Another 39K file jobless claims in Illinois – Capitol News

At the same time, however, the U.S. Department of Labor reported a sharp increase in first-time claims for Pandemic Unemployment Assistance, the federally-funded program for independent contractors and others who don’t qualify for traditional unemployment insurance. Initial filings under that program rose 31 percent to 42,785.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

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.

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