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Sep 13, 2012

Wealthy base helps Emanuel take on Chicago teachers union

CHICAGO, Sept 12 (Reuters) – Chicago Mayor Rahm Emanuel
received far more money in campaign donations from wealthy
financiers and entrepreneurs backing school reform than from
unions, leaving him freer to confront the city’s teachers than
some fellow Democrats, an examination of donations to his 2011
campaign shows.

The city’s 29,000 teachers have been on strike since Monday,
halting classes in the country’s third-largest school district,
over contract negotiations that are snagged on job security and
Emanuel’s plan to rate teachers based on students’ standardized
test scores.

Sep 12, 2012

Chicago Mayor Emanuel and striking teachers still deadlocked

CHICAGO (Reuters) – Chicago Mayor Rahm Emanuel and unionized teachers argued publicly on Tuesday over how to improve struggling inner-city schools as negotiations remained deadlocked on the second day of a strike that has closed the nation’s third-largest school district.

The two sides could not even agree on how far apart they were in the bitter negotiations over a new contract for some 29,000 teachers and support staff who went on strike for the first time in a quarter century.

Sep 11, 2012

Chicago mayor and union spar on second day of teachers strike

CHICAGO, Sept 11 (Reuters) – Chicago Mayor Rahm Emanuel and
unionized teachers argued publicly on Tuesday over how to
improve struggling inner-city schools as negotiations remained
deadlocked on the second day of a strike that has closed the
nation’s third-largest school district.

The two sides could not even agree on how far apart they
were in the bitter negotiations over a new contract for some
29,000 teachers and support staff.

Sep 11, 2012

Chicago teachers strike likely to continue for second day

CHICAGO, Sept 10 (Reuters) – Thousands of public school
teachers marched in downtown Chicago on Monday as the first
strike in a quarter century showed no signs of ending soon in a
dispute 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 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.

    • 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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