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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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The tribune is a tool of blm and the leftist Chicago machine. They do not report fairly and are one sided hyping every equity racial cause. Hopefully Alden will fire every reporter starting with racist Greg Pratt. All their reporters are are clerks for Lori Lightfoot and her racist message intended to get her re-elected.
Robert Feder is concerned about what will happen in the newsroom. I have some information for Mr Feder. The trib has no newsroom. It does have a Directorate of Democratic Party Propaganda that actively disdains about half of the population. And that is why the once great newspaper can’t sell new subscriptions to save their failing operation.
All they need to do is actually live up to whatever statement of editorial policy they state. Be it left or right, and they will have an audience that trusts them. The problem with the trib is that their official editorial policy statement was very much for conservative, individualism, low tax, don’t trust government, etc. rightist values. But then they go out and publish a paper that is in total opposition to that, with the exception of Kass. This behavior makes their subscribers lose trust and cancel their subscription. Here is their editorial policy, it bears no resemblance to the… Read more »
“What comes next for our newsroom is uncertain”
I don’t really what comes next for you newsroom! Kinda hope your industry dies out!
Agree and good riddance to the Tribune. Your biased reporting and uptake of NYT and WP articles turned a paper that offered some sense of Midwest common sense into a liberal rag. I road the journey with you being a subscriber for over 35 years, and was very late to fully cancel, only about 2 years ago. The ridiculous internal attack on Kass showed there was no hope here. A loss for the City, however the reporting that trumpets any sniff of a police involved shooting and does not do the same when 5 or 2 year olds are shot,… Read more »
It’s unreadable drivel. Years back there was some bleeding heart article, on the front page of the Sunday edition, about a poor Mexican immigrant tamale cart owner who was being driven out of his community by gentrification, and the new residents were less interested in street food than the previous residents. The story lamented that this sad soul had no savings, no health insurance and no retirement. So sad, right? The real story, which of course was not included in the story, was I wasn’t going ot feel any sympathy for an illegal immigrant lived in the US for decades,… Read more »
You meant AP not WP (I hope!!)
WP is Washington Post
Phew.
The Chicago Contrarian has an excellent article about the Tribune’s fate. Most fascinating are quotes from an media executive who relates that the Trib has released A level reporters, replacing them with millenials who are not very good and merely stick a narrative. This leaves the Trib with B level people who in turn hire C level people. The quality of reporting suffers. Moreover, the Trib’s business sense is terrible. They are taking $630M from a hedge fund vulture – they have their place in the market – having turned down an $850M offer from Gannett years ago (with an… Read more »
I’ll check out that article. Interesting that the Trib hired younger millennials who stick to the narrative. My community’s local beat reporter reaches out to the local progressive Indivisible-like affiliated group for a quote with nearly every article. This group has about 50 members in a town of 30,000 people but they are quoted a couple of time a month in every ‘local’ article about virtually anything.
Thanks. We had missed that Chicago Contrarian article and have posted it now.
If this guy is “uncertain” and in charge, they are doomed. Seems to me he’s always been “uncertain” and should have been gone long ago.
If this guy is “uncertain” and in charge, they are doomed. Seems to me he’s always been “uncertain” and should have been gone long ago.