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Madison Wisconsin State Journal Newspaper Archives May 21 2015, Page 1

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Madison Wisconsin State Journal (Newspaper) - May 21, 2015, Madison, Wisconsin Wisconsin a Knect me local discover digital Check out these five new Beers Landing on shelves in Madison now naw beens Letterman says Farewell stars presidents usher in late show hosts retirement entertainment. A9 taken Down in Detroit a three run triple in the eighth inning prevents the Brewers from earning a series sweep of the tigers sports. By Man financial misconduct i big Banks to plead guilty penalties to exceed $5 billion Ken Sweet and Eric Tucker associated press Washington four of the worlds biggest Banks agreed wednesday to pay More than $5 billion in penalties and plead guilty to rigging the currency markets a rare instance in which Federal prosecutors have wrung an admission of criminal wrongdoing from a major financial institution. Traders at Jmorgan Chase Citigroup Barclays and the Royal Bank of Scotland were accused of working together to manipulate rates on the foreign Exchange Market where hundreds of billions of dollars and euros change hands Back and Forth. The penalties Are a Victory for the government and reflect a broader Effort by the Justice department Long criticized As reluctant to prosecute big Banks to tackle financial misconduct. In the past 18 months prosecutors have brought criminal cases against Banks accused of tax evasion and sanctions violations and have reached multimillion Dollar settlements with several others for their roles in the 2008 financial meltdown. Still the punishment announced wednesday May have limited practical consequences. The four Banks will be Able to continue to do business in the currency markets. No executives were charged though that part of the investigation continues. And the fines while Large Are a fraction of what the institutions have made through currency trading Over the past decade. Prosecutors said traders shared customer orders through Chat rooms and used that information to profit at their clients expenses. The traders called themselves a the Cartel a and in one of those Chat rooms a Barclays employee wrote a if you aint cheating you aint trying a investigators said. Tire Banks will pay a combined $2.5 billion in criminal penalties for manipulation of currency please see Banks Page a6scrap Wedo exemptions Walker says his original proposal would have shielded disclosure of financial information other company records Matthew Defour , 608-252-6144 gov. Scott walkers office said wednesday the Legislatures budget committee should drop two new exemptions to the state s open records Law for the Wisconsin economic development corp Hie troubled Job creation Agency is scheduled to be discussed thursday by the Legislatures joint finance committee. The nonpartisan legislative fiscal Bureau prepared a memo for the commit tee suggesting the records exemptions could be wide ranging. But Walker spokeswoman Laurel Patrick told the state journal on wednesday that the exemptions were part of the governors proposed merger shaken neighbourhoods i police seek shooters photos by John Hart state journal Madison police officer Caleb Johnson talks with Jaquille Williams 8. Left and Zamorah Taylor 7, As he walks on bettys Lane. Johnson a neighbourhood officer in the Theresa Terrace Hammersley Road area said some key arrests could put a Dent in the recent trend of rising gun violence across Madison. Please see wed Page a8motive varies for thousands who join islamic state John Thor Wahlburg and Misha Dzhindzhikhashvili associated press pankis1 Gorge Georgia one Day this april instead of coming Home from school two teenagers left their Valley High in the caucasus and went off to War. In Minneapolis Minnesota a 20-year-old stole her friends passport to make the same hazardous journey. From new zealand came a former Security guard from Canada a hockey fan who loved to fish and inuit. And there have been Many Many More Between 16,000 and 17,000, according to one Independent Western estimate men and a Small number please see islamic Page Al concern mounts Over gunfire there have been 35 incidents Winall parts of Madison since april i Nico Savidge , 608-252-6147 after a Spring marked by dozens of incidents of gunfire across the City Madison police and neighbourhood residents Are concerned the area could be heading toward a violent summer if the recent Rise of gun violence continues. Police have responded to reports of gunshots in every part of the City from residential streets to the crowded dance floor of a Campus area bar a recording 35 incidents of gunfire since april i. Errant rounds have flown through the Homes of innocent people injuring one Man As he looked out his window and striking a teen girls bedroom while she was inside. Madison police officer Caleb Johnson a neighbourhood officer in the Theresa Terrace Hammersley Road area said authorities this week arrested please see gunfire Page a7 bullets grazed this tree along Prairie Road during a shooting last week police said. It was one of 35 incidents of gunfire in Madison since april i. Brat fest goal big taste Little waste Bob Vanenkevoort , 608-252-6155 the worlds largest brat fest is going Green. Organizers Are pledging to reduce waste from the annual brat bacchanal that goes into landfills. The Zero waste initiative does t mean there will be no waste coming from the four Day event at the Valliant Energy Comino Friday see the state journals weekend Section for a Roundup of brat fest entertainment and activities. Centers Willow Island according to Joe Golde who Heads the new brat fest initiative. But the goal is to either Recycle reuse or compost with As Little As possible remaining for disposal. Its an ambitious Endeavor. A from what i understand this is the largest sustainability Effort in Wisconsin to Date for the number of people coming Quot Golde noted. Tim Metcalfe brat fest organizer and co owner of Metcalfe a markets whose parents Tom and Margaret started brat fest in 1983, please see brat Page a7 Joe Golde. Brat fests Zero waste coordinator organizes recycling composting and trash bins dropped off at the festival site wednesday. Steve Apps state journal Iero was fir

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