-- 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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From the archives of if it ain’t free we don’t want it! From the archives of reality: Tough Shit!
Not mentioned in the article is that Aldi wanted to sell liquor. Wonder if they were being squeezed for the liquor license. Like in the Sopranos when they tried to get Jamba Juice to pay protection money. What I’d really like to see is a P&L from this location and compare it to one from a store in Indiana. Then show those comparisons to all the angry politicians. Of course they wouldn’t understand how to read a P&L. Every line item on the expense side would be higher but you’d only need to highlight a few line items for comparison… Read more »
There were so many City agencies swarming the store for payoffs, Streets and San had to close Ashland.
Gangs are missing an opportunity. Protection racketeering can be lucrative.
Rather than the net profits from looting (~15% of retail value? minus attorney fees if any?) the gang could demand monthly payments for ‘protection’… or nowadays call it insurance against adverse events like organized looting coordinated on popular social media platforms which make no efforts to censor or ban such activity and associated user accounts.
Oh, no! Censorship of free speech?
Only conservative free speech is to be censored, not criminal activity.
Silly Susan!
Unfortunately the right wants to censor speech just as much as the left.
LOL Here’s what I think when the right wants to ‘censor’ speech
Your stick figure cartoon talks about the government not being able to regulate free speech, and I totally agree. The problem is both republicans and democrats in government are trying to regulate the speech they don’t like. Both parties are trying to rewrite section 230 of the Communications Decency Act because it allows too much free expression on the internet. When twitter decided in 2020 to fact check a couple of Trump tweets, Trump signed an executive order going after powerful media companies protected by section 230, because he didn’t like the way he was treated by Twitter. A private,… Read more »
Businesses take a risk by opening a store in neighborhoods such as Auburn Gresham. They are rewarded with unacceptable behavior and financial loss. Then, when they leave they are ridiculed. Residents are angry when the store closes without warning. If they had been notified the store would have been picked clean and destroyed. There’s no way to win in these neighborhoods until residents take some accountability. But the media never covers that when they write about another company leaving another neighborhood.
They call it ‘disinvestment’ when businesses in the community closed because of shrinkage and criminal activity.
Shrinkage? I was in the pool!!
https://www.youtube.com/watch?v=85MZ4c1EWkM
They take absolutely no responsibility for creating food deserts – just shout disinvestment, racism and whatever the catchword of the day is. Perhaps today, in honor of pride month, it’s anti-LGBTQIA+ too.
Ridiculous.
Pat S.
I always add BBQ to the letters after the +.
Maybe they can open on store on Michigan Avenue. Scratch that……
It needs to be repeated until it sinks in –
Cause -> Effect
Cause -> Effect
Cause -> Effect
Theft,theft that’s what it’s about the stealing thieves
Oh say its not so BURGLARIES who would ever have guess
Get ready for more stores to say ADIOS after the next Black Live Matter riots/looting/arson season