investment http://wnpr.org en 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? Helping Manufacturers Save For the Future http://wnpr.org/post/helping-manufacturers-save-future <p>As manufacturing continues its rebound in this country, there’s a lot of discussion about the best ways for government to encourage the trend. One group of manufacturers in Connecticut think they’ve found the perfect policy tool, and they’re pioneering it here in Connecticut.</p><p> Mon, 16 Jun 2014 15:09:16 +0000 Harriet Jones 23711 at http://wnpr.org Helping Manufacturers Save For the Future Reports: Royal Bank of Scotland to Slash Hundreds of U.S. Jobs http://wnpr.org/post/reports-royal-bank-scotland-slash-hundreds-us-jobs <p>The Royal Bank of Scotland could lay off hundreds of its U.S. employees, according to new reports. The company has its North American headquarters in Stamford.</p><p> Wed, 28 May 2014 12:45:40 +0000 Harriet Jones 22642 at http://wnpr.org Reports: Royal Bank of Scotland to Slash Hundreds of U.S. Jobs 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 UConn Bonds See Record Orders http://wnpr.org/post/uconn-bonds-see-record-orders <p>UConn's basketball dominance is great for school spirit, but it's also helping raise money the university puts towards improving its facilities.</p><p>Each year, the state treasurer's office issues UConn Bonds. If you buy them, you're investing in things like the improvements to the university's health center, or building new dorms or study halls on its various campuses.</p><p>Assistant Treasurer Sarah Sanders said they've always sold well each year since they were first issued in 1995. But this year was special.</p> Fri, 11 Apr 2014 19:19:48 +0000 Harriet Jones 20007 at http://wnpr.org UConn Bonds See Record Orders Bill Aims to Help Low-Income Workers Save For Retirement http://wnpr.org/post/bill-aims-help-low-income-workers-save-retirement <div><p>Three quarters of Americans nearing retirement have saved less than $30,000 for their retirement years, according to data from the New School for Social Research.&nbsp;Decades of stagnant incomes, an inability to save, and disappearing pensions are part of the reason.</p><p>One third of Connecticut residents are baby boomers, and state legislators are proposing a program to help them do a better job preparing for retirement.</p></div><p> Tue, 01 Apr 2014 13:04:02 +0000 Skyler Magnoli 19379 at http://wnpr.org Bill Aims to Help Low-Income Workers Save For Retirement Lending Circles Help Latinas Pay Bills And Invest http://wnpr.org/post/lending-circles-help-latinas-pay-bills-and-invest <em>As part of its Changing Lives of Women series, </em>Morning Edition<em> is exploring women and their relationship with money: saving, purchasing and investing for themselves and their families. Tue, 01 Apr 2014 07:05:00 +0000 Shereen Marisol Meraji 19363 at http://wnpr.org Lending Circles Help Latinas Pay Bills And Invest 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 When Planning For The Future, Women Have Been Hands Off http://wnpr.org/post/when-planning-future-women-have-been-hands It's a truism in the financial industry that women need to get more out of their money than men since they live longer and make less, especially if they take time out to care for children or aging parents. Mon, 31 Mar 2014 07:28:00 +0000 Jennifer Ludden 19307 at http://wnpr.org When Planning For The Future, Women Have Been Hands Off 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 State-Sponsored Retirement Plan Attracts Supporters, Critics http://wnpr.org/post/state-sponsored-retirement-plan-attracts-supporters-critics <p>Legislators want to create a state-sponsored retirement plan for private sector workers in Connecticut.&nbsp;<span style="line-height: 1.5;">A bill before lawmakers would task the state treasurer with administering a low-cost plan that residents could pay into.