-- 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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Forcing businesses to post confidential data — just another reason why Illinois has worst business climate in US
Much easier to just close the business and go elsewhere.
With everyone already posting their resumes online, why would an employer risk running afoul of this silly law by posting a job listing? At my small company, we just choose candidates from the resumes already posted online.
This is terrible for IL residents that want to do remote work. The ads will simply say “No IL, CA or CO residents need apply”.