-- Connecting the dots between our economy, government and business --
Moody’s Investors branded that continued revenue decline a “credit negative” for the State of Illinois, which has a bond rating a Baa3/negative. That’s because state sales tax revenue serves as the “backstop” for McPier’s $2.9 billion in bonds, which are primarily bankrolled by tourism taxes, Moody’s said.
Summary and audio linked here.
Much of the routine trade and investment between China and America is entirely appropriate and in America’s interest. But inserting the Chinese Communist Party into America’s pay-to-play system and its economic development strategy isn’t just crossing a line. It’s a leap into an abyss of stupidity.
Summary and audio linked here.
Illinois paid the price for embracing Fauci’s “science.” Here’s the retrospective.
Podcast link is here.
Despite the handwriting on the wall Moody’s steadfastly refuses to drop the debt ratings to the junk status that they really are. Moody’s and the politicians…who is worse?
I was on Michigan Ave yesterday. I would say 60% of the stores are boarded up. `I suspect many of that 60% will never come back.
What are they talking about!? I’ll bet that at this point you can’t get a hotel room anywhere near North Michigan Ave during this years Christmas shopping season. People are just lining up to hand their money to any BLM’r that politely requests it.