One of Bitcoin's largest trading exchanges shut down Tuesday, and you probably couldn't care less.
So what if rumors are circulating that millions of dollars' worth of Bitcoin are stolen? If you don't understand Bitcoin in the first place, it's hard to figure out why this matters. So we're using this as an opportunity to go back to the basics: what this b-word means, where it came from and why it just might matter.
A legislative committee wants to delay for a year when the state's insurance marketplace, Access Health CT, could begin negotiating prices with the insurance companies selling products through the exchange.
Originally published on Mon February 17, 2014 7:59 pm
So far this year, retail chains have announced some heavy cuts. J.C. Penney said it would close 33 stores. Macy's said it would lay off 2,500 workers. Sears will close its flagship Chicago store in April.
That's creating a glut of excess space. But that's just one of several forces changing the face of retail.
Originally published on Fri February 14, 2014 7:59 am
An announced $45 billion merger between Comcast and Time Warner Cable — the largest and second-largest cable companies in the U.S., respectively — is under scrutiny not just for its massive size but also for its potential impact on Internet use.
Just over 50 years ago, President Lyndon B. Johnson delivered his State of the Union address and made a pledge to the nation. "This administration today, here and now, declares unconditional war on poverty in America," he said.
Johnson didn't live long enough to see the end of the War on Poverty...and neither have we. Poverty continues to be a big problem in the United States and right here in Connecticut.
Originally published on Thu February 6, 2014 7:55 pm
MELISSA BLOCK, HOST:
On Friday, President Obama is scheduled to sign a new farm bill into law. It contains a provision that allows all dairy farms to be part of a safety net. The point is to offset risk when milk prices are too low or feed costs too high. But Abbie Fentress Swanson reports that even in good times, smaller dairy farms in traditional milk producing states are now giving up.
Originally published on Tue February 11, 2014 11:43 am
Saying it is "the right thing for us to do for our customers and our company to help people on their path to better health," the CEO of CVS Caremark announced Wednesday that the company's 7,600 pharmacies will stop selling cigarettes and tobacco products by Oct. 1.
Larry Merlo also said CVS will try to help those who want to quit smoking with a "robust national smoking cessation program" at its locations.
Our financial analysts look at protecting and growing your money.
On this fresh edition of The Faith Middleton Show, the markets have been dropping despite some good economic news. Are investors truly spooked or taking profits? What's going on? Are we in for one of those rocky years in the market, and if so, our guests take your calls and talk about protecting and growing your money.
Originally published on Wed January 29, 2014 2:30 pm
If you've seen any coverage of North Dakota's oil boom, you've seen the images — oil rigs, truck traffic, "man camps," miles of temporary housing.
But there is something about this place that just can't be captured by a still photograph. It's a feeling you get when you cruise down an endless highway under a vast, big sky — until suddenly: BOOM. You're wedged between semitrucks dwarfing what was once a quiet farm town.
Last year, The Pew Charitable Trusts analyzed the fiscal data for all 50 states. They used several markers to rank the states, including the amount of money in reserve funds, sometimes known as rainy day funds. Connecticut’s rainy day fund is among the lowest in the nation. The highest? Alaska.
This hour, we find out how states like Alaska got so far ahead, while Connecticut fell so far behind.
As the media turns its attention to reports of a strengthening job market, some fear unchanging conditions in long-term unemployment are being overlooked.
Speaking on WNPR's Where We Live, Ofer Sharone of the MIT Sloan School of Management said long-term unemployment is not decreasing at the same rate as overall unemployment -- something he insisted is largely due to discrimination during the hiring process.
The debate over unemployment insurance has Congress in a deadlock. Those opposed to extending emergency benefits argue that doing so only promotes an "idle" class of jobless Americans. Those in favor say it's the only safety net the unemployed have in today’s difficult labor market.
Originally published on Mon January 20, 2014 4:10 pm
Lots of consumers are smitten with local food, but they're not the only ones. The growing market is also providing an opportunity for less experienced farmers to expand their business and polish their craft.
But they need help, and increasingly it's coming from food hubs, which can also serve as food processing and distribution centers. The U.S. Department of Agriculture estimates that there are about 240 of them in more than 40 states plus the District of Columbia.
Originally published on Fri January 17, 2014 4:46 pm
In 1895, legislators in New York state decided to improve working conditions in what at the time could be a deadly profession: baking bread.
"Bakeries are actually extremely dangerous places to work," says Eric Rauchway, a historian at the University of California, Davis. "Because flour is such a fine particulate, if it gets to hang in the air it can catch fire and the whole room can go up in a sheet of flame."
Originally published on Tue January 7, 2014 4:55 pm
Health care spending grew at a record slow pace for the fourth straight year in 2012, according to a new government report. But the federal officials who compiled the report disagree with their bosses in the Obama administration about why.
The annual report from the actuaries at the Centers for Medicare and Medicaid Services, published in the journal Health Affairs, found total U.S. health spending totaled $2.8 trillion in 2012, or $8,915 per person.
Today on The Scramble we lead off with some reporting that will be featured this week on a PBS' "Frontline" story, To Catch a Trader. It's the story of a federal probe into insider trading and the specific role of Connecticut's Steve Cohen, and his SAC hedge fund.
The Cold War is over – but some political relationships in the former Soviet Union remain tense. On Where We Live, we explain the latest turmoil in Ukraine as Russia and the European Union are pulling Ukraine in opposite directions. We're joined by experts and a member of Connecticut's Ukrainian community about to discuss what's happening and why.
Plus, we follow up on a recent show about distracted driving.
It’s that time of the year when miserly Ebenezer Scrooge and sweet Tiny Tim electrify the Hartford Stage with their heart-warming story, like they have these past 15 years. But now, in honor of the theater's 50th anniversary season, the production has redesigned costumes, more special effects, and new lighting.
The holiday cheer is much needed. The multiple award-winning Hartford Stage, like its counterparts nationwide, has struggled through the tough economy.
Originally published on Thu December 26, 2013 6:07 pm
As the U.S. economy continues to recover, it has been getting some help from an unexpected place. After decades of massive job losses, manufacturing firms have been steadily creating jobs — many of them well-paying. One particularly bright spot is a new generation of high-tech manufacturers.
Just as last week's figures may been distorted by temporary factors related to the holiday season that made things look worse than they really are, the word Thursday that there's been a sharp drop in claims for unemployment insurance needs to be accompanied by the same sort of caveat.