Originally published on Mon September 10, 2012 8:59 am
Remember the dark days of 2008 when insurer American International Group Inc., better known as AIG, nearly collapsed under the weight of the mortgage crisis before Washington rode to the rescue to the tune of $182 billion?
Then there was the public outrage when AIG executives got millions in bonuses after receiving the largest of all of the Wall Street bailouts.
Since then, the New York-based insurance giant has been essentially a government-owned enterprise, with Uncle Sam holding a controlling share.
Originally published on Mon September 10, 2012 3:58 pm
Teachers in Chicago walked off the job Monday after contract negotiations fell through, leaving 400,000 students in the nation's third-largest district shut out of their classrooms.
Contract talks broke down late last night, and by Monday morning Chicago public school teachers, many wearing red T-shirts and carrying signs, were picketing around the city for the first time in a quarter-century.
Public school teachers in Chicago, the nation's third largest school district, are on strike today. Contract talks went into late Sunday night but failed to reach an agreement, and this marks the end of 25 years of relative labor peace in Chicago, a city with strong unions. Becky Vevea of member station WBEZ reports.
Originally published on Mon September 10, 2012 7:46 am
T.C. Boyle's newest book is called San Miguel. It comes out this month.
When I was a teenager my reading was largely confined to liner notes (The Rolling Stones: England's Newest Hit Makers!), but at some point — later, rather than sooner — I stumbled across a book or two and got hooked. A whole panoply of things came rushing at me — Hemingway's stories, J.D. Salinger, Cannery Row,On the Road, Tolkien, Vonnegut — but it was Franz Kafka who really set my wheels spinning.