-- Connecting the dots between our economy, government and business --
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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It costs about $50,000 a year there. Was the quality of their product worth that even before Covid, with in person classes? Maybe, but most likely it was overpriced. Remove in person classes, and tell everyone paying that 50 large to go learn “Google style” instead and what you have now is a worthless product to sell. Id say their product now is worth maybe 10 grand at the most with it going online.
“Google style”
That’s probably even worse than e-learning in Zoom. Google is an awful, corporate mess of propaganda. It’s authoritative sources are Wikipedia, NYT and WaPo. Any facts that don’t agree with these three sources are considered conspiracy theories or fake news and are downgraded, if not flat out censored.