-- 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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I actually miss reading the Trib while riding Metra home after work. The paper began its decline under the Clinton Administration, getting worse during the Bush 43 years. It was a slow descent into DNC madness. I gave up on the Trib after enduring years of puff pieces from Kristi Parsons. Her writing gave the impression that she was spasming in orgasm with every press of her keyboard. Reading her throbbing missives and odes to all things Obama were laughable were they not being presented in the news sections of the old paper. The complete abandonment of basic journalistic standards… Read more »
Best thing about the Tribune for me was the Sunday edition, remember how big it was took most of the day to read. Unfortunately those days are long gone.
I cancelled my subscription after the Trib didn’t print ONE, Letter to the Editor about an article written by Heather McDonald called: Stone Cold Silence. The papers email no doubt was filled with people commenting, and yet they didn’t print one letter; not only that, the letters that they did print were the usual dribble about who-cares nonsense. That was 2010, and I’ve only read it a handful of times since.
Megan Crepeau may be gone from the Trib, but Heidi Stevens is back. Hope Eric Zorn still gone for good. Not that it matters, haven’t subscribed to Trib for over six years, even though I see they’re almost giving subscriptions away for free. What does that tell you?
It tells me they’re struggling to retain readers, plain and simple. When you start practically giving away subscriptions, it’s a clear sign the demand isn’t what it used to be. Maybe it’s the quality of the content, or maybe people just aren’t relying on traditional news sources like they used to. Either way, it’s definitely reflective of a bigger shift in the way folks consume media these days.
Mainstream media-print, radio and TV- are all far left. They do not report news that could expose the left agenda. They all use carefully edited quotes to support their cause. If someone wants to get the complete news, then go to other news outlets.