Chicago

Wins, losses and draws in Chicago school strike - CNN.com

"Across the board, on every issue, the teachers got a more favorable outcome than the school system," [Professor Bruno] said Wednesday.
The deal, which still must be ratified by the union's overall membership, calls for an average raise of 17.6% over four years... it also strips out a merit pay program that would have been tied to increased emphasis on student test scores... Teachers also managed to hold the line on health insurance increases, and protect seniority pay increases and raises for additional education that the school system wanted to limit or eliminate. Union officials also trumpeted victories in ... The union didn't get all it wanted. In addition to the salary compromise, the school day and year will be extended
"The mayor doesn't walk away empty-handed from this,"

Well, maybe not quite.

From the viewpoint of progressive Matthew Yglesias we get Chicago public schools' pension crunch.

I get annoyed when conservatives talking about the federal government running out of money, but listening to some progressive crowing about the outcome of the Chicago teachers strike it's also frustrating when people don't acknowledge that the city of Chicago most certainly can run out of money. Things like extra money for music and art teachers could be great ideas or could be bad ones depending on where it comes from. But it's not as if Chicago Public Schools is sitting on some giant pile of money that administrations have just been refusing to use. On the contrary, it's actually sitting on a large unfunded pension obligation:...

Everybody's going broke.
Or then again, maybe not?

update: The libertarian summary is found on Saturday Links | The Agitator

Step one: Capitulate to the teachers’ union in the largest city in your state. Step two: Ask the rest of America to guarantee your state’s $200 billion pension gap.

Yeah, everybody's going broke.