2008?

U.S. senator Barack Obama insists he won’t seek higher office in 2008. But that has hardly squelched the buzz among Democratic faithful that he would be perfect atop the party ticket. As the race for the presidency heats up, our reporter parses the possibilities, including the one in which Obama makes history sooner than anyone—even he—expects.

Foul Trouble

When ex–Bulls star Scottie Pippen needed a new financial adviser, he turned to a smooth-talking investment guru named Bob Lunn, whose clientele included a cross section of Chicago’s elite. For a time the two made a terrific team, whether golfing, socializing, or talking almost daily about money. But then their relationship unraveled into a bitter dispute that has left Lunn bankrupt—and Pippen claiming in court he has lost millions of dollars.

Hedge Fun

Over the past 15 years, Kenneth Griffin has quietly—even secretively—built one of the world’s largest and most successful hedge funds. Now he and his wife, owners of a $60-million Cézanne, are rising stars on the city’s culture and charity scenes.