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The University of Chicago has built a brand around the idea that its students should be unafraid to encounter ideas or opinions they disagree with. To drum that in, the school provides incoming students with copies of its 2014 free-speech declaration, known as the Chicago statement, which states that freedom of expression is an “essential element” of its culture. That neutrality, the university argues, allows for a robust, unencumbered exchange of ideas. Many professors swell with pride talking about how the school’s commitment to these principles has endured through two world wars, Vietnam and, more recently, the tumult of the Trump administration. And more than 100 institutions have adopted or endorsed similar principles.
Persons: Trump Organizations: University of Chicago Locations: Chicago, Vietnam
As the third graders of Cumberland Elementary in the Chicago suburbs colored, clipped and glued paper to make cicadas with filmy wings, they confided their fears about what is about to happen in Illinois. “Some people think cicadas can suck your brains out,” said Willa, a red-haired 8-year-old in a Star Wars T-shirt. “They’re going to be so loud,” Christopher, 9, said as he colored his cicada intently. “I hate noise.”“It’s kind of scary,” Madison, 8, said while picking through markers scattered on a green table. “What if they do something to me?”
Persons: , Willa, “ They’re, Christopher Organizations: Cumberland Elementary Locations: Cumberland, Chicago, Illinois, ” Madison
From a north central county known for ginseng farming and downhill skiing, he has served on the local school board, the Marathon County Board and the village board of trustees in Weston, population 15,000. In February, new legislative maps in Wisconsin were signed into law after more than a decade of partisan wrangling and legal battles. The new maps undid the gerrymander that had helped Republicans keep control of both state legislative chambers since 2012. The 85th Assembly District in Marathon County, where Mr. Xiong lives, is no longer a Republican-leaning seat: It is a tossup. “This idea came to reality when the maps changed,” Mr. Xiong said in an interview last month.
Persons: Yee Leng Xiong, Xiong, ” Mr, Patrick Snyder Organizations: Marathon County Board, Democrat, Legislature, Republican, District, State Assembly Locations: Wisconsin, Marathon, Weston, Marathon County
October Home Sales Likely Fell to New 13-Year Low
  + stars: | 2023-11-21 | by ( Nicole Friedman | ) www.wsj.com   time to read: +1 min
Even as home-buying demand has fallen, the inventory of homes for sale remains low because high rates make homeowners unwilling to sell and move. Photo: Jamie Kelter Davis for The Wall Street JournalTuesday’s existing-home-sales report is expected to show that the number of home sales in October fell to a new 13-year low. Economists surveyed by The Wall Street Journal estimate sales of previously owned homes fell a seasonally adjusted 1.5% in October from September. High home prices and elevated mortgage rates have made home purchases far less affordable for buyers, pushing many out of the market. Even as home-buying demand has slumped, the inventory of homes for sale has stayed low because high rates are making homeowners unwilling to sell and move.
Persons: Jamie Kelter Davis Organizations: The Wall, Wall, National Association of Realtors
Home Sales Fell to a New 13-Year Low in October
  + stars: | 2023-11-21 | by ( Nicole Friedman | ) www.wsj.com   time to read: 1 min
Even as home-buying demand has fallen, the inventory of homes for sale remains low because high rates make homeowners unwilling to sell and move. Photo: Jamie Kelter Davis for The Wall Street JournalHome sales fell in October to a fresh 13-year low as high interest rates and home prices continued to pummel the housing market. Home-buying affordability sits near its lowest level in decades, pushing many buyers out of the market. Existing-home sales for the full year in 2023 are on track to be the lowest since at least 2011, according to economist forecasts.
Persons: Jamie Kelter Davis Organizations: The Wall Street
The Trillion-Dollar Win Hiding in Your Mortgage
  + stars: | 2023-11-14 | by ( James Mackintosh | ) www.wsj.com   time to read: 1 min
Homeowners are clinging to their homes now that 30-year mortgage rates have leapt to near 8%. Photo: Jamie Kelter Davis for The Wall Street JournalIt is time to look more favorably on your mortgage. Getting one’s head around the idea that money you owe to someone else is an asset is hard. And sure, you still owe the money. But apply the logic used in the market, and there’s been a transfer of well over $1 trillion in wealth from banks and bondholders to borrowers as rates have soared—a gain in wealth widely ignored by the beneficiaries.
