Chicago Tonight full episode December 12, 2018

Chicago Tonight full episode December 12, 2018


[♪♪♪]>>GOOD EVENING AND WELCOME TO “CHICAGO TONIGHT.” ON THIS WEDNESDAY DECEMBER 12TH.>>IT’S BEEN 10 YEARS SIPS WE HAD A CAPITAL FUND, A CAPITAL PROJECT FUND FOR THE STATE OF ILLINOIS.>>THE GOVERNOR-ELECT LAYS OUT PLANS FOR FUNDING ILLINOIS’ INFRASTRUCTURE AND HIS INAUGURATION.>>I’M TRYING TO STRENGTHEN AND LITERALLY SECURE A PENSION.>>MAYOR RAHM EMANUEL MAKES A MAJOR ANNOUNCEMENT ON ADDRESSING THE CITY’S PENSION CRISIS. WHAT IT IS AND WHAT IT MEANS MOVING FORWARD.>>I’M HERE WORKING FOR THE PEOPLE AND WE ARE GOING TO STICK TO IT TOGETHER.>>CHALLENGES AND SHENANIGANS IN THE MAYOR’S RACE OUR TEAM PUTS IT IN THE SPOTLIGHT.>>A CHINESE SPACECRAFT ENTERS THE MOON’S ORBIT AND PREPARES TO BE THE FIRST TO LAND ON THE FAR SIDE THAT AND SCIENCE STORIES MAKING HEADLINES AROUND THE UNIVERSE.>>THE SPACE WAS BROKEN UP INTO SMALLER SPACE AND NOW WE HAVE LARGER SPACE WITH BETTER LIGHTING.>>ONE OF CHICAGO’S HOLD OLDEST INSTITUTIONS UNVEILS A NEW LOOK AND LOOKS BACK TO THE EVENT THAT TRANSFORMED THE CITY.>>>AND GEOFFREY BAER HAS THE STORY OF A CHICAGO COMPANY THAT HELPED KEEP CARS RUNNING IN THE WINTER NEARLY A CENTURY AGO. ALL THAT AND MORE NEXT ON “CHICAGO TONIGHT.”>>THANK YOU FOR JOINING US I’M EDDIE ARRUZA. A COOK COUNTY TAX GOES BACKUP. BRANDIS FRIEDMAN HAS THAT STORY AND MORE OF WHAT IS MAKING NEWS IN CHICAGO TONIGHT. BRANDIS?>>AND EDDIE AND EFFORT TO LOWER COOK COUNTY’S TAX ON POPULAR PARKING APPS BIKE SPOTHERO AND PARKWHIZ HAS BEEN REVERSED. THE COOK COUNTY BOARD OF COMMISSIONERS VOTED 16-1 TO REINSTATE A 6% PARKING TAX ON THE APP-BASED SERVICES. THIS COMES AFTER AN EARLIER ORDINANCE REDUCED THAT TAX TO 1.75%. IT WAS SLATED TO GO INTO EFFECT IN JANUARY. COMMISSIONER WHO SPONSORED THE ORDINANCE SAID THE LOWER TAX GAVE THE PARKING APPS AN ADVANTAGE.>>THE LEGAL OPINION CONCLUDED THAT THIS AMENDMENT WOULD HAVE MADE COOK COUNTY VULNERABLE TO SEVERAL LEGAL CHALLENGES AND THAT IT WAS UNENFORCEABLE AND VAGUE, A VIOLATION OF THE UNIFORMITY CLAUSE AND CONSTITUTES AN UNCONSTITUTIONAL OCCUPATION TAX TO BE CLEAR THIS REPEAL MEANS NOTHING HAS CHANGED THIS IS A CONTINUATION OF THE ORIGINAL ORDINANCE.>>AND RIDERS ON THE RED AND PURPLE LINES WILL NOTICE CHANGES AS THE CTA MOVES AHEAD WITH PLANS TO MODERNIZE STATIONS ON THE NORTH SIDE AND EXTEND THE RED LINE SOUTHWARD. THE AGENCY SAYS IT SELECTED A CONTRACTING TEAM TO DESIGN AND BUILD THE FIRST PHASE OF THE PROGRAM TO THE TUNE OF $2.1 BILLION. IT WILL LEAD TO RECONSTRUCTED STATIONS, NEW SIGNALS AND A RAIL BYPAST OF THE STATION. CTA HIRED A PROGRAM MANAGER TO OVERSEE THE WORK FOR THE RED LINE EXTENSION WHICH WILL EXTEND THE LINE FROM 195 TO 130TH STREET. AND THERE IS AN EFFORT TO TAKE AWAY EMBATTLED ALDERMAN ED BURKE’S AUTHORITY. BURKE CONTROLS THE CITY’S WORKERS COMPENSATION PROGRAM THROUGH THE CITY COUNCIL FINANCE COMMITTEE. TODAY, TWO ALDERMEN INTRODUCED AN ORDINANCE TO MOVE THE PROGRAM FROM HIS AUTHORITY INTO THE EXECUTIVE BRANCH UNDER THE CITY CORPORATION COUNSEL’S OFFICE. BURKE FOUGHT TO KEEP AWAY OVERSIGHT TO THE PROGRAM AND IT COULD BE CAUSING WASTE, FRAUD AND OVERSPENDING.>>IT IS NOT GOOD GOVERNMENT PRACTICE OR BEST PRACTICE TO HAVE THAT AUTHORITY UNDERNEATH A CITY COUNCIL COMMITTEE THAT IT SHOULD BE UNDER THE CORPORATE COUNCIL.>>MAYORAL CANDIDATES LORI LIGHTFOOT AND TONI PRECKWINKLE HAVE ALSO PLEDGED TO REMOVE THE WORKERS COMPENSATION PROGRAM FROM BURKE’S AUTHORITY. THE ALDERMAN IS UNDER FEDERAL HEAT AFTER AUTHORITIES RAIDED HIS CITY COUNCIL AND WARD OFFICES TWO WEEKS AGO.>>>AS FOR THE WEATHER, TONIGHT DECREASING CLOUDINESS AND A LOW AROUND 27. TOMORROW, PARTLY SUNNY WITH A SLIGHT CHANCE OF RAIN AND A HIGH OF 40. AND YOU CAN GET “CHICAGO TONIGHT” STREAMED ON Facebook, YouTube AND OUR WEBSITE, WTTW.COM/NEWS. AND YOU CAN ALSO WATCH VIA PODCAST AND THE PBS VIDEO APP. BACK TO YOU.>>THANK YOU.>>A LITTLE MORE THAN A MONTH FROM TODAY, ILLINOIS WILL HAVE A NEW GOVERNOR, J.B. PRITZKER’S PLANS FOR HIS INAUGURATION AND FOR HIS ADMINISTRATION ARE BEGINNING TO TAKE SHAPE. AMANDA VINICKY IS HERE WITH MORE. AND AMANDA, THE GOVERNOR-ELECT IS CRAFTING BIG PLANS FOR HIS INAUGURATION AND UNVEILING A LOT ABOUT THE POLICIES. LET’S BEGIN WITH THAT.>>WELL, EDDIE, ACTUALLY PRITZKER HAS A SERIES OF TRANSITION COMMITTEES AND THEY ARE TAKING UP EVERYTHING FROM VETERANS ISSUES TO ENERGY, EDUCATION, AND THE BUDGET. THEIR WORK WILL BE PRIVATE. BUT WE SHOULD EXPECT TO SEE REPORTS THAT SUM MY WHAT THEY HAVE TALKED ABOUT — SUMMARIZE WHAT THEY HAVE TALKED ABOUT. ONE AREA THAT IS GETTING A TON OF ATTENTION IS INFRASTRUCTURE, THE CAPITAL BILL. THAT IS A MASSIVE PROGRAM TO PAY FOR ROADS, BRIDGES, UPKEEP OF GOVERNMENT BUILDINGS AND PROPERTY. PRITZKER SAYS PASSING ONE IS A PRIORITY.>>NOT JUST BECAUSE WE ARE GOING TO CREATE JOBS WHILE WE ARE BUILDING THAT INFRASTRUCTURE BUT ALSO BECAUSE GOOD INFRASTRUCTURE UP-TO-DATE INFRASTRUCTURE ATTRACTS BUSINESSES AND GROWS OUR ECONOMY IN THE STATE. IT IS A REASON WHY PEOPLE WANT TO DO BUSINESS IN THE STATE OF ILLINOIS. A REASON WHY PEOPLE WOULDN’T WANT TO DO BUSINESS IN THE STATE IS IF WE LET IT CRUMBLE AS IS HAPPENING TODAY.>>THERE IS A LOT OF BUZZ ABOUT AN INFRASTRUCTURE PLAN RIGHT NOW. WHY IS THAT?>>FOR ONE YOU HAD CHICAGO MAYOR RAHM EMANUEL AND A COUPLE DOZEN ORVILLE PRESIDENTS AND MAYORS SAY JUST YESTERDAY THAT THE NEED IS DIRE. IT’S BEEN A DECADE SINCE ILLINOIS LAST DID THE UPDATE OF THE INFRASTRUCTURE WHILE GOVERNOR BRUCE RAUNER TALKED ABOUT PASSING A CAPITAL BILL HE WANTED TO RELY ON PUBLIC-PRIVATE PARTNERSHIPS AND IT NEVER HAPPENED. THERE’S BEEN A LOT OF CHATER IN SPRINGFIELD CIRCLES ABOUT MOVEMENT ON A CAPITAL BILL PASSING ONE WHILE RAUNER IS STILL GOVERNOR. PERHAPS IN JANUARY BEFORE PRITZKER’S INAUGURATION AND LAME DUCK LEGISLATORS WHO DON’T HAVE TO WORRY IN A NEXT ELECTION WOULD HELP IN THAT MEASURE. AND PRITZKER WOULD NOT HAVE TO WEAR THE JACKET SIGNING INTO LAW NEW REVENUE AND HE WOULD NOT GET CREDIT FOR PASSING A CAPITAL BILL. TODAY PRITZKER INDICATED THAT LAWMAKERS SHOULD WAIT U I THINK IT’S UNNECESSARY BEFORE WE TAKE OFFICE. WE WILL MAKE SURE THAT WE ARE FOCUSED ON IT IMMEDIATELY UPON TAKING OFFICE.