bailout

Government cutting special deals for special friends – is always obnoxious, obnoxiously bad policy.

Will Greece avoid financial disaster one more time by somehow pulling one more rabbit out of a hat? It seems unlikely, but we shall know fairly soon

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.