Isabel’s afternoon roundup
Monday, Jul 8, 2024 - Posted by Isabel Miller * Federal Reserve Bank of Chicago…
* After Indiana, Pritzker will keynote the Ohio Democrats’ Annual Family Reunion with Sen. Cory Brooker….
* WICS…
* Last week from the Daily Herald…
* The Real Deal | Behind the evolution of rent control’s politics: [Sen. Natalie Toro’s] bill wasn’t seen as a threat by real estate lobbyists, they said, and she didn’t put up much of a fight. She introduced an older version of legislation crafted by Chicago’s Lift the Ban Coalition – which is pushing for a new bill in the House – suggesting a lack of coordination with the group. Toro’s bill died after she didn’t call it in time to meet a legislative deadline. “I don’t know to what degree (Toro) believes in the issue, but I think she introduced the bill because she believed the politics were good,” said state Rep. Will Guzzardi, who has introduced a series of bills to lift the ban since 2017. “And that just goes to show you how far this issue has come.” * WAND | New Illinois law extends deadline for Underground Railroad Task Force: The task force was previously required to submit a report with recommendations to the governor and General Assembly by July 1. However, the new law extends that deadline until the end of this year. “This task force will bring a better understanding of how the Underground Railroad operated, as slaves escaped the south for freedom and a better life in Illinois,” said Sen. Dave Koehler (D-Peoria). “By giving Illinoisans a clear understanding of the past, we are creating a greater future.” * WMBD | Hurricane Beryl’s remnants to impact Illinois Tuesday into Wednesday: The center of Beryl is forecast to track into southern Illinois by Tuesday evening, then eventually head northeast into central Indiana by early Wednesday. Such a path will place central Illinois and Peoria on the northwest fringes of this system. Note the “cone of uncertainty” still expands roughly 100 miles north and south of the projected path. This means the exact track is not etched in stone. Locally, this is a scenario where just 50-75 miles could mean the difference from staying dry to a sizeable rain event. * Press Release | Illinois State Fair Museum looking for nominees for Illinoisan of the Day honors at this year’s fair: The Illinois State Fair Museum Foundation is seeking 10 individuals to spotlight each day of the Illinois State Fair as an Illinoisan of the Day. The Illinoisan of the Day program looks to honor individuals who exemplify the qualities and characteristics associated with Illinois- integrity, dependability, sense of community and strong ethics. * Crain’s | Johnson spikes threat to his control over City Council meetings: After contentious debate, a last-minute opposition effort from Mayor Brandon Johnson defeated a measure that would have empowered the City Council with an extra layer of legislative independence from the Fifth Floor. The bevy of weekend phone calls from Johnson’s legislative affairs staff helped prevent the City Council Rules Committee from advancing a resolution today allowing City Council attorneys to provide legislative counsel on the floor of the chamber during parliamentary fights that often devolve into arcane battles over the body’s own rules. * Tribune | In high-profile Jayden Perkins murder case, defendant takes unusual step of defending himself against experienced prosecutors: The case against Crosetti Brand is striking on its own: A man with a documented history of abusing multiple women is accused of barging into an Edgewater apartment just a day after being released from prison, attacking his ex-girlfriend and killing Jayden when the boy tried to help his mother. But procedurally, the matter stands out even more as it unfolds at the busy Leighton Criminal Court Building. Brand is serving as his own attorney, arguing the case without the expertise of a licensed lawyer, and he has demanded a speedy trial — meaning the case is proceeding toward trial at a pace nearly unheard of in a building where murder cases can linger for years or even a decade. * Sun-Times | Most murders of transgender women in Chicago go unsolved: ‘I can’t let go without answers’: Most law enforcement agencies do not track transgender homicides, but researchers have recorded over 300 transgender people murdered nationwide between 2010 and 2021. The national clearance rate was just over 50%, but police in Chicago cleared only 14%, they found. […] The Sun-Times used interviews, news clips and information from LGBTQ+ advocacy organizations to identify at least 14 trans and gender-non-conforming people killed in Chicago since 2016. They were all Black