Category: News
Inician conversaciones en Bruselas sobre reconstrucción de Gaza
Por SAM McNEIL
BRUSELAS (AP) — Más de 60 delegaciones se reunieron en Bruselas el jueves para discutir la reconstrucción, la gobernanza y la seguridad en la Franja de Gaza y la reforma de la Autoridad Palestina.
Francia y Arabia Saudí están presidiendo una reunión del Grupo de Donantes para Palestina, centrada en las reformas de la Autoridad Palestina solicitadas por un plan de paz de Estados Unidos que obtuvo la aprobación en el Consejo de Seguridad de la ONU el lunes.
La Autoridad Palestina administra áreas semiautónomas en la Cisjordania ocupada por Israel y está haciendo un esfuerzo renovado para convertirse en un actor en la Gaza de posguerra.
La Unión Europea, el mayor apoyo financiero de la Autoridad Palestina, espera que la Autoridad pueda gobernar efectivamente Gaza después de profundas reformas. Pero Washington exige que la Autoridad realice reformas primero, e Israel rechaza cualquier papel para ella en Gaza.
La reunión no buscará compromisos financieros para la reconstrucción de Gaza. Se está planificando un próximo evento en Egipto para recaudar ese dinero.
Aunque hasta ahora no ha sido un actor central en las negociaciones sobre el futuro del territorio, la UE está siendo cada vez más vocal sobre asegurar un papel en la configuración de la Gaza de posguerra.
El bloque de 27 naciones planea entrenar a 3.000 policías palestinos para asegurar la Franja de Gaza. El ministro de Relaciones Exteriores de Francia, Jean-Noël Barrot, prometió 100 policías franceses para esa misión.
La UE espera reclutar de un grupo de aproximadamente 7.000 policías gazatíes que una vez fueron pagados por la Autoridad Palestina, dijo un alto funcionario encargado de comunicar para el servicio de política exterior de la UE, pero no autorizado para ser nombrado públicamente. La UE está discutiendo con “países vecinos” de Gaza para albergar el programa de entrenamiento.
El plan de Estados Unidos pide que el ejército israelí ceda lentamente territorio en Gaza a una mezcla de estos policías y una Fuerza Internacional de Estabilización.
La UE tiene una pequeña presencia de diplomáticos y militares en el centro de comando civil-militar dirigido por Estados Unidos en el sur de Israel que supervisa el plan de paz. Está buscando membresía en la aún por formarse Junta de Paz, a la cual el plan respaldado por la ONU otorga la autoridad última en Gaza, mientras que un “comité tecnocrático y apolítico de palestinos competentes” gestionará el servicio civil diario en el enclave costero.
La UE está presionando para que ese comité esté compuesto en gran medida por el gobierno de la Autoridad Palestina liderado por el presidente palestino Mahmud Abás. Abás, de 90 años, aún mantiene poder autoritario en pequeñas áreas de Cisjordania, pero está cada vez más marginado y debilitado por Israel, es profundamente impopular entre los palestinos y esta luchando por tener voz en Gaza.
Un punto clave del plan de paz estadounidense es una profunda reforma de la Autoridad Palestina.
“El dinero siempre está condicionado a reformas”, declaró la Comisionada Europea para el Mediterráneo, Dubravka Šuica. La UE presionará a la Autoridad Palestina para que elimine su llamado fondo de mártires y reforme sus libros de texto, entre otras reformas, dijo.
Barrot afirmó que la reunión del Grupo de Donantes para Palestina busca “reformar la Autoridad Palestina, fortalecerla para que la Autoridad Palestina esté a cargo cuando llegue el momento”.
La formación de la Junta de Paz y el comité aún no han obtenido el respaldo de la sociedad palestina.
Si se percibe como una herramienta para Estados Unidos o Israel, prominentes palestinos pueden mostrarse reacios a unirse. El grupo violento Hamás denunció la resolución de la ONU el lunes, diciendo que busca promover los intereses de Israel.
“Los palestinos tienen que ser quienes lideren y posean los procesos que están ocurriendo en Palestina”, expresó la jefa de política exterior de la UE, Kaja Kallas.
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Esta historia fue traducida del inglés por un editor de AP con ayuda de una herramienta de inteligencia artificial generativa.
Autobús cae de un puente en Camboya, dejando 13 muertos
NOM PEN, Camboya (AP) — Un autobús de pasajeros en Camboya se estrelló desde un puente hacia un río el jueves, matando al menos a 13 pasajeros y hiriendo a otras dos docenas, informó la policía.
El autobús viajaba desde Siem Reap, hogar del famoso complejo de templos de Angkor Wat del país, hacia la capital Nom Pen, cuando se estrelló en las horas previas al amanecer en la provincia central de Kampong Thom, informó por teléfono Siv Sovanna, subjefe de policía del área, a The Associated Press.
Todos los que estaban en el autobús eran ciudadanos camboyanos, afirmó.
Una investigación preliminar sugirió que el conductor estaba somnoliento después de su salida nocturna de Siem Reap, para lo que normalmente es un viaje de aproximadamente cinco horas y media, comentó Siv Sovanna. No dijo si el conductor estaba entre los fallecidos.
Se cree que había alrededor de 40 pasajeros en el autobús, y los rescatistas continuaron buscando el jueves a más víctimas.
Los cuerpos de los fallecidos se mantendrán en un hospital cerca del lugar del accidente hasta que puedan ser recogidos por sus familiares, señaló Siv Sovanna.
Los accidentes de tráfico en Camboya mataron a 1.509 personas en 2024, mientras que 1.062 personas murieron en los primeros nueve meses de 2025 en el país, según el Ministerio de Obras Públicas y Transporte.
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Esta historia fue traducida del inglés por un editor de AP con ayuda de una herramienta de inteligencia artificial generativa.
https://www.chicagotribune.com/2025/11/20/autobs-cae-de-un-puente-en-camboya-dejando-13-muertos/
Walmart Beats Earnings, Hikes Guidance As Consumer Trade-Down Accelerates
Walmart Beats Earnings, Hikes Guidance As Consumer Trade-Down Accelerates
Walmart shares are moving lower in premarket trading despite solid third-quarter results, suggesting that price-sensitive consumers are flocking to its stores nationwide. The shift toward value mirrors what off-brand retailer TJ Maxx reported on Wednesday. It caps a pivotal week for retailers (as described by Goldman’s Scott Feiler), with Home Depot and Target both highlighting sagging demand and stressed household budgets earlier in the week.
What’s key to understand is that consumers are continuing to trade down to Walmart in the third quarter. The retailer’s core U.S. stores saw same-store sales rise 4.5%, beating the Bloomberg Consensus estimate of 4.03%. Store visits were down during the quarter, but basket sizes grew.
