economy http://wnpr.org en Dueling Markets Show Native American Art Is Big Business http://wnpr.org/post/dueling-markets-show-native-american-art-big-business The 93rd annual <a href="http://www.swaia.org/">Santa Fe Indian Market</a> is only a month away. It's the biggest and best-known destination for Native artists and Native art collectors on the planet, and this year, it's got competition — a new event called the Indigenous Fine Arts Market.<p>Native American art and culture is big business. If you don't believe that, look no further than the controversial or illegal sides of the market. Sun, 27 Jul 2014 02:03:31 +0000 editor 25969 at http://wnpr.org Dueling Markets Show Native American Art Is Big Business Sen. Murphy Urges Support for Bring Jobs Home Act http://wnpr.org/post/sen-murphy-urges-support-bring-jobs-home-act <p>U.S. Senator Chris Murphy hopes for a strong vote in the Senate <a href="https://www.govtrack.us/congress/bills/113/s2569" target="_blank">this week on the Bring Jobs Home Act</a>. The bill would take away the ability for businesses to get a tax break for sending jobs overseas, and instead incentivizes companies to bring jobs back to the United States.</p><p> Fri, 25 Jul 2014 15:33:06 +0000 Diane Orson 25903 at http://wnpr.org Sen. Murphy Urges Support for Bring Jobs Home Act For Stadium, Hartford to Buy Back Land It Once Owned http://wnpr.org/post/stadium-hartford-buy-back-land-it-once-owned <p><span style="line-height: 1.5;">Hartford Mayor Pedro </span>Segarra<span style="line-height: 1.5;"> needs to buy two acres of vacant land to help make his plan for a minor league baseball stadium a reality. That land, however, has a complicated history.&nbsp;</span></p><p> Mon, 21 Jul 2014 19:58:42 +0000 Jeff Cohen 25639 at http://wnpr.org For Stadium, Hartford to Buy Back Land It Once Owned States That Raised Minimum Wage See Faster Job Growth, Report Says http://wnpr.org/post/states-raised-minimum-wage-see-faster-job-growth-report-says New data released by the Department of Labor suggests that raising the minimum wage in some states might have spurred job growth, contrary to what critics said would happen.<p>In a report on Friday, the 13 states that raised their minimum wages on Jan. 1 have added jobs at a faster pace than those that did not. Sat, 19 Jul 2014 16:25:00 +0000 Scott Neuman 25564 at http://wnpr.org States That Raised Minimum Wage See Faster Job Growth, Report Says Microsoft Will Cut As Many As 18,000 Jobs http://wnpr.org/post/microsoft-will-cut-many-18000-jobs A large layoff is under way at Microsoft, as the technology company says it will cut 13,000 jobs in the next six months. All but 500 of the layoffs are related to the Nokia phone division the company acquired in April. Thu, 17 Jul 2014 12:33:00 +0000 Bill Chappell 25440 at http://wnpr.org U.S. Sanctions Major Russian Banks And Energy Companies http://wnpr.org/post/us-sanctions-major-russian-banks-and-energy-companies President Obama outlined a new package of sanctions against Russian firms and individuals on Wednesday.<p>"These sanctions are significant but also targeted," Obama said. "Russia will see that its actions in Ukraine have consequences."<p>The administration targeted large banks, as well as energy and defense firms. The sanctions stopped short of covering entire sectors of the Russian economy.<p>Obama said they were designed to inflict pain on Russia without harming U.S. Wed, 16 Jul 2014 21:46:00 +0000 editor 25421 at http://wnpr.org U.S. Sanctions Major Russian Banks And Energy Companies The Wheelhouse Only Watches TV for the Political Ads http://wnpr.org/post/wheelhouse-only-watches-tv-political-ads <p>Connecticut is fully engulfed in campaign ad season and candidates are already spending big money to get the message out to voters. What's the message? "Like me! The other guy, not so much." On our weekly news roundtable The Wheelhouse, Colin McEnroe guest hosts a conversation with a panel of reporters and political analysts to catch you up on the week’s news.