A republication of our Wirepoints article.
Pension actuary: “The only way to avoid the Scylla and Charybdis twin perils of underfunding or volatility and unsustainably high contributions is a Defined Contribution plan (or, failing that, risk-sharing pension plan) in which contributions are nothing more than a routine part of payroll expenses, year-in and year-out.”
Lori Lightfoot’s “State of the City” speech could be something new: a speech by a Chicago mayor that means something.
“There was a time, not so long ago, when it would have been laughable to suggest Democrats kick Madigan to the curb. That time is over.”
“It seems that Mr. Obama may have messed with the wrong bunch of environmentally sensitive stakeholders. On Thursday a federal agency called the Advisory Council on Historic Preservation said in a letter to the Federal Highway Administration that the plan needs more study and that it’s ‘concerned that not enough detail is provided to properly characterize the nature and intensity of the adverse effects to the cultural landscapes’ of Jackson Park and Midway Plaisance, another park nearby.”
Illinois is more dependent on food stamps than any other neighboring state
Comment: This is a sad but significant low point for legal reasons we will write about shortly.