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Chicago Strikes Deal With Union That Includes Pension Reforms
by: Yvette Shields
Tuesday, February 12, 2013
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Chicago has struck a tentative collective bargaining agreement with one of its smaller unions that includes pension benefit and retiree healthcare reforms that Mayor Rahm Emanuel characterized Tuesday as a possible roadmap to help solve the city's pension crisis.

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Commentary - When It May Be Virtually Free to Be Tax Free
Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.

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