# Wednesday 1 September 2010

Stealing from themselves?

Dilbert creator Scott Adams raises an interesting point in his blog today:

I'm fascinated by the degree to which brains have evolved to become more powerful than guns. Society's founding geniuses engineered a social system that encourages the young people who have guns to shoot at each other instead of robbing old people. Forgive me for calling that awesome.

In other news, my total working hours for August was 275.5, so I'm actually looking forward to the Term 6 residency for a respite. We've only got four full classes this term, so, you know, it's easier.

Only 102 days left...

David Braverman, Wednesday 1 September 2010 17:29:10 UTC
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# Friday 4 December 2009

Whocodanode?

Coincidentally with the Illinois Dept. of Resources' desperate (and probably too-late) effort to stop Asian carp from getting into the Great Lakes comes another tragically predictable outcome of local politics. The Mayor of Chicago this week forced a budget through the City Council over an unusually-high 12 dissenting votes that raids the paltry parking meter trust fund only a year after the (allegedly) corrupt and (actually) stupid decision exactly a year ago to sell the streets of Chicago:

As has become customary, aldermen bitched and moaned about Mayor Daley’s $6.1 billion budget before they passed it today. Nobody claimed to like it, though 38 aldermen voted in favor of it. But that number is smaller than it has been for most of Daley's reign. In years past the mayor viewed a single nay vote as an intolerable act of defiance; these days he’s lucky no one else has the clout to wield or goodies to hand out that he does, because his governing style is wearing thinner among an ever larger group of aldermen. As in a dozen.

Still, their arguments are getting more pointed. For evidence, consider the diatribe that 38th Ward alderman Tom Allen delivered to explain why he was casting his first vote against a Daley budget since the mayor appointed him to the City Council in 1993. “I have come to the conclusion that this 2010 budget is one that I have no confidence in,” Allen said.

He offered three reasons. “First and foremost,” he said, “the parking meter spending plan here I consider to be a breach of our fiduciary duties to the taxpayers that we represent.” Allen produced materials that Daley budget aides had distributed to aldermen a year ago when they rammed the 75-year parking meter privatization deal through the council in four days. He said aldermen were promised that the administration would save enough of the proceeds that the interest on them would equal or exceed the $20 million the city was accustomed to collecting from the meters. Instead, Daley’s budget will burn through two-thirds of the replacement fund in a single year.

The pattern should be familiar to students of 20th-century history. As they grow older, leaders become more concerned with their legacies than their constituents. The trend accelerates, until, near the end of their political careers, they almost inevitably experience epic failure. In the case of fairly-elected leaders in functioning democracies, the results are merely disappointing: Clinton, Nixon, and Gray Davis come to mind. But in the case of one-party states, where the leaders have no functioning or effective opposition, the outcome often destroys the polis as it destroys the leader: Mugabe, Cheney, and recently the mayors of Baltimore and Detroit.

I don't know which hypothesis I prefer: that Daley doesn't actually believe his actions will prove beneficial to the city in the long run, so he's feathering his nest before retiring; or that Daley, after 17 years without tolerating any criticism or dissent, has gotten so deluded he really thinks these decisions are good. Of course, without an effective challenger—where's Harold Washington when we need him most?—we're stuck with Daley Sese Seku until he chooses to leave office.

David Braverman, Friday 4 December 2009 16:36:23 UTC
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# Friday 25 September 2009

Well, duh. Welcome to Chicago

People who live outside Chicago might find it shocking and dismaying to read a newspaper report that their city's Olympics bid will, if successful, make the mayor's friends rich. For us, it's actually comforting. I mean, we all knew someone would get rich; now we have a better idea who:

Chicago 2016 committee member Michael Scott also served as a consultant to the developer on a condominium project near the proposed athletes village, a development that would increase in value if the city wins the Olympics.

Scott, who negotiated key components of the $1.2 billion Olympic Village plan, said his business relationship with the developer, Gerald Fogelson, does not interfere with his role with the bid team. Chicago 2016 officials declined to say whether Scott's relationship with Fogelson was a problem, with Daley's Olympic team poised to spend billions of dollars in coming years.

What? You think civic pride alone would motivate the mayor to put us on the hook for $4 bn to get a sporting event?

In other news, the White Sox are officially out of the post-season, but the Cubs are still hanging on.

David Braverman, Friday 25 September 2009 12:11:29 UTC
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# Tuesday 25 August 2009

Meanwhile, back at the ranch... (London residency day 10)

The U.S. Postal Service finally plans to sell the Old Post Office building in Chicago, which they abandoned more than 10 years ago:

One of the biggest real estate auctions in the city’s history is slated for Thursday, when the U.S. Postal Service is to sell the Old Main Post Office.

And even though the postal service is planning an "absolute auction" — meaning the building is to be sold regardless of price, with a suggested opening bid of just $300,000 — the question remains who will step up for the roughly 279,000 m² building at 433 W. Van Buren St., which straddles the Congress Parkway and has been vacant for more than a decade.

This is the same building into which the Postmaster for Chicago ploughed $1 million to renovate his own office—about 6 months before the USPS moved out.

David Braverman, Tuesday 25 August 2009 08:42:31 UTC
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# Friday 19 June 2009

When $1 billion changes hands, someone gets rich off crumbs

The Chicago Reader has another article on the Chicago Parking Meter Debacle, this time examining who got rich off it:

Not only did William Blair advise the city on the deal—it came up with the idea in the first place. Then it provided the city with the only estimate it ever received of what the system was worth and coordinated the bidding process.

Two other financial services firms and three law firms were brought in to assist. All were given no-bid contracts for the work, and all appear to have political or personal ties to the Daley administration (which is not unusual for the way the city of Chicago does business).

The financial advisers were each paid a share of what the city made in cash on the lease deal. William Blair received 0.375 percent of the payout, or about $4.3 million, according to records obtained from the city through a FOIA request. The others, Gardner Rich and Ramirez & Company, each received 0.0625 percent, or $722,813. The attorneys’ fees added up to another $1.3 million. All told, the city paid its legal and financial advisers more than $7 million for their work on the deal.

Yeah? So where's mine?

David Braverman, Friday 19 June 2009 14:21:26 UTC
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