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A finance professor at the University of Chicago, considered one of the world’s leading minds in banking, is one of three winners of 2022 Nobel Memorial Prize in Economic Sciences for his influential research into the banking system.
Douglas Diamond, a widely respected professor who has worked for the Booth School of Business since 1979, became the 97th fellow affiliated with the university to be a Nobel laureate and the 33rd in economics, according to the university.
Diamond will receive the prestigious award along with former Federal Reserve Chairman Ben Bernanke, who oversaw the 2008 financial crisis, and Professor Philip Dybvig of Washington University in St. Louis “for research into banking and financial crises,” according to the Nobel Foundation.
The trio will share the prize money of 10 million Swedish kroner, or about $885,000.
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As the sound of a whistle played in Pottawattomie Park on Monday, three people began shouting over the Native song. A division within Chicago’s Native American community came to a head in Rogers Park at what was intended as a celebration and news conference hosted by Indigenous Peoples Day Coalition-Illinois.
The coalition, made up of 195 organizations and businesses across cultures, faiths and neighborhoods, intended to encourage city, county and state officials to officially celebrate Indigenous history on the second Monday in October. But three people from the Chi-Nations Youth Council, a local organization for indigenous youth, interrupted from the start, saying one of the coalition’s founders “doesn’t speak for us.”
During the height of the pandemic, 4 in 10 Americans misled others about their COVID-19 status or their compliance with public health measures designed to prevent the spread of the virus, according to a study published Monday in JAMA Network Open, a journal of the Chicago-based American Medical Association.
Researchers found that about 42% of adults admitted to engaging in some form of deception related to having COVID-19, vaccination, or adherence to pandemic protocols. The findings were based on a survey of more than 1,700 adults nationwide conducted in December 2021 — a time when cases of the coronavirus were rising across the country, including in the Chicago area.
Chicago Red Stars players are calling for the expulsion of majority owner Arnim Whisler as the National Women’s Soccer League club tumbles following reports of abuse and harassment by former coach Rory Dames.
The players released a joint statement Monday, less than a week after the league announced the results of an independent investigation led by former acting U.S. Attorney General Sally Q. Yates and the law firm King & Spalding. The NWSL commissioned the investigation following a series of allegations of abuse and harassment throughout the league over the past year.
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The Yates report contained descriptions of abuse and harassment allegedly committed by Dames and allegedly covered up by Whisler.
A “Stranger Things” character will continue to hover outside a Plainfield home for the rest of October after the owners decided to keep their viral Halloween displaydespite opposition from a neighbor who was so upset by the sudden influx of spectators that he chased some of them away with a bat.
After homeowners Dave and Aubrey Appel shared a TikTok video in mid-September of preparations for their Halloween decorations, which included the character Max Mayfield, played by actress Sadie Sink in the hit Netflix series “Stranger Things,” that floated over their front yard, more than 1,000 people visited the home during the first weekend in October, Aubrey Appel said.
A few years ago, The Long Room could be as quiet as a library until around 8pm without the bar’s co-owner, Jason Burrell, giving it a second thought. The rush was still coming.
Now, that scenario makes him sweat.
“I wanted to be on pins and needles,” Burrell said. “I’d be like, ‘Come on, I’ve got bills to pay!'”
Two and a half years into a pandemic that’s becoming endemic, bars and restaurants like The Long Room are finding they need to do healthy business earlier in the day for one simple reason: To eat and drink late night just isn’t what it used to be. . And it may never be again.