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Welcome to The Chicago Newsletter!

In today’s edition:

• Upcoming Joliet Slammers games.

• Workforce shortage hinders mental health expansion.

• Williams leads Chicago with efficient play.

• And more…

Quote of the Week

“Success is no accident. It is hard work, perseverance, learning, studying, sacrifice and most of all, love of what you are doing or learning to do.” 

–Pele

Sponsored

Investors have trusted this platform with +$1bn - here’s why

Through COVID, soaring inflation, and today’s crushing interest rates, a group of enterprising investors have collectively entrusted one billion dollars from their portfolios to Masterworks’ art investing platform.

Why? Because the contemporary art Masterworks offers—from legends like Picasso and Banksy—has demonstrated a low correlation to the stock market, inflation resistance, and exceptional appreciation potential. Not to mention Masterworks has completed 23 successful exits to date, distributing over $60+ million in net proceeds to investors in those offerings.

These investors didn’t need art expertise to diversify with blue-chip art, because Masterworks does all the heavy lifting, finding artists with appreciation potential (buying <3% of works offered) and then breaking an art offering into shares for you. If Masterworks sells a piece again for a profit, investors get a return. With 3 illustrative sales, Masterworks investors have realized net annualized returns of +17.6%, +17.8%, and +21.5%.

With 65,000+ investors, offerings can sell out quickly. Luckily, you can get priority access here.

Past performance is not indicative of future returns. Investment involves risk.

Disclosures:

The content is not intended to provide legal, tax, or investment advice.

No money is being solicited or will be accepted until the offering statement for a particular offering has been qualified by the SEC. Offers may be revoked at any time. Contacting Masterworks involves no commitment or obligation.

Contemporary art data based on repeat-sales index of historical Post-War & Contemporary Art market prices from 1995 to 2023, developed by Masterworks. There are significant limitations to comparative asset class data. Indices are unmanaged and a Masterworks investor cannot invest directly in an index. 

Net proceeds distributed back represents the total liquidation proceeds distributed back to investors, net of all fees, expenses and proceeds reinvested in Masterworks offerings, of all works Masterworks has exited to date.

See important Reg A disclosures at masterworks.com/cd.

Trivia

In Chicago, what is the 'L' short for?

A) Linear

B) Loop

C) Elevated

D) Local

Answer to Last Week's Trivia:

The famous architect who designed the Jay Pritzker Pavilion in Millennium Park is A) Frank Gehry.

News

💼 Business

City and state want to provide more mental health care services, but a workforce shortage threatens those ambitions. (link)

Commentary: Reopened mental health centers will serve the needs of Chicago’s most marginalized residents. (link)

🏒 Sports

Williams Shines in Limited Action: Leads Chicago to Points with Calm, Efficient Play. (link)

Miami Dolphins star Tyreek Hill says he will beat Noah Lyles in a race. (link)

🏦 Finance

Starting a creative career at Columbia College Chicago. (link)

Upcoming Events

Here are some events that are happening in our city this week. There is a good mix between sports, entertainment, conferences, concerts, and more.

Sports

⚾ Joliet Slammers vs. Windy City ThunderBolts
Duly Medical Group Field, Joliet, IL
Friday, Aug 23rd | 6:35 PM | More Info

⚾ Chicago Dogs vs. Lake Country DockHounds
Impact Field, Rosemont, IL
Friday, Aug 23rd | 6:30 PM | More Info

Music & Concerts

🎸 Darius
Outset, Chicago, IL
Thursday, Aug 22nd | 6:30 PM | More Info

🎷 Yuno Miles: Freaky Miles Tour
The Promontory 5311 South Lake Park Avenue West Chicago, IL
Thursday, Aug 22nd | 7:30 - 9pm | More Info

Family

🐦 An Act of God
Raue Center for the Arts, Crystal Lake, IL
Thursday, Aug 22nd | 2:00 PM | More Info

Image of the Week

Every week, I have a habit of making some AI art about our city.

This week, I typed in “Chicago with a large, central, computerized public library” and this is what I got.

Let me know what ideas you have for this. I really enjoy making these types of photos.

Chicago Historical Events

1995: The Chicago Heat Wave.

