


  27. - CapnCrunch - Friday, Jan 30, 15 @ 1:23 pm:

    “…taking that hypothetical amount and annuitizing it for 28 years (average life expectancy) at 8% with monthly withdrawals equal to the pension payment, there was actually some money (but not much) left over.”

    Arthur, I assume your withdrawal calculation included an annual 3% increase. Am I correct?


  28. - liandro - Friday, Jan 30, 15 @ 1:27 pm:

    I honestly get sick of the “this program would work if the government had wisely spent the funds” argument. I’ve heard the same about Social Security (which isn’t really on schedule to be terribly healthy by the time I retire), pensions, etc.

    Because here’s the thing: government’s have proven they don’t manage other’s money well over the long term. You offer a cigarette to someone trying to stop smoking, and sometimes they take it. You offer cash to a government, sometimes they spend it.

    So my issue is that people who strongly defend having a pension system somehow think that complaining the government didn’t properly save their money is an argument IN DEFENSE


  29. - Rich Miller - Friday, Jan 30, 15 @ 1:29 pm:

    ===I honestly get sick of the “this program would work if the government had wisely spent the funds” argument===

    Except there are plenty of governments - state and local - who did wisely spend their funds.


  30. - liandro - Friday, Jan 30, 15 @ 1:30 pm:

    Bah, sorry, tab button. Anyway, if the pension system can be “fixed”, factoring in the tendency of government to spend “invested” money has to be factored into the system.

    I can complain all I want that Social Security has been used improperly (and do), but if I want it when I retire my guess is things will have to change: retirement age, contributions, etc.


  31. - liandro - Friday, Jan 30, 15 @ 1:31 pm:

    Agreed Rich, because a bigger government points a gun at them (figuratively). Are we going to get the feds to do that to the state? Because that would be an intriguing solution.

    One of the functions of government is oversight, and local funds being in such better shape do to state oversight is an example of that working. But who is watching the watchmen?


  32. - Arthur Andersen - Friday, Jan 30, 15 @ 1:33 pm:

    Cap’n, yes it did include the AAI.


  33. - pundent - Friday, Jan 30, 15 @ 1:36 pm:

    liandro - Google the letters IMRF and then circle back with us.


  34. - liandro - Friday, Jan 30, 15 @ 1:37 pm:

    Pundent,

    I assume my response to Rich hadn’t posted yet when you wrote that?


  35. - CapnCrunch - Friday, Jan 30, 15 @ 1:39 pm:

    Thanks. I didn’t think you overlooked it but I thought I should ask.


  36. - Mama - Friday, Jan 30, 15 @ 1:40 pm:

    Now is the time to come up with sound solutions to the pension problem. Crying about what happened in the past and who is at fault changes nothing.


  37. - PublicServant - Friday, Jan 30, 15 @ 1:44 pm:

    Mama, it’s a debt problem. The solution is to pay it back according to the current pension ramp and raise taxes enough to both repay what was borrowed and fund existing programs.


  38. - Wordslinger - Friday, Jan 30, 15 @ 1:49 pm:

    Qui Tam, the SEC alleged fraud in bond disclosures regarding health of pension funds. The disclosures were prepared by the executive branch.

    It was picking pepper out of fly stuff because the numbers were there for all to see. the SEC was objecting to language describing the funding plan, and there was a slap on the wrist.

    The SEC was just showing the world how tough they are now after snoozing for years in the run up to 2008.


  39. - Mama - Friday, Jan 30, 15 @ 1:49 pm:

    Public Servant - that is what I would do, but Rauner keeps saying he will not raise taxes. That means another solution is needed.


  40. - Mama - Friday, Jan 30, 15 @ 1:52 pm:

    Good point Word.


  41. - RNUG - Friday, Jan 30, 15 @ 2:00 pm:

    === Now is the time to come up with sound solutions to the pension problem. ===

    Agreed. But part of the problem is the already existing debt still has to be paid regardless of any reforms. That won’t get solved as long as the politians keep trying to wish away the debt.


  42. - ZC - Friday, Jan 30, 15 @ 2:07 pm:

    Gratuitous academic plug but relevant I think: I’ve been trying for a while to figure out, “How did we get here?” I think a future academic “name” in this field might be a current grad student out at UC-Berkeley I just saw present, John Brooks, who has put together the most impressive statistical analysis I’ve found so far of what variable correlate to why some states have done a more responsible job than others. The link to his research-in-progress (it’s not peer reviewed yet) is below.

