Quinn throws Hail Mary on pension reform

Chicago Tribune political editor Eric Krol reports on Gov. Pat Quinn's pension reform efforts.









SPRINGFIELD --- The Illinois House adjourned this afternoon without even voting on Democratic Gov. Pat Quinn's desperation pension reform plan.


Quinn threw his support behind a bill that would set up a commission to decide how to fix Illinois' financially failing government worker retirement systems.


Conventional efforts to craft a compromise on pension changes have gone nowhere during the lame-duck session. The new measure filed today would set up an eight-member commission appointed by the four legislative leaders. The panel would issue a report on pension system changes that would become law unless the General Assembly voted to overturn it.








Testifying before a House panel, Quinn said the measure represents "extraordinary action" to break the gridlock. It is modeled after federal military base closing commission reports to Congress. "We must have some sort of movement," Quinn said.


While the committee advanced the measure to the full House, Democratic Speaker Michael Madigan of Chicago later adjourned the lame-duck session without calling Quinn's plan for a vote.
Labor leaders immediately called it a "clearly unconstitutional delegation of power" and a "sad attempt to get something done."

Quinn maintained the approach has been upheld as constitutional. The governor said he wanted the pension systems fully funded by the end of December 2045, saying it is critical to "act promptly on this crisis."


Under questioning, Quinn acknowledged, "we need a new mechanism or different structure" because political gridlock had not yielded a solution.

House Majority Leader Barbara Flynn Currie, D-Chicago, said she would support the bill in committee as a nod to the governor but had serious questions of the constitutionality of the proposal.


Further, Currie said she worried the proposal would "take us three steps back." Currie said she thought the legislative negotiators on pension bills had made progress.


The committee voted 7-2 to advance the bill to the full House.


Quinn's latest plan came after he urged lawmakers to take a vote on government worker pension reform before the new legislature is sworn in at noon Wednesday, saying Illinois' economy is being held hostage by "political timidity."


The Democratic governor suggested there needs to be compromise, but did not offer specifics on how he thinks the gridlock on pensions could be broken.


Quinn decided to hold his news conference despite being told by House Speaker Michael Madigan that demanding a vote, even for symbolic reasons, didn't make sense when there aren't enough votes to pass the bill, according to Steve Brown, a Madigan spokesman.


Brown said forcing such a tough vote could irk lawmakers who are coming back in the new General Assembly and whose votes may be needed to pass pension reform down the road.


So far, House sponsors have been unable to line up enough votes to pass a comprehensive plan that would freeze cost-of-living increases for six years, delay granting pension inflation bumps until retirees hit 67 and require employees to pay more toward their retirement.


Even if that plan passed the House, it could face an uphill climb in the Senate, where senators went home last Thursday and would have to quickly return to vote. In addition, Senate President John Cullerton has indicated he prefers his own version of pension reform that he argues is constitutional, unlike the House plan.


With time running short, Quinn today said all parties need to double their efforts to reach a comprehensive bill that clears up the state's worst-in-the-nation $96.8 billion in a generation.


Pension reform is essential to put the Illinois economy on "sound financial footing," Quinn said.


"We cannot allow the state's economy to be held hostage by political timidity," Quinn said.


Quinn said more compromises need to be reached on legislative proposals, but he said he did not favor the Senate plan that dealt with state rank-and-file workers and legislators because it was not comprehensive.


A bill pending on the House floor reins in pension costs and addresses the state's pensions for four pension systems. The two additional systems are for university workers and and public school teachers from the suburbs and downstate.


Quinn said the Senate and House are both going to be in Springfield today, although the Senate President John Cullerton, D-Chicago, had said it would be back if the House passed a significant pension bill.


"We've put them on stand-by," said Rikeesha Phelon, Cullerton's spokeswoman. "It's still tentative."


She said the Senate is awaiting House action before it returns. "I don't know how to be more clear," Phelon said.





