The administrators who run Chicago Public Schools, the taxpayers who fund the district and CPS parents have a real mess on their hands. CPS is facing a $500 million budget shortfall for the 2015-16 school year alone. Altogether, the district is over $1 billion in the hole, and the debt CPS is carrying has been labeled “junk” by Fitch Ratings, Moody’s and Standard & Poor’s.
For months, now, the mass media and the financial markets have anxiously watched and waited to see the outcome of a war of words, accusations, and threats that have been fought between Greece and its Eurozone and European Union partners.
In this episode of the Budget & Tax News podcast, Jesse Hathaway, managing editor of Budget & Tax News speaks with James Roberts. Roberts is an economic research fellow at the Heritage Foundation. Roberts joins Hathaway to talk about Greece’s economic collapse, the “Grexit,” and how problems in the European Union may effect Americans.
A Chicago Tribune headline of Wednesday, April, 20, 2015, “Study: Exelon Aid Could Cost $1.6B”, told of an Exelon-backed bill, framed as supporting clean energy production, that could benefit Exelon’s nuclear plants, while costing ratepayers an additional $1.6 billion on their electric bills through 2021. The bill was cited as “a corporate bailout” by critics.
Fresh off a $2 billion profit in 2014, utility giant Exelon is attempting to strong-arm the Illinois legislature into placing new restrictions on lower-cost electricity competitors. If Illinois lawmakers don’t meet Exelon’s demands, it is threatening to shut down operations at three of its six Illinois nuclear power plants.
On January 6, Heartland Institute Research Fellow Jesse Hathaway joined Genesis Communications Network’s Charles Butler to talk about how taxpayers lost billions of dollars on the U.S. Treasury Department’s bailout of banks and automobile manufacturing companies several years ago.
Competitive Enterprise Institute senior fellow John Berlau joins The Heartland Institute’s Budget & Tax News managing editor Jesse Hathaway to talk about the U.S. Treasury Department’s recent announcement that the “auto bailout” portion of the Troubled Asset Relief Program (TARP) had officially ended with the final repayment of taxpayer-funded loans to Ally Financial, formerly known as GMAC.
Managing Editor of Health Care News, Sean Parnell, talks with a Fellow at the National Center for Policy Analysis, John Graham, in today’s Heartland Daily Podcast. In this episode, Parnell and Graham discuss a few health care related issues that have been in the news recently.
Here’s the question for you, dear conservative and libertarian readers: Would you now consider buying a GM vehicle if its prior government ownership was a negative factor for you in the past?
On the campaign trail, President Obama claimed that $50-billion-bailed-out General Motors (GM) was back — as the globe’s top car seller. The president was saying this long after it stopped being[…]
My colleague at The Heartland Institute, Eli Lehrer wrote a rather controversial op-ed for the Weekly Standard recently arguing that “Pensions Aren’t the Problem.” Eli’s piece makes some good points[…]
Wow! Money to Japanese and European car companies. Money to banks from Bahrain to Bavaria. Money to the wives of wealthy and politically connected financiers. The information buried in the[…]
American Spectator‘s Shawn Macomber has an interview up today with Fox Business reporter Charlie Gasparino, who has written what looks like a fascinating look inside the back room interaction between[…]