-- 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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Race and Ethnicity in North Lawndale.
Type – Percent (rounded) – Count
White – 2% – 692
Hispanic – 6% – 2,033
Black – 91% – 32,700
Asian – 0% – 74
Mixed – 1% – 250
Other – 0% – 128
Total – 35,877
http://statisticalatlas.com/neighborhood/Illinois/Chicago/North-Lawndale/Race-and-Ethnicity
Demographics of North Lawndale.
Population (2010) – 35,912.
Area – 3.21 square miles.
Population density – 11,187 per square mile.
Per-capita income – $12,548.
Households below poverty level – 38.6%.
Unemployed – 18.5%.
Living in crowded housing – 7.2%.
No high school diploma – 30.4%.
Under 18 or over 64 – 40.9%.
http://crime.chicagotribune.com/chicago/community/north-lawndale
Crime reports in North Lawndale.
September 21 – October 21, 2016.
106 Violent Crimes, consisting of:
Robbery – 27.
Battery – 27.
Assault – 27.
Homicide – 1.
Sexual assault – 2.
159 Property Crimes, consisting of:
Theft – 71.
Burglary – 26.
Motor vehicle theft – 23.
Arson – 2.
151 Quality-of-Life Crimes, consisting of:
Criminal damage – 87.
Narcotics – 29.
Prostitution – 3.
416 Crimes, which is an average of 14 crimes per day.
http://crime.chicagotribune.com/chicago/community/north-lawndale
The attack occurred at Kedzie and Roosevelt in North Lawndale / Homan Square (the neighborhoods meet at that intersection).
The building in the background is a McDonald’s at 3200 W Roosevelt Road.
Across Kedzie from McDonald’s is Lawndale Terrace Apartments at 3158 W Roosevelt Road, which AFL-CIO Housing Investment Trust rehabbed.