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Welcome to The Chicago Newsletter!

In today’s edition:

• Chicago Business Barometer rebounds sharply.

• Patrick Kane joins Detroit Red Wings.

• Law firms boost Chicago office leasing.

• And more…

Quote of the Week

"You must be the change you wish to see in the world."

- Mahatma Gandhi

Sponsored

Yes, this platform’s 77% return is an outlier – but the rest may surprise you

The news is true: Masterworks’ 15th sale just weeks ago returned an impressive 77% to investors. While such a high return is an outlier for the blue-chip art investing platform, you might be wondering what their prior sales delivered. Glad you asked… 

Every one of their sales has returned a profit to investors, with 12 of them delivering double-digit returns, and 1 delivering triple-digit annualized returns. 

In full, Masterworks has over 300 paintings and their 16 exits have delivered: 32%, 39.3%, 36.2%, 27.3%, 9.2%, 33.1%, 21.5%, 17.8%, 13.9%, 35%, 10.4%, 325.5%, 4.1%, 17.6%, 77.3%, and 13.4% net annualized returns. 

Every sale but one outperformed the stock market in the period from when it was offered to when it was sold. 

With performance like that, offerings on the platform can sell out in minutes. However, Local News Newsletter readers can skip the waitlist to join with this exclusive link.

Trivia

Which iconic Chicago food item is traditionally 'dragged through the garden,' meaning it's loaded with toppings?

A) Italian Beef Sandwich

B) Deep-Dish Pizza

C) Chicago-style Hot Dog

D) Polish Sausage

Answer to Last Week's Trivia:

The Chicago street known for its magnificent mile of high-end shops and boutiques is B) Michigan Avenue.

News

💼 Business

Chicago Business Barometer Rebounds Much More Than Expected In June. (link)

American Dental Association to move its Chicago headquarters by 2025. (link)

🏒 Sports

Patrick Kane, 35, re-signs with the Detroit Red Wings on a 1-year deal. (link)

Mexico out of Copa America after a 0-0 draw with Ecuador. (link)

🏦 Finance

Law firms driving leasing activity in Chicago's office market. (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. Schaumburg Boomers
Duly Medical Group Field, Joliet, IL
Thursday, Jul 11th | 6:35 PM | More Info

⚾ Chicago White Sox vs. Pittsburgh Pirates
Guaranteed Rate Field, Chicago, IL
Friday, Jul 12th | 7:10 PM | More Info

Music & Concerts

🎸TBA/Funky Mojo Daddy Blues Band
Kingston Mines - Chicago Blues Center 2548 North Halsted Chicago, IL
Thursday, Jul 11th | 6:00 PM - 2:00 AM | More Info

🎷 Frances Forever - 17+
Beat Kitchen, Chicago, IL
Thursday, Jul 11th | 8:00 PM | More Info

Family

🐦 Jersey Boys
Mercury Theater, Chicago, IL
Thursday, Jul 11th | 7:30 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 “A city in the clouds, with buildings suspended in the air over Chicago” 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

1886: Haymarket Affair.

The Haymarket Affair of 1886 was a pivotal event in Chicago's history, marking a significant moment in the struggle for workers' rights and labor reform. The incident took place on May 4, 1886, during a labor demonstration in Haymarket Square, where workers were advocating for an eight-hour workday. The peaceful protest turned violent when a bomb was thrown into the crowd, resulting in chaos and tragedy. The Haymarket Affair sparked widespread outrage and led to a crackdown on labor organizations, as well as a controversial trial that had a lasting impact on the labor movement in Chicago and beyond.

The aftermath of the Haymarket Affair had far-reaching consequences for the labor movement and the city of Chicago. The event brought attention to the plight of workers and the need for improved labor conditions, leading to increased public awareness and support for labor reform. However, it also led to a period of anti-labor sentiment and government repression, with several labor leaders being arrested and convicted in a highly controversial trial. The legacy of the Haymarket Affair continues to be remembered and commemorated in Chicago, serving as a reminder of the ongoing struggle for workers' rights and social justice.

Today, the Haymarket Affair is remembered as a pivotal moment in the history of labor rights and social justice in Chicago. The incident has become a symbol of the resilience and determination of workers in their fight for fair treatment and better working conditions. The Haymarket Affair serves as a reminder of the sacrifices made by those who fought for labor reform and continues to inspire efforts to address issues of inequality and injustice in the workplace.

Famous People From Chicago

Oprah Winfrey (b. 1954) – Media mogul, talk show host.

Oprah Winfrey: 1954-Present

Oprah Winfrey, a media mogul, talk show host, and philanthropist, has left an indelible mark on the world through her influential career and dedication to empowering others.

Early Life and Career Beginnings (1954-1983)

Oprah Gail Winfrey was born on January 29, 1954, in Kosciusko, Mississippi. Her early life was marked by adversity, including poverty and a challenging family environment. Despite these obstacles, she showed a natural talent for public speaking and performance, winning a scholarship to Tennessee State University. In 1976, she moved to Baltimore to co-anchor the evening news, marking the beginning of her career in media.

The Oprah Winfrey Show and Rise to Prominence (1984-1995)

In 1984, Oprah moved to Chicago to host "A.M. Chicago," which was later renamed "The Oprah Winfrey Show." The show quickly gained popularity and was nationally syndicated in 1986. Oprah's empathetic and engaging approach to interviewing and storytelling resonated with audiences, making her show one of the longest-running and highest-rated talk shows in television history.

Media Mogul and Philanthropy (1996-2005)

As her influence grew, Oprah expanded her media empire, founding Harpo Productions and launching O, The Oprah Magazine. She also ventured into film production and acting, earning critical acclaim for her performances. Alongside her media ventures, Oprah became known for her philanthropic efforts, establishing the Oprah Winfrey Foundation and supporting various charitable causes.

The Oprah Winfrey Show's Legacy and Impact (2006-2011)

After 25 seasons, "The Oprah Winfrey Show" came to an end in 2011, leaving behind a legacy of empowerment, inspiration, and social impact. The show addressed a wide range of topics, from personal development and wellness to social issues and advocacy, leaving a lasting impact on its viewers and society as a whole.

Later Career and Continued Influence (2012-Present)

Following the conclusion of her talk show, Oprah continued to be a prominent figure in the media and entertainment industry. She launched the Oprah Winfrey Network (OWN), a multimedia platform dedicated to uplifting and enlightening programming. Additionally, she has remained active in producing documentaries, hosting interviews, and advocating for social justice causes.

Oprah's Connection to Chicago

Oprah's time in Chicago was a pivotal period in her career, as it was where she gained national recognition and solidified her status as a media icon. Her show's impact on Chicago and its residents was profound, and the city became an integral part of her journey to becoming a household name.

Key Achievements of Oprah Winfrey:

• Hosted "The Oprah Winfrey Show," one of the longest-running and highest-rated talk shows in television history.

• Founded Harpo Productions and O, The Oprah Magazine, expanding her media empire.

• Established the Oprah Winfrey Foundation and supported numerous charitable causes.

• Advocated for social justice, empowerment, and wellness through her media platforms and philanthropic work.

• Remains a prominent figure in the media and entertainment industry, continuing to inspire and uplift audiences worldwide.

Oprah Winfrey's story is one of resilience, empowerment, and unwavering dedication to making a positive impact on the world. Her influence transcends borders and generations, leaving an enduring legacy of hope and empowerment.

Connect With Me

If you want to connect, reply to this email and let me know what you think.

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

-Matthew Larsen

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