-- 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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Shouldn’t the metric be how many loans have been denied? What financial institutions are the primary lenders in Black neighborhoods? Are minorities more likely to use credit unions?
The big companies only have themselves to blame for this. They all virtue signaled and donated to Black Lives Matter, not making the distinction that BLM is a terror organization, whereas other organizations actually help black people while obeying the law. All because they are afraid of being labeled racist. They also stand by while conservative websites–who defend the rule of law and property rights–are deplatformed and cut off from big tech, saying nothing. Big Company execs: Did you think the beast would be appeased by your Twitter messages and sanctimonious commercials? None of you big companies would dare stand… Read more »
“All because they are afraid of being labeled racist.”
Some of them, for sure. But the rest of them agree with the message and were out protesting with the rest of them. Remember when corporate America used to be uncool? We called them ‘suits’ and working in a corporate office was just a rat race? Now, big dominant corporations are ‘cool’ and ‘woke’ and everyone wants to buy some particular brand because they support social justice.
Those with low credit scores have wore out their welcome with Capital One and the other subprime lenders, and now demand that Chase lend down at the 620 credit score level. Good luck with that.
The smart thing would be to close all branches and leave Chicago