A new kind of electric bus hits the road today in Southern California. It will carry a full load of passengers over 30 miles, stop for 10 minutes, and fully recharge its batteries. As the inventor points out — that’s a lot less time than it takes to charge your cell phone.
The Institute’s reports the state has only $20 billion of assets to cover $140.6 billion in bills —- a $120.6 billion shortfall. Each Illinois taxpayer’s share is $29,200. This precarious financial position falls under one definition of bankruptcy —- A debtor that does not have the financial means to pay their bills as they come due. The Institute’s detailed study of Illinois’ June 30, 2009 audited financial report and retirement systems’ actuarial reports found the state does not have the $120.6 billion needed to pay for its liabilities as they come due. “The state has incurred billions of dollars of liabilities and does not have the means to meet these liabilities,” said Sheila Weinberg, founder & CEO of the Institute.
Tom, LeAlan , Rich and the Green Team marched on Saturday, August 14 in the 2010 Bud Billiken Day Parade. It was hot as the dickens but we all had a great time and met thousands and thousands of parade-goers who cheered and encouraged our call for REAL change in 2010!
End the wars now. Elect Green Party candidates who will make re-building America Priority One – not lining the pockets of big business and continuing wars that are bankrupting the country.
Doug Dobmeyer is a titan of social change activism in Chicago. Here’s just a sampling of his accomplishments: Executive Director, The Public Welfare Coalition, Chicago, 1986-1994;Lobbyist on low-income and campaign finance issues in Springfield, 1986-1996, President of the Chicago Coalition for the Homeless, Chicago, 1985-1987;Member of the Mayor’s Task Force on the Homeless, Chicago, 1983-1989;Project Director for several reports on poverty issues; and Past member of three statewide councils on poverty and homeless issues (1989-1994).
I had the good fortune to work with Doug in the early 1990′s when he led a state-wide coalition against Mayor Daley’s push to get land-based gambling in Chicago. We won that fight.
I am sick of Illinois politics as we know it today! Blind abeyance to massive debt and unbalanced budgets are now the norm. This well entrenched corrupt political system has only expanded in the 39 years since my coming to Chicago in 1971.
So, I’m going to do something to work for change. I’ve decided a third party is a viable option. I’m volunteering with the Green Party doing media for the Rich Whitney candidacy for governor. Whitley is a civil rights lawyer from Carbondale is the Green Party’s candidate for governor.
In the latest poll he was at nine percent of the vote. In 2006 he received 10 percent of the statewide vote.
As you know I have been a Democrat all my life. I have voted for a few Republicans along the way. The two usual party candidates for governor are dismal at best. One, Bill Brady, the Republican was born with the word NO on the tip of his tongue. Pat Quinn the Democratic incumbent and a friend for 25 years has become a disappointment since he took over from the disgraced former Governor Rod Blagojevich. Unfortunately Pat has moved away from previous positions that had formed our friendship. He’s just another Springfield politician now.
Chicago drivers will pay a Morgan Stanley-led partnership at least $11.6 billion to park at city meters over the next 75 years, 10 times what Mayor Richard Daley got when he leased the system to investors in 2008.
Morgan Stanley, Abu Dhabi Investment Authority and Allianz Capital Partners may earn a profit of $9.58 billion before interest, taxes and depreciation, according to documents for a $500 million private note sale by their Chicago Parking Meters LLC venture. That is equivalent to 80 cents per dollar of projected revenue. Standard Parking Corp., which runs 30,000 spaces at the city’s O’Hare and Midway airports, earned 4.84 cents on that basis last year, data compiled by Bloomberg show.
The deal illustrates how Wall Street banks, recipients of more than $300 billion in taxpayer bailouts in the worst credit collapse since the Great Depression, are profiting from helping states and cities close record recession-induced deficits by selling bonds and leasing public properties. Chicago gave up billions of dollars in revenue when it announced in 2008 that it leased Morgan Stanley its 36,000 parking meters, the third- largest U.S. system, for $1.15 billion to balance its budget, said Alderman Scott Waguespack.
It’s time to declare the parking meter deal NULL AND VOID and reclaim the meters from the Wall Street insiders who got the sweetheart deal of the century (literally!).