-- 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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“Quantum mechanics is the possibility that you can consider superpositions of states. That’s really all there is to it,” he said. “And I’d argue that superpositions of states are not real.” – Gerard ’t Hooft – Nobel Laureate Says Quantum Mechanics Is On The Wrong Track
That’s a major point missing from this otherwise excellent column. Many other efforts are underway in other nations, pouring huge bucks into being the quantum leader.
The same language was being used in the race for 5G, then the phone repair techs exposed there were no 5G chips in the phones. Many nations believed in the concept of virus theory and poured big bucks into it as well. Quantum computing appears to be just another grift, to prop up the stock market and make money as insiders. It’s a big club …
Maybe they should look into insider trading ? Oh and monitor Duckworth and Durbin as well. Just saying
Penny is the one who inherited grandpa’s brains in the family. They are not wrong on Quantum but more than likely the tech companies will use up the free tax payer money and the profits will flow back to CA or wherever they HQ’d, it wont be here.
Better start building the nuke plant that’s needed there now.