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Jul 12, 2012

Exclusive: U.S. probing failed broker PFGBest’s use of small auditor

WASHINGTON/CHICAGO (Reuters) – U.S. futures industry investigators are looking into why Iowa-based collapsed brokerage PFGBest used a tiny accounting firm that appears to be operating from inside a suburban Chicago home to audit its books, according to a person familiar with the matter.

Experts said the use of such an auditor should have been a red flag to regulators of a futures brokerage with more than $500 million in assets and several hundred employees across the United States as well as in Shanghai and Canada.

Jul 12, 2012

U.S. probing failed broker PFGBest’s use of small auditor

WASHINGTON/CHICAGO, July 11 (Reuters) – U.S. futures
industry investigators are looking into why Iowa-based collapsed
brokerage PFGBest used a tiny accounting firm that appears to be
operating from inside a suburban Chicago home to audit its
books, according to a person familiar with the matter.

Experts said the use of such an auditor should have been a
red flag to regulators of a futures brokerage with more than
$500 million in assets and several hundred employees across the
United States as well as in Shanghai and Canada.

Jun 15, 2012

In Wisconsin and Minnesota, lessons for Romney

MANKATO, Minnesota (Reuters) – For Republicans and Mitt Romney, Minnesota is looking like the state that might have been.

It was long a fly-over state for presidential candidates – not worth a visit, since it voted reliably Democrat. After strong gains in 2010 midterm elections, though, conservatives thought they had a real chance to change that.

Jun 6, 2012

Analysis: Conservatives used tactics of the left in Wisconsin win

MADISON, Wisconsin (Reuters) – Activists with the conservative Tea Party movement say they owe a lot to their schooling in left-wing community organizing tactics for the historic Republican victory over the Democrats and their union allies in the Wisconsin recall election.

While the Democrats said huge campaign spending by conservatives supporters of Republican Scott Walker allowed him on Tuesday to become the first governor in U.S. history to survive a recall election, the Republicans point to their grassroots, get-out-the-vote work as more important.

Jun 6, 2012

Wisconsin result could inspire further attacks on unions

MILWAUKEE, June 6 (Reuters) – The White House on Wednesday
shrugged off the idea that Republican Governor Scott Walker’s
recall election victory in Wisconsin spelled trouble for
President Barack Obama’s Nov. 6 re-election bid, while analysts
said the result may embolden Republican governors in other
states to take on labor unions.

Walker on Tuesday survived a recall election instigated by
liberal critics opposed to his bold moves to limit the rights of
public sector unions in the Midwestern state that could be a key
battleground in November’s presidential election.

Jun 6, 2012

Wisconsin’s Walker makes history surviving recall election

MILWAUKEE, June 5 (Reuters) – Wisconsin’s Scott Walker
became the first governor in U.S. history to survive a recall
election on Tuesday in a decisive victory that dealt a blow to
the labor movement and raised Republican hopes of defeating
President Barack Obama in the November election.

Unions and liberal activists forced the recall election over
a law curbing collective bargaining powers for public sector
workers passed soon after Walker took office in 2011.

Jun 6, 2012

Republican governor survives Wisconsin recall election

MILWAUKEE, June 5 (Reuters) – Wisconsin Republican Governor
Scott Walker will become the first governor in U.S. history to
survive a recall election, television networks projected on
Tuesday, a setback for labor unions and a boost to Republican
hopes in November’s presidential election.

Major networks projected Walker would be the winner about an
hour after the polls closed in Wisconsin in the divisive
election that left families at odds and neighbors not speaking
to each over Walker’s push to curtail collective bargaining by
public sector workers.

Jun 6, 2012

Wisconsin recall election too close to call after polls close

MILWAUKEE (Reuters) – The outcome of the Wisconsin recall election on Tuesday was too close to call between Republican Governor Scott Walker and Democratic challenger Tom Barrett as polls closed across the state, broadcast networks said based on exit polls.

Walker was forced to face voters in the Midwestern Rust Belt state after he pushed through severe restrictions on the collective bargaining of unionized government workers.

Jun 5, 2012

Voting brisk in closely-watched Wisconsin recall

MILWAUKEE, June 5 (Reuters) – Wisconsin voters turned out in
force on Tuesday to decide whether to throw Governor Scott
Walker out of office in a rare recall election forced by
opponents of the Republican’s controversial effort to curb
collective bargaining for most unionized government workers.

The rematch with Milwaukee’s Democratic Mayor Tom Barrett,
who Walker defeated in a Republican sweep in 2010, is the end
of six months of bitter fighting in the Midwestern Rust Belt
state over union restrictions Walker enacted.

Jun 5, 2012

All eyes on Wisconsin governor’s recall election

MILWAUKEE (Reuters) – Wisconsin voters will decide on Tuesday whether to throw Governor Scott Walker out of office in a rare recall election forced by opponents of the Republican’s controversial effort to curb collective bargaining for most unionized government workers.

The rematch with Milwaukee’s Democratic Mayor Tom Barrett, who Walker defeated in a Republican sweep of the state in 2010, is the end-game of six months of bitter fighting in the Midwestern Rust Belt state over the union restrictions Walker proposed and enacted.

    • About Nick

      "Nick Carey is a Chicago-based, British-born journalist who has covered everything from the near-collapse of the Big Three automakers to the U.S. housing crisis. Nick is currently on general assignment, reporting on the human impact of the recession. He previously spent ten years working in central and eastern Europe."
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