Tag: Forbes

A great and troubling roundup of Chicago's pension problems

Pay attention; it’s not easy reading. But the message is clear. Chicago Mayor Lori Lightfoot will have her hands not just full, but overflowing, with the city’s deeply unfunded employee pensions. Elizabeth Bauer writes about it in Forbes.

Forbes: the nation's most miserable magazine

Chicago’s the nation’s third most miserable city, according to Forbes magazine. I stopped putting any stock in any of these ratings a long time ago, concocted from a set of arbitrarily chosen demographics. These “studies” are always junk, either in the selection of the variables they are examining, or in assigning weights to each factor.... Read more »

Illinois: worst state

Compared with the 50 state, Illinois might as well be a banana republic. Illinois ranks dead last in Forbes magazine’s ranking of the financial health of the states. Worse than California, (ranks47th) whose own debt bomb is about to explode the state right into the Pacific.Worse than Michigan (39th), a state racked by the recession... Read more »
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