-- Connecting the dots between our economy, government and business --
"A dozen years ago, five financially strapped city of Chicago pension funds invested $68 million in a shaky real estate deal put together by a former boss of President Barack Obama and a nephew of Mayor Richard M. Daley.... Not only did the pension funds not make a profit, records show they will end up losing a combined $54.2 million for the retirement plans." SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER
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Audio and summary Why the Holdup Using Artificial Intelligence to Cut Illinois Government Costs? – Wirepoints
May 19, 2026
10 Comments
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Note to readers from Mark Glennon re: Ukraine
May 6, 2026
4 Comments
Everybody needs a side hustle these days, and mine is Ukraine, where I am now.
Wirepoints’ Mark Glennon on AM560’s Morning Answer – Chicago’s struggling commercial real estate and more
April 22, 2026
5 Comments
Summary and audio linked here.
You’d think the firemen, policemen, teachers and city/state workers would demand 401k style retirement plans. Not one of them would invest in something as stupid as what these “professionals” did. Do these workers not care what these idiots are doing with their retirement money? The workers are paying their union to advocate for them; where is the union? Doesn’t the union care to do it’s job? Is the union in on the scam? Maybe the workers don’t care because they think the taxpayers will guarantee them an extravagant rate of return no matter how incompetently their funds are managed
Wow clearly a HUGE WIN/WIN for Vanecko and Davis. Gee, what could go wrong with “buy and develop properties in struggling Chicago areas” ? And the prospectus even described that the investment could lose ALL its money. Oh well, $50M is chump change in the totals for the plans.
I wonder what Davis paid Obama to do right out of law school……probably got trained in how to game the systems he’d be in.