Tuesday, August 12, 2014

Illinois governor, opponent clash over investments

By SARA BURNETT August 11, 2014 8:17 AM 0 shares

Quinn, who releases his full returns each year, said wealthy people and corporations that use offshore investments are "not patriotic." …

"Bruce Rauner is not running for governor of the Cayman Islands," he said.

THE RESPONSE

Rauner's campaign said Quinn "should be ashamed of himself" for questioning his opponent's patriotism. Spokesman Mike Schrimpf also said Rauner — who reported making $53 million in 2012 — and his wife paid more than $25 million in taxes over the past three years.

But Rauner's campaign again declined to release further tax documentation, calling it a political stunt meant to distract from Quinn's own record. The campaign says Rauner filed for a six-month extension of his 2013 tax returns, and the return will be made public before the Nov. 4 election.

THE STATE PENSIONS

The Rauner campaign also accused Quinn of a double standard because his pension fund, as well as retirement funds for teachers and other state workers, are heavily invested overseas.

"Pat Quinn either needs to apologize to Bruce Rauner for lying about the facts or apologize to Illinois teachers and state workers for calling them unpatriotic," the campaign said. If Quinn won't apologize, it said, he should immediately move to divest all state investments from overseas companies and funds.

Quinn spokeswoman Brooke Anderson said state pension boards decide how to invest money and are independent entities. Quinn's future pension is fixed, she added.

"Governor Quinn's bank accounts are all located in Illinois, United States of America," Anderson said.

Read more by clicking on the following:  http://news.yahoo.com/illinois-governor-opponent-clash-over-investments-065435629--election.html

Labor Day parade will stay in Rockford

By Kevin Haas
Rockford Register Star
Posted Aug. 11, 2014 @ 5:15 pm
Updated at 11:18 PM

ROCKFORD — Aldermen voted Monday to authorize the Labor Day parade to march through downtown Rockford again this year after organizers warned they may hold festivities elsewhere.
City Council members voted 9-2 to approve a permit needed for the Labor Day parade that’s three weeks away. Aldermen Venita Hervey and Ann Thompson-Kelly voted against. The vote came after nearly a half hour of debate.
Aldermen balked at approving the permit last week after some objected to the $100 fee politicians are charged to march and the requirement that participants have a union sponsor in order to join the parade. Council members decided to send the issue back for committee review in hopes parade organizers may drop the fee and sponsorship requirement. But those requirements stayed and organizers warned a lack of support from the City Council could force them to hold the parade elsewhere.

Read more: http://www.rrstar.com/article/20140811/News/140819851#ixzz3ABE5hteX