New York City mayor cancels teachers' salary hikes

From The New York Times: New York City Mayor Michael R. Bloomberg has announced that the city will eliminate planned raises for all of its public-school teachers for the next two years, which he says will save the jobs of some 4,400 teachers. The move drew immediate condemnation from Michael Mulgrew, president of the teachers union. He says the mayor doesn't have the power to take such a step. The union’s contract with the city expired in October, and negotiations are at an impasse.