-- Connecting the dots between our economy, government and business --
In 2022, Chicago’s film industry had its biggest year ever, with nearly $700 million of film expenditures, Jonah Zieger, deputy commissioner of the Chicago Film Office, said. That all came to a halt last summer when SAG-AFTRA and the Writers Guild of America went on strike, sparking across the country.
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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Anyone that can’t see that AI is soon to replace almost everyone in this industry is extremely naive or myopic.