Persons: Jamie Kelter Davis, there’s Organizations: The Wall
Caregiving is difficult for everyone but it can take a particular emotional and financial toll on sons because they tend to keep things to themselves, don’t seek support, and feel uncomfortable providing personal care. “We don’t see many resources tailored to men, who end up feeling isolated,” says Jason Resendez, CEO of the National Alliance for Caregiving.
Persons: don’t, , Jason Resendez Organizations: National Alliance for Caregiving
U.S. Home Prices Rose to Record in August
  + stars: | 2023-10-31 | by ( Nicole Friedman | ) www.wsj.com   time to read: 1 min
The combination of high home prices and rising mortgage rates is making home purchasing unaffordable to many would-be buyers. Photo: Jamie Kelter Davis for The Wall Street JournalHome prices rose in August to a record high as a shortage of homes for sale kept the market competitive. The S&P CoreLogic Case-Shiller National Home Price Index, which measures home prices across the nation, rose 2.6% from a year earlier in August, compared with a 1.0% annual increase the prior month. The August level was the highest since the index began in 1987.
Persons: Jamie Kelter Davis Organizations: The Wall Street
David Siegel went to work for an affiliate of Guaranteed Rate in 2021 and got a signing bonus of more than $100,000. Interest rates were super low, and mortgage bankers were raking in cash. Now that business has dried up, the mortgage company wants its money back. He said it fired him one month shy of the date when it could no longer ask for the bonus back, then demanded the money. Guaranteed Rate and its affiliates are also telling hundreds of other former employees that they have to return their signing bonuses, people familiar with the matter said.
Persons: David Siegel
Inflation has picked up in recent months, with prices rising on everything from gas to food and insurance. WSJ’s Dion Rabouin explains how the latest U.S. retail sales report will provide the Federal Reserve the most important data point yet on the state of U.S. consumers. Photo: Jamie Kelter Davis/Bloomberg NewsAdd surging interest rates to the list of threats staring down the U.S. economy. The yield on the U.S. 10-year Treasury note touched 5% on Monday for the first time in 16 years, after climbing rapidly in recent weeks. That is among many borrowing costs—including for other long-term government debt, mortgages, credit cards, auto purchases and business loans—that could slow the surprisingly resilient economy.
Persons: WSJ’s Dion Rabouin, Jamie Kelter Davis Organizations: Federal Reserve, Bloomberg Locations: U.S
Brandon Will, 41, put his writing career on hold to become a full-time caregiver to his mom. He takes her on slow walks, trying to encourage her without getting frustrated. He arranges phone calls with her friends, cleans, cooks, and helps her dress and bathe. When she is thirsty, he gets her water.
Persons: Brandon Will
Brandon Will, 41, put his writing career on hold to become a full-time caregiver to his mom. He takes her on slow walks, trying to encourage her without getting frustrated. He arranges phone calls with her friends, cleans, cooks, and helps her dress and bathe. When she is thirsty, he gets her water.
Persons: Brandon Will
The Synod on Synodality, the sprawling meeting in Rome, has become a flashpoint among different factions of the church’s leadership. Attendees have a broad mandate to discuss the future of the church, including ordaining women as deacons and outreach to L.G.B.T.Q. Relatively progressive leaders, including those appointed by Pope Francis, see the synod as a hopeful moment that could lead to much-needed changes. Cardinal Blaise J. Cupich of Chicago, a close ally of Pope Francis, is among the 14 American bishops attending the meeting. But in a moment when the American church is especially polarized at the top, the synod is also laying bare the divide in the pews, and the scale of the challenge facing the pope.
