-- 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 the past 10 years my home voltage has been a constant 123 volts. In the past five months or so it has dropped to 118 volts. That is the typical voltage you would have had in the 1960’s. Something is definitely up here, I don’t appreciate them lowering it like this. I suspect they are finally implementing actual reductions based on smart metering data. It sucks.
This is why smart meters.
“Burning coal and gas also creates things like steam, which often is used in industrial processes, and some manufacturers are trying to figure out how they’ll get it in the future. You can’t generate steam from hydro, solar, or wind power.” Boy, those unintended consequences really suck, don’t they?
To conserve electricity during a shortage, first disconnect all the EV’s,