    What Brooks has found in part isn’t earth-shattering, but it fits IL. We’re not the only state that has mismanaged its pensions (we’re just in the worst fix because, unlike most other stages, it seems we can’t reneg on anything). The strongest correlation Brooks finds, nationwide, is how insulated the state pension boards are from political appointments. In other words, the more the pension boards are insulated from political pressures / staffed with bureaucrats / “professionals,” in general, the better the states have done protecting their retirees’ investments. In IL we always talk about the irresponsible legislature, but the culture of appointments to pension boards in this state is arguably insane, if you step back from it.

    Brooks also finds that when you control for things like politicized pension boards, whether or not the state has a strong unionized workforce seems to have a null impact on the state’s current pension health.

    Like I said it’s not peer-reviewed yet and I can’t imagine it tells the full story, but it might point to part of the way forward.

    http://www.johnebrooks.com/uploads/3/1/3/2/31329631/funding_v4.pdf


  43. - JohnTwig - Friday, Jan 30, 15 @ 2:13 pm:

    A well designed, properly funded state defined benefit pension plan can be a good bargain for both employees and taxpayers. The Illinois problem is the DEBT owed the pension plans and not the actual cost to the State of operating the plan.

    To see an example of how another state’s plan saved a lot of taxpayer dollars, take a look at:

    http://illinoispublicpensions.com/

    The above site also has an interactive model that looks like the SURS Tier I plan (of which I am a member) that will let your try out your own assumptions and see how the math works out.


  44. - Jocko - Friday, Jan 30, 15 @ 2:15 pm:

    ==Crying about what happened in the past and who is at fault changes nothing.==

    It helps you understand why your taxes were kept artificially low for the past twenty years and why Rauner (regardless of what he says) will have to raise them…or you can just buy into Rauner’s “public employees are greedy!” argument and cheer when he skips the required pension payment.


  45. - shaken - Friday, Jan 30, 15 @ 2:16 pm:

    If you look at the rate of return for TRS, you can see how 8% is not unreasonable. TRS rate was 18% for 2014. You can track the last 10 years here. http://trs.illinois.gov/press/financial/return.htm


  46. - jeffinginChicago - Friday, Jan 30, 15 @ 2:29 pm:

    Ok Calpers over the last 10 years has an average rate of return of 6.8%. http://www.calpers.ca.gov/eip-docs/about/facts/facts-at-a-glance.pdf. They are or were considered to be biggest and best of State pension funds. How underfunded are we with that rate of return assuming contributions had been made? If you have to guarantee the rate what is the right rate? Do you base it on the last 10 years 20 years 30 years? There is a lot at stake for all of us.

    At anon regarding Social Security. My retirement age was pushed back to almost 67 and every year they send me a love letter of how much I will receive. It includes a statement that Congress can and has changed my benefits that there is no guarantee of what I may actually receive.


  47. - anon - Friday, Jan 30, 15 @ 2:29 pm:

    === Now is the time to come up with sound solutions to the pension problem. ===

    If you take tax hikes off the table, and insist that the steep income tax cut remain in effect, it is pretty hard to find any legal solution. Unless Gov. Rauner changes his tune about taxes, there will be no solution during his administration.


  48. - Joe M - Friday, Jan 30, 15 @ 2:29 pm:

    === Is it possible to bring a civil action against the GA for breach of fiduciary duty for failing to make the necessary pension contributions? ==

    That has been tried:

    Constitutional provision that membership in state pension or retirement system shall be an enforceable contractual relationship, the enefits of which shall not be diminished or impaired, did not create contractual right in teachers to enforce specific level of funding for teachers’ pension plans and did not preclude governor from reducing appropriations made to the pension funds. People ex rel. Illinois Federation of Teachers, AFT, AFL-CIO v. Lindberg, 1975, 60 Ill.2d 266, 326 N.E.2d 749


  49. - Joe M - Friday, Jan 30, 15 @ 2:32 pm:

    and tried again:

    Pension Code does not establish vested contractual rights to statutory funding levels. People ex el., Sklodowski v. State, 1998, 230 Ill.Dec. 884, 182 Ill.2d 220, 695 N.E.2d 374


  50. - JohnTwig - Friday, Jan 30, 15 @ 2:41 pm:

    About a lawsuit to force the Legislature to fund pension systems –it has been tried before. See:

    http://cgfa.ilga.gov/Upload/2008%20JANUARY%20Handbook%20of%20Illinois%20Pension%20Case%20Law.pdf

    Scroll down to page 10.


  51. - ZC - Friday, Jan 30, 15 @ 2:56 pm:

    >> did not create contractual right in teachers to enforce specific level of funding for teachers’ pension plans and did not preclude governor from reducing appropriations made to the pension funds.