or Latinx and were all killed in neighborhoods on the South and West sides. In all but one case, the victims were trans women. * WBEZ | Chicago Teachers Union criticizes CPS leadership over state of contract negotiations: While the teachers union is only escalating through words so far, not actions, they aren’t ruling out more significant steps — even a potential strike vote if they don’t see progress in bargaining by the end of the summer, CTU Vice President Jackson Potter said. “Hopefully, we won’t face that,” Potter said in an interview Thursday. […] The CTU contract expired June 30, but contract negotiations typically last past expiration through the summer and into the fall. * Tribune | A migrant family felt ‘blessed’ to be picked for a state rental program. They were given units that seemed unlivable — with a difficult choice.: The state did document some problems with landlords. Records show migrants turned apartments down several times because of “unsafe living conditions.” A few caught fire. One tenant and landlord got into a verbal altercation and then the landlord refused to turn over the keys. Another tenant was shown a second-floor apartment but given keys to the basement and told that the “upstairs unit is for Americans.” The state eventually demanded dozens of landlords pay back more than $620,000 — about $175,000 of which was repaid as of late June, according to the most recently available state data. * Block Club | South Siders Mourn The Loss Of Huge Music Festivals: ‘Man, What Else Do We Have?’: Two South Side festivals which drew thousands of people in support of world-renowned musicians, Chicago artists on the come-up and local small businesses have shut down in consecutive years. Hyde Park Summer Fest called it quits this year after a nine-year run, as first reported by the Hyde Park Herald in May. The Silver Room Block Party, which for its last years was at Oakwood Beach, came to a close last year. * Center Square | Black households in Chicago lag behind others, without liquid assets: Illinois State Rep. La Shawn Ford, D-Chicago, says he could have easily predicted the findings of a new “Color of Wealth” survey that highlights the typical Black Chicago household has fewer liquid assets and less to fall back on than any other racial or ethnic group. In addition to finding that Black households have a median net worth of zero compared to $210,000 for white families, researchers from the Institute on Race, Power and Political Economy also found that black residents are far less likely to own stock, individual retirement accounts and homes compared to white, Mexicans and Puerto Rican families. * Crain’s | Cut traffic, connect to the lake to reboot Mag Mile: study: At the heart of its recommendation is a concept that is simple, yet difficult to achieve: Making Michigan Avenue a place to linger, with space that favors pedestrians over cars. The days of Boul Mich as a shopping mecca that have defined it for decades need to be left behind, Gensler contends, noting the record-high 30% retail vacancy rate along the avenue. The share of vacant street-facing storefronts on the Mag Mile is even higher. Filling and repositioning those spaces should be more entertainment uses, art, experiential retail, food and beverage options and other hospitality-focused features that don’t require seven lanes of car traffic running through them, the firm says. * Tribune | Skokie police sergeant files lawsuit alleging gender discrimination: According to the lawsuit, filed June 21 in the United States District Court for the Northern District of Illinois, Russell seeks back pay for lost wages and benefits, a promotion to commander, front pay if appropriate and compensatory damages, as well as punitive damages against Police Chief Jesse Barnes, former Police Chief Brian Baker, and Commander Timothy Gramins, among other demands. Per the lawsuit, Russell was passed over for a promotion to commander eight times since December 2017, despite receiving a higher assessment score than a male co-worker who was promoted to commander in 2022. According to a news release from the village, that male co-worker was later promoted to deputy police chief in January 2024. * STLPR | There’s a peachier outlook for most southern Illinois orchards this summer: “We’re really happy with where our peaches are at right now,” said Austin Flamm, who runs Flamm Orchards near Cobden about 100 miles southeast of St. Louis. Last year, a cold spell in the winter knocked out all but 10% of their crop. It was the worst loss in 16 seasons for the fruit and vegetable farming family. However, this year’s weather largely cooperated, and peach production at