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Leid Stories – 04.06.15

Winds of Change in Chicago?: Rahm and “Chuy” Race to A Historic Finish It’s the eve of a historic election in Chicago, the first time an incumbent mayor has been forced into a runoff since the city adopted nonpartisan elections 20 years ago. The Windy City bristles with anticipation about the outcome. Even as Mayor Rahm Emanuel and his challenger, …

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How Wall Street Used Swaps to Get Rich at the Expense of Cities

Yves here. This post by Ed Walker provides a detailed description of how badly municipalities have been fleeced when they bought interest rate swaps from Wall Street as part of financings. It isn’t simply that these borrowers were exploited, but that the degree of pilfering was so extreme that the financiers clearly knew they were dealing with rubes and took …

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Rahm Emanuel, the Face of Democratic Fascism, Deserves to Lose

hicago’s mayoral election may look like a local event, and the media mostly cover it as a local event, but the presence of a large, diverse, and energized opposition demanding change on basic issues of fairness and justice gives the city’s local result a potentially important, totemic meaning for the country. The outcome of the April 7 runoff election, which includes 40% …

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Leid Stories – 03.02.15

Nukes & Reactionaries: Boehner, Netanhayu and the Real Nuclear Threat Chicago Hope: “Chuy” García’s Historic Challenge to Big-Money Politics Download this episode (right click and save) Attempting to lessen the presumed impact of Prime Minister Benjamin Netanhayu’s barnstorming speech before Congress tomorrow, the White House has published a brief touting “5 Things You Need to Know About the U.S.-Israel Relationship Under …