oh, chicago

The history of derivatives in Chicago

This is a history of trading derivatives and the Board of Trade. In a way, this is a history of Chicago. “The opening of a canal in 1848 led to the birth of modern financial derivatives, and the early demise […]

oh, chicago

Ald. Proco Joe Moreno is having a rough year

The former Alderman of my ward lost his re-election bid earlier this year. More recently (this week) he was arrested for filing a false police report and related insurance fraud. And now, his ex-girlfriend filed a lawsuit against him for the […]

oh, chicago

Aldermanic drama over a West Loop development

At a meeting to discuss approval of a new building, Ald. Walter Burnett stormed out after being questioned about whether the developers contributed to his campaign. He makes a good point that the people complaining about this proposed building are […]