WNPR

economy

President Trump on Thursday named Jerome Powell to be the next chair of the Federal Reserve, the first time in decades that a president hasn't reappointed a chief of the central bank for a second term.

If confirmed by the Senate, Powell, 64, will succeed Janet Yellen — the first woman to head the Fed — whose term expires in February. Powell, a current member of the Fed's board of governors, is expected to pursue policies largely in line with the gradual interest rate hikes of the Yellen-led Fed.

Connecticut Department of Economic and Community Development

Connecticut officials have unveiled their pitch to bring Amazon's new $5 billion headquarters to the Nutmeg State.

On a wall in Greg LeRoy's office is a frame with a custom-engraved wrench and a photo of workers in front of the Diamond Tool and Horseshoe factory in Duluth, Minn. It's from his days helping unions fight plant closings — when he first started digging into the convoluted financial relationship of corporations and local governments.

These days, LeRoy is the guy to call if you want to know about corporate subsidies. Lately, his phone has been ringing about one company in particular: Amazon.

Updated at 4:11 p.m. ET.

The Dow Jones industrial average on Tuesday briefly topped 23,000 for the first time, crossing another milestone amid better-than-expected earnings reports and concerns that stocks are approaching another bubble.

But the 30-stock index ended the day at 22,997.44, up 40.48 points.

The Dow finished above 22,000 for the first time on Aug. 2.

Nathan & Jenny / Creative Commons

The state’s largest health insurer, Anthem is still in dispute with Hartford HealthCare over reimbursement for health services, but another insurer has reached a contract with the hospital system. 

CTVisit.com

Still Revolutionary”… or stuck in a rut?

This hour -- in the midst of budget woes and major business losses -- we find out what Connecticut can and should be doing to bolster its image on the national stage. 

Reyner Media / Creative Commons

We spend over three trillion dollars on health care every year and we have worse outcomes than any other developed country - all of which spend on average about half of what America spends per person. 

Harriet Jones / WNPR

Alexion Pharmaceuticals plans to move its headquarters out of the city of New Haven where it began as a startup. The giant company will relocate its corporate office to Boston, the third major company to announce a move from the state in the last two years, following General Electric and Aetna.

Waiting for the Word / Creative Commons

John Nichols, author of Horsemen of the Trumpocalypse: A Field Guide to The Most Dangerous People in America believes Donald Trump has put together the most dangerous cabinet in history. He says Trump has filled it with partisan ideologues or people with no government experience and/or unqualified to do the job of their department. 

UTC

United Technologies’s aerospace units are about to get a lot bigger. The Farmington-based conglomerate has announced it will buy Rockwell Collins in a $30 billion dollar deal -- its biggest ever. 

Ryan Caron King / WNPR

Health insurer Aetna has admitted it inadvertently revealed the HIV status of some of its customers in a paper mailing last month. 

Photo Courtesy Martin Podskoch / Connecticut Department of Energy and Environmental Protection

In the midst of the Great Depression more than 80 years ago, President Franklin D. Roosevelt created the Civilian Conservation Corps — giving jobs to young men to support their families, while conserving the country’s wild lands and upgrading our state parks.

This hour, we revisit our show on the CCC’s impact in Connecticut and we hear from one “CCC boy” who is now 102 years old.

Medium

Connecticut Senator Chris Murphy has taken to the roadways of Connecticut for his second "Walk Across Connecticut," a chance to hear face to face from constituents about their concerns. Along the way he is holding daily town hall forums and eating at local restaurants.

Jon Callas / Creative Commons

Hartford has long been known as the insurance capital of the world, but will that change now that insurance giant, Aetna, is moving its headquarters out of the state?

This hour, we examine the past and future of insurance in Connecticut — and beyond.

Chion Wolf / WNPR

The U.S Senate recently rejected a number of Republican plans to repeal, replace, or just overhaul the Affordable Care Act. But the health care debate is far from settled.

Pages