The trading pits at the Chicago Board of Trade and the Mercantile Exchange have long been potent symbols of American capitalism. And they used to be as rough and tumble as the city itself, where burly men bought and sold commodities like hogs, cattle, corn and soybeans.
Trading volume has gone up considerably in recent years, but Chicago's trading pits are tamer places today — the result of a revolution futures trading has undergone over the past quarter century. Much of the trading has left the pits and gone electronic.
This is WEEKEND EDITION from NPR News. I'm Scott Simon. Chicago teachers voted to end their strike this week, the first in 25 years, and came back to class. It brought an end to a heated confrontation between leaders of the Chicago teachers union and Mayor Rahm Emanuel, who repeated this phrase time and again during the strike.
MAYOR RAHM EMANUEL: This was a strike of choice and it's a wrong choice for the children. Really, it was a choice.
Chicago Alderman Proco "Joe" Moreno, who led the opposition in his city to the opening of a Chick-fil-A restaurant there because of company President Dan Cathy's outspoken stand against same-sex marriage, now says he won't stand in the fast-food chain's way.
Tens of thousands of students are back in school this morning in Chicago.
As we told you yesterday, the Chicago Teachers Union voted to end the seven-day walkout. This morning, reports The Chicago Sun-Times, everyone was excited to get back to normal — the teachers, the students and even the mayor.