
May 24, 2021 - Full Show
5/24/2021 | 56m 43sVideo has Closed Captions
Watch the May 24, 2021 full episode of “Chicago Tonight.”
What’s on the docket for the final week of legislative session in Springfield? The future of the Chicago Tribune. The pandemic’s historic impact on hunger. United jumps into the vaccine reward game.
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May 24, 2021 - Full Show
5/24/2021 | 56m 43sVideo has Closed Captions
What’s on the docket for the final week of legislative session in Springfield? The future of the Chicago Tribune. The pandemic’s historic impact on hunger. United jumps into the vaccine reward game.
Problems playing video? | Closed Captioning Feedback
How to Watch Chicago Tonight
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In this Emmy Award-winning series, WTTW News tackles your questions — big and small — about life in the Chicago area. Our video animations guide you through local government, city history, public utilities and everything in between.Providing Support for PBS.org
Learn Moreabout PBS online sponsorshipGOOD EVENING AND WELCOME TO "CHICAGO TONIGHT."
I'M PARIS SCHUTZ.
>> I'M BRANDIS FRIEDMAN.
ON THE SHOW TONIGHT.
>> THIS IS JERRY PLANDERRING 101.
>> A ONCE IN A DECADE FIGHT.
WE HAVE A LOOK AT THE PROPOSED NEW MAPS OF POLITICAL POWER.
>> I'M ASKING MY COLLEAGUES TO PLEASE GROW A PAIR AND DO THE RIGHT THING.
>> STRONG WORDS AS ALDERMEN DEBATE THE RIGHT WAY TO CREATE A POLICE MISCONDUCT WILL DATABASE.
AND THEY CALL IT SMOKE AND MIRRORS.
>> A CONTROVERSIAL HEDGE FUND WILL BE THE SOLE OWNER OF THE "CHICAGO TRIBUNE" WHAT IT COULD MEAN FOR THE CITY'S MEDIA LANDSCAPE.
>> THE ECONOMY IS BOUNCING BACK BUT FOR MORE THAN 600,000 COOK COUNTY RESIDENTS FOOD INSECURITY IS EXPECTED TO REMAIN KEEPING FOOD PANTRIES BUSY.
>> AS THE ANNIVERSARY OF GEORGE FLOYD'S DEATH APPROACHES, MEMBERS OF THE THREE SOCIAL JUSTICE ORGANIZATIONS REFLECT ON THE PAST YEAR AND LOOK AHEAD.
>> UNITED AIRLINES LAUNCHES ITS OWN VACCINE LOTTERY THAT AND MORE FROM CRAIN'S.
>> AND THE RISE AND RECENT FALL OF BITCOIN ARE THE DIPS IN VALUE SIGNS OF A CRYPTOCURRENCY BUBBLE?
FIRST SOME OF TODAY'S TOP STORIES.
CHICAGO SUFFERS THROUGH THE DEADLIEST WEEKEND OF THE YEAR.
THE CHICAGO POLICE DEPARTMENT REPORTS NINE HOMICIDES AND 36 SHOOTINGS OVER THE WEEKEND ALTHOUGH "THE SUN TIMES" REPORTED THOSE NUMBERS AT 12 AND MORE THAN 50 RESPECTIVELY.
AT A NEWS CONFERENCE THIS MORNING SUPERINTENDENT DAVID BROWN SAID THERE ARE 94 PEOPLE CHARGED WITH MURDER NOW, RELEASED TO HOME CONFINEMENT ON 0 ELECTRONIC MONITORING.
BROWN POINTS HIS FINGER AT COOK COUNTY JUDGES IMPOSES THE BAIL DECISIONS AWAY FROM KIM FOXX.
BROWN SAYS THE JUDGE'S DECISIONS ARE A BIG RISK TO PUBLIC SAFETY.
>> THESE PEOPLE ARE GOING BACK TO COMMUNITIES OF COLOR WHO HAVE IN MY OPINION, THE HIGHEST VICTIMIZATION RATES ACROSS THE CITY.
SO IT IS A HEALTHY DEBATE.
BUT IT'S NOT A KIM FOXX DEBATE.
IT IS JUDGES HAVE DECIDED THESE ARE THE OUTCOMES FOR PEOPLE WHO COMMIT VIOLENT CRIME UP TO AND INCLUDE MURDER.
>> ILLINOIS HEALTH OFFICIALS ARE REPORTING 933 NEW CASES OF THE CORONAVIRUS TODAY.
AND 10 ADDITIONAL DEATHS.
THE STATE'S TOTAL CASE COUNT IS 1.376 MILLION AND 22,633 PEOPLE HAVE DIED.
AND NEARLY 40% OF ALL ADULTS IN ILLINOIS ARE NOW VACCINATED.
>> ST. SABINA PASTOR MICHAEL PFLEGER WILL BE RETURNING TO THE PARISH AFTER THE ARCHDIOCESE ANNOUNCED IT'S REINSTATING PFLEGER TO MINISTRY.
HE WAS ACCUSED OF CHILD SEXUAL ABUSE.
TODAY BEFORE SPEAKING TO REPORTERS HE RETURNED TO THE STAIRS AT ST. SABINA IN AUBURN GRESHAM TO APPLAUSE FROM SUPPORTERS.
>> I'M SO RELIEVED AND GLAD THIS NATURE MAIER IS OVER.
[CHEERING] NIGHTMARE IS OVER.
[CHEERING] [APPLAUSE] I WILL CONTINUE TO PRAY FOR THE TWO BROTHERS.
I PROMISE YOU, THAT I WILL RETURN WITH RENEWED ENERGY, WITH A DEEPENED COMMITMENT TO ST. SABINA TO THE CITY OF CHICAGO AND TO THIS COMMUNITY THAT WE SERVE.
>> IN A LETTER TO PARISHIONERS, THE CARDINAL SAYS THE REVIEW BOARD CONCLUDED THERE IS INSUFFICIENT REASON TO SUSPECT FATHER PFLEGER IS GUILTY OF THE ALLEGATIONS.
HE ASKED PFLEGER TO TAKE FOR TWO WEEKS TO PREPARE FOR HIS RETURN ON JUNE 5.
PARIS, BACK TO YOU.
>> DEMOCRATS ARE OUT WITH A NEW MAP FOR ILLINOIS.
NOW LET'S MAKE CLEAR THIS MAP IS NOT GOOD FOR A ROAD TRIP BUT IT IS A ROADMAP TO POLITICAL POWER.
AMANDA VINICKY IS AT THE STATE HOUSE IN SPRINGFIELD RIGHT NOW AND JOINS US.
MAKE SENSE OF THIS FOR US?
>> ALL RIGHT, PARIS.
POLITICIANS STILL NEED TO RUN FOR OFFICE AND WIN A SEAT IF THEY WANT TO BE A VOTING MEMBER OF THE ILLINOIS HOUSE ON THE FLOOR BEHIND ME OR A STATE SENATOR ACROSS THE DOME.
BUT THE DISTRICTS IN WHICH THEY RUN AND THE CONSTITUENTS WHO LIVE IN THOSE DISTRICTS HAVE HUGE INFLUENCE ON WHO MAY WIN THOSE RACES.
AND WE NOW HAVE A GLIMPSE AT WHAT THE NEW BOUNDARIES OF POLITICAL POWER THAT WILL DETERMINE POWER FOR THE NEXT DECADE IN ILLINOIS LOOK LIKE.
ILLINOIS DEMOCRATS ON FRIDAY EVENING UNVEILING THEIR DRAFTS OF DISTRICTS FOR THE ILLINOIS HOUSE AND SENATE.
>> THE DEMOCRATS USE AN ETCH SKETCH TO DRAW THE LINES.
THESE THINGS DO NOT MAKE SENSE THIS IS JERRY MANNEDDERRING 101.
>> THE G.O.P.
IS NOT HAPPY BUT THEY DON'T HAVE MUCH OF A SAY BECAUSE DEMOCRATS HOLD SUPER MAJORITIES IN BOTH CHAMBERS, SO DEMOCRATS CAN AND DID DRAW THE MAPS THEMSELVES.
REPUBLICANS SAY THAT THAT IS OBVIOUS GIVEN HOW MANY DISTRICTS PIT G.O.P.
INCUMBENTS AGAINST ONE ANOTHER AND HOW MANY DISTRICT LINES DIP AND CURL TO INCLUDE MORE DEMOCRAT-LEANING POPULATIONS.
RYAN SPAIN SAYS THE PROCESS IS RIGGED.
>> THE ONLY THING THAT SEEMS TO MATTER ARE THE HOME ADDRESSES OF INCUMBENT POLITICIANS SO THAT DEMOCRATS CAN BE PROTECTED AND REPUBLICANS CAN BE PUNISHED.
>> NOW, IT'S NOT JUST THE G.O.P.
THAT IS COMPLAINING HOWEVER, YOU HAVE ORGANIZATIONS INVOLVED, GROUPS LIKE THE BETTER GOVERNMENT ASSOCIATION, THE BLACK CHAMBER OF COMMERCE, THE LATINO POLICY FORUM REJECTING THESE PROPOSED MAPS THEY SAY THE MAPS WERE DRAWN USING OUT DPATTED FAWLTY INFORMATION BECAUSE THE FEDS HAVE NOT SENT STATE'S CENSUS DATA.
THE DECISIONS BY THE LAWMAKERS WILL DISENFRANCHISE TENS OF THOUSANDS OF VOICES FOR A DECADE.
THEY SAY HOW IS THIS EQUITY FOR ILLINOIS?
STATE REPRESENTATIVE LISA HERNANDEZ CHAIRS THE HOUSE REDISTRICTING COMMITTEE AND SAY THE CRITICISM IS DISAPPOINTING.
>> WE HAD LIKE OVER 45 HEARINGS, DO YOU UNDERSTAND THAT IS A LOT OF FEEDBACK FROM COMMUNITIES.
