How First-Time Applicants Can Use Alternative Small Business Lending Options

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Whether it is a matter of launching a business or growing one, securing financing would always be a crucial factor – especially for first-time business owners. While there can be a problem of plenty, it is important to sift through all the small business lending options available to select the one that aligns with your business goals.
The go-to choices for most entrepreneurs are the traditional small business lending options, such as bank loans or term loans. But they can be difficult to access, especially for startups or new enterprises with limited credit history or collateral. Fortunately, there are alternative small business lending options available that are designed for businesses needing urgent capital or do not qualify for traditional loans. These options include merchant cash advances, crowdfunding and peer-to-peer lending.
The Rise of Alternative Small Business Lending
The past decade has seen a substantial development in the small business lending landscape. While traditional lending institutions like the banks have made their funding requirements tighter, more flexible financing options have come up to provide businesses with alternative options to access the funds they need. Offering faster approval processes, lenient qualification criteria and flexible repayment structures, these funding options have given a lifeline to enterprises, especially first-time applicants to get loans which were not possible before. Here’s a glimpse of three popular alternative lending solutions that are in the market now:
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1. Merchant Cash Advances (MCA)
A merchant cash advance (MCA) is an alternative financing option offers a large amount of cash up front to a business in return for a percentage of future credit or debit card sales. These loans are suitable for those businesses that experience high credit card sales but variable income. But in comparison to traditional business loans, a merchant loan (MCA loan) is not a loan. It is an advance given on future sales, making it perfect for businesses with poor credit.
But how does it work? When a borrower receives a merchant cash advance, he agrees to pay the lender a fixed percentage of his daily credit card sales in exchange for a hefty amount of cash up front. This repayment cycle continues till the cash advance along with any fees/charges is repaid in full. Keep in mind that the fees in this type of funding option are usually steep. So, the repayment amount is almost always significantly more than what was borrowed.
2. Crowdfunding
In this type of funding, business owners raise money by getting small funds from a large amount of people, usually through crowdfunding platforms like Kickstart or GoFundMe. Successful crowdfunding happens with startups offering innovative products or those with strong community support. Although there is nothing is guaranteed by the company in exchange for the funding, but in most cases, backers may get rewards, early access to products or even in some cases, company’s equity.
3. Peer-to-Peer Lending (P2P)
Online platforms like LendingClub and Prosper offers peer-to-peer lending (P2P) by allowing borrowers connect with individual lenders directly. Acting as intermediaries, these platforms provide P2P loans which are essentially unsecured loans. It means these loans do not require collateral to secure funding and the interest rates vary, depending on the borrower’s credit score.
How Are Alternative Lending Options Different from Small Business Lending?
For most first-time borrowers, alternative lending options are different than traditional small business lending options in following cases:

Speed: Traditional small business lending options often have a tedious application process that can take weeks and sometimes, even months. On the other hand, alternative loans like MCAs and P2P loans are popular for their fast turnaround process and can provide funding in a few days.
Qualification: The requirement criteria for small businesses while trying to obtain traditional business loans is generally tough. Lenders look for an established business credit score or a strong revenue history. Alternative funding options generally come with less stringent requirements, making them more accessible to new businesses.
Flexibility: Alternative funding options have more flexible repayment structures than traditional loans, especially with MCAs, where payments fluctuate with revenue as most businesses that generally opt for this type of funding have unpredictable cash flow.

But businesses need to know that though alternative lending options offer flexibility and convenience, it come at a higher cost, in terms of interest rates and fees. This can make the overall cost of the loan much higher. First-time applicants need to consider the long-term financial effect before choosing an alternative loan option.
Conclusion
Traditional small business lending options can be difficult to access, especially for first-time business owners and applicants. In such situations, alternative funding options like merchant cash advances, P2P loans and crowdfunding can provide a much-needed opportunity to get the funding they need to meet their business needs. Each option comes with its own benefits and drawbacks, but it is important that applicants understand the impact of these loans and their own capabilities to meet the repayments before deciding on one option. Because wrong funding can put undue burden on a business’s financial health.
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Salem business owners have a tip for avoiding the October crowds

Local News

The Essex Street Pedestrian Mall is “like a magnet” for tourists, one business owner said, unlike Derby Street and Pickering Wharf.

