-- Connecting the dots between our economy, government and business --
A public policy professor tells a tale involving Oak Park & River Forest High School, 'race-based grading' and people who so badly wanted a story to be true, they didn't care that it wasn't.
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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Crain’s Chicago Business — Chicago’s Anti-Business Business Newspaper — is a cesspool of Marxist Myths and Left Wing Lies. Crain’s is the Amber Heard of Business Journalism.
Amber at least looked hot at one time.
Curious, how many times has Crain’s commented on the numerous fake news stories over the past few years??????
Surprised they didn’t call it Russian disinformation.
Fake headline, maybe. However, the underlying data indicate that this story deserves the ‘mostly true’ rating. It isn’t race based, but it is outcome based.