</p><p> Wed, 16 Jul 2014 13:00:00 +0000 Colin McEnroe, Tucker Ives, Lydia Brown & Catie Talarski 25332 at http://wnpr.org The Wheelhouse Only Watches TV for the Political Ads Citigroup Agrees To Pay $7 Billion To Resolve Mortgage Probe http://wnpr.org/post/citigroup-agrees-pay-7b-resolve-mortgage-investigation <a href="http://www.citigroup.com/citi/news/2014/140714a.htm">Citigroup said Monday</a> it had agreed to pay $7 billion to settle a federal investigation into subprime mortgages it sold in the run-up to the financial meltdown of 2008.<p>The deal covers mortgage-backed securities and collateralized debt obligations issued, structured or underwritten by Citi between 2003 and 2008, the company said in a statement on its website.<p>Citi said it would pay $4.5 billion in cash and $2.5 billion in consumer relief, which will be in the form of financing for affordable rental housing, principal reducti Mon, 14 Jul 2014 11:53:00 +0000 editor 25238 at http://wnpr.org Citigroup Agrees To Pay $7 Billion To Resolve Mortgage Probe Business Climate: Is Connecticut Really That Bad? http://wnpr.org/post/business-climate-connecticut-really-bad <p>A recent study saw Connecticut <a href="http://www.cnbc.com/id/101758236?_cldee=bWVhZ2hhbi5tYWNkb25hbGRAY2JpYS5jb20%3d&amp;utm_source=ClickDimensions&amp;utm_medium=email&amp;utm_campaign=CD_NEWSROOM" target="_blank">drop once again in the ranking of business-friendly states</a>. According to CNBC, we’re now among the bottom five states in the nation in terms of our business climate.</p><p>There is a view out there, however, that things may not be so bad after all.</p><p> Thu, 03 Jul 2014 03:02:59 +0000 Harriet Jones 24674 at http://wnpr.org Business Climate: Is Connecticut Really That Bad? Want to Build a Stadium and a Neighborhood? You'd Better Hurry http://wnpr.org/post/want-build-stadium-and-neighborhood-youd-better-hurry <p><span style="line-height: 1.5;">Developers who want to build a minor league baseball stadium and other surrounding buildings in the capital city aren't going to have a relaxing July.</span></p><p> Wed, 02 Jul 2014 19:10:39 +0000 Jeff Cohen 24641 at http://wnpr.org Want to Build a Stadium and a Neighborhood? You'd Better Hurry The Wheelhouse: Health Insurance; Charter Schools; Bridgewater Turns The Car Around http://wnpr.org/post/wheelhouse-health-insurance-charter-schools-bridgewater-turns-car-around <p>It looks like the world'’s largest hedge fund won'’t build a new headquarters in Stamford…. What does that say about the state'’s economic development plans? A charter school organization faces investigations of its finances and operations. What does it say about the school reform movement? We’'ll look at those stories, plus the Supreme Court ruling on the Affordable Care Act's contraception mandate, and whether the employer-based insurance model makes sense today.</p><p> Wed, 02 Jul 2014 13:00:00 +0000 John Dankosky, Tucker Ives, Lydia Brown & Catie Talarski 24624 at http://wnpr.org The Wheelhouse: Health Insurance; Charter Schools; Bridgewater Turns The Car Around Fairfield County a Mecca for Foreign Investment http://wnpr.org/post/fairfield-county-mecca-foreign-investment <p>Fairfield County had the highest proportion of employment provided by foreign-owned companies of any metro region in the country. The figures came in a new study on the impact of overseas investment in the U.S.</p><p> Fri, 20 Jun 2014 11:50:52 +0000 Harriet Jones 23976 at http://wnpr.org Fairfield County a Mecca for Foreign Investment Could Tolls End the I-95 Traffic Nightmare Through Connecticut? http://wnpr.org/post/could-tolls-end-i-95-traffic-nightmare-through-connecticut <p>Highway tolls are again being discussed in Connecticut as part of an <a href="http://www.ct-congestion-relief.com/study_overview.html" target="_blank">18-month study conducted by the state Department of Transportation</a>. It's got road planners asking an interesting question, can one type of toll actually reduce traffic?