-- Connecting the dots between our economy, government and business --
Aritzia, a Canadian women’s apparel chain, will be taking the spot vacated by The Gap, 555 N. Michigan Ave. and leasing 46,000 square feet. It’s the biggest retail lease on the Magnificent Mile since 2015, says Alby Gallun, of Crain's Chicago 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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A major reparations shopping event to take place in 3……2……1
They will employ more security guards than they have customers.
Aritzia sounds like an itchy intimate area rash.
Or over the counter bi-polar ointment in suppository form.