Third-Quarter Results (All vs. BBG Estimates)
U.S. comp sales ex-gas: +4.4% (est. +4.0%).
Walmart U.S. stores: +4.5% (est. +4.03%).
Sam’s Club: +3.8% (miss vs. est. +4.77%).
Adjusted EPS: $0.62, beat (est. $0.60).
Revenue: $179.5B, +5.8% YoY (est. $177.57B).
Adjusted operating income: $7.2B (est. $7.03B).
Sam’s Club e-commerce: +22% (est. +15.7%).
More in-depth on Total Revenues via WMT Presentation
Full-year guidance was raised again. Management now expects 4.8% to 5.1% sales growth for the fiscal year, reflecting elevated confidence in traffic across Walmart stores, Walmart.com, and Sam’s Club.
Full-Year Guidance Raised
Adjusted EPS: Now $2.58–$2.63 (prior: $2.52–$2.62; consensus: $2.61).
Net sales (constant currency): Now +4.8% to +5.1% (prior: +3.75% to +4.75%).
Adjusted operating income (ex-FX): +4.8% to +5.5%.
Effective tax rate: Tracking toward mid-to-low end of 23.5%–24.5%.
Capex: ~3.5% of net sales (slightly higher than prior range).
More color on guidance via WMT Presentation
In recent weeks, Walmart and the White House have promoted the retailer’s Thanksgiving meal deal bundle, which serves up to 10 people and is being offered at 2019 prices. Trump’s repeated spotlighting of the deal only underscores the high demand Walmart is likely to see heading into the holiday season next week.
“The team delivered another strong quarter across the business,” Doug McMillon, Walmart’s chief executive, said in a statement. Last week, the retailer announced McMillon would retire at the end of January and be replaced by John Furner, head of Walmart’s U.S. business.
Walmart shares fell about 2% in premarket trading in New York. Shares are up 11% year to date.
Goldman’s Feiler breaks down the tactical bull/bear case:
Bears: The biggest pushback will remain valuation (34x P/E on next year’s numbers) and a debate if they can get that acceleration that Consensus is modeling for EPS next year (+13% vs +mid-singles this year).
Bulls: Just will keep this tucked away as it’s pulled back and they’re still the scaled share gainer in the space.
Bloomberg analyst Heather Burke provided color on WMT’s price action post earnings:
Walmart shares are falling about 2% in pre- market trading even though the retailer increased its sales outlook for the full year. The CFO said consumer spending has been largely consistent, though there’s “some slight moderation” within lower-income households. Middle- and higher-income shoppers aren’t pulling back.
There’s no obvious catalyst though investors may be getting concerned about the impact of tariffs after the CFO said that there are higher costs flowing through in coming months. Prices in this latest report rose 1%, suggesting the retailer has been absorbing some costs.
This week, Home Depot and Target set the trend for consumer earnings, reporting dismal results. Then, off-price retail chain TJ Maxx reported solid earnings, only suggesting consumers are trading down as low- and middle-income consumers are getting financially squeezed.
Goldman has flagged imploding sentiment, UBS has revealed the tale of two consumer worlds, and consumer behavior and spending trends show a pullback in discretionary spending, from restaurants to big-box retailers.
The strain has become large enough that the Trump administration rolled out “Operation Affordability” last week, an attempt to ease pressure ahead of the midterm election cycle.
Read Feiler’s note on retailer earnings expected later today and Friday.
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View WMT’s earnings presentation
Tyler Durden
Thu, 11/20/2025 – 07:40
Daywatch: Man sentenced for shooting of boy, nine years later
Good morning, Chicago.
Huddled around a pair of tables on the second-floor cafeteria of Chicago’s Dirksen U.S. Courthouse, mother Mellanie Washington and daughter Taniyah Tanner spoke about future plans. They prattled about diplomas to be earned, careers to build, healing to last. They laughed. They reminisced.
It was a moment more than nine years in the making.
In a hearing yesterday afternoon, a federal judge handed down the maximum sentence to a man who earlier this summer admitted to the 2016 shooting of Washington’s son and Taniyah’s twin brother, Tavon Tanner.
Read the full story from the Tribune’s Tess Kenny.
Here are the top stories you need to know to start your day, including: what’s next now that President Trump has signed a bill to release the Epstein files, how CPS culinary students are assisting in the Drake Hotel’s gingerbread tradition and what to do in Chicago this weekend.
Today’s eNewspaper edition | Subscribe to more newsletters | Asking Eric | Horoscopes | Puzzles & Games | Today in History
Marimar Martinez arrives for a hearing, Nov. 5, 2025, at Dirksen U.S. Courthouse in Chicago’s Loop. Martinez was shot by federal immigration agents during an altercation in the Brighton Park neighborhood in October. (Brian Cassella/Chicago Tribune)
More texts uncovered from Border Patrol agent who bragged about ‘shooting skills’ after wounding woman in Brighton Park
A immigration agent who bragged to colleagues about his marksmanship after shooting a Chicago woman accused of ramming his vehicle sent other text messages that are now in the hands of defense attorneys, marking yet another twist in a controversial case arising from Operation Midway Blitz.
Federal agents use tear gas and smoke on community members and activists while they protest near the 3900 block of South Kedzie Avenue on Oct. 4, 2025, in Chicago. (Armando L. Sanchez/Chicago Tribune)
Chicago appeals court halts order restricting use of force by immigration agents, calling it ‘overbroad’
A Chicago federal appeals court yesterday put the brakes on a lower court’s preliminary injunction restricting the use of force in Operation Midway Blitz, saying it is “overbroad” and improperly targets virtually the entire executive branch, including President Donald Trump.
Tom Pritzker hosts an evening of dinner and conversation with University of Chicago faculty leaders at the Park Hyatt Chicago on April 8, 2013. (Nuccio DiNuzzo/Chicago Tribune)
Tom Pritzker, cousin of Gov. JB Pritzker, named in latest release of Epstein documents
Tom Pritzker, cousin to Gov. JB Pritzker and a Hyatt Hotels magnate, is repeatedly named in documents released last week from the estate of financier and convicted sex offender Jeffrey Epstein.
The trove of more than 20,000 documents, made public by the House Oversight Committee, includes emails between Tom Pritzker and Epstein long after the late financier pled guilty to soliciting a minor in 2008.
