Teachers at an academy school in east London are on strike after their monthly pay was docked for taking part in national work-to-rule-type action.

BBC: Teachers strike over protest pay stoppage

If the IRS follows the same rule for event-type CVRs, the issuer recognizes no gain or loss on the CVR issuance, the repurchase of the CVR, or the lapse of the CVR, but a target shareholder generally must recognize an immediate capital gain or loss taking into consideration the fair market value of the CVRs received on the date of distribution.

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On Jan. 21 the president proposed the "Volcker Rule, " named after former Fed chairman Paul Volcker, one of the biggest proponents of Glass-Steagall-type restrictions (although his current proposal--endorsed by the president--does not call for a separation of commercial and investment banking activities).

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