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Afternoon Briefing: Egg prices leave restaurants and bakeries scrambling

Afternoon Briefing: Egg prices leave restaurants and bakeries scrambling

Chicago Tribune27-02-2025

Good afternoon, Chicago.
When St. Charles residents Terry Beltran and her husband Scott opened their mom-and-pop diner over 18 years ago, they never envisioned the one-two punch that would come their way nearly two decades into operating Daddio's Diner in Batavia.
'We got hit pretty bad with the last virus a few years ago and still haven't recovered from that,' Scott Beltran said recently about the COVID-19 pandemic. 'Now we have this issue with bird flu and the price of eggs that have gone through the roof. Honestly, we're nearly bankrupt.'
Egg prices in the United States hit an all-time average high of $4.95 per dozen this month, officials have said, with the U.S. Department of Agriculture predicting the price could soar even higher as the year goes on because of the impact of bird flu. That means restaurants and other businesses that rely on eggs as a staple are scrambling to deal with the skyrocketing prices.
Here's what else is happening today. And remember, for the latest breaking news in Chicago, visit chicagotribune.com/latest-headlines and sign up to get our alerts on all your devices.
In Midway near-collision, NTSB chair cites business jet crew's apparent 'failure to listen'
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To help balance Mayor Brandon Johnson's 2025 budget, Chicago installing 50 new speed cameras to ticket drivers
Ex-sailor pleads guilty to terrorist plot to attack Naval Station Great Lakes in 2022
Chicago tech incubator 1871 leaving the Mart after 13 years
Launched in 2012, the nonprofit 1871 has been an anchor tenant at the Mart and the nexus of the Chicago tech scene for more than a decade, providing space, expertise and funding opportunities for a long roster of startups. Read more here.
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Sammy Sosa makes a big impression in his return to the Chicago Cubs as a guest instructor: 'He's an icon'
Back in Cubbie blue for the first time since a turbulent ending with the organization in 2004, Sammy Sosa was soaking in the opportunity to connect with players, whether it was in the dugout at Sloan Park or spending time in the cage. Read more here.
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Gene Hackman, 95, was found dead in a mudroom and his 63-year-old wife, Betsy Arakawa, was found dead in a bathroom next to a space heater, the Santa Fe County sheriff's office wrote in a search warrant. There was an open prescription bottle and pills scattered on the counter top near Arakawa. Read more here.

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RFID credit cards: Should you worry about protection?
RFID credit cards: Should you worry about protection?

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RFID credit cards: Should you worry about protection?

