_Tuesday Nov 22, 2011 the Bureau of Labor Statistics (BLS) released their October 2011 Regional and State Employment and Unemployment report (the October statistics are preliminary). A generally positive trend across the country in increased employment was found.

However, the report is mixed with increased job creation and increased unemployment rates based on the U-3 definition of unemployment (seeking a job in the last four weeks).

From September to October the nonfarm payroll employment increased in 39 states and the District of Columbia. Employment decreased in 11 states.

New York lost 8,300 nonfarm payroll jobs in October, making it one of the top three states for job loss in October 2011. The other states included WI with -9,700 and MN -6,100.

The leading states for job creation in October 2011 were IL with 30,000 new jobs, CA with 25,700 and VA with 14,000 new jobs.

From a year earlier, nonfarm payroll employment increased in 45 states and the District of Columbia. Employment decreased in 5 states. CA led the direction with 239,100 new jobs created over the past year followed by TX with 231,600 and FL with 93,900 new jobs created. GA had the largest decrease of employment with 33,300 jobs lost over the past year.

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The Chicago Council on Global Affairs and the The CME Group Present:

Second Annual CME Group Lecture on Global Financial Markets: Building a Financial System for the Future with Dr. Robert Shiller

Over the last few years, the financial sector has experienced its worst crisis since the 1930s. The collapse of major firms, the decline in asset values, the interruption of credit flows, and the loss of confidence in the market were all extraordinary in scale and scope.

New regulations—most notably the Dodd-Frank Act and the Basel III rules—endeavor to prevent future financial meltdowns.

Simply reigning in Wall Street, however, is not sufficient according to Robert Shiller. He believes that with the benefit of recent lessons and improved knowledge of human behavior, a new financial order can be developed in which information technology and financial theory unlock the latent value of our ordinary riches and create growth. 

A discussion of whether increased regulation and financial innovation can coexist as we build a new globalized financial system.

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PRMIA NY

Presents:

Sovereign Risk - Global Risk Flashpoint

Sovereign risk, especially in the Eurozone, has risen as the world has "flattened" and has become a flashpoint for increased global systemic risk. 

Topics Include

• Causes
• Consequent symptoms
• Proposed resolutions from a risk management perspective

Presenters  

Sean Egan:Founding Principal,  Egan-Jones Rating Company
Konrad Richter: Senior Expert, Risk Managment,  McKinsey & Co
Sanjay Sharma: Chief Risk Officer, Global Arbitrage & Trading,  RBC Capital Markets
James Sweeney: Fixed Income Global Strategist,  Credit-Suisse

Moderator

 Navin Sharma: PRMIA NY Co-Director,  Risk Management Head, New York Office,  Western Asset Management


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_Tuesday Nov 22, 2011 the Bureau of Labor Statistics (BLS) released their October 2011 Regional and State Employment and Unemployment report (the Oct statistics are preliminary). In reading the report, a generally positive trend across the country of increased employment was found. However, the report is mixed with increased job creation and increased unemployment rates based on the U-3 definition of unemployment (seeking a job in the last four weeks).

From September to October the nonfarm payroll employment increased in 39 states and the District of Columbia. Employment decreased in 11 states.

IL led the nation in October with an increase of 30,000 new jobs from September followed by CA with 25,700 new jobs and VA with 14,000 new jobs.

The largest states for month-over moth decreases of nonfarm payroll employment included WI with -9,700, NY -8,300 and MN -6,100.

From a year earlier, nonfarm payroll employment increased in 45 states and the District of Columbia. Employment decreased in 5 states. CA led the direction with 239,100 new jobs created over the past year followed by TX with 231,600 and FL with 93,900 new jobs created. GA had the largest decrease of employment with 33,300 jobs lost over the past year.

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_The Chicago Council on Global Affairs
Presents:
Harnessing the Power of Biomass Energy in the Midwest

The report, “Harnessing the Power of Biomass Residuals: Opportunities and Challenges for Midwestern Renewable Energy,” examines opportunities and the key challenges limiting the current capacity of alternative biomass energy technologies, including financial constraints, market penetration barriers, and behavioral routines. It concludes with a series of recommendations that offer a framework for making better use of residuals in the region.

