-- 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 20% positive rate is a little discouraging. I kind of wish everyone had it because it would be good evidence of a low mortality rate and quickly get herd immunity. The next hope will be the anti-body test, maybe most of us have already had this back in January, February, and this latest strain is more virulent but burning out hot and fast. Get this over by June.
Don’t be distracted by that 20% rate, which means nothing. Testing is still being given on a very limited basis focused on those who show symptoms, are in high risk groups, etc. I have the directive dated today that went to providers re who gets tested. It is still very limited.
Yes, but the rates is still only 20% among those high risk and symptomatic and suspect groups. If the disease is not running rampant among suspected groups and high risk groups, then it’s not now likely running rampant out in the general population either. Hopefully the antibodies show that most of us have already had it, and this low positive rate is a reflection that we are close to burning out.