-- Connecting the dots between our economy, government and business --
Since the mid-20th century, the ground between the city surface and the bedrock has warmed by 5.6 degrees Fahrenheit on average. All that heat, which comes mostly from basements and other underground structures, has caused the layers of sand, clay and rock beneath some buildings to subside or swell by several millimeters over the decades, enough to worsen cracks and defects in walls and foundations.
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 sky is falling!!!
The New York Slimes. The journal of record in the slide to idiocracy.
Journalism is dead.
Carole King was right
https://www.youtube.com/watch?v=xgbvVpLBrOA
great song.
And part of one of the all time best albums of all time– Tapestry
No auto tune — no over-produced sound — just staggering singer/songwriter talent and perfect stage presence