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PI Original
by Angela Caputo
5:25pm
Wed Nov 12, 2008

Countrywide Accord Paves Way For More Loan Remodifications

Economy

Last month, Illinois Attorney General Lisa Madigan won a lawsuit that forced Countrywide Financial to establish an aggressive
loan modification program to help an estimated 21,000 people in
Illinois facing foreclosures.  At the time, she described it as a "model that
...

PI Original
by Josh Kalven
2:58pm
Wed Nov 12, 2008
1 comment

Rahm Looking For A "Seat-Warmer"?

IL-5

The list of Democrats rumored to be considering bids to fill Rahm Emanuel's 5th District seat has now grown well past a dozen.  Today, Crain's Greg Hinz dropped this monkey wrench into the process:

Meanwhile, there’s an intriguing wrinkle in the race for Mr. Emanuel’...

PI Original
by Josh Kalven
2:36pm
Wed Nov 12, 2008

Illinois' Biofuels Future

Environment

On WTTW's Chicago Tonight yesterday, Rich Samuels filed an excellent report on the efforts in Illinois to develop "cellulosic" sources for biofuel, which are more efficient and environmentally-friendly than corn.  Here's an excerpt in which Samuels talks to the ...

PI Original
by Adam Doster
1:16pm
Wed Nov 12, 2008
1 comment

Union Voters And Card Check

Congress

If the Democratic leadership pushes the Employee Free Choice Act next year, it could be the nastiest political fight
of Barack Obama's first term.

The bill would make it easier for
employees to form unions by allowing them to sign cards authorizing union
...

PI Original
by Angela Caputo
11:48am
Wed Nov 12, 2008
2 comments

A Growing List Of Reasons For A Progressive Income Tax

State Legislature

Over the course of the year, we've repeatedly pointed out that adopting a progressive income tax structure -- in which high-earners are taxed at a higher rate -- would do
wonders to stabilize Illinois' flagging economy. 

Here are a few reasons why: schools could be ...

PI Original
by Angela Caputo
3:57pm
Tue Nov 11, 2008

Growing Green Collar Jobs

Environment

It's taken a devastated economy and years
worth of job losses to get here, but politicians, business owners, and everyday Americans seem to finally be joining the conversation about how creating "green-collar" jobs is
key to repairing the nation's economy...

PI Original
by Josh Kalven
3:18pm
Tue Nov 11, 2008

Inauguration Inundation

Barack Obama

I don't about the rest of you, but I've heard a lot of people -- from good friends to strangers on the bus -- say in recent days that they plan to attend Barack Obama's inauguration in January.  Apparently, the unprecedented interest is creating a flood of requests at our ...

PI Original
by Adam Doster
2:36pm
Tue Nov 11, 2008
2 comments

Revenues Low, Need For Stimulus High

Rod Blagojevich

Angela highlighted it in the Early Bird, but it's worth emphasizing how little tax revenue the state is actually collecting. Since July, each of Illinois’ key revenue generators --  the individual income tax, corporate income tax, and sales tax -- have come in far below ...

PI Original
by Josh Kalven
12:20pm
Tue Nov 11, 2008

Plouffe: "Our Campaign Was The Art Of The Possible"

Barack Obama

In the hours after Barack Obama delivered his victory speech in Grant Park last Tuesday, four of his top advisors -- David Axelrod, David Plouffe, Robert Gibbs, and Anita Dunn -- all sat down with CBS News' Steve Kroft to discuss the campaign.  The strategists talked about ...