Crain's Chicago has confirmed that the negotiations between Groupon and Google have collapsed. It appears the members of Groupon's board was reportedly divided over selling the idea of selling out to to Google. Their oppositions were not based on some “Moral principle,” or a CEO who’s great grand father started the business 100 years ago and can't imagine this company ever leaving their family’s control. No this was based on the simple belief that $6,000,000.00 is not enough money for a company that was started “A WHOLE TWO YEARS AGO.”
It turns out that many of the board members representing some the more-recent investors, are convinced that Groupon will be worth more next year. Word on the street is that Groupon might instead decide to pursue an (IPO) initial public offering next year.
Andrew Mason, Groupon CEO and founder, declined to comment on the news.
Mr. Mason echoed the same words that spokespeople for Google have been repeating all week, "I won't comment on speculation or rumors about the business."
OK. I’m not privy to the financial records of Groupon, I can't say weather $6 Billion dollars is the right price, or is it $7 Billion that is required to “Do the deal”; all I can think of is “How in the hell is a 2 year old company that sells coupons worth $6 Billion dollars?”
What strange economic times we live in today. I can’t find anybody that can explain the business- model behind Twitter, a company that I can’t find any evidence every collected any money for it’s services; yet I'm told by financial experts is worth $10 to $12 Billion dollars. Today you can get a steel mill, that once employed 3,000 people, free with a purchase of a “Happy Meal,” but Linked-in is worth billions.
Andrew Mason, I’m sure you will get the Billions you seek, and I'm jealous of staggering return on investments that will be reaped by those that had the wisdom to recognize that this two year old, Chicago company would find it’s self in a position to turn down multi-billion dollar offers. The Web continues to amaze.
Showing posts with label Chicago. Show all posts
Showing posts with label Chicago. Show all posts
Saturday, December 4, 2010
Wednesday, July 14, 2010
Transformers in Chicago
A long time ago, and far from Chicago, the planet of Cybertron, was home to a war between the "Autobots" and the Decepticons over control of a talisman called "Allspark." In an attempt to protect "Allspark" from falling into the hands Megatron, leader of the Decepticons; Optimus Prime (leader of the Autobots) hid it here on earth.
From what I can gather the movie has something to do with all these giant transforming robots waging some kind of explosive battle here on Earth, while every male in the audience focused on Megan Fox.
Well, it appears that the battle has come to the "Chicago Loop."
This past weekend, most of the streets of heart of Chicago's financial district had been taken-over by these robots, or at least by DreamWorks SKG. Streets were littered with what looked like massive pieces of falling debris, massive gapping holes, burnt abandoned cars, in other-words- it looked more like the West-Side of Chicago.
In answer to your question; as an Insurance Agent specializing in Car Insurance; Acts of War are not covered under your Auto Insurance policy - while never tested court, I assume that includes war brought to Earth from an other planet.
I'm not sure what plot turns were used to bring the war to the streets of Chicago, but I am sure that the Chicago's budget will benefit from the large checks the movie studio is witting. In fact, I think Mayor Daley would be well advised to steal this "Allspark" Talisman, keep it hidden forcing the battle to continue along with the seven figure checks from DreamWorks.
Friday, March 5, 2010
"Selective enrollment high schools" in Chicago
Sarah Karp in her article titled "Analysis of selective schools data shows poorer students have tougher time gaining admission"; she addressed the issue of creating a system that does not close-the-doors to all but the most advantaged.
In September of 2009, a federal judge lifted the desegregation consent decree that had, among other things, allowed the Chicago Public Schools to base acceptances to their "Selective enrollment high schools" based on race. Under the "Consent decree" admission could be based on a formula of 30% white, 30% Black 30% Hispanic and 10% Asian. The basis for the "Consent decree" was to address the fact that the Chicago school system was deeply divided along racial grounds, and that this separation was working against minorities. For years the CPS faced complaints from "High-scoring" whites and Asian students, stating that they were deigned spots at "Walter Payton School","Northside Prep" and other top "Selective enrollment high schools" based on a "Racial quota". At the same time some in the minority community were complaining that too many of these coveted spots were going to affluent students that had the advantage of having an expensive private school education.
With the desegregation decree gone, the CPS quickly tried to create some system that was in compliance with the law, yet held out a greater number of spots for those students coming from schools in disadvantaged areas of Chicago.
