-- 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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It’s nice to see the hostile and thankless union workers that run the conventions here get a taste of their own medicine. Running a convention booth in Chicago is pure hell. I’m surprised our convention business survives as it does even without a pandemic.
The cruise industry has already addressed this issue. “Cleaning the ship’s 18 decks, 1,300+ cabins and numerous common areas on Diamond Princess took the efforts of 240 workers from the company’s Japan and North American operations, including its environmental, HVAC and marine divisions. Yellen says all wore disposable biohazard suits, along with booties, gloves and full-face respirators. And it took nearly all of March to fully disinfect the ship.” Time to get real about urban biosecurity. Convert these public spaces into vertical urban gardens and aquaponics. Safe food is isolated food.
Like the article suggests, once these conventions are gone, they’re gone forever. Conventions are a highly competitive business and with sky high union labor rates – that are non-negotiable – Chicago’s nationwide convention presence is now gone. McCormick place will host the auto show, the winterfest and maybe some no name other show here or there; but the nationwide travel aspect of the conventions are never coming back, not ever. But hey, social justice warriors, you got want you wanted. The economy is crash for social justice reasons. As Gov. Fatty mcfatso said today, ‘decades of inequities’ has caused the… Read more »
At the end of the day, JB isn’t just virtue signaling, this is actual virtue to him – his progressive values. He’s sparing no expense to save every life within the communities he perceives to be lower than him on the hierarchy of intersectionality. He points out all the time, at every meeting, how disproportionately affected minority communities are. JB as rich white man is at the top of the hierarchy. He sees the black and brown communities (his words) as lower down on the hierarchy, and it is virtue to him to spare no expense to save every black… Read more »
Everything political in Illinois happens for a reason.
Do you know why the democrats picked a trust-funder billionaire to represent their party?
Do you think it’s because he’s like them?
No. It’s because they want his money, and because he’s weak. He’ll do what they want him to do, and pay for the privilege. That works just fine for the Machine.
He is simply “leasing” the governorship, and it’s on their terms, not his.
He is weak. Have noticed that whatever California or NY does then he follows.
JB = Useful Idiot