Flamm’s will stand at 100%. In fact, the crop was so plentiful Flamm and his team had to trim back some trees earlier this year. * WICS | SIU medicine seeks participants for schizophrenia clinical trial study: The Journey 2 study is testing the effectiveness of a novel medication called valbenazine. […] The participants’ health and safety will be closely monitored throughout the study period. All study-related visits, tests and study drugs will be provided at no cost. Enrolled patients receive a stipend and may be reimbursed for travel. * SJ-R | Popular downtown Springfield summer music festival not returning in 2024: The decision is due to “costs and logistics,” said Barry Friedman, who acquired the rights to run the downtown festival from Downtown Springfield, Inc. in 2016. It is held the last weekend of August. “We will regroup and examine the possibility of returning in 2025,” Friedman said. * Bis Now | As Data Centers Go Nuclear To Meet AI Power Demand, Worries Grow About The Impact On Everyone Else: The owners of about a third of the U.S.’s nuclear power plants are in talks with tech companies about providing electricity to them directly, The Wall Street Journal reports. Nuclear plants would give well-funded data centers a 24/7 source of carbon-free energy and enable speedy addition of the centers, which are sprouting rapidly amid the global AI race, the WSJ states. Amazon Web Services is working with Constellation Energy, the largest owner of U.S. nuclear power plants, on a deal to get electricity from one of its plants on the East Coast, according to the WSJ. * Politico | RNC committee approves dropping national limits on abortion from party platform: The platform, which will be finalized by a vote of the full convention body next week, represents a major change for the GOP — and one that anti-abortion advocates had spent months rallying against. The new language describing abortion as an issue to be decided by the states is in line with the position held by Trump. Still, anti-abortion leaders are lauding the inclusion of language pointing to 14th Amendment protections that conservatives have long argued protects life beginning at conception.
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Protected: SUBSCRIBERS ONLY - Fundraiser list
Monday, Jul 8, 2024 - Posted by Rich Miller
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Question of the day
Monday, Jul 8, 2024 - Posted by Rich Miller * Wikipedia…
* Two days later, the FBI issued this announcement…
* The reason I bring this up is that Chicago Mayor Brandon Johnson said today that he has asked the federal government for resources to help deal with the aftermath of mass shootings in his city. As you know by now, more than 100 people were wounded in Chicago during the long Independence Day weekend and 19 people died. The city experienced four mass shootings during that period, according to the Sun-Times…
* The Question: Do you agree with the mayor on this specific topic? Take the poll and then explain your answer in comments, please.
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ISP claims a 65 percent decrease in Chicago-area expressway shootings since 2021
Monday, Jul 8, 2024 - Posted by Rich Miller * First, some background…
The lawsuit is here. * ISP today…
* “ISP Statewide Anti-Violence Enforcement (SAVE) Unit North and Troop 3 Chicago Patrol statistics for January 1–June 30″… ![]() Arrests are way up.
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Illinois’ Biden angle
Monday, Jul 8, 2024 - Posted by Rich Miller * Lynn Sweet…
Rep. Robin Kelly announced her support for Biden last night. Lots more, so click here. * Related from the NY Times…
* More from Politico…
* Brenden Moore on US Rep. Nikki Budzinski…
* Daily Herald on US Rep. Brad Schneider…
* US Rep. Eric Sorensen dodged repeated questions from a Quad Cities interviewer…
More from the interview…
* Greg Hinz asks who would be VP Harris’ running mate if Biden stepped aside and she had the nomination in hand…
* More…
* Parkinson’s doctor made 10 White House visits, logs show: Dr. O’Connor, the White House physician, said he “assembled a team” of medical specialists, including “movement disorder neurologic specialists to carefully examine and assess the president” during his Feb. 28, 2024 physical exam. The team concluded “that much of his stiffness is in fact a result of degenerative osteoarthritic changes of his spine.” Dr. O’Connor said he conducted “an extremely detailed neurologic exam” that found no evidence consistent with “cerebellar or other central neurological disorders such as stroke, multiple sclerosis, Parkinson’s.” Deep breaths before commenting please. Very deep.
