-- 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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City’s Latest Attempt To Stamp Out Small Business Treats Vape Sellers Like Drug Dealers
This is also a by-product of normalizing marijuana usage. Vices attract vices. The act of smoking is the act of smoking, regardless of what is being smoked.
LOL. Vape and gym shoe stores are merely a symptom of hollowed out neighborhoods. Rent is super cheap because the residents of the neighborhoods don’t spend money. There are too few former residents and the new residents are too poor to support local businesses. My former hometown went latinks and eastern european as immigrants replaced the natives. I’m on google maps now, looking at the local strip mall near my house. The strip mall is half vacant. The former ice cream shop is now a boost mobile, the four stores next to that are vacant, there’s two low rent ‘salons’,… Read more »
The harsh LED lighting vaping stores use is criminal enough.