WHICH HAD A MAPS OF THEIR OWN AND ALL KINDS OF PRESENTATIONS.
THERE WAS A LOT OF INFORMATION THAT CAME IN.
>> HERNANDEZ SAYS THE G.O.P.
HAD AN OPPORTUNITY TO GIVE INPUT.
>> IT DOESN'T SURPRISE ME WHAT THEY'RE SAYING BECAUSE THEY ARE LOOKING FOR A SHOT AT YOU KNOW, SOMETHING TO GO THEIR WAY.
>> NOW, COMMUNITY GROUPS ARE DEMANDING THAT GOVERNOR J.B. PRITZKER FULFILL HIS PREVIOUSLY AND REPEATED PLEDGES TO VETO ANY PARTISAN MAPS AND THE G.O.P.
IS ALSO PUTTING PRESSURE ON THE GOVERNOR.
>> THIS IS A DECISION THAT GOVERNOR PRITZKER HAS TO MAKE THIS IS A SAD DAY FOR DEMOCRACY BUT HE HAS A ROLE TO PLAY.
IF HE ALLOWS THIS PROCESS TO GO FORWARD AND SIGNS A MAP MADE IN SUCH A FLAWED WAY, AND IN SUCH A PARTISAN WAY THAT HE IS CONTRIBUTING TO THIS DOWNFALL OF PEOPLE'S FAITH IN THE WAY OUR PROCESS WORKS.
>> THE GOVERNOR IS IN SPRINGFIELD BUT HE HAD NO PUBLIC EVENTS.
HIS OFFICE RELEASING A NONCOMMITTAL STATEMENT SAYING THE GOVERNOR LOOKS FORWARD TO REVIEWING THE MAPS THE GENERAL ASSEMBLY SENDS TO HIS DESK AND IS ALSO LOOKING FORWARD TO HEARING INPUT FROM COMMUNITY MEMBERS DURING THE LEGISLATIVE HEARINGS TAKING PLACE THIS WEEK AND WE HAVE FOUR HEARINGS THE FIRST BEGINS TOMORROW AFTERNOON.
PARIS, BACK TO YOU.
>> JUST THE BEGINNING OF A TUG OF WAR ON THAT.
AND NOW TO BRANDIS FOR A LOOK AT EFFORTS BEHIND A PROPOSED DATABASE OF POLICE MISCONDUCT COMPLAINTS.
>> A PLAN TO CREATE THAT DATABASE BACKED BY MAYOR LIGHTFOOT STALLED IN THE CITY COUNCIL HEARING TODAY.
CRITICS OF THE PROPOSAL SAY IT WOULD DRASTICALLY LIMIT THE NUMBER OF COMPLAINTS INCLUDED AND FALLS SHORT OF FULL TRANSPARENCY.
THE CRITICS INCLUDE THE CITY'S INSPECTOR GENERAL AND SOME ALDERMEN AGREED WITH HIM.
>> THAT TO ME IS A REASON FOR ME TO SAY WE'RE NOT DONE YET.
BECAUSE IF OIG IS NOT ONBOARD AND THEY ARE THE ONES THAT HAVE TO IMPLEMENT THIS THING, THEN SHAME ON US.
>> THE OIG SIMPLY MAKES A RECOMMENDATION AND WE AS COUNCILMEMBERS IT'S ON US AND IT'S OUR RESPONSIBILITY TO EITHER ENACT IT OR NOT ENACT IT.
AND WITH HIS RECOMMENDATION IN THIS CASE, I CERTAINLY DISAGREE WITH IT.
>> WTTW NEWS REPORTER HEATHER CHERONE JOINS US NOW WITH MORE.
HEATHER THERE'S BEEN DEBATE OVER HOW FAR BACK THIS DATABASE SHOULD GO AND WHAT SHOULD BE INCLUDED WHERE DOES THE LATEST VERSION OF THIS PLAN STAND?
>> IT WOULD INCLUDE COMPLAINTS GOING BACK TO THE YEAR 2000.
JOSEPH FERGUSON, THE WATCHDOG WANTED IT TO GO BACK TO 1994.
BUT THAT IS LITERALLY TENS OF THOUSANDS OF COMPLAINTS IF NOT HUNDREDS OF THOUSANDS OF COMPLAINTS SO IT WAS SCALED BACK.
THE BIGGER DEBATE IS WHAT KIND OF COMPLAINTS SHOULD BE IN THAT DATABASE.
THE INSPECTOR GENERAL SAID HE FEARED IT WOULD NOT INCLUDE ENOUGH WHILE ALDERMEN SAID THEY WANTED TO MAKE IT MANAGEABLE AND REASONABLE BOTH IN TERMS OF SCOPE AND PRICE.
>> AND THE MEASURE DID NOT GET A VOTE IN TODAY'S HEARING.
ANY IDEA WHAT IS NEXT?
>> WELL, ALDERMEN WAGUESPACK CHAIRMAN OF THE FINANCE COMMITTEE WHO HAS BEEN SHEPARDING THIS THROUGH SAID HE WOULD TRY TO NEGOTIATE A COMPROMISE WITH JOSEPH FERGUSON.
BUT THAT, I THINK, IS A LONGSHOT BECAUSE THE TWO SIDES ARE FAR APART ON WHAT SHOULD BE INCLUDED IN THE DATABASE AND THERE ARE A NUMBER OF ALDERMEN WHO DON'T THINK IT'S WORTH THE EXPENSE GIVING THEM A NARROW PATH TO WALK TO LEGISLATIVE SUCCESS DESPITE THE SUPPORT OF MAYOR LIGHTFOOT.
>> MORE TO COME ON THIS OR NOT.
HEATHER CHERONE THANK YOU SO MUCH FOR JOINING US.
>> THANKS, BRANDIS.
>> AND YOU CAN READ HEATHER'S STORY AND ON OUR WEBSITE AT WTTW.COM/NEWS.
>> AND NOW, BACK TO PARIS AND THE LATEST ON BIG NEWS FOR CHICAGO JOURNALISM.
>> PARIS?
>> ALDEN GLOBAL CAPITAL IS SET TO BE THE NEW OWNER OF THE "CHICAGO TRIBUNE".
SHAREHOLDERS VOTED LAST WEEK ON A TAKEOVER BID BY THE CONTROVERSIAL HEDGE FUND IN A DEAL WORTH $630 MILLION.
MANY IN AND OUT OF THE INDUSTRY HOPED THIS DEAL WOULD BE AVOIDED SAYING THAT IT COULD CRIPPLE THE "CHICAGO TRIBUNE" AND JOINING US ARE DAVID JACKSON, A REPORTER AT THE BETTER GOVERNMENT ASSOCIATION AND A FORMER TRIBUNE REPORTER AND CHARLES WHITAKER DEAN AND PROFESSOR AT NORTHWESTERN'S MACDILL SCHOOL OF JOURNALISM.
WE REACHED OUT TO ALDEN FOR COMMENT BUT HAVE NOT RECEIVED A RESPONSE.
WE THANK YOU FOR BEING BACK HERE.
DAVID JACKSON FRIDAY WAS THE DAY THAT YOU AND YOUR FORMER COLLEAGUES HOPED TO AVOID.
YOU HAD WARNED AGAINST THIS TAKEOVER BID FROM ALDEN GLOBAL CAPITAL.
NOW THAT IT'S DONE WHAT DOES IT MEAN FOR THE SHORT AND LONG-TERM OF THE "CHICAGO TRIBUNE"?
>> WELL, IT'S REALLY PARIS, A QUESTION WHAT IT MEANS FOR OUR CITY AND FOR THE OTHER CITIES THAT HAVE HAD THE GREAT TRIBUNE PUBLISHING NEWSROOMS STANDING UP FOR THEIR COMMUNITIES AND IN MY OPINION, THIS IS A THE QUESTION IS WHAT DOES THIS MEAN FOR AMERICAN DEMOCRACY?
WHAT DO WE LOSE WHEN WE LOSE LOCAL AND REGIONAL NEWSPAPERS?
AND I THINK ON ALL OF THOSE COUNTS, ALDEN'S TRIUMPH IS THE COMMUNITY'S LOSS.
>> CHARLES WHITAKER, IS IT A FATE ACOMPLY THAT ALDEN WILL SLASH TO THE BEN AND DIMINISH RESOURCES?
CHARLES, I THINK YOU ARE ON MUTE.
>> IF HISTORY IS ANY INDICATION YES, I THINK THAT IS TRUE.
THEIR PATTERN IS TO GO IN AND MAXIMIZE PROFITS AND THAT MEANS CUTTING EVERYTHING TO THE BONE.
SO THAT YOU CAN SQUEEZE AS MUCH PROFIT OUT OF THE PRODUCT.
>> AND THAT IS CONSISTENT WITH THE OTHER PAPERS THEY HAVE OWNED FOR THE LAST SEVERAL YEARS.
LET'S HEAR FROM TRIBUNE REPORTER AND UNION PRESIDENT GREG PRATT ABOUT HIS FEARS OF THE TAKEOVER.
>> ALDEN GLOBAL CAPITAL OFTEN TALKS ABOUT HOW THEY CARE ABOUT SUSTAINABLE FUTURES FOR JOURNALISM BUT THERE IS NOT A TON OF EVIDENCE TO SUPPORT THAT.
THEY HAVE A HORRIBLE TRACK RECORD AND YOU HAVE TO TAKE PEOPLE FOR WHAT THEY DO AND NOT WHAT THEY SAY.
>> YOU AND GARY MARKS TRIED TO FIND DEEP POCKETED INVESTORS, CIVIC LEADERS THAT WOULD MOUNT A COMPETING TAKEOVER BID NOW THAT ALDEN HAS FINISHED ITS DEAL, DOES THAT MEAN THERE IS NO HOPE FOR ANY OTHER BID, SAY, A CIVIC LEADER WANTS TO COME FORWARD NOW AND OFFER ALDEN MORE THAN THAT $630 MILLION?