>>AND OF COURSE IN ILLINOIS THE QUESTION IS: HOW WOULD IT GET FUNDED? ANY IDEAS?>>WE GET THE SAME ANSWER AS WE OFTEN DO FROM PRITZKER THAT IS NOTHING IS OFF THE TABLE. HE MENTIONED GAMBLING EXPANSION, SPORTS BETTING AS OPTIONS. EMANUEL AND OTHER MAYORS SAY ILLINOIS SHOULD RAISE THE TAX ON GASOLINE BY 20-30 CENTS A GALLON. IT’S BEEN 28 YEARS SINCE THE GAS TAX WAS LAST INCREASED AND ILLINOIS DOES NOT GET CAUGHT ON THE SITUATION AGAIN. AND THEY PROPOSED TYING THE GAS TAX TO INFLATION IN THE FUTURE. THINK OF IT LIKE A USER FEE FOR DRIVING ON ROADS. PRITZKER WAS NONCOMMITTAL.>>WE ARE GOING TO LOOK AT ALL THE VARIOUS WAYS WE CAN FUND AN INFRASTRUCTURE PLAN BUT THERE IS NO QUESTION ABOUT THE FACT IT’S BEEN 10 YEARS SINCE WE HAD A CAPITAL FUND, A CAPITAL PROJECT FUND FOR THE STATE OF ILLINOIS. WE NEED A CAPITAL BILL AND THERE HAS TO BE FUNDING FOR IT.>>PRITZKER DID HAVE A DIRECT RESPONSE TO EMANUEL’S CALL FOR AN AMENDMENT TO THE ILLINOIS CONSTITUTION THAT WOULD ALLOW BOTH THE STATE AND CITIES TO DIG OUT OF THE PENSION DEBTS BY CUTTING RETIREMENT BENEFITS. BASICALLY SAYING IT IS NOT GOING TO HAPPEN.>>I JUST DON’T SEE THE LIKELIHOOD OF ANYBODY GETTING CONSTITUTIONAL AMENDMENT PASSED TO CHANGE THAT PROVISION IN OUR CONSTITUTION.>>PUBLIC UNIONS ARE OBVIOUSLY OPPOSED TO THE IDEA AND PRITZKER WON THE GOVERNOR’S RACE WITH HEAVY UNION BACKING AND PENSIONS ARE A PROMISE AND HE WILL FOCUS ON PAYING THEM. A NEW REPORT SAYS ILLINOIS’ LONG-TERM PEN SON DEBT CLIMBED TO $133 BILLION.>>AND OF COURSE ALL OF THIS WILL BECOME HIS RESPONSIBILITY COME JANUARY 14TH. WHAT ARE YOU HEARING ABOUT ANY OF THE PLANS FOR THE INAUGURATION?>>PRITZKER WILL PAY FOR HIS OWN FESTIVITIES. IT’S IMPORTANT THAT HE WILL NOT BE TAKING CONTRIBUTIONS FROM LOBBYISTS AND CORPORATIONS AND THAT SAID OFFICIALS WHO ARE NOT LISTED BY FORBES, AS THE 251ST RICHEST PERSON IN THE NATION. REGARDLESS PRITZKER SAYS ANYONE WHO WANTS TO ATTEND WILL BE ABLE TO.>>WE ARE EXCITED ABOUT WHAT WE’RE PUTTING TOGETHER. IT WILL BE A GREAT FEW DAYS OF CELEBRATION. WE ARE GOING TO HAVE A TREMENDOUS DAY IN THE FACILITY THERE IN SPRINGFIELD. PEOPLE WILL BE COMING FROM ALL OVER THE STATE. AND WE ARE MAKING IT ACCESSIBLE TO EVERYBODY.>>PRITZKER’S WIFE WILL BE ONE OF THE KEY ORGANIZERS OF ALL OF THE PARTY PLANNING. HE IS NOT SAYING YET WHO THE HEADLINER WILL BE.>>AND WE’LL SEE HOW BIG OF A PRODUCTION THIS IS. THANK YOU.>>AND NOW TO PARIS SCHUTZ WITH REACTION TO AND ANALYSIS OF MAYOR RAHM EMANUEL’S AMBITIOUS PENSION PLAN.>>MAYOR RAHM EMANUEL IS LEAVING BEHIND WHAT HE CALLS A ROADMAP TO CONFRONT THE CITY’S PENSION OBLIGATIONS AND THAT INCLUDES AMENDING THE STATE CONSTITUTION TO ALLOW CHANGES TO BENEFITS SOMETHING THE GOVERNOR SAID HE WAS NOT BULLISH ON AND INTRODUCING LEGISLATION TO GET THE BALL ROLLING ON A $10 BILLION PENSION BORROWING SCHEME USING REVENUE FROM LEGALIZED MARIJUANA AND A CHICAGO CASINO TO PAY INTO THE PENSIONS. THE FIRST ITEM CALLING FOR A CONSTITUTIONAL AMENDMENT TO REVISE THE COST OF LIVING ADJUSTMENT OR COLA. IT’S BEEN CRITICIZED BY LABOR UNIONS BUT THE MAYOR CONSIDERS THAT 3% COLA TO BE OUT OF DATE AND UNAFFORDABLE. A COST OF LIVING ADJUSTMENT IS TO HELP RETIREES NOT LOSE THE VALUE OF THEIR PAYCHECK. TO KEEP UP WITH INFLATION. IF INFLATION IS 0 AND YOU ARE GETTING 3% COMPOUNDED ANNUALLY, IT IS NOT A COLA. IF IT LOOKS LEAK A PAY RAISE, PERFORMS LIKE A PAY RAISE AND RESULTS IN A PAY RAISE, IT IS A PAY RAISE.>>JOINING US TO DISCUSS THEIR REACTION TO THE MAYOR’S PENSION PLAN ARE RALPH MARTIRE, EXECUTIVE DIRECTOR OF THE CENTER FOR TAX AND BUDGET ACCOUNTABILITY. HAS BEEN APPOINTED AS A MEMBER OF J.B. PRITZKER’S BUDGET AND INNOVATIONS TRANSITION COMMITTEE.>>LAURENCE MSALL, PRESIDENT OF THE CIVIC FEDERATION AND ADAM SCHUSTER DIRECTOR OF BUDGET AND TAX RESEARCH AT THE ILLINOIS POLICY INSTITUTE. GENTLEMEN WELCOME BACK. BEFORE WE GET INTO THE PLAN, LAURENCE MSALL EXPLAIN US TO IN LAYMAN’S TERMS THE MAGNITUDE OF THE PAYMENTS THAT TAXPAYERS WILL HAVE TO PUT INTO THE CITY PENSION FUNDS IN THE COMING YEARS?>>WITHIN THE NEXT THREE YEARS THE CITY OF CHICAGO IS GOING TO INCREASE A BILLION DOLLARS THE CONTRIBUTIONS MAKING TO THE LOCAL PENSION FUNDS, THE POLICE, FIRE, MUNICIPAL LABORERS PENSION FUNDS. SO THAT IS — THEY DON’T HAVE A BILLION IN NEW REVENUE THEY DON’T HAVE A DESIGN WHERE THEY WOULD GET THAT MONEY. THE MAYOR AUNITEDAANNOUNCED HE S GONE TO SPRINGFIELD BUT POINTS TO WHAT IS DRIVING THE COST AND THAT IS THAT 3% COMPOUNDED AUTOMATIC INCREASE PUT INTO LAW IN ILLINOIS. NO OTHER STATE HAS SUCH A LARGE BENEFIT INCREASE EVERY YEAR REGARDLESS OF INFLATION.>>TO THAT POINT WHO HERE SUPPORTS THE MAYOR’S CALL TO AMEND THE CONSTITUTION ON THOSE 3% COLAS? RALPH MARTIRE YOU HEARD THE MAYOR COLAS WILL COST ON AVERAGE A BILLION A YEAR OVER THE NEXT 40 YEARS. SHOULDN’T THAT BE LOOKED AT?>>YOU KNOW, THE CONSTITUTION IS VERY CLEAR IN WHAT IT SAYS THAT THAT IS A PROTECTED BENEFIT. CHANGING THE CONSTITUTION ONLY WORKS GOING FORWARD THAT IS FOR NEW EMPLOYEES HIRED AFTER THE CONSTITUTIONAL CHANGE IS MADE. IN OTHER WORDS, THIS COLA WOULD REMAIN IN EFFECT FOR ALL THE EMPLOYEES THAT HAVE IT. AND THEY ARE A DIMINISHING AMOUNT OF THE WORKFORCE IN 2011 WE GOT A TIER 2 NEW EMPLOYEES ARE GOING INTO TIER 2 AND THEY DON’T HAVE THE COLA. A CONSTITUTIONAL AMENDMENT CAN’T TAKE AWAY THE 3% BENEFIT THAT WAS CONSTITUTIONALLY GUARANTEED FOR PEOPLE WHO HAD IT. YOU CANNOT LOOK BACKWARDS AND TAKE RIGHTS AWAY. IT WOULD BE A WASTE OF TAXPAYER TIME AND MONEY TO PURSUE IT IT’S NOT DOABLE. YOU COULD ADJUST A COLA LEGISLATIVELY GOING FORWARD ANYWAY. SO IF THEY WANT TO CREATE A TIER 3 OR 4 THEY CAN DO THAT AND HAVE A DIFFERENT BENEFIT AND TIE IT TO A RATIONAL THING TO DO. BUT THE BOTTOM LINE IS THE CONSTITUTIONAL AMENDMENT APPROACH IS SIMPLY NOT A VIABLE APPROACH.