Persons: Buś, Stan’s, Pope Francis, Cardinal Blaise J, Cupich Locations: St, Synodality, Rome, Chicago
As Abortion Access Shrinks, Hospitals Fill in the Gaps
  + stars: | 2023-10-23 | by ( Allison Mccann | ) www.nytimes.com   time to read: +16 min
As Abortion Access Shrinks, Hospitals Fill in the Gaps For this article, Allison McCann and Jamie Kelter Davis spent time with a patient from Indiana as she underwent an abortion at a Chicago hospital. Alaska Fla. Hawaii 16% 18% 20%+ Total or six-week abortion ban Wash. Maine Mont. Dr. Jonah Fleisher is a co-director of the Complex Abortion Regional Line for Access, or CARLA, which helps abortion patients find appointments at four Chicago-area hospitals. Chronic Conditions and Abortion Bans These health conditions, especially when left untreated, can add risks for abortion patients. Alaska Fla. Hawaii Diabetes among women High blood pressure among women Cardiovascular disease among women 9% 11% 13%+ 28% 30% 32%+ 5% 6% 7%+ Total or 6-week abortion ban Total or 6-week abortion ban Total or 6-week abortion ban Wash. Wash. Wash. Maine Mont.
Persons: Allison McCann, Jamie Kelter Davis, , , Roe, Wade, Conn ., Dobbs, Jenni Villavicencio, Jonah Fleisher, CARLA, Laura Laursen, Laursen, Dr, Conn . Conn ., Kan ., Nev, PolicyMap, “ It’s, Allison Cowett, Erica Hinz, couldn’t, Caroline Nyheim, Qudsiyyah Shariyf, Megan Jeyifo, J.B . Pritzker, CARLA —, — you’re, Mr, Pritzker Organizations: ” RUSH University Medical Center, Health, Ore, Conn . Pa . Iowa Neb, N.J . Ohio Nev, Ill . Utah Md, ., . Ill . Utah Md, OB, Society for Family Planning, Midwest, RUSH University Medical Center, Diabetes, Conn . Pa . Iowa Neb . Ohio Nev, N.J ., N.M, Hawaii Diabetes, N.D ., Vt, Wis ., Pa . Conn . Iowa Neb, Pa . Iowa Iowa Nev, Nev . N.J ., Ariz . D.C, Black, S.C . Iowa Miss, Nev . D.C, White, Family Planning, Chicago Abortion Fund, South, Nurses, Chicago Abortion, Illinois, Gov Locations: Indiana, Chicago, Indianapolis, . Maine, N.D, Vt, Minn, N.H . Wis, Idaho, S.D, Mich, Conn, Conn . Pa . Iowa, N.J . Ohio, Ind, Ill . Utah, W.Va, Colo . Va, Kan, Calif, Mo, Ky, R.I, N.C, Tenn, Del, ., S.C ., Ga, Ala . Miss . Texas La, Alaska Fla, Hawaii, N.J, Nev . Ohio, . Ill . Utah, R.I . Tenn, Okla, Illinois, N.H . Wis . Idaho, Wyo, Conn . Pa . Iowa Neb . Ohio, N.J . Ind, Ariz ., Pa . Conn . Iowa, . Ind, . Ark, N.H, Wis . Idaho S.D, N.Y, Wash . Maine, N.D . Maine Maine Mont, Mont, Minn . Vt, Ore, Mass, Wis, Wis . Idaho Idaho, Conn . Conn, Conn . Conn . Pa, Pa . Iowa, Pa . Iowa Iowa Nev . Ohio, Neb . Ohio, Nev . N.J, Nev . N.J . Ohio, W.Va . Ind, Ill, Colo . Utah Utah Md, Md, W.Va . Va . Colo, Colo, Ky . Va . Va, Kan . Kan, R.I . Ky, Okla . Tenn, Ariz . Ark, Ala . Miss ., Ala . Ala . Miss, . Texas La . Texas Texas, La . Alaska Alaska Alaska Fla, Fla, Hawaii Hawaii Hawaii, Ohio, Pa . Minn, Neb, Mo . Md, Ala, Wash, Ky . N.J, Conn . Va . Ind, S.C . Iowa, Ariz, Tex, Nev ., Fla ., Massachusetts
U.S. retail sales for last month came in much stronger than expected on Tuesday, signaling shoppers were not deterred by sticky inflation. Before the opening bell, the government reported September retail sales rose 0.7% from the prior month — more than double the estimates. Measuring year over year, the 3.8% increase in retail sales was still slightly higher than the CPI's advance of 3.7%. The retail sales data pointed to a resilient economy despite inflation still running way above the Federal Reserve's 2% target. TJX YTD mountain TJX Companies YTD Clothing and clothing accessories stores were down 0.8% month-over-month but increased 0.1% year-over-year.
