Thursday, March 15, 2012

US, Japan, Britain urges support for global warming fund as G-8 meet

U.S. Treasury Secretary Henry Paulson urged other Group of Eight industrialized nations Friday to back a special fund of up to US$10 billion to provide money for developing nations to fight global warming.

The threats of climate change and sharing views on soaring oil and food prices were among the topics on hand at a Group of Eight finance ministers' meeting opening Friday.

U.S. Treasury Secretary Henry Paulson appeared with his counterparts from Japan and Britain, and World Bank Group President Robert Zoellick, to encourage G-8 nations to back the fund called Climate Investment Funds.

"None of us in the world are going to solve this …

Labor leader sends warning to Daley Sew up contract talks or be embarrassed at mayors' conference

Chicago's most powerful labor leader on Monday issued a thinlyveiled warning to Mayor Daley: End the two-year-long negotiatingstalemate with unions representing 20,000 city employees or risk theembarrassment that comes with labor unrest when Chicago plays host tothe U.S. Conference of Mayors in June.

Chicago Federation of Labor President Dennis Gannon turned up theheat even as he acknowledged that, after 64 bargaining sessions over24 months, negotiators are finally making progress on work-rulechanges and furlough days that Daley says he needs to save $20million a year.

"If this was normal negotiations on the outside, we would have hadthis shut down [with a strike or …