>> I AM NOT AT THE DEAL TABLE, PARIS, BUT I WOULD SAY EMPHATICALLY THE WINDOW IS CLOSED FOR THAT TYPE OF NEGOTIATION.
WE LOOKED BEYOND DEEP POCKETED AND WEALTHY INVESTORS.
WE LOOKED AT AND TWO, AND TALKED TO THE PHILANTHROPIES IN CHICAGO AND TO MANY IN THE JOURNALISM COMMUNITY HERE.
AND VARIOUS COMMUNITY ORGANIZATIONS TO TRY TO SEE WHAT COULD BE NIPPED TOGETHER AND AT THE END OF THE DAY, THIS APPARENTLY WAS SOMETHING IN WHICH THE CITY LEADERS SIMPLY AND I SAY LEADERS, I MEAN THE NONPROFIT AND BUSINESS AND CIVIC LEADERS, COULDN'T STEP UP TO DO.
>> CHARLES WHITAKER IS THIS THE ONLY WAY OUT FOR NEWSPAPERS TO BEG DEEP POCKETED FOLKS, BILLIONAIRES OR PHILANTHROPIC FOLKS TO COME IN AND RESCUE THE NEWSPAPER?
>> I DON'T THINK RELYING ON BILLIONAIRES IS THE WAY OUT.
OF COURSE IT LOOKED LIKE THE ONLY WAY OUT BECAUSE THAT IS THE ONLY MODEL WE HAVE.
BUT IT'S BEEN CLEAR THAT THE FILL THOPPIC -- PHILANTHROPIC COMMUNITY DOES NOT WANT TO BE SUPPORTING THE PUBLICATIONS.
BILLIONAIRES WANT TO MAKE MONEY SO WE HAVE TO LOOK FOR ALTERNATIVE MODELS.
>> AND DAVID JACKSON WE TALKED IN THE PAST SOME OF THE LEADERS THAT WERE IN HIGH LEVEL DISCUSSIONS.
YOU SPOKE TO MANY PHILANTHROPIC FOLKS WHAT WAS THE REASONING THAT YOU GLEANED THAT THEY DID NOT WANT TO DIP THEIR TOE IN THIS?
>> WELL, THE TRIBUNE HAD BEEN DAMAGED BY A SERIES OF GREEDY AND BONE HEADED CORPORATE DIRECTORS OVER SEVERAL YEARS.
AND OBVIOUSLY HAD LOST ITS FOREIGN BUREAUS, ITS NATIONAL BUREAUS ITS WASHINGTON BUREAUS.
WHEN YOU SAT DOWN TO LOOK AT THE BOOKS TODAY, AND SEE HOW COULD YOU REVIVE AN AMBITIOUS MISSION DRIVEN CIVIC MINDED JUSHLISM ENTERPRISE FROM WHAT WAS LEFT IT WAS TOUGH.
AND THAT'S THE REALITY.
I REALLY THINK, CHARLES IS RIGHT, HOWEVER, THE FUTURE IS NOT WEALTHY OR DEEP POCKETED INVESTORS.
THE FUTURE IS READERS AND SUBSCRIBERS WHO SEE VALUE IN THE WORK JOURNALISM DOES AND ARE WILLING TO PAY A LITTLE BIT TO GET THAT JOURNALISM IN THEIR HOMES OR ON THEIR SCREENS EVERYDAY.
I THINK THAT'S REALLY WHERE THEIR FIGHT TURNS NOW FOR ALL THE MOSAIC OF NONPROFIT NEWSROOMS IN CHICAGO AND THE OTHER VERY IMPORTANT LEGACY NEWSROOMS IN THE U.S.A. >> AND THIS NEWSROOM WE SHOULD FULL DISCLOSURE IS A NONPROFIT NEWSROOM AND WE'VE SEEN SOME SUCCESS OF THAT NEW MODEL AT LEAST ON THE HYPER LOCAL LEVEL WITH PUBLICATIONS LIKE BLOCK CLUB.
DO YOU SEE THAT MODEL BACKING A LEGACY INSTITUTION LIKE THE "CHICAGO TRIBUNE"?
CAN SOMETHING COME IN AND FILL THAT VOID?
>> NO, I MEAN EVEN THE HYPER LOCAL MODEL IS SUCCESSFUL FOR NOW.
BUT AGAIN IT'S BEING PROPPED UP BY PHILANTHROPY IT IS NOT A MODEL BUILT ON CONSUMERS PAYING WHAT IT COSTS TO PRODUCE A LARGER BRANCH OF WHAT IT COSTS TO PRODUCE JOURNALISM.
AND NO THAT IS NOT A MODEL THAT WILL SORT OF SUSTAIN LEGACY PUBLICATIONS LIKE THE "CHICAGO TRIBUNE".
WE ARE GOING TO HAVE A MULTIPRONGED BUSINESS MODEL THAT RELIES ON SUBSCRIBERS AND VESTIGES OF ADVERTISING, MAYBE EVENTS BUT WE HAVE TO RETHINK WHAT THE MODEL FOR JOURNALISM IS AND AS DAVID SAID WE HAVE TO CONVINCE THE PUBLIC THIS IS SOMETHING THAT IS WORTH PAYING FOR.
WE HAVE DONE A TERRIBLE JOB CONVINCING THE PUBLIC THAT JOURNALISM IS SOMETHING THAT IS IMPORTANT, THAT SHOULD BE MAINTAINED.
EVERYONE THINKS IT'S LIKE AIR AND IT SHOULD BE FREE.
WE HAVE TO CHANGE THAT MINDSET IN ORDER TO KEEP JOURNALISM THRIVING.
>> DAVID JACKSON A WAY TO DO THAT IS TO PRODUCE GREAT JOURNALISM ENTERPRISE STORIES AND MAKE PEOPLE REALIZE HOW ESSENTIAL THAT IS.
DO YOU SEE THIS ECO-SYSTEM IS A PATCHWORK OF NONPROFITS, HYPE LOCAL AND DYING LEGACY OUTLETS OR CAN ANYTHING FILL THE VOID HERE?
>> WELL, WHEN YOU WENT BACK 10 OR 15 YEARS AGO, PARIS, TO THE "CHICAGO TRIBUNE", YOU SAW A CIVIC MISSION NESTED IN A FOR-PROFIT COMPANY.
THE NEWSROOM THAT I BECAME A PART OF WAS REALLY A GROUP OF IDEALISTIC, COMMITTED, PASSIONATE JOURNALISTS WHO HAPPENED TO WORK FOR A COMPANY THAT WAS ALSO MAKING AT THAT TIME COMPARED TO ALDEN, A MODEST PROFIT.
AND I THINK THE THAT SPIRIT HAS NEVER BEEN LOST IN CHICAGO.
THIS IS A CITY OF KICK BUTT INVESTIGATIVE JOURNALISM OF HARDCORE COMMUNITY JOURNALISM THAT IS GOING BACK OVER DECADES FROM STUDS TUR KELL FORWARD AND YOU SEE THAT SPIRIT IN BLOCK CLUB CHICAGO AND MANY OF THE OTHER NONPROFIT OUTLETS.
AND FRANKLY, ITH I THAT IT'S NOT MY GENERATION THAT WILL FIGURE THIS OUT.
I THINK IT'S THE NEXT GENERATION COMING UP.
>> THE COMING GENERATION AND SO MANY REPORTERS AT THE TRIBUNE THAT LEFT TO GO ON TO OTHER PLACES LIKE YOURSELF.
THEY ARE STILL HERE IN CHICAGO DOING GREAT WORK.
OUR THANKS TO CHARLES WHITAKER AND DAVID JACKSON.
>> THANK YOU.
>> AND UP NEXT WE CHECK IN WITH LOCAL FOOD PANTRIES TO HEAR WHY THEY BELIEVE FOOD INSECURITY IS EXPECTED TO REMAIN.
SO PLEASE STAY WITH US.
>> THE GREATER CHICAGO FOOD DEPOSITORY WHICH SUPPLIES FOOD PANTRIES ACROSS THE CITY SAYS IN ITS MORE THAN 40-YEAR HISTORY IT HAS NEVER SEEN A HUNGER CRISIS LIKE THE ONE CAUSED BY THE COVID-19 PANDEMIC.
THE SITUATION MAY BE EASING SOMEWHAT AS THE ECONOMY BOUNCES BACK BUT IT IS ESTIMATED THAT MORE THAN 600,000 RESIDENTS OF COOK COUNTY OR ROUGHLY 12% WILL STRUGGLE THIS YEAR TO MEET THE MOST BASIC OF NEEDS.
FOOD.
TONIGHT AS PART OF OUR FIRSTHAND LIVING IN POVERTY SERIES, WE TAKE A LOOK AT THE PANDEMIC'S IMPACT ON FOOD INSECURITY.
JOINING US NOW WITH MORE ARE GREGORY GROSS CARE FOR REAL WHICH RUNS FOOD PANTRIES IN ROGERS PARK AND EDGEWATER AND BEYOND.
NICOLE ROBINSON WHO IS THE CHIEF PARTNERSHIPS AND PROGRAMS OFFICER AT THE GREATER CHICAGO FOOD DEPOSITORY.
AND ERIC CLARK DIRECTOR OF THE SHELLED DON HEIGHTS PANTRY THAT PROVIDES SERVICES TO RESIDENTS.
THANK YOU FOR JOINING US.
NICOLE ROBINSON LET'S START WITH YOU, PLEASE.
GIVE US A SENSE OF THE LEVEL OF NEED OUT THERE?
>> BRANDIS, THANKS FOR PRIORITIZING THIS AS A TOPIC AND YOU WERE SPOT ON WHEN YOU TALKED ABOUT THE 600,000 PEOPLE AND 12% OF OUR SERVICE AREA WHO ARE COPING WITH FOOD INSECURITY.
