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"Belvidere’s turnaround preceded the Trump administration. It was led by local people who didn’t give up on their community when its major employer, the Stellantis plant, was idled in early 2023. And it was aided by the United Auto Workers, who negotiated a national contract with Stellantis that included a promise to reopen the plant."
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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Belvedere is going to bounce back big time when the Stellantis (formerly Chrysler) new EV battery and parts facility is finished and opened……….wait a minute, they cancelled that project.