economy

Ryan Caron King / WNPR

What news mattered most to you this year? In Connecticut, many national headlines took a localized form in 2015. 

Senado Federal / Flickr

It goes by many names: the sharing economy, the collaborative economy, the peer economy, just to name a few. Whatever you want to call it, one thing's for sure: this new way of doing business -- where idle assets equal big profits, and the hard-earned currency of trust comes through user reviews -- is changing the economic landscape of our country.

Centerplan Construction

The head of the Hartford agency overseeing the new $56 million minor league baseball stadium project said he is concerned that the project won't be done in time for opening day in April. But the stadium's developer said that's not the case. 

Paul Jerry / Creative Commons

Serta Simmons Bedding is planning to relocate its Massachusetts operations across the border to Windsor Locks, according to Connecticut Governor Dannel Malloy. 

Harriet Jones / WNPR

General Electric is going to make us wait a little longer. The conglomerate had promised a decision on its potential headquarters move by the end of this year, but recently said it won’t announce until January.

Michael Iamele / Soul de Cuba Café

American Airlines and Jet Blue have announced plans to offer scheduled flights to Cuba. This follows last week’s new agreement on commercial flights between the island nation and the United States. 

Ryan Caron King / WNPR

When Metro-North trains run through the East Side neighborhood of Bridgeport, passengers don’t see much beyond a jungle of abandoned factories.

But on the site of an old ammunition factory, the state plans to build a second rail station for the city. It’s a part of Bridgeport that needs development the most, some say.

The Federal Reserve on Wednesday announced liftoff for short-term interest rates — a launch that may send many borrowing costs higher in 2016.

The 0.25-percentage-point increase — to a range of 0.25 percent to 0.5 percent — in the federal funds rate was small but important because it signals the beginning of the end of easy money; the Fed wants to get back to normal after years of fighting economic stagnation with supercheap loans.

Warm Winter Weather Affecting Recreation Business

Dec 14, 2015

Break out the sandals and shorts – it’s nearly 60 degrees outside.  Many folks are grabbing their irons and are out playing the links — which wouldn’t be so unusual if it wasn’t mid-December in northern New York and Vermont. But the winter sports industry is holding its breath. WAMC’s North Country Bureau Chief Pat Bradley takes a look at how the warm temperatures are affecting recreation habits.

One of the state’s largest employers is about to undergo a major change in ownership. Keurig Green Mountain, the Waterbury-based coffee company that employs more than 600 people statewide, is to be bought by an investor group for $13.9 billion. But state officials say they’re confident that Vermont workers will keep their jobs.

If you want to see how refugees are changing Buffalo, N.Y., the West Side Bazaar is a good place to start. It's an incubator for immigrant-owned businesses. And it's the only place in town where you can eat Ethiopian sponge bread, Burmese noodles and Peruvian chicken at the same table. It's also a market with clothing and gifts.

"We are like family here — families from different countries," says Nadeen Yousef, who moved to Buffalo from Iraq last year. Yousef now has a booth at the bazaar, where she sells handmade macrame wall hangings and art.

Michael Raphael / FEMA

Two new reports seem to confirm that the opportunity gap for many workers is widening in Connecticut even as the economic recovery continues. According to one set of data, black workers in the state may be earning up to $8.00 less an hour than whites. 

Back9Network flickr.com/back9network / Creative Commons

The federal Securities and Exchange Commission wants to know more about the relationship between Hartford Treasurer Adam Cloud and the off-the-air, state-funded golf channel called the Back9Network. 

glegorly/iStock / Thinkstock

A children's advocacy group said in a new report that many people of color and young workers in Connecticut have been left behind in the economic recovery from the Great Recession that ended in 2009.

John Bunting / Flickr Creative Commons

In Connecticut, youth unemployment rates are at historic highs, with teenagers being disproportionately affected. This hour, we take a closer look at some of the latest trends and find out what’s being done to help young people find jobs. 

Sujata Srinivasan

Connecticut lost jobs for the second month in a row in October, even as U.S. hiring was heating up.

Tax Credits / Flickr Creative Commons

Are you wondering whether to buy or rent a home? Or how much to save for your child’s education? How much should you set aside for retirement, depending on your age? 

The Re-Emergence of Socialism in America

Nov 18, 2015
Andrew Walsh / Flickr Creative Commons

After decades of being dismissed as a radical movement, socialism in America is back in the spotlight. What's fueling the newfound attention? Some point to Bernie Sanders's presidential campaign, while others say it's an increasing public distaste for the economic inequality our capitalist system has lead to.

Rhode Island is gaining notice as a contender in the high-stakes battle over General Electric's possible relocation from Connecticut, thanks to the state pension overhaul spearheaded by Governor Gina Raimondo in 2011.

Ryan Caron King / WNPR

Governor Dannel Malloy has rolled out more support for his fresh look at the Connecticut state pensions system, but he’s still getting pushback from some of the state's constitutional officers.

Harriet Jones / WNPR

For 40 years, Connecticut has been home to one of the titans of the Dow, General Electric. But now the state is playing a game of “will they or won’t they” with one of its most high profile corporate citizens. 

Harriet Jones / WNPR

Aerospace professionals from across the globe are in Groton this week, as local supply chain companies get an opportunity to network with overseas counterparts and with big U.S. defense companies. 

jahansell / Creative Commons

Let's face it: in Connecticut, even the biggest farms are small. 

Parker Knight / Flickr Creative Commons

The Green Revolution of the mid-twentieth century revolutionized the way the world fed itself.  It introduced new fertilizers, pesticides, and hybrid seeds. At the same time, it also placed an enormous burden on the world’s environmental and ecological systems.

Ryan Caron King / WNPR

The budget talks now have a number. Legislative leaders and Governor Dannel Malloy have agreed -- roughly -- on the size of Connecticut budget hole. 

bldsteelpointe.com

Bridgeport’s business community is absorbing the news that Joe Ganim will soon be back in the mayor’s office. It's a city that’s always needed all hands on deck to stimulate economic development, attract businesses, and boost employment.

Pratt and Whitney

Connecticut defense contractors will soon have an opportunity to meet other businesses and government officials to boost exports and develop global business relationships.

Rep. Joe Courtney and Anne Evans, district director of the U.S. Department of Commerce in Connecticut, said an Aerospace and Defense International Trade Summit is scheduled for Nov. 8-10 in Mystic.

The U.S. economy grew at a considerably slower pace during the third quarter as companies cut back on the size of their inventories, the Commerce Department said.

Growth came in at an annual rate of 1.5 percent — a sharp slowdown from the 3.9 percent gain recorded in the preceding quarter. The economy has grown at about 2 percent so far this year.

About 55 miles east of Capitol Hill, one small business — International Green Structures — is trying to stretch beyond its base in Stevensville, Md., to go global.

IGS, which has about 50 factory workers, makes fiberboard out of compressed wheat. The panels, used to build durable housing, are both "green" and red-white-and-blue-American-made.

Tax Credits / Creative Commons

Are you wondering whether to buy or rent a home? Or how much to save for your child’s education? How much should you set aside for retirement, depending on your age? 

Pages