-- 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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The Harvard prof Feldman attempts to present race-based hiring as some sort of tie-breaker between equals. It is rather the near total exclusion of highly qualified men in favor of minorities with weak qualifications, whose hiring typically ends in disaster. Note the growing number of plagiarism cases being discovered amongst minority profs and administration. Eugene Volokh, a prolific and internationally renowned legal scholar was not even interviewed by the leadership at Northwestern Law School for the position he sought there. Vice dean Emily Kadens openly said that Professor Volokh would have been hired at Northwestern had he been anything other… Read more »