Hotness In The News Friday May 29

Hotness in the News by SociaLifeChicago is your daily intel for quick news stories to get your morning started and get you up to date on what’s going on in Chicago and the world. Make small talk, better.

  “I know the price of success: dedication, hard work, and an unremitting devotion to the things you want to see happen.”
― Frank Lloyd Wright

CHICAGO NEWS

• Thanks Tom! Tom Thibodeau’s five-year tenure as head coach of the Bulls ended Thursday with two years and $9 million remaining on his contract. The 2010-11 NBA Coach of the Year, he led the team to the playoffs in each of his five seasons, though the team announced in a statement that a change was needed. [ESPN]


NATIONAL NEWS

Former U.S. House speaker Dennis Hastert was indicted on federal corruption charges for allegedly structuring withdrawals of over $950,000 in cash in a way to avoid reporting requirements. It seems there’s a deeper mystery to it all as many reports have speculated it was a cover up as payments were made to “Individual A” to “compensate for and conceal his prior misconduct against Individual A.” Before entering state and federal politics in 1981, Has­tert served for more than a decade as a teacher and wrestling coach at Yorkville High School in Illinois.” Individual A met with Hastert repeatedly “in or about 2010″ and “discussed past misconduct” by Hastert against him or her that “had occurred years earlier.” And, allegedly, Hastert paid Individual A off. Are they alluding to what we think they are? The plot thickens. [WASHINGTON POST]


WORLD NEWS

Secretary of State John Kerry led the U.S. delegation attending the swearing in and inauguration of Nigeria’s new president Mohammadu Buhari, in the country’s first peaceful civilian transfer of power in Nigerian history. One of the main concerns now is the fight against the terror group Boko Haram and resolving problems of chronic corruption. [WASHINGTON POST]


SPORTS

Though several top FIFA leaders were arrested earlier this week in a sweeping corruption scandal, FIFA president Sepp Blatter is expected to win re-election for his fifth term, though some have urged him to step down. [NY TIMES]

Alex Rodriguez tied Barry Bonds for second place on the career RBI list with 1,996, behind all-time leader Hank Aaron. You remember Rodriguez sat out last season due to doping suspension in which Barry Bonds was also prosecuted for. In the offseason Bonds gave Rodriguez hitting tips, which must have payed off “Barry is a great guy and he is a true professor of the game of baseball.”
[USA TODAY]


BUSINESS

Jessica Alba is the $200million woman who helped build the billion dollar The Honest Company, a company that “feeds a growing demand for safe, nontoxic products, particularly among young helicopter parents.”  She owns between 15% and 20% of the company and in 2012, its first year selling products, it hit $10 million in revenue. By last year it was $150 million, and industry insiders are predicting over $250 million this year. [FORBES]


CELEBRITIES

Michael Jackson’s ‘Neverland Ranch’ can be yours for the low price of $100 million! Now known as Sycamore Valley Ranch, the property 40 miles from Santa Barbara is now void of the amusement park rides and some of the animals but the iconic floral clock, which spells out “Neverland,” is still there; it is being listed by Sotheby’s International Realty and Hilton & Hyland. [WSJ]


FASHION

Former Gucci Creative Director Frida Gianini and former Gucci President/CEO Patrizio di Marco, who suddenly parted ways with the Kering Group brand earlier this year are set to get married June 5. [WWD]


LOOK OF THE DAY

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