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One of the most exciting ideas in "Chicago Is Not Broke" is the idea of a public bank for Chicago. The model is the Bank of North Dakota, founded in 1919. How did that happen? Listen to this podcast from the Institute for Local Self Reliance from their "Building Local Power" podcast series.

 
 
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Crooked cops. A crooked prosecutor. A crooked judge. Files sitting in a basement for decades. Welcome to Chicago's corrupt law enforcement system! Read the story in the Chicago Tribune.

 
 
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A federal grand jury has indicted City of Chicago Alderman WILLIE B. COCHRAN on charges he pocketed money from a charitable fund that was intended to help families and children in his South Side ward.

The 15-count indictment alleges that Cochran used money from the 20th Ward Activities Fund to pay his daughter’s college tuition and to finance his gambling expenses, as well as to purchase items for use in his home. The indictment also charges Cochran with extorting money from a lawyer and a liquor store owner in exchange for Cochran’s aldermanic support.

The indictment was returned Tuesday in federal court in Chicago. It charges Cochran, 64, of Chicago, with eleven counts of wire fraud, two counts of federal program bribery, and two counts of extortion. An arraignment date has not yet been set...The charges in the indictment are punishable by a total maximum sentence of 280 years in prison. Read press release and full indictment: http://tinyurl.com/Federal-indictment-Cochran

 
 
Jamie Kalven
"Chicago Is Not Broke" author Jamie Kalven made the cover of The Chicago Reader's "People Issue." Read the interview here.