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James Franco Does His Best Justin Bieber






We realize there’s only so much time one can spend in a day watching new trailers, viral video clips, and shaky cell phone footage of people arguing on live television. This is why every day The Atlantic Wire highlights the videos that truly earn your five minutes (or less) of attention. Today:  


RELATED: All We Want for Christmas Is Jimmy Fallon and Mariah Carey Singing to Us






Remember when Justin Bieber was struggling for relevance and James Franco was the super serious, super educated actor destined for greatness? Well, Franco clearly doesn’t want you to:


RELATED: Dating Is Just So Depressing


RELATED: A Dubstep Birthday for Michael Jackson and One Soggy Koala


So what do you do when someone gets their dream wedding ruined by a doomed hot-air balloon ride? Well, if you’re the Today show, you make a macabre Wedding Crashers joke: 


RELATED: Ai Weiwei’s ‘Gangnam Style’ Isn’t Bad


RELATED: ‘What Makes You Beautiful’ Gets Beautiful


Here’s perhaps one of the better arguments against that trillion-dollar coin, courtesy of Homer Simpson and company:


And this guy seems pretty down on the squandered opulence of cruise ships:


Wireless News Headlines – Yahoo! News





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Gaps Seen in Therapy for Suicidal Teenagers


Most adolescents who plan or attempt suicide have already gotten at least some mental health treatment, raising questions about the effectiveness of current approaches to helping troubled teenagers, according to the largest in-depth analysis to date of suicidal behaviors in American teenagers.


The study in the journal JAMA Psychiatry found that 55 percent of suicidal teenagers had received some therapy before they thought about suicide, planned it or tried to kill themselves, contradicting the widely held belief that suicide is due in part to a lack of access to treatment.


The findings, based on interviews with a nationwide sample of more than 6,000 teenagers and at least one parent of each, linked suicidal behavior to complex combinations of mood disorders like depression and behavior problems that include attention-deficit and eating disorders, as well as alcohol and drug abuse.


The study found that about one in eight teenagers had persistent suicidal thoughts at some point, and about a third of them had made a suicide attempt, usually within a year of having the idea.


Previous studies have had similar findings, based on smaller, regional samples. But the new study is the first to suggest, in a large nationwide sample, that access to treatment does not make a big difference.


The study suggests that effective treatment for severely suicidal teenagers must address not just mood disorders, but also behavior problems that can lead to impulsive acts, experts said. According to the Centers for Disease Control and Prevention, 1,386 people between the ages of 13 and 18 committed suicide in 2010, the latest year for which numbers are available.


“I think one of the take-aways here is that treatment for depression may be necessary but not sufficient to prevent kids from attempting suicide,” said Dr. David Brent, a professor of psychiatry at the University of Pittsburgh, who was not involved in the study. “We simply do not have empirically validated treatments for recurrent suicidal behavior.”


The report said nothing about whether the therapies given were state of the art, or carefully done, said Matt Nock, a professor of psychology at Harvard and the lead author; and it is possible that some of the treatments prevented suicide attempts. “But it’s telling us we’ve got a long way to go to do this right,” Dr. Nock said. His co-authors included Ronald C. Kessler of Harvard, and researchers from Boston University and Children’s Hospital Boston.


Margaret McConnell, a consultant in Alexandria, Va., said that her daughter Alice, who killed herself in 2006, at the age of 17, was getting treatment at the time. “I think there might have been some carelessness in the way the treatment was done,” Ms. McConnell said, “and I was trusting a 17-year-old to manage her own medication; we found out after we lost her that she wasn’t taking it regularly.”


In the study, researchers surveyed 6,483 adolescents from the ages of 13 to 18 and found that 9 percent of male teenagers and 15 percent of female teenagers experienced some stretch of having persistent suicidal thoughts. Among girls, 5 percent made suicide plans and 6 percent made at least one attempt (some were unplanned).


Among boys, 3 percent made plans and 2 percent carried out attempts – which tended to be more lethal than girls’ attempts.


(Suicidal thinking or behavior was virtually unheard-of before age 10.)


Over all, about one-third of teenagers with persistent suicidal thoughts went on to make an attempt to take their own lives.


Almost all of the suicidal adolescents in the study qualified for some psychiatric diagnosis, whether depression, phobias, or generalized anxiety disorder. Those with an added behavior problem – attention-deficit disorder, substance abuse, explosive anger – were more likely to act on thoughts of self-harm, the study found.


Doctors have tested a range of therapies to prevent or reduce recurrent suicidal behaviors, with mixed success. Medications can ease depression, but in some cases can increase suicidal thinking. Talk therapy can contain some behavior problems, but not all.


