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Chiditarod 2007 Video: Chicago’s urban shopping cart race

March 5th, 2007 — 5:40pm

On March 3, 2007, more than 200 people gathered in twenty-degree weather to celebrate the second annual Chiditarod (read the Metromix preview here). Chicago’s urban shopping cart race pits human ingenuity against the elements, while collecting canned goods for donation.

Central to the Chiditarod’s philosophy is a “leave no trace,” environmentally friendly orientation. Most of the people in attendance are in some way, shape or form affiliated with the regional Burning Man community, a movement that started in California in the mid-80’s.

While a host of photographers, videographers and reporters hustled from checkpoint to checkpoint, gathering as much footage as they could, I chose to embed with one team: the Corporate Dalliances. Self-described as a ragtag gang representing the mainstream, the team utilized hard work, determination, and a fair amount of dubious tactics to win this year’s Chiditarod.

This is their story. Continue reading »

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Supreme Court to rule on securities fraud litigation

February 19th, 2007 — 11:11am

In March 2001, Richard Notebaert, the chief executive officer of Tellabs, Inc., assured investors the growth of its best-selling product was solid.

Three months later, Notebaert told investors that the sharp drop in sales projections the Illinois-based telecommunications company experienced from January to June was due in large part to declining demand for that best-selling product, the Titan 5500.

In the meantime, stock prices fell to just under $16 per share from a high of $67.

In his assessment of the future performance of Tellabs’ best-selling product, Tellabs’ CEO was clearly wrong.

The question is: When did he know this?

(Read the rest here).

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