Sunday posts, pics and tweets.

IMG_1625

4th Avenue, Brooklyn. N.Y. Marathon. Photo credit: Fred Klonsky

Increasingly, school officials throughout the country are moonlighting for education firms that sell everything from textbooks and software to professional development services.

And in many cases, these same companies are also doing business with the taxpayer-funded districts those officials oversee.

Experts say the trend is troubling. Not only does it create a conflict of interest or the appearance of one, it can also lead to something far more serious. Catalyst.

.

16098_777882872274239_6237963560564704255_n

.

In very short order, we citizens of Illinois will face the issue of whether the state of Illinois meets federal standards in meeting its “safe haven” for federal employer tax benefits after shorting the state employees.

In other words, Illinois makes a significantly lesser payment to the state workers’ retirement system than it would need to with Social Security because it meets – or used to – federal thresholds in eventual pension obligations; on the other hand, now Tier II employees pay more and get less than the expected levels.

The General Assembly shirked its first duty to fund the pensions, then put it on someone else, and now may be called into question – and they are we. John Dillon.

.

CSbCjXVXIAECjYb

.

Screen Shot 2015-11-01 at 4.20.54 PM

.

Social-impact investing is gaining more prominence as brokerages like Merrill Lynch tailor programs for investors who want to build portfolios that better reflect their values. Merrill has been selling so-called green bonds to help fund impact-investment projects such as those related to renewable energy, while also helping clients craft portfolios of mutual and exchange-traded funds that align with their values.

“We’re taking a broad view of the impact-investing space and helping the market develop. We’ll watch what clients embrace and what platforms will do well,” said Andy Sieg, head of Global Wealth and Retirement Solutions for Bank of America Merrill Lynch. “We’ll learn how to meet this demand to bring values and investment choices together for clients.” Wall Street Journal.

3 thoughts on “Sunday posts, pics and tweets.

  1. The last few years, TRS was paid the legally required amount due from the state. Rauner’s mouthpiece comptroller Munger has decided the pension payment to TRS, required by law, can be ignored. She must feel that obeying the law is not anything important, as if laws don’t apply to her.

  2. BTW, did anyone know that the shuttered Uptown Stewart School (which pushed many–if not all– its students into the very small McCutcheon School which is now, I reckon, overcrowded) was–surprise!–sold to a developer for $$$$ (to be torn down & turned into apartment bldgs. or condos–&, no, NOT low-income housing)?

  3. P.S.–For more on the Stewart story, Google the October 29th Uptown Update. It’s very telling…especially the comments. Ka-ching!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s