David Rutter
United States
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Articles by David Rutter
In Search of Seth Paine
Since the Seth Paine Elementary School opened 58 years ago, thousands of Lake Zurich K-5 students have paraded through the entry seeking knowledge. It’s a pity few of them ever learned who the school’s namesake truly was. As the school’s official history has it, “Seth Paine was a businessman from Chicago who came to Lake Zurich, and opened the village’s first store, the Union Store, in 1841.” Not the half of it, kids. Not the half of it.
R3 appoints UK Finance Chairman Bob Wigley to Board of Directors
R3, the enterprise distributed ledger technology (DLT) and services firm, has appointed Bob Wigley, to its Board as a Non-Executive Director. Wigley, who has Chaired UK Finance for the last six years, joins R3 after leading the UK Finance digital tokenization taskforce, which produced the report Unlocking the power of securities tokenization.
R3 launches new DLT product suite and appoints Kate Karimson as Chief Commercial Officer
R3, the enterprise distributed ledger technology (DLT) and services firm, has launched R3 Digital Markets. The new suite of end-to-end digital solutions helps firms to adopt and drive value from digital assets and digital currencies today, whilst preparing for the future of regulated markets, from initial exploration to full scale production. To lead the roll out of the new suite, R3 has appointed financial technology leader and capital markets expert Kate Karimson as Chief Commercial Officer.
David Rutter: The power of the pickle
It’s the Christmas season now, and that means Baby Jesus, the Manger and Big Sour Pickles. Every family has its quirks. You deal with it. Mine was a passion foisted on my family by my family with good intentions. I lived in a pickle family. My father was the Prince of Pickles. He nurtured them from optimistic cucumbers, canned them with his secret recipeand made relatives from here to Ashtabulah take them on festive holidays. Any day, really.
Emirates NBD welcomes R3 to Digital Asset Lab Council
Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, has announced leading enterprise distributed ledger technology and services firm R3 as a key council member of the Digital Asset Lab. R3 will join PwC, a professional services firm, and Fireblocks, a digital asset transfer and direct custody technology platform, as the founding council members of the Lab.
Crystal Lake’s Charlie Behan perished in Battle of Sugar Loaf Hill
Charlie Behan was a rangy 6-foot-3 football pass catcher end who became one of Crystal Lake’s first superb high school athletes in the late 1930s. But he was most famous for his exploits on Sugar Loaf Hill, a miserable rock pile on the miserable rock pile named Okinawa. Northern Illinois University (then the Northern Illinois State Teachers College) recruited him enthusiastically, and then he became a Detroit Lions rookie in 1942. But his fame came in Okinawa in the Pacific War.
Medal of Honor recipient Robert J. Miller saved lives in Afghanistan
Robert J. Miller had the future figured out when he attended Wheaton North High School. He learned Latin, played musical instruments, plus virtually every sport, and taught children with autism. He was ambitious in the best definition of that, and amazingly capable at everything he tried. He most wanted to enter the Naval Academy. That was derailed because he was colorblind. When the 9/11 terrorist attack occurred, he joined the Army and became a Special Forces (Green Beret) weapons specialist.
‘Forlorn Hope’ proved Illinois’ courage during Civil War
Abe Lincoln told Ulysses S. Grant who told William Tecumseh Sherman who told the farm boys in his Illinois volunteer army. Take Vicksburg, Miss., and we can win this war and go home. In 1863, the Confederates already knew who Grant was, but were less educated about his 35,000-man Army of the Tennessee and its 22,000 rural kids from Illinois. But the task at hand was a crucible. Control the entire Mississippi River from Vicksburg, and rend the Confederacy’s Civil War assets in half. Win the war.
