-- 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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They can all return to their former position as assistant dog groomers, helping out former realtors and mortgage brokers trim the nails of rich people’s dogs. It’s more honorable and honest work than writing propaganda for the billionaire establishment.
Chicago is a one-newspaper market at best. Keeping the Sun-Times open weakens both papers. If the Sun-Times folds, it will mean more resources for the Tribune, and, with luck, they’ll start doing a better job.
I disagree Dave. Detroit is a 2 newspaper town also and they’ve both gone to hell in a hand basket.
They only publish 3 days per week and put out a joint Sunday paper.
When I was kid they published 7 days a week and it only cost $1
The Sun-Times has 104 people on its editorial side, this says! Please tell me that’s a typo! Their product is garbage (though their coverage of city government is great, thanks mostly to Fran Spielman. And, in total, Sun-Times and WBEZ have 278 employees. Wirepoints has just four full-time equivalents. Dare I be so bold as to ask who has a fairer collection of news stories and higher quality commentary?
Mark, the GOOD news just keeps coming, the MSM is undergoing a “death blow”, lol…!!! https://nypost.com/2025/01/22/media/cnn-nbc-news-planning-mass-layoffs-report/ CNN plans to lay off hundreds of employees, cut costs; NBC plots firings “CNN boss Mark Thompson reportedly plans to announce mass layoffs Thursday – just days after he warned top on-air talent including Jake Tapper and Anderson Cooper that they ought to avoid “pre-judging” President Donald Trump… Thompson, the former BBC and New York Times executive, convened a virtual editorial meeting Sunday that included Tapper, Cooper and scores of other senior news personalities to discuss CNN’s coverage of the inaugural ceremonies that took… Read more »