-- Connecting the dots between our economy, government and business --
The state announced the winners of 79 licenses to grow, infuse and transport marijuana products this week. Officials touted that 67% of the winners identify as nonwhite and 83% qualified for social equity status.
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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Question is, now that its plain to see the whole equity pot licensees deal was just another insider scam and with city forking over their share of pot revenue to pensions that was supposed to go to “systemically dis-invested” neighborhoods of color, if your were one of the countless naive hipsters that when around and protested and marched for all this bs don’t you have to feel like a chump? you’ve been $equity hustled$ big time and you ain’t even cashen in on any of the $green$.
All clouted scum. Eddie winters a crooked cop gets taken care of. Equity equals clout or black.
Funny, most of them did not respond to a request for comments. You would think they would want to proclaim how great this is for equality, or equity, or whatever bs is the in vogue term.