>>ADAM SCHUSTER DO YOU AGREE WITH THAT? THAT ANY CONSTITUTIONAL AMENDMENT WOULD NOT AFFECT CURRENT WORKERS?>>THAT IS NOT TRUE. TO UNDERSTAND THIS YOU NEED TO KNOW THERE IS A DIFFERENCE BETWEEN EARNED BENEFITS OR AND THE FUTURE RATE OF ACCRUAL. MICHIGAN WHICH HAS AN IDENTICAL CLAUSE CREATES THAT DISTINCTION THEY DID NOT NEED TO HAVE AN AMENDMENT BECAUSE OUR COURT MISINTERPRETED THAT CLAUSE WE NEED TO CLARIFY IT FOR THEN. WE CAN AMEND THE CONSTITUTION THAT CREATES THAT DISTINCTION. EVERY DOLLAR THAT SOMEBODY EARNS TO DATE IS PROTECTED BUT THE FUTURE GROWTH RATE GOING FORWARD INCLUDING THINGS LIKE THE PERMANENT BENEFIT INCREASE BECAUSE THE MAYOR IS RIGHT IT IS NOT A COLA, THAT CAN BE CHANGED THROUGH A CONSTITUTIONAL AMENDMENT WE SAW THIS HAPPEN IN ARIZONA WHERE VOTERS APPROVED THE SECOND CONSTITUTIONAL AMENDMENT TO CHANGE COLAS AND THEIR LAW CORRECTLY CALLED THEM A PERMANENT BENEFIT INCREASE PRIOR TO THE CHANGE WHERE THEY INDEX THEM TO INFLATION.>>LAURENCE MSALL YOU SAW THE GOVERNOR SAYING IT’S DEAD ON ARRIVAL WHAT IS THE POLITICAL WILL TO DO IT?>>YOU HAVE TO LET THE GOVERNOR GET INTO OFFICE AND SEE WHAT HE IS FACING IN TERMS OF ALL NEW TAX REVENUES. THE REASON MAYOR RAHM EMANUEL’S SPEECH WAS SIGNIFICANT TODAY WAS HOW MUCH WENT INTO IT. JUST TO ADDRESS THE CITY’S PENSION. HE DID NOT SAY THERE IS AN EASY ANSWER WE CAN JUST DOTIES. HE SAID WE NEED TO DO A LOT OF THINGS. THE STATE OF ILLINOIS WHICH CREATED THE CITY PENSION FUNDS IN THE IMAGE AS THE STATE OF ILLINOIS, HAS BIG CHALLENGES. THE STATE OF ILLINOIS, 25% OF ITS BUDGET IS GOING INTO PENSION AND PENSION-RELATED DEBT AND THAT IS NOT SUSTAINABLE. IF YOU WANT TO HELP FUND EDUCATION AND ADDRESS HIGHER ED YOU HAVE TO FIND A WAY TO STABILIZE THE STATE’S PENSIONS AND YOU ARE GOING TO HAVE TO BOTH PROVIDE ADDITIONAL MONEY AND REDUCE THE LIABILITIES.>>STATE AND CITY HAVING TREMENDOUS DIFFICULTY. RALPH MARTIRE YOU DON’T SUPPORT THE CONSTITUTIONAL AMENDMENT — AMENDING THE CONSTITUTION. WHAT ARE YOUR ALTERNATIVES?>>THE NUMBER OF ALTERNATIVES THAT ARE VIABLE AND THE MAYOR PUT A COUPLE ON THE TABLE. FIRST PENSION OBLIGATION BONDS. THAT IS NOT A BAD IDEA IN THIS ENVIRONMENT. IF YOU ISSUE THE BOND THAT MONEY GOES DIRECTLY INTO THE PENSION SYSTEMS IT’S REFINANCING DEBT NOT INCURRING NEW DEBT INSTEAD OF OWING THAT $10 BILLION TO THE PENSION SYSTEMS YOU OWE IT TO BOND HOLDERS AT A LOWER INTEREST RATE. SO YOU SAVE TAXPAYERS’ MONEY ON THE FRIENDENT AND THE MONEY INCREASES THEIR FUNDED RATIO AND GENERATES A RETURN.>>AND CALLED FOR REAM TORIZATION AS WELL?>>IN OUR REAMIZATION WE — REAM MODERNIZATION AND RIEONNA HOLMAN LION THE AND WE HAD IT PEER REVIEWED AT THE RETIREMENT SYSTEMS. YOU PUT IN MORE MONEY UP FRONT WHICH $10 BILLION FROM A BOND WOULD DO THAT ALLOWS YOU TO FLATTEN OUT YOUR PAYMENTS OVER TIME. AND I THINK WHEN YOU SAW MAYOR RAHM EMANUEL’S PROPOSAL TODAY HE SAID IT WOULD BE ABLE TO REAMORTIZE THE DEBT THEY OWE BY REDUCING IT.>>AND SPEAKING OF MAYOR EMANUEL HE TALKED ABOUT THAT $10 BILLION BORROWING PLAN AND UNVEILED IT 20ED LET’S HEAR FROM HIM.>>EVERYTHING WE DO AS RISK. YOU HAVE TO THEN EVALUATE AND CALCULATE IS THAT RISK WORTH THE GAIN?>>IS THAT RISK WORTH THE GAIN $10 BILLION BORROWING?>>PENSION OBLIGATION BONDS CAN BE PART OF THE SOLUTION AFTER REFORM AND TO UNDERSTAND WHY YOU NEED TO UNDERSTAND OF CREDIT RATING AGENCY AND EVERY PROFESSIONAL GOVERNMENT FINANCE ASSOCIATION SAYS YOU SHOULD NOT USE PENSION OBLIGATION BONDS FOR BUDGETARY RELIEF OR A STRESSED FINANCIAL SITUATION. IF WE DO REFORM IT WILL INCREASE OUR CREDIT RATING TO REDUCE THE COST OF BORROWING. WE CAN WIN WHERE THE INTEREST RATE IS LOWER. AND IT IS NOT A SOLUTION BY ITSELF. AND IN FACT THIS IS PRECEDED BANKRUPTCY IN OTHER PLACES IT’S TRIED AND WHY THE FINANCE ASSOCIATIONS SHIFTED TO SAYING NOT TO DO IT BECAUSE IN HISTORICAL PRACTICE THAT ARBITRAGE GAMBLE DOES NOT WORKOUT AND IT IS THE WORST POSSIBLE TIME THAT YOU COULD BE DOING IT BECAUSE THERE IS A LOT OF ECONOMISTS SAYING WE ARE AROUND THE CORNER FROM THE NEXT RECESSION AND THAT MEANS LOWER INVESTMENT RETURN ON THE FUNDS. IT WOULD BE LIKE GOING ALL IN ON A HAND OF BLACK JACK WHEN THE DEALER HAS 21.>>I HAVE TO CLARIFY. YOU SAID THEY ARE NOT A GOOD DEAL. SO A MAJOR STUDY JUST DONE BY THE CENTER FOR RETIREMENT RESEARCH ON THE EAST COAST FOUND THAT IF YOU AT EVERY PENSION BOND IN THE UNITED STATES ISSUED SINCE 1986 AND THE TAX REFORM ACT AT THE FEDERAL LEVEL THROUGH 2014 WHEN THEY HAD DATA THROUGH, THE NET AFTER INFLATION INTERNAL RATE OF RETURN WAS 1.5%. THEY WORKED. THE ARBITRAGE PLAY WORKED AND THIS IS WITH A NUMBER OF THEM BEING POORLY DESIGNED. THAT IS REVENUE WAS NOT PUT INTO THE PENSION SYSTEM BUT USED TO COVER CURRENT COSTS. YOU HAD FLAWED DESIGNED IN PENSION OBLIGATION BONDS PUTTING THEM ALTOGETHER NATIONWIDE THEY HAVE WORKED THE INTERNAL RATE OF RETURN WORKS AND THIS INCLUDES THE GREAT RECESSION. THE BOTTOM LINE IT’S NOT THAT RISKY OF A THING AND TO SAY THEY HAVE NOT WORKED IS NOT ADEQUATE.>>LET ME CLARIFY WHAT THE PLAN IS LIKE TAKING A CREDIT CARD TO PAY OFF ANOTHER CREDIT CARD WITH A GUARANTEE YOU WILL GET A LOWER RATE ON THE NEW CARD. IS THERE A GUARANTEE THIS ARBITRAGE PLAY WILL WORK AND THE CITY WILL SAVE MONEY BY PAYING A LOWER RATE ON THE BORROWING?