RFID credit cards are growing in popularity and have already been adopted by major credit card issuers. These cards use radio frequencies to allow the cardholder to pay at terminals by tapping their card on a card reader as opposed to swiping or inserting their card. RFID credit cards are considered safe to use, and credit card fraud using RFID readers is rare and difficult to do. Radio-frequency identification (RFID) credit cards are a type of contactless card technology that allows you to make your payment by simply tapping your card at the payment terminal. While these types of cards had already begun replacing traditional cards without this technology for many years, the demand for them grew quickly during the COVID-19 pandemic as people were looking for ways to minimize contact with surfaces. Most major issuers have integrated this technology into all of their new cards, but like any credit card you carry, you should still take precautions to ensure that your card is safe from identity thieves and fraudsters. But if you're wondering how safe RFID credit card technology is in particular, you're in for some good news. Before we get into the safety aspect, however, let's start with understanding how an RFID card actually works. An RFID credit card is equipped with radio frequency identification technology. This allows your credit card to communicate with a payment terminal using a radio frequency instead of a magnetic strip. RFID technology allows you to simply tap or wave your credit card near a card reader or ATM. Using this technology to make purchases gives you the ability to complete transactions within seconds. Plus, your card never has to leave your hand, minimizing contact with the card terminal and the likelihood of leaving your card in the reader. While RFID technology is becoming the norm for new credit cards, not all cards have been updated with the technology. Older cards that might not have hit their expiration date yet, for example, might still be missing this technology. If you're not sure whether your card is RFID-enabled, you can easily check by taking a look at the card. RFID-enabled cards have a symbol on the front or back of the card that looks like a Wi-Fi icon turned on its side. This symbol is meant to represent the radio frequency used by the card to make it contactless. If your card has that symbol, you should be able to make purchases with a wave or a tap of your card. To be sure, you can test it the next time you go to a shop, ATM or gas station pump. When you're at the payment terminal, look for the contactless symbol on the card reader, which looks the same as the symbol on your card. Then, simply tap your card on the payment terminal to complete your transaction. RFID credit cards are considered to be as safe as EMV chip cards, and data theft concerning RFID cards is uncommon. This is because of how these cards transmit information and what information is shared. Unlike traditional credit cards, RFID cards use one-time codes to complete each transaction. Every time you use your RFID card, a new code is created, thus making it more difficult for your information to be compromised. However, just because theft using this technology is uncommon doesn't mean it's impossible to do. Because RFID credit cards work via radio frequencies, some thieves have begun targeting these credit cards by using RFID readers. These readers could potentially pick up your card information without your knowledge by getting close enough to your card to pick up on the radio frequency. For this reason, there are quite a few products on the market, such as sleeves and wallets, that claim to have RFID protection. However, these products are not necessary to keep your RFID credit cards safe. For a person to compromise your card information, they would have to get very close to you — typically a few inches max — with an RFID reader that could pick up the signal. That signal is incredibly weak, so there would have to be practically no barriers between the card and the card reader. This means that if you already have your card in a wallet or bag, it's likely protected enough from the range of an RFID reader. Plus, even if a reader is able to pick up the signal, it could run into issues with the other contactless cards in your wallet also sending out signals. These readers are typically unable to scan multiple cards at once, so they could have trouble singling out one card to read anyway. On top of that, because of the one-time codes that we mentioned earlier, it's unlikely that a thief could store your card information to use over and over like they could when they have your physical credit card. Bankrate's take While it is technically possible for a thief to find a way to skim your RFID card, they would have to work quite hard to do so. If you do find yourself targeted for credit card fraud and identity theft, regardless of how it happens, report the theft immediately. The faster you do so, the more likely that your bank or card issuer will cover the fraudulent charges under their liability policy. RFID credit cards are some of the most secure credit cards at our disposal, but it's still good to take precautions as with any other credit card. Here are some tips that can help you get started: Set up mobile alerts for all of your accounts. Mobile alerts will give you a notification any time your card is used, allowing you to immediately identify suspicious charges. Make sure you have a strong password for your online accounts. If you're worried about losing your password or forgetting it, you can take advantage of a password management app like Dashlane or LastPass. 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If you don't currently have a card with this technology and want one, consider contacting your card issuer. They could likely send you a replacement card with this feature. Most of today's top credit cards will already have this feature included, but you can always reach out to the issuer to double-check before you apply.

Trump's policies disrupt global tourism
Trump's policies disrupt global tourism

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Trump's policies disrupt global tourism