I ADD THAT MANY OF THESE INDIVIDUALS AND FAMILIES WERE COPING WITH FOOD INSECURITY BEFORE THE PANDEMIC.
38% OF BLACK FAMILIES WITH CHILDREN IN THE HOUSEHOLD, 28% LATINO CHILDREN IN THE HOUSEHOLD AND 17% OF WHITE HOUSE HOLDS FACE FOOD INSECURITY TODAY.
WE ARE DOING OUR BEST AND I'M GLAD I'M JOINED BY GREGORY AND ERIC WHO ARE ON THE GROUND HELPING CONNECT PEOPLE TO FOOD BUT IT IS UNPRECEDENTED AT THE PEAK OF THE PANDEMIC.
FOOD PANTRIES LIKE THE ONES THAT WE RUN SAW IN THE NEIGHBORHOOD OF 150% INCREASE IN THE NUMBER OF PEOPLE WHO WERE SHOWING UP.
WE'VE SEEN THAT DECLINE OVER THE COMING MONTHS AND WE'VE SEEN THE FEDERAL RELIEF COME IN TO THE CITY.
RENTAL SUBJECTSIES AND OTHER SUPPORTS BUT IT'S WELL ABOVE PREPANDEMIC LEVELS.
>> WE'LL GET TO THE IMPACT OF THE SUPPORTS THAT YOU MENTIONED IF THEY SHOULD BEGIN TO GO AWAY AS THE ECONOMY BEGINS TO BOUNCE BACK.
GREGORY GROSS, THE PANDEMIC CAUSED THE NEED TO INCREASE AS WE'VE HEARD HOW WOULD YOU DESCRIBE THE DEMAND FOR YOUR SERVICES TODAY?
>> I WAS JUST LOOKING AT NUMBERS.
AS NICOLE WAS SAYING WE SAW 143% INCREASE IN FIRST TIME GUESTS TO THE PANTRY IN 2020 IN THE FIRST QUARTER OF THIS YEAR, WE SAW A 57% INCREASE OVER THE SAME TIME PERIOD IN 2020.
AND JUST LOOKING AT LAST WEEK, WE'VE HAD THE MOST GUESTS TO OUR PANTRIES THAN WE HAVE SINCE JANUARY OF THIS YEAR.
LIKE NICOLE SAID THE NEED IS NOT GOING ANYWHERE.
WE STARTED A SECOND DAY AT OUR ROGER PARK PANTRY LAST WEEK AND 95% OF THE FOLKS WERE FIRST TIME COMING.
THE NEED EXISTS IT IS A MATTER OF TRYING TO REACH EVERYONE WHO IS EXPERIENCING FOOD INSECURITY.
>> AND TO THAT END, ERIC CLARK ARE YOU ALL ABLE TO MEET ALL OF THE DEMAND THAT YOU ARE EXPERIENCING?
>> YES.
SO FAR WE ARE.
WITH THE HELP OF THE GREATER CHICAGO FOOD DEPOSITORY WE HAVE BEEN ABLE TO MAKE SURE THOSE INDIVIDUALS THE CLIENTS THAT ARE COMING TO OUR PANTRY ARE ABLE TO PICK UP THE FOOD THAT THEY DESPERATELY NEED.
THOSE ARE OUR PREVIOUS CLIENTS AND ALL OF THE ONES THAT GREGORY MENTIONED ALL OF THE NEW CLIENTS.
AND THAT'S WHAT I'M MOST THANKFUL FOR IS AS HE MENTIONED, EVERY WEEK OUR PANTRY IS OPEN ON TUESDAYS, TWICE 10-12 AND 4-6.
WE ARE AVERAGING PROBABLY 10 TO 15 NEW CLIENTS EVERY TUESDAY IN BOTH SESSIONS.
SO IT JUST GOES TO SHOW YOU THAT WEEK AFTER WEEK, THERE ARE STILL NEW INDIVIDUALS WHO ARE WORKING THEIR WAY INTO THAT SYSTEM WHERE THEY ARE LOOKING FOR THE FOOD THAT THEIR FAMILY NEEDS.
>> NICOLE ROBINSON HOW IMPORTANT ARE DONATIONS IN ORDER FOR FOLKS LIKE YOU AND OUR GUESTS TO BE ABLE TO MEET THAT NEED?
AND HAVE THOSE DONATIONS FLUCTUATED OVER THE COURSE OF THE PANDEMIC?
>> BRANDIS, YOU ARE RIGHT.
THE DONATIONS ARE ABSOLUTELY NEEDED BECAUSE THE WORK THAT ERIC AND GREGORY DO EACH DAY IS INVALUABLE THEY ARE HEROS, SUPER HEROS, ACTUALLY.
BECAUSE THE DONATIONS WE NEED DONATIONS FOR FOOD.
BUT GREGORY AND ERIC BOTH USE VOLUNTEERS TO SUPPORT THEIR WORK.
WE'VE DONE A GREAT JOB WE INVESTED ABOUT $5 MILLION SINCE THE BEGINNING OF THE PANDEMIC TO BASICALLY, SUPPORT PANTRIES WITH ANYTHING THEY NEED.
IF THEY NEEDED ADDITIONAL COLD STORAGE, TO STORE MORE FRUITS AND VEGETABLES AND DAIRY ITEMS BECAUSE THEY CAN ONLY DISTRIBUTE SO MUCH FOOD AS THEY CAN STORE.
HOW CAN WE GIVE THEM GENERAL OPERATING SUPPORT TO HIRE MORE STAFF MEMBERS, TO HAVE STIPENS AND LUNCHES FOR VOLUNTEERS.
THERE ARE SO MANY THINGS THAT GO INTO MAKING A FOOD PANTRY OPERATE EFFICIENTLY.
WE HAVE BEEN DOING THE BEST WE CAN AND THE DONATIONS GO A LONG WAY TOWARDS THAT SUPPORT.
>> NICOLE, IS THE SUMMER A TOUGHER MONTHS FOR -- TOUGHER SEASON FOR THOSE DONATIONS?
>> WE TYPICALLY DO SEE A DECLINE.
ONE OF THE SILVER LININGS IN THE PANDEMIC IS THAT AWARENESS FOR FOOD INSECURITY.
I ALWAYS SAY THERE WAS A SILENT PANDEMIC BEFORE COVID-19.
RIGHT.
THERE WERE HUNDREDS OF THOUSANDS OF PEOPLE WHO WERE FOOD INSECURE.
AND GREGRY AND ERIC WERE SERVING THOSE PEOPLE.
RIGHT?
BUT THEY WERE LARGELY IGNORED BY THE REST OF THE WORLD.
WHAT THE PANDEMIC HAS DONE IS RAISED AWARENESS FOR THE FACT THAT THERE ARE PEOPLE COPING WITH POVERTY AND INCONSISTENT ACCESS TO FOOD IS A PART OF THAT EVERYDAY REALITY.
IT HAD BECOME NORMAL.
WHAT I FEEL LIKE NOW WE ARE AT THIS MOMENT WHERE PEOPLE ARE SAYING HEY THAT REALITY IS UNACCEPTABLE.
AND PEOPLE ARE WILLING TO STEP UP AND HELP DONATIONS ARE A PART OF STEPPING UP TO DO THAT WORK.
THE SUMMER IN PARTICULAR KIDS ARE OUT OF SCHOOL.
WE ARE ALL HAPPY THAT OUR CITY IS OPENING UP AND WE CAN DO MORE.
WHAT THAT MEANS IS WE ARE GOING TO HAVE HUNDREDS OF THOUSANDS OF KIDS ACROSS COOK COUNTY OUT IN THE COMMUNITY IN SUMMER.
YOU KNOW, THEY MAY BE IN A COMMUNITY PROGRAM.
THEY MAY NOT.
BUT THAT IS A LARGE POPULATION THAT IS PART OF OUR PONCETY TO MAKE SURE THEY ARE -- RESPONSIBILITY TO MAKE SURE THEY ARE CONNECTED TO FOOD.
SO PEOPLE AS WE GO BACK TO NORMAL, I WANT EVERYONE TO UNDERSTAND THAT THERE ARE FAMILIES WHO ARE FOOD INSECURE THAT CONTINUE TO NEED US.
>> I WANT TO JUMP IN AND GET ERIC IN HERE.
HAVE YOU SEEN A SIGNIFICANT CHANGE IN THE PEOPLE WHO ARE NOW RELYING ON YOUR SERVICE?
>> I WOULD SAY I DON'T NECESSARILY SEE THEM AS DIFFERENT BUT I WOULD SEE THEM AS JUST INDIVIDUALS WHO ARE IN NEED.
AND I THINK ONE OF THE MAJOR TURNING POINTS IN JUST THE OVERALL AWARENESS OF THE NEED FOR FOOD WAS WHEN EVERY NIGHT WE ALL SAW THOSE VIDEOS OF PEOPLE IN CARS IN LONG LINES WAITING FOR FOOD.
YOU KNOW, I THINK TELEVISION DOES A GREAT JOB PICTURES DO A GREAT JOB OF HELPING CONVEY THE IMPORTANCE AND THE SERIOUS NEED OF INDIVIDUALS.
AND IF YOU THINK BACK TO WHEN THE PANDEMIC FIRST STARTED, HOW OFTEN DID WE SEE THOSE LONG LINES?
HOW OFTEN DID WE SEE PEOPLE WAITING HOURS JUST TO GET FOOD?
AND I THINK THAT WAS A MAJOR TURNING POINT BECAUSE PEOPLE ACTUALLY THOUGHT ABOUT OTHERS, THEY REALIZED HOW IMPORTANT IT WAS TO HELP THEIR NEIGHBOR.
BECAUSE OUR NEIGHBORS WERE GETTING SICK.
