On Monday, June 20, The Heartland Institute hosted a rare opportunity to hear one of the nation’s acknowledged leading conservatives, Stephen Moore, speak on his new book, Fueling Freedom: Exposing the Mad War on Energy, which flies in the face of the nation’s political and media love affair with climate change. The luncheon event was held at The Union League Club, in the Loop in downtown Chicago.
Why have prices fallen so low? Because government subsidies created a glut – and the market is flooded. This government money warps and distorts the marketplace – as otherwise productively-directed time and effort is instead spent chasing the government coin. Producers produce not what the marketplace needs – but for what the government pays.
In today’s edition of The Heartland Daily Podcast, Lennie Jarratt, Heartland Project Manager for Education, and Policy Analyst Tim Benson join host Donny Kendal to talk about a new Policy Brief titled “Saving Chicago Students: Strike Vouchers and SOS Accounts.”
The Chicago Teachers Union (CTU) has voted overwhelmingly to go on strike during the 2016 spring semester, with a walk-out tentatively scheduled for late March. This would be the second teachers strike in the Windy City over the past four years and would serve as a glaring reminder shame has been fully expunged from civil society.
While the vast majority of Americans say that their nation’s not headed in a good direction, there’s a minority that are optimistic about the future. Indeed, author Michael Lotus believes America’s greatest days are yet to come.
In today’s edition of The Heartland Daily Podcast, Project Manager for Education Lennie Jarratt and Policy Analyst Tim Benson join Host Donald Kendal to discuss the recently released report by the Inspector General of the Chicago Board of Education. The report showed a disturbing pattern of corruption throughout the system.
Chicago faces a significant and growing public pension problem. Instead of tackling the problem head-on by holding down cost increases, Chicago Mayor Rahm Emanuel proposes several new or expanded taxes, which he says will slow down the debt growth from the revenue end. Emanuel’s half-billion-dollar property tax hike is getting most of the headlines, but he has also been pushing for taxes on e-cigarettes, ridesharing, and cloud computing.
Chicago is facing an unprecedented budget crisis thanks to a massive increase in pension payments. In order to solve the problem, Chicago’s mayor Rahm Emanuel has proposed the largest property tax increase in city history.
Chicago’s Netflix tax took effect on September 1st and already Chicagoans are seeing the ill effects. Nine plaintiffs have filed a lawsuit challenging Chicago’s authority to tax a streaming Internet service with the 9% surcharge it typically reserves to other forms of entertainment.
Oreos have been for years made in Chicago, Illinois (and several other American cities). Mondelez International, Inc. – the company that delivers us the chocolatey, spherical goodness – announced they would make their next wave of Oreo manufacturing investment not in Chicago, but in Mexico. This move will reduce – not end – Chicago’s role in production. Jobs in the Windy City will be halved – from 1,200 to 600. (Other cities will continue their current roles.)
The Heartland Institute celebrated its Grand Opening on Friday, August 21 and Saturday, August 22 in his new building in the affluent suburb of Arlington Heights on Chicago’s Northwest side at 3939 North Wilke Road. This puts Heartland closer to O’Hare Airport – as well as to supporters and audiences who better align with “Heartland values.”
Chicago Ald. George Cardenas has proposed raising taxes on sugary drinks in an effort to correct the city’s budget woes. Last night, the effort appeared to fizzle, as community members and elected officials objected to the sin tax, noting that the tax would have little effect on both the budget and Chicago’s long-term health.
On May 12 and 13, Chicago received a series of downgrades in its credit ratings for the city itself, the Chicago Board of Education (CBE), and the Chicago Park District. The downgrades began Moody’s Investors Service’s (MIS) decision to lower Chicago’s credit rating two notches to the noninvestment-grade “Ba1” level with a negative outlook. The embarrassment continued the next day when the CBE and Chicago Park District ratings dropped three notches to junk levels.
City and state officials across the nation often use tax increases on tobacco, alcohol, plastic bags, sugary drinks, and other “sin products” to help fill their budget gaps or fund pet projects. By taxing products that some governments claim have a negative effect on society, officials are able to raid taxpayers’ wallets without having to face the same level of scrutiny that normally goes hand-in-hand with proposals to raise taxes.
Last week, Heritage Foundation President, Jim DeMint and Heritage Action for America Chief Executive Officer, Michael Needham led a discussion at Chicago’s Ritz Carlton. Their topic was “A Bold Agenda for a Better America: Taking on the 114th Congress”, as a way to deliver opportunity to all, but favoritism to none.
How has Shimer College done since the inmates took it over? A ranking of colleges published by Washington Monthly in October — based on cost of tuition, student indebtedness, and graduation rates and adjusted for the percentage of students who are minority or low-income — ranked Shimer the worst college in America.
Heartland Institute writer Paula Bolyard joins The Heartland Institute’s Budget and Tax News managing editor, Jesse Hathaway, to discuss a lawsuit filed by former Chicago Bears linebacker Hunter Hillenmeyer against the city of Cleveland, Ohio.