One approach, called dialectical behavior therapy, has proved effective in reducing hospitalizations and attempts in people with so-called borderline personality disorder, who are highly prone to self-harm, among others.


But suicidal teenagers who have a mixture of mood and behavior issues are difficult to reach. In one 2011 study, researchers at George Mason University reduced suicide attempts, hospitalizations, drinking and drug use among suicidal adolescent substance abusers. The study found that a combination of intensive treatments – talk therapy for mood problems, family-based therapy for behavior issues and patient-led reduction in drug use – was more effective that regular therapies.


“But that’s just one study, and it’s small,” Dr. Brent said. “We can treat components of the overall problem, but that’s about all.”


Ms. McConnell said that her daughter’s depression seemed mild and that there was no warning that she would take her life. “I think therapy does help a lot of people, if it’s handled right,” she said.


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United reportedly finds improper wiring in 787s









United Airlines inspected its new Boeing 787 airplanes after an electrical fire Monday on the same model and reportedly found improperly installed wires.

"We continue to work closely with Boeing on the reliability of our 787s," United spokeswoman Mary Ryan said.

Chicago-based United conducted the inspection on its six Dreamliners, after a fire Monday aboard a Japan Airlines 787 in Boston, Ryan said.

But, Ryan would not say what the result of that inspection was.

However, citing unnamed sourced, the Wall Street Journal reported Tuesday that United found improperly installed wires in the plane's auxiliary power unit, the system involved in the fire Monday.

Also Tuesday, a fuel leak forced a different Japan Airlines 787, also in Boston, to cancel its takeoff and return to the gate.

A string of incidents lately, including inspections for fuel leaks ordered by the Federal Aviation Administration last month, add to the woes of Chicago-based Boeing, which has been criticized for delivering the 787 more than three years late because of design and production problems.

gkarp@tribune.com

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No vote on Illinois House pension plan today









SPRINGFIELD—





The Illinois House adjourned for the day without voting on a major government worker pension overhaul, casting grave doubt on the reform plan's fate.


The bill passed out of a committee earlier today, but proponents are still trying to round up enough votes to get it out of the full House.





The clock is ticking down until a new legislature is sworn in Wednesday. The Senate is not in town, and it's unclear whether enough lame-duck senators would return to vote on a pension plan even if it passed the House.


The House will return at 11 a.m. Tuesday.


"Sponsors will continue to work to find the votes and move the bill forward," said Ryan Keith, a spokesman for Democratic Reps. Elaine Nekritz of Northbrook and Daniel Biss of Evanston.


Earlier today, the plan won approval from a House committee. Workers would chip in more from their paychecks and automatic cost-of-living increases would be reined in for retirees under the proposal. Retirees would not get automatic annual inflation bumps until age 67 and cost-of-living increases would be frozen for six years.


The legislation emerged as the most comprehensive pension overhaul for government workers to reach the House floor with bipartisan support since estimates of the nation's worst-funded retirement system hit $96.8 billion. The proposal moved to the full House on a 6-3 vote.


Rank-and-file state workers, university employees, legislators, and suburban and downstate public school teachers and retirees would be impacted.


Sponsoring Rep. Elaine Nekritz called for action because the state's pension finances are "in crisis." She said the proposal is not the "ideal solution" but represented a solid compromise that lawmakers can pass before a new legislature is sworn in Wednesday.


"The choice is clear. The time is now," Nekritz testified in the House hearing. Failing to act would mean less money for schools, health care, social services and other state operations, she said.


House Republican leader Tom Cross of Oswego hailed Nekritz and Rep. Dan Biss, D-Evanston, for jump-starting a "give-and-take process" that has resulted in a "very good product" that will lower the debt by $30 billion.


"This is not going to get better, the economy will not save it and it's got to be fixed," said Cross, who threw his support behind the bill after working two years for pension reform. "This is something that has to happen."


He warned that the state must act or its already-poor credit ratings will drop farther and it will cost Illinois more to borrow money. Businesses already are wary about staying or moving to Illinois because of the uncertainty over the state's financial albatross, and workers deserve to know the fate of their pension plans, he said.


Cross said the state pension systems are only 39 percent funded and "it's not getting any better" because the state is on the hook for nearly $7 billion a year in pension payments ---nearly a quarter of the state's overall operating budget.


