By Jim Dey, includes “The people of Illinois can run, but they can’t hide from the financial bad news that is engulfing them. On Monday, S&P Global Ratings issued a gloomy financial analysis that suggested the state’s already-anemic bond rating is in danger of falling into ‘non-investment grade’ — junk — status. That came on the heels of a report by Chicago-based Truth-in-Accounting that ranked Illinois’ financial standing as the second worst in the nation. It finished No. 49, just ahead of No. 50 New Jersey.”