Mish: Chicago Headed For Insolvency, Get The Hell Out Now!

By Tyler Durden – 11/04/2019

Authored by Mike Shedlock via MishTalk,

Chicago Mayor Lori Lightfoot and the Teachers Union reached agreement on a deal sure to send Chicago over the cliff.

The Wall Street Journal Editorial Board blasts Chicago Mayor Lori Lightfoot for her deal with the Chicago Teachers Union (CTU). The deal will further wreak havoc on the already insolvent school system.

Who will be hurt most?

The WSJ answers the question this way: Union Routs Students in Chicago.

Contract Details

  1. 16% raise over five years (not including raises based on longevity)
  2. Three-year freeze on health insurance premiums
  3. Lower insurance copays
  4. Caps on class sizes
  5. More than 450 new social workers and nurses.
  6. New job protections for substitute teachers who going forward may only be removed after conferring with the union about “performance deficiencies.”
  7. Chicago Public Schools will become a “sanctuary district,” meaning school officials won’t be allowed to cooperate with the Immigration and Customs Enforcement without a court order.
  8. Employees will be allowed 10 unpaid days for personal immigration matters.
  9. Under the new contract, a joint union-school board committee will be convened to “mitigate or eliminate any disproportionate impacts of observations or student growth measures” on teacher evaluations.
  10. Instead of student performance, teachers will probably be rated on more subjective measures, perhaps congeniality in the lunchroom.
  11. The new union contract caps the number of charter-school seats, so no new schools will be able to open without others closing.

Get the Hell Out

The WSJ commented “Michelle Obama the other day complained that white people were leaving the city to escape minorities who are moving in. No, they’re fleeing Chicago’s high taxes and lousy schools—and so are minorities.”

Chicago Public School Bond Ratings

CAP

You can kiss those positive and stable outlooks goodbye. The system is insolvent and this contract will further weaken the outlook.

Bond Rating Comparison

 

CAP

S&P already has CPS bonds in the “highly” speculative area, five steps into its junk ratings.

Pension Spiking

Chicago Teacher’s Pension is based on your years of service and a pension percentage (up to 75%), multiplied by your final average salary. Their union notes “There are ways to increase these factors to enhance your pension or meet eligibility requirements.”

Let’s Discuss Pensions

Wirepoints asks Chicago Teachers Strike: Why is No One Talking About Pensions?

The average retired CPS teacher already receives a pension of nearly $55,000 a year, according to a 2019 FOIA request to the Chicago Teachers’ Pension Fund.

However, looking at the pension of an average teacher far understates the true size of CPS pensions. The “average” benefit includes teachers who only worked a few years for CPS, which brings down the average.

To get a more accurate picture of what pensions are really worth, look at career teachers. Over half of all currently retired CPS teachers worked 30 years or more. On average, they receive a $72,000 annual pension and began drawing benefits at age 61.

In comparison, the average annual Social Security payment in Chicago is just $16,000 and the maximum benefit for someone retiring at age 62 is $26,500.

C-O-L-A Cola, la la la Payola

CAP

The average career CPS pension will grow by 3 percent, compounded annually, due to the COLA benefits teachers get. That will double a teacher’s annual benefit to over $140,000 in 25 years.

Teacher Contributions

CAP

CAP

Those projections were based on the proposed contract. The CTU held out for even more benefits and got them.

Pension Funding Level

The Chicago Tribune notes that the end of 2018, City Hall’s pension funds had only 23% of what they should have.

By 2023, Lightfoot must find an additional $989 million a year for pensions, according to the Tribune’s Hal Dardick and Juan Perez Jr. Thank you, former mayors and aldermen, for promising more pension benefits than Chicagoans could afford.

Who Will Pay?

That one is easy.

  • The kids will suffer because charter schools are reined in, grading standards lowered, and incompetents were given further projections.
  • Taxpayers will face higher property taxes, higher gas taxes, and higher sales taxes with every penny going to pensions.

Get the Hell Out

On October 5, I commented Escape Illinois: Get The Hell Out Now, We Are

Goodbye Illinois. Hello Utah. See my reasons for Utah above.

If you can’t get out of Illinois, do the second best thing, Get the Hell Out of Chicago.

By the way, Chicago is not “headed” for insolvency, it’s already there, but it is just not recognized yet.

