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Daily Bafflements

• Chicagoans appear to be disillusioned; Rahm now faces a runoff. As the the AP puts it, “Emanuel discovered it wasn’t enough to spend millions of dollars on TV ads, earn the backing of the city’s business leaders, and secure the hometown endorsement of President Barack Obama.” Bob Secter at the Chicago Tribune adds, “There also could be broader political implications heading into the 2016 presidential election season, with progressive liberal and union forces signaling an ability to make life hard for a prominent Democrat whom they consider cozy with the interests of Wall Street and distant from the cares of everyday workers.”

• Today is National Adjunct Walkout Day, a protest staged against adjuncts’ job insecurity and relatively low pay.

• Well, D.C. is about to get a lot more interesting: the Secret Service is soon going to be conducting drone exercises while everyone gets high.

• Today in Billionaires and Headline of the Day, from CNBC.com: “Billionaire Jeff Vinik: No bubble in tech stocks.”