Results tagged “resolution”

Fox 32 is reporting Michael Jackson's father Joe Jackson, as well as other unnamed family members, will be at tomorrow's memorial for the dead pop singer at Gary, Indiana's baseball stadium. Meanwhile, that House resolution for Michael Jackson? Nope, not gonna happen.

With the 50 percent admission hike coming to the Art Institute of Chicago in a little over a month, Ald. Ed Burke has forced through a resolution (via the Finance Committee) that would force the Art Institute to charge locals a reduced admission fee. Burke has previously threatened the AIC over the admission hike, but the problem is, as the Trib points out, that the City Council has no authority over the Park District Board, which sets the admission fees, so any passage of the resolution would be moot. [Tribune]

Just a few weeks ago, the Chicago Reader brought us the terrific and comprehensive look at Mayor Daley's controversial parking meter privatization plan. Now, the Reader's Mike Dumke brings word that several aldermen aren't too pleased with what was uncovered. According to Dumke, Ald. Joe Moore (49th) and four other aldermen are planning to introduce a resolution this week that will call for hearings to examine the process by which the agreement was made. Dumke points out that Moore and two other sponsors of the resolution - Ald. Ric Munoz (22nd) and Ald. Manny Flores (1st) - all voted for the deal initially. Moore told The Reader, “It’s a vote I’ve come to regret. I don’t know if we can overturn the agreement, but certainly we can shed light on the implementation of it, which has been abysmal. I think this was a consequence of the rush to get this through.”

Mayor Daley has many nicknames among Chicagoans, but we're going to start referring to him as The Harbinger of Doom. Daley announced that he has been informed by several CEOs to expect massive layoffs in the city's private sector as the nation's current economic recession deepens. "Huge layoffs are coming in November and December. And next year, there’s going to be [even more] huge layoffs. All the corporation CEOs have come in to tell me. That’s just the beginning. It’s not their end result." Oh, and that $420 million budget hole the city is facing? Turns out that's not the only bad news we're facing.

The Chicago Sun-Times reported last week that Chicago will close the book on 2008 with an unreserved corporate fund balance of just $1.5 million, a dangerously low level that, Wall Street Rating agencies warned, threatens the all-important bond rating used to determine borrowing costs.

Continue reading "Daleyist: Layoffs, Clout, and Iraq"