OUR NEIGHBORS WERE LOSING THEIR JOBS.
EXCUSE ME.
AND SO I THINK IT BECAME VERY REAL, RIGHT, WHEN YOU HAVE SOMEBODY THAT IS CLOSE TO YOU SOMEONE THAT YOU KNOW THAT IS ABOUT TO START THAT SORT OF A STRUGGLE.
>> OBVIOUSLY THAT BRINGS IT HOME.
THAT'S WHERE WE HAVE TO LEAVE IT.
THANKS TO THE THREE OF YOU FOR THE WORK YOU DO AND FOR JOINING US, NICOLE ROBINSON, GREGORY GROSS AND ERIC CLARK.
>> MCDONALD'S HOPES TO REOPEN THE DINING ROOMS BY THE SUMMER BUT SOME FRANCHISEES ARE NOT HAPPY WITH THE IDEA.
WE HEAR FROM TWO STATE LAWMAKERS AS THE LEGISLATURE IS SET TO WRAP UP ITS BUSINESS A WEEK FROM TODAY.
AS WE NEAR THE ONE YEAR ANNIVERSARY OF GEORGE FLOYD'S DEATH MEMBERS OF THREE SOCIAL JUSTICE ORGANIZATIONS REFLECT ON THE PAST YEAR AND WHAT THEY WANT TO SEE MOVING FORWARD.
AND THE RISE AND RECENT FALL OF BITCOIN ARE THE DIPS IN VALUE SIGNS OF A CRYPTOCURRENCY BUBBLE?
FIRST, MORE OF TODAY'S TOP STORIES.
ILLINOIS' HIGHER EDUCATION AND WORKFORCE SYSTEMS ARE FAILING BLACK STUDENTS.
THAT IS THE TAKEAWAY FROM A NEW REPORT RELEASED TODAY FROM THE EQUITY WORKING GROUP.
THE GROUP OF EDUCATORS, POLICYMAKERS AND EMPLOYERS AND ADVOCATES CREATED THE REPORT WHICH FOUND THAT ONLY HALF OF THE STATE'S BLACK HIGH SCHOOL GRADUATES WILL ENROLL IN A COLLEGE OR UNIVERSITY.
OF THEM ONLY 36% WILL GRADUATE AND EVEN FEWER WILL SECURE A JOB THAT PAYS A LIVING WAGE.
THE EQUITY WORKING GROUP SAYS COLLEGE ENROLLMENT FOR BLACK STUDENTS FELL 30% BETWEEN 2013-2018.
AND MAKES RECOMMENDATIONS AROUND COLLEGE ACCESSIBILITY AND AFFORDABILITY AS WELL AS PROVIDING MORE SUPPORTS FOR BLACK STUDENTS.
>> AS WE LOOK TOWARDS THE ELIMINATION OF THE RACIAL WEALTH GAP AS WE LOOK TOWARDS THE REMOVAL OF BARRIERS TO EDUCATION AND TO ADDRESSING INSTITUTIONAL RACISM, WE KNOW THAT EDUCATION IS ONE OF THE MOST IMPORTANT TOOLS THAT WE CAN USE TO DO THAT WORK.
>> ILLINOIS HEALTH OFFICIALS ARE REPORTING 933 NEW CASES OF THE CORONAVIRUS TODAY.
AND 10 ADDITIONAL DEATHS.
IN THE STATE'S TEST POSITIVITY RATE IS 2.7%.
>> AND NOW TO PARIS FOR SOME OF TODAY'S TOP BUSINESS STORIES.
>> PARIS?
>> THANK YOU.
UNITED AIRLINES LAUNCHES ITS VACCINE LOTTERY.
MCDONALD'S SAYS IT'S PLANNING TO OPEN DINING ROOMS BUT NOT WITHOUT PUSHBACK AND AREA REAL ESTATE IN CHICAGO THE ASKING PRICE IS ONLY A SUGGESTION.
HERE IS CRAIN'S BUSINESS EDITOR ANN DWYER.
A LOT TO GET TO HERE.
STARTING WITH UNITED IT IS ANNOUNCING ITS OWN LOTTERIES TO ENCOURAGE PEOPLE TO GET THE COVID-19 VACCINE SHOTS.
WHAT WOULD THE WINNERS GET?
>> THE WINNERS WILL GET WHAT UNITED IS CALLING A YEAR OF FREE TRAVEL.
THAT WOULD EQUATE TO 26 ROUND TRIP FLIGHTS FOR FIVE WINNERS OF THIS LOTTERY.
TO QUALIFY, YOU HAVE TO UPLOAD PROOF THAT YOU ARE VACCINATED BY JUNE 22.
IF YOU ARE GOING TO RUSH TO YOUR COMPUTER AND MAKE THAT HAPPEN, BE AWARE IF YOU DON'T WIN THE GRAND PRIZE THE FIVE FULL YEAR TICKETS THEY WILL BE GIVING AWAY TICKETS FOR TWO TO ANOTHER 30 WINNERS.
BUT ALL THIS UNDERSCORES IS JUST HOW DESPERATE UNITED AND THE AIRLINES ARE TO MAKE SURE THAT THE MAJORITY OF THE FLYING PUBLIC IS VACCINATED.
THEY WANT TO GET BACK TO NORMAL AS QUICKLY AS POSSIBLE.
>> AND I WILL NOT TELL YOU WHETHER OR NOT I WILL RUN TO MY COMPUTER AFTER THIS AND ENTER THAT LOTTERY.
AND ANOTHER CHICAGO COMPANY MCDONALD'S ANNOUNCES PLANS TO OPEN DINING ROOMS SOME ARE PUSHING BACK.
>> THEY CLAIM THEY DON'T HAVE ENOUGH STAFF OR DEMAND FOR IN-PERSON DINING.
TO JUSTIFY THE EXPENSE RIGHT NOW.
IN FACT, A LOT OF FRANCHISEES ARE SAYING WE'RE DOING JUST FINE THANK YOU VERY MUCH WITH DRIVE-THRU AND DELIVERY AND TAKE OUT.
WHICH ALL CAN BE OPERATED WITH FEWER STAFFERS AND THEREFORE LESS EXPENSE.
AND WHAT THE FRANCHISEES SAY MATTERS TO MCDONALD'S CORPORATE BECAUSE HERE IN THE U.S., FRANCHISEES CONTROL ABOUT 95% OF THE 14,000 MCDONALD'S RESTAURANTS NATIONWIDE.
NOW, THE COMPANY SAYS IT IS GOING TO WORK WITH INDIVIDUAL OWNERS TO TRY TO COME UP WITH ALTERNATIVE PLANS AS NECESSARY.
BUT IT'S PRETTY CLEAR THAT HQ WANTS TO SEE RESTAURANTS FULLY REOPENED AGAIN.
IT WILL BE AN INTERESTING THING TO WATCH.
>> MIGHT BE A PATCHWORK DEPENDING.
THE CHICAGO HOUSING MARKET IS ON A HOT STREAK.
I'M HEARING THIS YOU'RE HEARING THIS, NEIGHBORS AND REAL ESTATE PEOPLE SAYING THAT SALES ARE GOING ABOVE ASKING PRICE.
HOW MUCH ABOVE?
AND HOW LONG IS THIS GOING TO LAST?
>> WELL, IT DEPENDS IN PART PARIS ON WHICH NEIGHBORHOOD YOU ARE TALKING ABOUT.
BUT OVERALL, ON AVERAGE, HOUSES IN CHICAGO SOLD FOR SLIGHTLY MORE THAN 100% OF THE ASKING PRICE IN APRIL.
AND OUR REAL ESTATE REPORTERS TELL ME THAT THAT IS ALMOST UNHEARD OF ABOVE 100% AVERAGE ASKING PRICE.
IN SOME NEIGHBORHOODS, THE GAP BETWEEN THE ASKING PRICE AND THE SELLING PRICE IS BIGGER THAN THAT.
IN TALKING ABOUT AVONDALE, IN GREATER GRAND CROSSING AND IN AUBURN GRESHAM, THE AVERAGE PRICE FOR A HOUSE SOLD WAS ABOU% OF THE ASKING PRICE IN THOSE NEIGHBORHOODS.
I SHOULD NOTE THAT THE DATA THAT CRAIN'S ANALYZED HERE, PARIS, IS JUST FOR SINGLE FAMILY HOMES.
BUT THAT ISN'T TO SAY THAT THE CONDO MARKET IS NOT TORRID, TOO.
IN APRIL THOSE UNITS SOLD FOR 98% OF THE ASKING PRICE IN THE CITY.
>> I'M HEARING A LOT OF STORIES LIKE THAT FROM NEIGHBORS IN MY BUILDING AND REAL ESTATE AGENTS.
ANN, WE'LL SEE HOW LONG THE SELLERS MARKET KEEPS UP.
THANK YOU.
>> THANK YOU.
>> AND IT'S THE HOME STRETCH FOR THE ILLINOIS LEGISLATURE.
SET TO WRAP UP ITS BUSINESS A WEEK FROM TODAY.
WE CHECK BACK IN WITH AMANDA VINICKY WHO JOINS US WITH A PAIR OF LEGISLATORS FROM THE STATE CAPITOL.
AMANDA?
>> YES, PARIS I WILL BEGIN WITH A REPUBLICAN SENATOR JASON PLUMBER IS FROM EDWARDVILLE AND ON THE REDISTRICTING COMMITTEE.
WE'VE SEEN NOW A FIRST DRAFT OF THE POTENTIAL MAPS FOR THE NEXT DECADE.
WHAT ARE YOUR THOUGHTS?
>> WELL, THE MAPS ARE TROUBLING BECAUSE WE'VE SEEN THE MAPS BUT WE HAVE NOT SEEN THE DATA THEY USED TO DESIGN THE MAPS.
