Story | Nov 26, 2014 | 8:56 PM
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Story | Nov 12, 2013 | 8:55 AM“Fantasy sports” are hugely popular, but when fans “draft” players for their teams, they “own” only the players' statistics. Recently, Wall Street and Silicon Valley entrepreneurs created Fantex Holdings, which will allow investors to buy actual pieces of real players — namely, rights to 20 percent of the player's lifetime earnings (including licensing and product endorsement deals). The firm told The New York Times in October that it will soon stage an “IPO” for budding NFL star Arian Foster and hopes to sign up many more athletes, plus singers and actors similarly early in their careers. (On the other hand, Fantex's lawyers drew up a 37-page list of potential investment risks, such as injuries, slumps and scandals — and the fact that the stock will trade only on Fantex's private exchange.)
Story | Nov 26, 2014 | 5:02 PM
Story | Nov 26, 2014 | 7:28 AM
This Thanksgiving I feel especially grateful. The presence of Archbishop Blase Cupich gives many Chicago Catholics new hope. We pray that he will reach out and draw us back together. Although we grew up memorizing the Baltimore Catechism, most...
Story | Nov 25, 2014 | 10:28 AM
Sri Lanka's Catholic Church has urged the government not to use a forthcoming visit by Pope Francis to help its re-election campaign after media reported posters had appeared depicting the pontiff blessing President Mahinda Rajapaksa. Rajapaksa is...