The Tribune's Quotes of the Week quiz for June 28
Well, that's just about a wrap on June. But before you set your sights on the upcoming holiday weekend, let's catch up on what happened this week.
On Saturday, President Donald Trump made the controversial decision to bomb three key nuclear sites in Iran. Days later, Israel and Iran, who were engaged in an armed conflict since June 13, agreed upon a ceasefire, and Trump said U.S. and Iranian officials will talk next week. As fears of the conflict evolving into a broader war appeared to subside, the stock market made significant gains, closing out the week at all-time highs.
In other news from around the globe, U.S. officials attended the NATO summit this week where member nations agreed to increase their defense spending, democratic socialist and state lawmaker Zohran Mamdami declared victory over former Gov. Andrew Cuomo in New York City's Democratic mayoral primary race and the Supreme Court issued a slew of opinions, covering everything from immigration and education to pornography and injunction powers.
Locally, Gov. JB Pritzker officially announced his bid for reelection this week, amid speculation that he may run for president in 2028. Universal unveiled its plans for a horror-themed attraction in Chicago, a 'year-round immersive horror experience' that is slated to open in 2027. And the Chicago Police Department honored one of their own this week. Officers, loved ones and city leaders gathered for the funeral of Krystal Rivera, the Chicago police officer mistakenly shot and killed by her partner earlier this month.
On Thursday, new Chicago Public Schools Interim CEO Macquline King addressed her first school board meeting, citing the district's $730 million deficit as her top priority. By Friday, CPS laid off 161 employees and eliminated another 209 open positions in a cost-cutting move to plug that shortfall.
The Oklahoma City Thunder beat the Indiana Pacers in Game 7 of the finals Sunday night to win the NBA championship. Three days later, the NBA draft opened. Cooper Flagg was picked first overall and the Bulls drafted two new players: Noa Essengue, a 6-foot-10 French teenager, and Australian forward Lachlan Olbrich. Plus, the first round of the NHL draft took place Friday, with the Chicago Blackhawks selecting the top-ranked international player with the No. 3 pick.
Meanwhile, in the world of baseball, both of Chicago's MLB teams reached the halfway point of their seasons — though the Cubs boast the significantly better record of the two. Also this week, a White Sox fan was ejected from Rate Field and banned from all major-league ballparks after heckling Arizona Diamondbacks second baseman Ketel Marte.
Still figuring out your weekend plans? Chicago's 54th annual Pride Parade kicks off at 11 a.m. Sunday in the Lakeview neighborhood. Or if you're staying in, catch up on 'The Bear' — Season 4 of the beloved Chicago-based TV show dropped Wednesday.
With the Fourth of July holiday next weekend, the quotes team will be taking a week off. But don't fear! We'll be back July 12 with your weekly news roundup and quotes quiz. Until then, take care and stay cool out there, Chicago!
Here's the Tribune's Quotes of the Week quiz for June 22 to 28. Missed last week? You can find it here or check out our past editions of Quotes of the Week.
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UPI
8 minutes ago
- UPI
G-7 agrees to exclude U.S. companies from 15% minimum tax
Leaders of the G-7 nations pose for a photo in Kananaskis, Alberta, Canada, on Monday: (from left) Japanese Prime Minister Shigeru Ishiba, Italian Prime Minister Giorgia Meloni, French President Emmanuel Macron, Canadian Prime Minister Mark Carney, U.S. President Donald Trump, British Prime Minister Keir Starmer and German Chancellor Friedrich Merz. The G-7 announced the U.S. would be excluded from the 15% minimum tax on American companies. Photo via G7/UPI | License Photo June 29 (UPI) -- Group of Seven nations agreed to exempt U.S. companies from a 15% minimum corporate tax rate, the countries said in a joint statement. The nonbinding deal was announced Saturday but still requires approval from the 38-member Organization for Economic Co-operation and Development that established the 2021 agreement on taxing companies. G-7 nations are part of the OECED. U.S. Treasury Secretary Scott Bessent had proposed a "side-by-side solution" for American-headquartered companies that would be exempt from the Income Inclusion Rule and Undertaxed Profits Rule "in recognition of the existing U.S. minimum tax rules to which they are subject." The massive spending bill now being considered in Congress originally included a "revenge tax" that would have imposed a levy of up to 20% on investments from countries that taxed U.S. companies. "I have asked the Senate and House to remove the Section 899 protective measure from consideration in the One, Big, Beautiful Bill," Bessent wrote in a multi-post thread on X on Thursday. The House has approved the massive legislation and the Senate is considering it. "It is an honorable compromise as it spares us from the automatic retaliations of Section 899 of the Big, Beautiful Bill," Italian Finance Minister Giancarlo Giorgetti told local media. "We are not claiming victory, but we obtained some concessions as the U.S. pledged to engage in OECD negotiations on fair taxation," an unnamed French official