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Articles Archive for July 2007

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[30 Jul 2007 | No Comment | ]

(AP) — The Federal Reserve Bank of Chicago announced Monday that Charles Evans will become its next president on Sept. 1.
Evans, 49, is currently senior vice-president and director of research at the regional Fed bank. He joined the Chicago Fed in 1991 and has headed the research department …

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[30 Jul 2007 | No Comment | ]

(Reuters) — Commercial insurer CNA Financial Corp. reported lower quarterly earnings on Monday as investment losses increased, partly due to writedowns on bonds linked to subprime mortgages, sending its shares down as much as 12 percent.
CNA, 89 percent-owned by New York conglomerate Loews

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[19 Jul 2007 | One Comment | ]

A groundbreaking effort to switch a public employee pension system from a defined benefit plan to a defined contribution plan is underway in Chicago.
The Chicago Transit Authority wants to follow a growing trend in the private sector toward a 401(k)-type retirement system in which the employer and employee make regular contributions into a retirement account controlled by the employee. Supporters say this approach can save taxpayers money while still providing solid retirement income for state workers.
A CTA spokeswoman said Chicago Mayor Richard M. Daley, the state’s most powerful Democrat, has …

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[13 Jul 2007 | No Comment | ]

Conrad Black, the British noble who built a newspaper empire that included the Chicago Sun-Times, is convicted of mail fraud and obstruction.

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[12 Jul 2007 | No Comment | ]

Top 100 Administrator Salaries
2006 search results.
Click ‘Name’ or ‘Salary’ or ‘District Name’ to re-sort data by that field.
Name Salary District Name
Catalani Gary T $380,227 CUSD 200
Cordts – Barke Ginnell A $368,000 BELLWOOD SD 88
Bangser Henry S $356,500 NEW TRIER TWP HSD 203
Kunesh Karen T $356,258 BERKELEY SD 87
Curley Mary M $321,149 HINSDALE CCSD 181
Kelly Dennis G $317,226 LYONS TWP HSD 204
Marks Linda R $316,874 GOLF ESD 67
Griffith Harry D $301,537 LAKE FOREST SD 67
Kanold Timothy D $292,938 ADLAI E STEVENSON HSD 125
Codell Neil C $286,208 NILES TWP CHSD 219
Bultinck Howard …

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[11 Jul 2007 | No Comment | ]

The note sent by the Conrad Black jury Tuesday was as tough to interpret as a paragraph by James Joyce.
“We have discussed and deliberated on all the evidence, and we are still unable to reach a unanimous verdict on one or more counts,” the note said. “Please advise.”