-- 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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For NPR this was a surprisingly well rounded article addressing the problems colleges face in the future.
The enrollment drop won’t just last through 2029, it will last much longer as the pandemic caused a baby bust resulting in the lowest birth rate ever
https://www.bbc.com/news/world-us-canada-57003722
The article also didn’t address that the minority students who enter college in general tend to be less prepared for college material, require remedial classes and are more likely to drop out.
But other than that, it did outline that smaller colleges are facing serious headwinds, as are large colleges too