-- 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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Could someone elaborate why his leaving would be so catastrophic. The guy dabbles in politics!
Ken should be scouting locations in Austin, Nashville, the Southeast. He could attract a lot of talent in the Research Triangle too. Hard to believe most of the talent wouldn’t be willing to make the move.
Why the delay? He’s threatened before to leave, what is he waiting for? That sounds harsh but it isn’t meant to be, I really don’t understand why he hasn’t relocated his business.
It’s a huge business disruption to move your headquarters, but potentially much easier now on the employees since work from home has become more prevalent. He will move his company, just watch. Citadel takes care of their people, but those people work long, hard hours.
Lucky for Ken that he doesn’t eat at McDonald’s!
That McDonals should be condemned as a public nuisance!
Good leave this hell hole