-- 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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They may want jobs but can they do the jobs ?
Their demands are as extensive as they are expensive. They don’t own the land or the entity creating the research campus yet they wish to control it and secure exclusive benefits from its creation. If there is any chance of this CBA succeeding, the developer should walk away. Then they will keep exactly what they have today (which apparently is very dear to them).
Are these people qualified to work there?
And what exactly are the educational requirements to work in a skilled position in a “quantum computing center?” My guess that the ability to read, write and perform math equations. This is something Chicago area schools are hard pressed to do. Also do you really think preventing a company from screening potential employees for criminal records might be a good idea as this center will probably process a lot of sensitive data on people and companies? These people are looking for a handout.