WalMart and the War. Two of Joe Moore's major grandstand, national causes. Joe will go anywhere to denounce these two subjects.
So now we find out Loyola University supports these two businesses, and they're making big money off their stocks.
Will Joe Moore do anything to punish Loyola University for making money off these two entities he so loves to hate? Say Joe, I got an idea. Cut off their TIF. Does he have the testicles to do that?
11 comments:
"Chicago's anger over BP's plans to increase the pollution it releases into Lake Michigan as part of an expansion of its nearby Whiting, Ind., refinery could cost Goldman, Sachs & Co. and Bank of America future bond business here because of corporate board ties the two share with BP.
"Alderman Edward Burke, the long-serving chairman of the City Council's Finance Committee, which must sign off on city bond sales before a full council vote, was angered by BP's 'refusal' to appear last week before a joint hearing held by the City Council’s Committee on Energy, Environmental Protection, and Public Utilities, and the Committee on Parks and Recreation to discuss its plans. Full story.
In early 2005, Alderman Tillman led a campaign against a $500 million refinancing deal with the Bank of America because of its alleged links with slavery.
"Wonder why Loyola holds a financial stake in some of the most heinous corporations in America," the editorial stated. " . . . Do we really need to invest with corporate giants that mock our values?''
CRAIG YOU HAVE A GOOD POINT- BUT THINK JOE WOLL LAY OF THE UNIVERSITY BUSINESS, AS THEY HAVE A SMARTER BRAIN POOL THAN HE WILL EVER HAVE PLUS YOU DON'T SEE JOE'S DEVELOPERS CONTRIBUTORS USING UNION LABOR-
Does an alderman have the power to recind a TIF? I can see he may have the power to intefere with a TIF being awarded in the first place but can he really "take it back" once it's been given? Does anyone know the answer here? I would really like to know. Thanks
Halliburton & Loyola: Controversy amid financial gains
LU-invested companies face human rights abuse allegations
Nicole Charky, Loyola Phoenix, 10/31/07
Loyola University owns $588,906.50 in Halliburton ...
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Gentrification nation: When will Loyola step up and stand out?
Staff Editorial, Loyola Phoenix, 10/31/07
Loyola holds a financial stake in some of the most heinous corporations in America...
... do we really need to invest with corporate giants that mock our values?
The Lake Shore campus is located in Rogers Park, which, according to the Chicago Tribune, is considered to be the most culturally diverse neighborhood in Chicago, as well as the most highly populated. Our diversity worldwide is second only to Brooklyn, N.Y., and this diversity is often touted as the reason Loyola's Lake Shore campus is located in Rogers Park. Jesuit universities have a tradition of building their institutions within and for the surrounding community and its citizens. Paradoxically, our neighborhood is becoming more gentrified each year, and our university seems to be the catalyst of this change. Soon Loyola will be opening Loyola Station, a strip mall across from the Loyola el stop - and let's be honest: there won't be any family-owned Indian restaurants inside.
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Before casting stones at Loyola - have you checked with the fundmanager who looks after your retirement/401k to verify that your money isnt invested in these businesses either?
Are you 100% sure?
I occasionly stop by and have a peek at the Broken Heart. I was rather suprised to see this story. Still trying to figure out the connection with the Alderman.
As the last poster said, you had better check your own 401/IRA if you are so upset at investment in these companies. Most people don't know what their funds are invested in. And if you see your fund invested in a portion of these companies, try moving it to a fund that doesn't have investments in these companies.
Hallburton is troublesome, but remember they do business globally, not just in Iraq. If Hallburton wasn't doing it, someone else would. Perhaps you don't like the connection with Cheney. That's legitimate. But he hasn't run the company for years now.
Don't like Wallmart? Don't shop there. Its a free country. Shop where you like. Just remember, Target and Kmart buy from China too.
Dow Chemical makes lots of nasty chemicals. So do the other chemical companies. They used to make agent white and agent purple too. Lot worse than agent orange. Don't like Dow, don't buy anything with STYROFOAM™. Its Dow's brand. And when your getting your car tuned up for the winter, don't forget the anti-freeze. Oops its made by Dow too. And make sure when your using the Dow brand Glad Wrap, or Glad bags you remember you're investing in Dow each time you use them.
And while some of these students can afford to say, "I'm happy to have my tuition raised so my university does not invest in these so called "bad" companies," there are students, like me, who need to catch every break I can get.
About the TIF, do you think everyone who gets TIF money should be required to report every investment they own in the stock market? Take somekind of purity test? I hardly think that's possible.
I'll go away now. Perhaps I'll drop in now and again.
I do not believe that a private, tax-exempt entity that has never and will never pay a dime of property taxes should receive public money, ever.
I also do not believe public money should be allocated to strictly private concerns.
TIFs and other corporate welfare have eroded this city's tax base and are probably a major factor in the city's growing fiscal problems. The 150+ TIF districts in this city have mostly failed in their stated purpose and have given us very little economic development relative to the erosion of our tax base they cause.
TIFs more and more appear to be one more way to redistribute money from the many to the few, at the expense of the general public, who must payer higher taxes to offset the loss of revenue from the freezing of taxes for 23 years in the TIF district.
Should you and I, who may or may not be able to ante up the $20K or so it costs yearly (at minimum) to attend Loyola be forced to subsidize the renovation of their buildings? Should property owners within the TIF who are not receiving subsidies be forced to subsidize renovations for other owners' properties with TIF funds?
Loyola Student-
Craig wasn't saying that he feels that Loyola is wrong or that he doesn't like Haliburton and Walmart.
He was saying that since Joe so publicly hates Walmart and Haliburton Joe should say something/do something to Loyola instead of being a hipocrite. Like take away the unnecessary TIF.
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