-- 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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Well , helion is building a fusion reactor for Microsoft that is scheduled to go online in 2028 or29
Fusing hydrogen into helium at very high
temp, what possibly could go wrong.
nothing to see here move along.
Renewables are going to be more expensive going forward with the end of federal tax credits and the need to build massive amounts of transmission to get it to the load in and around Chicago.
Solar is alright but Nukes do it all night!!
Can I steal your tag-line? It’s the best usable energy phrase I’ve ever read!
It’s not his tag line so no need to ask.
https://www.crikey.com.au/2005/04/20/solars-alright-but-nukes-do-it-all-night/#:~:text=It's%20interesting%20that%20Brendan%20Nelson's,Macklin%20responded%20that%20the%20%5B%E2%80%A6%5D
Quantum computing means MORE energy, not less. A day when renewable energy is our only source is enviable, but we can’t get there instantly. We still need other sources of energy lest we start have rolling blackouts.
Letting the theater kids tell the engineers how best to produce power will guarantee astronomical costs. BOHICA