-- 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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Michigan Avenue vacancy is already at an all time high
https://abc7chicago.com/chicago-loop-michigan-avenue-shopping-mag-mile/12968289/#:~:text=%22It's%20extraordinarily%20high%2C%20it's%20never,the%20center%20of%20Michigan%20Avenue.
This type of regularized looting will drive vacancy even higher
Well that will educate another retailer not to even think of operating on the formally Mag Mile.
The Mug Mile loses another tenant!
“Robbed?” Not quite, more like burgled.
Sun Times could use some professional writers and editors.