Costumes are seen prior to Halloween in downtown Salem, Mass., on Oct. 22, 2023. (Kieran Kesner/The New York Times)

Each October, tourists ask how to beat the infamous crowds in Salem. Everyone has tricks: Get there early, take public transit, take advantage of weekdays. But as photos of Essex Street Pedestrian Mall in Salem go viral, complete with pointed witch hats bobbing in huge crowds, plenty of residents and Bostonians alike stay away.“The locals have a saying,” local brewery owner Chris Lohring told Boston.com, “‘I’ll see you in November.’”Salem is busy in October, to say the least. Millions of visitors head to the Halloween Capital each year for spooky attractions, historical places, and sometimes kitschy witch activities. So how do you beat the crowds and long lines for restaurants? Some local business owners say it’s simple: get off of Essex Street.Peak time is 11 a.m. to 5 p.m. on weekendsLohring owns and works as head brewer of Notch Brewing, a brewery and taproom on Derby Street in Salem since 2016. He doesn’t dispute the yearly Halloween crowds. Notch has a line between 11 a.m. and 5 p.m. on weekends, he said, but other than that, they’re just not that busy.

Getting in the Halloween spirit? Check out these Salem movies (and one TV show).

Everything you need to know about Halloween season in Salem

“Social media has its limitations,” Lohring said. “It’s not the reality for the rest for the city. It’s just not that crowded everywhere. It’s just one little strip of a pedestrian mall, which is always, always crowded, and people always use an example of how crowded Salem is.”Advertisement:His business is encouraging tourists and locals alike to escape the crowds to Derby Street and Pickering Wharf, which has its own historical sites and a view of the ocean. And once the tourists leave, their weekend nights are slower.“There’s a lot of day trippers, and the day trippers leave,” Lohring said. “We’ve seen this shift of the amount of customers coming in to a very concentrated period of time, and then there’s nothing.”After Essex Street, head to Pickering WharfLongboards Restaurant & Bar on Pickering Wharf also took to social media to remind customers that the wharf doesn’t get too busy. Co-owner Justin Mattera said while tourists do venture off of Essex Street on weekends, weekdays are slow. Advertisement:“On Pickering Wharf, there’s open, free parking everywhere. There’s certainly no lines. There’s no crowds. We definitely get left out of the Halloween madness,” Mattera said.Even on weekends, Mattera said the three-hour wait for restaurants uptown is more like 10 to 15 minutes near the wharf. Lohring agreed. Both owners also agreed that there’s more to Salem than the pedestrian mall. “There’s more to the city than just the Halloween aspects, and there’s certainly more to the city than downtown,” Mattera said. “Salem’s waterfront is beautiful. It has such great restaurants and shops.”

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Molly Farrar

Molly Farrar is a general assignment reporter for Boston.com, focusing on education, politics, crime, and more.

Scottish tourism hails new surge in international visitors

European visitors were responsible for just over half of all trips during that period, followed by North American visitors who continue to show the largest growth in visits with a 54% increase on 2023, the latest Office for National Statistics figures for the International Passenger Survey show.

Vicki Miller, the new chief executive of VisitScotland, said: “These figures show that Scotland continues to be a destination of choice for international visitors in 2024 and is still outperforming other parts of the UK.

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“They are a testament to the strength of Scotland’s offering with visits and spend up on 2019 and 2023, which was a record-breaking year for international visitors. These visitors, who stay longer and spend more, are crucial to our industry and the visitor economy, supporting businesses and communities across the country.

“Scotland’s strong international recovery has been a result of the work carried out by VisitScotland, industry and partners to drive demand over the last few years. We must continue building on this across our key market, inspiring both domestic and international visitors through the channels we know they use to drive the visitor economy, growing its value to Scotland.”

The new figures come hard on the heels of the first major interview given by Ms Miller since succeeding Malcolm Roughead in the top job on October 1. 

Ms Miller, who has worked for VisitScotland since 2005, put the current appeal of the country among overseas tourists down to the relentless marketing of Scotland which did not stop during the pandemic.

“We did not go quiet during Covid,” Ms Miller told The Herald. “We continued as an organisation to keep Scotland front of mind through all of our channels, and the relationships we have with travel and lifestyle media and travel intermediaries in our markets that we knew would be critical to selling Scotland when travel was able to begin again.

“So, we have had that concerted effort. Then, with the very strong event programme that we have in Scotland, and that focus on the ‘perfect stage’ strategy and a fantastic few years of very strong events… it has really allowed us to spotlight Scotland.”

