-- Connecting the dots between our economy, government and business --
Bodies Outside of Unjust Laws, a coalition of feminist and LGBTQ+ organizations held a rally on Wacker Drive just east of Michigan Avenue early Sunday evening. While these groups were the organizers, the rally later became one for the pro-Palestinian cause. By the time the group was ready to march, the crowd had grown to 500 people.
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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