CNN EMPLOYEE CONFESSES THAT MSM IGNORES SHOOTINGS IN ‘MINORITY COMMUNITIES’

CNN Employee Confesses That MSM Ignores Shootings In 'Minority Communities'

Chicago shootings completely dismissed while crimes committed by white people get wall-to-wall coverage

OCT 14, 2019

A CNN employee was caught in undercover video by Project Veritas admitting that the network doesn’t cover shootings in “minority communities” the way they would in a white area because it doesn’t get good ratings.

“I think that shootings in poorer areas or, um, minority communities don’t get as much coverage as if they were to happen in a white area,” Christian Sierra told insider Cary Poarch on hidden camera.

CAP

“Let’s say in Princeton, a white kid gets shot at Princeton University,” Sierra said. “He gets killed. We’re going to get coverage on that because ‘Oh my God, we have to put the little precious white boy.’”

But if minorities are shot in Newark, New Jersey, “nobody cares. Maybe unless, unless it happens in Cory Booker’s neighborhood,” he added.

The video clip, which hasn’t yet been publicly released, was shared with meme maker Carpe Donktum AKA Logan Cook by Project Veritas founder James O’Keefe on Monday.

Donktum was suspended by Twitter just minutes after posting the exclusive clip.

“@CarpeDonktum’s account has been SUSPENDED,” O’Keefe tweeted. “I spoke with Logan Cook, who I shared an exclusive CNN clip with — and his account was suspended immediately upon posting one of the clips where Christian Sierra of CNN DISCUSSING COVERAGE OF SHOOTINGS…”

CAP

As of this writing, Twitter has lifted Donktum’s suspension, and the video in question is now available.

As we’ve reported, mainstream media – including CNN – provide very little coverage of violence in urban centers like Chicago or Baltimore, which are plagued with record shootings, but they’re quick to push fake hate crimes stories nationwide before confirming basic facts for ratings.

https://assets.infowarsmedia.com/videos/2892eae3-88b9-4f26-a56a-ac8252cd3238.mov

https://assets.infowarsmedia.com/videos/2892eae3-88b9-4f26-a56a-ac8252cd3238.mov

 

At Least 34 Shot, Six Fatally, in Democrat-Controlled Chicago

Lori Lightfoot addresses guests after being sworn in as Mayor of Chicago during a ceremony at the Wintrust Arena on May 20, 2019 in Chicago, Illinois. Lightfoot become the first black female and openly gay Mayor in the city’s history. (Photo by Scott Olson/Getty Images)

By AWR HAWKINS

At least 34 people were shot, six fatally, over the weekend in Democrat-controlled Chicago.

By Sunday, August 8, 2019, at 4 pm, NBC 5 had already reported at least 29 shot, two fatally. The Chicago Sun-Times released a report Monday morning, August 9, 2019, showing the final tally at least 34 shot, six fatally.

The Times reports a man “between 40 and 50 years old” was found dead around 7 pm Sunday after having been shot in the neck.

Another Sunday death was that of a 17-year-old girl who was shot while walking down the 900 block of West 52nd Street around 9:30 pm Sunday. A man emerged from an alley, the two argued, then he shot the teenager, “three times in the head and multiple times in the upper body.”

A 49-year-old man was shot to death hours later in the city’s Austin neighborhood. The man suffered “multiple gunshot wounds to the head and one to the back.”

A 32-year-old was shot while driving just a few hours into Monday morning. As with other shootings, he was struck in the head. He then “crashed into a parked car.”

Breitbart News reported at least 41 people were shot, seven fatally, over Labor Day Weekend 2019 in Chicago.

At least 29 were shot, six fatally, over the weekend of August 23-25, 2019, in Democrat-controlled Chicago.

Breitbart News reported at least 28 were shot, five fatally, in Chicago over the weekend of August 16-18, Forty-seven people were shot, four fatality, over the weekend of August 9-11, and 53 people were shot, seven killed, in Democrat-controlled Chicago during the first weekend of August.