Civil War hero George Thedore Hyatt awarded Medal of Honor 31 years after his bravery
First Sgt. George Theodore Hyatt of the 127th Illinois Infantry exemplifies the Illinois soldiers from the Civil War to World War II to Korea to Vietnam who won the Medal of Honor. Let him speak symbolically for the Illinois veterans who earned a nation’s thanks for answering the summons. First, they were most likely citizen soldiers, not professional men-at-arms, and wished to do their duty and then go home to family in the small towns of Illinois.
Rutter: Medal of Honor winners care about others in a profound way
What is it about the pending disaster of an explosive grenade thrown at the feet of some soldiers that causes them to react the same way? They do not run away. They leap on the explosion and court immediate death to save their fellow soldiers. We thank two Illinois Marines in the World War II battle for Okinawa for their instinctive heroism on two separate events. We honor such heroes because it is appropriate and meaningful. They offered themselves as a gift to others. Cpl.
QFCA and R3 Sign an Agreement to Support Qatar's Financial Technology Industry
The Qatar Financial Centre Authority (QFCA), the legal and tax arm of the Qatar Financial Centre (QFC), a leading onshore financial and business centre in the region, has signed a Memorandum of Understanding (MoU) with R3, a global leading provider of enterprise distributed ledger technology (DLT) and services, to accelerate the development of Qatar’s financial technology industry and collaborate on initiatives to promote common interests.
Central Bank of UAE launches CBDC Implementation Strategy
The Central Bank of the UAE (CBUAE) has launched its Central Bank Digital Currency (CBDC) Implementation Strategy in collaboration with R3, G42 Cloud and Clifford Chance. For Phase 1, R3 and G42 Cloud have been selected as the technology and infrastructure providers of the initiative respectively, while Clifford Chance will provide critical legal oversight for the strategy.
Crypto must get to grips with its high-risk culture
Following a year of price drops, job losses and bankruptcies, many in the crypto industry were hoping for a calm end to 2022. But then came the spectacular FTX fallout and a flurry of criminal fraud charges against its former chief executive, Sam Bankman-Fried, making corporate culture a hot topic once again. Global Risk Regulator’s content are exclusively available to subscribers Request a free trial today to ensure you stay informed about the latest global regulations and standards.
Our View: Joliet’s Joan of Arc wouldn’t turn away from dying kids
Even if the world is a sordid, grim repository of bad souls and worse motives, that makes the existence of Mary Kay Sheehan even more remarkable. Maybe Joan of Arc is not dead. She’s living in Joliet. Remarkable people do remarkable things when no one else will. And that’s what she has done. As CEO of Lightways Hospice, she’s Joliet’s antidote to a grim reflection in our mirror. When others walked away, she would not.
Where is Illinois’ Republican Party headed after GOP primary?
Even Republicans acknowledge the Illinois GOP has fought a slow, unresolved policy fight with itself for decades. For 50 years, the moderate wing of Illinois Republicanism (former Govs. Jim Thompson, Jim Edgar, and marginally Bruce Rauner) had its way, but Tuesday’s primary election in which state Sen. Darren Bailey locked up the GOP nomination for governor, might have signaled a tectonic shift.
Illinois gubernatorial candidates head for finish line in partisan primary elections
Will County — A soybean farming state senator from downstate — a mere millionaire because he owns 12,000 acres of prime farmland — wants to defeat a famous family’s billionaire scion’s bid to repeat as Illinois governor. Each could get their chance on Nov. 8 when Republican state Sen. Darren Bailey might take on Democratic Gov. JB Pritzker.
Honor our child soldiers, but mourn them, too
Wherever they are now, gone from this life, we should wonder if they can hear us. We should wonder if they are asking if we have lingering, echoing doubts about why they are there on the other side of existence and did not get to stay here. If no one is listening, we deprive ourselves of larger meanings to the Memorial Day we celebrate this weekend as we have for 154 years since it was invented by Civil War veterans as Decoration Day. Somebody has to hear. Somebody should listen.
