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Tony Rezko
Antoin Rezko (born 1955) is an American businessman and convict. He was a fundraiser for Illinois Democratic and Republican politicians. After becoming a major contributor to Rod Blagojevich's successful election for governor, Rezko assisted Blagojevich in setting up the state's first Democratic administration in twenty years and as a result he was able to have business associates appointed onto several state boards. Rezko and several others were indicted on federal charges in October 2006 for using their connections on the state boards to demand kickbacks from businesses that wished to engage in dealings with the state. While the others pleaded guilty, Rezko pleaded not guilty and was tried. He was found guilty of 16 of the 24 charges filed against him and on November 23, 2011, he was sentenced to 10.5 years in prison. Early life and education Tony Rezko was born in 1955 in Aleppo, Syria, to a prominent Syriac Catholic family. After graduating from college there, Rezko moved to ...
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Democratic Party (United States)
The Democratic Party is one of the two major contemporary political parties in the United States. Founded in 1828, it was predominantly built by Martin Van Buren, who assembled a wide cadre of politicians in every state behind war hero Andrew Jackson, making it the world's oldest active political party.M. Philip Lucas, "Martin Van Buren as Party Leader and at Andrew Jackson's Right Hand." in ''A Companion to the Antebellum Presidents 1837–1861'' (2014): 107–129."The Democratic Party, founded in 1828, is the world's oldest political party" states Its main political rival has been the Republican Party since the 1850s. The party is a big tent, and though it is often described as liberal, it is less ideologically uniform than the Republican Party (with major individuals within it frequently holding widely different political views) due to the broader list of unique voting blocs that compose it. The historical predecessor of the Democratic Party is considered to be th ...
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Harold Washington
Harold Lee Washington (April 15, 1922 – November 25, 1987) was an American lawyer and politician who was the 51st Mayor of Chicago. Washington became the first African American to be elected as the city's mayor in April 1983. He served as mayor from April 29, 1983 until his death on November 25, 1987. Born in Chicago and raised in the Bronzeville neighborhood, Washington became involved in local 3rd Ward politics under Chicago Alderman and future Congressman Ralph Metcalfe after graduating from Roosevelt University and Northwestern University School of Law. Washington was a member of the U.S. House of Representatives from 1981 to 1983, representing Illinois's first district. Washington had previously served in the Illinois State Senate and the Illinois House of Representatives from 1965 until 1976. Biography Ancestry The earliest known ancestor of Harold Lee Washington, Isam/Isham Washington, was born a slave in 1832 in North Carolina. In 1864 he enlisted in the 8th United ...
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Bundling (fundraising)
The financing of electoral campaigns in the United States happens at the federal, state, and local levels by contributions from individuals, corporations, political action committees, and sometimes the government. Campaign spending has risen steadily at least since 1990 (for example the average campaign spending for a candidate who won an election to the House of Representatives in 1990 spent $407,600, while the average winner thirty years later spent $2.35 million (approximately $1 million adjusted for inflation); in the Senate, average spending for winning candidates went from $3.87 to $27.16 million (about $13.71 million adjusted for inflation)). In 2020, nearly $14 billion was spent on federal election campaigns in the United States -- "making it the most expensive campaign in U.S. history", "more than double" what was spent in the 2016 election. Critics complain that following a number of Supreme Court decisions -- ''Citizens United v. FEC (2010)'' in particular—the ...
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Las Vegas, Nevada
Las Vegas (; Spanish for "The Meadows"), often known simply as Vegas, is the 25th-most populous city in the United States, the most populous city in the state of Nevada, and the county seat of Clark County. The city anchors the Las Vegas Valley metropolitan area and is the largest city within the greater Mojave Desert. Las Vegas is an internationally renowned major resort city, known primarily for its gambling, shopping, fine dining, entertainment, and nightlife. The Las Vegas Valley as a whole serves as the leading financial, commercial, and cultural center for Nevada. The city bills itself as The Entertainment Capital of the World, and is famous for its luxurious and extremely large casino-hotels together with their associated activities. It is a top three destination in the United States for business conventions and a global leader in the hospitality industry, claiming more AAA Five Diamond hotels than any other city in the world. Today, Las Vegas annually ranks a ...
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Patrick Fitzgerald
Patrick J. Fitzgerald (born December 22, 1960) is an American lawyer and partner at the law firm of Skadden, Arps, Slate, Meagher & Flom since October 2012. For more than a decade, until June 30, 2012, Fitzgerald was the United States Attorney for the Northern District of Illinois. Prior to his appointment, he served as Assistant U.S. Attorney in the Southern District of New York from 1988 to 2001, and as Chief of the Organized Crime-Terrorism Unit since December 1995, where he participated in the prosecutions of Osama Bin Laden, Abdel Rahman, and Ramzi Yousef. As special counsel for the U.S. Department of Justice Office of Special Counsel, Fitzgerald was the federal prosecutor in charge of the investigation of the Valerie Plame Affair, which led to the prosecution and conviction in 2007 of Vice President Dick Cheney's chief of staff Scooter Libby for perjury and obstruction of justice. As a federal prosecutor, he led a number of high-profile investigations, including those w ...
