-- Connecting the dots between our economy, government and business --
The founder of Freedman Seating Co. exhibited its seats for horse-drawn carriages at the 1893 World’s Fair. Today, with 700 employees on the West Side, its seats are in trucks used by UPS, FedEx and the U.S. Postal Service.
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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Not blaming the company, but that is the basic problem with these trade deficits. How come all their components come from other countries? You can get burned relying on foreign manufacturers and supply lines. Covid taught us that. With the high foreign tariffs, shouldn’t US manufacturers be able to be competitive? Can’t happen overnight, but seems like there are opportunities for some ambitious entrepreneurs to fill the void.
I feel sorry for them; they are one of tens of thousands of businesses that Trump is destroying.