The future of finance isn’t completely centralised or decentralised, it’s hybrid
David E. Rutter | November 19, 2021 Interest in decentralised finance, or ‘DeFi’, is booming in the technology world. The term has invited enthusiasm, scepticism and curiosity, in equal measure. There is no doubt that the technology could be host to a number of exciting applications. At its core, DeFi rests upon the central principle of disintermediation, and this could have many benefits, including the democratisation of finance. By David E. Rutter, CEO at R3. But let’s not get ahead of ourselves.
The Beachwood Reporter - Knowing Kaddish
By David Rutter Things I know about Judaism and learned at funerals. I know Kaddish. You must understand humility to know Kaddish. You must understand trust. Having dabbled without lasting effect in many religions, I know that Christianity is an operator's manual for a machine you'd just as soon ignore. Judaism is poetry, and no example more profound than the Kaddish. It is a yearning call from deep in the soul for God's comfort after catastrophe.
Why We Should Love Hamilton Less And Truth More
By David Rutter Note to Hamilton author Lin-Manuel Miranda. Yes, we all loved your brilliant invention, but every day I love it less. Every day I wonder more what I liked about it. What's wrong with me? That happens when you reconsider illusions. Do illusions bring you closer to seeing the truth, or only drive you deeper into error?
The Beachwood Reporter - Florida
By David Rutter For those who have never lived there, Florida remains a sunny, steamy, golden enigma. You want Florida, and will abide no evidence that suggests you don't. We lust for it. Fabulous foreign wealth and consumption teeter-totter there on the other end of dire poverty and human frailty, all fueled by conflicts so deep it's a marvel how humanity can survive itself. Or maybe, why should we hope humanity survives its depravities and pastel pants?
Time to replace crumbling capital market infrastructure
The pandemic has taught businesses of all shapes and sizes that they need to radically rethink outdated ways of working. It has shown that almost every industry is capable of rapid digital transformation when needed, and many industries’ histories will now forever be split into two distinct chapters: pre- and post-Covid-19. By David E.
The Beachwood Reporter - Shit Jobs
By David Rutter My first ever job in 1967 was loading cases of orange-flavored, drink-generating powder Tang onto truck pallets at a General Mills facility. It was a sweaty job for minimum wage. The minimum wage in 1967 was $1.40 an hour. Various calculators assert this is $11.08 in 2021 dollars. But that judgement is an optical - and fiscal - illusion, wrought by economists who would not work for minimum pay, no matter what century it is. That pay scale was exactly then what it seems like now.
The Beachwood Reporter : Sports
TrackNotes: Evil & Earworms By Thomas Chambers They ran a race and nobody got hurt, so that's something. Class willed out as Medina Spirit gave trainer Bob Baffert his record seventh Kentucky Derby victory. Earlier in the day, his Gamine gave him a record-breaker for Grade I wins, after the horse was reinstated to an Oaklawn victory from last year that was drug-disputed by what Baffert called "uncontrollable environmental factors." It never ends.
The Beachwood Reporter : Sports
TrackNotes: Punditry As A Handicapping Tool By Thomas Chambers There's an old joke in horse racing. "Who's going to win (the Derby)?" "Nobody." The 2021 Road to the Roses has been more like Halsted Street on a Saturday morning. Where you also try to weave your way around the slow drivers. Few horses have hit two green lights in a row and favorites have gotten stuck behind the guy with no guts in making the left turn.
The Beachwood Reporter : Sports
Beachwood Sports Video Please Stop Believing 99 Years of Cub Losses The 1908 Song Blame It On Bartman We Can't Wait 100 Years Dusty Must Get Fired Beachwood Sports Audio 100 Seasons in the Sun Eddie Elia We Can't Wait 100 Years Let's Call The Crosstown Off! Louuuuu! Ode to Ozzie Dusty Must Get Fired The 12 Days of Cubness The Hester Man Can! I'm Sammy Calendar Bears Search The Beachwood Reporter Subscribe to the Newsletter The Beachwood Radio Sports Hour #354: Bears Turn The Beat Around By...