Illinois Leaders Warn Illegal Aliens of Possible ICE Raids

MIAMI, FL - JULY 13: Immigration advocates with the Florida Immigrant Coalition go house to house handing out fliers on July 13, 2019 in Little Havana in Miami, Florida. The Trump administration is moving forward with a nationwide immigration enforcement operation this weekend targeting migrant families. (Photo by Saul Martinez/Getty …

By Amy Furr

Government leaders in Illinois urged illegal aliens to know their rights after U.S. Immigration and Customs Enforcement (ICE) agents were reportedly seen in a Chicago neighborhood on Thursday.

“If @ICEgov tries to intimidate you or your family, know your rights,” Illinois Gov. J.B. Pritzker tweeted. “The state of Illinois refuses to coordinate with federal immigration enforcement. I signed a law ensuring local law enforcement does the same. We’re doing all we can to protect our residents.”

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Byron Sigcho-Lopez, 25th Ward alderman, tweeted that his office had received reports of ICE agents approaching businesses and homes in the Pilsen area.

“We’ve confirmed these reports with the National Immigrant Justice Center,” he said.

The reports come after ICE agents arrested 680 illegal aliens in Mississippi this week, the largest single-state raid in U.S. history, Breitbart News reported.

The individuals were arrested at seven food processing plants across six cities including Bay Springs, Carthage, Canton, Morton, Pelahatchie, and Sebastapol.

“According to federal officials, some of the hundreds of illegal aliens arrested on Wednesday have already been ordered deported by an immigration judge and have refused to self-deport. Those illegal aliens will be quickly deported,” the report said.

press release from the ICE website stated that the agency will investigate the individuals arrested on a case-by-case basis.

“In all cases, all the illegal aliens encountered as part of this operation are either being placed into removal proceedings before the federal immigration courts, and for those who already received due process and have been ordered removed, processed for removal from the U.S.,” the release said.

However, Rep. Sheila Jackson Lee (D-TX) called on President Trump during an interview Thursday to stop the raids, comparing them to the tactics of the Nazi secret police.

“I think it’s unfortunate when ICE has to be made into this kind of agency and to be an intimidator rather than an agency that has in the past made sure that we are safe in this nation,” she said.

“But when their neighbors are rounded up in a vile way, when children are left unprotected, I’m disappointed. And the president and Stephen Miller need to stop these Gestapo tactics, and we need to work together to pass comprehensive immigration reform,” Lee concluded.

2019 DATA SHOWS 51% OF MASS SHOOTERS WERE BLACK, ONLY 29% WERE WHITE

2019 Data Shows 51% of Mass Shooters Were Black, Only 29% Were White

When gang-related shootings are included, white people are underrepresented.

 |  – AUGUST 7, 2019

Data from Mass Shooting Tracker, a source widely used by the media, reveals that 51% of mass shooters in 2019 were black, 29% were white, and 11% were Latino, contradicting the media narrative that white people are overrepresented in mass shootings.

Investigative journalist Daniel Greenfield gathered the crucial data which confirms that mass shootings are not a “white man’s” problem.

He points out that while blanket media attention was focused on the shootings in El Paso and Dayton, 60 people were shot in Chicago over the weekend while Baltimore just reached its 200th murder victim of the year.

Greenfield then quotes Rep. Ilhan Omar, CNN’s Don Lemon and Newsweek, who have all claimed that white people are the biggest mass shooter threat and have carried out more mass shootings than any other group.

But that doesn’t appear to be the case for 2019.

“Looking at the data from the Mass Shooting Tracker, widely utilized by the media, as of this writing, of the 72 mass shooters, perpetrators in shootings that killed or wounded 4 or more people, whose race is known, 21 were white, 37 were black, 8 were Latino, and 6 were members of other groups,” writes Greenfield

“51% of mass shooters in 2019 were black, 29% were white, and 11% were Latino. Three mass shooters were Asian, two were American Indian and one was Arab.”

Many mass shootings in predominantly black areas that claimed black victims also remain unsolved, meaning the figures are if anything “vastly understated.”

The white population of the U.S. is around 61 per cent, African-Americans make up just shy of 13 per cent and Hispanics around 18 per cent.

Most mass shootings (where there are 4 or more victims) are gang-related shootings. By excising these shootings from the record, the media is able to pin the blame on white people.

Separate stats compiled by Statista of mass shootings between 1982 and August 2019 in the United States show that mass shootings by ethnicity and race are broadly in line with demographics, meaning white people are not overrepresented as mass shooters.

There are “no clear patterns between the socio-economic or cultural background of mass shooters,” according to Statista.

