-- 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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Business travel was frequently an excuse to get out of the office and goof off and everybody knew it! Team Building and other pre-woke nonsense! As discretionary funds dry up, so does business travel! The best one was an industry meeting that was a really a shopping trip to Singapore. Not me, I preferred trips where you carried golf clubs instead of a boring presentation portfolio.
There’s this new thing — called Zoom — and it has killed business travel for good.
And those who do travel for business won’t be coming to the unflushed crime toilet that is Chicago.