President El-Sisi commends BRICS business forum for strengthening economic ties

President Sisi gives a speech at the 33rd session of the Arab League Summit in Manama, Bahrain

CAIRO – 18 October 2024: In a recorded address delivered during the BRICS Business Forum, President Abdel Fattah El-Sisi expressed deep appreciation to Russian President Vladimir Putin for his relentless efforts during Russia’s presidency of the BRICS group in 2024.

 

El-Sisi acknowledged the key role played by Russia in advancing cooperation among BRICS nations at various levels, fostering deeper relationships and collaboration.

 

President El-Sisi commended the convening of the BRICS Business Forum, underscoring its importance in enhancing relations between BRICS countries. He emphasized that the forum plays a vital role in bolstering investments, increasing bilateral trade, and promoting joint projects that contribute to the economic growth of the member states and help meet the aspirations of their people.

 

Full Text of the Speech:

 

In the name of Allah, the Most Gracious, the Most Merciful.

Your Excellency President Vladimir Putin, President of the Russian Federation, Honorable Presidents, Heads of States, and Governments of BRICS Nations, Distinguished Representatives of the Business Sector, Esteemed Guests,

 

I would like to begin by expressing my deepest appreciation to President Vladimir Putin for his ongoing efforts during Russia’s presidency of BRICS this year. His tireless work has advanced cooperation between BRICS nations at all levels. The meetings held in various historic Russian cities have deepened the bonds and frameworks of cooperation among our countries.

 

In the same context, we greatly value the BRICS Business Forum as it reflects the commitment to fostering stronger ties between BRICS nations, thereby enhancing investment opportunities, intra-group trade, and joint projects. These efforts will certainly contribute to achieving our shared goal of economic growth and fulfilling the aspirations of our people.

 

Ladies and gentlemen,

This forum is taking place at a time when the world is witnessing unprecedented challenges and crises. These require collective action to find effective solutions. Additionally, we need to intensify our efforts to drive sustainable development, which is a shared responsibility. In this regard, the private sector and business councils have a central role as indispensable partners.

 

Thus, this forum serves as a vital platform to explore investment and trade opportunities among BRICS nations. It promotes collaboration between private sector institutions by leveraging each country’s competitive advantages. By establishing joint ventures, we can further enrich economic integration among BRICS countries and solidify BRICS’ role as a leading economic bloc, contributing to global economic growth.

 

This is particularly important given the tremendous economic and investment opportunities our nations possess, especially in the fields of renewable energy, digital transformation, and manufacturing industries, which have become critical pillars of development.

 

Esteemed attendees,

Egypt is confidently progressing on its path toward economic reform and comprehensive development, aiming for a more sustainable economy that can withstand crises. In this context, the government has recently implemented ambitious measures to improve the investment climate and enhance the role of the private sector in driving economic development.

 

These include:

Imposing a cap on public investments to create more opportunities for the private sector.

Continuing the government offering program as part of the State Ownership Policy Document.

Offering a range of customs exemptions and tax incentives to simplify bureaucratic procedures for investors.

 

Furthermore, Egypt is making significant strides in the development of the telecommunications and information technology sectors, manufacturing industries, and new and renewable energy, particularly green hydrogen. We are also continuing to implement large-scale infrastructure projects and upgrade the transportation network and ports across the country. These efforts align with our ambitious goals to maximize the benefits of Egypt’s strategic geographic location.

 

One of Egypt’s most ambitious projects is the Suez Canal Economic Zone, which offers substantial investment opportunities. It provides a diverse industrial base and export advantages to all global regions. Egypt’s membership in various regional free trade agreements makes it the ideal gateway to promising markets, especially in Africa, which is emerging as the continent of the future, given its economic potential and youth population, which constitutes around 65% of its inhabitants.

 

Distinguished guests,

 

In conclusion, I take this opportunity to express my sincerest wishes for this forum to yield tangible outcomes that enhance investment and economic cooperation among our nations. I would also like to emphasize the critical importance of investing in human resources, which is an essential component and a prerequisite for achieving development and prosperity in our countries.

 

Thank you very much.

Peace be upon you all.