None of this matters of course because facts stopped being important years ago and everything is based on narrative and emotion.

(JUST LIKE IN BALTIMORE NOBODY CARES BECAUSE IS BLACK ON BLACK CRIME) – In Chicago 2 dead, at least 10 shot in pre-dawn city violence this weekend

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By Deanese Williams-Harris

Two men were killed and at least 10 people have been wounded since Friday night in city violence including a man and a woman who were stabbed when a 5-year-old boy was shot on the city’s South Side, Chicago police said.

In the possibly domestic-related incident involving the 5-year-old, two people were taken into police custody after a suspected brawl started in a hallway of an Englewood building in the 6700 block of South Parnell Avenue about 7:20 p.m. Friday. At one point, the boy was shot in the thigh and two adults were both stabbed.

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The most recent homicide happened shortly before 2:30 a.m Saturday in the 4600 block of West Monroe Street in the West Garfield Park neighborhood, where a 23-year-old man was fatally shot and a 28-year-old man wounded.

 

According to police, the younger man was sitting inside a vehicle and the 28-year-old was standing outside next to him when they both were shot. The younger man suffered a wound to the chest and was taken in critical condition to Stroger Hospital, where he was pronounced dead. The older man was shot in the leg and also went to Stroger, where his condition was stabilized, police said.

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Another fatal shooting happened around midnight in the Fernwood neighborhood in the first block of West 103rd Street. The victim was identified as Joshua Smith, 19, of the same block were he was killed, according to the Cook County medical examiner’s office. In the Fernwood attack, a 36-year-old man also was shot in the leg but told police he did not know the person who was killed.

In other shootings:

  • Shortly before 5 a.m. a 23-year-old man was shot multiple times in the hip in the first block of South Leamington Avenue in the Austin neighborhood. He was outside with a group of people when someone on foot opened fire, wounding him in the hip. He was taken to Stroger Hospital, where his condition was stabilized.
  • About 4:37 a.m., a 25-year-old bicyclist was shot by someone in a white Ford Focus in the 6900 block of North Ashland Boulevard in the Rogers Park neighborhood. A passerby drove the victim to Presence St. Francis Hospital in Evanston, where his condition was stabilized, police said.
  • Shortly after 3:30 a.m., two people were shot in the 9000 block of South Stewart Avenue in the Princeton Park neighborhood. Officers responding to a ShotSpotter alert found a 26-year-old man shot multiple times in the body. He was unable to talk. Another man, 25, also was shot in the leg, but he was uncooperative with police. His condition was stabilized at the University of Chicago Medical Center, but the older victim was in critical condition, police said.
  • Shortly before 2 a.m., a 39-year-old woman was shot in the 2000 block of 70th Place in the West Englewood neighborhood. Police said the victim was outside with a group of people when a person on foot fired shots, hitting her in the leg. The woman got herself to Holy Cross Hospital, where her condition was stabilized. Police said she was not the intended target.
  • About 1 a.m., a 21-year-old man was shot while he was a passenger of a vehicle in the 9100 block of South Baltimore Avenue in the South Chicago neighborhood. Someone in a passing gray vehicle fired shots, hitting the victim in the arm and leg. He was taken to the University of Chicago Medical Center, where his condition was stabilized, police said.
  • Shortly after 9:45 p.m. Friday, a 35-year-old man was shot in the 3700 block of West George Street in the Logan Square neighborhood on the Northwest Side. Police said he was standing in the alley when he heard shots, then felt pain. He was taken with a wound to the leg to Advocate Illinois Masonic Medical Center, where his condition was stabilized.
  • Shortly after 7:15 p.m., a 19-year-old man was walking in an alley in the 1900 block of South Millard Avenue in the Lawndale neighborhood when someone pulled out a gun and started shooting in his direction. He was struck twice in the lower back and was taken in critical condition to Mount Sinai Hospital, police said.

(BALTIMORE HAS A RAT PROBLEM, HERE IS OUR PROBLEM IN CHICAGO) – Satan Disciples member fatally shot man, dog in Back of the Yards after mistaking him for member of rival Latin Saints gang: prosecutors

Jamil Al Shaubi and his dog were killed in 2016 after he was mistaken for a member of the Latin Saints while walking in Back of the Yards.

