-- Connecting the dots between our economy, government and business --
Developers building a $9 billion quantum computing campus on the South Side promise a surge of high-tech investment. But some neighbors fear displacement and pollution.
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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Good article. Growing up in South Chicago the mill was a place where “you could always get a job” and my father worked there for decades. Must say I miss the occasional orange/brown cloud hovering over the area.
When the area changed from being Euro-ethnic to Mexican and then mostly black the residents got out. tt wasn’t racism, it was crime. That’s been the stopper in development but I would move back after almost 5 decades. In some odd way, I miss the area. …..
They should also fear unemployment, I would think.
Only a fool will build in Chicago/Illinois.