Word: chicago
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Dates: during 2000-2009
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Dangling from the sides of Chicago public buses in recent days: large signs bearing the slogan, "In the beginning, man created...
Experts have declared roughly half of Detroit (pop. 916,000) a food desert and estimate that nearly 633,000 of Chicago's 3 million residents live in neighborhoods either lacking or far away from conventional supermarkets like Jewel, Pathmark and Winn-Dixie. The paucity of affordable, healthy food options in urban communities is ironic in a country with an abundance of food. "Everyone deserves to eat," says Mari Gallagher, president of the National Center for Public Research, a Chicago group that studies urban issues. The crisis, she adds, "really is a matter of life and death." (See pictures of what...
Karriem Beyah, 47, is out to change all that with Farmers Best Market. He grew up on Chicago's South Side and worked in his godfather's neighborhood grocery store. So it isn't surprising that he embarked on a career chopping raw meat, loading food trucks and, eventually, managing a dairy distributor's operations. As he built his personal savings and a base of industry contacts, he noticed the growth of stores like Trader Joe's and Whole Foods in Chicago and its suburbs. "This should be on the South Side," he recalls thinking. But, he says, when...
Nevertheless, about four years ago, he began scoping out properties, just as research began to emerge identifying vast sections of Chicago - particularly its black neighborhoods - as a food desert. But the initial idea of opening a store in a black neighborhood was dashed. "I'd have to have a higher class of African Americans, that recognize the value of fruits and vegetables," he recalls thinking. Real estate was too expensive in neighborhoods like Bronzeville and Hyde Park, which boast high concentrations of black professionals. At the same time, he observed that many Latinos tend to have large families...
...That explains why Huang, who has partnered with Chicago-based sports-industry consultant Marc Ganis to broker deals between Chinese sports companies and U.S. sports teams, is a mystery man to many in the Chinese sports world, while he's considered something of an up-and-comer in U.S. industry circles. Ganis and Huang helped Rockets owner Leslie Alexander buy a stake in Chinese sportswear firm Anta for its successful initial public offering two years ago. But that comprador work is minor compared with the Cavs deal, which would rank as the biggest international sporting investment by a Chinese-Hong...