The Beachwood Reporter : Sports
Why We Hated Ali - And Then Loved Him By David Rutter Memories can be an enemy. Their distortions often defeat us. We ended the Vietnam War because America rose up to hate it. We all know that. Except that's not exactly true. Many Americans loved that war - or at least supported it - through much of its duration. Just as many of us still loved Richard Nixon on the day he boarded Marine I and flew away into permanent disgrace.
The Beachwood Reporter : Sports
Catching Fire By Roger Wallenstein By the time the White Sox' $54 million closer Liam Hendriks strode to the mound in the top of the ninth inning last Saturday on a chilly night at The Grate, the contest between the local club and the Texas Rangers displayed the kind of drama that makes the game so compelling. Sox starter Dallas Keuchel had pitched into the seventh inning, allowing seven hits. Two runners got as far as third base but advanced no further.
BMW Is The Answer To The Begged Question
By David Rutter This is the interlude in our chat, dear friends, in which I complain like an old "Get off my lawn" coot about modern commercial culture. But there are benefits that can broaden a person's education. Another generation, another chance to explain what "begging the question" means and how it works. Take, for example, the Allstate car insurance TV ad in which a BMW convertible driver sails down the road while singing a duet with his female silver hood ornament.
The Beachwood Reporter : Sports
The Beachwood Radio Hour #353: Cubs And Sox Are Different Kinds Of .500 By Jim Coffman and Steve Rhodes Same record, different journeys. Plus: Zachless Bulls; Blackhawks' Splitting Headache; Cam Pro; Red Stars Finally Score A Goal; Superleague Relegated To Dustbin; Fire Season All Downhill From Here; and Draft Memo To Ryan Pace. - SHOW NOTES * 353. * Coffman: "The good times do tend to roll when I'm at a bar." - 3:30: The Dunning Effect. * Too early to sweat White Sox's .500 start.
The Beachwood Reporter - They Do Run Run
By David Rutter Lar Daly, meet Jim Oberweis. Jim Oberweis, meet Lar Daly. Totally preposterous meets vainglorious nincompoop. The identities virtually are interchangeable. As TV prosecutor Hamilton Burger used to tell Perry Mason: "Incompetent, irrelevant and immaterial." They both spent 40 years in politics without ever achieving a moment of real usefulness. Daly and Oberweis wave at each other across the cosmic divide of political time and space, each as goofy as the other.
The Beachwood Reporter : Sports
Where Quarterbacks Don't Die By David Rutter Former Bears quarterback Jim McMahon at least has the efficiency not to launch himself 240,000 miles to the moon as Neil Armstrong did only to say the wrong profound quote when he got there.
When We Were Vaccine Guinea Pigs
By David Rutter Mom and Dad were kids who survived the Great Depression and World War II, so by the time I came along, not much scared them. But as spring 1954 arrived, they both were jittery and tense though never hysterical. They were not the hysterical sort. They were a "snap out of it" sort of people. But they were deeply fearful for me and my younger brother. They were afraid of polio. Everybody was.
The Beachwood Reporter : Sports
Beachwood Sports Video Please Stop Believing 99 Years of Cub Losses The 1908 Song Blame It On Bartman We Can't Wait 100 Years Dusty Must Get Fired Beachwood Sports Audio 100 Seasons in the Sun Eddie Elia We Can't Wait 100 Years Let's Call The Crosstown Off! Louuuuu! Ode to Ozzie Dusty Must Get Fired The 12 Days of Cubness The Hester Man Can! I'm Sammy Calendar Bears Search The Beachwood Reporter Subscribe to the Newsletter The Beachwood Radio Sports Hour #351: Vaccine Villains By Jim Coffman...