</p><p> Thu, 12 Jun 2014 18:55:02 +0000 Patrick Skahill 23517 at http://wnpr.org Could Tolls End the I-95 Traffic Nightmare Through Connecticut? Connecticut Economy: Good News! We're Not Dead Last http://wnpr.org/post/connecticut-economy-good-news-were-not-dead-last <p>Connecticut's economy is showing positive growth, but it's very modest, according to newly-revised figures from the federal government.</p><p> Thu, 12 Jun 2014 13:21:26 +0000 Harriet Jones 23502 at http://wnpr.org Connecticut Economy: Good News! We're Not Dead Last The Wheelhouse: Public Policy in the Dark; Metro-North Problems; and Resolution in East Haven http://wnpr.org/post/wheelhouse-public-policy-dark-metro-north-problems-and-resolution-east-haven <p>Hartford’s “done deal” on minor league baseball once again has our weekly news roundtable The Wheelhouse thinking about the process behind government decisions. The plan to bring the New Britain Rock Cats' franchise to town was months in the making behind closed doors.&nbsp;</p><p></p><p><span style="line-height: 1.5;">We also check in on East Haven where a racial discrimination settlement was reached, closing another chapter in the painful history of the town. A very old bridge is creating new problems for Metro-North commuters down the shoreline too and officials are pointing fingers.</span></p><p> Wed, 11 Jun 2014 13:00:00 +0000 John Dankosky, Tucker Ives, Lydia Brown & Catie Talarski 23372 at http://wnpr.org The Wheelhouse: Public Policy in the Dark; Metro-North Problems; and Resolution in East Haven Poland's Anniversary of Democracy a Time to Remember http://wnpr.org/post/polands-anniversary-democracy-time-remember <p>This week's big anniversaries of the Normandy Beach invasion 70 years ago, and the crackdown in Tiananmen Square 25 years ago have taken away from another important milestone: the 25th anniversary of Polish freedom from Communist rule.&nbsp;</p><p><span style="line-height: 1.5;">President Obama marked </span><a href="http://www.npr.org/2014/06/04/318888327/in-keynote-speech-obama-marks-a-quarter-century-of-polish-democracy" style="line-height: 1.5;" target="_blank">the anniversary in a speech</a><span style="line-height: 1.5;">, but the real reason for his visit was to highlight the success of Poland in the last quarter-century, while </span><a href="http://www.npr.org/2014/06/04/318733277/in-poland-obama-reassures-region-after-russia-annexes-crimea" style="line-height: 1.5;" target="_blank">vowing NATO support for Ukraine in its struggle for independence from Russian influence.&nbsp;</a></p><p> Thu, 05 Jun 2014 13:57:56 +0000 John Dankosky 23105 at http://wnpr.org Poland's Anniversary of Democracy a Time to Remember Malloy Commemorates Sexual Assault Bill; $3.5 Million in Grants Awarded to Municipalities http://wnpr.org/post/malloy-commemorates-sexual-assault-bill-35-million-grants-awarded-municipalities <p><iframe allowfullscreen="" frameborder="0" height="315" src="//www.youtube.com/embed/dI-reoZDdzw" width="560"></iframe></p><p>Governor Dannel Malloy commemorated passage of &nbsp;a new law strengthening sexual assault prevention and response on college campuses. He held a ceremony today at the offices of the Connecticut Sexual Assault Crisis Services in East Hartford.</p><p><strong>Municipalities Awarded Grants&nbsp;</strong></p> Tue, 20 May 2014 21:30:55 +0000 Teri McCready 22185 at http://wnpr.org Promises, Promises, Promises: Who Keeps Them? http://wnpr.org/post/promises-promises-promises-who-keeps-them <p>Promises, promises -- all politicians make them, but they don't always keep them. Just last month, Gov. Dan Malloy canceled the $55 tax rebate he’d promised residents earlier this year.&nbsp;</p><p> Thu, 15 May 2014 13:00:00 +0000 John Dankosky, Lydia Brown, Tucker Ives & Catie Talarski 21842 at http://wnpr.org Promises, Promises, Promises: Who Keeps Them? Former U.S. Treasury Secretary Geithner to Speak at Yale http://wnpr.org/post/former-us-treasury-secretary-geithner-speak-yale <p>Former Treasury Secretary Timothy Geithner will give a lecture series at Yale this fall, based on his experiences during the financial crash.