-- Connecting the dots between our economy, government and business --
Nasdaq is dropping Rivian because it shrunk too much. The electric carmaker will lose its spot on the Nasdaq-100, which comprises 100 of the largest non-financial companies listed on the Nasdaq stock exchange, on June 20, Nasdaq confirmed.
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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Rivian is on life support. You wouldn’t know it in Illinois as the media dare not expose King Pritzker’s Folly!
The wildly popular EV market is in danger of collapsing. All the predicted climate savings will bev
You mean $75k novelties have limited market? Nah, say it so.
Inflation and higher for longer interest rates will make Rivian a going concern. Even in the mid-teens, this stock is over priced.