Submitted by Michael Lucci via IllinoisPolicy.org,
Illinois has record loss of 114,000 residents to other states in 2016 as population shrinks by 37,500.
For those following today's Electoral College vote, here is the latest vote tally as of 3:15pm ET:
So far that's in line with That's right in line with the results in the 26 states that have already cast their official Electoral College votes. On election day, Trump won 306 electoral votes on Election Day to Clinton's 232.
Anyone who has ever invested in distressed securities is intimately familiar with the many games that companies play to avoid a bankruptcy filing. The easiest game, and the most obvious red flag for investors to spot, involves stretching out payables and managing down receivable days to build cash so you can live to fight another day. While this may provide a temporary cash boost, it's typically the beginning of the end as vendors simply move payment terms to COD and the game quickly comes to an end.
In yet another twist in the Chicago pension saga, Illinois lawmakers voted to override a veto by Governor Bruce Rauner and allow the city to defer payments to fund pensions.
While the warning flags are raging in Illinois and Connecticut, JPMorgan's Michael Cembalest states that New Jersey's problems are "not mathematically solvable." The stunning admission from a status-quo-sustaining bank that is “very focused on the total indebtedness of US states," should be worrisome enough but as Cembalest explains the answer to a debt problem is not always piling up more debt; the issue is to address the root of the problem, which can be a delicate and at times politically incorrect topic.