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The California-based EV company recently indicated it would trim its workforce 6% nationwide by eliminating some non-manufacturing jobs.
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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How come we never here anything about hydrogen fuel cell cars in Illinois. 5 minutes to fill up for a range of 400 miles. Instead we hear only EV’s. The Toyota Mirai looks good and about $49K
https://www.toyota.com/mirai/
Here is some info on hydrogen trains in Germany but of course none in the works in Illinois.
https://www.yahoo.com/news/check-photos-worlds-first-hydrogen-115000296.html
Good point. People are deifying Elon Musk and taking to heart every word out of his mouth about how EVs will doom internal combustion engine cars in the near future. I guess that could happen if the feds continue buying into this mindset. Aligning with your comment, let’s emphasize other technologies, too. Anyway, anyone becoming a trillionaire is ridiculous, given most people can’t fathom a billion dollars worth of assets owned by one person.