-- Connecting the dots between our economy, government and business --
The Chicago-based U.S. Soccer Federation is moving its headquarters to the Atlanta area, where it is going to build a training center, the organization said today. Home Depot co-founder Arthur Blank, who owns soccer team Atlanta United, is contributing $50 million to the effort, the federation said in a press release today. The press release is here.
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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Some of the reasons I left Taxistan;
When even woke leftist businesses — like the Communist Kickball League — are dumping their Chicago HQs — the steady conga line of corporate refugees has become a balls-out jailbreak
One more nail in the coffin for Chicago. More and more businesses are leaving for greener pastures and a safer land. Best move of their lives.