With very limited time to craft a new system; CPS instituted an admissions policy based on 40 percent of the students to be admitted based strictly on the
combined composite scores comprised of 7th Grade standardized test scores, grades and the selective enrollment entrance exam. Each of the three parts carry a maximum of 300 points. The maximum composite score this year was 900. That left 60 percent of the spots to be divided equally between four socio-economic tiers of students. the idea would be that children coming from disadvantaged areas of Chicago, would be competing only against other students in the same tier.
This resulted in a flawed system being replaced with an untested system. This experiment not only removed a "Racial quota", it also eliminated the common practice of balancing classes between boys and girls. The truth was, no one really knew how the numbers would differ from years past. The only thing that everyone could agree upon was that there were going to be "cries of unfairness" coming from all sides.
To no one's surprise, in the aftermath of the acceptance process, complaints were flying from all quarters. The fact that these results arrive at the same time that the CPS has announced massive budget cuts; has only amplified the rhetoric. In response to the growing cries from some minority groups, superintendent Huberman announced that he was adding 25 seats to the freshman classes at Whitney Young, Jones, Walter Payton and Northside Prep and reserving them exclusively for students from the city’s 87 worst performing elementary schools.
There is no question that students coming from privileged backgrounds, have a huge leg-up. These students have access to resources, often including having college-educated parents that place an enormous importance on their child's education. Fairness and compassion demands that society takes steps to bring these poor school, up to a basic standard the guarantees all children a shot at a bright future. It is unacceptable to just "Write-off" the kids as unimportant, but the idea of placing 100 students into positions, at the four most academically challenging schools, that they did not earn nor are they prepared to attend, is folly.
The truth is that there were students that did NOT get in to these schools, despite the fact that they had over 860 Points
It makes no sense to take children that scored under 700, while depriving straight "A" students spots.
In truth, many of these "NEW 100" did not even take the initiative to "Opt-in" to the process.
The CPS created a set of rules, 20,000 + plus students competed for spots in selective schools based on those rules; it is unfair to alter the criteria after the fact. This does an injustice those students that worked so hard but fell a few points short of their goal.
The CPS will not use the words, but the fact is the lion's share of the these 100 students will be African-American. That realization will most greatly impact those African-American that had won spots at these schools by simply out-scoring the vast percentage of applicants. I fear that these impressively qualified minority students will not be respected for their accomplishments, but instead be perceived as only there because of this last-minute political pressure.
It is clear that the CPS does not believe that these "100 Students" will be equipped to compete at these elite schools - it is for that reason they are planing on spending an additional $10,000.00 each student per year to help them deal with the rigorous classes.
I empathize with the motives, but by putting students into a spot they did not earn, nor are prepared for, is unfair to them as well as the students at these schools. It seems better to take the top 400 students from the city’s 87 worst performing elementary schools and put them together into one high school along with the $1,000,000.00 additional funding, instantly creating another selective enrollment school. The resulting high school will then be filled with those children that have demonstrated academic aptitude deserving recognition, yet short of the requirements of the "Top Schools"
In September of 2009, a federal judge lifted the desegregation consent decree that had, among other things, allowed the Chicago Public Schools to base acceptances to their "Selective enrollment high schools" based on race. Under the "Consent decree" admission could be based on a formula of 30% white, 30% Black 30% Hispanic and 10% Asian. The basis for the "Consent decree" was to address the fact that the Chicago school system was deeply divided along racial grounds, and that this separation was working against minorities. For years the CPS faced complaints from "High-scoring" whites and Asian students, stating that they were deigned spots at "Walter Payton School","Northside Prep" and other top "Selective enrollment high schools" based on a "Racial quota". At the same time some in the minority community were complaining that too many of these coveted spots were going to affluent students that had the advantage of having an expensive private school education.
With the desegregation decree gone, the CPS quickly tried to create some system that was in compliance with the law, yet held out a greater number of spots for those students coming from schools in disadvantaged areas of Chicago.
