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“The central business district has an opportunity to feed the desires that exist,” Johnson said. “It’s really going to require us to be thoughtful, to be innovative and, yes, to take some risks. But that’s who we are as a city.” Johnson said industries that are the focus for development include logistics, manufacturing, clean energy, biotech, quantum computing and life sciences, all of which he said have the ability to grow and create jobs.
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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Just platitudes. A typical, vacuous answer from Johnson
PEOPLE UNCLEAR ON THE CONCEPT: While Pushing One Business Hostile Plan After Another, Marxist Mayor Johnson Says Business Should ‘Partner’ With His Administration — An Administration That Has Declared War On Business