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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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Belvedere assembly plant with be a vacant scar on the landscape in less than a year or two. UAW workers will be washing windshields at intersections soon. UAW greed and poor product is going to be their death.
Here’s another story about exploding Tesla’s in a crash. With more and more of these stories coming out homeowner and vehicle insurance will skyrocket for those who own and park their EV’s in a garage to charge.
https://autos.yahoo.com/tesla-explodes-bomb-fiery-fatal-123000532.html
Yup, family and friends who are firefighters and paramedics are training and retraining these are some of the most difficult fires to handle. You think Pritzker would admit this technology has flaws but no he thinks EV’s are the greatest thing since the double stuffed Oreo cookie.
About 175,000 – 200,000 internal combustion engine cars catch fire every year, but you very rarely hear about that in the news. I will say it seems that every time I listen to a morning traffic report I hear about a car fire on the side of the road making that rush hour traffic that much slower. In this article the critical point is that there appears to be an unintended acceleration event in the car that causes the crash. No information in the article states the battery caused the fire but I could see a battery exploding in a… Read more »
True but the difference is that ICE car fires can be put out the normal way where the lithium battery fires burn like magnesium at 1,700 degrees or more and water can not be used the extinguish it.
https://theconversation.com/what-causes-lithium-ion-battery-fires-why-are-they-so-intense-and-how-should-they-be-fought-an-expert-explains-214470
You’re right. EV’s do have some disadvantages to them and some of those disadvantages pertain to the battery. It’s early days for the EV and the engineering of the battery will evolve. There are already some battery chemistries less prone to fire but are less energy dense and don’t provide the range an EV owner may like. It’s an engineering problem that will get solved one day.
Ain’t no sunshine when she’s gone….
U.A.W. = U Ain’t Workin’. Fain and the Bosses can go pound sand!
Like the great Rock Island Line in 1979, Stellantis teeters on the edge of a bankruptcy shutdown. The UAW’s bright idea is to go on strike to force Stellantis to open a superfluous plant to make batteries and electric cars that no one wants at any price.
Way to make sure that, like the Rock Island’s employees, Stellantis employees will all lose their jobs. The late Fred Kroll screams at the UAW from history.
Stellantis has way too much inventory. It also has a quality and pricing problem. Not much leverage for the UAW. 6 of the top ten days of supply vehicles are Stellantis vehicles. Stellantis might welcome a strike.
I thought the same: “We need to reduce inventory and costs. A strike? Perfect!”
You mean no one wants to pay Stellantis $110000 plus: Sale Tax, Over Tax. Battery Disposal Tax, Hiya Doin’ Tax, License, Delivery, Moose Fee, Ping Machine Permit, Cart for Ping Machine, Replacement Wheels for Ping Machine, and other fees…for a Jeep?