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Showcasing The Retailers Who Make Illinois Work
Monday, Jul 8, 2024 - Posted by Advertising Department [The following is a paid advertisement.] Retail provides one out of every five Illinois jobs, generates the second largest amount of tax revenue for the state, and is the largest source of revenue for local governments. But retail is also so much more, with retailers serving as the trusted contributors to life’s moments, big and small. We Are Retail and IRMA are dedicated to sharing the stories of retailers like Brian, who serve their communities with dedication and pride.
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Lots more work needed on growing the state’s economy
Monday, Jul 8, 2024 - Posted by Rich Miller * “Overall, Illinois’ economic and financial position has improved in recent years, but it still lags behind other states and the country as a whole,” is the conclusion of Benjamin L. Varner, Chief Economist for the Commission on Government Forecasting and Accountability. The numbers are not good. Let’s start with Gross Domestic Product…
Emphasis added. Isabel posted Brenden Moore’s story earlier today about Gov. JB Pritzker’s quest to expand the state’s economy. It’s a really good piece and you should read it. But, obviously, there’s so much more work to be done.
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Roundup: bills signed, legislation proposed, laws go into effect
Monday, Jul 8, 2024 - Posted by Isabel Miller
* The governor signed 59 bills last Monday. Press release…
Click here for the full list. * Crain’s…
* Variety…
* WGEM…
* WGEM…
* PRO…
* WGN…
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Senator Cool
Monday, Jul 8, 2024 - Posted by Rich Miller * My weekly syndicated newspaper column…
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Open thread
Monday, Jul 8, 2024 - Posted by Isabel Miller * We’re back! What have y’all been up to?…
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Isabel’s morning briefing
Monday, Jul 8, 2024 - Posted by Isabel Miller * ICYMI: A major shake-up of Metra, CTA and Pace? Now’s the time to speak out as public hearings kick off. Daily Herald…
- Proposed legislation would dissolve the boards of Metra, Pace, the CTA and RTA, and create a 19-member Metropolitan Mobility Authority board. - Out of nearly $780 million in transit system-generated revenues, 44% comes from Metra and Pace, 54% derives from the CTA, according to the RTA’s 2024 budget. - There will be tough questions about who pays more into the system, who’s riding and who deserves the most representatives on the proposed MMA board — city or suburbs? * Related stories…
∙ Milwaukee Business Journal: Amtrak’s new Twin Cities-Chicago route through Milwaukee turns a profit in first 11 days ∙ Chicago Reader:The CTA’s missing riders * Heh…
* The Marshall Project | Domestic violence survivors in Illinois are in prison for abusers’ crimes: There is no comprehensive data about how many people are in prison for the crimes of their abusers. Through a search of legal documents, though, the Marshall Project was able to identify nearly 100 people across the country convicted of assisting, supporting or failing to stop a crime by their alleged abusers. Some of the women showed clear signs of abuse at the time they were arrested. One Illinois woman was in a neck brace. * The Pantagraph | Behind the Pritzker administration’s quest to signal Illinois is ‘open for business’: After taking “a lot of good notes,” Pritzker and his team got to work. They determined early on that creating a new state-level economic development corporation “was going to take too long.” So the reworked apparatus would be housed within existing state agencies. It starts with the governor’s office, with Manar and first assistant deputy governor Claire Lindberg quarterbacking the effort day-to-day. Pritzker gets personally involved in pitching Illinois to CEOs and serving as a go-between different companies across the state when necessary. * SJ-R | Shaboozey, Keith Urban, Lil Wayne: Here are all of the Illinois State Fair headliners: Crossover artist Shaboozey, who was featured on Beyoncé’s “Cowboy Carter,” will fill out the final Illinois State Fair Grandstand slot on Aug. 18. Tickets are $20-$30 and go on sale through Ticketmaster on Saturday. * Capitol News Illinois | Illinois switching to ACT exams for state assessments: In recent years, though, many colleges and universities stopped requiring either the SAT or ACT as part of their application and admission processes. In 2021, Illinois lawmakers passed the Higher Education Fair Admissions Act requiring all public universities