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“Exports are absolutely crucial to the agricultural sector, particularly in the Midwest,” University of Illinois agriculture economist Gary Schnitkey told The Center Square. Soybean farmers, for example, export 50% of their crop. One of the failings of U.S. trade policy in the past few years, Schnitkey said, is the failure to remove non-tariff trade barriers with other countries, in particular with the Pacific Rim countries. “The idea of freer trade in agriculture has not been growing. We seem to be taking steps back. And that is not a good thing for the wellbeing of U.S. farmers,” Schnitkey said.
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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