Despite 6 years of underperformance, hedge funds still popular among University endowments
By Lucy Ren Despite scrutiny over hedge funds’ underperformance since the financial crisis, large university endowment funds like that of Northwestern University are still holding on to — if not raising — their stakes in “alternative investments,” which are usually prone to high risk but often perform better than equities. Under the backdrop of soaring global equities […]
VIDEO: Immigrants hope Gloria Estefan musical shines light on migration
By Carmen Lopez Cuba and the United States are currently working on repairing ties, but migration from the communist country has been active for decades. Some Cuban immigrants are eager to see what will happen to Cubans migrating to the United States now that relations are improving. These changes are also gaining attention as Gloria […]
Gross domestic product sagged in first quarter
By Yimian Wu The U.S economy contracted 0.7 percent in the first quarter as the trade deficit widened and business investment fell, according to the second estimate of gross domestic product (GDP) by the Commerce Department. The result was revised from the first estimate of an increase of 0.2 percent released last month, but it […]
Last minute donation to South Side high school renews hope, buys time.
By Lydia Randall On the day of a self-imposed deadline, Hales Franciscan High School –a South Side mainstay for over 50 years — has had an 11th hour miracle. A generous donation to the school means that students will be returning in the Fall. The school is still short of the $300,000 it says it […]
Ulta shares drop despite earnings surge and upbeat outlook
By Siyuan Du Ulta Salon, Cosmetics & Fragrance Inc. reported a 34 percent increase in quarterly net income, driven by strong growth in both retail and online traffic and sales.
Lyons capture second water polo state title in four years
By Sam Fiske A full day of celebration was cut short for Stevenson High School Saturday night as the boy’s water polo team failed to complete a state championship sweep against Lyons Township High School. Instead, it was the scene of Lions’ chants roaring from the stands and a frustrated Stevenson assistant coach ripping down […]
April durable goods report shows business investment on the rise
By Taylor Hall Despite a drop in volatile aircraft orders that sent durable goods down slightly in April, economists said a strong rise in business investment was a positive sign for the economy. The U.S. Department of Commerce report Tuesday showed new orders for manufactured durable goods, including items like dishwashers, computers and machinery, fell […]
Video: Northwestern’s scientist uses baker’s yeast to create a laboratory in a bottle
By Angela Barnes A compact, affordable device to diagnose how well your kidneys function is under development at Northwestern University. Adebola Adeniran, a third year Ph.D. candidate in the department of Chemical and Biological Engineering is creating this laboratory in a bottle using yeast, the simple ingredient we usually knead into bread dough. This yeast will […]
Video: Undocumented immigrant without proof of ID trapped in U.S.
By Coral Lu Indian native Raj has no legal status in the United States even though he has lived in Chicago for nearly 20 years. He has no passport, no credit card, no driver’s license and, most important, he has no identity here. “I don’t have a job; I help people in my community do […]
Honda knocks ‘Sox’ off Chicago for 30 years as South Side announcer
By Hannah Beery Thirty years ago, Eugene “Gene” Honda walked through the gates at Comiskey Park in hopes of a job with the South Side baseball team. At the stadium’s second-level offices, Honda watched as a security official glanced at him, then turned to a colleague and whispered, “You’re not going to believe what the […]