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Lets Make Lots of Money

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The Hideout during election week

The Hideout

(This is a story I wrote last April for my in-depth reporting class.  It’s about the music scene in Chicago and the controversial Event Promoters Ordinance which has been tossed around for a few years…)

Last weekend I overheard a conversation in the smoking tent at the bar I work at.  A group of regulars were talking about forming a band.  The most enthusiastic of them, a well-groomed, twenty-something blonde guy, suddenly yelled out in a fit of passion: “Chicago has an incredible music scene that just isn’t happening!”

This got me thinking.  Back in 2006, I spent six months traveling around the UK and Europe.  During my trip, I spent a good deal of my time seeking out good local music.  I was generally disappointed by what I didn’t find.  Although I did see some great bands in London and Liverpool, I found a lot of the music mediocre, unoriginal, and drab.  England and Ireland seemed to be tripping over themselves musically and Europe was just way too into techno for my tastes.  I finished my trip with an invigorated appreciation of Chicago. 

Often, when I tell people I think Chicago is the best music city I’ve been to, they are surprised.  Most people, especially people who don’t live in Chicago, have no idea what’s going on here musically.  And, after minimal Internet research, I understand why.  To say that Chicago has an amazing music scene might not be entirely accurate. Chicago has an amazing UNDERGROUND music scene.  And if you aren’t already part of it, it can be difficult to access. The Chicago music scene has a ton of potential, but is underrated and often ignored.

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The Dow Jones vs. the Art Market: How our Suffering Economy is Affecting Art Sales

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The you-know-what has hit the fan, and there is a big mess to clean up.  

Since the beginning of September, the Dow Jones has dropped more than 800 points in just four days, Lehman Brothers became the world’s largest bankruptcy ever, and the US government bailed out AIG. 

 In London, in June 2007, An unnamed investment group agreed to pay the White Cube Gallery $100 million cash for Damien Hirst’s platinum-cast and diamond-covered human skull, “For the Love of God.” Last May, a Lucian Freud painting sold for 33.7 million dollars, breaking the record for the most expensive single work by a living artist sold at auction. And just over a week ago, Hirst again set a new record after a two-day sale of his work fetched about $198 million at Sotheby’s.  This is ten times the previous single-artist record, set in 1993 by Picasso.  Hirst said the results of the sale showed “the market is bigger than anyone knows… I love art, and this proves I’m not alone and the future looks great for everyone.”

            The art market doesn’t seem to be hurting. Why?

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Written by Kelly Reaves

September 25, 2008 at 6:38 am