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By Matthew Hendrickson

A 19-year-old member of the Satan Disciples street gang has been accused of fatally shooting a man walking his dogs in Back of the Yards after mistaking his target for a member of the Latin Saints.

Hector Aguirre faces a charge of first-degree murder in the death of 25-year-old Jamil Al Shaubi, who had no gang affiliation, but happened to be walking in Latin Saints territory on Dec. 26, 2016, Cook County prosecutors said at a hearing last week.

The shooting is believed to be retaliation for a Satan Disciples member killed by the Latin Saints earlier that month, according to prosecutors.

Aguirre, believing Shaubi was a Latin Saints member, got out of a stolen Jeep Commander as Shaubi walked with two dogs in the 4400 block of South Hermitage; Aguirre then fired 16 shots with an assault-style rifle, prosecutors said at the hearing Thursday.

Shaubi was struck three times, including in his chest; one dog also was killed, prosecutors said.

After the shooting, captured by video surveillance, Aguirre got back in the Jeep and fled. The SUV was found burning an hour later in the 5100 block of South Hoyne.

In addition to the surveillance footage, a witness identified Aguirre as the gunman and another witness allegedly heard Aguirre talk about shooting a man with his dogs in front of a convenience store in the block.

Prosecutors said the rifle used in the shooting had been recovered from the home of another Satan Disciples member, who is believed to have driven the Jeep the night of the shooting.

At the time he was charged with Shaubi’s murder, Aguirre was serving a 10-year sentence at the downstate Pickneyville Correctional Center for aggravated battery with a firearm in a separate shooting he was found guilty of last year, according to prosecutors and state records.

Judge Susana Ortiz denied Aguirre bail at the hearing on the new charge and scheduled his next court date for Aug. 13.

 

(BALTIMORE, CHICAGO BEAT YOU AGAIN!) – Weekend Shootings Roundup: 8 killed, 40 hurt in weekend gun violence across Chicago

Two women were killed in a triple shooting in Gresham, and a 12-year-old girl was among three people who were shot on a porch in Englewood.

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At least 48 people were shot — eight fatally — in incidents of gun violence within city limits over the weekend.

Shootings escalated as the weekend went on: Nine people were wounded Friday after 5 p.m., 15 were shot Saturday and Sunday saw 24 people shot.

On Sunday, a 3-year-old boy died from what Chicago police said may be an accidental gunshot wound in South Deering.

Family members told police they were in another room in the 9600 block of South Escanaba when they heard a gunshot at about 4:15 p.m., CPD spokesman Anthony Guglielmi said. They rushed to see what happened and found the boy with the gun. He suffered a gunshot wound to the face, police said.

Family members took the boy to Trinity Hospital where he was pronounced dead, Guglielmi said.

The Cook County medical examiner’s office hasn’t provided details about his death.

The Department of Children and Family Services has been called in to assist police investigations, Guglielmi said.

The weekend’s latest fatal gun violence incident happened a few hours earlier in Lawndale on the West Side.

Officers responded to a ShotSpotter alert about 4:59 a.m. in the 3200 block of West Douglas Boulevard, police said. There, they found a 24-year-old man with multiple gunshot wounds, including to his face and head.

He was pronounced dead on the scene, police said.

On Saturday, another man was found shot to death a few blocks away in the same neighborhood.

About 8:20 p.m., Curtis Davis was sitting in a vehicle in the 4000 block of West Grenshaw Street when he was shot in the back of the head, police and the Cook County medical examiner’s office said. He was pronounced dead at the scene.

A few hours earlier, a man was discovered fatally wounded in a home in Park Manor on the South Side.

Officers found Eric Hamilton Jr., 29, inside the home about 2:30 p.m. in the 6700 block of South Wabash Avenue with a gunshot wound to his forehead, authorities said. He was pronounced dead at the scene.

Just after dawn, a man was killed in University Village on the South Side near the University of Illinois at Chicago campus.

Officers responded to a call of a person shot about 7:10 a.m. in the 1300 block of South Blue Island Avenue and found a man who had been struck multiple times, Chicago police said.

The man, who was thought to be between 18 and 20 years old, was pronounced dead on the scene, police said.

The Cook County medical examiner’s office did not immediately provide details about the fatality.

About three hours earlier, a man was shot and killed in Englewood on the South Side.

