Word: chicago
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...more than just a measure. Where there's volatility, there's money to be made. Investors have been able to trade options on the VIX - essentially, bets against the index's own movements - since the Chicago Board introduced them in 2006. What's more, niche hedge funds set up to wager on rising volatility - New York-based AM Investment Partners, for one - have outperformed the markets as well as conventional funds in recent weeks. If that seems a bit rich, it might be time to add some volatility to your portfolio...
From stocks to house prices, profits to banks, right now, just about everything seems to be falling. Amid the carnage, though, there's at least one measure you can't keep down: fear. Wall Street's favorite measure of market volatility and investor jitters, the Chicago Board Options Exchange Volatility Index - VIX for short - briefly topped 80 points for the first time Thursday, as U.S. stocks slipped on a pile of poor economic news. The VIX, dubbed the "fear gauge", eventually closed at a touch under 68, three times the average over its 18-year history. Prior to this past...
...sense of the reaction in Chicago, consider the headline of a recent Chicago Tribune blog post: "Question for Ayers alarmists: Where were you in the 1990s?" That was the period in which Ayers evolved from a bomb-throwing radical into a socially acceptable pioneer in education. At the university in recent days, Ayers' colleagues have circulated letters expressing support. Similar formal statements may soon come from a group of alumni and the university itself. "Bill has nothing to be ashamed about in his scholarly career - it's one that any scholar can take pride in," says Victoria Chou, dean...
...because of tainted evidence. (Ayers' famous quote afterward: "Guilty as hell, and free as a bird. It's a great country.") By the mid-1980s, Ayers had re-emerged as an education scholar and was on track toward tenured status at the University of Illinois. In the early 1990s, Chicago's mayor, Richard M. Daley, named him an assistant deputy mayor for education, and by the decade's end, he'd been named the city's Citizen of the Year...
...became an influential fixture in Chicago society. In 1995, Ayers and his wife hosted a coffee at their home in the leafy intellectual enclave here known as Hyde Park. The Obama campaign has stopped commenting on it. Based on other reports, the gathering may have been a campaign event for Alice Palmer, the Illinois state senator who was one of Obama's mentors and, at the time, was plotting a bid for Congress. It may also have been one of several coffees organized at the time to allow Obama to be introduced as Palmer's heir apparent. Or both. (Palmer...