>>THE REASON RALPH SAYS IT IS AN ARBITRAGE BECAUSE IT IS AN ARBITRAGE PLAY. YOU ARE HOPING YOU ARE GOING TO GET A GREATER RATE OF RETURN. IT’S NOT BEEN LONG ENOUGH TO JUDGE MANY OF THE BONDS THAT HAVE BEEN ISSUED AS TO WHETHER THEY HAVE BEEN A SUCCESS. WE’RE STILL PAYING THEM OFF IN ILLINOIS. BEFORE YOU CAN TELL ME WHAT A GREAT DEAL IS YOU HAVE TO LOOK AT WHAT IS GOING TO HAPPEN. WHAT ADAM SAID IT COULD BE A PART OF A COMPREHENSIVE PLAN. IT COULD BE A PART IF YOU WERE ASSURED THAT YOU WERE GOING TO GET THE REFORM AND THE RESTRUCTURING. TO TAKE $10 BILLION AND WHO IS GOING TO PAY THAT $10 BILLION? THE CITIZENS OF CHICAGO. THEY ARE TAKING ON MORE RISK AND WHAT ARE THEY GETTING FOR THAT RISK? WE NEED TO SEE A LOT MORE IN TERMS OF WHAT THE GUARDRAILS ARE TO MAKE SURE THAT THE SAME PENSION FUNDS WE SEE ALL THE HEADLINES ON ABOUT MAKING BAD REAL ESTATE DEALS THAT LOST LOTS OF MONEY WILL BE GIVEN THIS MONEY AND AT THE END OF A CYCLE A GROWTH CYCLE, IT IS A LOT OF RISK.>>I WANT TO CLARIFY. THE PENSION FUNDS ARE NOT MEETING THEIR TARGETED RATES OF RETURN ALREADY. THEY HAVE BEEN NEGATIVE IN SOME YEARS AND AT THE STATE LEVEL THEY ASSUME A RATE OF RETURN BETWEEN 6.75 AND 7.25. THE TEN-YEAR AVERAGE RATE OF RETURN IS 4.6. AND THEY ARE DOING THAT –>>SAVING MONEY IS PREDICATED ON THE PENSION FUNDS MEETING THE EXPECTED RATES OF RETURN.>>WHICH THEY ARE NOT DOING. AND ON TOP OF THAT, YOU NEED TO YOU HAD INTEREST RATES HAVE BEEN SLOWING DOWN ACROSS OUR ENTIRE NATIONAL BUT GLOBAL ECONOMIES. THAT MEANS THAT THE HISTORICAL RATES WE HAVE BEEN ABLE TO GET COULD BE HIGHER THAN NOW. AND THIS IS WHY IT’S EXACTLY THE OPPOSITE OF WHAT A PROFESSIONAL ACTUARY SOCIETY WILL TELL YOU TO DO. AND THE OTHER PART OF RALPH’S PLAN IS THAT IT REDUCES THE FUNDING TARGET FROM 90% ALREADY TOO LOW TO 70% WHICH IS WAY TOO LOW.>>70% FUNDED RATIO.>>TARGET RATIO.>>SO YOU — THE PENSION FUNDS WILL NOT BE AT 70% IT IS OUR GOAL IN 40 YEARS.>>LET ME TALK ABOUT MY PLAN [ALL TALKING AT ONCE]>>THEY HAVE A RATE THAT SETS A GOAL OF 90% BY THE YEAR 2045. WE DID NOT TAKE A 30 YEAR AM TORIZATION PLAN. YOU CAN GET THEM UP TO 72% FUNDED AND THIS IS THE STATE PLAN THEY ARE CURRENTLY 39% FUNDED. THAT IS A HUGE INCREASE. IT SAVES TAXPAYERS 67 BILLION IN PAYMENTS ON DEBT SERVICE BETWEEN NOW AND THEN THAT IS FREED UP TO FUND HIGHER ED, K12 AND EDUCATION AND DOES THAT WHILE MOVING THE PLAN TOWARDS HEALTH. 80% FUND IS THE STANDARD FOR A HEALTHY PENSION FUND AND BY THE WAY, THE VERY — [ALL TALKING AT ONCE]>>THE NEXT NEXT YEAR YOUR PAYMENTS DROP DOWN FROM OUR LEVEL DOLLAR AMOUNT.>>WE ARE GETTING BOGGED DOWN BY NUMBERS.>>80% IS WHAT A HEALTHY FUND SHOULD BE. YOUR TARGET SHOULD BE 100. WHAT LAURENCE MSALL SAID IS RIGHT.>>IF YOU GET TO 80 THAT IS OK. LET’S QUICKLY CITY COUNCIL MEMBERS KIND OF HAD A CHILLY RECEPTION TO THE BOND PROPOSAL AS WELL. LET’S LOOK AT SOME OF THOSE.>>AVOIDING THE TOUGH ISSUE TO PAY DOWN THE PENSION BY ISSUING BONDS IS NOTHING MORE THAN A PENSION HOLIDAY.>>CITY COUNCIL WOULD NEED AN INDEPENDENT FINANCIAL APPRAISAL OF THE RISKS AND THE OPPORTUNITIES AND ALSO THE GUARANTEE THAT ANY SUCH BOND FUNDING WOULD GO 100% TO PENSIONS.>>I’M NOT AGAINST IT. I THINK IT’S SOMETHING THAT WE MAY AND WANT TO DO BUT I WANT TO LOOK AT IT FOR THE DETAILS.>>AND PART OF THE PROPOSAL, POT REVENUE, A CHICAGO CASINO HOW MUCH MONEY COULD THAT BRING IN?>>TO BE DETERMINED REALLY. THE MAGNITUDES THAT YOU HEAR STATE-WIDE FOR LEGALIZATION OF MARIJUANA IS MAYBE $600 MILLION. A CASINO FOR CHICAGO, INVOLVES A LOT OF TRADE OFFS BY THE LEGISLATURE. SO IN TOWARD TO PROTECT THE OTHER GAMBLING INTERESTS. THE BIGGEST PROBLEM IS GAMBLING IS AN UNRELIABLE SOURCE TO FUND YOUR GOVERNMENT. MARIJUANA IF WE MAKE A DECISION THAT THE CITIZENS OF ILLINOIS DESERVE OR WANT TO HAVE ACCESS TO MARIJUANA WE SHOULD MAKE THE DECISION BASED ON THAT AND NOT BE USED IF YOU GO TO COLORADO AND TALK TO THE COLORADO OFFICIALS THAT HAVE FULLY BLOWN LEGALIZATION OF MARIJUANA, THEY WILL TELL YOU THERE IS A LOT OF COSTS ASSOCIATED WITH ONE OF THE MONITORING AND THE LICENSING OF WHAT DOES IT. AND THERE ARE REPERCUSSIONS IN TERMS OF DRIVING AND ACTIVITIES THAT HAVE TO BE TAKEN INTO ACCOUNT IT IS NOT A PANACEA BUT IT COULD BE A PORTION OF NEW REVENUE BUT THE STATE IS LOOKING AT THAT MARIJUANA REVENUE FOR THEMSELVES. THEY ARE LOOKING AT GAMBLING EXPANSION WHETHER IT’S SPORTS GAMBLING. WE –>>THERE ARE DIFFERENT THINGS THAT WANT THAT REVENUE.>>THE STATE HAS A LOT OF NEEDS. AND MOST IMPORTANT THING FOR THE CITY AND THE STATE OF ILLINOIS IS TO HAVE A COMPREHENSIVE PLAN THAT STABILIZES BOTH GOVERNMENT.>>WHAT IS GOVERNOR-ELECT PRITZKER LIKELY TO TAKE UP?>>THE DISCUSSIONS THAT TRANSITION TEAM IS FAR CONFIDENTIAL I CANNOT TALK ABOUT ANYTHING. BUT I WOULD LIKE TO TALK ABOUT THE CITY AND FINANCES AND THIS BOND AND THE REVENUE. OF COURSE, ANY PENSION OBLIGATION BOND IS NOT A PANACEA. THE PROBLEMS ARE TOO BIG HERE. YOU NEED A COMPREHENSIVE REFORM PACKAGE THAT INCLUDES NEW REVENUE AND THE CHALLENGE AND LAURENCE MSALL IDENTIFIED A FEW BUT THE CHALLENGES WITH GAMING THERE ARE COSTS WITH THAT IT’S DOWN THE ROAD YOU HAVE TO BUILD THE FACILITY A LOT OF THE NET PROFIT FROM GAMING LEAVES THE STATE. IT COULD BE AN ECONOMIC DRAG THERE ARE A NUMBER OF ISSUES WITH GAMING THAT ARE NOT BEING DISCUSSED. IT HIGHLIGHTS SORT OF THE CHALLENGES FACING THE CITY OF CHICAGO WITH THE REVENUE TOOL KIT IT’S LIMITED. WHAT DOES NEED TO BE ON THE TABLE IS A CONVERSATION BETWEEN THE STATE AND THE CITY AND HOW NEW STATE REVENUE MAYBE AN ENHANCEMENT IN THE INCOME TAX EXPANSION AND SALES TAX BASE SHOULD BE SHARED WITH THE CITY OF CHICAGO.>>EVERYONE WANTS TO WEIGH-IN AND WE HAVE TO LEAVE IT THERE. WE WILL CONTINUE THIS. RALPH MARTIRE, LAURENCE MSALL AND ADAM SCHUSTER THANK YOU ALL FOR BEING HERE. AND WE WOULD LIKE YOUR THOUGHTS ON MAYOR RAHM EMANUEL’S PENSION PLAN. GO TO OUR WEBSITE AND ANSWER OUR POLL AND THERE’S MORE “CHICAGO TONIGHT” AHEAD SO PLEASE STAY WITH US. [♪♪♪] [♪♪♪]>>STILL COULD TOMORROW ON “CHICAGO TONIGHT” THE RACE FOR CHICAGO MAYOR INTENSIFIES AS THE FEUDING AMONG THE CANDIDATES BEGINS.>>ONE OF CHICAGO’S OLDEST INSTITUTIONS UNVEILS A BRAND NEW LOOK AND EXHIBIT.