Millions of dollars from outside groups are flowing into Connecticut's tight race for governor despite a widely heralded, publicly-funded campaign financing system that's intended to stem the flow of outside money.
While more people are saving, a startling number of people have no pensions or savings as they head toward retirement years. If you are lucky enough to have investments, the key question for our show is, how do we protect and grow our assets at the same time? Too conservative means you miss the gains; too risky means you can lose a bundle if the market sinks, and never make it up if retirement is near.
Originally published on Wed September 10, 2014 3:29 pm
Ian Glomski thought he was going to make a difference in the fight to protect people from deadly anthrax germs. He had done everything right — attended one top university, landed an assistant professorship at another.
But Glomski ran head-on into an unpleasant reality: These days, the scramble for money to conduct research has become stultifying.
It’s been years since the housing market crashed. But in that time, increased job insecurity and the rising cost of living have left many questioning whether the American dream of homeownership is still a practical one, especially for the nation’s low- and middle-wage earners.
As a new academic year gets underway, Connecticut’s charter schools face stronger scrutiny by the State Department of Education. New oversight policies will require charter schools to begin to operate more like traditional public schools.
Originally published on Thu August 28, 2014 11:21 am
The FBI says it's working with the Secret Service to investigate reports that Russian hackers breached security at JPMorgan Chase and other financial institutions, stealing customers' account information in possible retaliation for U.S. government sanctions on Moscow.
"We are working with the United States Secret Service to determine the scope of recently reported cyberattacks against several American financial institutions," FBI spokesman Joshua Campbell said in a statement late Wednesday.
Originally published on Tue August 26, 2014 11:47 am
The financial crisis pushed millions of Americans from their homes. And housing advocates complain that the government did more to prop up big banks on Wall Street than it did to help average people on Main Street.
But many of those people on Main Street could still qualify for a government program to help them save money by refinancing their mortgages.
Originally published on Thu August 21, 2014 3:33 pm
Bank of America Corp. has agreed to pay nearly $17 billion in a settlement with federal regulators over allegations that it misled investors into buying risky, mortgage-backed securities in the run-up to the 2008 financial meltdown.
The Department of Justice, which announced the $16.65 billion deal today, describes it as "the largest civil settlement with a single entity in history."
Originally published on Wed August 6, 2014 4:40 pm
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 sales tax holiday was included in a comprehensive economic development bill that contains dozens of programs and incentives designed to create jobs. State Senator Gale Candaras of Wilbraham, who helped write the bill, acknowledges there is scant evidence the sales tax holiday does much to grow the Massachusetts economy.
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.