CDO woes no mo’ Five Wisconsin school districts have settled a lawsuit with an investment firm over the sale of collateralized debt obligations. The school districts say the firm sold them CDOs without disclosing the risks involved. The districts will get $22 million from the firm, according to the Wall Street Journal. And they won’t have to pay the $154 million they still owe the firm.
Et tu legislature? Ohio governor John Kasich’s plan to tax oil and gas companies seems to be stalled in the state legislature. Partner station WCPN Ideastream reports that Kasich’s own Republican colleagues are the reason for the holdup.
No protest permit Partner station WBEZ reports the city of Chicago has turned down a permit request from people who plan to protest the upcoming NATO summit. The city had previously approved a permit for the same protest route one day earlier. Protesters asked to switch the day after the G-8 summit was canceled in the city.
Gambling go-ahead Partner station Michigan Radio reports last night the Lansing city council voted to approve a new $245 million casino. The casino would be built in the city’s downtown. It still needs federal approval.
Not the Abba song, right? Wisconsin governor Scott Walker talked to Greta Van Susteren of Fox News last night. He said the recall against him is a “Waterloo” for unions.
So much for pancakes this year Maple syrup producers in Wisconsin say this is their worst year in memory, according to the Milwaukee Journal Sentinel. Because of the warm weather, sap only ran for one day in some places. Usually, it runs for weeks.
Vote vote vote If you live in Illinois, it’s primary day. Here’s a guide, from partner station WBEZ.