-- Connecting the dots between our economy, government and business --
Following George Floyd’s murder in 2020, “promises were made by corporations, universities and governments around Black wellness and making sure that ‘We see you, we know these communities have been disinvested in,'” said LaVonté Stewart, of Lost Boyz Inc. “That happened for a year or two, and guess what? Now they’re wiping out [those efforts]."
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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Hmm, is this why tuition is so high?