Recent Comments

Posted by warmowski on 02/20/2015 at 5:32 PM

Re: “Daley who? Rahm, City Council candidates downplay their ties to the political dynasty

Check out the historic Maureen Sullivan campaign here:

18 likes, 12 dislikes
Posted by warmowski on 01/19/2015 at 11:33 AM

Re: “Rahm's first commercial turns a community victory into a personal victory

Remember: Rahm Emanuel cared SO MUCH about closing those plants...that he had plant protesters arrested in his first year in office.…

11 likes, 3 dislikes
Posted by warmowski on 11/23/2014 at 9:08 AM

Re: “Rahm still hasn't told the public why he closed mental health clinics

Mike, that's one of the dumbest things I've ever read, because it somehow manages to be illiterate three times: in business, in civics and in left politics.

Business: Privatization only targets programs that have significant public funding or cash flows. Without that funding, the executives the mayor brings in (from the same wealthy suburbs he's from) have no easy, captive profit to attach their mouth parts to and suck dry.

Civics: The idea that the clinics' role of keeping poverty-stricken people from killing themselves is seen by anybody as a potential profit center is just ridiculous. These clinics were low-hanging fruit for Rahm - he gambled that only the easily ignored poor would squawk, and is almost getting away with it.

Left politics: Absolutely nobody on the genuine left cheered the shutdown of these clinics. Zero. Nobody.

20 likes, 1 dislike
Posted by warmowski on 07/31/2014 at 8:30 AM

Re: “Aldermen Solis and Munoz reveal the truth about politics in Chicago

@ The original IAC:

Clearly not enough people understand what infrastructure CBOT has laid and utterly depends upon to do business. Not just historically, but more recently, these requirements are enormous. Much in the same way the historic crossroads/hub nature of Chicago drew commodity futures and options trading to center itself here in the first place, this industry requires bandwidth, liquidity, legal service of a very particular culture, and a very elite core of traders, trading execs and support staff who must manage relationships, make markets and live in the manner to which they are accustomed. Zero of these things exist outside of world-class cities, sorry.

As far as wringing your hands about the suburbs: a huge percentage of CBOT staff already live in the expensive suburbs. When this is news to someone, I know I'm not dealing with a person experienced in this business.

These suburbs, along with the gold coast and South Loop high rises are the major lifestyle draw and always have been for most financial services execs in the commodities markets. And they're just not something Indiana, Ohio, Pennsylvania, Iowa, Minnesota, ad nauseam have to offer. At all.

Additionally, the CBOT is not a "major trading firm". It is one entire market that such firms are here to trade in. And the proposal is to tax that market's transactions. Any such proposal would simply be passed on to the position holders.

In the meantime, the state and the city have given tax break after tax break to these financial giants. It's time to stop pretending that there are Chicagos all over the country for these people to run away to. End the corporate welfare handed to billionaires, and even further, end their free ride already.

6 likes, 1 dislike
Posted by warmowski on 07/08/2014 at 11:08 PM

Re: “Aldermen Solis and Munoz reveal the truth about politics in Chicago

The idea that the CBOT will leave Chicago if the city or state put a tiny tax on its transactions is nothing more than demented nonsense. Have you met any of these traders or workers? I have, and not one of them would entertain living or working in a dump such as Indiana, especially not when any such tiny tax would simply be passed on to the position holders.

When people conceive the relocation of a financial citadel from a financial capital to points unknown as a real, easy possibility, they are either a) illiterate about finance b) illiterate about institutional psychology, or c) employed by a right-wing "free market" think tank actively promoting a race to the bottom for ordinary people. In every case, they should be ignored.

9 likes, 2 dislikes
Posted by warmowski on 07/08/2014 at 10:23 AM

Re: “An Honest love letter to Chicago arts

The worlds of music and poetry were changed forever by Charles Ives and Wallace Stevens, both lifelong insurance executives.

The tension between self-expression and exploration on the one hand, and on the other, the earning of a comfortable living, is no significant tension at all for many gifted and influential artists who achieve both separately through hard work and dedication. Mundane work enables sublime work all the time.

What is thankfully missing from the careers of these special double-duty artists is any obeisance to the social structures and impresario-types that embed themselves into the creative world. Since these dependent people tend to be artless and kind of tedious (or at their worst, destructive) it is quite an advantage to never need them.

1 like, 0 dislikes
Posted by warmowski on 01/24/2014 at 7:12 PM

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