News Alert: Mayor Bloomberg Eliminates Teacher Raises to Save Jobs

Breaking News Alert
The New York Times
Wed, June 02, 2010 -- 10:29 AM ET
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Mayor Bloomberg Eliminates Teacher Raises to Save Jobs

After warning of massive teacher layoffs for months, Mayor
Michael R. Bloomberg announced Wednesday morning that the
city will eliminate planned raises for all New York City
teachers for the next two years, which he said would "save
the jobs of some 4,400 teachers."

In a statement released to reporters, Mr. Bloomberg said he
had spoken with Michael Mulgrew, the president of the United
Federation of Teachers, about his decision.

Read More:
http://cityroom.blogs.nytimes.com/2010/06/02/mayor-eliminates-teacher-raises-to-save-jobs/?emc=na

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Consumer Advisory Council appointment

Consumer Advisory Council appointment

http://www.federalreserve.gov/newsevents/press/other/20100602a.htm

Released by the Board of Governors of the Federal Reserve System

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List of items posted to the Board's website over the past two weeks

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News Alert: Steven L. Rattner, Financier, Fights S.E.C. Attempt to Curb His Work

Breaking News Alert
The New York Times
Tue, June 01, 2010 -- 10:04 PM ET
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Steven L. Rattner, Financier, Fights S.E.C. Attempt to Curb His Work

As it investigates a suspected kickback scheme in New York's
pension system, the Securities and Exchange Commission has
been pushing to bar Steven L. Rattner, a prominent financier
and former Obama administration car czar, from working in the
securities industry for up to three years, according to three
people told of the discussions.

But Mr. Rattner has fiercely resisted the proposed penalty,
setting up a face-off with the federal government, according
to these people, who spoke on the condition of anonymity
because the negotiations are intended to be confidential.

It would be the most severe penalty for any of the Wall
Street executives ensnared in the wide-ranging pension
investigation.

Read More:
http://www.nytimes.com/2010/06/02/business/02sec.html?emc=na

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News Alert: Japan's Prime Minister Plans to Resign, NHK Television Reports

Breaking News Alert
The New York Times
Tue, June 01, 2010 -- 8:56 PM ET
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Japan's Prime Minister Plans to Resign, NHK Television Reports

Japan's NHK television reports that the prime minister, Yujio
Hatoyama, has told senior officials of the ruling Democratic
Party that he plans to resign.

Read More:
http://www.nytimes.com?emc=na

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Agencies release list of distressed or underserved nonmetropolitan middle-income geographies

Agencies release list of distressed or underserved nonmetropolitan middle-income geographies

http://www.federalreserve.gov/newsevents/press/bcreg/20100601a.htm

Released by the Board of Governors of the Federal Reserve System

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Written agreement with Northeast Securities Corporation

Written agreement with Northeast Securities Corporation

http://www.federalreserve.gov/newsevents/press/enforcement/20100601b.htm

Released by the Board of Governors of the Federal Reserve System

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Written agreement with Bank of Little Rock

Written agreement with Bank of Little Rock

http://www.federalreserve.gov/newsevents/press/enforcement/20100601a.htm

Released by the Board of Governors of the Federal Reserve System

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