The only statewide candidate who is participating in a pilot public campaign finance program in New York says it’s been slow going, but Republican candidate for comptroller Bob Antonacci expects to collect enough individual donors to qualify for the state matching funds.
Originally published on Mon August 4, 2014 12:26 pm
Shoppers in Massachusetts can look forward to a sales tax holiday later this month. The Massachusetts legislature in the closing minutes of the legislative session last week set the sales tax-free shopping days for August 16 and 17.
The Massachusetts Inspector General issued a scathing report Thursday on a former state university president’s use of school funds for personal purposes.
Inspector General Glenn Cunha said former Westfield State University President Evan Dobelle knowingly and willingly violated school policy by spending lavishly for six years on trips and entertainment for himself, his family and friends. Cunha called Dobelle’s behavior “outrageous”
As federal investigators continue their probe of a troubled Hartford charter school group, agents are now seeking to obtain all department correspondence, including Commissioner Stefan Pryor's emails that relate to FUSE, Jumoke, Michael Sharpe or Hartford's Milner School.
Some people say that bachelor’s degrees are the new high school diplomas; they are becoming more and more necessary for job seekers to be competitive in the job market. But as the cost of higher education rises, students who attend college are now saddled with decades worth of debt in loans.
SunTrust has agreed to pay $968 million as part of a settlement with the government over charges that it failed to comply with standards required for federally backed mortgages.
The settlement between SunTrust Mortgage and the Justice Department and other agencies includes money for homeowners and a requirement that the company improve its procedures for mortgage loans and foreclosures.
Today on The Nose, we begin with an essay, "Faking Cultural Literacy." Writer Karl Taro Greenfeld said, "It's never been so easy to pretend to know so much, without actually knowing anything." We pick topical, relevant bits from Facebook, Twitter, or emailed news alerts, and then regurgitate them.
The New York Timeshighlighted new data yesterday that once again beats the drum: Despite skyrocketing costs, a college degree is a good investment. In fact, MIT economist David Autor writes in the journal Science that the value of a degree is rising. College grads made almost twice as much per hour in 2013 as workers without a four-year degree. And the lifetime value of a diploma is now around a half-million dollars, even after you factor in tuition.
Foxwoods Resort Casino has announced plans to close parts of one of its casinos on weekdays, and lay off employees. This is the latest bid to brings costs under control as its gaming receipts continue to drop.
Hartford has the highest rate of underwater mortgages in the country, according to a new report that says communities of color are most likely to owe more on their mortgages than their homes are worth. But the city administration disputes the data on which the study is based.
The state Senate approved a $19 billion annual budget over the weekend. It postpones three tax breaks for shoppers and retired teachers as the state's surplus dissolves in the state’s sluggish economy. Democrats rallied around the package that provides funding for public education, housing, after-school programs, social service needs, and transportation infrastructure. The budget now awaits Governor Dannel Malloy's signature.
Originally published on Thu April 24, 2014 1:30 pm
Yesterday, the Doris Duke Charitable Foundation announced the recipients of its 2014 Performing Artist Awards, including 13 jazz and improvising musicians, who will receive at least $1.7 million in unrestricted grants in total.
The electronic lottery game keno could come to Connecticut after all. Keno surfaced at the very end of last year's legislative session as a way to balance the new two year budget. But earlier this year, when a $500 million surplus was announced, lawmakers distanced themselves from the bingo-like game, and a bill to repeal keno seemed like a done deal.
Originally published on Tue April 22, 2014 10:11 am
Netflix, buoyed by its foray into original productions such as the political drama House of Cards, said Monday it has added 2.25 million new customers and plans to raise its new-subscriptions rate by $1 or $2 a month.
The video streaming service reported first quarter earnings of $53 million, or 86 cents a share. Its share price surged by 6 percent following the announcement of earnings that compared with $2.7 million in the same period a year ago.
A Connecticut construction company will pay $2.4 million in fines for alleged fraud tied to a 2007 road project. The settlement is being hailed as one of the most important decisions in decades for minority business owners.