marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
Chicago
04/07/2023
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By Ethan Huff
New post-pandemic dining restrictions in some cities charge customers hundreds of dollars just to get seated at a table
A lot has changed ever since the Wuhan coronavirus (Covid-19) was forced on the world, including in the food service industry. Some restaurants in major cities like Chicago have begun imposing minimum purchase requirements on their patrons, or charging cancelation fees for reservations. Mandatory minimums are gradually becoming the norm in some areas, especially at […]
03/30/2023
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By Arsenio Toledo
Just five of Chicago’s largest public pension systems owe more pension debt than the sum of 44 states
The public pension funds of the City of Chicago owe so much debt that they rival the debt held by 44 states. This is according to the Illinois Policy Institute, a libertarian public policy think tank, which found that the city has $48 billion pension debt. The massive size of Chicago’s pension fund underscores how difficult […]
07/29/2019
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By Tracey Watson
It’s now obvious: The taxpayers of Illinois will have their incomes confiscated to fund increases for overpaid teachers … GET OUT while you still have your wallet
A month ago, Chicago Mayor Lori Lightfoot insisted that the city’s pension funds were facing bankruptcy and demanded an urgent multi-billion-dollar bailout from the state. Governor J.B. Pritzker disagreed and denied her request, making it safe to assume that the funds continue to face the same serious problems. It came as something of a shock, […]
03/30/2019
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By Vicki Batts
Socialism is already collapsing in the USA as residents flee New York, Chicago and San Francisco due to non-sustainable economics
What do New York, San Francisco and Chicago all have in common? They’re all willing victims of socialism. The far-left political ideologies that have consumed these cities are now driving them deep into financial ruin — and citizens are fleeing in greater numbers every year. Whether it’s a lack of job opportunity, exorbitantly expensive housing […]
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