and community colleges to adopt a “test-optional” policy for admissions, meaning students could voluntarily choose whether to include them in their application package. But ISBE continued using the tests as part of its federally mandated statewide assessments. * Capitol News Illinois | State ends fiscal year with nearly $5B cash on hand: Comptroller Susana Mendoza noted the high cash balance helped Illinois generate over $558 million in interest income in FY24, a 53 percent increase from the previous year. She said in a news release she plans to exercise new authority granted to her office in the budgeting process this year to pre-pay required monthly pension payments while funds are available. “This will enable the (pension) systems to plan accordingly and keep more of the pension funds in their investment portfolios,” Mendoza said in a statement. * WCIA | Senate GOP Leader talks Republican chairman exit ahead of convention: There are only a couple of weeks left until the Republican National Convention in Milwaukee, but the Illinois Republican Party is struggling its way onto the convention floor after chairman Don Tracy announced that he will be resigning due to turmoil within the party. […] That infighting Tracy discussed grew as former president Donald Trump became the flag bearer for the national republican party. Republicans are going to officially nominate Trump as their candidate in Milwaukee. And Curran — who is seen as a more moderate Republican, is standing by him. “President Trump is our candidate. I thought his debate performance was very good the other night. I think he displayed a lot of vigor for the for the office he’s seeking to return to,” Curran said. * WGLT | Soil and water conservation districts leader sees budget cut as a call to action: The new state budget includes a $4 million, or nearly 50%, cut to operating funds for Illinois soil and water conservation districts. That’s the money used to pay experts and other front-line staff who advise farmers and other property owners about conservation practices, like cover crops and no-till farming, and help them access federal or state cost-share funds to implement them. The intergenerational harm comes because many of those projects take years to complete. * Crain’s | Mag Mile landlords get the OK to tax themselves — but not without a delay: A bill recently signed by Illinois Gov. J.B. Pritzker allows property owners along North Michigan Avenue and other commercial corridors in Chicago to impose a small tax on themselves to fund area improvements, but a new district won’t be in place along the Magnificent Mile until at least 2026. Backed by Mayor Brandon Johnson and pushed through Springfield by Chicago Democrats, state Rep. Kam Buckner and state Sen. Sara Feigenholtz, the legislation creates business improvement districts, or BIDs, in the city. * Tribune | In Chicago’s tent cities, ‘a multitude of challenges’ to address the city’s rising homelessness: On Friday, the U.S. Supreme Court ruled that cities and states can enforce bans on homeless people sleeping outdoors, which has experts and advocates for the homeless worried that accumulating citations and criminal proceedings could raise even higher barriers to housing and stability for people who started out with no place to go. […] In an interview with the Tribune, Sendy Soto, Chicago’s chief homelessness officer, said the homeless in Chicago had nothing to fear from the ruling. The city plans to stick with its housing-first approach to getting homeless people off the streets. * The Triibe | Garfield Park and Englewood residents dream of safe futures: As Chicago enters the summer months, often marked by increased violence due to warmer weather, The TRiiBE interviewed people experiencing the most divestment in West Garfield Park, East Garfield Park, and Englewood to understand their visions for safety. In these interviews, they describe what they believe would be most effective in creating safety and security in areas with high levels of poverty, the challenges and barriers shaping the safety of their neighborhoods, and the role law enforcement should play in building a safe community. […] For Englewood residents, safety isn’t solely about policing; it’s about coming together. Initiatives like the R.A.G.E. Englewood (Resident Association of Greater Englewood) have been pivotal in giving residents the agency to reclaim their neighborhoods. Tra’Vonne Wright is an Englewood resident and member of the Getting Grown Collective, a neighborhood organization that supports communities through agriculture projects, policy collaboration, and health access. He spoke about organizations like R.A.G.E. fighting