-- 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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Same goes for women customers
My spouse’s employer located downtown is majority women. They have a hard time hiring new employees because fewer seem willing to come Younger people aren’t as interested in the work from. They don’t want to work in downtown Chicago. They’ll work in other downtowns nationwide but just not Chicago.
Any woman who is still working downtown needs to read Bernie Goetz’s Guide for NYC Straphangers.
Well Uzma, have you been voting for Democrats?