-- Connecting the dots between our economy, government and business --
According to the Great Cities Institute at the University of Illinois Chicago, suburbs including Riverside, Western Springs and Broadview have seen their Latino populations grow by 60% to 80% in just 10 years. “I think it’s just that kind of immigrant family, work-hard sort of vibe,” he said. “If no one else is going to do it, it’s like, ‘Hey, we’ll step up and do it.’ ” This entrepreneurial spirit is why Latinos are one of the fastest growing entrepreneur groups in the country.
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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
I live in a very diverse suburban area at least 100 different languages spoken in a 5 mile radius; However, my specific suburb is quite small and not diverse (which progressive lament every chance they get). But I swear, as soon as every person within that 5 mile radius gets some $$$ and wants to go ‘upscale, their first destination is my suburb. So much so that entrepreneurs are businesses here now too. There’s one particular ethnic restaurant here that is extremely, extremely popular and non-white from towns over come here just to eat here. Which is OK, I have… Read more »