Chicago is becoming a honeypot for cryptocurrency and will attract more and more crypto companies in the future, panelists said Tuesday at a luncheon panel hosted by the Executives’ Club of Chicago.
The birth of stock futures trading in the last century in Chicago demonstrated the city’s innovative spirit, said Sunil Cutinho, the president of CME Clearing. Compared with other metropolitans such as New York and San Francisco, Chicago focuses more on markets and has a unique ecosystem as a financial center, he added.
The different players in the ecosystem such as exchanges, financial institutions and technology companies are entering the cryptocurrency space, forming a concentration of upgrading power in Chicago, said Peter Johnson, vice president at Jump Capital, a Chicago-based venture capital firm.
Johnson said that Kraken, a bitcoin exchange based in San Francisco, is going to open its largest office in Chicago in 12 to 18 months.
It was 90 degrees and the humidity high in Terra Haute, Indiana Sunday as Loyola senior Cassie Bloch ran the 1,500-meter final at the MVC Outdoor Championships, trying to better her bronze-medal finish of last year.
Unfortunately for Bloch, the competition was also fierce, and she finished the race in 4:31.24, which was 0.23 out of third place. But while Bloch was not the winner, she succeeded in crossing another finish line at the same time. While she was competing for the last time in a Loyola uniform in the sultry Indiana town, she also earned her degree in biochemistry, missing the graduation ceremony her classmates took part in that day, 200 miles away.
Bloch was not one to whom success came easily in her sport. She took the steady, painful route from the bottom of her team and developed into a champion, a record holder and a true leader of the program. Continue reading →
Whether money can buy happiness varies among individuals, contingent on their backgrounds and situations and how much money the person earns.
A 2017 study from Purdue University using data from the Gallup World Poll, which surveyed more than 1.7 million people from 164 countries, found that earning between $60,000 and $75,000 a year is ideal for what lead author Andrew Jebb called “emotional well-being” in a press release. The finding aligns with a 2010 research from Princeton University, which found that people’s level of happiness rises with their annual income when it is below $75,000, but the correlation does not exist beyond that point.
Nancy Ladd, a financial advisor at Trinity Financial Advisors LLC, said although money is not the driving force of people’s happiness, it does come into play, especially when it is below a certain amount, which, according to the research, is earning $75,000 a year.
“That’s really a minimum point where people basically start to feel that they can keep their head above the water,” Ladd said. Continue reading →
At a news conference inside Soldier Field it was announced The Rugby Weekend will be held in Chicago once again.
The last time Chicago hosted the event in 2016 sell-out crowds packed the Chicago Bears stadium to see their beloved country-men and women play rugby.
Team members from Italy, New Zealand, Ireland, and the United States all attended Tuesday’s announcement and answered questions on their anticipation of the event.
Lori Schwartz’s father, a 74-year-old doctor, only goes to restaurants for dinner where he can use coupons. Raised in a poor family, her father watches how much he spends all the time despite the good paychecks he now earns, embarrassing his daughter.
“I hate it,” she said. “His cheapness is not attractive. I never want to be like that.”
Several adults interviewed for this story said they are comfortable spending more money on themselves than their thrifty parents do, but they are still influenced by their parents’ money habits. These children cherry-pick their parents’ financial behaviors, adopting those that fit with their current economic situation and their expectations of future financial means, said Jean Marie Dillon, a certified financial planner at Freedom Financial Counseling, LLC. Continue reading →
Stats LLC, a Chicago sports data and technology company, is creating artificial intelligence to be used in sports broadcasts. The company is training computers to track player and ball movement during games to reveal advanced analytics for broadcasters, such as similar plays and success rates. As a result, fans will have a new understanding for the sports they watch.
Life after being abused can be one of the toughest moments for any person, especially for a child. Patrick Dati was just 9 years old when he was sexually abused in a bathroom at a Chicago department store.
It was difficult being abused but even more difficult when he found out his abuser was responsible for killing over 30 young boys. The shame and guilt followed him for years and there was no one that knew him that saw the signs.
Soccer teams made of first responders from across the country participated in the 2018 Unsung Heroes Soccer Tournament in Chicago on May 3–4. Unsung Heroes is a fundraising organization run by volunteers who are police officers, paramedics or firefighters and community service members. The event raised money for Chicago’s injured and fallen first responders.