What’s next now that President Trump has signed a bill to release the Epstein files
Ascension Alexian Brothers in Elk Grove Village on April 29, 2020. (Brian Cassella/Chicago Tribune)
State board approves closure of Ascension Alexian Brothers’ labor and delivery unit
Ascension Alexian Brothers will soon close its inpatient obstetrics unit after a state board voted Tuesday to allow the move, despite outcry from nurses and community members.
The state Health Facilities and Services Review Board voted 6-3, after a lengthy discussion, to approve the hospital’s application to close the unit.
North-Grand High School senior Andrea Rodriguez ices a gingerbread cookie as part of a Chicago’s Careers through Culinary Arts Program in the kitchen of the Drake Hotel on Nov. 18, 2025. (Eileen T. Meslar/Chicago Tribune)
CPS culinary students assist in century-old gingerbread tradition at the Drake Hotel
From the basement level of the Drake Hotel, the scent of gingerbread wafts through the air as pots and pans clank and the shoes of busy chefs shuffle across the kitchen floor. At the front of the space stands a 6-foot-tall tiered platform, each level adorned with uniquely decorated miniature gingerbread houses — a more than century-old tradition that Chicago Public School students helped bring to life this season.
Pope Leo XIV reacts wearing a Chicago White Sox baseball team cap as he meets newly wedded couples during the weekly general audience in St Peter’s Square at the Vatican on June 11, 2025. (Filippo Monteforte/AFP)
Column: After meeting Pope Leo XIV, Justin Ishbia eager to build relationship with Chicago White Sox’s No. 1 fan
Paul Sullivan writes that it’s going to be awhile before Justin Ishbia takes over the White Sox from Jerry Reinsdorf, but he’s already looking to a future with a new ballpark blessed by Pope Leo XIV and a team winning “many championships for decades to come.”
That was the message Ishbia relayed to the world’s most prominent Sox fan yesterday in Rome when Ishbia met with Pope Leo XIV at the Vatican. A photo of Ishbia gifting an autographed 2005 Sox jersey to the pontiff was posted on the Pope’s Instagram page.
Steelers quarterback Aaron Rodgers calls a play at the line of scrimmage against the Chargers on Nov. 9, 2025, at SoFi Stadium in Inglewood, Calif. (Harry How/Getty Images)
How has Aaron Rodgers’ game changed since the Chicago Bears last saw him? Here’s what the numbers say.
Does Aaron Rodgers still own the Bears? We’re about to find out.
Well, that’s if Rodgers plays Sunday when the Pittsburgh Steelers visit the Bears. He’s battling through a fractured left wrist and his status is up in the air. It certainly would make for good drama if he does return to Soldier Field for the first time since 2022.
Indiana quarterback Fernando Mendoza reacts after running back Roman Hemby scored a touchdown against Maryland, on Nov. 1, 2025, in College Park, Md. (AP Photo/Stephanie Scarbrough)
Who will win the Silver Football as the Big Ten’s top player? The answer may intertwine with the Heisman race.
College football is down to its final two regular-season weeks, followed by conference championship weekend. That means the playoffs and bowls are just around the corner — and so is awards season.
For 100 years, the Chicago Tribune Silver Football has been awarded to the Big Ten’s best player, based on a vote of the conference’s head coaches. The award is announced in early December, and this year the race for the Silver Football looks like it will intertwine with the race for the Heisman Trophy.
Fireworks burst as Chicago’s Christmas tree is lit during a ceremony in Millennium Park on Nov. 22, 2024, near Michigan Avenue and Washington Street. (Terrence Antonio James/Chicago Tribune)
What to do in Chicago: Paul McCartney, Magnificent Mile Lights Festival and more to open the holidays
Our picks for events in and around Chicago this weekend include the Magnificent Mile Lights Festival, Paul McCartney at the United Center and Christkindlmarket in Daley Plaza.
Rehearsal director Adam Blyde leads dancers Laila Madison, center, and Natali Taht at a rehearsal of Joffrey Ballet’s “The Nutcracker” snow scene on Nov. 12, 2025, at Joffrey Tower in Chicago’s Loop. (Dominic Di Palermo/Chicago Tribune)
Milestones and memories: Chicago ‘Nutcrackers’ celebrate big anniversaries
Joffrey Ballet artistic director Ashley Wheater has been doing “The Nutcracker” for six decades. He performed in the ballet for the first time at age 6, dancing in the children’s cast of Rudolph Nureyev’s production for the Royal Ballet.
“Yeah, I’ve done a lot of Nutcrackers,” he said. “I’ve always felt really good about ‘The Nutcracker.’ It is such a great introduction to the ballet world. For me, it’s always had magic.”
Layne Nordstrom seizes the reins for Lake Zurich. As point guard and quarterback. ‘I’ve always been a leader.’
Lake Zurich senior Layne Nordstrom is drawn to a certain kind of position in sports.
Already the starting point guard for the girls basketball team, the 5-foot-6 Nordstrom wanted to play quarterback for the new flag football team this past season.
“I knew I could play quarterback,” she said. “I’ve loved tossing around the football with my brother and cousin. I was so excited to go out there for that opportunity to lead the team.
“Quarterback felt natural to me. It was like being a point guard. I could see the entire field, make reads and anticipate who will be open and who will rush.”
That doesn’t surprise Lake Zurich girls basketball coach Chris Bennett.
“She plays quarterback for our basketball team,” Bennett said. “She loves to push the ball and make us play fast. We ask her to call plays on her own. She does a good job communicating with everyone else on the team.”
Lake Zurich’s Layne Nordstrom drives against Hampshire during a nonconference game in Lake Zurich on Monday, Nov. 17, 2025. (Brian O’Mahoney / News-Sun)
Indeed, Nordstrom is the driving force for the Bears (1-1), a deep team with experience across the board. Five of their top seven players are back after winning 24 games last season, including senior guard Leah Gilbertson, a Ferris State commit, and senior forward Alex Nowak-Tice, a Winona State commit.
“I feel like I’ve always been a leader ever since I was young,” Nordstrom said. “Being a point guard, it’s easy to control the game.”
Nordstrom, a third-year starter, does that well, according to Nowak-Tice.
“Layne is a great leader who lifts others up and helps them to be the best version of themselves,” Nowak-Tice said. “Her strong communication keeps things organized during games and makes sure everyone understands what we need to do. She’s able to handle pressure and control the pace of the game.”
Bennett said Nordstrom is even more effective after a successful flag football season. Nordstrom passed for 56 touchdowns, mostly to players from the girls basketball program, and was named all-conference and all-state.
“Once you have that swagger and you know you can compete, it can only help you,” Bennett said. “I think with the football experience and the fact she was, so to speak, the star of the team that she came into basketball with a whole lot of confidence. She plays faster and makes decisions faster now, like a quarterback.”
