-- Connecting the dots between our economy, government and business --
Gov. JB Pritzker is competitive, and he understands the value of quantum within the national security realm and in the worlds of medicine and technology. And even though he is not an expert in science, he certainly understands the dollar signs that will come with all those additional zeros and ones. “Twenty years from now, we’ll be reading about Chicago and Illinois being the leader in this burgeoning, amazing new space and industry. And I’ll take the victory lap,” Pritzker said. “I’ll be 78. But I’ll take the victory lap then. Because these are long, incubated investments that you make.”
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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JB is going to take a victory lap? I assume this will happen right after the flying pig exhibition.
Good business model: direct public funds to seed risky start-ups, have inside track to invest family vc funds in surviving best-in-class
.
Suggest Illinois taxpayers demand non dilutable equity shares in return for seed funding resources.
JB is a quantum in size above the average person.
That answers it. JB is associated with Men in Black. An alien no doubt. LOL?