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.
Law school enrollment collapsed after the great financial crisis. Law schools is too expensive with too few job available. As a result, law schools finances collapsed so they started taking warm bodies with lower LSAT scores to fill their seats. They also went crazy on DEI during Trump I and Biden, accepting any warm body with any sort of diversity identity, over the ability to actually be proficient. The result is seriously unqualified students graduating law school. Illinois’ most recent bar passage rate for the August test (the main test) is down to 70% from 90% or higher in past… Read more »