-- Connecting the dots between our economy, government and business --
About a year into the pandemic, Arts Alliance Illinois reported $4.7 billion in cumulative losses for Chicago’s creative industries and more than $437,00 in average financial losses per Chicago arts and cultural organization, far higher than the national average loss at that point of $30,000 per arts and culture nonprofit.
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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Broke Chicago Spending Millions To Subsidize Privately Owned Theaters
We used to be theater patrons of quite a few north side theaters and started attending less before covid as the increasing woke nonsense was becoming louder in each quarter’s mailings and email blasts, by the time covid hit the theater community was 100% lock step behind the tyranny and lock downs. So fuq them. They get what they deserve. I hope they all go out of business. My wife and I will never support or attend any theater in Chicago, NY or LA or anywhere else for that matter ever again.
Traditional theater patrons are more likely to be Branch Covidians who altered their entire lifestyle.
The fruition of Lori’s handiwork!
The answer is have more Drag Queen shows for kids. Sick world we are in.
Don’t ask yourself why children may want to be around drag queens, ask yourself why drag queens insist on being around our children.
Good point!
This is happening in NYC too as tourists and suburbanites are fearful of visiting the city.