With very limited time to craft a new system; CPS instituted an admissions policy based on 40 percent of the students to be admitted based strictly on the
combined composite scores comprised of 7th Grade standardized test scores, grades and the selective enrollment entrance exam. Each of the three parts carry a maximum of 300 points. The maximum composite score this year was 900. That left 60 percent of the spots to be divided equally between four socio-economic tiers of students. the idea would be that children coming from disadvantaged areas of Chicago, would be competing only against other students in the same tier.This resulted in a flawed system being replaced with an untested system. This experiment not only removed a "Racial quota", it also eliminated the common practice of balancing classes between boys and girls. The truth was, no one really knew how the numbers would differ from years past. The only thing that everyone could agree upon was that there were going to be "cries of unfairness" coming from all sides.
To no one's surprise, in the aftermath of the acceptance process, complaints were flying from all quarters. The fact that these results arrive at the same time that the CPS has announced massive budget cuts; has only amplified the rhetoric. In response to the growing cries from some minority groups, superintendent Huberman announced that he was adding 25 seats to the freshman classes at Whitney Young, Jones, Walter Payton and Northside Prep and reserving them exclusively for students from the city’s 87 worst performing elementary schools.
There is no question that students coming from privileged backgrounds, have a huge leg-up. These students have access to resources, often including having college-educated parents that place an enormous importance on their child's education. Fairness and compassion demands that society takes steps to bring these poor school, up to a basic standard the guarantees all children a shot at a bright future. It is unacceptable to just "Write-off" the kids as unimportant, but the idea of placing 100 students into positions, at the four most academically challenging schools, that they did not earn nor are they prepared to attend, is folly.
The truth is that there were students that did NOT get in to these schools, despite the fact that they had over 860 Points
It makes no sense to take children that scored under 700, while depriving straight "A" students spots.
In truth, many of these "NEW 100" did not even take the initiative to "Opt-in" to the process.
The CPS created a set of rules, 20,000 + plus students competed for spots in selective schools based on those rules; it is unfair to alter the criteria after the fact. This does an injustice those students that worked so hard but fell a few points short of their goal.
The CPS will not use the words, but the fact is the lion's share of the these 100 students will be African-American. That realization will most greatly impact those African-American that had won spots at these schools by simply out-scoring the vast percentage of applicants. I fear that these impressively qualified minority students will not be respected for their accomplishments, but instead be perceived as only there because of this last-minute political pressure.
It is clear that the CPS does not believe that these "100 Students" will be equipped to compete at these elite schools - it is for that reason they are planing on spending an additional $10,000.00 each student per year to help them deal with the rigorous classes.
I empathize with the motives, but by putting students into a spot they did not earn, nor are prepared for, is unfair to them as well as the students at these schools. It seems better to take the top 400 students from the city’s 87 worst performing elementary schools and put them together into one high school along with the $1,000,000.00 additional funding, instantly creating another selective enrollment school. The resulting high school will then be filled with those children that have demonstrated academic aptitude deserving recognition, yet short of the requirements of the "Top Schools"
Monday, June 2, 2008
Johnny Depp in Chicago
Living in Chicago it is very easy to declare your self the be above the whole "Hollywood / LA" celebrity conscience scene; the same way one might proudly state they don't have time for television, instead they read.
But I have to admit, that I have made several visits to the few blocks around the Biograph Theater now doubling as the set for the new Dillinger movie staring Johnny Depp. Sure I tell myself that it is the history that intrigues me and not the stars, but once there, I find that I too am hoping to catch a glimpse of someone "Famous."
That said, the coolest part of watching them turn a street in my neighborhood back 74 years, is how little they had to do to make the transformation. Replace the Range Rovers, Toyota's and Volvo's, with cars from the thirty's. Switch out the clothes in the windows, replace a few signs and viola, it's 1934.
Christian Bale Melvin Purvis
Johnny Depp John Dillinger
Channing Tatum Pretty Boy Floyd
Emilie de Ravin Anna Patzke
John Herbert Dillinger was born on June 22, 1903, in the Oak Hill section of Indianapolis, a middle-class residential neighborhood. Frequently in trouble, he quit school and got a job in a machine shop in Indianapolis.
A break with his father and trouble with the law (auto theft) led him to enlist in the Navy. There he soon got into trouble and deserted his ship when it docked in Boston. Returning to Mooresville, he married 16-year-old Beryl Hovius in 1924. A dazzling dream of bright lights and excitement led the newlyweds to Indianapolis. Dillinger had no luck finding work in the city and joined the town pool shark, Ed Singleton, in his search for easy money. In their first attempt, they tried to rob a Mooresville grocer, but were quickly apprehended. Singleton pleaded not guilty, stood trial, and was sentenced to two years. Dillinger, following his father's advice, confessed, was convicted of assault and battery with intent to rob, and conspiracy to commit a felony, and received joint sentences of 2 to 14 years and 10 to 20 years in the Indiana State Prison. Stunned by the harsh sentence, Dillinger became a tortured, bitter man in prison.