The Quest For Papa's Perfect Sentence
By David Rutter When I was 15 and thought myself a smart young man of letters, I read The Sun Also Rises. I knew then I would read everything that Ernest Hemingway wrote because you could not be serious and avoid him. It was 1961. The summer when he died. But then I decided I could avoid him. No, I decided I had to put him aside. It was bittersweet, though likely the first adult decision of my life.
The Beachwood Reporter : Sports
The NFL's COVID Warning For Baseball By Alex R. Piquero and Justin Kurland/The Conversation Baseball season is here, and thousands of cheering fans are back in the ballparks after a year of empty seats. Most teams, still cautious of the COVID-19 risk, are keeping their stadiums to less than 30% capacity for now. Only the Texas Rangers packed the ballpark for its home opener on April 5, 2021, a move President Joe Biden criticized as not being responsible.
The Beachwood Reporter : Sports
The Yerminator Has Landed By Roger Wallenstein Five years, 10 years, 25 years from now, few will remember the botched fly balls and blown leads, but the legend of Yermin Mercedes will remain alive. Chances are, even a century into the future, his eight hits in as many at-bats to kick off the season will remain as the hottest streak ever for a ballplayer's first two games of a new campaign. The Yerminator has landed. However, the journey has not always been smooth for the 28-year-old Dominican.
The Beachwood Reporter : Sports
Beachwood Sports Video Please Stop Believing 99 Years of Cub Losses The 1908 Song Blame It On Bartman We Can't Wait 100 Years Dusty Must Get Fired Beachwood Sports Audio 100 Seasons in the Sun Eddie Elia We Can't Wait 100 Years Let's Call The Crosstown Off! Louuuuu! Ode to Ozzie Dusty Must Get Fired The 12 Days of Cubness The Hester Man Can! I'm Sammy Calendar Bears Search The Beachwood Reporter Subscribe to the Newsletter The Beachwood Radio Sports Hour #350: Opening Deja Vu By Jim Coffman...
The Beachwood Reporter : Sports
The Eloy Canal By Roger Wallenstein We saw some really dumb stuff last week. For openers, there was that poor sumbitch who steered his cargo ship - as large as the Empire State Building according to reports - into the bank of the Suez Canal, grounding the behemoth crosswise so that all traffic has been disrupted, affecting commerce throughout the world.
The Beachwood Reporter : Sports
The Beachwood Radio Sports Hour #349: New Bulls Regime Had Seen Enough By Jim Coffman and Steve Rhodes Didn't need a full season to evaluate the mess GarPax left behind. Plus: Cubs Trade Looking Slightly Better; Ramblin' Men; Wildcat Women; Blackhawks Back; Cubs Going Backwards; and Bears Sign Backups. - SHOW NOTES * 349. * Artie Explains It All: * K.C. Johnson: Karnisovas Isn't Done. - 27:22: Cubs Trade Looking Slightly Better.
The Beachwood Reporter : Sports
The Beachwood Radio Sports Hour #348: Pace De Resistance By Jim Coffman and Steve Rhodes If anyone thinks they know what the Bears are doing, can you share it with the rest of us? Plus: Illinois Madness; Leitao Out; Bulls' New Lineup; Bullish On Blackhawks; Catching The White Sox; and Crappy Cubs. - SHOW NOTES * 348. If anyone thinks they know what the Bears are doing, can you share it with me?
The Beachwood Reporter : Sports
Beachwood Sports Video Please Stop Believing 99 Years of Cub Losses The 1908 Song Blame It On Bartman We Can't Wait 100 Years Dusty Must Get Fired Beachwood Sports Audio 100 Seasons in the Sun Eddie Elia We Can't Wait 100 Years Let's Call The Crosstown Off! Louuuuu! Ode to Ozzie Dusty Must Get Fired The 12 Days of Cubness The Hester Man Can! I'm Sammy Calendar Bears Search The Beachwood Reporter Subscribe to the Newsletter Wilson Unveils New Official Game Ball Ahead Of WNBA's 25th Season By...
