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Exiting World Biz Chicago CEO weighs in on Chicago's challenges — and its advantages

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ChicagoGlobal by H. Lee Murphy

"The future of mankind will be dominated by 20 to 25 super-regions, with Chicago prominent among them," says Michael Fassnacht, who exits the economic development agency this month.

Michael Fassnacht
Alamy
Global Cities

In Chicago's Little Italy, time is running out

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ChicagoGlobal by Ally Marotti

"Little Italy is no longer a thing,” says one restaurant operator. “It has come and gone.”

A wood fence painted with the Italian flag and a for sale sign Global Economy

Chicago transit confronts a fiscal cliff, but it isn't Caracas

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ChicagoGlobal by AJ Caughey

Chicago's transit system may need to make cuts and raise fares after COVID relief funds phase out, but riders won't likely see a systemic collapse like Venezuelan commuters experienced in the 2010s.

CTA Green Line train travels west from Chicago
AP Photos
Global Cities

Underground climate change is slowly sinking Chicago and cities across the globe

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ChicagoGlobal by Nicole L. Cvetnic

We know Venice is sinking. What about Chicago, which accounts for about 234 square miles of land?

An aerial view of Chicago
AP Photos
Global Cities

Hollywood's 'Oppenheimer' moment puts a sobering UChicago tradition into focus

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ChicagoGlobal by H. Lee Murphy

The day the film earned 13 Academy Award nominations was also the day the Bulletin of Atomic Scientists' Doomsday Clock was set to reflect that the world is now closer to apocalypse than it has been at any time before.

A person with a clock and the words "it is 90 seconds to midnight"
AP Photos
Defense and Security

ICJ Judge Voted Against Every Approved Measure in Israel Genocide Case

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Global Insight by Hope O'Dell

Julia Sebutinde of Uganda voted no on more measures in the ICJ's ruling than the judge Israel appointed to the UN court for this case.

Judges preside over the opening of the hearings at the International Court of Justice in The Hague, Netherlands
Patrick Post / AP
Defense and Security

The big business of small trains: Why Chicago models are so popular internationally

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ChicagoGlobal by AJ Caughey

Chicago’s transit system has international fans, and your commuter train might be an international influencer.

A Chicago Transit Authority train passes overhead near W Roscoe and Clark Streets
AP Photos
Global Cities

How Alinea wound up on so many global travelers' bucket lists

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ChicagoGlobal by H. Lee Murphy

In the elite realm of haute cuisine where Alinea resides, the influence, name recognition, and drawing power of the restaurant extends well beyond Chicago to the dining capitals of the world.

Inside Alinea restaurant
Courtesy of Alinea
Global Economy

Why is Sweden Telling its Citizens to Prepare for War?

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Global Insight by Hope O'Dell

As the country moves closer to joining NATO, member countries, including Poland and Germany, have said that within the next decade Russia could attack nations that have joined the military alliance. 

Ukrainian President Volodymyr Zelenskyy, right, and Swedish Prime Minister Ulf Kristersson attend a joint news conference
Efrem Lukatsky / AP
Defense and Security

What Happens When Ships Can't Cross the Red Sea and Panama Canal?

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Global Insight by Hope O'Dell

Houthi attacks in the Red Sea and drought in the Panama Canal are delaying shipments and could increase emissions.

Collage of a cargo ship in water
Elizabeth Sokolich (photos: Envato)
Global Economy