-- 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’d prefer to take my chances on the redline than be trapped in Pedway! At least on the redline you could get between the cars and jump for you life. The Pedway is a caged fight.
Based on a few calls downtown in the last few months i don’t think i would be shocked if over 30% of people stay working remote.. the offices i visit are in no hurry to get people back in the office gonna look like the late 70s downtown again …
Interesting that the Loop Alliance said they don’t keep track of businesses closed during the pandemic. I would guess they have this data but won’t release it for obvious reasons.
I think they are called Morlocks!
Thanks for the laugh.
Or CHUD cannabalistic humanoid underground dwellers
I was on state street not too long ago. Gone are businessmen walking from one place to another. State St. seemed pretty busy around lunch time but the crowd seemed mostly purple haired multiple piercings weirdos. I felt out of place as a normal looking guy wearing business casual. The tourists seem far and few between but the barista and wildling crowd were well represented.