Nordstrom agreed that flag football benefited her.
“Football showed me that if I wanted to do something, I have to have the confidence and just go do it,” she said. “I had confident in my skills, and I worked hard.
“Football made me super confident. Going into the basketball season, I worked so hard on shooting. I have no reason not to be confident taking a shot or pass, especially carrying the confidence from football to basketball.”
Lake Zurich’s Layne Nordstrom, right, is guarded by Hampshire’s Jiselle Lopez during a nonconference game in Lake Zurich on Monday, Nov. 17, 2025. (Brian O’Mahoney / News-Sun)
Nordstrom, who is drawing interest from college basketball teams, hit all three of her 3-point shots and finished with 12 points in Lake Zurich’s season-opening 44-20 win against Hampshire on Monday.
“Her shooting percentage has gotten better,” Bennett said. “She used to be very comfortable in the 15-foot range. She worked on extending it more.
“She was coming into her own last year, and now she has taken another step.”
Can Nordstrom and the Bears take another step together?
“I think we can do well and win a lot of games,” she said.
Bobby Narang is a freelance reporter.
https://www.chicagotribune.com/2025/11/20/basketball-lake-zurich-layne-nordstrom/
How The Fed Deals Liquidity: The Monetary Toolbox
How The Fed Deals Liquidity: The Monetary Toolbox
Authored by Michael Lebowitz via RealInvestmentAdvice.com,
In our last article, QE Is Coming, we focused on why the capital and financial markets have become so dependent on the Fed for liquidity. The article explains that, in the aftermath of the crisis, a slew of regulations drastically changed the liquidity landscape. As a result, the Fed—not the private market—is now the primary provider of liquidity.
A reader asked us the following:
“Can you provide a list and description of the liquidity tools in the Fed’s toolbox?”
We like the idea. Given the importance of liquidity to financial market performance, it is crucial to understand not only who supplies liquidity but also how they do so.
Let’s walk through the Fed’s balance sheet and gain a better appreciation for its toolbox.
Total Reserve Balances
In our prior article, we noted that overnight liquidity providers have shifted from private markets to the Fed.
Many repo counterparties that provided liquidity in the pre-2008 era were not banks and thus did not hold bank reserves. Today, with many of those liquidity-providing counterparties unable or unwilling to provide liquidity, liquidity comes from the banks via the Fed. When a bank transacts with the Fed, the Fed either adds or withdraws reserves to the banking system. Thus, when assessing the level of outstanding liquidity, a glance at banking system reserves provides a good gauge. Think of reserves as a footprint of Fed actions.
The graph below shows that bank reserves are approaching five-year lows. As a result, and unsurprisingly, the Fed has ended QT, which reduces reserves, and has begun hinting at QE.
Given that liquidity in the financial system is now reserves-based, let’s look at the Fed’s tools for adding and reducing reserves.
QE/QT
Quantitative Easing (QE) and Quantitative Tightening (QT) are the most well-known of the Fed’s tools.
QE is when the Fed purchases Treasury and/or Mortgage-Backed Securities from the banking system. The Fed pays the banks for the securities with reserves. Thus, QE removes securities from the market and increases banks’ reserves. QT is the opposite, as it effectively puts securities back into circulation, thereby removing reserves from the banking system. As the chart shows, QE and QT are correlated with bank reserves, but there are clearly other factors — some under the Fed’s control and others beyond the Fed’s reach — that also affect reserves, as we will discuss.
QE and QT are blunt liquidity tools, as they regularly inject or withdraw reserves on a fixed schedule, regardless of the system’s daily liquidity requirements.
Other Reserve Management Tools
To help the Fed fine-tune the financial system’s daily liquidity demands, it offers several facilities to the capital markets. The rates on these programs are based on the Fed’s target Fed Funds rate. While activity in the Fed Funds market pales in comparison to what it was before the financial crisis, the Fed Funds rate remains the policy rate at which the Fed targets overnight financing.
As the graph below shows, the Fed is incredibly effective at controlling the rate.
The Toolbox
The Fed has five primary tools for targeting the Fed Funds rate.
Interest On Reserve Balances (IORB): The Fed pays interest on banks’ reserves held at the Fed. Raising the rate increases the incentive to hold reserves and vice versa. Therefore, IORB can effectively manage reserves and, in turn, liquidity.
Open Market Operations: Before 2008, open market operations were the primary tool the Fed used to manage the Fed Funds rate. It entails the Fed buying and selling government securities to withdraw or add liquidity to the money markets. Buying increases reserves and adds liquidity, while selling does the opposite. They are like QE or QT, except they occur on an as-needed basis. These operations are now infrequent.
Overnight Reverse Repurchase Facility (ON RRP): Through this program, the Fed borrows money from a counterparty via repo. The program keeps a floor on overnight interest rates. This facility absorbed excess liquidity from the massive Pandemic stimulus. Its daily volume is now minimal.
Standing Repo Facility (SRF): This facility provides overnight liquidity by lending cash against collateral. Just as the ON RRP is a floor, the SRF is a ceiling. Assuming counterparties are willing to borrow from the Fed, the Fed Funds rate should be capped at the SRF rate.
The Discount Rate: A relic of the pre-financial crisis era. Like the SRF, it serves as a backstop. The discount rate is above the Fed Funds rate; thus, there is little incentive to use it, other than in times of a severe liquidity shortfall.
The Fed’s tools create a corridor, or floors and ceilings for overnight rates, allowing the Fed to control overnight borrowing rates. The table below shows what the corridor looks like assuming today’s Fed Funds target range of 3.75% to 4.00%.
Regulatory Factors Affecting Liquidity
As we discussed extensively in QE Is Coming, a spate of conservative regulations has significantly changed who provides liquidity to the capital markets. There is a lot of talk that these risk-averse regulatory measures could be reversed shortly.
When Chair Powell’s term ends next year, we are likely to see some deregulation in the banking industry, which should improve the private sector’s ability to provide liquidity. Per the Washington Post:
One of the most consequential shifts may come in a highly technical debate over how much debt banks can use to fund their investments and the size of financial buffers that big banks hold to absorb losses. The Federal Reserve and other regulators are planning to ease requirements in ways that could have the effect of increasing the overall amount of debt and lowering the protective cushions in the system. While it remains unclear exactly where officials will land, it’ll be far from the Biden-era effort to essentially do the opposite.
