Chicago stores hit by looting are warily reopening. That doesn’t mean all the plywood is coming down. – Chicago Tribune

“If they loot again, there’s no way I want to put another $40,000 to $50,000 into a business I’ve been in since 1984, starting over as if I opened yesterday,” an Englewood salon owner said. “I put some aside for a rainy day, but this is a storm. This is like Hurricane Katrina.”

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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

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.

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