&nbsp;</span></p><p> Thu, 13 Mar 2014 14:16:47 +0000 Harriet Jones 18365 at http://wnpr.org State-Sponsored Retirement Plan Attracts Supporters, Critics NTSB Recommendations to Metro North; Salt Shipments Arrive http://wnpr.org/post/ntsb-recommendations-metro-north-salt-shipments-arrive <p><iframe allowfullscreen="" frameborder="0" height="315" src="//www.youtube.com/embed/xZd9tgTn84g?list=UUdeV_lmPe3Ne21BmkhTb1xw" width="560"></iframe></p><p>The National Transportation Safety Board is calling for speed-limit signs in more places on Metro-North Railroad and cameras in the control cabs to monitor engineers and the tracks. In a letter dated Tuesday and sent to new Metro-North President Joseph Giulietti, the agency calls for permanent signs to warn engineers in advance of areas where speed restrictions are enforced, as an additional reminder to slow down.&nbsp;</p> Wed, 19 Feb 2014 22:41:31 +0000 Teri McCready 17208 at http://wnpr.org DECD Chief Defends Underwriting of Business Assistance Loans http://wnpr.org/post/decd-chief-defends-underwriting-business-assistance-loans <p>The Commissioner of Economic and Community Development has defended her department's record on business assistance loans. Catherine Smith gave evidence before the Commerce Committee, saying 1,114 companies have been helped through DECD programs like Small Business Express. Wed, 19 Feb 2014 15:06:04 +0000 Harriet Jones 17196 at http://wnpr.org DECD Chief Defends Underwriting of Business Assistance Loans Group of Foundations Unite in Divesting From Fossil Fuels http://wnpr.org/post/group-foundations-unite-divesting-fossil-fuels <p><span style="line-height: 1.5;">A recent move by 17 foundations to stop investing in fossil fuels has added to a growing debate about "green portfolios."</span></p><div> Mon, 10 Feb 2014 12:09:03 +0000 Patrick Skahill 16749 at http://wnpr.org Group of Foundations Unite in Divesting From Fossil Fuels Job Growth Less Than Expected, But Unemployment Hits 5-Year Low http://wnpr.org/post/nervousness-about-economy-ahead-todays-jobs-report <h6><em>Note: This post was updated several times after the jobs report was released at 8:30 a.m. ET.</em></h6><p>The nation's unemployment rate slipped to 6.6 percent in January from 6.7 percent a month before, but employers added only 113,000 jobs to their payrolls last month, <a href="http://www.bls.gov/news.release/empsit.nr0.htm" target="_blank">the Bureau of Labor Statistics reported Friday morning</a>.<p>The jobless rate figure was expected. Fri, 07 Feb 2014 12:50:00 +0000 Mark Memmott 16616 at http://wnpr.org Job Growth Less Than Expected, But Unemployment Hits 5-Year Low Protecting and Growing Your Money http://wnpr.org/post/protecting-and-growing-your-money <p></p><p>Our financial analysts look at protecting and growing your money.</p><p>On this fresh edition of <em>The Faith Middleton Show</em>, the markets have been dropping despite some good economic news. Are investors truly spooked or taking profits? What's going on? Are we in for one of those rocky years in the market, and if so, our guests take your calls and talk about protecting and growing your money.</p><p> Tue, 04 Feb 2014 18:33:45 +0000 Faith Middleton, Lori Mack & Jonathan McNicol 16458 at http://wnpr.org Protecting and Growing Your Money JPMorgan Chase To Pay $1.7 Billion To Madoff Victims http://wnpr.org/post/jpmorgan-chase-pay-17-billion-madoff-victims After striking a deal with federal prosecutors, JPMorgan Chase has agreed to pay $1.7 billion to the victims of Bernard Madoff's multibillion-dollar Ponzi scheme.<p>The bank will be criminally charged with two violations of the Bank Secrecy Act and will admit to the violations. But under the agreement, the bank will receive a deferred prosecution.<p>The U.S. Tue, 07 Jan 2014 18:33:00 +0000 editor 15073 at http://wnpr.org JPMorgan Chase To Pay $1.7 Billion To Madoff Victims The Scramble: Insider Trading, Anxiety, and David Brooks Best Friend http://wnpr.org/post/scramble-insider-trading-anxiety-and-david-brooks-best-friend <p></p><p><span style="line-height: 1.5;">Today on The Scramble we lead off with some reporting that will be featured this week on a PBS' "Frontline" story, </span><a href="http://www.pbs.org/wgbh/pages/frontline/to-catch-a-trader/" style="line-height: 1.5;">To Catch a Trader.