Bruce Rauner is a private-equity executive running for governor of Illinois who wears an $18 watch and a Carhartt vest as he discusses how he’ll shake up government. That’s what viewers see in television ads promoting the political novice in tomorrow’s Republican primary.
The Tea Party feted its five-year anniversary last month with three U.S. senators it helped elect, two of them presidential contenders. Now Occupy Wall Street, the other populist movement to emerge from the financial crisis, can claim electoral success: a Seattle city council member.
Girard College, which for 166 years has schooled and housed low-income students in Philadelphia in a walled campus by decree of its namesake founder, is paying a premium in the bond market after Wall Street deals backfired.
The president of the American Federation of Teachers, Randi Weingarten, said in an interview on Bloomberg Television’s “Political Capital With Al Hunt” airing this weekend that she is “cautiously optimistic” that a deal will be reached to end Chicago’s teachers’ strike within a couple of days.
Some hedge-fund managers recently came under pressure from the American Federation of Teachers to quit the boards of certain organizations, such as Students First and the Manhattan Institute for Policy Research, that favor the elimination of public-sector defined-benefit pension plans.
U.S. public-school teachers are facing the biggest challenge to their job security in more than half a century as politicians target seniority rules that make the last hired the first fired when jobs are cut.