As pandemic blitzes city finances, an unexpected cash windfall for Chicago government

This office building at Fulton Market and Sangamon Street is among several buildings rising in the former meatpacking district and West Loop. City officials have used tax-increment financing to pay for infrastructure improvements in those areas. | Pat Nabong/Sun-Times The city’s 140 tax-increment financing districts held $1.79 billion at 2019’s end, far above what officials […]

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Rebel Wilson Puts Fit New Body On Display During Grocery Run In Her Workout Clothes — Pic

Rebel Wilson rocked the cutest workout outfit for a trip to Gelson’s Market on Aug. 7. HollywoodLife has a five-round circuit from the ‘Pitch Perfect’ star’s trainer! Rebel Wilson, 40, was in full workout mode when she was photographed at a Gelson’s Market in the Los Angeles neighborhood of Los Feliz on Aug. 7. The […]

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With City Hall hit hard by pandemic, big TIF balances could be a tempting source of cash

This office building is rising at Fulton Market and Sangamon Street. City officials have used projects funded by tax-increment financing to encourage development in the former meatpacking district. | Pat Nabong/ Sun-Times The city’s 140 tax-increment financing districts held $1.79 billion at 2019’s end. Will Mayor Lori Lightfoot tap some of that to help balance […]

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Indonesia plans cash transfers for nearly 14 million workers

© Reuters. A worker wearing a protective face mask sorts onion at a traditional market amid the spread of the coronavirus disease (COVID-19) JAKARTA (Reuters) – Indonesia plans to give cash transfers to 13.8 million workers at a cost of around $2.15 billion under its stimulus package to prop up household consumption in Southeast Asia’s […]

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Massive fire breaks out at market in Ajman near Dubai

A massive fire broke out Wednesday evening at a market in Ajman, an emirate in the United Arab Emirates located about 30 miles from Dubai. While the fire did not cause any deaths or injuries, parts of the market completely collapsed and burned to the ground, Sheikh Sultan bin Abdullah al-Nuaimi said in a statement, […]

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Fulton Market restaurants urge Lightfoot to restore 10-per-table limit

Formento’s and other Fulton Market restaurants want the city to ease the six-person table limit for inside dining. | Formentos.com By reducing table maximums from 10 to six, restaurant owners say Lightfoot unfairly “punished” restaurants for the bad behavior of a handful of bars. Restaurant owners fighting for survival in Chicago’s once-thriving Fulton Market district […]

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China forex regulator vows greater opening, eyes reform on private equity investment

© Reuters. SHANGHAI (Reuters) – China will continue to expand financial market opening, including exploring reforms to the rules governing cross-border investment management involving private equity funds, the country’s foreign exchange regulator said on Saturday. The State Administration of Foreign Exchange (SAFE) said in a statement it would maintain a push to “steadily expand two-way […]

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India’s gloomy outlook darkens, recovery path in doubt: Reuters poll

© Reuters. Migrant labourers sit on handcarts as they rest at a wholesale market in the old quarters of Delhi By Manjul Paul and Shaloo Shrivastava BENGALURU (Reuters) – The outlook for India’s reeling economy has worsened again as business activity slows and COVID-19 infections soar, and will probably prompt the Reserve Bank of India […]

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Pompeo mum on whether US is still trying to buy Greenland

Secretary of State Mike Pompeo refused to say Wednesday whether or not the U.S. was still in the market to buy Greenland. “Our goal is very clear. We’ve been upfront about it. We want to make sure that there’s a prosperous, safe and secure Faroe Islands, Greenland,” Pompeo said in an interview with a Danish reporter. Pompeo met Wednesday […]

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Tristan Thompson Selling $8.5 Million Home Amid Khloe Kardashian Reconciliation Speculation

Tristan Thompson put his Encino pad on the market! This happened as the NBA player continues to reunite with Khloe Kardashian (who lives in Calabasas) for family hangouts. Tristan Thompson, 29, is offering his home to buyers — and we’re not talking about his Ohio property! The Cleveland Cavaliers player recently listed his seven-bedroom, seven-bath […]

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Whole Foods sued by workers for barring BLM face coverings

A federal lawsuit against Whole Foods Market accuses the supermarket chain of retaliating against its employees when it barred them from wearing Black Lives Matter face coverings while on the job By The Associated Press July 20, 2020, 6:51 PM 2 min read Share to FacebookShare to TwitterEmail this article BOSTON — Whole Foods Market […]

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Mexico’s annual inflation picked up in first-half July: Reuters poll