    Which seems like a big part of the mess. At the same time, it’s unclear exactly what binding constitutional language would have looked like here. Constitutional language to the effect of, “The state is obligated to make its yearly pension set-aside” could easily be end-run by a legislative statute redefining what the state’s obligation -is-, for any given year.

    I’m not sure if there was any constitutional language in any words they could have come up with, that would actually have compelled legislators to make the “required” contribution” year-by-year. Unless you wanted to get like hyper-specific, i.e. “the state’s pension system must be at least 80% funded” in the Constitution itself. Which doesn’t make much sense to me either (what if a Great Depression strikes?)


  52. - chi - Friday, Jan 30, 15 @ 3:45 pm:

    Jeffing-

    You are picking a pretty bad ten-year window. Calpers is in business for decades, plural, and so losses one decade are compensated by gains in another decade. This is one beneficial aspect of “risk pooling”. When someone has a 401k, if the market tanks right before their retirement, they’re screwed. When someone is in a pension fund, their risk is pooled with others who retired fifty years prior and who will retire fifty years in the future. So where the market is when a single individual retires doesn’t matter. Assuming, of course, the state pays its share.


  53. - Arthur Andersen - Friday, Jan 30, 15 @ 3:58 pm:

    TRS’ 30-year return on investments is around 9.5 percent. SURS and ISBI are in that ballpark.

    I can’t get Prof. Brooks’ article to open, ZC, but I’ll keep trying. In the meantime, can you elaborate on your assertion that “the culture of appointments in IL is….insane?”

    PS: Thanks, folks, for the kind words above.


  54. - Cook County Commoner - Friday, Jan 30, 15 @ 3:59 pm:

    @ John Twig, 2:41 pm
    Thanks for the reference.

    Everyone should read the material. The state may or may not have the police power to modify pensions but there appears to be little the courts can do to enforce the state (or local governments ?) to tax and pay up.

    I think its fair to say there will be no judicial solution to the problem.


  55. - ZC - Friday, Jan 30, 15 @ 4:30 pm:

    Arthur,

    I just don’t know how to post links clearly, apologies. But if you go to www.johnebrooks.com (try copying / pasting) and look for his research you can download the pdf.


  56. - Shemp - Friday, Jan 30, 15 @ 4:42 pm:

    IMRF runs like a champ and yet woefully underfunded police and fire pension boards and advocates protest every time someone so much as breathes a though about creating a fire and police pension system similar to IMRF. Go figure. (wouldn’t be because all the actuaries, consultants, fund managers, etc would stand to lose money, would it?)


  57. - Harry - Friday, Jan 30, 15 @ 4:42 pm:

    Any honest actuary will tell you that the problem is mostly because the State didn’t pay what an actuarial formula required. Benefit sweeteners like unfunded ERIs were a small part of it, and market returns falling short of expectations were significant but not as big as just the State not acting responsibly.


  58. - PublicServant - Friday, Jan 30, 15 @ 4:46 pm:

    ===I think its fair to say there will be no judicial solution to the problem.===

    While that is likely true CCC, they are about to eliminate welching as a solution that the state can utilize.


  59. - anon - Friday, Jan 30, 15 @ 5:03 pm:

    “but there appears to be little the courts can do to enforce the state (or local governments ?) to tax and pay up.” Maybe not the power to order a tax but the courts do have the power to order the State and local governments to pay up. In the recent treasurer’s stipend case (4th District Appellate Court, maybe), the Court stated that it did not violate separation of powers to order that payment be made out of the general funds where the stipend was required by the constitution.


  60. - Cook County Commoner - Friday, Jan 30, 15 @ 5:19 pm:

    @ anon 5:03pm

    Thanks.

    What I see happening is that we end up at some point with court orders declaring payments out of general funds to pensions in competition with other required payments, such as the child care issue at the top of the blog.

    What a mess.


  61. - Arthur Andersen - Friday, Jan 30, 15 @ 5:52 pm:

    Harry, do you go by “Captain Obvious” in real life?

    Just kidding. We can’t say that enough.


  62. - Former Merit Comp Slave - Friday, Jan 30, 15 @ 10:19 pm:

    Exactly what I’ve been saying for several years


  63. - lost in the weeds - Friday, Jan 30, 15 @ 10:47 pm:

    8 percent in the past is not an unreasonable rate of return. Going forword it might be lower.
    http://awealthofcommonsense.com/real-risk-6040-portfolio/


  64. - lost in the weeds - Friday, Jan 30, 15 @ 10:48 pm:

    Very good points Arthur.


