-- 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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Can anybody confirm BIPA only applies companies operating in Illinois? I read outher stories that other states have on books or are currently writing similar bills to BIPA to try and cash in on the easy $
Right or wrong this may convince White Castle to not remain or expand in Illinois. This becomes another win for Pritzker because the more people out of jobs increases his voting base of individuals dependent upon the Government for their living expenses creating more of the usual vote for a living vs work for a living.
If this doesn’t make more business leave, nothing will. The private sector is doomed in Illinois. Everyday Illinois does something to discourage the free enterprise system.
How Yet Another Misguided, Ham-Handed, Democrat Law Is A Drive-By On Business
“The dissent’s reasoning was sound: Because an entity can obtain a person’s biometrics only once, the subsequent scans are not obtaining or collecting a scan – the entity already had the scan and nothing new was collected.”
The logic of the dissenting justice brings to mind the old saying that; the definition of insanity is doing the same thing over and over again and expecting a different result.
If nothing new was collected each time, then why did White Castle keep collecting new biometrics from the same employees?
Does your iphone collect or obtain a new biometrics scan every time it compares your phone with your face? Or is it just comparing your face with the scan that’s on the phone already before unlocking the phone? And are the subsequent scans used to compare your face collected or obtained because they are not stored? Or because they are only stored in RAM? It’s parsing words here. The problem is the intent of the statute to bankrupt companies and pay off lawyers. The harm caused is so trivial compared to the damages. The ILSC said it was constitutional but… Read more »