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Related Midwest and CRG have purchased the 440-acre former U.S. Steel South Works site along Lake Michigan, clearing the way for the first phase of a megaproject the developers envision as a major hub for quantum computing research.
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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This should also require a nuclear reactor to generate the electricity required, it’s a perfect location for one.
Who would want to work on land contaminated with heavy metals for over 100 years?
And the bill requiring them to generate their own electricity and use their own water recirculation plant are where??
This smells like Solyndra and Lion Electric.
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