His period of infamy began on May 10, 1933, when he was paroled from prison after serving 8 1/2 years of his sentence. Almost immediately, Dillinger robbed a bank in Bluffton, Ohio.
Meanwhile, Dillinger and his gang pulled several bank robberies. They also plundered the police arsenals at Auburn, Indiana, and Peru, Indiana, stealing several machine guns, rifles, and revolvers, a quantity of ammunition, and several bulletproof vests. On December 14, John Hamilton, a Dillinger gang member, shot and killed a police detective in Chicago. A month later, the Dillinger gang killed a police officer during the robbery of the First National Bank of East Chicago, Indiana. Then they made their way to Florida and, subsequently, to Tucson, Arizona. There on January 23, 1934, a fire broke out in the hotel where Clark and Makley were hiding under assumed names. Firemen recognized the men from their photographs, and local police arrested them, as well as Dillinger and Harry Pierpont. They also seized 3 Thompson submachine guns, 2 Winchester rifles mounted as machine guns, 5 bulletproof vests, and more than $25,000 in cash, part of it from the East Chicago robbery.
Dillinger was sequestered at the county jail in Crown Point, Indiana, to await trial for the murder of the East Chicago police officer. Authorities boasted that the jail was "escape proof." But on March 3, 1934, Dillinger cowed the guards with what he claimed later was a wooden gun he had whittled. He forced them to open the door to his cell, then grabbed two machine guns, locked up the guards and several trustees, and fled.
It was then that Dillinger made the mistake that would cost him his life. He stole the sheriff's car and drove across the Indiana-Illinois line, heading for Chicago. By doing that, he violated the National Motor Vehicle Theft Act, which made it a Federal offense to transport a stolen motor vehicle across a state line.
Dillinger was sequestered at the county jail in Crown Point, Indiana, to await trial for the murder of the East Chicago police officer. Authorities boasted that the jail was "escape proof." But on March 3, 1934, Dillinger cowed the guards with what he claimed later was a wooden gun he had whittled. He forced them to open the door to his cell, then grabbed two machine guns, locked up the guards and several trustees, and fled.
It was then that Dillinger made the mistake that would cost him his life. He stole the sheriff's car and drove across the Indiana-Illinois line, heading for Chicago. By doing that, he violated the National Motor Vehicle Theft Act, which made it a Federal offense to transport a stolen motor vehicle across a state line.
Then on March 30, 1934, an Agent talked to the manager of the Lincoln Court Apartments in St In Chicago, Dillinger joined his girlfriend, Evelyn Frechette. They proceeded to St. Paul, where Dillinger teamed up with Homer Van Meter, Lester ("Baby Face Nelson") Gillis, Eddie Green, and Tommy Carroll, among others. The gang's business prospered as they continued robbing banks of large amounts of money.
. Paul, who reported two suspicious tenants, Mr. and Mrs. Hellman, who acted nervous and refused to admit the apartment caretaker. The FBI began a surveillance of the Hellman's apartment. The next day, an Agent and a police officer knocked on the door of the apartment. Evelyn Frechette opened the door, but quickly slammed it shut. The Agent called for reinforcements to surround the building.
. Paul, who reported two suspicious tenants, Mr. and Mrs. Hellman, who acted nervous and refused to admit the apartment caretaker. The FBI began a surveillance of the Hellman's apartment. The next day, an Agent and a police officer knocked on the door of the apartment. Evelyn Frechette opened the door, but quickly slammed it shut. The Agent called for reinforcements to surround the building.
Dillinger and Evelyn Frechette fled to Mooresville, Indiana, where they stayed with his father and half-brother until his wound healed. Then Frechette went to Chicago to visit a friend--and was arrested by the FBI. She was taken to St. Paul for trial on a charge of conspiracy to harbor a fugitive. She was convicted, fined $1,000, and sentenced to two years in prison. Bessie Skinner, Eddie Green's girlfriend, got 15 months on the same charge.
