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FORGOTTEN HISTORY: 9 - The Untold Story

The biggest losers in the US midterm elections? Republican mega-donors

Donors like Peter Thiel poured millions into candidates that no amount of money could sell to voters while Mehmet Oz self-funded a failed run

The Guardian - US

Campaigners call for Havelock House in Belfast to be used as a space for artists

The current proposal for the former home of UTV is demolition to make way for residential apartments

Belfast Live

Ken Griffin warns U.S. faces ‘immediate Great Depression’ if China seizes Taiwan’s semiconductor industry

The Citadel CEO worries U.S. restrictions on selling advanced computer chips to China could make invading Taiwan more tempting to Beijing.

Fortune

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New state Senate GOP leader welcomes billionaires’ bucks but warns party must ‘diversify our fundraising’

“We have to broaden that appeal because we’re getting heavily outspent in all our races all across the state,” new state Senate Minority Leader John Curran said.

Chicago Sun-Times

Pausing interest rate hikes would be the Fed’s ‘worst mistake,’ Citadel’s Griffin says

Despite recession fears and inflation seemingly receding, Griffin says the Federal Reserve should stay the course with interest rate hikes.

Fortune

FTX implosion could shake Gen Z investor confidence in financial markets altogether, warns Ken Griffin

Trust in all financial markets could be rocked, says the founder of the Citadel hedge fund.

Fortune

Illinois GOP fundraising base has badly eroded over the years

It’s either jump into the far-right political bed with billionaire Richard Uihlein, or deal with the GOP’s stark fiscal reality and scramble every day to raise a few bucks here and there.

Chicago Sun-Times

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Trump's new torments: Midterms dent invincibility

"Trump’s invincible … until he’s suddenly not," a former senior Trump administration official said.

Axios

Illinois Gov. J.B. Pritzker’s victory speech spurs presidential speculation

CHICAGO — When Democratic Gov. J.B. Pritzker claimed victory Tuesday night over a vanquished Republican Darren Bailey for a second term as Illinois governor, he also presented himself as a possible 2024 candidate for the White House if President Joe Biden opts not to seek a second term.

Chicago Tribune

Illinois Gov. JB Pritzker campaign declares victory over GOP challenger Darren Bailey

CHICAGO — Wealthy progressive Democrat J.B. Pritzker was elected to a second term as Illinois governor Tuesday, overwhelming the rural and religious-based conservative candidacy of state Sen. Darren Bailey.

Chicago Tribune

Expect the Trump-DeSantis animosity to evolve into open warfare after midterms

Analysis: Polls show DeSantis positioned to win re-election on Tuesday but political opponents say his focus is locked on a White House run

The Guardian - US

Republican mega-donor says it’s time to ‘move on’ from Trump

‘For a litany of reasons, I think it’s time to move on to the next generation,’ Citadel hedge fund manager Ken Griffin says

The Independent UK

Ken Griffin, GOP megadonor, throws support behind Ron DeSantis for 2024

Griffin previously ruled out supporting Trump for another presidential bid.

Axios

Billionaire Gov. Pritzker uses trust to skirt contribution limits in Illinois Supreme Court races

CHICAGO — Democratic Gov. J.B. Pritzker is using his personal trust fund to circumvent contribution limits in two races that will determine whether his party maintains its 4-3 majority on the Illinois Supreme Court.

Chicago Tribune

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Benzinga

Is The Market Volatile? Ken Griffin's Citadel Reportedly Registered Double Digit Returns Across All 4 Funds

In a year marked by extreme volatility, all four funds of Ken Griffin’s Citadel have reportedly generated double-digit returns.

Los Angeles Times

Ken Griffin buys Miami compound for $106.9 million, a new record

Hedge-fund billionaire Ken Griffin has shattered the Miami price record, shelling out $106.875 million for a waterfront estate.

Chicago Sun-Times

Darren Bailey struggling to win over former Richard Irvin supporters in governor’s race

Ken Griffin said he was “all in” to beat Gov. J.B. Pritzker, but after Griffin’s chosen candidate Richard Irvin lost the GOP primary, the hedge-fund billionaire is out. And Republican nominee Darren Bailey is struggling to win over others who supported his vanquished rival, WBEZ and the Chicago…

Chicago Sun-Times

Proposed ordinance would resurrect idea of publicly funded Chicago elections

Ald. Matt Martin’s proposal calls for providing a 6-to-1 public match — up to $3.6 million for mayoral candidates, $180,000 for candidates for city clerk and city treasurer and $150,000 for City Council candidates.

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The Guardian - US

‘It was opportunistic in the best sense’: how the US constitution inspired an exhibition

After a frenzied auction, a rare first printing of the US constitution was lent to a museum in Arkansas where it’s led to an exhibition on democracy

Manchester Evening News

Group owned by billionaire who funded failed Chelsea takeover bid buys Boohoo shares

Ken Griffin has one of the richest men in the world

Birmingham Post

Group owned by one of the world's richest men snaps up Boohoo shares

Ken Griffin has an estimated net worth of £21bn

Chicago Sun-Times

‘Value’ proposition: Ex-CEO on how Chicago can woo new jobs

In light of employers moving in and out of Chicago, Harry Kraemer Jr. weighs in on what’s important to corporate leaders and how the city’s boosters can appeal to them.

Chicago Sun-Times

Griffin blows nearly $418 per vote for Irvin’s doomed campaign for governor — worst political investment in Illinois history

Richard Uihlein, another billionaire GOP megadonor, saw much better returns for his buy-in to state Sen. Darren Bailey’s winning campaign, at a rate of about $38 per vote.

Chicago Sun-Times

Afternoon Edition: June 29, 2022

Today’s update is a 5-minute read that will brief you on the day’s biggest stories.

Chicago Sun-Times

Whiffin’ with Griffin? Departing hedge-fund billionaire 0 for 4 in Tuesday’s contested GOP primary races

It’s unclear if Griffin will continue his heavy spending in Illinois politics after he and his Citadel hedge fund have packed up and left for Miami. But what was obvious was that his latest big bet on elections in this state was a big failure, up and down the ballot.

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