Months after Chicago Mayor Rahm Emanuel said budget constraints forced him to push for pension cuts and mass school closures, an analysis of government documents reveals the city has $1.71 billion in special accounts often used to finance corporate subsidies. While the Emanuel administration has rejected open records requests for details of the subsidies, evidence suggests at least some of them have flowed to companies connected to Emanuel’s campaign donors.
The analysis conducted by the TIF Illumination Project evaluated the city’s 151 tax increment financing, or TIF, districts, which divert a share of property taxes out of accounts obligated to schools and into special accounts under the mayor’s control.
Continue reading Rahm Emanuel Cuts Schools, Pensions While Preserving Fund For Corporate Subsidies
Monthly Archives: August 2014
Faces of Neoliberalism: The War on Teachers | PartII
WASHINGTON — Every day throughout the summer of 2006, seemingly without end, things just kept getting worse for Washington Republicans. Iraq was spiraling out of control, President George W. Bush was at the depth of his unpopularity. Congressional Republicans were mired in scandal. One was even caught sending dirty instant messages to young boys.
What followed was the Democratic wave of 2006, which handed Congress to Harry Reid and Nancy Pelosi, followed by a second wave ridden by Barack Obama into the White House. Pundits talked about the end of the Republican Party, or at best, a permanent rump status.
Continue reading Faces of Neoliberalism: The War on Teachers | PartII
America’s 10 Most Hated #Banks | Mother Jones
According to the Consumer Financial Protection Bureau, these financial institutions draw the most complaints.
| Tue Jul. 29, 2014
If you put out a complaint box for customers of US banks and financial firms, you will get hundreds of thousands of complaints. That’s what the Consumer Financial Protection Bureau—which was set up by Elizabeth Warren before she became a US senator—has discovered. And the bank that has drawn the most complaints is Bank of America. Wells Fargo, JPMorgan Chase, and Citibank were other top targets of consumer wrath.
Continue reading America’s 10 Most Hated #Banks | Mother Jones
Cookbook Shows How To Eat Well On A #FoodStamp Budget | NPR
By Molly Roberts
When Leanne Brown moved to New York from Canada to earn a master’s in food studies at New York University, she couldn’t help noticing that Americans on a tight budget were eating a lot of processed foods heavy in carbs.
“It really bothered me,” she says. “The 47 million people on food stamps — and that’s a big chunk of the population — don’t have the same choices everyone else does.” Continue reading Cookbook Shows How To Eat Well On A #FoodStamp Budget | NPR