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As some electric vehicle owners were shocked by below-zero operation issues recently, Pace officials unveiled their first battery-powered bus. Let’s hope the transit agency isn’t jolted by performance problems. Outside of the Pace debut, it’s been a rough few weeks for what is supposed to be our automotive future. Electric vehicles are the cornerstone of the clean-energy policy of the administration of President Joe Biden in order to help reduce the nation’s carbon footprint.
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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