-- Connecting the dots between our economy, government and business --
Officials from the Department of Intercollegiate Athletics say they inform the school’s athletes of their responsibilities but acknowledge they do not enforce compliance, despite the Illinois law requiring athletes to disclose all deals to their schools. The officials downplayed those failures by asserting that reporting is spotty nationwide.
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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Politicians don’t disclose all their financial deals so why should student athletes?