Insiders Daley nephew, Obama pal blow pension funds in poor investments

Nephew blew it.

 

It’s not what but whom you know. (Better not be what in these cases)

A real estate venture created by President Barack Obama’s onetime boss and a nephew of former Mayor Richard M. Daley squandered $68 million it was given to invest on behalf of pension plans for Chicago teachers, cops, city employees and transit workers, a Chicago Sun-Times investigation has found.

The five public pension funds haven’t made a dime on the investments they made nearly a decade ago with DV Urban Realty Partners, a company created by Obama’s ex-boss Allison S. Davis and Daley nephew Robert G. Vanecko, records show.

In fact, the financially troubled pension plans have lost most of the money they gave DV Urban, which used the money to invest in risky real estate deals, primarily in neglected neighborhoods.

What lowers confidence in the Ruling Party more than stuff like this?

Source: THE WATCHDOGS: Pension funds lost millions on deals with Daley nephew, Obama pal

Empty mind? Write Science Fiction

Not quite, how about scrambled mind. But “barren,” she says.

Ingrid Rojas Contreras looks through “the barren island of [her] mind” and finds that “all good science fiction begins this way”: from the new edition of the Los Angeles Review of Books Quarterly Journal.

Something else in pursuit of her goal:

I stand in front of the window at Madison and Halsted hesitating before my reflection, weighing the awfulness of not knowing myself versus the lightness of being a blank slate.

Uh-huh.

I try to break into the fortress of my mind by staring into my iris.

Good luck with it.

It occurs to me I could be an illegal immigrant. I have to avoid the authorities. I search up and down the street for cops.

I could be one of the millions undocumented, working for low wages, desperate, prone to predation.Prone to predation? I ask myself.

Even then this strikes me as an odd sentence construction.

She may be on to something. Is there something about in the fortress of your mind?

Source: All Good Science Fiction Begins This Way – The Los Angeles Review of Books