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Chicago’s Pension Funds are Nearly Insolvent – Incoming $28m Bailout

Chicago is stepping in to lend cash to its underfunded pensions so they have enough money to avoid asset sales to cover retirement checks as they wait for property taxes to come in after a computer issue delayed collections https://t.co/NjYZMGlDs7 — Bloomberg (@business) September 16, 2025 Chicago’s money trees are shedding their autumn layers with

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Fed Rate Cuts – All About Jobs

The Federal Open Market Committee voted to lower rates by 25 bps at the September meeting, citing “that downside risks to employment have risen.” I reported in December 2024 that the computer had forecast a decline in employment during the incoming Trump Administration. Based on the most recent data, the unemployment rate stands at 4.1%,

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