In Washington, FBI Director J. Edgar Hoover assigned Special Agent Samuel A. Cowley to head the FBI's investigative efforts against Dillinger. Cowley set up headquarters in Chicago, where he and Melvin Purvis, Special Agent in Charge of the Chicago office, planned their strategy. A squad of Agents under Cowley worked with East Chicago policemen in tracking down all tips and rumors.
Late in the afternoon of Saturday, July 21, 1934, the madam of a brothel in Gary, Indiana, contacted one of the police officers with information. This woman called herself Anna Sage, however, her real name was Ana Cumpanas, and she had entered the United States from her native Rumania in 1914. Because of the nature of her profession, she was considered an undesirable alien by the Immigration and Naturalization Service, and deportation proceedings had been started. Anna was willing to sell the FBI some information about Dillinger for a cash reward, plus the FBI's help in preventing her deportation.
At a meeting with Anna, Cowley and Purvis were cautious. They promised her the reward if her information led to Dillinger's capture, but said all they could do was call her cooperation to the attention of the Department of Labor, which at that time handled deportation matters. Satisfied, Anna told the Agents that a girlfriend of hers, Polly Hamilton, had visited her establishment with Dillinger. Anna had recognized Dillinger from a newspaper photograph.
Anna told the Agents that she, Polly Hamilton, and Dillinger probably would be going to the movies the following evening at either the Biograph or the Marbro Theaters. She said that she would notify them when the theater was chosen. She also said that she would wear a red dress so that they could identify her.
Special Agent in Charge Melvin Purvis
On Sunday, July 22, Cowley ordered all Agents of the Chicago office to stand by for urgent duty. Anna Sage called that evening to confirm the plans, but she still did not know which theater they would attend. Therefore, Agents and policemen were sent to both theaters. At 8:30 p.m., Anna Sage, John Dillinger, and Polly Hamilton strolled into the Biograph Theater to see Clark Gable in "Manhattan Melodrama." Purvis phoned Cowley, who shifted the other men from the Marbro to the Biograph.
At 10:30 p.m., Dillinger, with his two female companions on either side, walked out of the theater and turned to his left. As they walked past the doorway in which Purvis was standing, Purvis lit a cigar as a signal for the other men to close in. Dillinger quickly realized what was happening and acted by instinct. He grabbed a pistol from his right trouser pocket as he ran toward the alley. Five shots were fired from the guns of three FBI Agents. Three of the shots hit Dillinger and he fell face down on the pavement. At 10:50 p.m. on July 22, 1934, John Dillinger was pronounced dead in a little room in the Alexian Brothers Hospital.
Byte Out of History story: The Fall of John Dillinger and the Rise of the FBI
Monday, April 21, 2008
Chicago Earthquake?
Rare, Large Earthquake Hits Midwest
Our bedroom is decorated with an eclectic mix of 30s Art deco mahogany, and modern furniture. In the sea of coco browns, gold and olive resides an artificial palm tree; its trunk comprised of PVC pipe, toped with leaves of cheep bright colored fabric. Twelve years ago, when it was purchased with a room full of baby furniture, it was cute, in a mobile-over-the-bed sort of way. Today it can only be defined as an eyesore. My son's room has long since been redecorated according to his desire not to be embarrassed when his fiends come over. The reason we inherited, and can not get rid of this "Tree" is because of what sits on top of it; our pet BLUE-CROWNED CONURE. Tucked inside the fabric fronds, is where he sleeps each night, flying him-self up there upon getting tired.
It was in him special spot on his tree where he was at 4:37 this morning till he suddenly woke me by squawking and franticly flying around the darkened, obstacle filled room. Terrified that he will crash into the armoire or vanity, I jumped out of bed and turned on the light so he could see his way. Once the room was bathed in light, he landed still visibly, and quite uncharacteristically upset. The last time this occurred was more than six months earlier, five minutes before a storm arrived.
It took more than an hour of my wife and I holding him, before he calmed down to go back to sleep. Without any explanation for his terror, I assumed that he must have had a nightmare, and said as much to my wife and son, who agreed, even though neither of us were sure that birds dreamt.
At a few minutes after 7:00 that mourning, I flipped open my laptop to read about an earthquake that occurred but a few hours prior.