The 1995 Chicago Heat Wave was a devastating weather event that had a profound impact on the city and the Midwest region of the United States. Lasting from July 12 to July 15, the heat wave resulted in the tragic loss of over 700 lives in Chicago alone. The extreme temperatures and humidity caused power outages, health emergencies, and widespread suffering, making it one of the deadliest climate disasters in U.S. history. The event prompted significant changes in the way the National Weather Service (NWS) and the city of Chicago respond to extreme heat, leading to improved forecasting and warning skills to better protect the community.

In the aftermath of the 1995 heat wave, the NWS and the city of Chicago took significant steps to enhance their heat watch/warning criteria and prediction models. These efforts were aimed at preventing a similar tragedy from occurring in the future. The event also served as a wake-up call for the city, highlighting the need to address social and environmental factors that contribute to the impacts of extreme heat. As Chicago commemorates the 25th anniversary of this devastating heat wave, it is crucial to recognize the lessons learned and the ongoing efforts to build resilience to extreme heat in the face of climate change.

The 1995 Chicago Heat Wave remains a somber reminder of the dangers posed by extreme weather events and the importance of preparedness and community resilience. As the city continues to face the challenges of climate change, the lessons from this tragic event serve as a call to action for proactive measures to protect the well-being of Chicagoans in the face of future heat waves.

Famous People From Chicago

John Hughes (1950-2009) – Film director, producer.

John Hughes, a prolific American film director, producer, and screenwriter, left an indelible mark on the film industry with his iconic contributions. His work resonated with audiences, capturing the essence of teenage life and the human experience. From his early life to his lasting legacy, here is the comprehensive biography of John Hughes.

Early Life and Passion for Filmmaking (1950-1968)

John Wilden Hughes Jr. was born on February 18, 1950, in Lansing, Michigan. His family later moved to the Chicago suburb of Northbrook, Illinois, where Hughes spent his formative years. It was during this time that he developed a deep connection to Chicago, which would later influence his filmmaking.

Creative Beginnings and Career Launch (1969-1979)

In 1970, Hughes began his career as an author of humorous essays and stories for the National Lampoon magazine. His wit and insight into the teenage experience became evident in his writing, laying the foundation for his future success as a filmmaker. During this period, Hughes honed his storytelling skills and developed a keen understanding of the adolescent psyche.

Breakthrough in Filmmaking (1980s)

The 1980s marked a significant turning point in Hughes's career as he transitioned from writing to directing and producing films. His directorial debut came with the 1984 film "Sixteen Candles," which was met with critical acclaim and commercial success. This success set the stage for a series of iconic films that would define the teen movie genre, including "The Breakfast Club," "Ferris Bueller's Day Off," and "Pretty in Pink."

Cinematic Influence and Cultural Impact (1980s-1990s)

Hughes's films became synonymous with the teenage experience, resonating with audiences across generations. His ability to capture the complexities of adolescence, coupled with his distinct storytelling style, solidified his status as a cinematic trailblazer. The characters and themes in his films reflected the universal struggles and triumphs of youth, earning him a dedicated fan base.

Legacy and Lasting Impact (2000s-Present)

Despite his untimely passing on August 6, 2009, John Hughes's legacy continues to endure. His films remain timeless classics, cherished by audiences worldwide. The themes of friendship, love, and self-discovery depicted in his work continue to resonate with viewers, ensuring that Hughes's influence on the film industry remains profound.

Key Achievements of John Hughes:

• Captured the essence of teenage life and the human experience in his iconic films.

• Defined the teen movie genre with timeless classics such as “The Breakfast Club" and "Ferris Bueller's Day Off."

• Established a lasting legacy as a cinematic trailblazer, influencing generations of filmmakers.

• Reflected the universal struggles and triumphs of youth, earning a dedicated fan base worldwide.

• Remembered for his profound impact on the film industry and his ability to connect with audiences on a deeply emotional level.

John Hughes's life and work exemplify the power of storytelling and the enduring impact of cinematic art. His connection to Chicago and his ability to capture the essence of teenage life have solidified his place in film history, ensuring that his legacy will continue to inspire and resonate with audiences for years to come.

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I would love to hear from you. Don’t be shy.

-Matthew Larsen

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