Yet another large company is leaving behind the crime-ridden city of Chicago.
The hedge fund firm known as Citadel will be moving its operations to Florida, citing a more business-friendly environment.
When are the leaders of Chicago going to start getting the message?
CBS News reports:
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Billionaire Ken Griffin moving Chicago-based hedge fund Citadel to Miami
Ken Griffin, the richest man in Illinois, is moving his Chicago-based hedge fund to Miami.
In a note to employees at Citadel, Griffin announced he already has moved his family to Miami, and will soon be bringing the company with him, though some Citadel employees will remain in Chicago.
“Chicago will continue to be important to the future of Citadel, as many of our colleagues have deep ties to Illinois. Over the past year, however, many of our Chicago teams have asked to relocate to Miami, New York and our other offices around the world,” Griffin wrote. “We recognize that the choice of where to call home involves personal, family, school and other considerations, and we will provide comprehensive support to meet the needs of our teams.”
A spokesperson points to Florida’s business-friendly climate and Chicago’s violence as reasons for the move, saying, “talent wants to live in cities where they feel safe.”
According to a company spokesman, Citadel has about 1,000 employees in Chicago. It’s unclear how many of them will be relocating.
Citadel Securities, a related e-trading firm also owned by Griffin, also will be making the move to Miami.
Chicago is bleeding tons of business, and a lot of it has to do with crime.
“I’ve had multiple colleagues mugged at gunpoint. I’ve had a colleague stabbed on the way to work. Countless issues of burglary. I mean, that’s a really difficult backdrop with which to draw talent to your city from.”
— Josh Kraushaar (@HotlineJosh) June 23, 2022
It’s going to hit Illinois right in the wallet, too.
About tax revenue hit IL will take from Citadel’s Miami move: A Citadel spox tells @FreeBeacon that Ken Griffin pays over $200 million annually in state income tax, and that Citadel employees have paid over a billion in state income tax in past decade –
— Eliana Johnson (@elianayjohnson) June 23, 2022
The entire business landscape of the country is changing right before our eyes.
Cross posted from American Lookout.
District attorneys could be a last defense against abortion bans
District attorneys in more than 10 states where abortion is now banned or likely will be soon have committed to not prosecute people for obtaining abortions, following the Supreme Court’s Friday decision overturning Roe v. Wade.
In a joint statement Friday, more than 80 elected prosecutors argued that doing so would abuse their offices’ limited criminal justice resources, though many are from states that are supportive of abortion rights.
“Not all of us agree on a personal or moral level on the issue of abortion. But we stand together in our firm belief that prosecutors have a responsibility to refrain from using limited criminal legal system resources to criminalize personal medical decisions,” their statement says. “As such, we decline to use our offices’ resources to criminalize reproductive health decisions and commit to exercise our well settled discretion and refrain from prosecuting those who seek, provide, or support abortions.”
They argue that criminalizing abortion will make the procedure less safe by pushing it underground and isolating those who need it from law enforcement, medical, and social resources, as well as force medical providers to make “impossible decisions.” That’s particularly true in cases of sexual abuse, rape, incest, human trafficking, or domestic violence.
“Prosecutors, police, and our medical partners cannot do our jobs when many victims and witnesses of crime or other emergencies are unwilling to work with us for fear that their private medical decisions will be criminalized,” they said.
District attorneys are becoming a last line of defense for abortion rights as states start to activate preexisting “trigger” laws that were designed to outlaw abortion after the Supreme Court overturned Roe. But there are also limits to how much they can resist bans and shield abortion providers from criminal and financial liability.
District attorneys have more power to shield abortion providers in some states than in others
In some states, those district attorneys will be able to use their extensive legal discretion to decide whether abortion bans will be enforced at the local level. That’s the case in Louisiana, where a trigger ban went into immediate effect Friday that imposes maximum criminal penalties for doctors or others who terminate pregnancies of $200,000 fines and 15 years in jail for late-term abortions.
“District attorneys in Louisiana have unbridled discretion to decide what sorts of cases to prosecute and which sorts of offenses to let go unprosecuted,” Loyola University New Orleans law professor Dane Ciolino told WWL-TV.
Jason Williams, the district attorney for Orleans Parish, Louisiana, has already indicated that he does not intend to enforce the trigger law.
But in other states, including Texas, district attorneys’ refusal to enforce abortion bans may have a limited impact. Under Texas’s trigger law, which will go into effect 30 days after the Supreme Court issues its official judgment in the case overturning Roe, the state’s Republican attorney general, Ken Paxton, could override local district attorneys and go after abortion providers and funds.
The Texas law creates first- and second-degree felony offenses for providing or aiding in any abortion starting at fertilization that carry up to lifetime prison sentences. Paxton can’t prosecute abortion providers under the law on his own. But he can unilaterally seek potentially ruinous civil penalties — up to $100,000 per abortion — against them.
There’s also no guarantee that a district attorney can protect abortion providers from criminal liability forever. Some are elected and others appointed, so they could be replaced by someone who wants to prosecute providers. Though prosecutors can stem the enforcement of trigger laws somewhat, there’s only so much they can do now that Roe has been overturned.
Mississippi gas storage facility sending half a ton of methane into the atmosphere every hour
A small gas storage facility in Petal, Mississippi, is making a big impact when it comes to methane emissions. According to Inside Climate News, the station owned by Gulf South Pipeline and its parent company, Boardwalk Pipeline Partners, sends half a ton of methane into the atmosphere every hour. Recent data for the facility marks Petal Gas Storage as the top emitter of its kind, pumping out three-and-a-half times more methane emissions than any other gas storage station in the U.S.—and that’s just self-reported emissions. As with any aspect of the oil and gas industry, there’s little transparency and accountability to be had for companies like Boardwalk Pipeline Partners, which operates across many Gulf states, its more than 13,000 mile-long pipelines extending from Texas to Ohio.
There’s also little enforcement. As Inside Climate News notes, the Environmental Protection Agency tends to take a relatively mild approach to handling emissions issues from facilities like Petal and hasn’t really fought back, despite Boardwalk Pipeline Partners’ utter inability to follow industry recommendations released some 16 years ago. All of the blame truly lies with Boardwalk Pipeline Partners, as 99% of leaks leading to super-emitting events came from operational error, namely issues with reciprocating compressors that use pistons to compress gas. A component in those compressors known as isolation valves were more often than not found to be faulty, allowing for vast tons of methane to leak out.
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