told Politico Europe. The official called the "revenge tax" a potentially "huge burden for French companies." Trump has criticized this provision because he said it would limit sovereignty and send U.S. tax revenues to other countries. "The Trump administration remains vigilant against all discriminatory and extraterritorial foreign taxes applied against Americans," Bessent wrote Thursday. Trump has imposed a July 9 deadline for U.S. trading partners to lower taxes on foreign goods, threatening high duties on the worst offenders, including 50% on goods from the 27 European Union members. In April, a baseline tariff was imposed on most U.S. trading partners, with higher rates on certain companies and products. In 2021, nearly 140 countries agreed to tax multinational companies at the 15% minimum, regardless of where they were headquartered. In late April, the European Union, Britain, Japan and Canada agreed to exempt the United States from the 15% minimum tax on companies. "Delivery of a side-by-side system will facilitate further progress to stabilize the international tax system, including a constructive dialogue on the taxation of the digital economy and on preserving the tax sovereignty of all countries," the joint statement read. The agreement, according to the statement, would ensure that any substantial risks identified "with respect to the level playing field, or risks of base erosion and profit shifting, are addressed to preserve the common policy objectives of the side-by-side system." The G-7 includes Britain, France, Germany, Italy in Europe, as well as Canada, Japan and U.S. Before 2014, the group was known as the G-8 until Russia was expelled after annexing the Crimea region of Ukraine. The chairs of the House and Senate committees responsible for tax policy cheered the agreement. "We applaud President Trump and his team for protecting the interests of American workers and businesses after years of congressional Republicans sounding the alarm on the Biden Administration's unilateral global tax surrender under Pillar 2," Idaho Sen. Mike Crapo, chair of the Senate Finance Committee, and Missouri Rep. Jason Smith, chair of the House Ways and Means Committee, said in a press release. The agreement also, however, has its critics. "The U.S. is trying to exempt itself by arm-twisting others, which would make the tax deal entirely useless," Markus Meinzer, director of policy at the Tax Justice Network, told Politico Europe. "A ship with a U.S.-sized hole in its hull won't float."
New York Post
9 minutes ago
- New York Post
Trump says Republicans could miss July 4 deadline to pass ‘big beautiful' spending bill
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Politico
12 minutes ago
- Politico
Trump continues to project optimism that strikes on Iran ‘obliterated' its nuclear program
President Donald Trump is insisting that his strikes on Iran last week left the country's nuclear program 'obliterated like nobody's ever seen before,' even as the United Nations nuclear watchdog says Tehran could resume uranium enrichment 'in a matter of months.' Trump told Fox News host Maria Bartiromo he doesn't think the satellite images of trucks at two of the nuclear sites later hit by American pilots mean the country smuggled out much of its enriched uranium. 'No, I think,' he told Bartiromo in a pre-recorded interview that aired on 'Sunday Morning Futures.' 'First of all, it's very hard to do, it's very dangerous to do. It's very heavy, very very heavy. It's a very hard thing to do. Plus, we didn't give them much notice because they didn't know we were coming until just, you know, then. And nobody thought we'd go after that site because everybody said that site is impenetrable.' The White House has continued to promote its attacks on Iran's nuclear program as a complete victory. But the administration has not been able to provide convincing evidence, as experts caution that a definitive assessment on the strikes' impact could take weeks or even longer. In an interview that aired Sunday on CBS' 'Face the Nation,' the head of the International Atomic Energy Agency said the damage to Iranian facilities wrought by the attacks was 'not total.' And without clarification about the whereabouts of the enriched uranium, 'this will continue to be hanging, you know, over our heads as a potential problem,' he said. But the president is projecting confidence. 'You know what they moved? Themselves,' Trump told Bartiromo. 'They were all trying to live. They didn't move anything. They didn't think it was going to be actually doable, what we did.' And Trump doesn't think Iran has any incentive to rebuild its beleaguered nuclear program as the country contemplates its future following a damaging war with Israel and a tentative ceasefire. 'The last thing they want to do right now is think about nuclear,' he said. 'They have to put themselves back into condition, in shape.' Sen. Lindsey Graham (R-S.C.) has long supported aggressive American action against Iran. But though he called the strikes on Iran 'a tremendous military success,' he said Sunday it was 'too early to tell' if Iran would ultimately abandon its ambitions to become a nuclear power. 'The question for the world: Does the regime still desire to make a nuclear weapon? The answer is yes. Do they still desire to destroy Israel and come after us? The answer is yes,' he said on ABC's 'This Week.'