>>>AND A 1970s ARTIST WHO WORKED FOR CHEESEBURGERS IS THE SUBJECT OF TONIGHT’S EDITION OF “ASK GEOFFREY”.>>FIRST, CHINA’S MISSION TO THE FAR SIDE OF THE MOON A VAST UNDERGROUND ECOSYSTEM IS FOUND DEEP WITHIN THE EARTH AND THE NEW DISCOVERY THAT COULD LEAD TO A CURE FOR THE HIV VIRUS THAT CAN CAUSE AIDS. HERE IS RABIAH MAYAS, A SCIENCE NERD AND ONE OF OUR FAVORITE EXPLAINERS OF ALL THINGS SCIENTIFIC THE ASSOCIATE DIRECTOR AT NORTHWESTERN UNIVERSITY AND A DELIGHT TO HAVE YOU BACK. LET’S BEGIN WITH THIS PROBE SENT TO THE MOON IT IS THE FOURTH SENT BY CHINA UNDER THIS PROGRAM BUT THIS WILL BE THE FIRST TO MAKE A SOFT LANDING ON THE FAR SIDE OF THE MOON THAT WE NEVER SEE. TELL US A LITTLE BIT ABOUT THE OBJECTIVES OF THIS MISSION.>>THIS SPACECRAFT GOT INTO LUNAR ORBIT TODAY. AND IT’S EXPECTED TO SOMETIME IN JANUARY LAND ON THE DARK SIDE OF THE MOON. AND THIS IS EXCITING BECAUSE ALL OF THE MISSIONS THAT WE HAVE HAD THE APOLLO MISSIONS HAVE GIVEN US INFORMATION ABOUT THE NEAR SIDE THAT WE CAN SEE IN THE SKY. BUT THE BACKSIDE HAS NOT BEEN INVESTIGATED TO THE SAME DEGREE. THE RESEARCHERS ARE HOPING TO YOU HAD THE SURFACE OF THE MOON ON THAT SIDE AND A DEEP CRATER THAT SHOULD HAVE A DIFFERENT COMPOSITION.>>AND THE SPACECRAFT IS CALLED THE CHANG E TO YOUR. AND IT WILL BE INVESTIGATING A GOOD SPOT WHERE IT WILL LOCATE. BUT TELL US A LITTLE BIT ABOUT WHAT MYSTERIES MIGHT STILL BE UNCOVERED ON THE FAR SIDE OF THE MOON?>>ONE OF THE THINGS THAT IS INTERESTING THERE IS A DEEP IMPACT CRATER ON THAT SIDE THAT IS THOUGHT TO HAVE MATERIALS ROCKS THAT ARE DIFFERENT FROM WHAT WE SEE ON THE NEAR SIDE. IT MAY HELP US UNDERSTAND THE COMPOSITION OF THE MOON. YOU ARE RIGHT IT IS A SECRET WHEN THAT IS GOING TO HAPPEN THAT IS PAR FOR THE COURSE FOR THE CHINESE GOVERNMENT. HOPEFULLY WE WILL GET INFORMATION SENT BACK BY SATELLITE IN THE NEW YEAR.>>AND THESE ARE IMAGES OF THE FAR SIDE OF THE MOON THAT WE NEVER SEE BUT IT WAS FIRST PHOTOGRAPHED IN 1959. THAT WAS BY A SOVIET SPACECRAFT. WHAT DOES THIS TELL US ABOUT CHINA’S AMBITIONS ABOUT A LUNAR MISSION AND A MANNED LUN — CREWED LUNAR MISSION?>>THERE DEFINITELY SEEMS TO BE STRONG INTEREST FROM THE CHINESE GOVERNMENT TO BECOME A GLOBAL SUPERPOWER. ANYONE WHO IS READING NEWS IS AWARE OF THAT. SO THIS IS ONE OF THEIR OPPORTUNITY TO GET AHEAD IN THE NEXT SPACE RACE, THE MOON RACE. THERE IS INTEREST IN SENDING ASTRONAUTS TO THE MOON AND TO GET AHEAD GLOBALLY. WE’LL SEE.>>LET’S MOVE FROM OUR MOON TO ONE OF SATURN’S MOONS AND THAT IS TITAN. YOU ARE MORE EXCITED ABOUT TITAN THAN OUR MOON. SCIENTISTS HAVE RECEIVED A $1.1 MILLION GRANT TO STUDY THE POSSIBILITIES OF LIFE ON TITAN. TELL US ABOUT THIS.>>TITAN IS EXCITING BECAUSE WE HAVE SEEN FANTASTIC DATA FROM THE CASSINI MISSION THAT PEOPLE MAY REMEMBER UNONE OF THE MOONS THAT HAS THE MOST POSSIBILITY FOR HAVING LIFE, THE ATMOSPHERE AND ET CETERA. THE NEW GRANT IS AN OPPORTUNITY FOR RESEARCHERS TO NOT HAVE TO LEAVE THE PLANET BUT IN THEIR LABORATORY TO REPLICATE THE ENVIRONMENT ON TITAN WHICH IS VERY, VERY COLD IT’S VERY,VIE HIGH PRESSURE.>>AND THAT PREVIOUS IMAGE WE SAW IT IS A SPOT BUT HERE ARE IMAGES OF THAT MOON. WHICH AS YOU SAID IS THE ONLY MOON IN OUR SOLAR SYSTEM THAT HAS ANY SIGNIFICANT ATMOSPHERE BUT THE QUESTION IS WHETHER THERE IS WATER UNDERNEATH THIS FROZEN LAYER. BECAUSE RIGHT NOW, WE THINK IT’S JUST MOSTLY METHANE. TELL US WHAT IT IS THAT THE SUSPICIONS ARE?>>WELL, SO THERE IS LIQUID LAKES OF METHANE. ONE OF THE THINGS WE KNOW IN THE SEARCH FOR LIFE ANYWHERE IN SPACE IS THAT WE’RE LOOKING FOR WATER. WE ARE LOOKING FOR WATER BECAUSE LIFE AS WE KNOW IT ON EARTH REQUIRES WATER TO SURVIVE. THIS OPPORTUNITY TO REPLICATE TITAN’S ENVIRONMENT IN A LABORATORY WILL ALLOW RESEARCHERS TO TEST EXISTING MICROBES THAT EXIST ON EARTH TO SEE HOW THEY SURVIVE. CAN THEY SUSTAIN LIFETH THAT ENVIRONMENT AND DO NEW LIFE FORMS, FORM OR IS THERE EVIDENCE OF LIFE THAT CAN HELP US UNDERSTAND WHAT COULD BE HAPPENING ON TITAN.>>AND THIS IS A CUTAWAY, AN ARTIST’S ILLUSTRATION WHAT IT LOOKS LIKE AND IF THERE IS WATER UNDERNEATH THAT SURFACE WE SEE THAT BLUE RIBBON THERE BUT THAT IS FAR, FAR BELOW THE SURFACE THAT IS 60 MILES BELIEVED TO BE IF IT EXISTS. SO IF WE SEND A PROBE GETTING TO IT WILL BE TOUGH. ELABORATE MORE WHAT THEY ARE GOING TO DO AT THE LABORATORIES HERE AT UIC, BECAUSE THE ENVIRONMENT IS EXTREMELY HARSH FOR LIFE.>>THAT IS RIGHT. INCREDIBLY HIGH PRESSURE. VERY, VERY LOW TEMPERATURE. AND SO WHAT THE RESEARCHERS ARE DESIGNING IS A CLOSED ENVIRONMENT THAT ACTUALLY WILL BE ABOUT THE SIZE OF A GOLF BALL INTENSE PRESSURE AND COLD THAT THEY WILL SAMPLE BUT WE ARE TALKING ABOUT MONTHS AND YEARS TIME SCALES TO TEST TO SEE WHAT IS IN THAT PARTICULAR ENVIRONMENT IT WILL HAVE TO BE HANDLED QUALIFYLY AND MICROBES WILL BE TESTED OUT AND IT REMAINS TO BE SEEN WHAT THEY WILL FIND AND HELP US UNDERSTAND LIFE HERE ON EARTH.>>WE ARE A LONG WAY OFF BEFORE WE GET CONCLUSIONS.>>FOR SURE BUT IT’S SUPER EXCITING.>>LET’S MOVE BACK TO EARTH AND THE UNDERGROUND ECO-SYSTEM SCIENTISTS DISCOVERED THERE IS MORE LIFE UNDER THE EARTH’S SURFACE THAN ON THE EARTH’S SURFACE TELL US ABOUT THIS.>>THIS IS A PROJECT THAT IS ALMOST IN THE 10TH YEAR THERE ARE MORE THAN A THOUSAND SCIENTISTS FROM 50 COUNTRIES WHO HAVE BEEN LEVERAGES ADVANCEMENTS IN DRILLING TECHNOLOGY AND DNA SEQUENCING AND THEY HAVE BEEN ABLE TO DRILL THREE MILES BENEATH THE SURFACE AND THEY HAVE IDENTIFIED A ENTIRE NEW ECO-SYSTEM OF MICROBES AND BACTERIA AND MORE OF THEM ENEMAS THAN HUMANS ON THE SURFACE OF THE EARTH.>>AND THIS MINE IS IN SOUTH AFRICA. SO THESE WERE ALREADY MINES THAT EXISTED BUT THEY CONTINUED DIGGING DOWN.>>AND IT IS A COLLABORATION AND THEY HAVE BEEN ABLE TO DIG DEEPER THAN EVER BEFORE AND THERE IS JUST A PUSHING OF THE LIMITS. EVERY LIMIT THAT WAS THOUGHT TO BE FOR LIFE AS IT EXISTED ON EARTH IS BEING PUSHED EVERY TIME THEY HAVE THE NEW DISCOVERIES.