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CFA Institute's Enterprising Investor
Investing is always full of uncertainty, but 2015 is shaping up to be a year of paradigm shifts for fixed-income investors.
Specifically, the U.S. Federal Reserve looks set to raise interest rates for the first time in many years. China’s economy, long an engine for global economic growth and a shock absorber for economic crises in the West, appears to be full of strife. In addition, the other members of the BRICS also look beset by economic challenges.
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CFA Chicago
Kurt A. Summers, Chicago's newest City Treasurer, is the steward of the city's $7 billion dollar investment portfolio and is responsible for maintaining records and accounts of the city's finances while ensuring transparency and accountability for all transactions. Treasurer Summers also serves as an advocate to empower young people, workers and small business owners, as well as programs that promote economic growth and financial education.
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CFA Chicago
Multiple states and cities are facing significant funding issues putting their ratings and ultimately their solvency at risk. The panel will begin by providing a broad overview of the current state of affairs in the municipal market, an outlook for municipals, and then focus on the investment opportunities and risks of stressed credits including Illinois and Chicago.
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Ranked 6th in the U.S. and 33rd globally by Financial Times, the M.S. Finance program at IIT Stuart School of Business in Chicago is a leading choice for professionals looking to pursue careers in the financial markets. Learn more about how a Master’s degree or Certificate program can advance your professional opportunities.
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U.S. News & World Report
As climate change melts some of the Arctic's permafrost, natural resource companies and shippers are eyeing the potential to develop a region that is receiving renewed public attention from President Barack Obama's trip to Alaska.
According to global management consulting firm A.T. Kearney's Global Business Policy Council, worldwide investment in the region could reach $100 billion over the next decade.
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Crain's Chicago Business
Four years ago, Robert McCullen was flying high — literally. He was heading to New York to complete a long-awaited IPO for Trustwave, a Chicago-based tech company he had founded, when the stock market ruined everything.
Capping days of political and financial drama over the government's debt ceiling, “the market dropped over 500 points that day,” he recalls. The plane turned and headed home to Chicago. His 10-day road show pitching his business to would-be investors was over, and the initial public offering never was revived.
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Chicago Sun-Times
Sprint doubled down on Chicago, announcing plans to invest $150 million and add more than 1,000 jobs here by the end of 2016.
In March, the company launched its Sprint for Chicago plan to improve customer service, simplify the brand experience and enhance its network with plans to create 300 new jobs and invest $45 million.
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Crain's Chicago Business
We all have read a lot in the past few years about Illinois' two major financial deficits. There is a large mismatch between sustainable operating revenues and costs for existing programs — this is our structural deficit, which is on the order of $6 billion per year. And Illinois has an immense pension deficit, estimated to be greater than $100 billion.
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Pensions & Investments
With 7 of the 11 Chicago-area pension funds signed onto his aggregated fee proposal, Chicago Treasurer Kurt Summers plans to launch a clearinghouse for the plans to share investment manager fee data and work together to secure lower fees. While a number of pension funds are invested with the same managers and in some instances the same strategy, these investments and their associated fees are not considered in aggregate, with one pension fund sometimes paying more than another and driving up the overall cost.
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FORTUNE
In recent years, cash-strapped states and cities have started applying their sales tax laws to Internet-based activities, and for many companies the process is becoming a nightmare. The reason is that, when it comes to remote services like Netflix or Amazon Web Services, it can be hard to pinpoint where a transaction takes place — and it’s harder still to know when to apply a tax and who should collect it.
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