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Quick Hit
by Ellyn Fortino
10:20pm
Wed Sep 28, 2016

Chicago Teachers Union Sets October 11 Strike Date

The Chicago Teachers Union's governing body approved an October 11 strike date Wednesday, putting the union one step closer toward its second walkout since 2012. 

"If we cannot reach an agreement by then, we will withhold our labor," CTU President Karen Lewis told reporters Wednesday evening after a special meeting of the union's House of Delegates. 

CTU and school district officials have yet to agree on a new labor contract to replace the one that expired in June 2015.

Quick Hit
by Ellyn Fortino
4:57pm
Wed Sep 28, 2016

Report: U.S. Taxpayers Subsidized $725 Million In Wall Street CEO Bonuses In The Last Four Years

Twenty leading U.S. banks collectively paid their top five executives $2 billion in tax-deductible bonuses between 2012 and 2015, according to a recent report examining Wall Street CEO pay.

That $2 billion figure works out to be a tax break valued at $725 million, or $1.7 million per executive per year, the Institute for Policy Studies (IPS), a progressive think tank, found.

"Taxpayers should not have to subsidize excessive CEO bonuses at any corporation," report co-author and IPS Global Economy Project Director Sarah Anderson said in a statement. "But such subsidies are particularly troubling when they prop up a pay system that encourages the reckless behavior which caused one devastating national crisis -- and could cause more in the future."

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