Latest news with #Chicago-born
Chicago Tribune
a day ago
- Chicago Tribune
Afternoon Briefing: Suspect in ‘ICE rules' vandalism in Little Village in custody
Good afternoon, Chicago. A Cook County judge ordered a man to remain in custody this morning after the man allegedly shot and killed his daughter-in-law following a wedding in Schaumburg Friday night. Roland Schmidt, 76, of Stillman Valley near Rockford, was taken into custody by Schaumburg police after the department responded to a report of a shooting at 50 N. Martingale Road around 10:15 p.m. Schmidt and his daughter-in-law, Christine Moyer, 45 of Galena, Ohio, were in the parking lot of the Marriott hotel when the shooting happened. An investigation by police determined that Moyer and Schmidt were both attending a wedding at the hotel. Schmidt followed Moyer outside the hotel as she left the event and shot her in the head. Schmidt was upset with Moyer over her filing divorce paperwork against his son, police said. Here's what else is happening today. And remember, for the latest breaking news in Chicago, visit and sign up to get our alerts on all your devices. Subscribe to more newsletters | Asking Eric | Horoscopes | Puzzles & Games | Today in History A 38-year-old man was in custody and charges were pending against him for allegedly spray painting three buildings in Little Village with swastikas and 'ICE rules' graffiti, police sources said. Read more here. More top news stories: It's going to cost more to watch the Cubs on Comcast next season. Read more here. More top business stories: Billy Donovan has a 195-205 record with one playoff appearance in five seasons as the Bulls' coach. Read more here. More top sports stories: Las Carnitas Uruapan La Villita, the newest Mexican restaurant by the first family of pork in Chicago, brings 50 years of tradition and transformation to a flagship committed to the community in Little Village. Read more here. More top Eat. Watch. Do. stories: Pope Leo XIV, the Chicago-born math major, is said to have a head for numbers and his agenda in his first weeks in office has been filled with meetings of the Vatican's various financial entities. Read more here. More top stories from around the world:
San Francisco Chronicle
a day ago
- Business
- San Francisco Chronicle
Vatican reports good profit on investments and real estate as the pope tackles a financial crisis
VATICAN CITY (AP) — The office that manages Vatican investments and real estate on Tuesday reported a profit of 62 million euros (around $63 million) in 2024, up 16 million euros from 2023. It's one of the best results in years and a bit of good news as Pope Leo XIV begins to tackle the Holy See's longstanding financial crisis. In its 2024 report, the Administration of the Patrimony of the Apostolic See, or APSA, said it had directed 46 million euros of the profit to fund the Holy See's operating costs. Some 10.5 million euros in profit came from good returns on investments, while its real estate profits equaled its 2023 results, the report said. The Vatican has been running a 50 million to 60 million euro structural deficit for years and is facing a 1 billion euro pension fund shortfall, a critical scenario that represents one of the greatest challenges facing Leo at the start of his pontificate. The Chicago-born math major, though, is said to have a head for numbers and his agenda in his first weeks in office has been filled with meetings of the Vatican's various financial entities. The Vatican has 4,234 real estate properties in Italy and 1,200 more in London, Paris, Geneva and Lausanne, Switzerland. Only about one-fifth are rented at fair market value. Some 70% generate no income because they house Vatican or other church offices; the remaining 11% are rented at reduced rents to Vatican employees. In 2024, these properties only generated 35 million euros in profit, essentially equaling the profit of 2023. Financial analysts have long identified such undervalued real estate as a source of potential revenue, but APSA has little money to invest in renovations necessary to justify higher, market rents. The report blamed the flat results on higher costs maintaining the properties, with 3.8 million euros spent in 2024 on maintenance alone. ___ Associated Press religion coverage receives support through the AP's collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content.
