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Lolla sent Chicago Park District record revenue in 2023

The Chicago Park District received its biggest haul yet last year from the organizers of Lollapalooza, who paid $9.6 million in fees to use Grant Park for the annual four-day music festival. The boosted revenue for the Park District was mostly expected: This was the first year under a new contract that allowed festival organizers C3 Presents to sell tickets to 15,000 additional attendees per day. Headliners last year included Kendrick Lamar, Billie Eilish, Lana Del Rey, Thirty Seconds to Mars and the Red Hot Chili Peppers. Advertisement The contract also put in place a new revenue-sharing agreement that gave the city a sliding…

How a New Middle East Alliance Could Reshape the Global Energy Landscape

Iran and Iraq last week agreed to create a series of executive committees aimed at increasing cooperation in all areas of the energy sector and beyond. Given that the U.S. is now the world’s leading producer of crude oil, natural gas, and liquefied natural gas, many Americans may wonder why this matters. The answer is that the world runs on energy, most of the world’s energy resources are still in the Middle East, and the ongoing struggle to control them is a key determinant in how the world functions politically, including the U.S. Out of all the Middle East’s big oil and gas powers, Iran and Iraq are the most important, and…

Why young borrowers are at the ‘short end of the stick’ according to David Koch

Younger generations are getting the “short end of the stick” as a result of soaring interest rates but older generations have been spared the pain, according to David “Kochie” Koch. Kochie, former Sunrise host and now Economic Director at Compare the market, said young borrowers are being hit hardest by rising interest rates and soaring inflations. “If you bought your home in early 2022 under the pretence that interest rates would stay low for longer, you’ve now been lumped with the short end of the stick,” Mr Koch said. Data from Compare the Market has revealed that homeowners who bought property at the peak of the market in early…

5 Banks That Are Open On Sundays

Fact Checked Fact Checked Published: Jan 9, 2024, 5:35pm It used to be much harder to get to the bank before it closed—so much so, that the term “banker’s hours” was used to refer to a short working day. Now, not only are banks typically open during regular business hours, but some are even open on the weekend. While it can be hard to find banks that are open on Sundays, there are a handful, albeit with limited hours. If it’s Sunday and you have transactions that require in-person assistance, the banks on our list may be able to help you. Are Banks Open on Sunday? Banks are typically closed on Sunday because the financial system…

China Looks To Play Peacemaker in the Middle East

A rocket barrage on a strategic air base in northern Israel sent from Lebanon by Hizballah is the latest in a growing string of events in the Middle East that analysts say could boost China's standing in the region and create new opportunities for it to expand its influence. That January 6 attack adds to other intensifying violence -- from attacks by Yemen's Iran-backed Huthis on commercial shipping in the Red Sea, strikes by Tehran-linked groups on U.S. bases in Iraq, a deadly bombing in southern Iran claimed by the Islamic State group, and the ongoing war in Gaza -- that highlight rising instability that could undermine efforts…