— Chicago Cubs (@Cubs) September 16, 2016
Financial Services have been selling liquid-alt funds to investors as an alternative to risky and richly priced stocks and bonds.”
Investors Stick With Assets That Mimic Hedge Funds – (New York Times)
“If you think of an impartial, impassionate machine just grinding away, hitting bids trying to identify weakness and stops, then I think you have the CTA situation about right for now,”
Computer-driven strategies and risk-parity funds in focus as market’s summer calm ends – (FT)
In other words, the next five weeks are the most volatile time of the year and this recent volatility could only be getting started.
Why the Volatility Could Just Be Getting Started – (LPL Financial)
“If this trend continues, it means fewer family farms, fewer jobs, and fewer dollars being invested back into rural communities.”
Corn, Soybean Prices Fall as U.S. Production Forecasts Top Expectations – (Wall Street Journal)
$14 billion – the estimated value of cargo tied up globally as Hanjin ships idle outside ports that won’t let them in.
A By-the-Numbers Look at Hanjin Shipping’s Collapse – (Fortune)
Gov. Robert Bentley issued an executive order Thursday declaring a state of emergency in Alabama over concerns about fuel shortages in the wake of a gasoline pipeline spill that released about 250,000 gallons of gasoline south of Birmingham and shut down a major pipeline connecting refineries in Houston with the rest of the country.
Alabama, Georgia declare state of emergency after pipeline spill – (AL)
Policy and Politics:
The problem is not a lack of desire to have children, critics of the campaign say, but rather the lack of meaningful support provided by the government and many employers in a country where the family remains the primary source of child care.
Italy’s ‘Fertility Day’ Call to Make Babies Arouses Anger, Not Ardor – (New York Times)
They total 34.6 million people in all, a 10.8 percent increase since 2008
One In Six Eligible Voters Has A Disability – (FiveThirtyEight)
This is not capitalism, this is not the free market, this is a rigged market benefiting some greedy speculators,”
‘Hamilton’ Producer Tells Senate Show’s Tickets Are Too Pricey – (Bloomberg)
“The package is the largest single loan ever given by the U.S. Department of Transportation.”
With a $2.45 billion federal loan, Amtrak set for upgraded trains, stations – (Washington Post)
The first local eatery to make the list was Pequod’s, which took the no. 24 slot thanks to its deep-dish pizza with sausage and pepperoni paired with a “secret sauce.”
8 Chicago Pizzas Named Among 101 Best Pizzas in America for 2016: Report – (NBC News)
Today, the Chicago Park District revealed that Lollapalooza organizers C3 are on the hook for $453,000 worth of repairs to Grant Park this year
Lollapalooza racked up another huge repair bill in Grant Park this summer – (Time Out)
While the median income of white Chicagoans continues to climb, the black median income was more stagnant.
Good News For Some In Chicago’s New Income Numbers – (WBEZ)
Just for Fun:
Saturday Night Live has already fired three cast members, hired three featured players, and promoted two new co-head writers
‘SNL’ Hires Seven New Writers for Season 42 – (Splitsider)
Scientists have come to a consensus that our bodies definitely need sleep, but we don’t all need the same amount
Sunlight And An Internal Switch Dictate When We Sleep – (FiveThirtyEight)
“Summer weather patterns don’t matter as much as they used to, so we’re kind of entering a new regime,”
Sea ice in Arctic shrinks to second lowest level on record – (AP)
Religion in the United States is worth $1.2tn a year, making it equivalent to the 15th largest national economy in the world
Religion in US ‘worth more than Google and Apple combined’ – (The Guardian)