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.
Hermes, meet Louis Vuitton.
Hermes: Louis, what’s with those shattered storefront windows? Tsk-tsk.
Vuitton: Welcome to Chicago, my storefront guy’s on speed-dial. Let me introduce you to my friends here, Dior, Gucci, and Bottega Veneta; they’ve got same guy on speed-dial too. We’re all steady customers, you’ll be too.
Not shown behind the front glass doors are security doors that look like a bank vault. Same with the side door. I’m guessing the windows are also security windows.