Curving science center takes low-tech approach to keeping cool

With its upcoming scientific research center in Uzbekistan, Zaha Hadid Architects has taken a low-tech approach to maintaining a comfortable temperature. The eye-catching building will feature an ingenious passive cooling system inspired by traditional local architecture.Named after an important 15th Century poet, author, linguist and statesman, the Alisher Navoi International Scientific Research Centre will be defined by large swooping arches and expansive glazing. Its overall form riffs on traditional wind catching towers of Central Asian and Middle Eastern architecture that have been used for centuries to help take the sting out of the desert heat. Its curvy supporting arches, which are being built from local brick, are conceived as hollow structures with openings that capture the wind and channel air into the building. In the hottest summer months, this system will be supported by some electric fans and water misting to cool the air before it circulates within the structure.When it’s not windy, the hollow arched structures will also naturally create a chimney effect (aka stack effect), allowing warmer air to escape through the openings at the top of each arch. This works because warm air naturally rises and escapes, creating a pressure difference that in turn draws in cooler air from lower levels and promotes ventilation throughout the building. Recent Stirling Prize winner New Library, Magdalene College also used the technique.

The Alisher Navoi International Scientific Research Centre’s interior will require very little energy to cool thanks to its passive designZHA

“These cooling principles are enhanced by the day-night cycle, extracting warmer air while trapping cooler air below,” explains Zaha Hadid Architects. “Coupled with high thermal mass of the center’s structure, optimum conditions of comfort can be maintained with minimal energy consumption. Courtyards and skylights bring natural light into the heart of the center while deep roof overhangs provide its facades with effective solar shading in summer yet permit winter sun into the building to warm the interiors.”The interior of the research center will measure 23,000 sq m (almost 250,000 sq ft) and include the Navoi State Museum of Literature, as well as research areas, a workshop and a repository housing a collection of 3,500 historical books and manuscripts. Incorporating 13 permanent exhibition halls around a central courtyard, it will encourage collaboration between literary education, research, and the performing arts.We’ve no word yet on when this one is expected to be completed.Source: Zaha Hadid Architects

Curving science center takes low-tech approach to keeping cool

With its upcoming scientific research center in Uzbekistan, Zaha Hadid Architects has taken a low-tech approach to maintaining a comfortable temperature. The eye-catching building will feature an ingenious passive cooling system inspired by traditional local architecture.Named after an important 15th Century poet, author, linguist and statesman, the Alisher Navoi International Scientific Research Centre will be defined by large swooping arches and expansive glazing. Its overall form riffs on traditional wind catching towers of Central Asian and Middle Eastern architecture that have been used for centuries to help take the sting out of the desert heat. Its curvy supporting arches, which are being built from local brick, are conceived as hollow structures with openings that capture the wind and channel air into the building. In the hottest summer months, this system will be supported by some electric fans and water misting to cool the air before it circulates within the structure.When it’s not windy, the hollow arched structures will also naturally create a chimney effect (aka stack effect), allowing warmer air to escape through the openings at the top of each arch. This works because warm air naturally rises and escapes, creating a pressure difference that in turn draws in cooler air from lower levels and promotes ventilation throughout the building. Recent Stirling Prize winner New Library, Magdalene College also used the technique.

The Alisher Navoi International Scientific Research Centre’s interior will require very little energy to cool thanks to its passive designZHA

“These cooling principles are enhanced by the day-night cycle, extracting warmer air while trapping cooler air below,” explains Zaha Hadid Architects. “Coupled with high thermal mass of the center’s structure, optimum conditions of comfort can be maintained with minimal energy consumption. Courtyards and skylights bring natural light into the heart of the center while deep roof overhangs provide its facades with effective solar shading in summer yet permit winter sun into the building to warm the interiors.”The interior of the research center will measure 23,000 sq m (almost 250,000 sq ft) and include the Navoi State Museum of Literature, as well as research areas, a workshop and a repository housing a collection of 3,500 historical books and manuscripts. Incorporating 13 permanent exhibition halls around a central courtyard, it will encourage collaboration between literary education, research, and the performing arts.We’ve no word yet on when this one is expected to be completed.Source: Zaha Hadid Architects

Today In Culture, Friday, October 18, 2024: Dandelion Books Grows In Oak Park | Four Decades Of Hedwig Dances | Hell In A Handbag Announces Season

