Where are you living right
now: the
present, the
past or the future? Why?

The present. Its happening right now.

well stockyards mean a large yard containing pens and sheds, typically adjacent to a slaughterhouse, in which livestock is kept and sorted. and i'm assuming that by party you   mean a large group of people which does make sense because chicago is a very crowded place much like new york. stockyards tend to take up a lot of room due to needing the area for pens to keep animals in and the fact that stockyards are usually right by slaughterhouse where they process and distribute the product. so its much like a zoo but with some dead animal products close by.

21 balloons is the story of professor william sherman's travels.

in 1883, he set off from san francisco for a balloon ride over the pacific and was found a month later floating with 21 balloons in the atlantic ocean. this seemed an astounding feat and everyone wanted to know what had happened.    

professor sherman was loyal, however, and said he would tell his tale first to the western american explorers club in san francisco, of which he was a member. this built up suspense for several chapters before he began to tell of the wonders of his adventures and the amazing island of krakatoa, an island which had just been blown up by a volcano.  

the residents of krakatoa are all millionaires who live under a "gourmet government" of their own devising. we get to see all the incredible adventures that creative people with unlimited resources would create according to the author.