Author: staff

A Canadian Pacific train hauls oil westward through Banff National Park, Alberta, Canada, Sunday, Nov. 28, 2021. Refineries on the west coast of Canada have run short of crude oil following the shutdown of pipelines due to catastrophic flooding in southern British Columbia. (Frank Gunn/AP)

Businesses have been dealing with supply chain problems and higher costs for months. It has been a key concern for investors as big companies pass those costs off to consumers, who have so far been absorbing higher prices on everything from groceries to clothing and other consumer products. On Friday, the Labor Department reported that consumer prices surged 6.8% for the 12 months ending in November, the biggest increase in 39 years.

“The agreement concludes nearly 10 years of litigation and will result in the creation and distribution of a settlement fund to benefit those staff members affected by the turnarounds,” the CTU statement read. “Resolving this matter is in CPS students’ best interest and will allow the District to move forward while the impacted teachers and staff will receive some compensation for the harm that was done to them. As a union, we have fought for increased funding for schools, adequate staffing and fair treatment of all teachers, regardless of race.”

Gasoline prices are displayed at a station in Philadelphia, Wednesday, Nov. 17, 2021. Prices for U.S. consumers jumped 6.8% in November compared with a year earlier as surging costs for food, energy, housing and other items left Americans enduring their highest annual inflation rate since 1982. (Matt Rourke/AP)

Schuler, who in addition to serving as president of Abbott Laboratories from 1987-1989, is also a founding investor of Ventana Medical Systems and Stericycle Inc., which sterilizes and recycles medical infectious waste, and his wife, Renate, plan to give all his wealth to the Lake Forest, Illinois-based Schuler Education Foundation that he founded to help send underserved students to selective colleges.