-- Connecting the dots between our economy, government and business --
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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Crime is down! Everyone is happy too! Lori is getting her hair did for the big celebration. Toro stock rises.
No fireworks scheduled for June-teenth but pistols still make a lot of noise. To each tribe belong its own rituals … and cultural suppression is probably at least a misdemeanor.
Here’s a list and some info on each. This seems to be more updated.
https://graphics.suntimes.com/homicides/