Biss maintained it is the only bipartisan legislation that has come forth that "truly solves theproblem" and has a "rationale, sensible framework."


In stark disagreement, Michael Carrigan, president of the Illinois AFL-CIO and a leader in a coalition of unions fighting the changes, maintained the pension proposal would disenfranchise people who have made their payments over the years and "played by the rules." 


Proponents maintained the proposal would be constitutional, but opponents maintained it represented "an all-out assault on employees" and a violation of the state charter's ban on diminishing benefits once they are given.


Illinois Federation of Teachers President Dan Montgomery charged lawmakers would violate their oaths of office if they supported the "illegal plan" and urged them to follow the "better angels of your nature."


Henry Bayer, who heads the union representing the most state workers, contended the measure "shifts costs away from state and onto the backs" of public workers and retirees.


The plan represented a "Tea Party approach" of "cut, cut, cut," said Bayer, executive director of the American Federation of State, County and Municipal Employees Council 31.


Among the key features of the House plan is a freeze on cost-of-living increases for all workers and retirees for as long as six years. Once the cost-of-living bumps resume, they would apply only to the first $25,000 of pensions. The inflation adjustments also would not be awarded until a person hits 67, a major departure  public employees who have been allowed to retire much earlier in some cases and begin reaping the benefits of the annual increases immediately.


Under the proposal, employee contributions to pensions would increase 1 percentage point the first year and 1 percentage point the second year. A lid would be put on the size of the pensionable salary based on a Social Security wage base or their current salary, whichever is higher.


The goal is to put in place a 30-year plan that would fully fund the Illinois pension systems


Even if the House plan passes, the Senate would have to come back to the Capitol Tuesday or early Wednesday to vote on it. It's unclear how many senators would return for such a vote and whether Senate President John Cullerton, D-Chicago, would help pass it. Cullerton prefers his own plan that he says would pass constitutional muster.





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Year-end Wii U sales steady, says Nintendo chief






KYOTO (Reuters) – Nintendo Co Ltd‘s year-end sales of its Wii U games console were steady, though not as strong as when its Wii predecessor was first launched, the Japanese game maker’s top executive told Reuters on Monday.


The company, which grew from making playing cards in the late 19th century into the blockbuster Super Mario video game series, is pinning its hopes on the Wii U after posting a first operating loss last year, as gamers ditch console games to play on smartphones and tablets.






“At the end of the Christmas season, it wasn’t as though stores in the U.S. had no Wii U left in stock, as it was when Wii was first sold in that popular boom. But sales are not bad, and I feel it’s selling steadily,” Nintendo President Satoru Iwata said in an interview.


Iwata gave no details on sales or forecasts, but said Nintendo needed to focus on developing attractive software for its 3DS handheld device to draw new users, and increase Wii U sales as it battles competition from popular mobile devices. The Wii U carries video content from Netflix Inc and Hulu, and has a dedicated social gaming network called Miiverse, which allows users to interact and share games tips.


Nintendo said in October it aimed to sell 5.5 million Wii U devices by end-March. Wii U, the successor to the blockbuster Wii machine, went on sale in the United States on November 18. The company later said it sold more than 400,000 of the video game consoles in the first week.


Nintendo sold 638,339 Wii U consoles in Japan between December 8 and 30, according to data from game magazine publisher Enterbrain. The company has sold nearly 100 million of the original Wii units since its launch in 2006.


Rival Microsoft Corp sold more than 750,000 of its Xbox 360 console during the Black Friday week in November – one of the busiest U.S. consumer shopping periods of the year, beating sales of both Sony Corp’s


DOUBLE CHALLENGE


Iwata acknowledged the challenge of producing two Wii U models at the same time, as most customers wanted the premium package, which sold out quickly in many places, while there was a glut of the slightly cheaper Wii U model on store shelves.


“It was the first time Nintendo released two models of the game console at the same time … and I believe there was a challenge with balancing this. Specifically, inventory levels for the premium, deluxe package was unbalanced as many people wanted that version and couldn’t find it,” he said.


Iwata noted a weaker yen would have little impact on Nintendo’s profits this fiscal year, but would positively impact its foreign denominated assets.


Nintendo’s Osaka-listed shares earlier ended down nearly 2.1 percent on Monday at 8,980 yen, and have fallen 15 percent since the Wii U was launched.