Over the long run, the risks of deregulating the banking industry should be concerning, as history has proven that such actions can be unwise. However, investors should also focus on the short-term benefits. Specifically, reductions in capital requirements, especially for the largest banks (GSIBs —Globally Systemically Important Banks), would free up capital, allowing them to make more loans and/or buy more securities. Such would result generally in more system-wide liquidity. Additionally, the largest banks should post higher profits and be more incentivized to hold US Treasuries, thereby lowering yields.
The Public Sectors’ Impact On Liquidity
The Fed has significant power to manage liquidity, but the free market still dictates its distribution and use. Consider a few ways in which the public sector dictates liquidity.
Bank Deposits: When a customer deposits money at a bank, they are essentially providing the bank with liquidity. The one deposit allows the bank, through the fractional reserve banking system, to make several loans, which, in aggregate, can be up to 10x the original deposit. Withdrawals have the opposite effect on liquidity.
Loan Demand: Strong loan demand uses reserves, thus reducing liquidity. Conversely, when the private sector is not demanding loans, reserves tend to be stable.
Bank Lending Policies: Tight lending policies reduce liquidity from the markets, while easy policies increase liquidity. Lending policies are often a function of system reserves and economic conditions.
Economic Conditions: Economic conditions tend to play a large role in the demand and supply of liquidity.
Federal Deficits: Federal deficits require debt issuance, which drains liquidity from the system. The larger the deficit, the more liquidity it demands, which crowds out the private sector.
Treasury General Account (TGA): The TGA is essentially the government’s checking account, maintained at the Federal Reserve Bank of New York. It includes tax receipts, proceeds from Treasury auctions, and payments distribution. When the government builds its TGA balances, it drains liquidity from the market. Conversely, when it is declining, liquidity is entering the market. While an essential part of the liquidity equation and involving the Fed, the Fed staff has no control over the balances.
Tracking Liquidity At The Fed
Every week, the Fed releases its balance sheet and the changes to it from the prior week. The report is linked HERE.
In addition, all the programs discussed in this article can be charted on the St. Louis Fed’s FRED website.
Graphing Today’s Liquidity Stress
We now share two graphs to help appreciate the liquidity stress that is slowly brewing in the capital markets. For reference, SOFR, or the secured overnight financing rate, is the overnight borrowing rate for non-bank financial institutions. US Treasury securities collateralize SOFR financing; thus, for all intents and purposes, it is risk-free.
SOFR vs IORB
SOFR is the overnight repo rate among non-bank financial institutions. The rate is typically above the ON RRP rate at which institutions can lend to the Fed and below the IORB rate. In ideal liquidity conditions, a bank should decide to lend via the collateralized SOFR markets when the SOFR rate exceeds the IORB rate. When SFOR is above IORB and they don’t, it signals there is a liquidity shortfall or some other reason why banks are unwilling to increase profits without taking on risks. As shown below, SOFR has been steadily trading above IORB since October.
Standing Repo Facility Usage
The graph below, courtesy of Bianco Research, shows that the Standing Repo Facility has been used somewhat frequently over the last two months. As we wrote, this is a ceiling of sorts and should be used only when the SOFR market is not functioning properly.
Summary
Regardless of how much or little you understand of the Fed’s toolbox, the critical concept from this article and QE Is Coming is that the Fed has much more control over liquidity than it did before 2008. Consequently, given that liquidity is a primary driver of markets, the Fed’s monetary and regulatory actions should be of utmost importance to investors and closely followed.
Tyler Durden
Thu, 11/20/2025 – 07:20
https://www.zerohedge.com/markets/how-fed-deals-liquidity-monetary-toolbox
Jeremiyah Love is making his Heisman Trophy case for No. 9 Notre Dame — but can a running back win it?
SOUTH BEND, Ind. — Notre Dame running back Jeremiyah Love appreciates hearing his name in the Heisman Trophy conversation.
He’s just focused on bigger goals such as helping the ninth-ranked Irish stay in position for a second straight College Football Playoff berth and winning the school’s first national championship since 1988.
“I try to keep everything just straight as possible,” he said. “I definitely see stuff, and it’s good to see. That’s also a tribute — the buzz — to us doing good as a program in general, because at the end of the day, this is a team sport, and the performances are not really just because of me. It’s because the whole team is playing complementary football. So it’s great to see, but we have to finish the rest of the season.”
Love certainly has done his part to help Notre Dame (8-2) rebound from two straight losses to start the season by winning eight straight to put the Irish back in the postseason debate.
He ranks third in the FBS with 113.5 rushing yards per game, 17 total touchdowns and 1,409 scrimmage yards — the only player to appear in the top three of each category. He’s also the first player in Notre Dame’s storied history to produce multiple TD runs of 90 or more yards: a 98-yarder against Indiana in the first round of last year’s CFP and a 94-yarder against Boston College earlier this season.
But Love’s impact goes far beyond numbers.
He has padded his Heisman resume with a series of highlights displaying an uncanny ability to maintain his balance while hurdling defenders, spinning out of tackles or rolling off opponents. He also has teamed up with Jadarian Price to create one of this season’s top running back duos, a combination that has helped first-year starter CJ Carr emerge as one of the nation’s best young quarterbacks.
Coach Marcus Freeman thinks Love has improved as both a receiver and pass blocker, making him a more complete running back.
“He’s as special of a football player as I’ve been around,” Freeman said. “Every time he has the ball in his hands, he can make something positive happen. He is as dangerous of an offensive weapon that I’ve probably been around.”
The question is how special do the Heisman voters think Love is?
In a sport increasingly dominated by high scores and aerial attacks, Indiana quarterback Fernando Mendoza and Ohio State quarterback Julian Sayin remain the betting favorites ahead of the Dec. 13 trophy presentation in New York.
The last two running backs to win the Heisman both played at Alabama: Derrick Henry in 2015 and Mark Ingram II in 2009. The last one before that was Reggie Bush of USC in 2005.
The most recent of Notre Dame’s seven Heisman winners was wide receiver Tim Brown in 1987, and only one Irish running back has captured college football’s most prestigious award — Johnny Lattner in 1953.
“I’m the type of guy that wants to break off a touchdown run every single play,” Love said. “So if I’m to consistently get 1-, 2- to 3-yard gains, it’s just not what I want. But I have made myself OK with getting the hard yards and waiting for that one opportunity to hurt the defense by breaking off a long run.”
It’s also unclear how much longer he’ll be doing that for the Irish, considering he’s widely regarded as a top-five talent in the upcoming NFL draft.
Love has some unfinished business to take care of first. Wins over struggling Syracuse (3-7) on Saturday and at Stanford to finish the season may be enough to earn one of the coveted 12 playoff spots and give Notre Dame an opportunity to play its way back to the national championship game — and this time win it — regardless of what happens in New York.
