Chicago Mayor Rahm Emanuel’s plan to quell his city’s gun violence with more jail time is running into Illinois fiscal reality as well as claims that mandatory prison sentences, popular in statehouses for decades, are unaffordable and ineffective deterrents to crime.
Chicago Tribune, the flagship newspaper of bankrupt Tribune Co., said it would close its Rome bureau and reduce the number of employees in Jerusalem as part of a previously announced plan to lower expenses.
Between scouting banquet halls for eighth-grade graduation and disciplining a boy who bit a classmate, Principal Aaron Rucker spotted five gang members near William H. Ryder Elementary and pulled his silver Range Rover to the curb.
Tribune Co., publisher of the Los Angeles Times, Chicago Tribune and Baltimore Sun, plans to spin off its newspapers into a separate business, letting the company focus on its more lucrative local television stations.
Publisher Tribune Co. filed a modified Chapter 11 plan on Oct. 23 incorporating a revised settlement announced this month. In addition to Tribune, proponents of the revised plan include the official creditors’ committee, senior lenders Oaktree Capital Management LP and Angelo Gordon & Co., and JPMorgan Chase Bank NA, as agent for the senior lenders.
Eric T. Miller, the longtime chief strategist for Donaldson Lufkin & Jenrette who called the stock- market bottom in 1982 and became a go-to analyst of the bull market that followed, has died. He was 85.