Chicago's police chief was ousted on Tuesday after days of protest over a white officer's shooting of a black teenager 16 times and the department's refusal to release a video of the killing for more than a year. Mayor Rahm Emanuel announced during a news conference that he had asked Garry McCarthy, police superintendent since May 2011, to resign. The mayor also said he was creating a new police accountability task force.
Top sponsors of corruption-plagued FIFA urged the global football body on Tuesday to enact sweeping reforms with independent oversight, saying only a "cultural change" could give the organization a credible future. In a joint open letter addressed to FIFA, sponsors AB InBev, adidas, The Coca-Cola Company, McDonald's and Visa called on FIFA's executive committee to adopt reforms aimed at improving transparency and rooting out corruption when it meets in Zurich on Wednesday. "We know that you, the Executive Committee members, will soon be considering a list of reforms aimed at strengthening FIFA's governance," the letter read.
The Federal Reserve should use the communication tools at its disposal at its December meeting to spell out a gradual pace of rate increases, Chicago Federal Reserve President Charles Evans said on Tuesday. The Fed has held interest rates near zero for seven years but is widely expected to begin tightening monetary policy at its next meeting on Dec. 15-16. Asked by reporters following remarks to a local business group in Michigan if the Fed should emphasize gradual rate increases in its December statement, economic projections or at Chair Janet Yellen's press conference after the December meeting, Evans said all would be helpful.