I'M ON ALL THE COMMITTEES AND WE'VE HEARD FROM THE PEOPLE THEY WANT TO HAVE INPUT AND A TRANSPARENT PROCESS AND IT HASN'T BEEN.
>> IS THIS A LOST CAUSE A DONE DEAL?
>> NO, IT IS NOT A LOST CAUSE.
GOVERNOR J.B. PRITZKER COMMITTED TO THE PEOPLE TO VETO ANY MAP THAT WAS A PARTISAN MAP.
HERE IS IS HIS OPPORTUNITY TO VETO A PARTISAN MAP AND WE HOPE HE IS A MAN OF HIS WORD.
>> WHAT ELSE NEEDS TO GET DONE BEFORE THE END OF THE SESSION?
>> THE REPUBLICANS WOULD LIKE TO SEE A ROBUST ETHICS PACKAGE, ANTICORRUPTION PACKAGE BE PASSED IN SPRINGFIELD THAT IS AN ISSUE AND THE VOTERS CARE ABOUT IT AND WE THINK THERE IS AN OPPORTUNITY TO MAKE PROGRESS HERE.
>> CORRUPTION IN ILLINOIS WHAT ARE YOU TALKING ABOUT?
WHAT HAS TO BE PART OF THAT PACKAGE TO CHANGE THE CULTURE?
>> WE NEED TO MAKE IT EASIER TO INVESTIGATE CORRUPTION.
THERE SHOULD BE THINGS LIKE BANS ON LEGISLATORS TRANSITIONING INTO LOBBYING.
SO THERE IS A LOT OF AREAS WE COULD GO INTO THE FACT OF THE MATTER IS WE HAVE BEEN HERE FOR MONTHS AND WE HAVE NOT MOVED A PACKAGE YET AND IT'S TROUBLING WITH A FEW DAYS LEFT IN SESSION.
>> DO YOU HAVE FAITH THAT SOMETHING IS GOING TO HAPPEN?
CORRUPTION A BIT JESTING BUT CERTAINLY IN THE HEADLINES.
IT IS AN ISSUE THAT THE VOTERS CARE ABOUT IT AND THE FACT THAT THEY ARE NOT MOVING IT FORWARD SHOWS A DISRESPECT TO THE PEOPLE OF ILLINOIS.
LET'S SEE IF WE GET IT DONE.
>> THE BUDGET ONE OF THE CENTRAL ARGUMENTS IS WHETHER WHAT SOME SAY ARE CORPORATE TAX LOOPHOLES WILL BE CLOSED IS THAT WHAT YOU CONSIDER THEM?
AND IF NOT, HOW DO YOU MAKEUP A $1.3 BILLION DEFICIT?
>> RIGHT NOW THE GOVERNOR'S OFFICE IS PLAYING GAMES WITH WHAT A DEFICIT LOOKS LIKE.
THE NUMBERS HAVE BEEN CHANGING ALL YEAR.
WE ARE COMING OUT OF AN ECONOMIC CRISIS.
THE LAST THING WE CAN DO IS RAISE TAXES ON SMALL BUSINESSES.
>> AND WHAT ABOUT ALL THE FEDERAL MONEY THAT ILLINOIS IS GOING TO BE RECEIVING FOR THIS COVID RELIEF HOW DO YOU WANT IT TO BE SPENT.
>> THERE ARE LIMITATIONS I WANT TO SEE THAT MONEY SPENT THAT DOES NOT CREATE NEW PERHAPS.
WE HAVE A FISCAL CRISIS IN ILLINOIS AND HAD ONE FOR YEARS IT IS NOT PANDEMIC DRIVEN WE NEED TO USE THAT MONEY TO STRENGTHEN THE FISCAL CONDITION OF THE STATE NOT CREATE NEW PROGRAMS.
>> AND THANK YOU VERY MUCH.
WE ARE GOING TO GIVE YOU AN OPPORTUNITY TO PASS THE BATON THE MICROPHONE AND BRING IN A DEMOCRAT THAT IS GOING TO BE ONE OF THE LEADERS HERE IN THE HOUSE, AND THAT IS GORDON BOOST AND SHE JOINS US FROM PEORIA.
YOU HEARD WHAT THE SENATOR HAD TO SAY.
THE BUDGET.
WE KNOW WHAT IT'S LIKE TO NOT GET ONE PASSED.
ARE WE GOING TO HAVE A BUDGET IN ILLINOIS IN TIME?
AND WHAT DO YOU BELIEVE WILL BE THE CENTRAL COMPONENTS OF IT.
>> WITHOUT QUESTION WE WILL HAVE A BUDGET THIS YEAR.
THE ONLY TIME WE HAVE NOT HAD A BUDGET WE WERE UNDER THE LEADERSHIP OF THE FORMER GOVERNOR.
I BELIEVE THAT THE BUDGET PRIORITIES THIS YEAR WILL FOCUS ON THE THINGS WE KNOW ARE IMPORTANT TO EVERYDAY ILLINOISIANS.
INSURING THAT WE HAVE AN EDUCATION FORMULA THAT IS PROPERLY FUNDED.
MAKING INVESTMENTS IN COMMUNITIES AND PEOPLE.
IN ILLINOIS OUR BIGGEST ASSET IS OUR PEOPLE SO INVESTING IN THOSE THINGS.
INSURING WE HAVE SOME OF THE STRONG TAX CREDITS THAT CREATE AND SPAWN JOBS AND OPPORTUNITIES IN THE STATE LIKE THE TAX CREDIT HAVING THOSE OPPORTUNITIES THAT ALLOW PRIVATE DOLLARS TO BE LEVERAGED TO BUILD OUT OUR COMMUNITIES IS REALLY IMPORTANT.
>> WHAT ABOUT FILLING THE HOLE THE $1.3 BILLION.
>> I'M GOING BACK TO A BUDGET MEETING STILL TONIGHT.
BUT YOU KNOW YOU'VE BEEN AROUND HERE WE ARE BRINGING THE BUDGET HERE LATE.
ON MONDAY.
>> WHAT IS ON THE AGENDA FOR TONIGHT'S MEETING?
>> HOW WE'RE GOING TO FILL THAT HOLE.
>> ANY IDEAS THERE?
CAN YOU CLUE US IN?
>> YOU KNOW WHAT, A LOT OF THIS BOILS DOWN TO WHAT IS IN THE WILL OF THE LEGISLATURE WHAT CAN WE GET THE VOTE TO SUPPORT.
WE HAVE BEEN HAVING CONVERSATIONS WITH DEMOCRATS AND REPUBLICANS IT WERE CENTERED AROUND THE PRIORITIES OF THIS ENTIRE BODY NOT JUST OUR CAUCUS SO WE ARE BRINGING FORWARD THE BEST PACKAGE.
>> ONE OF THE PRIORITIES FOR REPUBLICANS AND REFORM GROUPS SAY WHERE IS ETHICS HOW IS SOMETHING NOT MOVING ON THAT.
IS THERE GOING TO BE A PLAN AND, AGAIN, WHAT WILL BE IN IT?
BECAUSE THERE IS A LOT OF IDEAS BUT WE DON'T KNOW WHAT COULD PASS MUSTER.
>> SENATOR PLUMBER SPOKE TO IT AND SPEAKER WELCH MADE ETHICS THIS CORNERSTONE IN TERMS HOW HE IS COMMUNICATING TO US ABOUT THE IMPORTANCE OF BRINGING FORTH AN ETHICS PACKAGE THERE WERE MEMBERS OF BOTH CAUCUSES THAT BROUGHT UP SOME OF THE ISSUES THAT THEY HAD WE'RE TALKING ABOUT THINGS IN THE WEEDS AND IT'S IMPORTANT THAT WE GET THE DETAILS RIGHT.
SOME OF THE THINGS THAT HAVE COME UP BEFORE THE PANDEMIC CAME UP IN SOME OF THE ISSUES GAVE CONCERN CENTERED AROUND EQUITY.
BECAUSE ANYTIME WE'RE TALKING ABOUT MAKING CHANGE WE HAVE TO THINK ABOUT THE UNINTENDED CONSEQUENCES AND MAKING SURE WHATEVER WE PASS WE ARE SURE THAT THE UNINTENDED CONSEQUENCES ARE ONES WE HAVE TO LIVE WITH.
>> WE LOOK FORWARD TO HAVING YOU BACK AND SENATOR PLUMBER.
TOSSING IT BACK TO YOU IN THE STUDIO.
>> A LOT TO GET TO IN SEVEN DAYS AND YOU WILL BE DOWN THERE.
UP NEXT, SOCIAL JUSTICE ORGANIZATIONS REFLECT ON THE PAST YEAR.
FIRST WE TAKE A LOOK AT THE WEATHER.
>> NEARLY A YEAR AGO, THE WORLD WATCHED THAT PIVOTAL VIDEO OF GEORGE FLOYD GASPING FOR AIR UNDER THE KNEE OF FORMER POLICE OFFICER DEREK CHAUVIN IN MINNEAPOLIS.
FLOYD'S DEATH SENT A NATION OF PEOPLE IN QUARANTINE OUT INTO THE STREETS IN MASS PROTESTS ACROSS THE COUNTRY.
MAJOR CORPORATIONS ISSUED STATEMENTS IN SUPPORT OF BLIF AND BLACK LIVES MATTER AND POLITICIANS PROMISED A NEW DIRECTION.
SOME ACTIVISTS ARGUE THERE IS MORE WORK TO BE DONE TO REACH SOCIAL JUSTICE FOR BLACK AND BROWN PEOPLE.
"CHICAGO TONIGHT: BLACK VOICES" WE SPOKE FROM MEMBERS FROM THREE SOCIAL JUSTICE ORGANIZATIONS I BEGAN BY ASKING WHETHER THEY SAW INCREASED INTEREST IN ENGAGEMENT ONCE THE PROTESTS BEGAN.
