Wirepoints’ Mark Glennon on AM560’s Morning Answer
April 22, 2026
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Summary and audio linked here.
-- Connecting the dots between our economy, government and business --
"The thieves are intentionally targeting the highest of high-end merchandise," said Ald. Brian Hopkins. "It's increasingly clear to us that this is an organized operation that goes far beyond just the people who are on the front lines." Nearly identical hits have happened six times since Oct. 11.
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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades
April 3, 2026
9 Comments
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.
Those who want to buy the high-end stuff are able to get it elsewhere, probably delivered free to their gated residences. The stores will close; the landlords will lose money; the City will lose taxes and “life” will go on in an altered form. The teens will trade the booty for drugs. It’s a new Urban Economics, structured in a way that doesn’t seem to hurt the consumer or the manufacturer. Landlords probably have some sort of syndicated financing that will spread the loss among institutions and individuals looking for a 5% real estate segment in a portfolio. Probably no… Read more »
Great! How long has this been ignored by Lori. How about alerting anyone driving into the city with those overhead signs. Ya know active alerts! Maybe the signs aren’t big enough. If space is an issue use a smaller font so motorists drive into bridge abutments trying to read the sign. If they can’t read it, it doesn’t exists!