By Karen Pierog and Megan Davies CHICAGO/NEW YORK (Reuters) - Rahm Emanuel may have been elected to a second term as Chicago's mayor on Tuesday but now he faces a stark choice: inflict pain on the city's population in the form of unpopular measures such as higher taxes or kick its problems further down the road and risk a fiscal crisis that could even lead to bankruptcy later. While voters appear to have seen President Barack Obama's former chief of staff as more able than labor union-backed challenger Jesus “Chuy” Garcia to deal with Chicago’s massive public pension liabilities, neither candidate squarely addressed what could be a fiscal nightmare for the city. The failure over many years to address the hole the city has dug for itself will finally catch up with Chicago if radical action isn’t taken soon to resolve the budget and pension problems, warn bankers, investors and fiscal policy experts. "The day there's no more dollars in the kitty, the day that the city is not going to be able to pay the next set of payrolls, that's the day everyone will all of a sudden understand: ‘Wow, we really have to address this because there is no longer an option,’” said David Tawil, president of hedge fund Maglan Capital which invests in distressed situations but does not own Chicago debt.
APPOMATTOX, Va. (AP) — A Civil War cannonball that ripped through Hannah Reynolds' master's cabin made her a footnote of misfortune, the lone civilian death at the Battle of Appomattox Court House. She died a slave at 60, hours before the war to end slavery unofficially came to a close.
NORTH CHARLESTON, S.C. (AP) — An unidentified bystander recorded video footage of a white South Carolina police officer fatally shooting an unarmed black man as he ran away after he was pulled over for a traffic stop. The video was provided to the dead man's family and their lawyer, and released to media outlets.
FALL RIVER, Mass. (AP) — A jury ended deliberations for a second day Wednesday in the murder trial of former New England Patriots player Aaron Hernandez, who is charged in the shooting death of another man.
NEW ORLEANS (AP) — Millionaire real estate heir Robert Durst was indicted Wednesday on the two weapons charges that have kept him in New Orleans even though his lawyers say he wants to go to Los Angeles as soon as possible to face a murder charge there.