-- 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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“As protests continued for the second day, Mayor Lori Lightfoot announced a citywide curfew from 9 p.m. Saturday until 6 a.m. Sunday.”
That would be 9PM Saturday May 30, 2020 – 6AM Sunday May 31, 2020.
https://patch.com/illinois/elmhurst/s/h4py3/windows-smashed-several-arrested-chicago-george-floyd-protests
This website is being updated with information regarding the George Floyd protests in Chicago including:
Smashed window at the Kay Jewelers at the Palmer House Hilton.
Looting at the State Street Macy’s.
Vandalizing structures near the Trump Tower.
Throwing water bottles at the police.
https://chicago.cbslocal.com/2020/05/30/live-updates-protests-in-chicago-in-wake-of-death-of-george-floyd
Phase 3 Coronavirus COVID-19 opening in Chicago is a fail.
Dave Savini of CBS 2 chicago reports and records that a police car is on fire at Madison and Dearbon in downtown Chicago at 7:45PM or so today May 30, 2020.
https://chicago.cbslocal.com/video/4571536-george-floyd-protests-unmarked-cpd-car-on-fire-in-loop/
https://twitter.com/davesavinicbs2/status/1266896324265496579?s=20
https://twitter.com/davesavinicbs2/status/1266896134406111232?s=20
1968 all over again
As they say over at SCC…Stay fetal!
Way to go Mayor Lightfoot and Governor Pritzker.
Allow crowds of protestors and use language which fuels that fire, but just less than a week ago one couldn’t attend church or go to the sporting goods store..
Selective social distancing.
What, the protestors are better suited to your political agenda?
Encouraged! By the removal of stay-at-home and stand down on large gatherings
What if the protesters start praying?
I remember when about a dozen squad cars and 20 CPD officers showed up to one of my businesses on a New Year’s Eve to give the business tickets and potentially shut it down because a bunch of older people had arranged for a semi-private event with a DJ and acoustic guitar. The event was a “public performance” (they said) and since a resident nearby didn’t like that, she called the alderman and asked that he shut it down. He obliged and this was the result. It never ceases to amaze me how heavy the hand of CPD and Chicago… Read more »
Maybe Chicago will eventually get like San Francisco. There you will get a ticket for jaywalking, but public defecation or shooting up is OK. And after shooting up, it’s OK to toss the needle on the ground – that type is littering is approved by the mayor.
The new Democrat normal. Cities where you can get arrested for opening a business but not for looting one.
I’m sure this will all end well.