Tag: Chicago Public Schools
Time for Bond Investors, Especially in Chicago, To “Know What You Own”

Four U.S. cities went belly up recently, and all declared bankruptcy largely due to unaffordable government pension costs. The outcomes of these bankruptcies should make everyone think twice about lending money to cities with serious public pension debts. The graphic below shows the outcome of the municipal bankruptcies in Vallejo, Detroit, Stockton, and San...
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The “Great for Students” Chicago Teachers Strike

Only in the bizarro world of education politics would a teachers union strike that shut down schools for a week, affecting 350,000 students, be hailed as “great for students” and an exemplar of “union and management coming together to create great public schools, to make sure every single school is a school of choice.”...
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