>>HERE IS ONE OF THE ORGANISMS THEY HAVE DISCOVERED UNDERNEATH THE SURFACE OF THE EARTH AND WHILE IT LOOKS OMINOUS AND BIG IT IS A MICROSCOPIC ORGANISM.>>THIS IS A NEMO TOAD A WORM.>>BUT THAT LEVEL OF LIFE THAT WE ARE TALKING ABOUT.>>VERY HARD TO SEE AND SMALL IT REQUIRES NEW MICROSCOPIC TECHNIQUES TO SEE THINGS ON THIS SCALE.>>AND IT HAS IMPLICATIONS TO OUR PREVIOUS TOPIC WHICH WAS ON TITAN AND WEATHER THERE’S LIFE THERE. WHAT ARE THE IMPLICATIONS OF THIS DISCOVERY ON OTHER WORLDS?>>SO, SOMEWHAT SIMILAR TO TITAN THIS ENVIRONMENT IS HIGH PRESSURE IT’S DEEP, DEEP IN THE EARTH AND HIGH TEMPERATURE. THERE ARE OTHER PLACES ON THE EARTH THAT ARE HOT. SPRINGS THAT WE KNOW MICROBES EXIST IT HELPS US YOU HAD WHY THERE MIGHT BE OTHER LIFE FORMS IN OUR PLANET AND ELSEWHERE WHERE WE THOUGHT THEY COULDN’T BE BECAUSE WE THOUGHT THINGS COULD NOT LIVE IN THAT HIGH PRESSURE TEMPERATURE.>>AND AN EXCITING STORY AND THAT IS THIS POSSIBLE CURE FOR HIV. LET’S NOT SAY THAT THEY ARE NEAR IT BUT TELL US A LITTLE BIT ABOUT THAT.>>SO ONE OF THE THINGS ABOUT HIV THAT HAS BEEN KNOWN FOR SOMETIME IS THAT THERE ARE ACTIVE STATES WHERE THE VIRUS INFECTS THE CELLS OF OUR IMMUNE SYSTEM AND TAKES THE CELL HOSTAGE AND MAKE COPIES OF THE HIV DNA THAT IS HOW THE VIRUS SPREADS. BUT THERE IS A LATENT INFECTION WHERE THE VIRUS IS PRESENT BUT THE CELL IS NOT DIVIDING.>>AND THE GREEN SPOTS ARE THE HIV VIRUS.>>IT’S BEEN KNOWN THERE IS A GENE PATHWAY TO TURN THAT ON AND OFF AND RESEARCHERS HAVE DONE MODELING WITH COMPUTERS AND ALLEGE RICHES TO ALLEGE RHYTHMS HOW THAT CAN BE TURNED ON AND OFF.>>THEY ARE REPORTING ENCOURAGING RESULTS.>>IT IS A LONGTIME BEFORE THE TREATMENTS ARE COMING BUT IT COULD OPEN THE DOOR FOR A NEW FORM OF TREATMENT FOR THIS DISEASE.>>RABIAH MAYAS ALWAYS FUN AND INFORMATIONAL TAKING TO YOU. COMING UP NEXT BREAKING DOWN SOME OF THE NOTE WORTHY POLITICAL STORIES. [♪♪♪]>>THE MAYORAL CANDIDATES HOLD MULTIPLE FORUMS THIS WEEK BUT ONE CANDIDATE IS ABSENT PLUS GOVERNOR-ELECT PRITZKER INVITES THE FOUR TOP LEGISLATIVE LEADERS TO DINNER A DAVID AND GOLIATH BREWS IN A RACE AND MORE INFORMATION IS REVEALED AFTER THE FEDERAL RAID OF ALDERMAN ED BURKE THERE IS A LOT TO GET TO IN OUR SPOTLIGHT POLITICS AND JOINING ME ARE AMANDA VINICKY AND PARIS SCHUTZ TO BREAK IT DOWN. GUYS LET’S BEGIN WITH WHAT IS GOING ON WITH THE MAYORAL FORUMS. THERE WERE TWO YESTERDAY, PARIS, YOU WERE AT ONE. AND ONE BIG NAME WAS ABSENT.>>THERE WERE TWO YESTERDAY AND ONE TOMORROW. BILL DALEY DECLINED THE INVITE FOR THE TWO YESTERDAY AND DECLINED THE ONE FOR TOMORROW. AND THE BIG NAME CANDIDATES ARE APPEARING AND I ASKED THE DALEY CAMPAIGN WHAT GIVES AND THEY SAY HE IS OUT OF TOWN RAISING MONEY. HE HAD THE COMMITMENTS BEFORE HE WAS INVITED TO THE FORUMS. SO THEY DO SAY HE WILL START APPEARING IN JANUARY. BUT HE HAS BEEN CONSPICUOUSLY ABSENT. PRECKWINKLE, SUSANA MENDOZA, CHICO, VALLAS WERE ALL AT THE FORUMS.>>HE IS ALREADY HAS THE MOST MONEY OUT OF ANY OF THESE CANDIDATES AND SO USING THOSE CONNECT SHOPS TO BRING IN MORE PRESUMABLY HE WILL GET MORE ATTENTION.>>AND WHY OUT OF STATE? WHO IS INTERESTED IN THE MAYOR’S RACE?>>AT WHAT POINT DOES IT MATTER? THERE’S THE OPTICS THAT HE IS NOT SHOWING UP. BUT IS THIS INFLUENCING ANY MINDS?>>YOU DON’T SEE A LOT OF NEWS CAMERAS AT THE FORUMS SO THEY ARE INSULAR IN THE COMMUNITY THE PEOPLE IN THE AUDIENCE CARE YOU SAW TONI PRECKWINKLE TOOK A LOT OF HEAT FROM LORI LIGHTFOOT AND GARRY CHICO AND THE OTHER DYNAMIC WAS SUSANA MENDOZA SAT BACK AND LET THE CROSSFIRE HAPPEN.>>THIS IS AN OPPORTUNITY FOR CANDIDATES TO SORT OF FUEL ONE — FEEL ONE ANOTHER OUT TO GAUGE HOW THE OPPOSITION PERFORMS IN THESE VENUES AND PRESUMABLY IF YOU ARE GOING TO BE SPENDING A NIGHT ATTENDING A COMMUNITY FORUM YOU ARE MOTIVATED TO VOTE. PRESUMABLY DALEY IS MAKING A CALCULATION THAT IT’S EARLY AND A CROWDED STAGE MIKE BEYER GETTING MONEY HE CAN AIR COMMERCIALS AND ATTENTION DEFICIT HYPERACTIVITY DISORDERS AND THAT WILL EARN HIM MORE VOTES THAN A LESSER ATTENDED THAN THE EYES THAT WILL SEE THE ADS.>>THE IMPLICATION PILING ON TONI PRECKWINKLE THAT SHE IS THE STRONG FRONTRUNNER IN THE RACE AND THEY NEED TO START ATTACKING HER?>>IT COULD BE. YOU SAW SUSANA MENDOZA AS A FRONTRUNNER AND NOW SHE IS HAVING TROUBLE WITH THE PETITIONS. SO PRECKWINKLE, THERE ARE CANDIDATES THAT THE WOULD LIKE TO FACE PRECKWINKLE IN A RUNOFF BECAUSE SHE HAS UNION SUPPORT IF YOU ARE MORE BUSINESS FRIENDLY CANDIDATE IT WOULD MAKE A RUNOFF COMPETITION.>>IN A SENSE YES, THE LEADER BECAUSE ME IS, OF COURSE, THE HEAD OF THE COOK COUNTY DEMOCRATIC PARTY. THAT IS POWER RIGHT THERE. HAS THAT UNION ENDORSEMENT AND WHEN YOU HAVE THAT YOU HAVE THE PEOPLE THAT KNOCK ON THE DOORS AND THE MONEY THAT COMES WITH IT. CERTAINLY AND FURTHER NAME RECOGNITION.>>AND LET’S MOVE ON TO THE ISSUE WITH ED BURKE AND THE FEDERAL INVESTIGATION. BECAUSE WE HAVE REPORTING LATE THIS AFTERNOON FROM WBEZ HE HAS TAKEN ON TWO HIGH POWER ATTORNEYS DATING BACK TO THE OPERATION GRAY LORD SCANDAL WHAT CAN YOU TELL US?>>THIS IS REPORTED BY WBEZ HE HAS TAKEN ON TWO LAWYERS. JENNER AND BLOCK. ONE IS A FORMER U.S. ATTORNEY HERE. SO YOU ALSO SEE BURKE THIS WEEK GETTING CHALLENGED. HIS POWER CHALLENGED ALDERMEN INTRODUCING AN ORDINANCE TO TAKE THE WORKERS COMMON AWAY AND LORI LIGHTFOOT AND TONI PRECKWINKLE NOW SAYING IF THEY ARE MAYOR THEY ARE TAKING THAT OUT OF HIS HANDS.>>AND JUST SAYING THAT IN A STATEMENT. SHE DID NOT COME OUT AND THIS IS AN ISSUE IN ONE OF THE FORUMS AS WELL.>>CHALLENGED HER TO COME OUT AND AGREE.>>NEW REVELATION ABOUT PETER ANDREWS BURKE’S TOP POLITICAL AIDE AND THE F.B.I. VISITED HIM FIRST BEFORE THEY RAIDED CITY HALL. WHAT CAN YOU TELL US ABOUT THAT?