>> I THINK THAT IS THE PAST YEAR, YOU KNOW, HAS FELT LIKE THE WORK WE'VE ALWAYS BEEN DOING WE HAVE BEEN DOING FOR A VERY LONG TIME.
BUT IT FELT LIKE THAT WORK WAS AMPLIFIED.
IT WAS -- THERE WAS A GROUND SWELL OF NOT ONLY ENGAGEMENT BUT WE FELT LIKE PEOPLE'S RAGE.
AND SO THERE WERE LOTS OF NEW FOLKS ENGAGING WITH OUR ORGANIZATION AND ORGANIZATIONS ACROSS THE CITY AND ACROSS THE COUNTRY.
THAT HAVE BEEN STRUGGLING TO GET THIS MESSAGE AROUND POLICE VIOLENCE OUT FOR A LONGTIME.
>> A YEAR LATER WOULD YOU SAY THAT INTEREST IS STILL THERE?
>> YOU KNOW WHAT?
THE REALITY IS WE ARE IN A PANDEMIC.
SO FOLKS ARE AT HOME THEY ARE OFF WORK THEY ARE EXPECTED TO BE SHELTERING IN PLACE AND THEY ARE FACED WITH THIS TRAUMATIC EVENT THERE WAS ABSOLUTELY WAY MORE FOLKS THAN WE HAD EVER SEEN PLUGGING IN RIGHT NOW.
ARE ALL OF THEM THERE?
NO BECAUSE CAPITALISM IS FORCING PEOPLE TO GO BACK TO WORK AND GO BACK TO SCHOOL.
WE UNDERSTAND THAT PEOPLE HAVE LIFE BARRIERS WHERE THEY CAN'T TAKE TO THE STREETS AND SUSTAIN THAT MOVEMENT THAT THERE ARE LOTS MORE FOLK BHOS ARE NOT ONLY ENGAGING IN THE WORK BUT PEOPLE TALKING ABOUT IT.
THERE ARE FOLKS PUTTING PRESSURE ON THEIR ELECTED OFFICIALS TO SHRINK THE FOOTPRINT OF POLICE IN OUR COMMUNITIES.
JUST PROUD OF HOW PEOPLE SHOWED UP AND ARE CONTINUING TO SHOW UP.
>> ASIA, WHAT DO YOU FIND DID YOU FIND THE PROTESTS REVEALED ABOUT YOUR COMMUNITY OF ENGLEWOOD AND ALSO OTHERS IN CHICAGO?
>> YOU KNOW EVERY TIME I THINK ABOUT REALLY I GO BACK TO THE CIVIL UNREST DAYS.
AND YOU UNFORTUNATELY HAD TO WITNESS LOOTING FROM MY PORCH FOR ABOUT 72 HOURS.
SOMETHING THAT I'VE NEVER SEEN IN MY LIFE UP CLOSE.
SOMETHING THAT HIT MY STOMACH LIKE I WAS AT A FUNERAL OF A LOVED ONE.
WHAT I FELT WAS THAT MOMENT SHOWED ME HOW ECONOMICALLY STARVED AND EMPTY OUR COMMUNITY WAS.
I MEAN IT IS A DOLLAR STORE THAT IS THE PRIMARY SOURCE OF LOOTING.
A DOLLAR STORE.
AND SO I THINK FOR ME IT EXPOSED A LOT BUT THAT WAS A MOMENT THAT I SAW THAT I WAS LIKE YOU KNOW, AS TANYA TALKED ABOUT THE CAPITALIST ENVIRONMENT IT WAS TRULY THE CONSUMER IS GETTING BACK AT THE CAPITALISTIC ENVIRONMENT WHO HAVE BEEN ROBBED ECONOMICALLY FOR DECADES AND I JUST SAW THAT BURST OUT INTO THE RAGE WE SAW IN THE STREETS.
>> TODD -- TODD YOU SAY YOUR ORGANIZATION SOCIAL CHANGE YOU HAD A ROLE IN GETTING SOME POLICE REFORMS PASSED.
TELL US ABOUT HB3653, PLEASE.
>> YEAH ABSOLUTELY.
THE EXECUTIVE DIRECTORS MADE THE HISTORY AND THE MOMENT WE ARE IN CLEAR.
WE RESIDE IN AMERICA A PLACE IN OUR FOUNDING DOCUMENTS IS SAYS ALL MEN ARE CREATED EQUAL AND LAND OF THE FREE, WE PLEDGE ALLEGIANCE TO LIBERTY AND JUSTICE FOR ALL BUT AT THE END OF THE DAY THERE ARE MILLIONS OF PEOPLE LIVING IN TERROR NOT BECAUSE OF THE PANDEMIC OR BECAUSE OF HEZBOLLAH OR HAMAS, IN TERROR BECAUSE OF THE PEOPLE WE PAY TO SERVE AND PROTECT US.
THE WORLD WAS ON HOLD.
AND BECAUSE OF THE PANDEMIC, AND THE ENTIRE WORLD WATCHED AS GEORGE FLOYD CRIED OUT FOR HIS MOTHER.
AND I THINK THAT BASIC SEMBLANCE AND CALL OUT FOR OUR BASIC HUMANITY HAS BEEN A CALL THAT WE'VE BEEN USED TO ORGANIZE AND MAY HAVE GOTTEN PEOPLE ON THE FENCE, TO COME TO THE TABLE AND DO SOMETHING BETTER THAN WHAT WE HAVE BEEN DOING.
WE WERE ABLE TO GET LEGISLATION MOVED IN ILLINOIS THAT WAS SIGNED BY THE GOVERNOR THAT WOULD REVOLUTIONIZE HOW TO POLICE CONSIDER WHAT IS A THREAT TO REVOLUTIONIZE HOW POLICE ARE TO CONSIDER HOW TO ENGAGE AND DIGNITY AND PRESERVING LIFE IS THE FOREFRONT.
AND SO ALSO MAKE SURE THAT WHEN PEOPLE ARE TELLING THEIR STORIES, IN THESE VERY CRITICAL AND VULNERABLE MOMENTS THAT POLICE HONESTLY REPRESENT WHAT TOOK PLACE ON PAPER.
THEY DON'T LION POLICE REPORTS SO WE CAN ACCESS TO THE CONDUCT FILES BODY-CAMS AND DUTY OF CARE TO INSURE THEY ARE LOOKING AFTER THE BODY-CAMS AND IF ANYTHING IS TO GO AWRY THEY NOTIFY SOMEONE IMMEDIATELY TO INSTILL TRANSPARENCY AND THE INSTITUTION THAT HAS BEEN KNOWN FOR TERRORIZING COMMUNITIES FOR GENERATIONS.
>> TANYA, HOW DO YOU SUSTAIN THE ENGAGEMENT IN SOCIAL JUSTICE MOVEMENTS A YEAR LATER AND GOING FORWARD?
>> YOU KNOW WHAT?
I THINK THAT WE HAVE TO CONTINUE TO TALK ABOUT THIS IN COMMUNITIES.
IT IS NOT ENOUGH AND IT ACTUALLY WE SHOULDN'T LIVE IN A SOCIETY WHERE WE ARE JUST RESPOND TO TRAUMATIC BLACK DEATHS ON TV OR SOCIAL MEDIA, WE HAVE TO HAVE THESE CONVERSATIONS EVERYDAY.
WE HAVE TO ORGANIZE IN OUR COMMUNITIES.
WE HAVE TO REALLY ENGAGE FOLKS AROUND REIMAGINING SAFETY AND JUSTICE FOR ALL OF US.
I ACTUALLY WANT TO LIVE IN A WORLD WHERE PEOPLE DON'T HAVE TO TURN UP WHEN THE POLICE MURDER A BLACK MAN.
I WANT TO LIVE IN A WORLD WHERE WE DON'T HAVE TO THINK ABOUT POLICE EVER MURDERING A BLACK MAN OR A BLACK WOMAN OR A BROWN YOUNG LITTLE BABY BOY LIKE WE SHOULDN'T HAVE TO CONSIDER THAT THESE ARE EVEN SOCIETAL ISSUES THAT WE HAVE TO FACE.
SO YOU KNOW, HAVING CONVERSATIONS ABOUT BUILDING AND REIMAGINING AND REDELIVERING REAL SAFETY AND JUSTICE IN COMMUNITIES IS KEY RIGHT NOW AND FROM THIS MOMENT ON.
>> AGAIN THAT WAS A PORTION OF A CONVERSATION FROM SUNDAY'S "CHICAGO TONIGHT: BLACK VOICES".
YOU CAN WATCH THAT FULL INTERVIEW ON OUR WEBSITE.
>> AND BE SURE TO JOIN US TOMORROW NOR A "CHICAGO TONIGHT" SPECIAL ON THE ANNIVERSARY OF GEORGE FLOYD'S DEATH.
WE'LL SPEND THE HOUR LOOKING AT POLICING IN CHICAGO WITH COMMUNITY MEMBERS, POLICE OFFICERS AND MORE.
THAT'S TOMORROW AT 7:00 P.M. >> NOW PARIS WE GO BACK TO YOU.
>> THANKS, BRANDIS.
HAS THE BITCOIN BUBBLE BURST?
THE DIGITAL COIN'S VALUE SOARED TO A HIGH OF NEARLY 65,000 PER BITCOIN A MONTH AGO LAST WEEK SAW A ONE-DAY 30% DROP TO 30,000.
THE PAST 24 HOURS HAVE BEEN KINDER FOR BITCOIN WITH THE CURRENCY GAINING THOUSANDS IN VALUE BUT CONCERNS OVER THE VOLATILITY OF THIS NEW FORM OF CURRENCY REMAIN.
AND JOINING US TO PROVIDE HIS ANALYSIS IS JIMMY ODOM, COFOUNDING PARTNERS OF BIT CAPITAL GROUP ONE OF THE FIRST BLOCKCHAIN SECURITY MINING AND MANAGEMENT COMPANIES.
