Will these six Chicago-area malls avoid the ‘death loop’? – Crain’s

A woman shops for a handbag at a Macy's store in Chicago, Illinois, U.S., on Tuesday, Feb. 22, 2011. Macy's Inc., the second-biggest U.S. department-store chain, reported earnings that beat analysts' estimates after keeping a lid on costs and selling exclusive holiday gifts from celebrity lines including Jessica Simpson's. Photographer: Daniel Acker/Bloomberg
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The Railroader
1 hour ago

Haha, Crain’s.

No. They will not.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

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.

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