Bulletin, Bulletin, Bulletin: Chicago's Daley Re-elected


Meanwhile, in a seemingly-unrelated story, on February 23 Chicago Mayor Richard M. Daley was re-elected. So? Well, money managers and stock exchanges donated more than $90,000.00 to his re-election campaign. Eight of the money managers actually handle money for city pension funds. A 1987 city ordinance limiting companies that have done or have sought to do business with the city from contributing more than $1,500.00 to any person seeking public office has an apparent loophole in that individuals are not limited, reports BNA. One other thing. The Mayor's opponent did not receive a penny from any money managers.