-- 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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I love the Trib! They support Lori and everything the city implements and by extension everything CPS Educators introduce! The Tribune was a newspaper depending on revenue from people who can’t read? WTF!
How the Trib manages to stay in business is the 8th Wonder of the World.
It’s expensive when you consider that you’ll just pitch it in the garbage in the evening. What demographic they are targeting is a mystery. Affluent wokesters with disposable income? That’s a contradiction in terms.
Lastly, they’re constantly telling their readership what horrible nasty people their ancestors were. Seriously, who is buying enough copies of this rag for the Trib to be a going concern baffles me.
Agreed. It’s garbage now and they are suicidal.
All these journalism outlets fighting over half the market. With the Sun Times going non-profit and merging with NPR, they will have the same readership as Block Club. Injustice Watch is like a legal-focused Block Club that attracts the defund-the-police tankies reading the Chicago Reader. All anti-capitalist but bankrolled by foundations formed by capitalists as tax write-offs, paying out grants with profits from stock market investments.
During the late 70s the librarian at Bell Labs cancelled their subscription to the New York Times and notified the lab staff that the rag had no useful information. The Fibune exhibits even less logic today.
I predict their circulation will skyrocket! Partnering? Ya mean they’ll print anything spouted by a mope as irrefutable? From 435 N. Michigan to a hardscrabble dump along the river. I think they bet on the wrong horse! Being woke has consequences.
I thought the Fibune couldn’t sink any lower, ooops, my bad.