Persons: Jim Cramer, We're, TJX, Jim Cramer's, Jim, Jamie Kelter Davis Organizations: Atlanta, Deal, Web Services, Food, Companies, CNBC, Shoppers, Bloomberg, Getty Locations: Maxx, Chicago
Jamie Kelter Davis | Bloomberg | Getty ImagesA recession has been in the forecast for much of 2023. "A recession is obviously going to happen at some point," said Jack Manley, global market strategist at JPMorgan Asset Management. Those factors may prompt the Federal Reserve to keep interest rates higher for longer, Aleman said. Experts say the key is to automate your savings so you do not even see the money in your paycheck. Another advantage to saving now: Rising interest rates mean the potential returns on that money are the highest they have been in 15 years.
Persons: Jamie Kelter Davis, Jack Manley, , Eugenio Aleman, Raymond James, Aleman, Manley, Barry Glassman, CNBC.com, Glassman, Mark Hamrick, Matt Schulz, Schulz Organizations: Bloomberg, Getty, Asset Management, National Association for Business Economics, Finance, Federal Reserve, Wealth Services, CNBC's, Bankrate Locations: Chicago
By almost any objective measure, Americans are doing much better economically than they were nearly three years ago, when President Joe Biden took office. Inflation hangoverSharply higher prices in 2021 and 2022 marked a painful economic moment for households around the world. The partisan gapCNN’s latest poll shows that Republicans and Democrats are both souring on President Biden’s handling of the economy. “People are no longer telling us how they feel about the economy — really, they’re telling us how they feel about the president,” Wolfers said. Either way, that poses a political problem for President Biden, whose re-election campaign has sought to highlight the economy’s strengths.
Persons: New York CNN —, Joe Biden, SSRS, , There’s, , Justin Wolfers, Wolfers, That’s, ” Wolfers, you’d, ” Morgan Stanley, Jamie Kelter Davis, Carola Binder, , Biden, It’s, Biden’s, David Axelrod, — CNN’s Matt Egan Organizations: New, New York CNN, CNN, University of Michigan, P Global Market Intelligence, Atlanta, Bloomberg, Getty, United, Index, Bureau of Labor Statistics, Haverford College, Biden, , White House Locations: New York, Wolfers, United States, Ukraine
All three major U.S stock indices pulled back this week, as earnings season wound down and retail earnings painted a mixed picture of the state of the economy. Looking to next week, we'll be watching how shares of Club name Palo Alto Networks (PANW) open on Monday. With mortgage rates hitting the highest level in over two decades this week, affordability remains a major impediment for the housing market. Earnings : Club name Foot Locker (FL) reports quarterly results Wednesday before the opening bell, while Club holding Nvidia (NVDA) releases after the close that same day. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: we'll, Locker, Mary Dillon, Lowe's, Jim Cramer's, Jim Cramer, Jim, Kelter Davis Organizations: Nasdaq, Dow Jones, TJX, Walmart, Federal Reserve, U.S, Palo Alto Networks, Palo, Club, Nvidia, Lufax, Baidu, Dick's Sporting, Coty, COTY, Urban Outfitters, Parts, Devices, Sonoma, Body, Abercrombie, Fitch, Autodesk, TD Bank, Royal Bank of Canada, Marvell Technology, Intuit, Nordstrom, Jim Cramer's Charitable, CNBC, Shoppers, Bloomberg, Getty Locations: U.S, China, Friday's, Williams, Burlington, Chicago , Illinois
Prisoners locked in their cells for days on end report walls speckled with feces and blood. Birds have moved in, leaving droppings on the food trays and ice bags handed out to keep inmates cool. Blocked from visiting the law library, prisoners say they have missed court deadlines and jeopardized appeals. One thousand inmates incarcerated at Waupun Correctional Institution, a maximum-security prison in southeast Wisconsin, have been confined mostly to their cells for more than four months, ever since prison officials locked down the facility and halted many programs and services. The state’s Department of Corrections has offered little explanation about the lockdown or why it has lasted so long.