“I think Jeremiyah Love would be the first to tell you that winning a game is way more important than that individual award,” Freeman said. “He’s going to do everything in his power to make sure we prepare to win a game, and if the Heisman Trophy comes with it, then great. That’s amazing.”
https://www.chicagotribune.com/2025/11/20/notre-dame-jeremiyah-love-heisman-trophy/
Who will win the Silver Football as the Big Ten’s top player? The answer may intertwine with the Heisman race.
College football is down to its final two regular-season weeks, followed by conference championship weekend. That means the playoffs and bowls are just around the corner — and so is awards season.
For 100 years, the Chicago Tribune Silver Football has been awarded to the Big Ten’s best player, based on a vote of the conference’s head coaches. The award is announced in early December, and this year the race for the Silver Football looks like it will intertwine with the race for the Heisman Trophy.
Here’s a look at some of the players under consideration for the conference’s top football honor.
The favorites
Fernando Mendoza, Indiana QB
Mendoza has a compelling backstory. After 19 starts over three seasons at Cal, he transferred to suddenly relevant Indiana to join his younger brother Alberto in the quarterbacks room. His pairing with coach Curt Cignetti has vaulted him to become one of the best players in the country for an 11-0 team that’s No. 2 in the College Football Playoff rankings — success that was unthinkable for the Hoosiers for decades before Cignetti’s arrival last season.
Mendoza has the stats too. He leads the nation with 30 touchdown passes while throwing just five interceptions. He’s second in the Big Ten with a 73% completion percentage, fourth with 2,641 passing yards and tied for first with 9.5 yards per completion.
An Indiana player hasn’t won the Silver Football since Antwaan Randle El in 2001 — or ever won the Heisman — but Mendoza has steadily built his case for both, including engineering the winning drive against Penn State and then completing 22 of 24 passes for 299 yards and four touchdowns against Wisconsin in the last two weeks.
Julian Sayin, Ohio State QB
Ohio State quarterback Julian Sayin plays against Penn State on Nov. 1, 2025, in Columbus, Ohio. (AP Photo/Jay LaPrete)
Barring a big surprise over the final two regular-season weekends, Mendoza has one major competitor for the Silver Football: fellow Heisman candidate Sayin.
No. 1 Ohio State’s follow-up season to its 2024 national championship has felt matter-of-fact and drama-free, and Sayin’s performance in his first season as a starter is a big reason.
Sayin, who sat behind starter Will Howard last season, leads the nation with an 80.1% completion rate on 226-for-282 passing and 186.24 passing efficiency. He has thrown for 2,675 yards and 25 touchdowns with four interceptions.
Sayin is looking to become the 24th Ohio State player to win the Silver Football, and he has a big game coming up to cement his case: a Nov. 29 clash with No. 18 Michigan in Ann Arbor.
Also in consideration
Jeremiah Smith, Ohio State WR
Ohio State wide receiver Jeremiah Smith warms up before a game against UCLA on Nov. 15, 2025, in Columbus, Ohio. (Jason Mowry/Getty Images)
One contributor to Sayin’s incredibly efficient numbers this season? One of the best receivers in the country.
In his second season with the Buckeyes, Smith continues to be a highlight reel, making ridiculous one-handed catches on more than one occasion. He was an All-American and the Big Ten’s receiver of the year as a freshman, and he has followed that up by totaling 69 catches for 902 yards and a conference-leading 10 touchdowns in 10 games.
He was limited against UCLA last week with an unspecified injury, so his status will be worth watching in the weeks ahead.
Jayden Maiava, USC QB
USC quarterback Jayden Maiava gestures to teammates during the first half against Iowa on Nov. 15, 2025, in Los Angeles. (AP Photo/Mark J. Terrill)
Maiava has been at the helm of one of the nation’s top offenses. He leads the Big Ten and is ninth in the country with 2,868 passing yards and also has 18 touchdown passes. He also leads the country in ESPN’s QBR metric at 90.7.
USC is in the middle of a tough seven-game stretch that included victories over Michigan, Nebraska, Northwestern and Iowa and losses to No. 9 Notre Dame and No. 21 Illinois. Maiava threw all six of his interceptions in that span but also had nine touchdown passes.
He and the No. 15 Trojans face another big test Saturday at Oregon, led by our next candidate.
Dante Moore, Oregon QB
Oregon quarterback Dante Moore passes against Penn State on Sept. 27, 2025, in State College, Pa. (AP Photo/Barry Reeger)
Moore was an early Heisman candidate, but that fell off after quiet performances against Wisconsin — when he exited after getting hit in the face in the second half — and against Iowa in the rain. He had just 198 yards and no touchdown passes in those two games, though both were wins, including a last-minute comeback against the Hawkeyes.
He then had his biggest game of the season last week against Minnesota, completing 27 of 30 passes (90%) for 306 yards and two touchdowns. He’s third in the Big Ten with a 72.8% completion percentage and tied for third with Illinois’ Luke Altmyer with 21 touchdown passes against five interceptions.
Leading the No. 7 Ducks boosts his profile, and Oregon has a couple of tough games — against USC and at Washington — for Moore to keep building his case.
Others worth noting
In alphabetical order
Luke Altmyer, Illinois QB
Altmyer’s stats are on par with Moore’s for the No. 21 Illini. He has thrown for 2,427 yards and 21 touchdowns with five interceptions.
Hank Beatty, Illinois WR/PR
Beatty earned Sporting News midseason All-America honors as an all-around player. He not only is fourth in the Big Ten with 758 receiving yards, but also has 185 punt-return yards. He has a passing, receiving, rushing and punt-return touchdown this season.
Omar Cooper Jr., Indiana WR
Indiana wide receiver Omar Cooper Jr. catches a touchdown pass over Penn State safety Zakee Wheatley on Nov. 8, 2025, in State College, Pa. (Barry Reeger/AP)
Cooper has 55 catches for 740 yards and is tied for the conference lead with 10 receiving touchdowns. His winning touchdown catch against Penn State was a highlight not to be missed.
Caleb Downs, Ohio State S
One of the best players on the nation’s best defense, Downs has 46 tackles, including four for a loss, and two interceptions. He’s a projected top-10 NFL draft pick.
Justice Haynes, Michigan RB
Haynes led the Big Ten with 122.4 rushing yards per game and totaled 10 touchdowns. The problem is he played in only seven games before suffering a foot injury that required surgery. Worth noting: Michigan’s Jordan Marshall has stepped up with some big games with Haynes out and has 871 rushing yards and 10 touchdowns.
