-- 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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“A 2017 study found that diversity initiatives might actually worsen DEI climates of the organizations that pay heavily for them, and warned that mandatory training may result in a negative backlash or exacerbate pre-existing biases. “ Duh, ya think? Having been through more of this sort of thing, public sector and private, than I can recall, it’s not hard to understand why “diversity training” is lots of expensive “motion” camouflaged as progress. First, they’re based on participants having to agree that we’re all doing something wrong, but that because we’re “unenlightened,” we’re unaware that we’re “systemically racist/sexist/homophobic,” etc. Secondly, the folks who market-n-sell… Read more »
They may go back to work doing-n-thinking the same, but I’d imagine their doing-n-thinking will be peppered with resentment for being called out for something that doesn’t exist. And if it does exist, mandatory training will only reinforce their initial feelings.
Want to eliminate racism? Stop talking about it.