-- 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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Wirepoints has published a whole series of articles recently showing that few “underrepresented” students have received K-12 education that would prepare them for university work.
The $100 million donation would be much better given to private K-12 schools so that these students could get the foundation that prepares them for college. There are already plenty of programs for qualified “underrepresented” students. Universities are falling all over themselves to enroll them.
$100 million virtue signal.
Isn’t Blackstone Real Estate Advisors a subsidiary of Blackstone? Haven’t they been heavily criticized for their role in the financial collapse of 2007? It’ll be fun when these colleges activists find out their entire college experience was funded by robber barons.
Isn’t the same toilet school that was putting tampons in the men’s bathrooms for ‘reproductive’ justice?
https://www.chicagotribune.com/news/ct-transgender-menstrual-products-20191112-2rqexd75efezhp2r4oy7njdmju-story.html
How far our longstanding institutions of learning have fallen!
In the day Jesuits had more class than that.
Yeah but the Jesuits are all on the hard left now. Total SJW’s. I went to a Jesuit high school and politics was not brought up back then, you were just there for a rigorous education. These Catholic universities are just money making entities, religion is not a guiding principle. DePaul is the same or worse.
Sorry to hear that … I’ve always had respect for the Order.
Isn’t it possible a white kid could be equally disadvantaged? Say, the child of a crack-addicted single parent, graduating from one of the failing Illinois schools we’ve been writing about?
Not only is it possible, it’s extremely likely. But this is a one way issue now, and when you only care about past injustices, you don’t consider the entire population of marginalized people. Interestingly enough, there are so many resources and programs dedicated to getting people of color into college, they may not be able to use all the funds. Why go to Loyola when you can go Ivy League for free!
Don’t forget Asians and Native Americans – apparently Loyola has.
The left has their pyramid of victims, and they always start on the top.
They’ve only recently added Asians to the pyramid during the Wuhan pandemic, albeit on the bottom of the pyramid. Of course it was only done because the left assumes that there’s something to exploit by adding them. Previously Asians were not on the pyramid because of the whole Ivy League admissions scandal.
There’s no white guilt from the rich over their own tribe, only disdain. Here’s the full F. Scott Fitzgerald quote which explains everything: “Let me tell you about the very rich. They are different from you and me. They possess and enjoy early, and it does something to them, makes them soft where we are hard, and cynical where we are trustful, in a way that, unless you were born rich, it is very difficult to understand. They think, deep in their hearts, that they are better than we are because we had to discover the compensations and refuges of… Read more »
Waste of money