Emmett Johnson, Nebraska RB
Nebraska running back Emmett Johnson carries the ball against Northwestern on Oct. 25, 2025, in Lincoln, Neb. (AP Photo/Bonnie Ryan)
Johnson is the conference rushing leader with 203 carries for 1,131 yards and 11 touchdowns. He has 1,431 all-purpose yards, which ranks third in the nation at 143.1 per game.
Makai Lemon, USC WR
The only Big Ten receiver to top 1,000 yards so far this season, Lemon is averaging 109 receiving yards per game and has eight receiving touchdowns for the No. 15 Trojans. Some might consider Lemon as good of a candidate as his teammate Maiava.
Antwan Raymond, Rutgers RB
Raymond has 1,000 rushing yards and 11 touchdowns. He rushed for a whopping 240 yards Nov. 8 against Maryland.
Arvell Reese, Ohio State LB
Ohio State linebacker Arvell Reese, left, celebrates his sack against Penn State with defensive lineman Kenyatta Jackson on Saturday, Nov. 1, 2025, in Columbus, Ohio. (AP Photo/Jay LaPrete)
The Athletic recently ranked Reese as the top player in this year’s draft class. He has 58 tackles, 10 tackles for a loss, 6½ sacks and two passes defended this season.
Carnell Tate, Ohio State WR
Tate, a Chicago native who’s the other half of the Buckeyes’ formidable receiving duo, has 39 catches for 711 yards — a Big Ten-leading 18.2 yards per catch — and seven touchdowns.
https://www.chicagotribune.com/2025/11/20/big-ten-silver-football-candidates/
Meet the 2025 Chicago Bulls Ring of Honor class, which will be inducted Saturday
The Chicago Bulls will enshrine a new era of legendary figures in franchise history with the second class of the Ring of Honor.
This year’s lineup includes coaches, players and broadcasters. The 2025 class will be inducted into the Ring of Honor during halftime of Saturday’s game against the Washington Wizards.
Get to know the six inductees to the Ring of Honor:
Johnny Bach
Chicago Bulls GM John Paxson chats with assistant coach Johnny Bach on July 15, 2003. (Jim Prisching/Chicago Tribune)
A dynasty requires many architects to take form. For the Bulls, Johnny Bach was a crucial cornerstone of that development.
Bach coached at Fordham, Penn State and Golden State before joining the Bulls as an assistant coach in 1986. In that role, Bach developed what became known as the “Doberman” defense, an aggressive style of play that leaned heavily on the disruptive skills of Michael Jordan, Scottie Pippen and Horace Grant.
Bach was known for his compassionate and fastidious approach to coaching. He ultimately won three championships with the Bulls before his departure from Chicago in 1994. Bach went on to coach in Detroit and Washington — reunited with Michael Jordan — before returning to Chicago in 2003 until his retirement in 2006.
Bach lived a colorful life outside of coaching — serving as a naval deck officer in World War II, playing for both the New York Yankees and the Boston Celtics. He took up painting in his retirement years, displaying his works in watercolor at a local gallery in Skokie. Bach died in 2016 at the age of 91.
Bill Cartwright
Bill Cartwright, a former Chicago Bulls player or assistant coach for five of the six Bulls NBA championship teams of the 1990s, was named coach of the team on Friday, Dec. 28, 2001, at the team’s practice center in Deerfield. (AP Photo/Stephen J. Carrera)
As a player and then a coach, Bill Cartwright carved out a 15-year career with the Bulls that spanned five championship seasons.
The Bulls acquired Cartwright in 1988 as the centerpiece of a blockbuster trade to send Charles Oakley to the New York Knicks. At that point in his career, Cartwright was a seasoned center who had already been named an All-Star once with the Knicks. His presence — both as a veteran leader and as a dominant big man down low — was crucial for the Bulls to elevate past the Detroit Pistons and secure their first trio of championship titles from 1991-93.
Cartwright remained with the Bulls through 1994, then played the final season of his career with the Seattle Supersonics. He returned to Chicago a year after he retired from playing to join Phil Jackson’s coaching staff, winning two more championships with the team in the ensuing seasons. Cartwright remained with the Bulls as an assistant after Jackson’s departure in 1998, then earned a promotion to head coach in 2001.
Although his tenure as head coach was short-lived — ending 14 games into the 2003-04 season — Cartwright’s extensive time as an assistant coach reflected his commitment to the Bulls.
Neil Funk
Former play-by-play announcer Neil Funk poses for pictures during the Chicago Bulls inaugural Ring of Honor gala red carpet event at the United Center on Thursday, Jan. 11, 2024, in Chicago. (John J. Kim/Chicago Tribune)
For 29 years, the voice of Neil Funk was the soundtrack of Bulls basketball.
After serving as a broadcaster for the Philadelphia 76ers and Kansas City Kings, Funk was already an Emmy award-winner by the time he arrived in Chicago in 1991 — serendipitously joining the Bulls as a radio announcer as the team was about to embark on a six-year stretch of dynastic winning. After 17 years on the radio, Funk took over as a TV play-by-play announcer in 2008.
Funk’s signature exclamations — “Ka-boom!” — became a constant as the Bulls won their final five titles over the next six years. As a broadcaster, he won over Chicago with his unique ability to paint a scene out of play-by-play calling, harkening to the signature style of radio broadcasters.
After 29 years, Funk announced his intention to retire after the 2019-20 season. After his final broadcasts were canceled due to the COVID-19 pandemic, Funk called one final game in January 2025 alongside former partner Stacey King to celebrate the retirement of Derrick Rose.
Horace Grant
An anchor on the defensive end, Horace Grant was one of the final pieces integral to the Bulls establishing themselves as true championship contenders.
The Bulls drafted Grant in 1987 and immediately profited from the decision — the power forward elevated into elite status, earning a starting role in his second season as he stepped in following Oakley’s departure via trade.
Donning oversized goggles, Grant was equally intimidating and welcoming as a Bull, known for his fierce competitiveness on the court and his bubbly nature off it. He earned four consecutive All-Defensive designations from 1993 to 1996, a reflection of his savvy as the third pillar of the Bulls defense alongside Jordan and Pippen. Grant averaged 12.6 points and 8.6 rebounds per game in seven seasons with the Bulls.
After parting with the Bulls in free agency, Grant played another decade in the league with the Los Angeles Lakers and Orlando Magic. But Chicago always remained home for Grant, who became a consultant for Bulls chairman Michael Reinsdorf in his retirement.
John Paxson
Few people can match the longevity of John Paxson in Chicago. Paxson never left after joining the team as a free agent in 1985, holding a series of roles over the following four decades — player, assistant coach, broadcaster, executive and advisor.
