Sean Casten

Sean Casten

Casten wants conservative group de-funded

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From staff reports

U.S. Rep. Sean Casten (D-6th) last week called on the CEOs of Wells Fargo and JPMorgan Chase to commit to de-fund the State Financial Officers Foundation (SFOF), a group Casten claimed is a “right-wing climate denialism group that actively promotes legislation requiring state and city treasurers to blacklist companies that evaluate climate risk in their investment decisions.”

CRRNH SeanCasten 111021

U.S. Rep. Sean Casten

“Can either of you commit, while you are here, that you will not continue to fund an organization that is spreading disinformation that is blocking the capital sector from freely allocating capital?” Casten asked in a Finance Committee meeting.

Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co., reportedly responded, “If that were true, I probably would cancel it.”

Casten said a number of prominent financial institutions, including JPMorganChase and Wells Fargo, are among the sponsors of the State Financial Officers Foundation (SFOF) and, until recently, were listed on SFOF’s website as such.

Last month, the New York Times reported that SFOF has been at the forefront of a coordinated attack on climate financial action by Republican state treasurer.

Six states have passed model legislation called the “Energy Discrimination Elimination Act,” which seeks to punish financial institutions that are deemed to be boycotting fossil fuels. These laws led West Virginia’s treasurer to falsely claim, Casten said, that certain large financial institutions are boycotting fossil fuels, and cancel contracts worth hundreds of millions of dollars with Wells Fargo, Morgan Stanley, JPMorganChase, and Goldman Sachs.

Nationally, these laws are having their intended “chilling effect” on financial institutions, have turned out to be a nightmare of implementation, and are proving costly for the public and municipalities, Casten claimed.

On its website, SFOF describes itself as “founded on the belief that state financial officers nationally are playing a much greater role in promoting fiscally responsible public policy. SFOF continues to organize a select group of leaders from the public and private sectors to help state financial officers develop and implement free-market, pro-growth policies.”

Local News

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Obituaries February 29, 2024

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Spread the loveROSAURA GALLARDO Rosaura Gallardo, age 88, of Chicago, South Lawndale community, passed away unexpectedly February 8. She was the beloved wife for 63 years to the late Francisco Gallardo; loving daughter of the late Jose Elias Negron and the late Rosa Irizarry Negron; cherished mother of Guadalupe Gallardo, Gloria (Luis) Martinez, Francisco Jr.…

Steve Palmer, chairman of the Brew Moon Festival; Susanna Decker of Community Support Services; and McCook Mayor Terrance Carr pose with the oversized check donated from the festival. (Photos by Steve Metsch) 

Brew Moon raises $33,000 for two charitable organizations

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Mario DePasquale

Ex-McCook police chief sentenced to 27 months in extortion plot

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Spread the loveBy Bob Bong Mario DePasquale, the former police chief of McCook, was sentenced last week to more than two years in federal prison after pleading guilty last year to conspiring with the village’s former mayor to extort two businessmen out of tens of thousands of dollars. DePasquale, 50, was sentenced February 21 to…

stealing Mail

Palos Heights police bust mail theft ring

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Spread the love3 arrested for allegedly stealing mail in Palos Heights, Palos Park By Jeff Vorva The good news is that lost mail involving residents of Palos Park and Palos Heights has been found. The bad news is that it may be a while before they get that mail back. Three people were arrested for…

Shepard High School junior, Anastasia Kladis, has raised nearly $2,000 for Special Olympics Illinois and hopes to keep the amount growing before she takes the plunge at Shepard High School on March 7. (Supplied photos)

Shepard student to take the Polar Plunge for Special Olympics

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Spread the loveBy Kelly White One Shepard High School student has been excelling in raising funds for this year’s Polar Plunge. Anastasia Kladis, a junior from Palos Heights, has raised nearly $2,000 for Special Olympics Illinois and hopes to keep the amount growing before she takes the plunge at school on March 7. “I have…

Evergreen Park senior Nolan Sexton drives past a Thornton defender during the Wildcats' 77-47 win over the Mustangs in the Class 3A Thornton Sectional on Feb. 27. Photo by Xavier Sanchez

Boys Basketball Class 3A Sectionals | Evergreen Park’s historic ends with loss to Thornton

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Spread the loveBy Xavier Sanchez Correspondent The 2023-2024 Evergreen Park boys basketball team had one of the greatest seasons in program history. Unfortunately for the Mustangs, that season has come to an end with a 77-47 loss to Thornton in the semifinals of the Class 3A Thornton Sectional on Feb. 27. Evergreen Park was coming…

