Skip to content
Search

Latest Stories

Follow Us:
Top Stories

Trio of cities advance anti-corruption measures

The government reform movement is gaining traction in some of America's biggest cities. Corruption investigations involving public officials in Chicago, Baltimore and Los Angeles have prompted changes, or proposed changes, to everything from campaign finance rules to the authority of individual city council members.

On Monday, Lori Lightfoot was sworn in as Chicago's new mayor and immediately called for changing the culture of what has long been considered one of the most corrupt cities in the country. In her inaugural address, Lightfoot acknowledged that "putting Chicago government and integrity in the same sentence is ... well ... a little strange."

"For years, they've said Chicago ain't ready for reform," she said. "Well, get ready because reform is here."

The former federal prosecutor's first action was to sign an executive order ending the practice of aldermanic prerogative, which gave each council member control over almost every action by a city department in his or her district. Also called aldermanic privilege, the issue came to the forefront earlier this year when longtime Alderman Edward Burke was charged with attempted extortion for allegedly trying to shake down two businessmen seeking to renovate a Burger King in his ward.


Lightfoot said aldermen would still have power to help people in their neighborhoods. "It simply means ending their unilateral, unchecked control over every single thing that goes on in their wards," the new mayor said. "Alderman will have a voice, not a veto."

Here are reforms being considered in other major cities:

Baltimore: The City Council is considering a proposal to allow for removal of the mayor with the approval of three-fourths of its members. Now, the mayor can only be removed after being convicted of a crime. The proposal, which would require approval by the council and then by voters in a referendum, was prompted by the initial refusal of Mayor Catherine Pugh to resign in the wake of a growing scandal over hundreds of thousands of dollars' worth of books she wrote. Pugh, who had been on leave citing health problems, resigned May 2.

Los Angeles: A City Council committee gave initial approval in April to a ban on developers contributing to local elections if they have projects pending before the city. It is thought to be the first ban of its kind in the country. The full council will take up the issue Thursday, considering a motion that would direct the city attorney to draft an ordinance and for the convening of town hall meetings on the subject. The council is responding to an FBI investigation reportedly looking into evidence of bribery, extortion and money laundering involving real estate investors, city politicians and their aides.


Read More

Close up of stock market chart on a glowing particle world map.

A hidden financial crisis is emerging as private credit funds like BlackRock’s HLEND and Blackstone’s BCRED freeze withdrawals. Discover how geopolitical shocks, illiquid assets, and retail investor panic are exposing deep risks in the shadow banking system.

Getty Images, Yuichiro Chino

How the Iran Conflict Triggered a Private Credit Liquidity Crisis

While the world watches the harrowing escalation of the conflict in the Middle East and the volatility in the energy markets, a secondary, equally dangerous crisis is unfolding silently within the global financial architecture. The immediate shocks of any geopolitical crisis - soaring oil prices and fractured supply lines - are predictable, even expected. But what is currently occurring in the "shadow banking" sector is a classic "black swan" event, the true impact of which has yet to be fully grasped.

The news this week that investment behemoths have announced withdrawal freezes for some of their flagship private-credit funds (namely BlackRock’s $26 billion HLEND and Blackstone’s BCRED, which both activated redemption gates on March 7) is not a minor financial technicality. It is the definitive popping of a massive asset-class bubble and the end of the reckless era of "democratizing private equity."

Keep ReadingShow less
I’m a Former Immigration Lawyer Turned Public School Teacher. Here’s How I’m Engaging Students in Civics.
a dining room table
Photo by Tuyen Vo on Unsplash

I’m a Former Immigration Lawyer Turned Public School Teacher. Here’s How I’m Engaging Students in Civics.

During a recent civics class a student asked me why protests were happening around the country. This student wasn’t being partisan or argumentative. They were just trying to understand what is happening in our democracy right now.

When it comes to teaching civics through current events, the hardest part doesn’t involve breaking up disagreements. Rather, the hardest and incidentally most valuable component is helping students develop meaning from situations as change unfolds on their social media feeds in real time.

Keep ReadingShow less
Digital generated image of green semi transparent AI word on white circuit board visualizing smart technology.

What can the success of SEMATECH teach us about winning the AI race? Explore how a bold U.S. public-private partnership revived the semiconductor industry—and why a similar model could be key to advancing AI innovation today.

Getty Images, Andriy Onufriyenko

A Proven Playbook for AI Leadership: Lessons from America’s Chip Comeback

Imagine waking up to this paragraph in your favorite newspaper:

The willingness of the U.S. government to eschew partisanship and undertake a bold experiment -- an experiment based on cooperation as opposed to traditional procurement, and with accountability standards rooted in trust instead of elaborate regulations -- has led the U.S. to a position of preeminence in an industry which is vital to our nation's security and economic well-being.

Keep ReadingShow less
Protestors holding signs, including one that says "let the people vote."

Attendees hold signs advocating for voting rights and against the SAVE America Act at a rally to outside the U.S. Capitol on March 18, 2026 in Washington, DC.

Getty Images, Heather Diehl

SAVE America Act Debate Begins; Mullin for DHS Hearing

Both chambers of Congress are in session this week and next. The House will probably function about like it has been - lots of votes (often by voice) on uncontroversial bills; many fewer votes on Republican priority bills. Lots of hearings this week and a few legislator updates.

Committee Meetings

Both chambers have a busy week with 64 total committee meetings scheduled.

Keep ReadingShow less