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The [Thursday] Papers

Hey, that Ellery Queen episode is on again!

<---

We're working on it.

In the meantime, let's take a look at our world today.

1. "Larry Taylor never became the basketball star he hoped to be in the United States," AP reports. "He never thrived at a top university, never made it to the NBA.

"In a few months, though, the point guard likely will be playing where only the best can play the Olympics in London. Instead of donning the stars and stripes of the United States, he will wear the green and yellow colors of the Brazilian national team."

Why am I telling you this? Just out of local interest:

"The 6-foot-1 Taylor was born in Chicago and went to Rich Central High School in nearby Olympia Fields. He went to South Suburban College, a junior college near Chicago, for two years before moving to Missouri Western State College. He joined the Chicago Soldiers in the American Basketball Association in 2004, but stayed with the team briefly before accepting an offer to play in Mexico, where he stayed about two years before going to Venezuela."

2. Gunshots To Google.

3. Chicago has 435,089 cable-TV subscribers.

4. Are you proud, Berkeley?

5. "Greyhound Express, a new premium bus service, rolled out Wednesday for routes that link Los Angeles, Oakland, San Francisco and other California cities," the Los Angeles Times reports. "The brand that turns 100 next year has tricked out Express buses with free Wi-Fi, power outlets, leather seats, three-point seat belts and extra legroom. Express customers get one more nice perk too: reserved seats."

Why am I telling you this? Just out of local interest:

"The service was launched 15 months ago in Chicago."

6. Does Joe Cowley (and a couple other Sun-Times sportswriters) really live in Minnesota?

See also: Fire Joe Cowley.

7. The deposition of Richard M. Daley in a civil suit against Jon Burge has been scheduled for July 13.

That gives him two months to practice saying "I don't recall."

8. Kanye West Hops On Chief Keef.

9. Scientists Around The World Peer Into Chicago Microscope At Same Time.

10. How Has Prison Changed Conrad Black?

11. CIA director David Petraeus will be the grand marshal for Chicago's Memorial Day Parade.

The resemblance is frightening, no?

12. 114 of 177 Unopposed In IL General Assembly.

13. Whatever Happened To Emily Haddad?

14. Illinois Fossil Forest Freak Show!

15. Swings Both Ways: April Not The Cruelest Month.

16. "The recently released estimate by Chicago's host committee on the economic impact of the NATO summit here this month - $128 million - is as far away from reality as Brussels (NATO headquarters) is from Chicago," economists Robert Baade and Allen Sanderson write in the Tribune.

"A 2008 study by one of us (Baade) found that no Republican or Democratic National Convention had an impact on employment or personal income in the 50 largest metropolitan areas in the United States for the period 1970 through 2005. Why would one expect the NATO summit to be different?"

Because Rahm says so?

*

"On the cost side of the ledger, to cover security commitments, Chicago has received a $19 million federal grant, and the host committee has raised an additional $37 million in private donations from the corporate community. But in economic jargon, these monies entail an opportunity cost. It is inconceivable to think that Mayor Rahm Emanuel could not have twisted the arms of these business leaders with equal success for the support of after-school programs, a down payment on his ambitious infrastructure agenda or some seed funding for a revamped Navy Pier."

Told you so.

"And as Chicagoans have come to expect, initial low-ball estimates and cost overruns will likely produce actual outlays well in excess of the projected figure. However, one feature of these off-the-shelf impact models is that any spending, however wasteful, contributes positively to the economic worth. Thus, under the same spend-more-get-more logic, Chicago should be increasing its Taste of Chicago food festival from the traditional 10 days to 20 or 30 days. After all, suburban families and residents of Iowa, Wisconsin and Indiana allegedly come in droves to empty their wallets on the Chicago economy. But the city's bean (and cheesecake) counters concluded that for financial reasons we cannot afford it, and thus scaled the Taste back to five days this summer.

"The same is true of the July 3 fireworks in Grant Park, which the city no longer sponsors. Ditto for Venetian Night and various other lakefront festivals that the Park District has also canceled. Do these activities generate spending? Yes. But the bottom line is that they cost far more to operate than they bring in, and for the most part they only redistribute expenditures within the larger Chicagoland area."

Rahm made $18 million in 36 months as an investment banker. He would be laughed out of the executive washroom for trying to present a study like this to his bosses or clients. His constituents? That's different.

-

The Beachwood Tip Line: Forest, trees.



Permalink

Posted on May 3, 2012


MUSIC - The Weekend In Chicago Rock Including Riot Fest Highlights.
TV - No Rehabilitating Vietnam.
POLITICS - Trump's Farmer Heavily Subsidized.
SPORTS - The Cubs' Season In Verse.

BOOKS - Dots & Dashes.

PEOPLE PLACES & THINGS - Certified Angus Beef® Honors Chicago Stars.


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