Officers responded about 4:07 a.m. to the 5600 block of South Loomis Boulevard for a call of shots fired and found Robert Scott, 32, with a gunshot wound to the head, authorities said.

He was taken to the University of Chicago Medical Center where he was pronounced dead, police said.

On Friday, a man was fatally gunned down in Austin on the West Side.

Desmond Curry, 28, was standing next to a vehicle about 11:38 p.m. in the 700 block of North Waller Avenue when an unknown number of males approached him on foot and opened fire, police and the medical examiner’s office said. He was hit multiple times in the body.

He was taken to Stroger Hospital where he later died, police said.

Another man, 30, was also struck by gunfire, police said. He was walking on the sidewalk when shots rang out and was hit in the back. He was taken to Loyola University Medical Center where his condition was stabilized.

Earlier, two women were killed and a man was wounded in a triple shooting in Gresham on the South Side.

Officers responded to a ShotSpotter alert about 10 p.m. in the 7500 block of South Stewart Avenue and found the women suffering from gunshot wounds, police said.

Chantell Grant, 26, and 35-year-old Andrea Stoudemire were struck in the chest and taken to the University of Chicago Medical Center where they were pronounced dead, authorities said.

A man, 30, was hit in the arm and took himself to St. Bernard Hospital in good condition, police said.

There were no reported shootings Monday morning before 5 a.m.

At least 30 others were hurt in gun violence incidents over the weekend across Chicago.

Last weekend, shootings left three dead and 40 others wounded.

Read more on crime, and track the city’s homicides.

ERICA THOMAS HATE HOAX IMPLODES: WITNESS CLAIMS STATE REP. TOLD MAN “GO BACK WHERE YOU CAME FROM” — NOT THE OTHER WAY AROUND!

Erica Thomas Hate Hoax Implodes: Witness Claims State Rep. Told Man “Go Back Where You Came From” -- Not The Other Way Around!

Democrat state rep’s narrative crumbles as more witnesses come forward

By Adan Salazar

A witness at the Publix supermarket where State Rep. Erica Thomas (D-Ga.) claims she experienced racism says she heard Thomas use the words “Go back where you came from,” but did not hear those words stated by the man Thomas is accusing.

A brief re-cap: Last week, Georgia lawmaker Erica Thomas filmed a video after claiming she was involved in a racist supermarket dispute at the Publix 10-item-or-less checkout line where she was confronted by shopper Eric Sparkes. Thomas says Sparkes allegedly told her to “Go back where you came from,” but she later retracted that claim, saying he said something along those lines.

Now a witness working at the store has told the Cobb County police the exact opposite happened – that she instead heard Thomas telling Sparkes to “Go back where you came from!” according to the Atlanta Journal-Constitution.

“A Publix employee told a Cobb County officer that she witnessed part of the conversation and heard Thomas ‘continuously tell Eric Sparkes to “Go back where you came from!”’ but did not hear Sparkes utter those words to Thomas,” the Journal-Constitution reported Tuesday.

Sparkes admits he did indeed use profanity when confronting Thomas, calling her a “selfish little (expletive)” after she brought too many items into the express lane, but has denied telling her to “go back,” asserting he identifies as a Democrat also happens to be Hispanic.

In her initial video, which sparked the controversy, Thomas claimed she was confronted by a racist white man who used language similar to that used by President Trump in a recent tweet.

“This white man comes up to me and says, ‘You lazy son of (expletive). You need to go back where you came from,’” Thomas claimed, as she cried. “Sir, you don’t even know me. I’m not lazy. I’m nine months pregnant.”

Thomas later walked back those statements in an interview with local media: “He said, you know, ‘Go back,’ those types of words. I don’t wanna say he said, ‘Go back to your country,’ or ‘Go back to where you came from,’ but he was making those types of references.”

In the same interview she admitted she told Sparkes to “go back.”

Sparkes, who is of Cuban descent, has maintained Thomas was lying from the start and that he never told her to “Go back.”

“Her words stating on Twitter, and her video, stating I told her she needs to go back where she came from are untrue,” he said.

The incident has resurrected raw sentiments surrounding the Chicago hate hoax perpetrated by Empire actor Jussie Smollett, of whom Thomas was evidently a big fan.

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Police are not expected to file charges against either party.

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