-- Connecting the dots between our economy, government and business --
The news that Ashley Duchossois Joyce has been elevated to chairwoman of her family's namesake investment firm, Duchossois Capital Management, is the latest confirmation of a trend that's been evident for a few years now: Family firms are increasingly looking to daughters — not just sons — to lead key enterprises, and that leadership is also contributing to a golden age of female-led philanthropy.
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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The hated white man need not apply.
Lots of radical left on this list including Wendy Abrams, Penny Pritzker, Heather Steans, Laura Ricketts, MacKenzie Scott, Melinda French Gates and Laurene Powell Jobs. They will piss away the fortunes made not by themselves but their family members and ex-husbands.