In 2002Rod Blagojevichbecame the first Democrat to be elected governor in more than 25 years; he was reelected in 2006. In November 2008 Illinois’s junior U.S. senator, DemocratBarack Obama, was elected president of theUnited States. One month later Blagojevich was arrested on federal corrupt...
Footnote 1 Banks and credit unions are exempt from the rate ceiling.Footnote 2 We study the effects of Illinois’s 36% interest-rate cap on borrowers using a specific loan product: unsecured installment loans. We use credit bureau data over four consecutive quarters, Q4 2020 through Q3 2021,...
Illinois Civil Unions Complicated by Federal DOMA and Potential DOMA RepealTodd A. Solomon
The depositing of the investment portfolio in state banks and credit unions is part of the effort to ease the credit crunch and improve state earnings. Under the program, approved banks and credit unions can request state deposits at market rates which are published on the treasurer's Web ...
, Illinois this year became the first state ever to retreat from school choice (18 have created or expanded choice programs since 2023), killing, to please teachers unions, a small tax-credit scholarship program that served mostly poor and minority pupils. …although Illinois spends almost $24,...
Truman signed into federal law the Employment Act of 1946. The act in part declared a continuing policy and governmental responsibility of maximum employment, production, and purchasing power [Pictured: American soldiers arrive in New York from Europe circa 1945.] 1947: National Security Act U.S....
Truman signed into federal law the Employment Act of 1946. The act in part declared a continuing policy and governmental responsibility of maximum employment, production, and purchasing power [Pictured: American soldiers arrive in New York from Europe circa 1945.] 1947: National Security Act U.S....
New Notice Requirements.Employers are required to provide a “pre-adverse action notice” and “final adverse action notice” to any individual subject to an adverse employment decision on the basis of criminal history. While the federal Fair Credit Reporting Act already requires these notices when ...
The Chicago Board of Education in November approved one promising to protect its students from Immigration and Customs Enforcement (ICE) officials, noting the school district will not assist the officials with "the enforcement of federal civil immigration law." Additionally, the Des Moines School ...
Illinois Brings Back Its Estate Tax.Legislation to close an estimated $15 billion state budget gap has put Illinois’ estate tax back on the books after a one-year hiatus. The Illinois levy applies at rates up to 16 percent to estates over $2 million. The federal estate tax, which also ...