Former Goldman banker settles SEC 'pay-to-play' charges
WASHINGTON/CHICAGO - A former Goldman Sachs Group Inc. investment banker has agreed to a five-year securities industry ban and a record fine to settle Securities and Exchange Commission charges that he broke rules against influence peddling to win bond underwriting business in Massachusetts.
CPS sets security plans for closings
Chicago Public Schools today unveiled a security plan for students whose schools are closed that includes expanding the Safe Passage program to every school that receives the displaced students.
Insight: Chicago Fed warned on high frequency trading, SEC slow to respond
NEW YORK - More than two years ago, the Federal Reserve Bank of Chicago was pushing the U.S. Securities and Exchange Commission to get serious about the dangers of superfast computer-driven trading. Only now is the SEC getting around to taking a closer look at some of those issues.
Found more than 1 month ago on channel Reuters
When Flying Was a Thrill
Hugh Pickens writes writes "Bob Greene writes that flying, with jammed-to-the-groaning-point cabins and torture-rack legroom; fees for everything from checking your bags to being handed a paltry package of food; and the endless, we'll-X-ray-you-to-within-an-inch-of-your-dignity security lines, is too often such a dreary, joy-sapping slog that it's difficult to remember that it was ever any other way. But back in the 1930s, '40s and '50s — even the 60s, flying was a big deal. When a family went on vacation by air, it was a major life event. 'Traveling by air in those years wasn't like boarding a flying bus, the way it is today,' says Christopher Lynch, author of "When Hollywood Landed at Chicago's Midway Airport," a celebration of the golden years of commercial air travel in the United States. 'People didn't travel in flip-flops. I mean, no offense, Mister, but I don't want to see your toes.' The trains were still king in those years and the airlines wanted to convince people that flying ...
Found more than 1 month ago on channel Slashdot
Prosecutors: Driver hit car on purpose before stabbing guard
After intentionally slamming his car into another vehicle in downtown Chicago, a west suburban man stabbed a security guard who tried to help at the crash scene before a police sergeant shot the assailant as he threatened her, prosecutors said.