economy

CIGNA Inc. / Wikipedia

The CEO of Cigna said he believes it will take a year to 18 months for regulators to review his company’s proposed merger with Anthem. 

Wikimedia Commons

On a recent visit to Kenya, President Obama proposed changes to U.S. laws governing the sale of ivory. 

The measure is largely in response to a poaching crisis that's pushing elephants, rhinos, and other species to the brink of extinction.

Connecticut was once a hub for the global ivory trade, so musicians and museums are wondering what the future holds for their ivory-containing instruments, art, and antiques.

Edwin and Kelly Tofslie / Creative Commons

AARP calls it “Valuing the Invaluable”: a new report totes up the unpaid care given by loved ones to family members with chronic, disabling, or serious health problems. 

Marriage in Our Modern World

Jul 28, 2015
Pete / Creative Commons

Across the United States, partners still hold the institution of marriage dear. Yet as time moves on, there are significant changes in the way Americans approach marriage. Many years ago, the idea of marrying for love was ludicrous. Now, the love match is the heart of a modern marriage.

UTC

The executive in charge of United Technologies Corp's building systems business, Geraud Darnis, is leaving the company in the latest management change under new CEO Greg Hayes. 

KentWeakley/iStock / Thinkstock

The average worker in Connecticut cannot afford rent on a two-bedroom apartment, according to a new study by the National Low Income Housing Coalition. A renter must earn $24.29 an hour to afford a two-bedroom in Connecticut according to the NLIHC’s Out of Reach report.

glegorly/iStock / Thinkstock

The Connecticut economy gained 600 jobs last month,  according  to a new analysis from the state Labor Department. Unemployment fell to its lowest level since July of 2008 : 5.7 percent.

Jorge Gonzalez / Creative Commons

 

As Europeans work towards a resolution of the Greek debt crisis, another economic crisis in Puerto Rico is contributing to a huge out-migration of residents from the island. 

Mixabest / Creative Commons

A new federal designation is expected to help the state of Connecticut access more than $1 billion in federal funding for economic development and to boost manufacturing.

The state is one of twelve applicants to receive the designation by President Barack Obama's administration under the Investing in Manufacturing Committee Partnership Initiative. It's a federal program designed to strengthen manufacturing across the country and support states with long-term economic development strategies.

Greek Prime Minister Alexis Tsipras was trying to sell a bailout proposal at home on Friday while creditors reviewed the text abroad.

According to The Guardian, Tsipras called a meeting with his ruling coalition in Athens.

zimmytws/iStock / Thinkstock

As Greece seeks a new three-year bailout from other countries in the Eurozone, investors and businesses around the world -- including here in Connecticut -- are keeping an eye on the country's crumbling economy. 

Charlie Smart / WNPR

The Hartford Yard Goats unveiled their team logo on Wednesday, featuring a feisty goat chewing on a baseball bat.

The nostalgic colors and lettering refer to Hartford sports history -- the Whalers -- and the old New Haven-Hartford-New York train line logo. A "yard goat" is a term for a type of rail car.

Massachusetts Lottery officials say they are prepared for the new competition from the casino industry.

State lottery officials say they are using zip code analysis to detect any shift in sales patterns in the convenience stores, gas stations, and bars located near Plainridge Park, the state’s first casino that opened to capacity crowds on June 24. 

State Treasurer Deborah Goldberg, who oversees the lottery, vows the agency will compete with the casinos.

Greece and its European Union partners are beginning to sort out what's next after the country voted en masse to reject a German-led bailout plan that would have given the country more credit to pay its debt in exchange for tough austerity measures.

Updated at 2:30 a.m. ET Monday:

Greek Finance Minister Yanis Varoufakis has resigned. According to The Associated Press: Varoufakis was told shortly after the Greek referendum result that the some eurozone finance ministers and Greece's other creditors would prefer he not attend the ministers' meetings. He issued an announcement on Monday saying the prime minister had judged that his resignation "might help achieve a deal" and that he was leaving the finance ministry for this reason.

Updated at 8:40 p.m. ET Sunday:

The U.S. economy keeps adding jobs at a steady pace, but the Labor Department report for June also shows more people are leaving the labor force and wages are not rising.