against gentrification and helping residents buy back homes, Grow Greater Englewood which supports sustainable farms and businesses, and Teamwork Englewood which provides essential resources and amenities. * Tribune | ‘I want her to worry about who’s waiting on the corner’: How one man uses Facebook to frighten his children’s mother and why police do nothing: She had been locked in a custody and child support battle for years with her ex-partner, a computer whiz with a sizable social media following and a well-documented disregard for court orders. Since moving to Florida in 2021, he had been offering money on Facebook for information regarding his children. […] In a telephone interview with the Tribune, the children’s father, Micah Berkley, confirmed he wrote the posts soliciting pictures of his daughters on social media. He said he also seeks photographs through targeted Facebook ads that appear in the feeds of people who live within a ½-mile radius of Ward’s house and the children’s school. […] “I hear she’s scared,” he told the Tribune. “She should be scared. She should be terrified. I want her to worry about who’s waiting on the corner whenever she walks outside.” * Tribune | A dedicated bus lane on Western Avenue? Nearby aldermen support overhaul plan to make CTA less ‘Loop-centric.’: The proposal will certainly face complaints. A similar idea floated by former Mayor Rahm Emanuel for Ashland Avenue flopped about a decade ago amid opposition, including from drivers who decried the project they said would slow car traffic to a crawl on the major thoroughfare. But the coalition pushing the latest plan for so-called BRT is stepping on the gas. Their aspirations, if realized, would amount to the most dramatic reimagining of a Chicago roadway in decades. * WTTW | Bronzeville Community Microgrid Charts a Path to a Green Energy Future: The Bronzeville Community Microgrid is powered by rooftop- and ground-mounted solar installations at the CHA’s Dearborn Homes. Large batteries in the community then store that power. Natural gas-fired generation is also available to ensure continuous power to the community in the event of a major grid interruption, according to ComEd. * ABC Chicago | Northwestern College in Oak Lawn abruptly shuts down after 122 years: The Oak Lawn school made the announcement that it has shut down and closed its doors as of Saturday, July 6. The decision to close the college was made because of financial reasons, a statement from school officials said. * Daily Southtown | Landmarks: ‘Globally rare’ habitat in Lockport gets an $8 million boost, Army Corps attention: And May 31, county, state and federal officials gathered at the site to cut a ceremonial ribbon for Lockport Prairie and nearby Prairie Bluff preserves, where the 6-year, $8.3 million “major ecosystem restoration project” had just wrapped up, marking the completion of a plan that had been in discussions since the 1990s. The Army Corps of Engineers invested $5.5 million in federal aquatic ecosystem restoration funds, while the Forest Preserve District contributed $2.8 million in land value, according to a Will County news release. * BND | Fight over $3.5 million to help fund East St. Louis police pensions heads to court: Seizing state money from the city of East St. Louis to help pay for police pensions is unconstitutional and would reduce local government’s ability to provide essential services to its citizens, the city says in a lawsuit against the Police Pension Board and Illinois Comptroller Susana A. Mendoza. […] Nick Mueller, president of the East St. Louis Police Pension Board, told the BND that city officials knew the board would be asking for the intercept. Some city officials were present when the board voted last month to proceed with the intercept request. They voiced no objections, Mueller said. Nine days later, on June 20, the city filed its lawsuit in St. Clair County Circuit Court. The pension fund, the pension board and Mendoza are named as defendants. * Daily Herald | ‘We’re in a much better place’: Arlington Heights mayor says Bears have responded to proposed deal: “We’ve worked very hard to come to an agreement with the school districts that I think the Bears can be comfortable with, and that’s been communicated to the Bears, and that’s what we’re discussing now,” Mayor Tom Hayes told the Daily Herald. “So I feel very comfortable that should the Bears reengage with us and continue to explore the Arlington Park site, that the road is going to be much easier than we found in past months.” * Tribune | Chicago Sky rookie Angel Reese surpasses Candace Parker for the WNBA all-time consecutive double-double record: To set the