-- 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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On Sunday the company laid off 400 employees and suspended its operations as of 330pm Hearald news article today
Get the hint jb nobody is buying what your forcing down everyone’s throat
Carlos Tavares, CEO of Stellantis, abruptly resigned Sunday.
That’s not good news for Belvidere. Stellantis is in terrible condition right now, and there’s no way they can restart a plant that loses more money with every vehicle produced. Another Pritzker L. He’s got quite the streak going. Our Warrior isn’t very happy tonight.
About time. That moron ran the company into the ground. He decided that nearly every vehicle they sold required luxury trim levels and they jacked up the price accordingly. Because he believed that “howmuchamonth” buyers would continue to pay $$$$$$ for luxury trims on jalopy vehicles. But Jeeps and Dodges and Rams are not luxury vehicles. In fact, they have well-known and forever unresolved mechanical and electrical issues. They can’t give away the Durangos (what a stupid name for a vehicle) – and after several years of every Grand Cherokee on the lot being $60k before discounts, they’ve now lost… Read more »
My link does not work, Sorry.
Billions of dollars,in debt and the fools like Pritzger and his gang spending, giving, away more dollars to a failing EV company. The insanity will continue until Cook County voters figure out that’s voting “D” isn’t the best idea.
They’ve been voting D for nearly a 100 years, I don’t expect that to change any time soon.
How about JB puts up $1 of his own forutnefor each $1 of Illinois taxpayer money?
And again the taxpayers of Illinois are losing out, thanks Pritzker you the ?