Kokandy Productions’ “Into The Woods”/Photo by Evan HanoverGet Chicago & Midwest culture news sent to your inbox every weekday morning. Subscribe to Newcity Today here.ARTBeing Theaster“Theaster Gates’ business dealings and art making are not at odds: Salvage from the buildings goes into his art installations; proceeds from his art sales fund his building renovations and community programs,” cover-stories T Magazine. ” He hopes to demonstrate ‘an open model for what an artist can be.’ … More than any other artist working today, Theaster Gates—ceramist, urbanist, archivist, sculptor—has earned the title ‘multidisciplinary.’ … For years, Gates has acquired archives, and he sees their stewardship as integral to his work. Many preserve Black American cultural memory, like the roughly 20,000-volume library that once belonged to the Johnson Publishing Company, publisher of Ebony and Jet, and the 5,000-record vinyl collection of Frankie Knuckles, the Chicago D.J. at whose late-seventies parties house music was born.”DESIGNFormer Chicagoan Ken Griffin Sells Another Unfinished Local PenthouseKen Griffin has put “another of his unfinished penthouse floors on the market,” reports Crain’s. “A flight down from the $11 million unit that landed a buyer (with a contingency) Monday, this one is $9 million, priced to lose over $3 million, as he paid $12.65 million for it in 2017.” Griffin holds two more unfinished penthouse floors in the Walton Street skyscraper.DINING & DRINKINGNorth Center Loses Sticky Rice After Two DecadesSticky Rice, local specialists in Northern Thai food, announced their closing on Instagram: “After twenty incredible years of serving our community, Sticky Rice will be closing its doors. We want to extend our heartfelt thanks to each of you for your unwavering support and for allowing us to share our family’s recipes with you.”Mexico’s Handshake Speakeasy To Pop-Up at Four Seasons“Mexico City’s Handshake Speakeasy, which was number one on North America’s Fifty Best Bars 2024 rankings, is coming to [town] in collaboration with the Four Seasons Hotel Chicago,” reports Time Out Chicago. “The acclaimed bar will curate the menu at the Mile High Cocktail Club, the intimate forty-seat lounge located in a converted suite on the forty-sixth floor of the hotel.” The dates are November 14-March 1.Brewpub As Tribute To Juice Wrld Opens Briefly Today“Homewood Brewing Co., a brewpub created by Carmela Wallace as a tribute to her son, the rapper known as Juice Wrld, will have a grand opening Friday and be open for a short window before regular operating hours begin,” reports the Tribune. The brewery and restaurant “has been under construction for nearly two years at the site of the former Bogart’s Charhouse. It will be open to the public only from 2pm-5pm today following a ribbon-cutting event.”Ferrero Opens $214 Million Kinder Bueno Facility In Bloomington“Ferrero North America, part of the global sweet-packaged food company the Ferrero Group, celebrated the opening of its new Kinder Bueno production facility in Bloomington, Illinois,” reports Food & Beverage. “The $214 million dollar investment creates approximately 200 new jobs and will help drive Ferrero’s continued market expansion.”FILM & TELEVISION“Hoop Dreams” At Thirty“Ambition can provide fulfilling yet fragile windows of opportunity,” suggests The Athletic. “Few basketball odes embody that notion better than the critically acclaimed film ‘Hoop Dreams,’ which celebrated the thirtieth anniversary of its release on Monday. Though the documentary follows the path of then-aspiring hoopers and Chicago natives William Gates and Arthur Agee, who remain respected in the game’s culture despite not achieving their dreams of playing in the NBA, it remains an enduring encapsulation of life’s toughest breaks for underprivileged people with goals.” “Hoop Dreams” “examines a variety of socioeconomic issues, including poverty, racism, drug addiction, domestic violence, teen pregnancy, education and family mental health.”The filmmaking trio of director Steve James, producer Frederick Marx and cinematographer-producer Peter Gilbert “planned for ‘Hoop Dreams’ to be a thirty-minute PBS special about two future NBA stars. The crew captured more than 250 hours of footage over five years after ultimately broadening its scope to study how inner cities impact aspiring basketball players and their support systems.”Talking To Bozo The Clown Fans Before Billy Corgan’s Jamboree Weekend“This weekend brings a memorabilia-packed Bozo’s Circus jamboree at Billy Corgan’s Highland Park tea shop Madame Zuzu’s. Ahead of the event, WBEZ asked Chicagoans about their most memorable Bozo the Clown moments.” More Zuzu’s Bozo’s here.LITDandelion