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Chicago Approves 19% Hotel Tax To Fund Tourism Push
Chicago Approves 19% Hotel Tax To Fund Tourism Push
The Chicago City Council has approved a plan to boost tourism marketing by raising hotel taxes. Under Ordinance 2026-0022544, the total tax rate on hotel rooms will increase from 17.5% to 19% in downtown and nearby areas, according to Fox News.
The higher rate will apply to hotels with more than 100 rooms that choose to participate.
The report says that alongside the tax increase, the council created a Tourism Improvement District (TID) to fund Choose Chicago, the city’s tourism marketing organization. Revenue...
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Mar 5, 2026 / Dave DeCamp
Pentagon in Talks on Buying Ukrainian-Made Interceptors To Counter Iranian Drones
The Pentagon is in talks on purchasing Ukrainian-made interceptors to counter Iranian drones, the Financial Times has reported, as senior US officials have told Congress that US forces in the Middle East are having more trouble intercepting Iran’s drones than expected. The report said that at least one Gulf country was also in talks on […]
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Mar 19, 2026 / Tyler Durden
US New Home Sales Collapse By Most In 13 Years In January
US New Home Sales Collapse By Most In 13 Years In January
Despite falling mortgage rates, analysts expected December's drop in new home sales to accelerate in January... and accelerate they did... crashing a stunning 17.6% MoM (-2.7% MoM exp) - the biggest MoM drop since July 2013.
This huge MoM drop dragged sales down 11.3% YoY - the worst slide in three years...
Source: Bloomberg
This huge drop dragged the new home sales SAAR down to its lowest since 2022, catching down to existing and pending sales...
Inventories are up (Houses for sale...
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Feb 11, 2026 / John W. And Nisha Whitehead
The Politics of Hate: Weaponized Discord Is the Deep State’s Most Effective Tool
“Love your enemies.”— Jesus Christ “I hate my opponent and I don’t want the best for them.”—President Trump This country was built on the radical idea that government exists to serve the people—not to control them, monitor them, manage them, or rule over them. That idea is being systematically dismantled by a Deep State determined to […]
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