-- Connecting the dots between our economy, government and business --
We know more now, but distortions abound and key points remain unreported or unknowable.
Comment: It’s mostly voluntary, however. We needed widespread, forced consolidation long ago.
As two European developers work up plans to build 20,000 homes on the site of the former South Works steel plant, they face a big question: Who will live there?
Comment: With override of Rauner’s veto by the House doubtful, seems the Dems should be the ones asking for a compromise. The new ISBE data blow the case against Rauner’s amendatory veto out of the water.
“It grew 12 times faster than the system’s student population, which rose just six percent over the same period…. All spending numbers are inflation-adjusted.”
Sheesh: “As a feminist, transnational movement calling for an end to rape culture, we march in solidarity with all Palestinians suffering the impact of the State of Israel’s brutal policies.”
An interesting history. Japanese-Americans didn’t end up in Chicago of their own accord: The U.S. government forcibly resettled 20,000 of them to the city from World War II incarceration camps. And, as part of that effort, the government pressured them to shed their Japanese identities and assimilate into white society.
The result? Unlike cities on the West Coast, Chicago’s
Comment: Nowlan is right that pensions are our biggest problem, but this solution is wacky: “I think we should continue to build the trust funds [pension assets], but more slowly, and consider them as rainy-day funds to be drawn upon only in the event of a major Depression.” First, we’re not building them, we are depleting them. And reducing contributions to them only kicks the liability down the road, moving us towards a pay-as-you-go system which will be many times more expensive than a normal retirement benefit and would ensure that Illinois remains permanently crippled.
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