Books Grows In Oak Park“Locals mourning the loss of The Book Table on Lake Street can get excited about a new place to find a favorite book; Oak Park residents Jamie and Kurt Ericson are opening the Dandelion Bookshop at 139 South Oak Park Avenue,” reports Wednesday Journal. The store is slated for a December opening to take advantage of holiday shopping. “When they heard The Book Table was closing, after Centuries & Sleuths in Forest Park, they came up with the idea to start their own.”MEDIAWFMT Morning Host Dennis Moore Says He Was FiredSixty-eight-year-old Dennis Moore, morning host at WFMT for over thirty years, “returned from a medical leave earlier this year and asked for schedule or other changes as an accommodation for a sleep-related issue. When station management declined and Moore rejected a buyout, he says, he was fired,” reports the Sun-Times. “To continue in the field of hosting classical music, I would have to look outside of the Chicago market to be able to do that. I’m not sure I want to relocate from Chicago at this point in my life,” Moore said.Naperville Sun Columnist Hilary Decent Was Sixty-Seven“Hilary Decent, who wrote for the Naperville Sun as both a reporter and a columnist on and off for more than fifteen years,” was sixty-seven, reports the Naperville Sun via the Trib. She “knew everyone, and everyone knew her.”Amazon Prime Running Election Night Coverage Featuring Former News Anchor Brian WilliamsAmazon Prime Video will make “its first-ever foray into live news coverage with ‘Election Night Live,’ a one-night special delivering election results and analysis on November 5,” reports Axios. “Tech firms have invested billions in live sports rights to bolster their streaming services, but live news has proved a more elusive customer acquisition tool.” The program is “a co-production between Amazon Prime Video and White Cherry Entertainment, the production team behind the Tony Awards.” Williams left NBC News in 2021 after twenty-eight years and a 2015 suspension for misrepresenting his experience during the Iraq War.MUSIC“Harry Potter and the Chamber of Secrets” In Concert At Symphony CenterThe Harry Potter Film Concert Series returns to Symphony Center for two performances, Friday, May 16 and Saturday, May 17, 2025, with “Harry Potter and the Chamber of Secrets,” in concert, the second film in the Harry Potter series. The program features John Williams’ score performed live by the CineConcerts Symphony Orchestra while the entire film plays on a forty-foot screen. More here.No More Minnesota Sinfonia“Known for improving students’ and low-income people’s access to classical music, Minnesota Sinfonia will take final bows this weekend,” reports MinnPost. “Support for the arts from foundations is diminishing and the ‘people’s orchestra,’ as it is known… plays sixty or seventy concerts a year on a modest budget of $400,000-$700,000 but doesn’t charge admission for its concerts and whose audience, in part, is low-income.”Music Fests Falter In California“Why have so many reputable events been folding?” SFGATE investigated “the crisis facing the California music festival circuit… The culprit, it turns out, isn’t as simple as inflation or a tight economy. Promoters faced a perfect storm of high hopes and terrible conditions—one that shattered a fragile equilibrium.”STAGEBecoming A Blue Man“For the first time, the popular and eclectic theater production’s eight-week training course took place in Chicago. We followed three prospective Blue Men,” reports WBEZ.Remy Bumppo Names Associate ArtistsFall 2024 additions to Remy Bumppo Theatre’s associate artists include John Boesche, Mikael Burke, Jean E. Compton, Addoris Davis, Liz Gomez, Gregory Graham, Amanda Herrmann, Kotryna Hilko, Lauren M. Nichols, Abhi Shrestha and Anna Vu. More on the company here.Hedwig Dances Sets Fortieth SeasonHedwig Dances, one of Chicago’s longest established contemporary dance companies, has announced its fortieth-anniversary season led by founder-artistic director Jan Bartoszek. The lineup includes the Ragdale Next Celebration, October 20, performing excerpts of Bartoszek’s “Meta | mor | phos”; an artistic residency on the Ragdale campus, November 18-20; “Hedwig + The Bauhaus” spring concert, April 26-27, 2025 at Ruth Page Center, reprising iconic Bauhaus-inspired works created by Bartoszek; and the fortieth-anniversary gala, June 20, 2025 at the MCA, featuring an evening of work choreographed by Jan Bartoszek and a special retrospective. More here.Hell In A Handbag Announces Twenty-Third SeasonHell in a Handbag Productions has announced its season, featuring a fan favorite and two world premieres. Now in its twenty-third year, “Handbag continues to serve Chicago