</a><span style="line-height: 1.5;">&nbsp;It's the story of a federal probe into insider trading and the specific role of Connecticut's Steve Cohen, and his SAC hedge fund.&nbsp;</span></p><p> Mon, 06 Jan 2014 15:49:41 +0000 Colin McEnroe, Betsy Kaplan & Chion Wolf 15008 at http://wnpr.org The Scramble: Insider Trading, Anxiety, and David Brooks Best Friend State Seeks Applications for Bioscience Fund http://wnpr.org/post/state-seeks-applications-bioscience-fund <p>Connecticut's new Bioscience Innovation Fund is looking for ideas to expand and improve the state's bioscience industry.</p><p> Fri, 03 Jan 2014 15:11:43 +0000 Harriet Jones 14900 at http://wnpr.org State Seeks Applications for Bioscience Fund Will Your Health Plan Become Like Your 401K? http://wnpr.org/post/will-your-health-plan-become-your-401k <p>The Affordable Care Act wasn't aimed at people who already get health care through their employers, but it's having such a revolutionary effect on the marketplace, they might end up feeling its effects anyway.&nbsp;</p><p> Tue, 10 Dec 2013 15:49:20 +0000 Harriet Jones 13707 at http://wnpr.org Will Your Health Plan Become Like Your 401K? Small Firms May Soon Turn To Crowdfunding To Sell Shares http://wnpr.org/post/small-firms-may-soon-turn-crowdfunding-sell-shares Crowdfunding is popular among musicians, filmmakers and artists looking for a way to finance their next project.<p>Now the Securities and Exchange Commission is <a href="http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370540017677#.UpO6n9KshcY">considering rules</a> that, for the first time, would allow small companies to solicit investments over the Internet and sell shares to the general public.<p>For some small firms, these new rules come as welcome news.<p>Shane Emmett, CEO of Health Warrior, which makes a line of nutrition bars made of chia seeds, says his company is looking to Tue, 26 Nov 2013 14:06:00 +0000 Yuki Noguchi 12997 at http://wnpr.org Small Firms May Soon Turn To Crowdfunding To Sell Shares JPMorgan Says It Broke No Law. So Why Pay The $13 Billion? http://wnpr.org/post/jpmorgan-says-it-broke-no-law-so-why-pay-13-billion State and federal regulators have hailed Tuesday's <a href="http://www.justice.gov/iso/opa/resources/69520131119191246941958.pdf" target="_blank">$13 billion settlement</a> with JPMorgan Chase & Co. Fri, 22 Nov 2013 23:12:00 +0000 Jim Zarroli 12884 at http://wnpr.org JPMorgan Says It Broke No Law. So Why Pay The $13 Billion? JPMorgan Chase Will Pay $13 Billion In Record Settlement http://wnpr.org/post/jp-morgan-chase-will-pay-13-billion-record-settlement In an agreement settling many U.S. claims over its sale of troubled mortgages, JPMorgan Chase will pay a record $13 billion, in a deal announced by the <a href="http://www.justice.gov/opa/pr/2013/November/13-ag-1237.html">Justice Department</a> Tuesday. The plan includes a $4 billion payment for consumer relief, along with a payment to investors of more than $6 billion and a large fine.<p>The latest updates on this story are at the bottom of this post. Tue, 19 Nov 2013 20:08:22 +0000 Bill Chappell 12667 at http://wnpr.org JPMorgan Chase Will Pay $13 Billion In Record Settlement JPMorgan Reportedly To Pay $4 Billion To Mortgage Borrowers http://wnpr.org/post/jpmorgan-reportedly-pay-4-billion-mortgage-borrowers JPMorgan Chase & Co. will pay $4 billion to consumers who were hurt by faulty mortgage underwriting, part of a larger $13 billion deal to settle the bank's liability in the collapse of toxic securities during the housing crisis.<p>The deal is expected to be announced this week.