The economy added 223,000 jobs last month as unemployment fell to its lowest rate since 2008, the Labor Department said Thursday. The jobless rate dipped to 5.3 percent from 5.5 percent in May.

The Justice Department says it is investigating "possible unlawful coordination" by several major airline carriers. American, Delta, Southwest and United Airlines have all confirmed receiving letters from the Justice Department.

In a statement, American said the department "seeks documents and information from the last two years that are related to statements and decisions about airline capacity."

A United spokesman said the company is complying fully in regard to the probe.

Office of Governor Dannel Malloy / Creative Commons

Business leaders in Connecticut say the changes in the budget implementer bill that passed the General Assembly this week are only a start.

At the end of World War II with the continent in ruins, Winston Churchill famously proclaimed, "We must build a United States of Europe." He believed such a union would bring an end to centuries of European wars.

For 70 years Europe has been engaged in a political and economic quest to make that happen. But many in Greece, such as Athens cabdriver Jordan Repanidis, feel this historic reshaping of the Western world has a stranglehold on their country.

Obama To Expand Overtime Pay For Millions

Jun 30, 2015

President Obama announced this week that the Labor Department will expand overtime pay, in a move the administration estimates would impact 5 million U.S. workers. That would double the income threshold at which employers can avoid paying overtime.

Right now, only salaried employees earning less $23,660 a year are eligible for overtime. This rule would raise that threshold so that employees making up to $50,660 a year would get paid overtime.

Ken Teegardin / Creative Commons

Connecticut could see its job growth actually decline this year and next, according to a dire new forecast from UConn’s Center for Economic Analysis.

Charlie Smart / WNPR

Governor Dannel Malloy has taken to citing a tax study by Ernst and Young which he claims shows Connecticut has among the lowest corporate tax rates in the nation.

But the lead author of the study doesn’t agree with the governor’s interpretation, and on Monday, the Connecticut Business and Industry Association invited Andrew Phillips to explain why.

Kevin Thompson / Flickr Creative Commons

In 1997, more than 180 nations signed the Kyoto Protocol. The idea was clear and ambitious: Begin the process of saving the planet from global warming. The Kyoto protocol outlined what were thought to be realistic guidelines for reducing greenhouse gas emissions among developed nations. In the nearly 20 years since the protocol was signed, climate change has showed few indications of slowing.

Pictures of Money / Creative Commons

Last week, non-profit Hartford Healthcare said they would cut the jobs of over 400 people if the state increased taxes on hospitals to what they say are unsustainable rates.

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

Transcript

MELISSA BLOCK, HOST:

Chris Potter / Creative Commons

Connecticut added 6,400 jobs in May, and the state’s unemployment rate fell to six percent. The figures mean so far in 2015, the state is showing its strongest performance since the post-recession recovery began. That’s despite the fact that the department also revised April’s figures from a 1,200 job gain to a 600 job loss. 

Sherman Geronimo-Tan / Creative Commons

Is scientific progress suffering from a lack of creativity?

This hour, we talk to the author of The Creativity Crisis: Reinventing Science to Unleash Possibility to find out how increasingly cautious funding decisions are impacting scientific innovation and discovery. 

The Connecticut Mirror

Connecticut’s legislative session ended with a soft thud last week. There wasn’t quite the mad rush we're used to seeing as the clock ticked down. That means, lawmakers will have to return to the capitol for a special session. This hour on our weekly news roundtable The Wheelhouse, we recap the long session and talk taxes, as business groups and even other states are jumping in with comments on the state's new tax plans.

What if there were an app where a user could have all of the news he was interested in, from the outlets he trusted, all in one place?

That's the goal of Apple's new iOS 9 feature, called, simply, News. It will be a permanent fixture on the iPhone and iPad home screen, just like Calendar, Maps and Weather.

The second and last day of the G-7 summit in Germany today will focus on climate change and terrorism.

The BBC reports:

"Chancellor Angela Merkel wants the group to reach an agreement on limiting global temperature rises. She also wants G-7 members to contribute to a fund for poor countries suffering the worst effects of climate change.

"There will also be talks on the threat from radical extremism with the leaders of Nigeria, Tunisia and Iraq.

Pages