Paxson served as a glue player in the early years of the Jordan era, embracing coach Phil Jackson’s vision of the point guard position to help helm the team to its first three NBA trophies. After retiring from his playing career in 1994, Paxson spent one year as an assistant coach under Jackson before turning to radio, where he called games alongside Funk for the next seven years.
In 2003, Paxson was selected as the successor to general manager Jerry Krause, who had crafted six championship rosters for the Bulls. Paxson held that position until 2009, when he was promoted to vice president of basketball operations. His executive years were highlighted by the drafting of Derrick Rose in 2008, which led the Bulls as far as the Eastern Conference finals in 2011. Paxson transitioned to a senior advisor position in 2020, a position he still holds.
Norm Van Lier
Norm Van Lier of the Chicago Bulls tries to get past Bob Lanier of Detroit Pistons on Jan. 28, 1973. (Ed Feeney/Chicago Tribune)On the court and on the air, Norm Van Lier became a staple in Chicago over seven seasons as a player and nearly two decades as a broadcaster. Originally drafted and traded by the Bulls in 1969, Van Lier returned to Chicago in 1971 to pair up with Jerry Sloan under famed coach Dick Motta.
A defensive engine who earned the nickname “Stormin’ Norman,” Van Lier earned three All-Star and seven All-Defense selections in his tenure with the Bulls, in addition to leading the NBA in assists in 1971.
After playing his final season in the NBA with the Milwaukee Bucks, Van Lier became a radio color commentator covering the Bulls in 1980. In 1992, Van Lier took over as a TV analyst covering Bulls games for SportsChannel, then maintained his role for Fox Sports Chicago and Comcast. He received an Emmy for his commentary during the 72-win season in 1996.
Van Lier died in 2009 on the same day as former Bulls head coach Johnny Kerr, marking a tremendous pair of losses for the franchise.
https://www.chicagotribune.com/2025/11/20/chicago-bulls-ring-of-honor-class/
Elgin Courier News-Digest: South Elgin tree lighting, yoga at Borden Public Library, Elgin Chamber of Commerce Thanksgiving luncheon, Dundee Lions Club tree sale
South Elgin hosting ‘An Almost Winter Day’ and tree lighting Saturday, Nov. 22
South Elgin will host “An Almost Winter Day” festival from 2 to 5 p.m. Saturday, Nov. 22, in Seba Park, 151 S. Water St., followed by a holiday tree lighting ceremony at 5 p.m. in Panton Mill Park, 9 N. Water Street, South Elgin.
Attendees can make s’mores, decorate cookies, enjoy craft projects, get a balloon animal, drop off letters to Santa, and get a reply from the North Pole, according to a social media post for the free event. The afternoon will also feature an ice sculptor, bonfire, a tree decorating contest, snowball slingshot fun, and a collection drive for the South Elgin Food Pantry. Concessions will be on sale, too.
Santa will arrive at 2 p.m. and stay until 4:45 p.m. for pictures guests can take for themselves. At 5 p.m., the event shifts to Panton Mill Park for the village tree lighting.
For more information, go to www.southelgin.com/residents/special_events/an_almost_winter_day.php.
Free YogaRayne session at Gail Borden Public Library
The Gail Borden Public Library will host “YogaRayne: Stretch & Reset” from 10 to 11 a.m. Saturday, Nov. 22 in the Meadows Community Rooms at the main branch, 270 N. Grove Avenue, Elgin.
The free trauma-informed yoga and mindfulness program is designed for teens and adults managing stress, anxiety and emotional overload, according to the library’s website. Through gentle movement, breathwork, mindfulness, and soothing music, participants will be guided to release tension, restore balance and reconnect with their inner selves. The program is inclusive, beginner-friendly, and culturally aware.
To register to attend, go to attend.gailborden.info/event/14285524.
Presentation about National Parks at Gail Borden’s South Elgin library Sunday, Nov. 23
Travel writer Theresa Goodrich will present a virtual tour of five National Parks during a free presentation from 2 to 3 p.m. Sunday, Nov. 23, in the Hoffer Meeting Room at the South Elgin branch of the Gail Borden Public Library, 127 S. McLean Boulevard, South Elgin.
Goodrich will discuss the history of the National Park system before talking about Badlands National Park, Glacier National Park, Joshua Tree National Park, Yellowstone National Park, and Zion National Park, according to the library’s website.
To register to attend the free program, go to attend.gailborden.info/event/14457351.
Dundee Lions Club Christmas tree sale starts Sunday, Nov. 23
The Dundee Lions Club will launch its annual Christmas tree sale from 10 a.m. to 6 p.m. Sunday, Nov. 23, on the tennis courts at Grafelman Park, 112 N. Fifth Street, West Dundee.
More than 300 trees, along with wreaths and garland, will be available to purchase, according to a post on the club’s Facebook page. Proceeds from the sale will be given to various local charities.
The courts will next be open for the sale from 10 a.m. to 6 p.m. Friday, Nov. 28, Saturday, Nov. 29, and Sunday, Nov. 30. The following two weeks, the courts will be open from 6 to 8 p.m. Thursdays and Fridays and from 10 a.m. to 6 p.m. Saturdays and Sundays, while supplies last.
For prices and other information, email dundeetownshiplions@gmail.com.
Elgin Area Chamber of Commerce Thanksgiving luncheon Tuesday, Nov. 25
The Elgin Area Chamber of Commerce will be hosting its 44th annual Thanksgiving luncheon from 11:30 a.m. to 1 p.m. Tuesday, Nov. 25 in the Building E banquet room at Elgin Community College, 1700 Spartan Drive, Elgin.
According to a news release, during the program, the Chamber will honor the following people for their volunteer work with local nonprofits: Kathy Festen, Habitat for Humanity; Nancy Flory, Ecker Center; Mark Gibb, Marklund; Kim Goehring, Anderson Humane; Lova Jackson, Community Crisis Center; Ken Karszewski, Hands of Hope; Mary Kemmerlin, Elgin History Museum; Greg Korbecki, Food For Greater Elgin; Michael Novelli, Side Street Studio Arts; Pat Sekowski, Elgin Symphony Orchestra.
“This holiday luncheon is a wonderful reminder of what makes Elgin and South Elgin so special – the people, the partnerships, and the shared purpose of building thriving communities,” Carol Gieske, President & CEO of the Elgin Area Chamber of Commerce, said in the release.
Cost for the luncheon is $30 per person or $225 for a table of eight. To make reservations, call 847-741-5660 or go to ElginChamber.com. For more information, email info@elginchamber.com.
https://www.chicagotribune.com/2025/11/20/elgin-courier-news-digest-november-23/