</p><p> Thu, 08 May 2014 15:50:01 +0000 Harriet Jones 21491 at http://wnpr.org Former U.S. Treasury Secretary Geithner to Speak at Yale New Report Finds Climate Change Already Having Broad Impact http://wnpr.org/post/new-report-finds-climate-change-already-having-broad-impact <a href="http://nca2014.globalchange.gov/report">A new U.S. government report</a> released Tuesday finds that climate change is already having a broad impact on both weather and the economy.<p>NPR's Elizabeth Shogren tells our Newscast unit the third National Climate Assessment is the most comprehensive look at climate change that the government has ever produced. Tue, 06 May 2014 13:08:00 +0000 Eyder Peralta 21374 at http://wnpr.org New Report Finds Climate Change Already Having Broad Impact Saving For a New Kind of Retirement http://wnpr.org/post/saving-new-kind-retirement-0 <p>After decades of stagnant incomes, the inability to save, and disappearing pensions, 75 percent of Americans nearing retirement have less than $30,000 saved, which won’t last long.&nbsp;<span style="line-height: 1.5;">One third of Connecticut residents are baby boomers -- a big demographic that is headed straight towards retirement. In fact, Connecticut’s population of 65 and up is growing ten times faster than the general population.</span></p><p> Tue, 06 May 2014 13:00:00 +0000 Catie Talarski, Lydia Brown, Tucker Ives & John Dankosky 21328 at http://wnpr.org Saving For a New Kind of Retirement Poll: Prestigious Colleges Won't Make You Happier In Life Or Work http://wnpr.org/post/poll-prestigious-colleges-wont-make-you-happier-life-or-work There's plenty of anxiety in the U.S. over getting into a top college. But a <a href="http://www.gallup.com/strategicconsulting/en-us/education.aspx">new Gallup poll</a> suggests that, later in life, it doesn't matter nearly as much as we think. Tue, 06 May 2014 10:03:00 +0000 Anya Kamenetz 21365 at http://wnpr.org Poll: Prestigious Colleges Won't Make You Happier In Life Or Work Examining the State's Heroin Problem; Danbury's Economic Boost; Republicans' Alternative Budget http://wnpr.org/post/examining-states-heroin-problem-danburys-economic-boost-republicans-alternative-budget <p><iframe allowfullscreen="" frameborder="0" height="315" src="//www.youtube.com/embed/S3kbiGMDtNY" width="560"></iframe></p><p>Heroin use is rising at an alarming rate here in Connecticut and in the northeast. According to U.S. Representative Elizabeth Esty, 257 state residents have died from heroin overdoses, many in her district, which covers Torrington and Waterbury. Thursday, Esty met with the mayors of those two cities, along with law enforcement and public health professionals to explore options to combat the problem.&nbsp;</p><p> Thu, 17 Apr 2014 22:13:03 +0000 Eric Clemmons 20343 at http://wnpr.org Sending Money On An Overseas Round Trip To Avoid Taxes http://wnpr.org/post/sending-money-overseas-round-trip-avoid-taxes Some investors avoid paying taxes in a move called round-tripping — sending money offshore, then investing it in U.S. stocks or bonds. A study estimates it costs the U.S. billions in lost revenues.<p>Recently, MIT professor Michelle Hanlon and two colleagues set out to find out all they could about round-tripping.<p>"I think it's a big problem in the U.S. tax system that individuals can evade taxes and that they try to do so offshore," Hanlon says. Tue, 15 Apr 2014 20:56:00 +0000 Jim Zarroli 20208 at http://wnpr.org Sending Money On An Overseas Round Trip To Avoid Taxes Job Growth Picked Up Some Speed In March, Survey Signals http://wnpr.org/post/job-growth-picked-some-speed-march-survey-signals The first slice of data about job growth in March offers some hope that the U.S. labor market gained some strength:<p>There were 191,000 more jobs on private companies' payrolls last month than in February, <a href="http://www.adpemploymentreport.com/2014/March/NER/docs/ADP-NATIONAL-EMPLOYMENT-REPORT-March2014-Final-Press-Release.pdf" target="_blank">according to the latest ADP National Employment Report</a>. Wed, 02 Apr 2014 12:56:00 +0000 Mark Memmott 19452 at http://wnpr.org Job Growth Picked Up Some Speed In March, Survey Signals Saving For a New Kind of Retirement http://wnpr.org/post/saving-new-kind-retirement <p>After decades of stagnant incomes, the inability to save, and disappearing pensions, 75 percent of Americans nearing retirement have less than $30,000 saved, which won’t last long.