-- Connecting the dots between our economy, government and business --
“The Firearms Industry Responsibility Act will clarify my office’s ability to use the Consumer Fraud and Deceptive Business Practices Act, which is a primary tool available to hold businesses accountable for fraudulent or deceptive practices through civil litigation,” Attorney General Kwame Raoul said in a prepared release. “It is how my office has protected the public from opioid manufacturers, vaping companies, tobacco companies and predatory lenders.”
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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Attorneys are generally exempted from the ILCFDPA. Why?
https://lawecommons.luc.edu/cgi/viewcontent.cgi?article=1392&context=lclr#:~:text='%20Claims%20under%20these%20statutes%20are,in%20the%20practice%20of%20law.