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.
“””For the past couple of months, I’ve been covering Indian-led hiring discrimination, visa fraud, and incompetence scandals at various American companies, including Capital One. I can now report that senior Indian managers at Capital One are accused of running a massive kickback racket that funnels millions through a hidden network of Indian-owned bodyshops firms in the Richmond, Virginia area. In short, American tech workers are pushed out of Capital One, replaced with underpaid H-1B, F-1, and H-4 visa holders with phony credentials while managers pocket the difference between inflated billing rates and the contractors’ low salaries. This is exactly the… Read more »