This half-day symposium will bring together business, civic, and government leaders from around the Midwest to discuss with Steve Brick, the report’s author, his research and findings.

The symposium will also feature panels of experts who will explore the relationship between renewable biomass energy and economic development, environmental conservation, waste management, energy security, and soil productivity, and examine the future of biomass energy policy at the state, regional, and national levels.

Date: Nov 29th

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The Mankoff Company Presents:

After the Bell Trading Forum Chicago

Opportunities and Challenges in Trading Across Asset Classes: Algo, HFT and Big Data

In Today’s ultra-competitive environment, it is critical to keep abreast of the latest developments in technology, regulations and cross- market opportunities.

Common industry questions include:

What do I need to have in place to start up a prop trading firm successfully?

What is the latest and greatest when it comes to the high frequency space?

Which asset class will provide the greatest growth opportunities?

What type of algorithm will I need? And how will I handle the data needs of my company?

How are new regulations going to impact us?

The After the Bell panel discussions incorporate the "top-of-mind" issues for the trade. Held after trading hours so as not to take time away from the desk, these events offer a unique combination of topical discussion and industry networking.

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Loyola University Chicago, School of Business Administration and PRMIA Chicago

Present:

"Economic Policy at a Crossroads:  What Next?"

A group of distinguished academics and practitioners will share their views and answer your questions on economic policy.  

Welcome
Don Schwartz - Director of the Center for Integrated Risk Management and Corporate Governance

Introduction
George Kaufman - is the John F. Smith Professor of Finance and Economics at Loyola University. He has also served at the Federal Reserve Bank of Chicago.


Presentations
Daniel G. Sullivan- Daniel Sullivan is the director of research and an executive vice president at the Federal Reserve Bank of Chicago.
Robert S. Chirinko- is a professor of finance at the University of Illinois at Chicago and a research fellow at the Center for Economic Studies in Munich, Germany.


Commentary
Michael H. Moskow - is the Vice Chairman and Senior Fellow at the Chicago Council on Global Affairs. From 1994-2007, he served as President and Chief Executive Officer of the Federal Reserve Bank of Chicago.

John E. Silvia - is chief economist for Wells Fargo Securities. Prior to joining Wells Fargo, he served as senior economist for the U.S. Senate Joint Economic Committee and chief economist for the U.S. Senate Banking, Housing and Urban Affairs Committee.

A.G. (Tassos) Malliaris - is the Walter F. Mullady Professor of Economics and Finance at Loyola University Chicago, where he specializes in financial economics, derivative markets and risk management. His most recent research has been on asset price bubbles

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Bloomberg L.P. Presents:

The Bloomberg Hedge Funds Summit

The Bloomberg Hedge Fund Summit will convene hedge fund managers and investors in New York City. The program will cover the impact of the European debt crisis on the global markets, break down the fundamentals driving volatility in the equity markets, and look at how investors can scratch beyond the veneer when investing in China.

The summit will look at the future of Hedge Funds in a regulatory environment where some of the biggest managers are closing their funds and what the election year ahead will mean for Wall Street.

Date:  Dec 1st, 2011

Some of the topics include:
Outlook for the Global Markets
The Unraveling of Europe
Equity Volatility, Tail Risk and Quant Strategy
Alternative Asset Classes and Structured Products
Preparing for Black Swans and the Thesis for Chasing Alpha

For more information click here

On November 9th State Representative Kelly Cassidy of the 14th district (Edgewater, Andersonville and Rogers Park) announced an invitation to the community to join her Community Advisory Committee on Economic Development.

“Hearing ideas and insights from community members allows me to make better decisions in Springfield” Cassidy said.

The citizens of the 14th district will propose ideas to stimulate growth in local neighborhoods.

The Community Advisory Committee on Economic Development will also nominate an annual “Good Neighbor” Business of the Year Award to recognize businesses in the area “that go above and beyond to improve our community” said Cassidy. Anyone is welcome to nominate a business they believe is a “Good Neighbor”.

Meetings are held on a quarterly basis:

Date: Monday Nov 14th, 2011
For more information click here