-- 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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The unspoken truth behind getting rid of tips is that tipping is a cultural practice widely ignored in many communities. They just don’t tip. So the server really is being paid less than minimum wage because of the customers tip, and those that tip, don’t tip well. We all know this, none of this is a surprise.
Not much of a tip is to be expected when “ dine and dash “ or one person ordering all you can eat and proceeding to feed their water drinking table mates is increasing common. More than one server has related such incidents. Tip, schmip!