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.
Heard ctu is looking at buying this property for a massive indoctrination center. Humor only everyone
Also, I never understood why they built that behemoth off 90. Illogical expansion was in vogue, building empty facades. AT&T, Motorola, Sears Center or whatever it’s called. Now companies are fleeing Illinois and Porky is entertaining national office.
“Also, I never understood why they built that behemoth off 90.”
They built it back then for the same reason they abandoned the Sears Tower they built in the 1970’s. The City of Chicago was a crime ridden hole and everyone and everything with means moved to the suburbs.
Oh! Stop it! Sears sold crap for many years! Craftsman was OK, you could find a tool in the alley and exchange it for a new one!
I worked for Sears on the catalog team in the 80’s – early 90’s. I remember well when the idiot CEO sold catalog in 93 to fund “the softer side of Sears” campaign. Then guess what the very next year Amazon puts a catalog of books on the Internet, which became the behemoth of today. Sears would have surely been the “Amazon” of the world if it had vision then. I remember it was a massively top down operated company, all ideas and innovation had to come from on high, employees couldn’t innovate because they weren’t heard. It had the… Read more »
Business genius Eddie Lampert has destroyed one decent company and one failing company by combining their ownership. Sears could have survived but K mart was a basket case. Soon they will be in the same category as Ben Franklin stores and Woolworths, ie, just a memory. Lampert is planning to run whats left from two abandoned chinese shipping containers near a derelict steel mill.
Lampert was too dumb to transform the existing catalog business into an Amazon platform. Sears was the first Amazon and was nearly as efficient. A little advertising, some third party seller deals, and Sears could have crushed Amazon before it even started. 100 years from now they’ll still be teaching this massive business failure in schools.