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.
Carvana reminds me of the claw machines where nobody can grab a 10 cent rancid smelling bear but parents spend $20 to keep some crying kid from having a tantrum. Maybe we should have a large claw machine full of politicians. Hopefully one with a broken claw.
Carvana has all kinds of problems, and these issues seem to be the tip of the iceberg. Those car dispensary towers were such an expensive gimmick and its not surprising their entire business model was a gimmick too.
Lol, sounds like it was managed by the city council!