-- Connecting the dots between our economy, government and business --
The company was given 24 months under a contract with the city that approved $13.5 million in subsidies to rehab six stores. More than halfway in, all of the six stores are closed and none have been renovated.
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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What happened to the money?
Save A Lot should be renamed Shoplift A Lot.
They will open a new chain called steal a lot.
No grocery store can survive in a lawless
Area. They might as well throw the boxes
On the street and let the scavengers have at it.
You’re laying out the business plan for Brandon’s Marxist Markets.