CRR_NH

Clear-Ridge Reporter and NewsHound February 28, 2024

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Mary Stanek

Looks like March may go out like a lion

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Spread the love. By Mary Stanek Your correspondent in Archer Heights and West Elsdon 3808 W. 57th Place •  (773) 517-7796. . March comes in like a lamb – it goes out like a lion! A sneak peek at the weather forecast for the next 10 days does show some mild days. So, we welcome…

Kathy Headley

Weather cooperated for Marine’s return

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Spread the love. By Kathy Headley Your correspondent in Chicago Lawn and Marquette Manor 6610 S. Francisco • (773) 776-7778 . After the surprising snow coming down like a blizzard for a while last Friday night, I was especially glad to see the sun Saturday morning, for Patrick Downs (St. Rita High School class of…

Peggy Zabicki

Slam the brakes on reckless drivers

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Spread the love. By Peggy Zabicki Your correspondent in West Lawn 3633 W. 60th Place •  (773) 504-9327 . The most popular topic of conversation in our neighborhood lately is the problem of speeding drivers. There are car accidents every single day due to drivers who break the law. I hope the city will add even more…

Neighbors

His conviction was overturned after 35 years wrongfully served. State law caps his compensation at 14 years.

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By DILPREET RAJU Capitol News Illinois draju@capitolnewsillinois.com In December, 57-year-old Brian Beals spent Christmas with his sister Pattilyn for the first time 35 years. Beals was exonerated and freed from Robinson Correctional Center in southeastern Illinois on Dec. 13 after a Cook County circuit court judge vacated his conviction and dismissed charges against him. “In…

Cook County judge orders Trump removed from GOP ballot but holds decision pending appeal

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By PETER HANCOCK Capitol News Illinois phancock@capitolnewsillinois.com SPRINGFIELD – A Cook County judge on Wednesday ordered former President Donald Trump’s name to be removed from the March 19 Republican primary ballot but stayed her order until Friday to give time for an appeal to the Illinois Supreme Court. In a lengthy decision, Judge Tracie Porter…

Pritzker to mull tightening fiscal landscape in budget address this week

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By JERRY NOWICKI Capitol News Illinois jnowicki@capitolnewsillinois.com Gov. JB Pritzker will give his sixth state budget address this week, laying out his plan for a fiscal year that government forecasters in November predicted is on pace for a near-$900 million deficit unless corrective action is taken.  Those same fiscal forecasters in the Governor’s Office of…

Ahead of Pritzker’s budget address, pressures that mounted last year intensify

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BY JERRY NOWICKI Capitol News Illinois jnowicki@capitolnewsillinois.com Republicans in the Illinois Senate indicated Tuesday that their sticking point for budget negotiations this year will be the same as it was last year – state spending on programs for noncitizens and recent arrivals from the country’s southern border.  In what’s been a rarity over the past…

‘This place is horrific’: 10-week-old complaint details ‘filthy’ conditions at Centralia funeral home

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By BETH HUNDSDORFER  Capitol News Illinois news@capitolnewsillinois.com The pictures that are said to depict the condition of the embalming room of the Moran Queen-Boggs Funeral Home in Centralia are shocking. Eight photographs and one video taken late last year purported to show the conditions of the funeral home depict piles of dirty sheets, a dead…

Capitol Briefs: Pritzker touts manufacturing training funding, announces cultural districts

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New birth center to open on Chicago’s South Side as Pritzker touts proposed maternal health spending

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New birth center to open on Chicago’s South Side as Pritzker touts proposed maternal health spending

New birth center to open on Chicago’s South Side as Pritzker touts proposed maternal health spending

By DILPREET RAJU Capitol News Illinois draju@capitolnewsillinois.com State and community leaders on Monday celebrated the planned opening of a new freestanding birth center on Chicago’s South Side while emphasizing proposed maternal health spending increases in Gov. JB Pritzker’s budget. The nonprofit Chicago South Side Birth Center will mark the city’s second active midwife-led birth center,…

New birth center to open on Chicago’s South Side as Pritzker touts proposed maternal health spending

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By DILPREET RAJU Capitol News Illinois draju@capitolnewsillinois.com State and community leaders on Monday celebrated the planned opening of a new freestanding birth center on Chicago’s South Side while emphasizing proposed maternal health spending increases in Gov. JB Pritzker’s budget. The nonprofit Chicago South Side Birth Center will mark the city’s second active midwife-led birth center,…

New birth center to open on Chicago’s South Side as Pritzker touts proposed maternal health spending

New birth center to open on Chicago’s South Side as Pritzker touts proposed maternal health spending

By DILPREET RAJU Capitol News Illinois draju@capitolnewsillinois.com State and community leaders on Monday celebrated the planned opening of a new freestanding birth center on Chicago’s South Side while emphasizing proposed maternal health spending increases in Gov. JB Pritzker’s budget. The nonprofit Chicago South Side Birth Center will mark the city’s second active midwife-led birth center,…