audiences with the best camp and parody—thus ensuring the preservation and celebration of this unequivocally queer art form.” The season begins with a twenty-fifth-anniversary edition of artistic director David Cerda’s “holiday classic, ‘Rudolph the Red-Hosed Reindeer (An Unauthorized Musical Parody),’ directed by Anthony Whitaker. This beloved and twisted musical parody of the animated 1967 children’s television special features all your favorite misfits and Rudolph—the cross-dressing reindeer with a penchant for red hose and heels. In trademark Handbag style, ‘Rudolph’ combines parody with heartfelt moments and a splash of scathing social commentary.” More on the season and tickets here.Kokandy Closing Season With “Into The Woods”Kokandy Productions concludes its season with an immersive production of Stephen Sondheim and James Lapine’s “Into The Woods,” the first Chicago storefront production of the musical in over a decade. Directed and choreographed by producing artistic director Derek Van Barham with music direction by Nick Sula, “Into The Woods” continues through December 22 at The Chopin Studio Theatre and features Kevin Webb and Sonia Goldberg as The Baker and The Baker’s Wife, Stephanie Stockstill as The Witch, Madison Kauffman as Cinderella, Kevin Parra as Jack and Anna Seibert as Little Red. Tickets and more here.Forty-Seventh “A Christmas Carol” Starts November 16Rehearsals for the forty-seventh annual production of “A Christmas Carol” have begun under Chicago’s Jessica Thebus, as she returns for her fifth season, directing a thirty-four-member all-Chicago cast that stars Christopher Donahue in his first year as Ebenezer Scrooge, along with Kate Fry (Narrator), Anthony Irons (Bob Cratchit) and Bri Sudia (Ghost of Christmas Present). As Alternate Scrooge, Austin Tichenor steps in for ten performances. A new Tiny Tim this year—Ava Rose Doty (last seen as Young Tommy in ‘The Who’s Tommy’) is joined by young performers Isabel Ackerman, Viva Boresi, Annabel Finch, Xavier Irons and Henry Lombardo. “A Christmas Carol” runs November 16-December 30. Tickets ($25-$149) here.ARTS & CULTURE & ETC.DNC Host Committee Raised Nearly $100 Million; Economic Impact Measured At $371.4 Million“The host committee for the Democratic National Convention in Chicago raised $97 million in cash or in-kind contributions and has spent more than $83 million,” reports the Sun-Times, “with Governor Pritzker and his relatives, unions and Democratic groups among the biggest donors, according to the committee’s first report filed with the Federal Election Commission.” (Reports Crain’s, JB and MK Pritzker gave $5.6 million to put on the DNC.)Choose Chicago and the Chicago 2024 Host Committee have released a comprehensive report detailing the economic impact of the 2024 DNC on Chicago. Commissioned by Choose Chicago and produced by Tourism Economics, “the report shows that the DNC greatly exceeded economic expectations, driving a total economic impact of $371.4 million for Chicago’s economy, the most in Democratic convention history. The convention also supported 3,211 total jobs and generated $28.7 million in state and local tax revenues.” The twenty-two-page report (pdf) is here.A Caution Against Potent Cannabis; Illinois Sales Drop Two Percent“The National Academies’ report is blunt: ‘Congress should refine the definition of “hemp” to state clearly that no form of tetrahydrocannabinol [THC] or semisynthetic cannabinoid [CBD] derived from hemp is exempt from the Controlled Substances Act.’ Meanwhile, health officials should educate potential users that these products also carry substantial risk,” writes columnist Dr. Leana Wen at the Washington Post (gift link). “The bottom line from this report is that the federal government must stop ceding its authority to control these drugs.”Meanwhile, reports New Cannabis Ventures, Illinois sales figures for adult-use cannabis in September “on a per-day basis… fell 4.3 percent. The year-over-year growth was -2.2 percent, the first decline recorded. While revenue fell from a year ago, units sold increased by 8.6 percent, suggesting that revenues fell due to lower prices or substitution of lower-priced products by consumers.”Send culture news and tips to [email protected]

China’s “Groundbreaking Radar” Detects F-22 Stealth Fighters Using BeiDou Satellite Signals – Scientists

Chinese scientists have reportedly developed a new radar technology that can track and detect the US Air Force’s F-22 Raptor, one of the world’s most advanced stealth fighter jets. This innovation reportedly leverages signals from China’s BeiDou navigation satellite system, Chinese media reported. The new radar method is described as a cost-effective solution that relies…