&nbsp;<span style="line-height: 1.5;">One third of Connecticut residents are baby boomers -- a big demographic that is headed straight towards retirement. In fact, Connecticut’s population of 65 and up is growing ten times faster than the general population.</span></p><p> Mon, 31 Mar 2014 13:00:00 +0000 Catie Talarski, Lydia Brown, Tucker Ives & John Dankosky 19315 at http://wnpr.org Saving For a New Kind of Retirement Secrets of the Sea http://wnpr.org/post/secrets-sea <p></p><p><span style="line-height: 1.5;">&nbsp;&nbsp;</span>&nbsp;I get way too much of my information from movies and &nbsp;this year large container ships played a role in two major films.</p><p>The first was <a href="http://www.captainphillipsmovie.com/site/#splash"><em>Captain Phillips</em></a>, an account of piracy in the Indian Ocean. The problem with that movie is that it didn't ask any fundamental questions about the method of moving stuff around.</p> Wed, 26 Mar 2014 14:00:43 +0000 Colin McEnroe, Betsy Kaplan & Chion Wolf 19055 at http://wnpr.org Secrets of the Sea After Winter's Chill, Economists Predict A Warming Trend http://wnpr.org/post/after-winters-chill-economists-predict-warming-trend Somewhere under all of that melting snow, there's a warming economy.<p>"Adverse weather conditions" have hurt economic growth so far this year, but things are headed in the right direction now, according to a forecast released Monday by the National Association for Business Economics.<p>"Conditions in a variety of areas — including labor, consumer and housing markets — are expected to improve over the next two years, while inflation remains tame," Jack Kleinhenz, NABE president and chief economist for the National Retail Federation, said in a statement.<p>Each month, the association surveys pr Mon, 24 Mar 2014 10:09:00 +0000 Marilyn Geewax 18905 at http://wnpr.org After Winter's Chill, Economists Predict A Warming Trend Jobless Rate Ticks Up, But Job Growth Is Better Than Expected http://wnpr.org/post/jobless-rate-ticks-job-growth-better-expected <h6><strong>This post has been updated.</strong></h6><p>The nation's unemployment rate edged up to 6.7 percent in February from 6.6 percent the month before, but employers added more jobs than expected, <a href="http://www.bls.gov/news.release/empsit.nr0.htm" target="_blank">the Bureau of Labor Statistics said Friday</a>.<p>According to BLS, the number of jobs on public and private payrolls grew by 175,000 last month — about 25,000 more than economists had expected.<p>That employment figure, not the jobless rate, is typically what economists focus more attention on after each month's data are Fri, 07 Mar 2014 14:34:00 +0000 Mark Memmott 18038 at http://wnpr.org Jobless Rate Ticks Up, But Job Growth Is Better Than Expected Seeking Energy Independence, Europe Faces Heated Fracking Debate http://wnpr.org/post/seeking-energy-independence-europe-faces-heated-fracking-debate While watching the turmoil in Ukraine unfold, you may feel as though it has little to do with the United States, but the conflict is stirring a contentious debate in Europe over a topic familiar to many Americans: fracking.<p>Much of the continent depends on Russian natural gas that flows through pipelines in Ukraine. European countries are asking themselves whether to follow the U.S. Fri, 07 Mar 2014 08:17:00 +0000 editor 18026 at http://wnpr.org Seeking Energy Independence, Europe Faces Heated Fracking Debate