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Chicago Loop
The Loop, one of Chicago's 77 designated community areas, is the central business district of the city and is the main section of Downtown Chicago. Home to Chicago's commercial core, it is the second largest commercial business district in North America and contains the headquarters and regional offices of several global and national businesses, retail establishments, restaurants, hotels, and theaters, as well as many of Chicago's most famous attractions. It is home to Chicago's City Hall, the seat of Cook County, and numerous offices of other levels of government and consulates of foreign nations. The intersection of State Street and Madison Street, located in the area, is the origin of the address system of Chicago's street grid. Most of Grant Park's 319 acres (1.29 km2) are in the eastern section of the community area. The Loop community area is bounded on the north and west by the Chicago River, on the east by Lake Michigan, and on the south by Roosevelt Road. The ...
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Nadhmi Auchi
Nadhmi Shakir Auchi, ( ar, نظمي أوجي; born 11 June 1937) is a British-Iraqi businessman and billionaire, founding president of the Anglo–Arab Organisation, and the founder and chairman of General Mediterranean Holding (GMH), a conglomerate of 120 companies worldwide. According to The ''Sunday Times Rich List'' in 2020, Auchi is worth £1.182 billion. Personal life Born in the Karadat Mariam area of Baghdad, Iraq in 1937 to an Assyrian family of the Chaldean Catholic Church, Auchi attended Al Mansoor Primary School and Baghdad College High School, before going on to study at Baghdad's Mustansiriyah University. He married his wife Ibtisam in 1963, and together they have 3 daughters and 1 son, born in 1964 and 1972 respectively. In 1979, he and his family fled to London following an extortion attempt by an enforcer for Barzan Ibrahim al-Tikriti. Six years later, Auchi's younger brother Naseer was hanged by the Baathist regime after discovering the extent of al-Tikrit ...
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GE Capital
GE Capital is the financial services division of General Electric. The company currently only runs one division, GE Energy Financial Services. It had provided additional services in the past; however, those units were sold between 2013 and 2018. Overview On July 8, 2013, the Financial Stability Oversight Council designated GE Capital as a "systemically important financial institution", which makes it subject to oversight by the Federal Reserve. In 2014, GE Capital had 35,000+ employees worldwide, operating in more than 40 countries, with total assets of US$499 billion. It was rated AA+ with stable outlook by S&P in 2012. GE Capital's subsidiaries also operated under the GE Money brand. Restructuring plan On April 10, 2015, Jeffrey R. Immelt, the CEO of General Electric, announced that GE would sell most of GE Capital over the next two years. The following areas were sold: *GE Capital Sponsor Finance was sold to Canada Pension Plan Investment Board and Sumitomo Mitsui Banking ...
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Wisconsin
Wisconsin () is a state in the upper Midwestern United States. Wisconsin is the 25th-largest state by total area and the 20th-most populous. It is bordered by Minnesota to the west, Iowa to the southwest, Illinois to the south, Lake Michigan to the east, Michigan to the northeast, and Lake Superior to the north. The bulk of Wisconsin's population live in areas situated along the shores of Lake Michigan. The largest city, Milwaukee, anchors its largest metropolitan area, followed by Green Bay and Kenosha, the third- and fourth-most-populated Wisconsin cities respectively. The state capital, Madison, is currently the second-most-populated and fastest-growing city in the state. Wisconsin is divided into 72 counties and as of the 2020 census had a population of nearly 5.9 million. Wisconsin's geography is diverse, having been greatly impacted by glaciers during the Ice Age with the exception of the Driftless Area. The Northern Highland and Western Upland along wi ...
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Papa John's Pizza
Papa John's International, Inc., d/b/a Papa Johns, is an American pizza restaurant chain. It is the fourth largest pizza delivery restaurant chain in the United States, with headquarters in Louisville, Kentucky and Atlanta, Georgia metropolitan areas. Papa John’s global presence has reached over 5,500 locations in 49 countries and territories; and is currently the world’s third-largest pizza delivery company. History 1984–2009 The Papa John's restaurant was founded in 1984 when "Papa" John Schnatter installed an oven inside a broom closet in the back of his father's tavern, Mick's Lounge, in Jeffersonville, Indiana. He then sold his 1971 Camaro Z28 to purchase US$1,600 worth of used pizza equipment and began selling pizzas to the tavern's customers out of the converted closet. His pizzas proved sufficiently popular that a year later he moved into an adjoining space. Dipping sauce specifically for pizza was invented by Papa John's Pizza that same year, and has since ...
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Gentrification
Gentrification is the process of changing the character of a neighborhood through the influx of more affluent residents and businesses. It is a common and controversial topic in urban politics and planning. Gentrification often increases the economic value of a neighborhood, but the resulting demographic displacement may itself become a major social issue. Gentrification often sees a shift in a neighborhood's racial or ethnic composition and average household income as housing and businesses become more expensive and resources that had not been previously accessible are extended and improved. The gentrification process is typically the result of increasing attraction to an area by people with higher incomes spilling over from neighboring cities, towns, or neighborhoods. Further steps are increased investments in a community and the related infrastructure by real estate development businesses, local government, or community activists and resulting economic development, incr ...
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United States Dollar
The United States dollar ( symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, it ...
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