WEST SALEM, Ill. (April 18) -- Residents across the Midwest were awakened Friday by a 5.2 magnitude earthquake that rattled skyscrapers in Chicago's Loop and homes in Cincinnati but appeared to cause no major injuries or damage.The quake just before 4:37 a.m. was centered six miles from West Salem, Ill., and 45 miles from Evansville, Ind. It was felt in such distant cities as Milwaukee, Des Moines, Iowa, and Atlanta, nearly 400 miles to the southeast.
So much for the nightmare theory!
Our bedroom is decorated with an eclectic mix of 30s Art deco mahogany, and modern furniture. In the sea of coco browns, gold and olive resides an artificial palm tree; its trunk comprised of PVC pipe, toped with leaves of cheep bright colored fabric. Twelve years ago, when it was purchased with a room full of baby furniture, it was cute, in a mobile-over-the-bed sort of way. Today it can only be defined as an eyesore. My son's room has long since been redecorated according to his desire not to be embarrassed when his fiends come over. The reason we inherited, and can not get rid of this "Tree" is because of what sits on top of it; our pet BLUE-CROWNED CONURE. Tucked inside the fabric fronds, is where he sleeps each night, flying him-self up there upon getting tired.
It was in him special spot on his tree where he was at 4:37 this morning till he suddenly woke me by squawking and franticly flying around the darkened, obstacle filled room. Terrified that he will crash into the armoire or vanity, I jumped out of bed and turned on the light so he could see his way. Once the room was bathed in light, he landed still visibly, and quite uncharacteristically upset. The last time this occurred was more than six months earlier, five minutes before a storm arrived.
It took more than an hour of my wife and I holding him, before he calmed down to go back to sleep. Without any explanation for his terror, I assumed that he must have had a nightmare, and said as much to my wife and son, who agreed, even though neither of us were sure that birds dreamt.
At a few minutes after 7:00 that mourning, I flipped open my laptop to read about an earthquake that occurred but a few hours prior.
WEST SALEM, Ill. (April 18) -- Residents across the Midwest were awakened Friday by a 5.2 magnitude earthquake that rattled skyscrapers in Chicago's Loop and homes in Cincinnati but appeared to cause no major injuries or damage.The quake just before 4:37 a.m. was centered six miles from West Salem, Ill., and 45 miles from Evansville, Ind. It was felt in such distant cities as Milwaukee, Des Moines, Iowa, and Atlanta, nearly 400 miles to the southeast.
So much for the nightmare theory!
Friday, November 23, 2007
Chicago's Murder rate Drops
To some extent it is just our minds playing tricks on us but lately, It seems at times that each night we turn on the news that is just one bad statistic after another. From the price of a barrel of oil, to the wars in Iraq and Afghanistan. Talk of the meltdown in home values caused in part by the sub-prime credit crunch, and the outrageous balance of trade deficit: so I was happy to read that the Chicago murder rate dropped.
As you can see, Chicago still has a way to go, and clearly the crime rates are far from evenly distriputed
As you can see, Chicago still has a way to go, and clearly the crime rates are far from evenly distriputed
Unfortunatly, Chicago is on pace to have more murders that New York City, eventhough our population is much smaller.
Larry Lubell
Friday, October 12, 2007
Clean Technology tower for Chicago
Within five days of hearing that Adrian Smith has been commissioned to do that 60-story addition in Sears' plaza, I just got word he's ALSO doing a 60-story tower at 321 S. Wacker (about 300 feet south of that), the southern of the two empty lots flanking the "birthday cake" tower at 311 S. Wacker.
Smith launched his new web site this evening, and you should read the first paragraph of this tower's description to understand why, when it comes to skyscrapers, there's Adrian and then there's everyone else...
http://www.smithgill.com/cleantechnologytower.htm
P.S. It took me a minute to figure out, but you have to click on a picture to enlarge it, then again to shrink it back to the menu.
Alan Craine Architecture Reporter
UrbanBlog
Smith launched his new web site this evening, and you should read the first paragraph of this tower's description to understand why, when it comes to skyscrapers, there's Adrian and then there's everyone else...
http://www.smithgill.com/cleantechnologytower.htm
P.S. It took me a minute to figure out, but you have to click on a picture to enlarge it, then again to shrink it back to the menu.
Alan Craine Architecture Reporter
UrbanBlog
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