-- 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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What an Alice in Wonderland-like world we now face. The big “white shoe” law firms were once representational of “best money can buy” in legal representation, touting their Ivy League-caliber academic and professional credentials as grounds for their high hourly-rates. Now, evidently, I can retain Mayer-Brown to virtue-signal my support of “equity”, with no assurance that I’m being represented by “cream of crop” lawyer. Nope, apparently I’m now just as likely to represented by a POC lawyer who has ridden the affirmative-action train to Mayer Brown (Lightfoot, for instance) hired to window-dress firm’s “diversity goals”.
I guess I’d prefer to entrust any legal affairs to a firm that hires and promotes based on merit, but that’s just me.
All those Ivy League and Big 10 grads, with 160+ LSAT scores at Mayer, all that hard work, long hours and sweat they put in to get that BigLaw job, no it wasn’t merit, it was their skin color and personal connections. What abunch of crock
I wouldn’t worry too much. They’ll still have the best and brightest handling the important work. Then they’ll have window dressing staff that allow them to check all the right boxes and demonstrate how woke they are. They’ll pay up for that window dressing, but it’s chump change when they know it protects them from attack by the progressives.
The Director of Diversity & Inclusion at Mayer Brown says that meritocracy is a myth!
Next he’ll tell us water isn’t wet! And the sky isn’t blue! And the world isn’t round!
Hmmm…. Mayer Brown! Isn’t Lori a spawn of Mayer Brown! Just asking for Arne.