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Rahm Emanuel

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Quick Hit
by Ellyn Fortino
3:07pm
Thu Jul 7, 2016

Chicago Activists, Lawmakers Deliver Petitions To SEC For Action On 'Toxic' Interest Rate Swaps (VIDEO)

Chicago community activists and local elected officials delivered 88,000 petition signatures to the U.S. Securities and Exchange Commission's (SEC) regional office Thursday morning, urging the agency to investigate complex financial agreements called interest rate swaps.

Those who delivered the petition signatures, collected online by the Grassroots Collaborative and several other organizations, say cash-strapped local and state governments are being squeezed by the "toxic swaps" they entered into with banks before the Great Recession. The complicated deals, which come with hefty penalties and termination fees, were intended to save taxpayer-backed organizations money, but they backfired when the economy crashed.

PI Original
by Ellyn Fortino
5:31pm
Wed Jun 22, 2016

Chicago City Council Passes Paid Sick Leave Ordinance, Regulations On Sharing Services

From paid sick days to regulations on popular sharing services like Airbnb and Uber, Progress Illinois rounds up highlights from Wednesday's Chicago City Council meeting.

PI Original
by Ellyn Fortino
3:47pm
Thu Jun 16, 2016

Chicago Workers Cheer Committee Passage Of Paid Sick Time Ordinance

Chicago workers burst into cheers Thursday after a city council committee advanced legislation to make earned paid sick leave a requirement in the Windy City.

PI Original
by Ellyn Fortino
2:18pm
Tue Jun 14, 2016

Chicago Housing Authority CEO Lauds Progress On Controversial Plan For Transformation, Advocates Remain Skeptical

Chicago Housing Authority CEO Eugene Jones, Jr. spoke at the City Club of Chicago Monday afternoon, detailing the agency's progress toward reaching a key goal under the original Plan for Transformation and lauding the agency's success. But some housing advocates are not that impressed.

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