-- Connecting the dots between our economy, government and business --
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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I grew up thinking that the news was unbiased. Learned quite sometime ago that is not the case. WGN is extremely biased and WGN America is associated with it so I highly doubt this claim.
They’ll represent both viewpoints: liberal and socialist
Unbiased? Really?
They’ll have a segment called “orange man bad” on it I’m sure
Given the number of local television stations the parent company owns, I suspect they’ll be repackaging a lot of local content. Regardless, if they can do more straight journalism like Japan’s NHK channel, it will be a welcome change.
We’ll see if people watch. It’s nearly impossible to find an unbiased journalist. They’re train in journalism school to be activists and report everything from a social equity angle. Unbiased to them is Trump is not Hitler, but he’s still a racist.