Sorry, comments for this post are now closed.


* Doom and gloom abounds, but a new pension idea emerges
* Another lawsuit filed in Quincy veterans' home deaths: "For a year and a half, he loved that place. And it killed him"
* *** LIVE COVERAGE ***
* SUBSCRIBERS ONLY - Today's edition of Capitol Fax (use all CAPS in password)
* Yesterday's stories

Support CapitolFax.com
Visit our advertisers...

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

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

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

...............
<


Loading


* State bond rating worst in nation — but at leas.....
* Gov. Rauner's DC allergy successfully treat.....
* Gov. Rauner receives Fletcher Award..
* Why Your Pension Is Doomed..
* Moody's gives Illinois finances a 'stab.....
* Illinois gets some breathing room from Moody's..
* Moody's has some good news on Illinois credit..
* Village recommends tax incentive for Elk Grove .....
* Gun rights advocate see Pritzker as a committed.....
* As rents soar, Democrats push new policies on a.....


* Cooling towers disinfected after bacteria at state building
* About 200 expected to lose Omaha jobs with office closing
* Owners may demolish pyramid home in Illinois after fire
* Chicago’s John Marshall Law School to merge into UIC
* Arkansas man sentenced for selling guns in Chicago area
* All aboard: Indiana town’s railroad-themed area adds caboose
* Fire, water damage made result in Pyramid House demolition
* Judge: Religious nonprofit exempt from unemployment taxes
* Judge in court as a defendant in misdemeanor gun case
* Report: Lake oil spill in Michigan would cost nearly $2B

* Marginal amounts of legionella detected in Stratton Building
* Moody's gives Illinois finances a 'stable' outlook
* Illinois Army National Guard soldiers return home
* Marginal amouts of legionella detected in Stratton Building
* Under the Dome Podcast: Gun bills, Quincy, Trump-Putin reaction
* Incumbents hold big fundraising leads in central Illinois legislative races
* Springfield man wins Illinois State Police logo contest
* Rauner 'deeply troubled' by Trump's Helsinki comments
* Rauner signs bill to ease physician assistant hiring
* Bill taking Illinois out of voter registration system vetoed

* What's up at United? Hope, if not profit.
* Northwestern cuts back amid budget shortfalls
* FTD shakes up leadership as it mulls sale
* China sinks money into U.S. hyperloop startups
* Moody's has some good news on Illinois credit


* ‘Thorn Birds’ author’s widower wins court battle over estate
* Mark Wahlberg wants to sell cars — buying Chevy dealership in Ohio
* Hoge & Jahns Podcast: Back in Bourbonnais for Bears training camp
* Taylor Swift, Jennifer Hudson, James Corden to star in ‘Cats’ film
* State building’s cooling towers disinfected after legionella bacteria found
* Trump ready to go all-in on taxing Chinese imports
* At least 13 die after duck boat capsizes in Missouri lake
* Man, 60, wounded in Lawndale shooting
* Person shot several times, critically wounded in Bronzeville
* Have fun in Chicago this weekend! July 20-22


* TreeHouse Foods moves 200 jobs from Omaha to Oak Brook, Green Bay
* Divers hunt for 4 after duck boat sinks in storm, killing at least 13 on Missouri lake
* In spite of all their woes, the Cardinals don't believe in sell-offs
* Turmoil slows rebuilding of Puerto Rico's power grid
* 25 years after Michael Jordan’s father was murdered, key questions still remain unanswered
* ESPN Bears reporter Jeff Dickerson takes leave to care for wife, son
* Roquan Smith's holdout, Allen Robinson's challenges and more
* Cubs closer Brandon Morrow on MRI results: 'Nothing that can't clear up with rest'
* Man killed in Gresham, 7 others wounded in shootings Thursday, early Friday
* LaVar Ball still not clear about JBA coach's discipline — or his plan for players' futures


» #660 PJ Morton & Opinions on Drake
» July 19, 2018 - Full Show
» Berwyn Homeowners Squeezed By School District Miscalculation
» How Conservatism Won In Wisconsin; Illinois Election Security; Special Olympics 50th Anniversary
» Illinois Prison Officials Accused of Abusing Transgender Inmate
» Money Machines: Billionaires Rain Cash — With Strings Attached?
» July 18, 2018 - Full Show
» Fast Food ‘No Poaching’ Clauses; Trade Wars & Farmers; Small Town ‘Brain Gain’
» 'Carnaval’ Festival To Highlight Latinx Stories In Theater
» The Cook County Sheriff Is Launching A Podcast On Opioid Addiction