JIMMY ODOM WELCOME TO "CHICAGO TONIGHT" AND EVERY TIME WE TALK ABOUT THIS WE HAVE TO DO THE PRIMER.
REMIND OUR VIEWERS WHAT IS BITCOIN?
IT IS THE MOST FAMOUS CRYPTOCURRENCY AND WHAT IS BLOCKCHAIN?
>> WHAT IS BLOCKCHAIN.
WHAT IS BLOCKCHAIN.
THE SIMPLEST WAY TO THINK ABOUT IT IS THE BLOCKCHAIN IS A GROUPING OF RECEIPTS OF TRANSACTIONS SO THINK GOING TO WALMART YOU HAVE A RECEIPT OF TRANSACTIONS THAT YOU BOUGHT SOMETHING IN EXCHANGE FOR SOMETHING.
A DOLLAR OR SOME MONEY.
AND THEN YOU TIED EVERYONE IN THE WORLD'S RECEIPT FROM WALMART TOGETHER THAT IS A CHAIN OF RECEIPTS.
BLOCKCHAIN IS DOING THAT DIGITALLY.
THAT IS THE SIMPLEST WAY.
THERE IS A GROUPING OF RECEIPTS THAT HAVE BEEN TIED TOGETHER WHAT BITCOIN FOR ME IT'S PHILOSOPHICAL SO I KNOW IT'S NOT GOING TO BE HELPFUL TO THE AUDIENCE.
>> BLOCKCHAIN IT'S THE MOST FAMOUS CRYPTOCURRENCY.
>> IT'S SO MUCH MORE THAN THAT.
>> RECOVERED TODAY IT DROPPED FROM 65,000 AND NOW HOVERING AROUND 38,000.
WHAT WOULD YOU SAY CAUSED THAT PRECIPITOUS DROP IS THIS >> YES, WHAT YOU HAVE IN BITCOIN ARE A FEW FACTORS THAT REALLY IMPACT THE WAY IN WHICH EXTERNAL SYSTEMS VIEW IT.
AND WHAT I MEAN THE VALUE OF BITCOIN IS NOT DERIVED FROM EXTERNAL INDIVIDUALS OR ENTITIES PLACING ASSIGNMENT OF VALUE.
THAT IS THE FIRST THING.
BUT I WOULD SAY THAT A FEW NEW CYCLE EVENTS CAUSED THERE TO BE EXTERNAL PRESSURE AGAINST WHAT PEOPLE SAW THE VALUE OF THE FUTURE OF BITCOIN.
LIKE THERE WERE A LOT OF IF YOU HAD IN THE INDUSTRY, FEAR, UNCERTAINTY AND DOUBT.
THERE WAS A LOT OF FUD TOSSED AROUND CHINA CRACKING DOWN ON BITCOIN MININGS.
60% OF THE WORLD'S HASH RATE IS IN CHINA.
AND SO IF CHINA WAS GOING TO THEN TAKE EFFORT TO LOCKDOWN MINERS THAT COULD HAVE AN IMPACT ON THE WAY IN WHICH.
>> CHINA IS BASICALLY, HEAVILY RESTRICTING THE USE OF BITCOIN AND BLOCKCHAIN MINING, CORRECT?
>> THAT IS I'M SENSITIVE TO ANSWER THAT IN THE AFFIRMATIVE OR THE DENIAL.
AND REASON BEING IS A LOT MORE NUANCED THAN THAT.
I WOULD SAY PROBABLY HAPPENING IS CHINA IS BEGINNING TO TAKE THE STAGE TO DEPLOY THEIR DIGITAL WANT.
THE DIGITAL JUAN IS GOING TO AND WHAT BITCOIN IS I WOULD THINK FROM CHINA'S VIEWPOINT WITH A TESTING GROUND TO SEE WHAT COULD BE DONE WITH A DIGITAL CURRENCY.
AND NOW THAT THEY HAVE A TON OF MARKET DATA OR BETA DATA NOW THEY ARE SAYING THE DIGITAL WAN IS READY AND NOW WE WANT TO REDUCE THE COMPETITION.
>> SO THEY MIGHT HAVE THEIR OWN CRYPTOCURRENCY THAT THEY WANT TO CONTROL.
>> HOLD ON THERE IS NO MIC.
THEY DO IT'S ALREADY BEING PILOTED IN PROVINCES IN CHINA THIS IS A REAL THING.
>> AND WHAT ABOUT THE ENVIRONMENTAL FOOTPRINT THAT WAS THE CASE THAT ELON MUSK MADE FOR PULLING BACK ON BITCOIN THAT MINING BITCOIN IS GOING TO HAVE A ENVIRONMENTAL FOOTPRINT.
REMIND US WHY?
>> WELL, I THINK THAT IT'S DISINGENUOUS SOMEONE LIKE ELON TO SPEAK OUT IN THAT MANNER AGAINST THIS INDUSTRY IN THIS WAY.
PARTICULARLY BECAUSE HE AND HIS ABOUT BUSINESS ARE SURROUNDING THEMSELVES AROUND GOVERNMENT SUBSIDIES.
SO THE LEVY AGAINST THE CARBON FOOTPRINT OR CARBON TAX AGAINST ANYONE THAT IS TESLA IT'S CLEAR FOR ANYONE THAT IS UNDERSTANDING THE VALUE OF WHAT HE IS SAYING.
BUT IF WE'RE GOING TO ASSESS THE ENERGY CONSUMPTION OF A NETWORK IT'S IMPORTANT AND PROBABLY FAIR TO ANALYZE THE FOOTPRINT OF EVERY INDUSTRY WHETHER IT BE VISA, MASTER CARD, WHAT ABOUT REFRIGERATORS THAT ARE CONSUMING MORE DORMANT ENERGY THAN ANY OTHER INDUSTRY OR SECTOR THAT BITCOIN COULD CREATE.
YOU'VE GOT TO BE CONSCIENTIOUS WHAT THEY ARE SAYING AND WHAT THEIR INCENTIVES ARE.
AND THE BEAUTIFUL THING ABOUT BITCOIN ALL INCENTIVES ARE LAID BEFORE THE NETWORK.
FOR THOSE SPEAKING BITCOIN IS CONSUMING X AMOUNT OF ENERGY, IS THAT THE MOST EGREGIOUS CONSUMETER, NO?
IT'S OTHER INDUSTRIES THAT WE COULD TAP FIRST TO HAVE THAT CONVERSATION.
IT'S DISINGENUOUS FOR ANYONE TO TALK ABOUT THE EVENING LOGICAL IMPACT OF BITCOIN IT IS NOT A FAIR STATEMENT AND IT'S CLEARLY THEY HAVE INCENTIVES TO DO SO >> A LOT OF FOLKS DO RAISE CONCERNS ABOUT THAT ASPECT OF BITCOIN.
LET ME ASK YOU THEN, THIS DIP, ARE YOU NOT CONCERNED ABOUT THIS FOR THE LONG RUN?
ARE YOU STILL BULLISH ON INVESTING IN BITCOIN?
>> NOT AT ALL.
EVERYTHING THAT I OWN IS IN THIS INDUSTRY.
MY ACCESS TO MY BUSINESS IS.
I DON'T OWN A HOME BUT I OWN MINING FARMS.
I OWN THE FACILITY WHERE THEY OPERATE AND THAT IS JUST GIVING YOU CONTEXT.
THE WAY THAT I AND MANY IN MY INDUSTRY SEE THIS IS WE ARE NOT MEASURING THE SUCCESS OF BITCOIN AGAINST THE DOLLAR OR THE WAN.
WE DON'T MEASURE THAT IT'S THE NETWORK USAGE YOU CAN ONLY USE BITCOIN TO FACILITATE TRANSACTIONS WITHIN BITCOIN.
IF I WERE TO TELL YOU THAT BITCOIN IS THE LARGEST SUPER COMPUTER ON THE PLANET, YOU PROBABLY WOULD HAVE NO CLUE WHAT I WOULD BE DISCUSSING THAT THAT IS THE TRUTH A FACT.
SO IF I WANTED TO USE THE GLOBAL COMPUTER THE LARGEST SUPER COMPUTER ON EARTH I WOULD HAVE TO USE THE LANGUAGE IN WHICH THAT COMPUTER OPERATES THAT WOULD BE BITCOIN.
WHAT IS THAT WORTH?
WHAT IS THE VALUE?
IT'S NOT TO U.S.
DOLLARS IT HAS A SEGMENTRY VALUE.
JIMMY ODOM WE HAVE TO HAVE YOU ON AGAIN.
THANK YOU FOR JOINING US.
>> THANK YOU FOR HAVING ME.
>> AND THAT IS OUR SHOW FOR THIS MONDAY.
JOIN US TOMORROW NIGHT LIVE AT 7:00 P.M. ONE HOUR "CHICAGO TONIGHT" SPECIAL ON THE ANNIVERSARY OF GEORGE FLOYD'S KILLING.
WE TAKE A LOOK AT POLICING IN CHICAGO WITH COMMUNITY MEMBERS, POLICE OFFICERS AND MORE.
>> AND YOU CAN JOIN ME IN A FEW MINUTES FOR OUR SPECIAL "CHICAGO TONIGHT" VOICES COMMUNITY CONVERSATION.
WE'RE TALKING WITH COMMUNITY AND THOUGHT LEADERS ABOUT THE IMPACT OF DPLOID'S DEATH LOCALLY AND NATIONALLY.
THAT IS TONIGHT AT 8:00 P.M. VISIT WTTW.COM/NEWS TO RSVP.
FOR ALL OF US HERE AT "CHICAGO TONIGHT" I'M BRANDIS FRIEDMAN.
>> I'M PARIS SCHUTZ.
THANK YOU SO MUCH FOR WATCHING.
STAY HEALTHY AND SAFE AND WE'LL SEE YOU TOMORROW.
[♪♪♪]
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