This is what happens when you work across the street from the Chicago Teachers Union:
As part of their negotiations with the Chicago Public Schools and the City of Chicago, the CTU are withdrawing their funds from Bank of America. The Tribune has background:
One day after the Chicago Teachers Union rejected a contract proposal from Chicago Public Schools, district officials said they would slash school budgets and stop paying the bulk of teachers' pension contributions — moves CTU's president quickly blasted as "an act of war."
CPS officials told reporters of their plans while announcing the district would make a fresh attempt Wednesday to borrow hundreds of millions of dollars to keep the school system's finances afloat.
Mayor Rahm Emanuel is also taking shots at the union:
[B]y intentionally and unilaterally whacking tens of thousands of CTU members right in their wallet—and spreading word that Rauner is trying to sabotage the bond deal—Team Emanuel did something more: make it clear that, the Laquan McDonald controversy or not, they're tired of playing patsy.
CTU doesn't like it, and is planning a big protest rally. It accuses Emanuel of “intimidating” the union. But there's no sign of a strike, and the union will have to convince Chicagoans that its members deserve a defined benefit pension with a 3 percent compounded annual inflation hike for only the 2 percent of salary members still will have to pay.
Of course, the 500,000 children who could be turfed out of school should the union strike, and the parents who will have to stay home from work to care for them, would be the proverbial grass that suffers when elephants wrestle.
I'll have more about the news trucks outside my building later today.