* Counterpoint: His pick is bad news indeed for health care, women, consumers and unions
* Point: Kavanaugh is truly a 'judge's judge' and precisely what our nation needs
* Eugene Robinson: The 'deep state' stands between us and the abyss
* Marginal amounts of legionella detected in Stratton Building
* Moody's gives Illinois finances a 'stable' outlook
* Illinois Army National Guard soldiers return home
* Marginal amouts of legionella detected in Stratton Building
* Under the Dome Podcast: Gun bills, Quincy, Trump-Putin reaction
* Bernard Schoenburg: Bourne, Clark clash over missed votes
* Our View: Access to Narcan key to combating addiction


* Champaign shootings under investigation
* 3 men injured after semi crashes into box truck near Okawville, police say
* Decatur and Macon County neighbors: Obituaries published today
* VIDEO: Getzner officially opens Decatur facility with expansion in mind
* Showtime: Decatur competes for America in Bloom title after months of preparation
* Clinton AmVets Post 14 gets grant to build
* AWOL pig makes brief appearance near Delavan
* At least 17 injured as tornadoes sweep through Iowa
* Rick's Six: Tornadoes injure 17, quarry death, and new store opens in Northpark
* Belleville schools settle lawsuits alleging students with special needs were injured


* Croatian media: Forward Kalinic refused WCup medal
* Feder: FCC blasts Sinclair 'misrepresentation' in Tribune deal
* Cooling towers disinfected after bacteria at state building
* At least 11 die when duck boat capsizes in Missouri lake
* As camp begins, Bears QB Trubisky's sole focus is blocking out distractions

* Luis Gutierrez for Impeachment: Tru...
* House Approves Pro-ICE Resolution
* Liberal groups protest Trump but mostly st...
* Calendar Listings
* Ernst: President Trump 'not upholding ...
* House Democrats Reveal 2018's Slogan: ...
* House Dems, with Bustos' help, unveil ...
* Limbaugh laughs at Dems' midterm motto...
* Democrats Announce New Slogan for Midterms...
* 'For the People': House Democrats&...

* Gov. Rauner's DC allergy successfully ......
* No, The Failed Ninth Circuit Court Nominat......
* The Senate Feels Need to Oppose Turning Ov......
* Anti-money laundering reform needs more Re......
* The Senate delivered a rare, unified rebuk......

* Rep. Lieu: Trump's Statements in Helsi......
* Gov. Rauner's DC allergy successfully ......
* Sen. Duckworth weighs in on Trump's Su......
* Sen. Tammy Duckworth on breast-feed......
* Landscapers advocate for H-2B during Legis......

* The [Monday] Papers
* Immigrant Infants Too Young To Talk Called Into Court To Defend Themselves
* Does the Second Amendment apply to black people?
* Sinclair-Tribune Deal On Life Support
* The Cook County efiling system is not just slow and inconvenient, it is downright scary... a review, continued
* The Pitchfork Music Festival and more of the best things to do in Chicago this weekend
* Sarra Jahedi wants to welcome you into her family
* Free Walking Tours Of Uptown Entertainment District This Saturday
* Another piece of Chicago’s industry moves to far sout’east corner of city
* Beautify Clarendon Park With Your Neighbors


* Summit for Success: IDOT providing tools, opportunity for disadvantaged businesses
* Illinois Payrolls Jump +18,100
* Liquor Control Commission Underage Compliance Report for Cook County
* Gov. Rauner receives Fletcher Award from National Black Chamber of Commerce
* Nursing Home Violations for Second Quarter 2018

  
* The Motiv Ring is a fitness tracker for folks who hate fitness trackers
* The best electric skateboard
* Get up to speed on Python with this double-barreled course package
* Venmo refuses to say why transactions are public by default
* Samsung Galaxy Watch surfaces at FCC with support for all four major carriers
* The 2018 MacBook Pro has a problem with overheating
* Wearables vs. proctors: Test taking security in the era of constant connectivity

* The worst finishes in White Sox history
* White Sox Minor League Update: July 19, 2018
* Kopech fans nine for Charlotte
* Under the Radar: Tyler Danish
* MINOR LEAGUE BASEBALL: Mooresville's Watts signs with White ...
* Scouting report: White Sox vs. Seattle Mariners at Safeco Field
* Showing so far bodes well for Astros' road to repeat


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

Archives
July 2018
June 2018
May 2018
April 2018
March 2018
February 2018
January 2018
December 2017
November 2017
October 2017
September 2017
August 2017
July 2017
June 2017
May 2017
April 2017
March 2017
February 2017
January 2017
December 2016
November 2016
October 2016
September 2016
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




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