-- 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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So corn is planted to produce ethanol that is used in autos which gets 25% less fuel economy than standard gasoline to be less reliant in part to other countries. Here is the problem. Every acre of corn during maturity produces up to 4,000 gallons per day known as “corn sweat”. This sweat during summer months increases humidity levels which increases the dew point which makes us miserable so we crank up the AC/fans/dehumidifiers thus using great amounts of energy. How does this help our energy policy when we produce a crop that makes all of us use more energy?… Read more »