(Editing by Ian Geoghegan)


Gaming News Headlines – Yahoo! News





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‘Mary Poppins’ to close on Broadway in the spring






NEW YORK (AP) — “Mary Poppins” is closing up its big umbrella on Broadway.


An official close to the show’s producers said Monday that the 6-year-old musical will end performances in March at the New Amsterdam Theatre and eventually be replaced by a musical adapted from the film “Aladdin.”






The official spoke to The Associated Press on condition of anonymity because he was not authorized to speak before the official announcement. The New York Post first reported the news, citing an anonymous source. A Disney representative did not immediately respond to a request for comment.


“Mary Poppins,” co-produced by Disney and Cameron Mackintosh, is based both on the children’s books by P.L. Travers and the 1964 movie starring Julie Andrews and Dick Van Dyke. It tells the story of the world’s most practically perfect nanny in Edwardian London.


With a big cast, lavish sets and stunts that include Mary flying with her umbrella and Bert the chimney sweep tap dancing upside-down, the show was a hit after opening in 2006, two years after debuting in London.


When it closes, it will have been performed 2,619 times and have been seen by more than 4 million people. It recouped its initial Broadway investment within a year, and has gone on to be among the top 10 grossing shows for the past six years and top five for attendance. It will rank as the 22nd longest-running show in Broadway history.


Its soon-to-be vacant home at the New Amsterdam Theatre will be taken by the musical “Aladdin,” which has melodies by Alan Menken and lyrics by Howard Ashman and Tim Rice — the same team who created the animated film version that starred Robin Williams. The musical, with a book by Chad Beguelin, had its premiere in Seattle in summer 2011.


Entertainment News Headlines – Yahoo! News





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Reliving the Nightmare of Plague, 10 Years Later


Jakob Schiller for The New York Times


SURVIVORS Lucinda Marker and John Tull at home a decade after having the plague.







It was November 2002, little more than a year after planes had been flown into the World Trade Center and anthrax mailings had killed five Americans. New York City was still on edge, in a state of high alert for suspected terrorists.




Suddenly all eyes were on a middle-aged married couple from Santa Fe, N.M., on a brief vacation to New York, who had the remarkably ill luck to come down with the city’s first case of bubonic plague in more than a century. Television news trucks surrounded Beth Israel Medical Center North, where they had dragged themselves after being stricken in their hotel room with rampaging fevers, headaches, extreme exhaustion and mysterious balloonlike swellings.


It took just over a day for public health officials to dispel fears about bioterrorism; there had been no unusual rise in the number of very high fevers that could have suggested an attack.


It turned out that the couple, Lucinda Marker and John Tull, had been bitten by fleas infected with Yersinia pestis, the bacterium that causes plague. Their home state, New Mexico, accounts for more than half of the average seven cases of plague in the country every year. (In 2012, just one case was reported in the state.)


“It was an absolute fluke,” Ms. Marker, now 57, said during a recent visit to New York. “Just rotten luck.”


Like most people who contract the disease and are quickly treated with antibiotics, she recovered in a few days. But 10 years later, her husband is still badly scarred.


In the days after they were bitten, Mr. Tull, a burly, athletic lawyer — a former prosecutor who volunteered with search-and-rescue teams — developed septicemic plague, as the infection spread throughout his body.


His temperature rose to 104.4, his blood pressure plummeted to 78/50. His kidneys were failing, and so much clotted blood collected in his hands and feet that they turned black.


Mr. Tull was put into a medically induced coma. When he was brought out of it, nearly three months later, he found out that both his legs had been amputated below the knee to drain the deadly infection. The surgery that saved his life radically changed it, but did not dampen his resilient spirit.


Even before he was released from the hospital to begin a long rehabilitation, he vowed he would once again be hiking on the rustic trails above his home.


Today Mr. Tull, 63, drives his own car, sometimes takes over the controls of a private plane, and goes on an annual trout-fishing trip to Colorado with friends. But he has not been able to hike that trail.


“That is one of the things I miss most,” Mr. Tull, now retired and receiving a disability pension, said in a telephone interview from his home. “Every single hour of every single day, the plague affects our lives, but about the only time I really get angry these days is when, because of my physical condition, there is something I want to do but can’t.”


