-- 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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For some historical perspective, here’s a history of Civil unrest in Illinois, per a Wikipedia list. 1855 – Lager Beer Riot, April 21, Chicago. 1877 – Widespread rioting occurred across the US as part of the Great Railroad Strike of 1877 including the Chicago railroad strike of 1877 in Chicago and the Saint Louis general strike, in July, in East St. Louis. 1886 – Haymarket riot, May 4, Chicago. 1894 – Pullman strike participants burn World’s Columbian Exposition buildings, Chicago. 1898 – Battle of Virden, October 12, Coal strike; 11 killed, 35 wounded, Virden, IL. 1899 – Pana riot, April… Read more »
So I wonder how many on that list weren’t staged by leftists, because I’m guessing that number is 0.
The preceding was evidence that a riot occurred in Chicago on May 30, 2020 and May 31, 2020.
Call a spade a spade, Mayor Lightfoot, Governor Pritzker, and the media.
A riot, not a violent protest.
Chicago has been sacked, not by outsiders or foreign invaders, but by it’s own residents. This is not the Gauls, or the Mongols, or the Turks, but the progressives and their groups: Antifa and BLM. After these sad turn of events, I truly believe that the country just took a hard turn red. Sure, social media and the MSM amplifies the “blame trump” aspect of this, but the roving mob of unwashed masses is quite literally the antithesis to conservative values, and i think that most people looking in from the outside fail to see the distinction between ‘protestors’… Read more »
CBS 2 Chicago – ‘We Lost Macy’s,’ Police Official Says. Posted May 31, 2020.
http://www.youtube.com/watch?v=p7209MGUx8o
NBC Chicago – See What Downtown Chicago Looks Like After Night of Destruction Following Protests. Posted May 31, 2020.
http://www.youtube.com/watch?v=4CDoJ2_xglo
Chicago Loop/Downtown Chicago Riot Aftermath [05.31.2020]
http://www.youtube.com/watch?v=T__uf-87E64
Chicago Riot Police Scanner streamed live May 30, 2020.
http://www.youtube.com/watch?v=KhZ1mEhFVrc
http://www.youtube.com/watch?v=Zc3TFBwf4Kg
http://www.youtube.com/watch?v=7KZ9zw6iLTc
We have seen this unrest play out in France, Germany, England, where the citizens have no rights or protection against criminal immigrants, terrorists and thugs.
Democrat governors, politicians, mayors, are bringing this scenario to America and your city. They are the enemy within.
Groot is sympathetic to Antifa and BLM – it’s part of her program.
Enjoy the misery Chicago – you voted for it.
It’s finances are on fire. Might as well torch a few building to go along with it.
Many of these skyscrapers have been figuratively burned, if not actually burned. Business may support progressives causes but they don’t support mayhem. Every corporate CEO right now is reevaluating their office space needs in city centers. This will be devastating.
The virus was a handful of nails in the commercial real estate coffin. The failure of our local and state politicians to provide safety for their residents (who are the employees who populate the tall buildings) may be one of the last.
I think it’s crazy that the looters were starting the storefronts in residential buildings on fire. Sometimes hundreds of people live in these skyscrapers and they could all die. Arsonists should absolutely be killed on the spot.
I know of a large employer that just extended their work from home policy until Aug 1st. I’m guessing it was no coincidence after the events of this weekend. Not good for all the businesses that those employees support when they are at work in the city.