When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Friday, March 14, 2014

Chicago, Situation Close To Hopeless

Don't look now, but Chicago is but a short hop, skip and jump from being another Detroit --

Chicago credit rating takes major hit - chicagotribune.com: "Moody’s concluded Chicago has the highest level of unfunded pension debt “of any rated U.S. local government.” Even if Emanuel secures changes to pension obligations that he seeks from the General Assembly, the city may still not contribute enough money to pension systems to restore their health because of practical and political considerations, the report concluded." (read more at the link above and here)


The Big Picture

Financial Crisis - The Telegraph

JohnTheCrowd.com | The Sailing Website

Craig Newmark - craigconnects