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The Washington Post
The Federal Reserve’s top officials headed into a pivotal meeting last week divided over whether to begin withdrawing its extraordinary stimulus of the American economy — and decided to leave it in place. But early remarks from key players over the weekend could hint at the beginnings of a consensus to finally pull the plug.
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CFA Chicago
Build a fully integrated financial statement projection model with income statement projections, a self-balancing balance sheet, an automated cash flow statement, and the balancing cash flow sweep/debt schedule. While knowledge of advanced accounting concepts is not required for this course, you should possess knowledge of basic accounting ratios and a basic understanding of how the major financial statements are inter-related.
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CFA Chicago
The Investment Exchange Forum is a stock-picking meeting of 10-15 CFA Chicago members. Each meeting features actionable ideas by presenting volunteers and a lively discussion of the topic at hand. The IEF is both an opportunity to learn how others present investment ideas concisely and a chance to practice stock pitches. In order to keep the quality of the stock picks as high as possible, we encourage attendance by members who are actively involved in investment management.
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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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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 Institute's Enterprising Investor
There was a lot riding on the U.S. Federal Reserve’s decision on interest rates the other day. Arguably everything, in fact.
Last time I talked about the Fed here, I suggested that the extreme level of uncertainty about long-term interest rates effectively breaks capitalism.
Surely we can agree that’s kind of a big deal.
But with this decision, there were two things hanging in the balance that are perhaps more important than the global capitalist system.
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Pensions & Investments
New rules requiring floating net asset values and potential withdrawal restrictions on institutional prime money market funds won't take effect until October 2016, but some money managers and consultants are warning the time to move out of them is now. Among the issues with delaying, they warn, are the potential for investment losses and reduced liquidity from a last-minute rush to the exits that could negatively affect the nearly $1 trillion of assets now in institutional prime funds.
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Crain's Chicago Business
Mayor Rahm Emanuel has increased spending every year since his election, despite promises to wring costs out of the Chicago budget.
Spending out of the city's main operating account — called the corporate fund — will climb 12 percent, to $3.39 billion, in 2015, up from $3.04 billion in 2011, after adjusting for a change this year in accounting for pensions, according to a city's Annual Financial Analysis.
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Reuters
City homeowners who have enjoyed free garbage service for generations would face a $9.50-a-month assessment under a plan Mayor Rahm Emanuel intends to present, a source familiar with the proposal said.
The city's first-ever garbage fee would be tucked in the water bills of as many as 613,000 homeowners possibly as early as Jan. 1 and raise nearly $70 million toward a $745 million budget shortfall.
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Chicago Tribune
There is a huge financial services industry dedicated to helping you manage your money. But the real secrets of successful investing and wealth creation are so simple that you shouldn't be overwhelmed by all the choices being offered. Instead, start with one small principle:
The secret of financial success is to make your money work for you as hard as you work for it over time.
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Chicago Tribune
This month we marked the seventh anniversary of the financial crisis. Sometimes people forget just how close to the brink the U.S. and global financial system was. To appreciate the stability that has been restored, it might be helpful to remember just how intense it was in that first week.
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Pensions & Investments
For the investment staff and trustees of the Public School Teachers' Pension & Retirement Fund of Chicago, it's fitting they got some book-reading done, courtesy of Charles A. Burbridge, executive director. Since joining the $10.7 billion pension fund and assuming its leadership in March, Burbridge has given to the three members of its investment team copies of “Pioneering Portfolio Management: An Unconventional Approach to Institutional Investment” by David F. Swensen, Yale University's chief investment officer, who oversees its $22 billion endowment fund.
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