>>VISITED HIM WE DON’T KNOW THERE WAS NO SEARCH WARRANT FOR THAT IT WAS THE SAME DAY AS THE RAIDS. AND REPORTING BY “THE SUN TIMES” REVEALED THAT IN ADDITION TO TAKING PAPERS, COMPUTERS FROM BURKE’S POLITICAL OFFICES THEY GRABBED HIS CELLPHONE.>>AND WHAT DO YOU THINK THEY CAN LEARN FROM PETER ANDREWS’ CELLPHONE.>>BURKE’S CELLPHONE.>>BURKE’S.>>WHO HE CALLED WHO HE TEXTED WHO CALLED HIM. I DON’T KNOW.>>IT’S ODD BECAUSE THERE ARE OTHER WAYS FOR THE F.B.I. TO GET AT THAT INFORMATION. BUT WHO KNOWS WHAT SORT OF NOTES OR OTHER THINGS THAT HE HAD STORED 0 AND HIS PHONE AND WHAT THE SEARCH WARRANT COVERED CERTAINLY THAT HAS TO BE A MESS ON TOP OF EVERYTHING ELSE. IT WOULD MAKE ANYBODY GO CRAZY. MAYBE IT’S PARTIALLY JUST THAT.>>AND IT HAS PUT HIS REELECTION BID UP FOR QUESTION, HASN’T IT?>>HE IS FACING A CHALLENGE FROM TWO CHALLENGERS, THREE IF THEY STAY ON THE BALLOT. AND HIS WARD IS MAJORITY IS HISPANIC 80%. HE WAS FACING A TOUGH REELECTION BATTLE BEFORE IF HE GETS IF THIS INVESTIGATION LEADS TO SOMETHING ELSE, IT WILL BE MUCH TOUGHER FOR HIM.>>AND ONE OF THE CHALLENGERS IS DAVID KRUPA.>>DAVID KRUPA IS IN THE THIRTEENTH WARD.>>HE IS CHALLENGING MARTY QUINN. MADIGAN’S ALLY. AND MADIGAN’S POWER BASE THE 13TH WARD AND DAVID KRUPA HAS COME FORWARD EXPOSING WHAT THE MADIGAN FORCES TRIED TO DO TO GET HIM OFF THE BALLOT BY GOING DOOR-TO-DOOR TO PEOPLE WHO SUPPOSEDLY SIGNED PETITIONS FOR KRUPA SAYING HEY SIGN THIS SAYING YOU DON’T SUPPORT HIM. SO THE AFFIDAVITS FOR WITHDRAWAL. THERE IS A BUSINESS POSSIBLE LEGAL KERFUFFLE AND THIS IS GOING ON IN OTHER CAMPAIGNS IN THE MAYOR’S RACE JERRY JOYCE WAS CHALLENGING THE PETITIONS OF BILL DALEY HE WITHDREW OUGHT ADMITTED TO DOING THE SAME THINGS GETTING AFFIDAVITS BY PEOPLE WHO SIGNED THE PETITIONS GETTING THEM TO REVOKE THE SIGNATURES AND PETITIONS. THE DALEY CAMP SAID THERE’S BEEN INTIMIDATION. JOYCE CAMP DENIES IT. THESE ARE PREELECTION GAMES THAT ARE STANDARD IN CHICAGO POLITICS.>>THE GAMES ARE STANDARD BUT THIS IS A NEW TURN OF EVENTS.>>IT MAY NOT BE LEGAL. PEOPLE THAT DID NOT SIGN THE ORIGINAL PETITION FOR KRUPA THAT SIGNED THIS AFFIDAVIT THEY ARE EXPOSING THEMSELVES TO POSSIBLE PER PERJURY.>>THE GOVERNOR INVITING THE FOUR TOP LEGISLATIVE LEADERS TO DINNER.>>LAST NIGHT THEY HAD DINNER AT PRITZKER’S MANSION AND PRITZKER ASKED ABOUT IT AND HE SAID THEY HAD CHICKEN, MEAT, POTATOES.>>WE HAD KIND OF CHICKEN, MEAT AND POTATOES. IT WAS A FAIRLY NORMAL DINNER, YOU MIGHT IMAGINE AT OUR HOME. AND WE TALKED ABOUT ALMOST EVERYTHING EXCEPT POLITICS.>>AND PRITZKER SAID THAT THEY STAYED FOR LONGER THAN HE WOULD HAVE ASSUMED. SO PRESUMABLY, A GREAT TIME BY HE AND THE FOUR LEGISLATIVE LEADERS.>>SEE IF THAT TRANSLATES TO WHAT HAPPENS AFTER JANUARY 14TH.>>COMPROMISE.>>LIBATIONS PERHAPS.>>THANK YOU VERY MUCH. ONE OF CHICAGO’S LEADING AND HISTORIC INSTITUTIONS HAS UNDERGONE A PARTIAL MAKEOVER IN TIME TO COMMEMORATE THE YEAR 1893. THAT IS NOT ONLY THE YEAR THE NEWBERRY LIBRARY INNING A RATED THE BUILDING BUT THE YEAR THAT THE COLUMBIAN EXPOSITION OPENED THE GATE TO THE WORLD. THE NE BERRY WITH COLLECTIONS IS SHOWCASING ITSELF AND THE EXPOSITION IN A RENOVATED SPACE DESIGNED TO WELCOME MORE VISITORS. WE RECENTLY BROUGHT YOU THE STORY AND HERE IS ANOTHER LOOK.>>THE ELEGANT AND IMPOSES EXTERIOR OF THE NEWBERRY LOOKS AS IT DID ON OPENING DAY IN NOVEMBER 1893. BUT ITS LOBBY HAS UNDERGONE A $13 MILLION RENOVATION.>>TO BRING THE WONDERFUL 1893 BUILDING UP-TO-DATE.>>A NEW VISITORS CENTER AND EXPANDED BOOKSTORE ARE AMONG THE NEW AMENITIES AND INCLUDING TWO NEW EXHIBITION SPACES THAT CAN BETTER SHOWCASE THE NEWBERRY’S COLLECTIONS.>>THE OLD SPACE WAS BROKEN UP INTO SMALLER SPACES AND NOW WE HAVE LARGER SPACE WITH BETTER LIGHTING AND MORE STATE-OF-THE-ART TECHNOLOGIES.>>THE EXHIBIT IN THE NEW SPACE IS CALLED PICTURES FROM AN EXPOSITION THAT WOULD BE THE 1893 COLUMBIAN EXPOSITION WHICH OPENED MONTHS BEFORE THE BUILDING DID. BECAUSE THE NEWBERRY OPENED IN 1887 AND WE OPENED THE BUILDING IN 1893 WE WERE ALREADY COLLECTING MATERIAL AT THE TIME OF THE FAIR. WE WERE ABLE TO GET SOME THINGS LIKE SOUVENIR ALBUMS AND OTHER THINGS FROM THE FAIR AT THAT TIME.>>AND THERE IS NO SHORTAGE OF EFEMARA FROM THAT AFFAIR. THE NEWBERRY HAS MUCH OF IT SUCH AS THIS SCRAPBOOK CONTAINS A WORKMAN’S PASS AND THE IMAGES OF THE CONTROVERSIAL EXPLORER AFTER WHOM THE FAIR WAS NAMED. THE FAIR OFFERED VISITORS PLENTY OF SOUVENIRS INCLUDING THESE PLAYING CARDS. THERE WERE SONGS WRITTEN AND SHEET MUSIC SOLD CENTERING ON THE FAIR. AND, OF COURSE, THERE WAS THE WORLD’S FIRST FERRIS WHEEL. THE EXHIBIT INCLUDES THIS RARE REPRODUCTION DESIGNED AS A POSTCARD DISPLAY. WHILE THE COLUMBIAN EXPOSITION SHOWCASED CULTURES FROM AROUND THE WORLD THE PURPOSE WAS TO SHOW THE WORLD THAT CHICAGO HAD RISEN FROM THE ASHES OF 1871.>>CHICAGO IS ANNOUNCING NOT ONLY IT’S COME BACK FROM THE FIRE BUT IT’S CULTURAL SOPHISTICATION. WE DON’T HAVE STOCKYARDS AND GRAIN ELEVATOR BUT WE HAVE THE FINE PALACES THAT LOOK AND RIVAL ALL THE GREAT BUILDINGS OF EUROPE.>>ONE OF THE MOST FASCINATING OBJECTS IN NEWBERRY’S EXHIBIT IS THIS NEVER BEFORE EXHIBITED PAINTING BY ARTIST WL DODGE. IT WAS A STUDY FOR THE MASSIVE INTERIOR DOME OF THE ADMINISTRATION BUILDING. BUT THE WORK WENT LARGELY UNNOTICED FOR ABOUT A CENTURY UNTIL A WOMAN FOUND IT IN HER NEW HOME.>>SHE BOUGHT A HOUSE IN RIVERSIDE IN THE 1990s AND THIS WAS JUST IN THE HOUSE. IT WAS IN THE HALLWAY AND SHE DIDN’T KNOW WHAT IT WAS. AND THEN ONE OF HER FRIENDS SAID THIS MIGHT BE SOMETHING IMPORTANT AND IT LOOKS LIKE IT IS A SOPHISTICATED ARTIST WHEN SHE STARTED DOING RESEARCH AND ASKING AROUND AND THE TRAIL LED HER TO THE NEWBERRY AND WE SHOWED HER THE SCRAPBOOK AND THE PIECES FELL INTO PLACE HERE AT THE LIBRARY.>>THE COLUMBIAN EXPOSITION WAS A FLEETING SHOWCASE LASTING ONLY SIX MONTHS. THE BUILDING THAT IS NOW THE MUSEUM OF SCIENCE AND INDUSTRY IS THE ONLY LARGE SCALE REMNANT OF THAT MASSIVE ACHIEVEMENT. BUT FOR A FLEETING FEW MONTHS VISITORS CAN EXPERIENCE THE WONDER OF ONE OF CHICAGO’S SHINING MOMENTS IN THE NEWBERRY’S NEW EXHIBITION SPACE.