He has appeared in several television documentaries, speaking to medical researchers around the world and dealing with a posse of journalists as his very private ordeal has been played out in public.


“Basically Lucinda and I surrendered our privacy to the press and the people who make documentaries,” Mr. Tull said. “But you know what? That didn’t bother us a bit. Lucinda had been an actress and I had been a trial lawyer. We were used to it.”


Ms. Marker, who has started to write about their ordeal, says that after 10 years she is coming to terms with it emotionally and psychologically. Yet many aspects of their case still puzzle medical experts.


In particular, no one knows why she was so easily cured while he nearly died.


Bubonic plague is transmitted by fleas that feed off pack rats, ground squirrels and prairie dogs in the mountains of New Mexico and several other states. According to the Centers for Disease Control and Prevention, the disease probably came to the United States around 1900, in Asian rats that escaped from ships in the port of San Francisco.


Initially, plague was restricted to cities. The worst outbreak came in 1907, after the San Francisco earthquake. Vermin control programs prevented further outbreaks, but fleas hitched onto other animals in the wild.


Dr. Paul Ettestad, public health veterinarian for the New Mexico Department of Health, said prairie dogs became an “amplification host,” carrying the disease to their burrows and spreading it throughout their territory. Today, the easternmost limit of the plague roughly corresponds to the 100th meridian, which passes through central Texas. Known as the plague line, is it also the extent of the prairie dog population.


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BofA to pay $11B to Fannie Mae to settle mortgage claims




















CBS MoneyWatch's Alexis Christoforous reports for CBS2. (1/7/2013)




















































Bank of America on Monday announced roughly $11.6 billion of settlements with mortgage finance company Fannie Mae and a $1.8 billion sale of collection rights on home loans, in a series of deals meant to help the bank move past its disastrous 2008 purchase of Countrywide Financial Corp.

The settlements and transactions and other charges will result in Bank of America posting only a small profit for 2012's fourth quarter. The bank is due to report results Jan. 17.






Bank of America is paying $3.6 billion to Fannie Mae and buying back $6.75 billion of bad loans from the mortgage company to clear up all claims that government-owned Fannie Mae had made against the bank.

Fannie Mae and its sibling, Freddie Mac, have been pushing banks to buy back loans they sold to the two companies that never should have been sold to them because the loans did not meet the companies' criteria for purchasing.

Bank of America said most of the settlement would be covered by reserves, and another $2.5 billion, before taxes, that it set aside in the fourth quarter.

A separate settlement over foreclosure delays will result in Bank of America paying $1.3 billion to Fannie Mae, the mortgage company said. Bank of America had already set aside money to cover most of that, but took another $260 million charge in the fourth quarter to cover the balance.

Bank of America also sold the rights to collect payments on about $306 billion of loans to Nationstar Mortgage Holdings and Walter Investment Management Corp. Nationstar is paying $1.3 billion for the right to service some $215 billion of loans, while Walter Investment is paying $519 million for the right to service about $93 billion of mortgages.

Reuters first reported that Bank of America was talking to Nationstar and Walter Investment on Friday.


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Blackhawks owner Wirtz hopes NHL deal is ratified




















The NHL and NHLPA came to a tenative agreement to end the lockout early Sunday morning. The deal must still be ratified, but the regular season is expected to begin in Mid-January.




















































Chicago Blackhawks Chairman Rocky Wirtz, who along with the other 28 owners of NHL teams hadn't been allowed by the league to publicly comment during the negotiating process, said Sunday he is pleased that the lockout appears to be at an end.

Hours after a tentative deal had been reached between the NHL and players' association on a new collective bargaining agreement that would end the 113-day lockout, Wirtz said he hopes the deal will receive the approval of the union and NHL Board of Governors.






"We certainly hope it can be ratified by both the owners’ and players’ sides," Wirtz told the Tribune. "We appreciate the fans’ patience during the process."

The sides came to a tentative agreement after a marathon negotiating session in New York, and NHL Commissioner Gary Bettman and Donald Fehr made a joint announcement around 4 a.m. Central saying a deal was in place but awaits final tweaking and then official approval by owners and players.

The Board of Governors will meet early next week to vote on the deal and training camps could open a day or two later with a 48- or 50-game season getting underway about a week later.

ckuc@tribune.com

Twitter @ChrisKuc




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