The Wheelhouse Digest
12:02 pm
Thu July 25, 2013

Harp and Hedge Funds

Did you just get back from a vacation on a remote island? Did you just finish watching all six seasons of "Lost" immediately followed by all 54 episodes of "Breaking Bad"?

Here are the stories you may have missed. 

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TONI HARP WINS DEMS' ENDORSEMENT
But she still has to petition to get on the ballot for New Haven Mayor.

Toni Harp won her party's endorsement, but she may still have to petition her way onto the ballot.
Credit Thomas Macmillan/New Haven Independent

Democrat Toni Harp was endorsed by the Democratic Town Committee on Tuesday. But the DTC failed to file paperwork on time to have her name on the ballot.

Harp is taking it in good stride (at least in public). She called this moment a "silver lining," as her supporters took to the streets with petitions.

Read more at The New Haven Independent.

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STAMFORD HEDGE FUND INDICTED BY FEDS

SAC Capital is a successful trading firm on Wall Street and federal authorities just announced four counts of securities fraud and one count of wire fraud against the company.

This decade-long investigation did not result in criminal charges against SAC's chief, Steven Cohen. But he could still face civil charges.

Read it at ​The New York Times.

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VALLAS KEEPS HIS JOB DURING APPEAL

While the Connecticut Supreme Court decides whether or not Bridgeport Schools Superintendent Paul Vallas can remain on the job after a lower court said he was unqualified.

Of course, Vallas appealed the decision and the Supreme Court said he can continue his job until a final decision is reached.

Read more at The Hartford Courant.

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FEWER FEMALE INMATES IN DANBURY FEDERAL PRISON

Instead of serving time in western Connecticut, many female prisoners will now go to Aliceville, Ala. The Danbury Federal Corrections Institute was an all-female prison back in the '90s. The new plan will allot only 200 spots for women out of approximately 1,300.

Opponents of the move say that prisoners who come from the northeast will be much further away from home and their families.

Female inmates will start being moved next month.

Read more at Slate.

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DREAM HOME: FORMER HEPBURN MANSION?

Frank Sciame bought the estate a year after Hepburn died in 2004.
Credit Sotheby's Realty

Want to live in the former Connecticut home of Katharine Hepburn? Well, you can't. The current owner pulled it off the market after receiving no offers that matched the asking price of $30 million.

The Old Saybrook home will be used as a summer home for the current owners.

Start saving up your money for the next time it goes on the market.

Read more at The Hartford Courant.