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Crown recently spearheaded an initiative by the Civic Committee to raise tens of millions of dollars over the next several years to work with organizations and local leaders to help fight crime in Chicago; The idea is that collaboration is key to making Chicago the best it can be. Earlier this month, Crown said the hope is to improve safety throughout the city -- including for his employees, and for tourists who support Chicago businesses.
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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nice
Good to see Wirepoints has some CPS graduates contributing to the comments section.
Note to Self. Old Joe don’t take up car racing in your 70’s.
I did not know him but I know many people who did, who all say he was a terrific guy and very dedicated to helping the city. RIP.
Billionaires taking miles deep dives in the ocean in a experimental submarine, racing cars at 70 yrs of age, climbing mountains and other risky life choices makes sense to me
This was a good fellow with a lot of good ideas and the money to back them up. This news is a bad, bad day for his family and for the entire metropolitan area of Chicago.
Wait, isn’t this just the guy who said he could fix Chicago’s crime problem and reduce killings to less than 400 per year? And he dies several days later in a car accident?
Why a billionaire feels the need to drive race cars at age 70 is beyond me. Now we’ll never know if his theory on how to solve the crime problem was legitimate. I wasn’t optimistic.
He died on his 70th birthday.
Driving race cars at speed is exhilarating and exhausting. It requires intense concentration. I image that Mr. Crown enjoyed the thrill of driving fast and the fact that his mind was incredibly focused while on the track. He was a man with many interests and obligations, this was possibly the only time that he could ignore all of that and focus only on driving fast. It is cathartic. Modern race cars, that have been inspected by a sanctioning body, are really quite safe. I am curious to know what type of car he was driving? Street Cars are not as… Read more »
Even a roll cage and a multi-point harness have their limits. Hitting a wall or flipping/rolling have incredible g-forces. The human body can’t take that kind of punishment.