The United States is facing a significant decline in international tourism in 2025, with foreign visitor numbers and spending forecast to drop sharply. Analysts link the downturn to a series of policy moves by President Donald Trump, including new travel bans, heightened border scrutiny, and rollbacks on civil rights protections. The World Travel & Tourism Council estimates that these developments could cost the US economy $12.5 billion this year, deepening the trade deficit as inbound tourism is considered an export. According to the US International Trade Administration, foreign air arrivals to the US fell by 2.5% through April compared with the same period last year, with a notable 10% drop in March following the announcement of tariffs targeting Canada, China and Mexico. Canada, the top source of international visitors to the US, has seen a 15% decline in cross-border travel in April alone. Major European airlines have begun reducing flights to key US cities, including New York, Miami, and Las Vegas. Spending by international tourists is projected to decrease by 7% in 2025, marking the first drop since the pandemic recovery began. The World Travel & Tourism Council warns that the US is the only major global destination expected to record a fall in tourism revenue this year, with earnings from foreign visitors falling below $169 billion. The council does not expect US tourism spending to return to pre-Covid-19 levels before 2030. At least 12 countries have issued travel advisories urging caution when visiting the United States. Nations such as Canada, Germany, France, and the UK have warned their citizens about the risk of detention, denial of entry, or the seizure of personal devices. LGBTQ+ travellers have also been cautioned by governments including Ireland and the Netherlands following US policy changes affecting gender recognition. As a result, many tourists are choosing alternative destinations. Tourism Economics reports that global flight bookings to the US from May through July are down 11% compared to 2024. Canadian bookings are off by a third, a drop that could eliminate $6 billion in spending and more than 40,000 US jobs. Countries such as Japan and Vietnam are emerging as winners in the redirected tourism flow, with Japan reporting a record number of monthly visitors. Among the 20 US cities most dependent on international tourism, 18 are forecast to suffer declines in foreign visitor spending. Detroit, Seattle and Tampa are expected to see the sharpest drops, with losses also predicted in cities like Philadelphia and Phoenix. Only Honolulu and New York are forecast to avoid major downturns, though New York officials expect a 17% decrease in overseas tourism compared to 2024. Corporate travel is also under pressure. A survey by the Global Business Travel Association found that nearly one-third of travel managers expect reduced company spending due to recent US government actions. The number of European business travellers entering the US dropped by 18% in April alone. The association has revised its 2025 forecast downward, anticipating a 5% decline in corporate travel expenditure. Meanwhile, fewer Americans are planning trips abroad. Only 18% expect to travel overseas within the next six months, down from 24% in December, according to the Conference Board. Rising economic uncertainty is prompting many to scale back or cancel international holidays in favour of domestic alternatives. With shifting global travel patterns and growing international discontent, analysts suggest the US tourism sector faces a prolonged and uncertain recovery. Navigate the shifting tariff landscape with real-time data and market-leading analysis. Request a free demo for GlobalData's Strategic Intelligence . "Trump's policies disrupt global tourism" was originally created and published by Hotel Management Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Premier League operating profit hits five-year high as PSR bites
Premier League operating profit hits five-year high as PSR bites

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Premier League clubs recorded their highest collective operating profit since 2019 last year as controversial PSR regulations enforced a greater emphasis on balancing the books. Aggregate operating profits among the 20 teams in the top division increased by 36 per cent to £533m in 2023-24, according to Deloitte's latest Annual Review of Football Finance published today. Premier League clubs' revenue grew four per cent to a record £6.3bn which, combined with tougher profitability and sustainability rules (PSR), led to their best operating profit figures since before the Covid-19 pandemic. 'We are starting to see a bit of a ripple when it comes to clubs focusing on compliance within regulations,' Jennifer Haskel, knowledge and insight lead in the Deloitte Sports Business Group, told City AM. 'As we continue within this evolving regulatory landscape, clubs are being run more and more as traditional businesses. While clubs are continuing to grow the top line and diversify their revenue streams, hopefully that will lead to more long term sustainability and profits.' Both Everton and Nottingham Forest received points deductions in the 2023-24 season for breaching PSR, while other teams – including Aston Villa and Chelsea – narrowly avoided sanctions with some late player trading. Premier League clubs made a pre-tax loss of £136m, although that was an improvement of almost £550m on the previous season. The relegation of heavily loss-making teams also contributed to the improvement. The total European football market grew by eight per cent to a record €38bn, with the Big Five leagues – England, Spain, Italy, Germany and France – generating more than €20bn for the first time. That growth may plateau due to a French media rights crisis, however, Deloitte said. Ahead of the imminent introduction of the Independent Football Regulator, meanwhile, the report warns that 'there can be no doubt that the system in English football is under strain'. 'We still await the output of the Independent Football Regulator to fully understand how this may impact the game in England, but it is clear that the way in which the game is governed and the regulation that underpins it needs to seek to drive value, fan engagement (both physical and digital) and competitive balance,' writes Deloitte's lead sports partner Tim Bridge. 'The level of interest and the demand to engage with English football remains high and investors still see the opportunity, particularly when there is a strong community link or adjacent investment opportunities, but the lack of clarity over the future regulatory regime is now unhelpful.' Sign in to access your portfolio

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