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"The transformative programs by World Bicycle Relief, the (University of Illinois) Soybean Innovation Lab and Rotary are of the same spirit — low-cost, basic interventions with huge returns in fostering a better quality of life in some of the poorest parts of the world...With so many global events making the world feel dark, I take pride in the work Illinois is doing to bring light to the most vulnerable around the world. And this is just the beginning. Other states — and countries — should follow the incredible compassion, humility and example Illinois is setting."
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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