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An interesting history. Japanese-Americans didn’t end up in Chicago of their own accord: The U.S. government forcibly resettled 20,000 of them to the city from World War II incarceration camps. And, as part of that effort, the government pressured them to shed their Japanese identities and assimilate into white society.
The result? Unlike cities on the West Coast, Chicago’s “Japantown” was not official and it was short-lived.
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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