Chicago has a problem until the year 2083.
583,527
Published 2023-10-30
Huge thanks to Rollie Williams, Nicole Conlan, Matt Nelson and the whole Climate Town team. We had an unreasonable amount of fun planning and filming these videos. You should subscribe to their channel: youtube.com/@ClimateTown What, you already are? Well unsubscribe and resubscribe you fool.
Office Of The Inspector General, City of Chicago, Report Of Inspector General's Findings And Recommendations: An Analysis of the Lease of the City's Parking Meters. igchicago.org/wp-content/uploads/2011/03/Parking-M…
Chicago Parking Meters, Llc: Financial Statements (With Independent Auditors' Report Thereon). www.chicago.gov/content/dam/city/depts/fin/supp_in…
Want to do something about USA parking policy? Check out Climate Town's buddies at Climate Changemakers. They have put together a playbook on how to take action on minimum parking laws: www.climatechangemakers.org/playbook-parking-manda…
Huge thanks to my Patreon supporters. They made this video possible by funding a lot of hotdogs. Take the deal here: www.patreon.com/standupmaths
CORRECTIONS
- None yet, let me know if you spot anything!
Stand-up Maths crew:
Filming and editing by Alex Genn-Bash
Written and performed by Matt Parker
Produced and light reflector by Nicole Jacobus
Music by Howard Carter
Design by Simon Wright and Adam Robinson
Climate Town crew:
Host, Head Writer, Editor: Rollie Williams
Executive Producers: Rollie Williams & Ben Boult & Matt Nelsen & Nicole Conlan
Writers: Nicole Conlan & Matt Nelsen
Directors: Matt Nelsen & Ben Boult
Cinematographers: Matt Nelsen & Ben Boult
Assistant Editor: Laura Conte
Fact Checker: Canute Haroldson
Animator: Ian MK Cessna
Yes, I ate every single one of those hotdogs.
All Comments (21)
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NOBODY KNOWS WHICH COUNTRY DID THE FINANCIAL CRISIS, DO NOT LOOK INTO IT. Check out part 2: https://www.youtube.com/watch?v=fDx6no-7HZE
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it's even worse because everytime the city has to block off parkingspaces for any reason, they have to compensate stanley morgan for the lost revenue. so they are actively losing money on this horrible deal
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This explains why Matt is always so well lit. In person, you don't even notice the crew.
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You are so pure of heart to chalk this story up as a "math error" where a more cynical commentator may term it "corruption."
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As someone who does financial calculations daily the phrase “the discount rate that we, I dunno, kind of made up” resonates with me too much
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It really is outrageous that the mayor could do such a thing. Its civil sabotage of the highest order, the city would have been better off taking a damn loan
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It baffles me that the government is even allowed to make deals like these. Any deal more than 10 years should be illegal. Or at least, there should be a mandatory clause to completely revisit the numbers every few years.
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I feel like the big picture issue here is that politicians almost always have incentives to trade away future benefits for immediate gain. This is why the voters often have to approve bond issues. Seems to me the solution here is to require similar approval for selling off future income streams.
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For those non-bird nerds here, the patriotic bird shown for Matt was a Laughing Kookaburra, and the picture was directly taken from the cover of the Australia Expansion of the game Wingspan, and I just need to make sure y’all know how much I appreciated that little cameo from the game!
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I lived in Chicago when this happened and it was pretty much considered an outrageously terrible thing by everyone I knew who talked about it.
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I love that Rollie, the American he is, made Matt seem like a visitor to his own channel
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The problem with money now vs. later is aggraveted when politicians have to decide the question who could use the money now for their projects (and make themselves look good) vs. leaving it to who knows who will be in charge later.
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I never knew how much I needed Stand-up Maths Town in my life
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I doubt they actually screwed up the math of the meters. They did the math of how much Morgan Stanley paid to the politicians in campaign contributions versus how much it would cost to run a campaign that distracted people from that problem. They also did the math of how much they would personally get paid by lobbyists when they leave politics and the fact that the financial problems would be a problem for politicians in the future who weren't them. They did the math correctly.
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I have never noticed just how dynamic and patriotic Climate Town's editing and presentation style is before having it so clearly juxtaposed with Matt's swipey, french style.
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The City of Chicago needs to go to court and get this clearly burdensome contract terminated. Matt is being extremely generous by chalking this up to a "math error", to me it smacks of obvious corruption. Would love to see a record of who took whom to fancy dinners in the period between the beginning of the mortgage-backed securities crisis and the initiation of this deal.
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You guys are actually a magnificent comedy duo, 10/10 hope you collab together more after this!
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I'm only at "through the magic of ed--magic of editing!" but I'm ready to declare this the best nerd bait video of the fiscal quarter.
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This is some of the best green-screen work I've ever seen! It really looked like you two were together in Chicago walking around.
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The editing, especially in the walk-along parts, is incredible- well done!