>>IT’S FREE AND OPEN TO THE PUBLIC AND ON DISPLAY ONLY THROUGH DECEMBER 31. AND WE HAVE MORE ON THE NEW, NEWBERRY ON OUR WEBSITE AND IMAGES.>>A “CHICAGO TONIGHT” VIEWER REMEMBERS HELPING AN ARTIST PAINT VIVID RAINBOW STRIPES ON WACKER DRIVE AS A TEENAGER BUT CANNOT RECALL THE ARTIST’S NAME. GEOFFREY BAER KNOWS WHO IT IS AND HE IS HERE TO TELL US ABOUT THAT ARTIST AT THE END OF THE RAINBOW AND MORE IN TONIGHT’S “ASK GEOFFREY”. HELLO. AND THAT QUESTION COMES FROM…>>WE DISCOVERED A LOT. THE MURALIST THAT OUR VIEWER KATHY REMEMBERS WAS NAMED SACHIO YAMASHITA. HE LIVED IN CHICAGO FOR SEVERAL YEARS IN THE 1970s. HE WAS KNOWN FOR THE BRILLIANTLY COLORED MURALS OVER THE CITY MOST OF WHICH ARE GONE TODAY. INCLUDING THE MURAL THAT KATHY WORKED ON WHICH WAS TITLED BALANCE OF POWER. YAMASHITA WAS BORN IN JAPAN AND IMMIGRATED TO THE UNITED STATES IN 1968. TO WORK AS AN ARTIST IN RESIDENCE AT PRAIRIE STATE COLLEGE AND AFTER THAT HE SETTLED IN CHICAGO AND HE STARTED COLLABORATING WITH OTHER ARTISTS IN LAWNDALE NEIGHBORHOOD CALLED ART AND SOUL. AND YAMASHITA AND VOLUNTEERS COVERED THAT BUILDING’S FACADE IN A RAINBOW-STRIPED MURAL A MOTIVE THAT BECAME — MOTIF THAT BECAME HIS SIGNATURE AND IT PREDATES THE SYMBOL OF THE RAINBOW FOR THE LGBTQ COMMUNITY THAT BEGAN IN 1977. SOON HE WAS PAINTING MURALS ALL OVER THE PLACE, PLAYGROUNDS, COMMERCIAL BUILDINGS, SHOPPING MALLS. HISTORIAN SAID THAT THE YAMASHITA’S GOAL WAS JUST TO CREATE ART EVERYDAY. AND IN CHICAGO HE WAS ESPECIALLY MOTIVATED TO BRIGHTEN WHAT HE PERCEIVED AS LIKE A DARK AND GRAY CITY. ONE OF HIS WORKS THAT VIEWERS MIGHT REMEMBER IS THIS ONE THAT IS A BLOWN UP VERSION OF A JAPANESE PRINT DEPICTING WAVES IN OLD TOWN AND THAT MURAL IS GONE NOW, TOO.>>WOW THAT THAT IS TOO BAD. IS ANY OF THIS WORKOUT THERE?>>VERY LITTLE REMAINS. IT IS AMAZING HE WAS PROLIFIC AND NOW ALL BUT FORGOTTEN. OUR PRODUCER FOUND AMAZING PHOTOS. MANY CHICAGOANS ARE FAMILIAR WITH ONE SURVIVING WORK BY YAMASHITA. AND IT’S ON THE FRONT OF THE BILLY GOAT TAVERN ON LOWER MICHIGAN. YAMASHITA PAINTED THAT RAINBOW GOAT ABOVE THE WINDOWS IN EXCHANGE FOR BEER AND CHEESEBURGERS.>>WHAT BECAME OF SACHIO YAMASHITA?>>YAMASHITA WENT ON TO PAINT PROMINENT MURALS IN OTHER MIDWESTERN CITIES. HERE IS ONE IN NEILAND, NEBRASKA PART OF THIS MURAL IS VISIBLE TODAY. HE MADE HIS WAY TO THE WEST COAST IN THE 1980s HE SETTLED IN SAN FRANCISCO AND HE CONTINUED PAINTING UNTIL HIS DEATH IN 2009 AT THE AGE OF 76.>>WOW. HERE IS A QUESTION THAT COMES FROM INSIDE THE HOUSE. THIS IS OUR PRODUCER. ONCE IN A WHILE WE ASK OURSELVES A QUESTION.>>DON’T YOU LOVE THIS. THERE IS THE BUILDING. AT DIVISION AND CICERO ON THE SOUTHWEST CORNER AND IT HAS THE NAME PINES WINTERFRONT ON THE FRONT OF IT. AND THERE’S ORNAMENT THAT GIVES A CLUE TO THE PRODUCT. THIS ORNAMENT LOOKS LIKE A SHIELD IS A REPRESENTATION OF THE ACCESSORY THEY PRODUCED WHICH IS CALLED A WINTERFRONT. BACK IN THE EARLY DAYS OF AUTOMOBILES ONE OF THE PROBLEMS WITH DRIVING IN COLD WEATHER WAS THAT THE WATER IN THE CAR’S RADIATOR COULD FREEZE. AND THIS WOULD CUTOFF THE CIRCULATION OF THE COOLING WATER AND THE ENGINE IN THE WINTER WOULD OVERHEAT. AND THE RADIATOR IN A CAR SITS IN THE FRONT BEHIND THE GRILL. TO AVOID FREEZING FOLKS WOULD PUT A BLANKET OVER THE GRILL TO KEEP THE COLD AIR OUT. SOME NICER MODELS OF CARS BACK IN THOSE DAYS HAD LOUVRES IN THE FRONT BUT YOU HAD TO OPEN AND CLOSE THEM MANUALLY TO CONTROL THE COLD AIRFLOWING OVER THE RADIATOR.>>LIKE BLINDS.>>RIGHT. SO NOT AN IDEAL SOLUTION BUT A MAN JAMES RALEIGH CAME UP WITH A BETTER IDEA. HE PATENTED A THERMOSTATICLY CONTROLLED AUTOMATIC WINTERFRONT. IT WAS AN AFTER MARKET ACCESSORY THAT USED A THERMOSTAT TO OPEN AND CLOSE THE SHUTTERS AUTOMATICALLY AND WE SAW AN ACTUAL WINTERFRONT IN PERSON THIS IS INSTALLED IN A 1932 LINCOLN KBV12 FROM THE AUTO COLLECTION AT THE CHICAGO VINTAGE MOTOR CARRIAGE COMPANY. IT LOOKS LIKE THE GRILL BUT IT IS AN AFTER MARKET THING. AND IT TOOK THE GUESSWORK OUT OF THE OPERATION. AND IT WARMS UP THE OPERATING TEMPERATURE AND THEY OPEN UP AGAIN. BACK IN THE 20s, THE INVENTION WAS A HIT. SOON WINTERFRONTS FROM HIS COMPANY PINES WINTERFRONT WERE SOLD AT SERVICE STATIONS AND FROM THE SEARS CATALOG AND BUSINESS WAS GOOD ENOUGH THAT THEY BUILT THIS BUILDING A FACTORY THAT WE SAW. AND IT WAS BUILT IN 1929 BY THE FIRM OF MUCHDY AND JENSON. AND MUNNDY WAS A PIONEER AND ARCHITECT IN THE EARLY DAYS OF THE CHICAGO SKYSCRAPERS.>>I NEVER PURCHASED A WINTERFRONT. SO I’M GUESSING THE PINES WINTERFRONT IS NO LONGER AROUND.>>IT DID NOT LAST LONG AND THE NEW BUILDING BY THE 30s IT WAS TEMPERATURE CONTROLLED TECHNOLOGY ADVANCED IN CARS MAKING THE WINTERFRONT OBSOLETE. IN THE EARLY DAYS THE AUTOMOBILE AS THINGS WE THINK ARE STANDARD WERE AFTER MARKET ACCESSORIES LIKE HEADLINES AND A REARVIEW MIRROR. PINES WINTERFRONT DISSOLVED IN 1940 AND THE BUILDING WAS SOLD TO THE ARMY AND TODAY IT HOUSES A FACTORY THAT MAKES POLY PROPYLENE WEBBING THE STUFF TO USE LIKE STRONG LUGGAGE STRAPS.>>PROBABLY PURCHASED ONE OF THOSE. IT’S GOOD THAT THE BUILDING IS STILL AROUND WITH THEIR NAME AND LOGO.>>THOSE WERE THE DAYS.>>THANK YOU SO MUCH. AND YOU CAN FIND MORE ON THIS AND OTHER “ASK GEOFFREY” STORIES ON OUR WEBSITE.>>AND THAT IS OUR SHOW FOR THIS WEDNESDAY NIGHT. DON’T FORGET TO STAY CONNECTED BY SIGNING UP FOR OUR DAILY BRIEFING AND JOIN US TOMORROW NIGHT LIVE AT SEVEN. CHRISTOPHER KIMBEL STOPS BY TO TALK ABOUT QUICK BUT TASTY MEALS YOU CAN MAKE AT HOME. AND CARICATURES OF HISTORICAL FIGURES FOR THE “NEW YORKER MAGAZINE”. AND FOR ALL OF US HERE AT “CHICAGO TONIGHT” I’M EDDIE ARRUZA THANK YOU FOR WATCHING AND GOOD NIGHT. [♪♪♪]

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