Chicago Tribune
a day ago
- Business
- Chicago Tribune
Vatican reports good profit on investments and real estate as Pope Leo XIV tackles financial crisis
VATICAN CITY — The office that manages Vatican investments and real estate on Tuesday reported a profit of 62 million euros (around $63 million) in 2024, up 16 million euros from 2023. It's one of the best results in years and a bit of good news as Pope Leo XIV begins to tackle the Holy See's longstanding financial crisis. In its 2024 report, the Administration of the Patrimony of the Apostolic See, or APSA, said it had directed 46 million euros of the profit to fund the Holy See's operating costs. Some 10.5 million euros in profit came from good returns on investments, while its real estate profits equaled its 2023 results, the report said. The Vatican has been running a 50 million to 60 million euro structural deficit for years and is facing a 1 billion euro pension fund shortfall, a critical scenario that represents one of the greatest challenges facing Leo at the start of his pontificate. The Chicago-born math major, though, is said to have a head for numbers and his agenda in his first weeks in office has been filled with meetings of the Vatican's various financial entities. The Vatican has 4,234 real estate properties in Italy and 1,200 more in London, Paris, Geneva and Lausanne, Switzerland. Only about one-fifth are rented at fair market value. Some 70% generate no income because they house Vatican or other church offices; the remaining 11% are rented at reduced rents to Vatican employees. In 2024, these properties only generated 35 million euros in profit, essentially equaling the profit of 2023. Financial analysts have long identified such undervalued real estate as a source of potential revenue, but APSA has little money to invest in renovations necessary to justify higher, market rents. The report blamed the flat results on higher costs maintaining the properties, with 3.8 million euros spent in 2024 on maintenance alone. Will Pope Leo forge greater LGBTQ+ inclusion? Chicago-area Catholics pray for 'reconciliation rather than division.'
Hamilton Spectator
a day ago
- Business
- Hamilton Spectator
Vatican reports good profit on investments and real estate as the pope tackles a financial crisis
VATICAN CITY (AP) — The office that manages Vatican investments and real estate on Tuesday reported a profit of 62 million euros (around $63 million) in 2024, up 16 million euros from 2023. It's one of the best results in years and a bit of good news as Pope Leo XIV begins to tackle the Holy See's longstanding financial crisis. In its 2024 report, the Administration of the Patrimony of the Apostolic See, or APSA, said it had directed 46 million euros of the profit to fund the Holy See's operating costs. Some 10.5 million euros in profit came from good returns on investments, while its real estate profits equaled its 2023 results, the report said. The Vatican has been running a 50 million to 60 million euro structural deficit for years and is facing a 1 billion euro pension fund shortfall , a critical scenario that represents one of the greatest challenges facing Leo at the start of his pontificate. The Chicago-born math major, though, is said to have a head for numbers and his agenda in his first weeks in office has been filled with meetings of the Vatican's various financial entities. The Vatican has 4,234 real estate properties in Italy and 1,200 more in London, Paris, Geneva and Lausanne, Switzerland. Only about one-fifth are rented at fair market value. Some 70% generate no income because they house Vatican or other church offices; the remaining 11% are rented at reduced rents to Vatican employees. In 2024, these properties only generated 35 million euros in profit, essentially equaling the profit of 2023. Financial analysts have long identified such undervalued real estate as a source of potential revenue, but APSA has little money to invest in renovations necessary to justify higher, market rents. The report blamed the flat results on higher costs maintaining the properties, with 3.8 million euros spent in 2024 on maintenance alone. ___ Associated Press religion coverage receives support through the AP's collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content. Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .
Winnipeg Free Press
a day ago
- Business
- Winnipeg Free Press
Vatican reports good profit on investments and real estate as the pope tackles a financial crisis
VATICAN CITY (AP) — The office that manages Vatican investments and real estate on Tuesday reported a profit of 62 million euros (around $63 million) in 2024, up 16 million euros from 2023. It's one of the best results in years and a bit of good news as Pope Leo XIV begins to tackle the Holy See's longstanding financial crisis. In its 2024 report, the Administration of the Patrimony of the Apostolic See, or APSA, said it had directed 46 million euros of the profit to fund the Holy See's operating costs. Some 10.5 million euros in profit came from good returns on investments, while its real estate profits equaled its 2023 results, the report said. The Vatican has been running a 50 million to 60 million euro structural deficit for years and is facing a 1 billion euro pension fund shortfall, a critical scenario that represents one of the greatest challenges facing Leo at the start of his pontificate. The Chicago-born math major, though, is said to have a head for numbers and his agenda in his first weeks in office has been filled with meetings of the Vatican's various financial entities. The Vatican has 4,234 real estate properties in Italy and 1,200 more in London, Paris, Geneva and Lausanne, Switzerland. Only about one-fifth are rented at fair market value. Some 70% generate no income because they house Vatican or other church offices; the remaining 11% are rented at reduced rents to Vatican employees. In 2024, these properties only generated 35 million euros in profit, essentially equaling the profit of 2023. Financial analysts have long identified such undervalued real estate as a source of potential revenue, but APSA has little money to invest in renovations necessary to justify higher, market rents. The report blamed the flat results on higher costs maintaining the properties, with 3.8 million euros spent in 2024 on maintenance alone. Sundays Kevin Rollason's Sunday newsletter honouring and remembering lives well-lived in Manitoba. ___ Associated Press religion coverage receives support through the AP's collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content.
