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Sep 11, 2012

Thousands of striking teachers rally in Chicago

CHICAGO (Reuters) – Thousands of public school teachers marched in downtown Chicago on Monday and parents scrambled for child care during the first teachers’ strike in a quarter century over reforms sought by Mayor Rahm Emanuel and endorsed by President Barack Obama’s administration.

Some 29,000 teachers and support staff in the nation’s third-largest school system were involved, leaving parents of 350,000 students between kindergarten and high school age to find alternative supervision.

Sep 10, 2012

Thousands of Chicago teachers rally on first day of strike

CHICAGO (Reuters) – Thousands of public school teachers marched in downtown Chicago on Monday and parents scrambled for child care during the first teachers’ strike in a quarter century over reforms sought by Mayor Rahm Emanuel and endorsed by President Barack Obama’s administration.

Some 29,000 teachers and support staff in the nation’s third-largest school system were involved, leaving parents of 350,000 students between kindergarten and high school age to find alternative supervision.

Jul 19, 2012

SpongeBob coins among Peregrine assets seized by FBI

CHICAGO, July 19 (Reuters) – Silver SpongeBob SquarePants
coins minted by a private company in New Zealand were among the
assets seized by FBI agents from Peregrine Financial Group after
its chief confessed to nearly 20 years of fraud last week.

Ira Bodenstein, the trustee in Peregrine’s bankruptcy case
in Chicago, said the coins were in a vault at the firm’s Cedar
Falls, Iowa, headquarters. The value of the takings was not
immediately clear.

Jul 19, 2012

SpongeBob coins among assets seized by FBI from Peregrine HQ

CHICAGO (Reuters) – Silver SpongeBob SquarePants coins minted by a private company in New Zealand were among assets seized by FBI agents from Peregrine Financial Group after its chief confessed to nearly 20 years of fraud last week.

Ira Bodenstein, the trustee in Peregrine’s bankruptcy case in Chicago, said the coins were in a vault at the firm’s Cedar Falls, Iowa, headquarters. The value of the takings was not immediately clear.

Jul 18, 2012

Kansas Republicans war over “Ryan plan” style tax cuts

WICHITA, Kansas (Reuters) – Fiscal conservatives in Kansas have turned their state into a laboratory to test reforms similar to the “Ryan plan” for massive tax cuts at the national level — and the result has been a Republican civil war.

Backers of recent state tax cuts argue they will create jobs and boost the economy to partially offset lost revenue, with budget cuts solving the remaining shortfall. The tax cuts go into effect in January, and the Kansas Legislative Research Department calculates the lost revenue will amount to the equivalent of 36 percent of the state budget within five years.

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.

    • 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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