U.S. Senator Scott Brown is urging JPMorgan Chase CEO Jamie Dimon to take back bonuses and incentive pay from those involved in risky trading that led to a $2 billion loss. WAMC’s Lucas Willard reports…
Brown said Wednesday that taking back the bonuses, including any money Dimon might have received, would demonstrate the bank is serious about fixing the mistakes that led up to the loss.
Brown's comments came as Dimon told Congress that senior bank executives responsible for a $2 billion trading loss will probably have some of their pay taken back by the company.
With just two weeks until the new fiscal year, the City Council in Springfield Massachusetts will start holding hearings on a proposed budget that cuts municipal services while calling for higher fees and taxes. WAMC”s Paul Tuthill reports.
Springfield City Councilor Timothy Rooke, who chairs the finance committee, says the administration has not squeezed enough savings from city government.
The state's top elections official wants a stronger system of monitoring the hefty sums of cash likely to be spent on influencing future local casino votes in Massachusetts. WAMC’S Paul Tuthill reports.
Secretary of State William Galvin urged a legislative panel on Wednesday to support a bill that would require all campaign expenditures made on casino referendums to be reported to the state office of Campaign and Political Finance.
Currently, spending on local ballot issues must only be reported to the clerk's office in that community.
The city of Springfield Massachusetts will reduce its municipal workforce and cut some city services under a budget recommended by the mayor. At the same time, the city council is being asked to raise almost $3 million in fees and taxes to avoid even deeper cuts. WAMC's Pioneer Valley Bureau Chief Paul Tuthill reports.
An inner city neighborhood once lost to blight and crime has undergone a transformation that officials believe could serve as a model for the entire country. The neighborhood revitalization in Springfield Massachusetts required substantial public financing, without which officials insist it could not have happened. WAMC’s Pioneer Valley Bureau Chief Paul Tuthill reports.
The Massachusetts Teachers Association reached an agreement with the non-profit group Stand for Children, which advocates for improved public education in the state.
Stand for Children has been collecting signatures for a ballot initiative to let voters decide if teachers in Massachusetts should face stricter evaluation and give up certain seniority rights. The deal reached between the MTA and Stand for Children hinges on new legislation that would mark compromise between both sides.
Executive Director of Stand for Children Jason Williams…
The next state budget in Massachusetts is likely to include the first increase in local aid in four years. But, it appears it won't be enough to avert layoffs and service cuts in the state's third largest city. WAMC's Pioneer Valley Bureau Chief Paul Tuthill reports.
Federal investigators say they are launching a public awareness campaign that could include billboards and television ads to help solve the 1990 art heist from Boston's Isabella Stewart Gardner Museum.
The campaign could go international and is expected to be similar to the operation that led to the capture of James "Whitey" Bulger.
The Boston Globe reports the campaign will reintroduce the public to the 13 stolen masterpieces, including works by Rembrandt, Vermeer, Degas, and Manet, and try to solicit information concerning their whereabouts.