Originally published on Tue April 15, 2014 6:41 pm
Thousands of Massachusetts residents are being surveyed as part of multi-year, multi-million dollar research project on the social and economic impacts of introducing casino gambling to the state.
The members of the UMass Amherst led research team say initial results will be reported to the Massachusetts Gaming Commission in September. These findings will be the baseline that will be used to measure changes in problem gambling, domestic violence, housing prices and a host of other socio-economic factors as casinos open over the next one to three years.
When the Copper Beech Farm in Greenwich went on the market last spring at an asking price of $190 million dollars, it was the most expensive single-family home ever to hit the American market. Many people thought it wouldn’t close at nine figures. But it has.
Governor Dannel Malloy has released a plan to protect Connecticut's utilities against cyber attacks. Connecticut's electric, natural gas, major water companies and the regional distribution systems have already been penetrated in the past.
When asked just how many cyber attacks have happened, Arthur House, chairman of the Public Utilities Regulatory Authority, said he can't go into much detail.
UConn's basketball dominance is great for school spirit, but it's also helping raise money the university puts towards improving its facilities.
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.
Assistant Treasurer Sarah Sanders said they've always sold well each year since they were first issued in 1995. But this year was special.
Originally published on Fri April 11, 2014 2:57 pm
BMW is the latest automaker to announce a car recall. Yesterday, the automaker announced it’s recalling 156,137 luxury cars and SUVs because of possible stalling issues.
This comes on the heels of Toyota’s recall announcement this week, and General Motors’ recent vehicle recall notices. There have been more than 11 million vehicle recalls so far this year, and it’s part of the rapid rise of recalls in the past five years.
Originally published on Thu April 10, 2014 8:46 am
Customers chat, read the paper and order sandwiches and espresso drinks at the counter of August First Bakery & Cafe in Burlington, Vt., but there's something different here. Where there used to be the familiar glow of laptop screens and the clicking of keyboards, now the devices are banned.
"I was here working on my laptop when I looked over and saw that there's a sign that says 'laptop-free,' " says Luna Colt, a senior at the University of Vermont.
Are all horses naturally vicious? The State Supreme Court didn't answer that question in its recent ruling about a horse named Scuppy who bit a toddler in 2006.
However, a majority of justices agreed that all horses are inclined to bite. This presumption has upset horse owners and equine business owners in Connecticut, who say a lot is now riding on legislation that would reduce their liability to personal injury lawsuits.
Proposed new legislation would set new limits on Connecticut's independent electric suppliers, curbing what state officials are calling deceptive practices. The bill was introduced by Governor Dannel Malloy, Attorney General George Jepsen, and Consumer Counsel Elin Katz.
By the time Bristol's West End Pizza was ready to open its doors on Saturday morning, there were a dozen patrons already outside, waiting to get in. You may have heard of a flash mob. Well, this is a financial version. The family owned pizzeria was the target of a "cash mob," which is essentially a group of people joining forces to give a business a really good day.
As part of its Changing Lives of Women series, Morning Edition is exploring women and their relationship with money: saving, purchasing and investing for themselves and their families.
Cuban-American Barb Mayo describes a tanda like this: "It's like a no-interest loan with your friends." Mayo had never heard of tandas growing up, and it wasn't until she started working in sales for a cable company in Southern California that she was introduced to the concept.
Originally published on Mon March 31, 2014 12:46 pm
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. But it's also a given that they lack confidence when it comes to investing, something that's clear on a recent evening at the Women's Center in Vienna, Va.
President Obama has congratulated Connecticut for becoming the first state to officially endorse his goal for the minimum wage. The General Assembly on Wednesday night passed a bill that will raise the wage to $10.10 an hour by 2017.
The Connecticut General Assembly passed a bill that would raise Connecticut's minimum wage to $10.10 an hour by 2017. The legislation makes the state the first in the nation to endorse President Barack Obama's goal for the national minimum wage.
Republican senators offered a variety of amendments to the bill, but all were been defeated.
UConn's School of Business is included in a ranking of the top 60 business schools for veterans. This is the second year Military Times issued the ranking after surveying 140 colleges and universities.
Participants in the City of Hartford's first mentor-protégé program, from left: Ian Howell and his mentor, Nick Bonadies; Joslyn F. Chance and his mentors, Cathy Jo and Barry Cousineau; Shane Kelly and his mentor, Arthur "Chip" Martin.
Many cities promote minority and women owned businesses by hiring them to provide services. But Hartford is going one step further -- with a mentoring program.
Shane Kelly is an ironwork contractor, and his company, Kelly Steel, has been a certified minority-owned business for years. He wants to expand his business into more areas of his industry. "I've been apprehensive, you know," he said. "No one wants to mess up."
Originally published on Mon March 24, 2014 12:09 am
Somewhere under all of that melting snow, there's a warming economy.
"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.
"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.