Organizations: Waupun Correctional, The New York Times, state’s Department of Corrections Locations: Wisconsin, Waupun
"If you take away our health, you take away our wealth," Sanchez, a community planning manager at the Southeast Environmental Task Force, told Insider. The first-of-its-kind settlement with HUD could be a model for environmental justice advocates in other cities. If the city didn't agree to address environmental harms, it risked losing hundreds of millions of dollars in federal housing money. "Now all levels of city government have to listen to us and develop policies that are protective of public health." Sanchez said the case underscored the importance of updating city policies, because administrations come and go.
Persons: Oscar Sanchez, Sanchez, polluters, Robert Weinstock, who's, he's, Cheryl Johnson, Johnson, Jamie Kelter Davis, Weinstock, Brandon Johnson, Charles Rex Arbogast, Angela Tovar Organizations: Service, Environmental, Force, US Department of Housing, Urban Development, Northwestern University's Pritzker School of Law, Urban, Community, Factories, Washington, Getty, Chicago AP Locations: Chicago's, Chicago, Lincoln Park, Black, Calumet
Since the mid-20th century, the ground between the city surface and the bedrock has warmed by 5.6 degrees Fahrenheit on average, according to a new study out of Northwestern University. “All around you, you have heat sources,” said the study’s author, Alessandro F. Rotta Loria, walking with a backpack through Millennium Station, a commuter rail terminal underneath the city’s Loop district. “These are things that people don’t see, so it’s like they don’t exist.”It isn’t just Chicago. In big cities worldwide, humans’ burning of fossil fuels is raising the mercury at the surface. But heat is also pouring out of basements, parking garages, train tunnels, pipes, sewers and electrical cables and into the surrounding earth, a phenomenon that scientists have taken to calling “underground climate change.”
Persons: , Alessandro F, Rotta Organizations: Northwestern University . Locations: , Chicago
Fight or Flight: Transgender Care Bans Leave Families and Doctors ScramblingLaws in 20 states have left the fate of clinics in doubt and families with transgender children searching for medical care across state lines. But two new laws have left them debating whether to leave Iowa. A ban on a medication that pauses puberty taken by their transgender son, Brecker, was signed into law by the state’s governor in March. “It’s like trying to cross a bridge but the boards just fall out,” said Brecker, who recently finished seventh grade and began receiving puberty blockers in December, a year after coming out as transgender. “So you’re hanging on those two ropes, inching yourself across, not knowing whether the ropes are going to snap or break.”In 20 states, bans or restrictions on transition-related medical care for transgender youths are upending the lives of families and medical providers.
Persons: David, Wendy Batchelder, Brecker, Organizations: Republican Locations: West Des Moines , Iowa, Iowa
El Niño hasn’t even landed yet. That hasn’t stopped it from moving commodity markets around the world. The hard-to-predict climate pattern, when powerful, can usher in intense drought or rainfall, upend output from the world’s breadbasket regions, and whipsaw the prices of commodities. Brazilian sugar producers, American grain farmers and international traders are bracing for the phenomenon. But the cyclical shift in ocean temperatures can just as easily be a dud.
Kids in Hammond, Indiana, are forced to climb over and through stopped trains block their way to school. Jamie Kelter Davis for ProPublicaState lawmakers have tried to curb blocked crossings by restricting the lengths of trains. Spielmaker, the Norfolk Southern spokesperson, said: "We work with first responders on a daily basis to assist however we can. A favorable court opinion could allow other states to finally enforce their laws on blocked crossings. Among those who hope to voice their concerns about the blocked crossings are rail workers themselves who worry about the kids.
Many of the nation’s largest nonprofit hospital systems, which give aid to poorer communities to earn tax breaks, have been leaving those areas and moving into wealthier ones as they have added and shed hospitals in the last two decades. As nonprofits, these regional and national giants reap $8.8 billion from tax breaks annually, by one Johns Hopkins University researcher’s estimate. Among their obligations, they are expected to provide free medical care to those least able to afford it.
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