-- 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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Gee, look at what happened to the 100% electric bus fleet recently in Oslo, Norway: Many buses canceled in Oslo today, after a chaotic day with around 1,000 canceled bus departures yesterday. https://www.nrk.no/stor-oslo/ma-sette-inn-dieselbusser-i-oslo-1.16707005 “Yesterday afternoon and evening there was a complete stop for all buses in the south of Oslo… and a month ago there were cold problems. Many electric buses had to be taken out of service because the cold made it difficult for them… low temperatures cause problems for the new electric buses… In the next few days, the temperature will drop towards minus 25 degrees in Oslo…… Read more »
Total electric bus failure in the People’s Republic of Asheville.
Remember that Asheville does not have the weather extremes Chicago has.
https://wlos.com/news/alexa/5-million-loss-for-asheville-as-flawed-electric-buses-sit-idle-interim-transportation-director-jessica-morriss-maintenance-director-john-mcdaniel-proterra
Watch out for those exploding E buses!
https://www.youtube.com/watch?v=5r-yN8SugWM
Will Pace electric buses run in below zero weather? Asking for a friend.