<p>NPR's Jim Zarroli reports that "a source familiar with the settlement says that as much as $1.7 billion will go to homeowners who owe more on their mortgages than their homes are worth. Portions of the money will also go to restructure mortgages. Tue, 19 Nov 2013 11:41:04 +0000 Scott Neuman 12632 at http://wnpr.org JPMorgan Reportedly To Pay $4 Billion To Mortgage Borrowers Study: Community Banks Essential, But Challenged http://wnpr.org/post/study-community-banks-essential-challenged <p>Community banks are a vital part of the credit landscape, <a href="http://www.csbs.org/news/csbswhitepapers/Documents/FINALPUBLICATION.pdf" target="_blank">according to a new report</a>. Despite their popularity with customers, their numbers are shrinking.&nbsp;<span style="line-height: 1.5;">Federal regulators joined with state authorities to take an in depth look at community banking around the country in what's being viewed as the most comprehensive study of its kind.&nbsp;</span></p><p> Tue, 22 Oct 2013 20:21:12 +0000 Harriet Jones 9964 at http://wnpr.org Study: Community Banks Essential, But Challenged A Company's Tweets Can Help Make It Creditworthy http://wnpr.org/post/companys-tweets-can-help-make-it-creditworthy For many online and other small businesses, getting a loan or a big cash advance is tough. Banks and other traditional lenders are often leery of those without years of financial statements and solid credit scores.<p>But some lenders and other financial services companies are beginning to assess credit risk differently — using criteria you might not expect.<p>Jeffrey Grossman is an acupuncturist in Bellingham, Wash. He's also a small businessman. Tue, 15 Oct 2013 06:37:00 +0000 editor 9549 at http://wnpr.org A Company's Tweets Can Help Make It Creditworthy Startups in Connecticut Develop Software Talent Pipeline http://wnpr.org/post/startups-connecticut-develop-software-talent-pipeline <p>The job of software developer is one of the hottest occupations in the world right now, and demand for developers is only expected to accelerate. That poses a dilemma for startup technology companies here in Connecticut. In an incredibly competitive marketplace, how do they find and cultivate the right talent? One program in Connecticut is trying to come up with a solution.</p><p> Mon, 07 Oct 2013 15:45:39 +0000 Harriet Jones 7931 at http://wnpr.org Startups in Connecticut Develop Software Talent Pipeline UConn Economist: Spend Less, and Risk Being Worse Off http://wnpr.org/post/uconn-economist-spend-less-and-risk-being-worse <p>Economists at the University of Connecticut are calling on the state to use bonds that have been approved by the legislature but never issued. The <a href="http://ccea.uconn.edu/forecasts/CTOutlook_2013Sep.pdf" target="_blank">Connecticut Center for Economic Analysis forecast</a> reports that if the state relies only on traditional drivers like the housing market to grow the economy, it could begin to lose jobs again in 2014.</p> Thu, 19 Sep 2013 16:02:33 +0000 Harriet Jones 5206 at http://wnpr.org UConn Economist: Spend Less, and Risk Being Worse Off Connecticut Companies Survey World Markets http://wnpr.org/post/connecticut-companies-survey-world-markets <p>The U.S. economy is picking up and the Eurozone’s out of a recession, but emerging markets are now slowing down. In this new economy, companies find it takes more than one market to fuel growth.</p><p>Think of the global economy as a large pizza pie worth nearly $75 trillion. Each country adds more dough and toppings, and the pie keeps growing. But downturns change that.</p> Fri, 13 Sep 2013 13:55:23 +0000 Sujata Srinivasan 4074 at http://wnpr.org Connecticut Companies Survey World Markets Microloans Benefit Connecticut Mom and Pops http://wnpr.org/post/microloans-benefit-connecticut-mom-and-pops <p><span style="font-family: 'Times New Roman'; letter-spacing: 0px; line-height: 1.5;">In an ongoing effort to create growth for mom and pop businesses in the state, the U.S. Small Business Administration is making capital available to Connecticut Economic Development Fund, a non-profit offering micro-loans. Tue, 27 Aug 2013 12:03:40 +0000 Sujata Srinivasan 3888 at http://wnpr.org Microloans Benefit Connecticut Mom and Pops