new record, Reese surpassed former Sky star and Naperville native Candace Parker, who previously set the record with a 12-game streak between the 2009 and 2010 seasons. She had already passed Parker’s record for a single-season double-double streak in last week’s loss to the Minnesota Lynx. The Sky lost 84-71 to the Storm on Sunday. Reese finished with 17 points and 14 rebounds. * Tribune | From reliever to starter to All-Star: Chicago White Sox pitcher Garrett Crochet earns 1st All-Star nod: The Chicago White Sox left-hander earned All-Star honors for the first time in his career Sunday as he was named the team’s lone representative to the American League roster. “Now that it’s real, it definitely has a different feel to it,” Crochet said. “Excited. Thankful for the people who voted. Thankful for my teammates. I wouldn’t be here without them. I know it’s been a bumpy season, but the relationships we formed in the clubhouse really makes it easy to go out there and play hard for the guys. * Tribune | Illinois AG Kwame Raoul joins Democratic counterparts in defending DEI initiatives: Illinois Attorney General Kwame Raoul took the lead on a letter signed by 19 Democratic attorneys general late last month reaffirming their position that programs supporting diversity are valid and mitigate racial discrimination, part of an effort to take back the narrative from conservatives. The letter was delivered to the American Bar Association, Fortune 100 company CEOs and other organizations that may be targeted for DEI initiatives. In an interview, Raoul said he wants to ensure “this very well-coordinated effort to undermine efforts to be inclusive, both in higher education and the corporate sector, does not succeed.” * ABC Chicago | Six Flags, Cedar Fair complete $8 billion merger to create largest park operator: Six Flags this week completed an $8 billion merger with rival Cedar Fair to create the largest amusement park operator in the United States. Together, they operate 42 amusement and water parks across 17 states. The success of the deal will determine the future of these amusement parks, and diehard rollercoaster fans are watching carefully. Some are optimistic that the condition of Six Flags’ parks will improve. Others worry it will become more expensive to get into their favorite parks. * NerdWallet | Corporations want you to rent, not own. Can lawmakers stop them?: Corporate landlords raise rent and charge ancillary fees because they can. “These institutions have outsized power in our housing market, and that influence is growing,” said U.S. Sen. Jeff Merkley, D-Oregon, in an email. “By 2030, Wall Street could control 40 percent of U.S. single-family rental homes.” […] Merkley, the Oregon senator, has introduced a bill that would force corporate landlords to sell their houses. The End Hedge Fund Control of American Homes Act “is intended to give all families a fair chance to buy a decent home in a decent community at a price they can afford, because houses should be homes for families, not a profit center for Wall Street,” Merkley said in an email. His bill would make corporate landlords sell at least 10% of their inventories of single-family rental homes every year for 10 years or face steep tax penalties. A similar bill was introduced into the House, sponsored by U.S. Rep. Adam Smith, D-Washington. * AP | Boeing accepts a plea deal to avoid a criminal trial over 737 Max crashes, Justice Department says: The plea deal, which still must receive the approval of a federal judge to take effect, calls for Boeing to pay an additional $243.6 million fine. That was the same amount it paid under the 2021 settlement that the Justice Department said the company breached. An independent monitor would be named to oversee Boeing’s safety and quality procedures for three years. The deal also requires Boeing to invest at least $455 million in its compliance and safety programs.
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Protected: SUBSCRIBERS ONLY - Supplement to today’s edition
Monday, Jul 8, 2024 - Posted by Rich Miller
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Protected: SUBSCRIBERS ONLY - Today’s edition of Capitol Fax (use all CAPS in password)
Monday, Jul 8, 2024 - Posted by Rich Miller
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Live coverage
Monday, Jul 8, 2024 - Posted by Isabel Miller * You can click here or here to follow breaking news. It’s the best we can do unless or until Twitter gets its act together.
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Selected press releases (Live updates)
Monday, Jul 8, 2024 - Posted by Isabel Miller
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