-- 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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This article is a huge nothingburger. You can tell the author of the article is not a lawyer either! LOL In essence, the entire article could be one paragraph saying that law firms are shuffling deck chairs on the titanic by downsizing into luxury buildings. The article admits firms aren’t growing, they’re just moving from one larger space into a smaller one.
Court is still all Zoom too which is not mentioned in the article. Only criminal and a handful of other courtrooms have gone back to in-person court.
if you have no legal or negotiating skills you’re no stranger to court. If you’re an obnoxious table pounding asswhole like Lori, same thing! If the tank wipes can stay home; Yea sure! The lawyers are keen to stroll Lori’s urine corridors.
Only the lawyers that do litigation need to have a Loop office — since that’s where the courts are. Other lawyers can go right on working from home.
I work with most every BigLaw firm in the country. Virtually every call I take is via Zoom, and both partners and associates are working from home. This applies to DC, New York and Chicago..