© Reuters. Man counts money to pay meat products at Granada market in Mexico City MEXICO CITY (Reuters) – Mexico’s annual inflation rate accelerated slightly in the first half of July, thanks to higher prices of energy and some food items, a Reuters poll showed. The 11 experts forecast annual inflation of 3.58% for the […]

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Morgan Stanley’s profits surge 45 percent despite coronavirus

The market and the economy are out of sync, and that was a recipe for success at Morgan Stanley. The Wall Street giant’s chief James Gorman delivered a blowout quarter to investors on Thursday, riding an unprecedented market rally in the second quarter even as the US economy got slammed with record unemployment and business […]

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Shadow Bank Weaknesses Forced Fed’s Market Rescue, Quarles Says

© Reuters. Shadow Bank Weaknesses Forced Fed’s Market Rescue, Quarles Says (Bloomberg) — A top Federal Reserve official is issuing a warning about fast-growing and largely unregulated shadow lenders: They were a big factor in why central banks had to save markets earlier this year, and much more needs to be done to assess the […]

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Inflation Believers Win Big and Defy the Pandemic Market Panic

© Reuters. Inflation Believers Win Big and Defy the Pandemic Market Panic (Bloomberg) — Mark Nash snapped up inflation-protected bonds in March, when markets were shaken by fears of recession and deflation that left the securities dirt cheap. Now he and other contrarians are reaping the benefits of record gains in the bonds. Inflation-linked bonds […]

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Biogen applies to market Alzheimer’s disease treatment in the US

Biogen has asked the feds to let it market a potentially groundbreaking treatment for Alzheimer’s disease in the US, the company said Wednesday. The Massachusetts-based biotech firm asked the Food and Drug Administration for an expedited review of the drug known as aducanumab, which would be the first treatment to change the course of Alzheimer’s […]

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Money market funds see largest redemptions since December 19: BofA

LONDON (Reuters) – Money market funds saw their largest redemptions since December 2019 in the week to Wednesday, BofA said in a report on Friday, while $7.1 billion was pulled out of equity funds. BofA said its ‘Bull & Bear’ indicator was no longer in “buy” territory for the first time since March 17. Investors […]

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Tesla tops Toyota to become world’s most valuable automaker

Tesla’s market value sped past Toyota’s on Wednesday, making Elon Musk’s electric car company the most valuable automaker on earth. Tesla’s stock, which has been surging all year, climbed 4 percent ahead of its upcoming second quarter delivery numbers and hit an all-time high of $1,135.33. The spike brings its market cap just shy of […]

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UN says Afghan military mistakenly fired mortars into market, killing 23 civilians in area controlled by Taliban

An impartial investigation by the U.N. mission in Afghanistan concluded that a shooting at a market in Sangin on Monday that killed nearly two dozen civilians, including children, was the result of mortars fired by the Afghan Army that was intended to target the Taliban. MAN WHO BEHEADED US JOURNALIST DANIEL PEARL TO BE FREED […]

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Ad sales plunge in May as lack of NBA hurts Disney, WarnerMedia

The coronavirus continued to wreak havoc on the advertising market in May, new data shows. Last month, US advertising revenue plummeted 31 percent with the postponement of big-ticket sporting events dragging down big media companies like Disney, owner of ESPN, according to a new report from StandardMedia Tracker, which tracks media spend. According to the […]

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US workers file 1.48 million jobless claims, bringing coronavirus total to 47M

Some 1.48 million Americans applied for unemployment benefits last week as the labor market struggled to recover from the coronavirus pandemic, new data shows. The latest figure from the US Department of Labor brought the number of workers sidelined by the crisis to more than 47 million even as the weekly total continued its steady […]

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Knicks Add a Well-Connected Player to Their Front Office

The Knicks, persistently in the market for credibility, clout and connections, made a move to address all three shortcomings on Wednesday by adding one of basketball’s best-known outsiders to the team’s front office. The new hire, William Wesley, is more commonly known in N.B.A. circles by his nickname, World Wide Wes. He joined the Knicks […]

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When the Soldiers Meant to Protect You Instead Come to Kill

KONGOUSSI, Burkina Faso — Market day was in full swing when soldiers sped into the northern town of Taouremba, firing in the air, as their drone buzzed overhead. They herded the men into the central marketplace, residents said, letting the women run home. A soldier began reading names from a tablet computer, and those who […]

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Oaktree’s Marks says odds not in investors’ favor in stock rally

By John McCrank NEW YORK (Reuters) – The massive stock market rally in the midst of the coronavirus pandemic has been built largely on optimism and has overlooked potential negatives that could end up catching investors off guard, Howard Marks, co-founder of Oaktree Capital Management, said in a client note. Much of the rally seems […]

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