The Beachwood Reporter : Sports
The Beachwood Radio Sports Hour #347: Slow Jamming The Bears News By Jim Coffman and Steve Rhodes How their QB search is like a CNN breaking news event. Plus: Spring Training Fever; Colliton Can Coach; Billy's Bulls; and Whining Illini. - SHOW NOTES * 347. 1:38: How The Bears Quarterback Search Is Like A CNN Breaking News Event. * Cam Newton. * Dak Prescott. * Ben Roethlisberger. * Russell Wilson. * Deshaun Watson. * Fitzmagic! Plus: * Allen Robinson. * Cairo Santos. * Kyle Long.
Thank Trump For Your Stimulus Check
By David Rutter Stealing is wrong. I get that, but then I've never been close enough to a large pile of cash as to be tempted. So I have cheaply bought morals. But let us assume that stealing is wrong. On that valid and traditional proposition, we all should be aghast that Donald Trump, hereafter to be known as The Former Guy, persuaded Americans to give him $200 million to win several elections he already had lost. This is "past posting" on a grand stage.
How Mark Giangreco Blew Himself Up
By David Rutter Everybody has weeks they'd just as soon never happened. Take ABC 7 sports newsie Mark Giangreco, for example. He is now eligible to teach the Medill Masters Class on how to assassinate your own TV career. If Giangreco does not return from his imposed vacation on Elba, that week for him might be the last week of January 2021. He's been off the air for five weeks with no word, or any signal that he's still among the living. So much for million-dollar contracts.
The Beachwood Reporter : Sports
Beachwood Sports Video Please Stop Believing 99 Years of Cub Losses The 1908 Song Blame It On Bartman We Can't Wait 100 Years Dusty Must Get Fired Beachwood Sports Audio 100 Seasons in the Sun Eddie Elia We Can't Wait 100 Years Let's Call The Crosstown Off! Louuuuu! Ode to Ozzie Dusty Must Get Fired The 12 Days of Cubness The Hester Man Can! I'm Sammy Calendar Bears Search The Beachwood Reporter Subscribe to the Newsletter Exclusive: Joe Maddon's 2016 Entrances Another Beachwood Special...
Adam Kinzinger Is No Friend Of Mine
By David Rutter By the "enemy of my enemy is my friend" measurement, Illinois Rep. Adam Kinzinger is the buddy of upright-thinking Illinoisans everywhere. He's a reformed buddy. A recovering nutjob. He's paid for his ticket to the dinner party of reclaimed right-wingedness. If Joe Walsh's change of political heart can make him seem like a decent human being (we're still keeping watch on that transformation) then the 16th District congressman from Kankakee is theoretically salvageable, too.
The Beachwood Reporter : Sports
TrackNotes: Arlington's Amber Alert By Thomas Chambers There's a really tired old hook about something dying from a thousand cuts. It would be easy to beat that rug after Churchill Downs Incorporated's announcement that it has put the land underneath Arlington Park up for sale. But this is the result of at least 21 years of torturous murder sadistically carried out by executioners Richard L.
The Beachwood Reporter : Sports
MLB Cuts Out The Heart Of America By Roger Wallenstein The year was 1960, the first time I attended a minor-league baseball game, featuring the Duluth Dukes hosting the Eau Claire Braves at Wade Stadium in Duluth, Minn. "The Wade," as the locals call it, is a concrete fortress whose aluminum planks in the cheap seats can be downright frosty even in summer if the wind is blowing in an unfriendly direction off Lake Superior.
The Beachwood Reporter : Sports
Valpo Picked Wrong Genocides To Honor By David Rutter The world of Lutheran angst and outrage is aflame this month with news that Valparaiso University's sports mascot has been expunged and excommunicated. The forces of cultural sensitivity arrived. The Crusader had to go because it violates political correctness norms, and that makes people on both sides itch as if they have hives or shingles.
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