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Credit Rating Research Details Illinois Pension System Problems

The state of Illinois finds itself worst in the nation when it comes to pension liability, according to a new report from Moody’s Investors Service. The national credit rating agency conducted a study on each state’s pension liability, as calculated as a percentage of state revenue. The Prairie State’s three-year average pension liability, as a percentage of revenue is 258 percent—nearly 60 percent higher than the pension liabilities of the next worst state, Connecticut. In 2012, Illinois’ one-...

Prosecutors Seek Restart of Wisconsin ‘John Doe’ Probe in Appeals Court

Wisconsin prosecutors have pursued an aggressive “John Doe” investigation into free-speech issues for more than two years, seeking evidence of illegal political coordination between conservative organizations and politicians. Appeal judges heard opening arguments in one activist's attempt to seek compensation from the prosecutors, whom he argues are attempting to quash political speech with which they disagree. Earlier this year, a U.S. District Court issued an injunction terminating the probe...

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