Community
Sue Ling Gin Foundation Trust's $10 million donation fuels Chinese American Service League's vision for community care expansion
The Chinese American Service League (CASL) marked its 45th anniversary with a gala in Chicago, sponsored by the Sue Ling Gin Foundation Trust. The foundation generously donated $10 million to the organization. The event attracted over 400 Chicago residents, all showing their support for CASL's community mission.
Chicago opens fifth Community Reentry Support Center for returning residents
The city of Chicago has announced the inauguration of its fifth Community Reentry Support Center (CRSC). The new center, designed to assist residents returning to Chicago's West Side, is a significant addition to the city's infrastructure.
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Community
Sue Ling Gin Foundation Trust's $10 million donation fuels Chinese American Service League's vision for community care expansion
The Chinese American Service League (CASL) marked its 45th anniversary with a gala in Chicago, sponsored by the Sue Ling Gin Foundation Trust. The foundation generously donated $10 million to the organization. The event attracted over 400 Chicago residents, all showing their support for CASL's community mission.
Flying Food Group’s Sue Ling Gin Foundation donates $21 million to Chicago community violence intervention program
The Sue Ling Gin Foundation Trust, which is affiliated with airline catering company Flying Food Group (FFG), has recently donated $21 million to Chicago CRED, a community violence intervention program. The substantial donation was publicly announced on the organization's website on November 28th.
Mayor appoints real estate executive as Commissioner of the Department of Planning and Development
The city of Chicago has announced that Mayor Brandon Johnson has appointed Ciere Boatright as the Commissioner of the Department of Planning and Development for the City of Chicago. Boatright, who currently serves as the Vice President of Real Estate & Community Development at CRG, brings her extensive experience to the role.
Chicago Community Loan Fund highlight pro-bono attorneys
Chicago Community Loan Fund (CCLF) highlighted the work of pro-bono attorneys in a recent press release. The Chicago Lawyers’ Committee for Civil Rights (CLCCR) administers Pro Bono Works, a prominent pro bono initiative in Chicago, connecting attorneys with individual clients, small businesses, nonprofit organizations, and community-based groups.
Chicago Community Loan Fund released its Second Quarter 2023 report
The Chicago Community Loan Fund published its Second Quarter 2023 report, highlighting various aspects of their initiatives and achievements. The report features insights into the Rimland grand opening, CCLF stakeholders meeting and the Chicago Neighborhoods Rebuild program, among other updates and events as outlined by the Second Quarter 2023 report provided by the Chicago Community Loan Fund.
City
The city of Chicago has announced the inauguration of its fifth Community Reentry Support Center (CRSC). The new center, designed to assist residents returning to Chicago's West Side, is a significant addition to the city's infrastructure.
Mayor Johnson's executive order streamlining housing and commercial development approvals
The city of Chicago has officially announced that Mayor Brandon Johnson has signed an Executive Order aimed at simplifying city approvals. This significant announcement was made during the groundbreaking ceremony for Grace Manor Apartments, a $40 million project committed to ensuring 100 percent affordability in Chicago’s North Lawndale neighborhood.
Chicago city council approves mayor's $16.77 billion 'People's Budget' for FY2024
The Chicago city council recently approved Mayor Brandon Johnson's FY24 budget with a 41-8 vote. Totaling $16.77 billion, the "People's Budget," will allocate funds to priority areas such as public safety and mental health care, along with investments in the youth of the city. The budget has been dubbed 'The People's Budget' due to its focus on addressing core needs of the populace without increasing property taxes.
Business
CME Group sets new milestone with over 60 million SOFR contracts
CME Group recently revealed that its Secured Overnight Financing Rate (SOFR) complex has achieved a significant milestone by setting a new record of 60,435,467 contracts. This total comprises 48.3 million options contracts and 12.1 million futures contracts, all of which operate under CME rules.
CME Group extends CEO tenure through 2025
CME Group has announced the extension of Chairman and Chief Executive Officer Terry Duffy's tenure through an updated contract agreement approved by the Board. Duffy, a veteran of the futures industry for over 40 years, has held his current position since 2016.
CME Group introduces FX Spot+ to unify OTC and futures liquidity
CME Group has announced the introduction of CME FX Spot+, a comprehensive spot foreign exchange (FX) marketplace. The new platform leverages FX Link, a liquid and tradable spread between over-the-counter (OTC) spot FX and CME Group's FX futures, to bridge liquidity across the two trading environments.
Northern Trust chosen as custodian for Nebraska Investment Council pensions
Northern Trust, a leading provider of wealth management services, has announced that the Nebraska Investment Council (NIC) has chosen it to provide asset management and servicing solutions for its pension fund. These solutions include custody, portfolio analytics, and securities lending. The NIC is responsible for providing investment services for the state of Nebraska and oversees the management of assets in state pensions and trust funds.
Extreme demands from union lead to permanent closure of Berlin Nightclub
Chicago’s iconic LGBTQ+ bar, Berlin Nightclub, is permanently closing after 40 years of business. The club made the announcement on Nov. 21 on its website after previously highlighting extreme demands it was facing from Local 1 Union earlier this fall.
Sports
The Chicago Park District is hosting the annual Silver Skates local and free speed skating tournament at a number of venues.
Opinion
In what might be described as a modern day debtor’s prison, Chicago is the only major city in the United States that strips gig-workers, small-business owners, and ride-share drivers’ business licenses, for their unpaid ticket debts.
According to a recent study commissioned by the City of Chicago and conducted by Crowe LLP, a public accounting firm, drivers for Uber and Lyft earned more than $18 per hour, after accounting for expenses such as gas or vehicle depreciation.