-- 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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It’s just reporting. It doesn’t make a difference. Maybe costs the business a postage stamp.
How do you categorize a neutered white male—oh i forgot that will be me after couple more years in chicago,,and nobody wants me on there board
Well I for one am relieved someone has finally addressed this, the most important issue in Illinois.
This is America, right? I can’t really tell anymore.
I still believe that they will actually “progress” to the point of selecting my employees for me, eventually.
I don’t even know why I list my title as “CEO.” I’m just the middle man, and the government makes all my decisions for me.
Let’s review the gender makeup of Operating Engineers Local 150 executive board:
Paul
Don
Ron
Christopher
Randy
George
Darryl
Wayne
Scott
Shannon
Richard
David
Patrick
Maybe one female?
I see your point. The Operating Engineers were transparent about their leaders on their own, but public companies need a law to disclose their leaders.
What’s next? Corporate boards must have people all with different hair color. More people with freckles. Various height and weight requirements. Both normal and abnormal blood pressure must be represented. Who wants someone on a board that could stroke out by making a decision.
JB-whos obviously never had a job in his life, is really such a brilliant entrepreneurial mind! I mean just think of how much more money companies will make by having to disclose these social justice warrior laws, the tax coffers will be overflowing with money! People will be flocking to live in this great state!
Companies will make money if they have diverse hires because they will be drawing talent from a larger pool of people.
More business friendly ideas! Keep them coming!