finance

Retirement
3:28 am
Mon March 31, 2014

When Planning For The Future, Women Have Been Hands Off

In Blue Jasmine, Cate Blanchett plays a wealthy New York socialite who has it all, loses it all and ends up delusional on a park bench.
Perdido Productions

Originally published on Mon March 31, 2014 12:46 pm

It's a truism in the financial industry that women need to get more out of their money than men since they live longer and make less, especially if they take time out to care for children or aging parents. But it's also a given that they lack confidence when it comes to investing, something that's clear on a recent evening at the Women's Center in Vienna, Va.

Read more
Connecticut First
5:34 pm
Fri March 28, 2014

Malloy Will Run for Re-Election; Police Campaign Targets Distracted Drivers

Governor Dannel Malloy is running for a second term as governor. He made the announcement in Hartford today. Lt. Gov. Nancy Wyman will also be running for re-election. Malloy said because of the need to begin the process of setting up the infrastructure for fundraising in order to qualify for public financing, he and Wyman couldn't wait until the end of the legislative session in May to get started.

Read more
Gender
9:14 am
Fri March 28, 2014

IMF's Lagarde: Women In Workforce Key To Healthy Economies

International Monetary Fund Managing Director Christine Lagarde in Brussels earlier this year. Lagarde says women are underutilized in the global economy.
Geert Vanden Wijngaert AP

Originally published on Mon March 31, 2014 12:12 pm

As the first woman to lead the International Monetary Fund, Christine Lagarde is among an elite group of people determining how money is saved, spent and invested worldwide.

It's not the first time she's been a "first." Lagarde was France's first female finance minister, and before that, the first woman to chair the global law firm Baker & McKenzie.

Read more
Politics
6:15 am
Wed March 26, 2014

Say Goodbye To The Taxpayer-Funded Political Convention

Originally published on Wed March 26, 2014 3:15 am

Ever since the Watergate era, taxpayers have been able to check a box on their federal tax returns and designate a little bit of their tax payment to help finance the presidential campaigns and wean politicians away from big donors.

The public financing program has had its ups and downs. But now President Obama is prepared to sign legislation that, for the first time, takes taxpayer money out of the fund.

First of all, let's pause to reflect on some of the great moments of American political conventions brought to you by presidential matching funds.

Read more
Social Media
7:40 pm
Tue March 25, 2014

Facebook Will Acquire Virtual Reality Company For $2 Billion

The Oculus Rift virtual reality goggles make for an immersive experience.
Nan Palmero Flickr

Originally published on Tue March 25, 2014 8:27 pm

Facebook announced a pretty big purchase on Tuesday: The social media giant said it was acquiring Oculus VR, a company that makes virtual reality goggles, for $2 billion.

The deal includes $400 million in cash and 23.1 million shares of Facebook, which the company values at $1.6 billion.

Read more
Economic Forecast
6:09 am
Mon March 24, 2014

After Winter's Chill, Economists Predict A Warming Trend

A cold, snowy winter in most of the country hurt economic growth, but forecasters see conditions improving for the rest of the year.
iStockphoto.com

Originally published on Mon March 24, 2014 12:09 am

Somewhere under all of that melting snow, there's a warming economy.

"Adverse weather conditions" have hurt economic growth so far this year, but things are headed in the right direction now, according to a forecast released Monday by the National Association for Business Economics.

"Conditions in a variety of areas — including labor, consumer and housing markets — are expected to improve over the next two years, while inflation remains tame," Jack Kleinhenz, NABE president and chief economist for the National Retail Federation, said in a statement.

Read more
Technology
5:57 pm
Sat March 22, 2014

Need Money For Your Startup? Being An Attractive Male May Help

Men are more likely to get venture capitalist support than women, and a new study found that attractive males get even more points — from both genders.
iStockphoto

Originally published on Sat March 22, 2014 8:47 pm

Google. Twitter. Facebook. Back before they got big, companies like these were just startup ideas, born in dorm rooms and run out of garages. Then came the venture capitalists: rich, older men ready to fund the brilliant ideas of younger, creative men.

But what if you are a woman with a startup idea? A new study says you might not do so well. It's been well-documented that businesses started by women receive very little venture capital money.

Read more
Budget Time
3:53 pm
Wed March 19, 2014

Connecticut Cities and Towns Make Their Case for Funding

Legislators listen to municipal leaders on Wednesday.
Credit Jeff Cohen / WNPR

Municipal leaders from across the state came to the capitol Wednesday to speak to legislators about their budget concerns. 

Read more
Higher Education
1:44 pm
Wed March 19, 2014

How The Cost Of College Went From Affordable To Sky-High

World War II veterans and other students at the University of Iowa in 1947. That year, due to federal assistance from the GI Bill, 60 percent of the school's enrollment was made up of veterans.
Margaret Bourke-White Time Life Pictures/Getty Images

Originally published on Tue March 18, 2014 1:59 pm

If you want to get an earful about paying for college, listen to parents from states where tuition and fees have skyrocketed in the last five years. In Arizona, for example, parents have seen a 77 percent increase in costs. In Georgia, it's 75 percent, and in Washington state, 70 percent.

Read more
Bioscience Connecticut
10:49 am
Tue March 18, 2014

Jackson Labs "On Schedule and On Budget"

The Jackson Laboratory for Genomic Medicine will open in the fall of 2014.
Credit The Jackson Laboratory

Connecticut officials have welcomed a report on the progress of the Jackson Laboratory site in Farmington. Jackson Labs said its new facility is on schedule and on budget.

Read more
Budget Bills
10:45 am
Thu March 13, 2014

Barnes: Proposed State Tax Rebate Will Generate 1,000 Jobs

Benjamin Barnes before the Finance, Revenue and Bonding Committee.
Credit CT-N

Governor Dannel Malloy's proposal to give Connecticut taxpayers a modest rebate was up for discussion before the General Assembly's tax-writing committee on Thursday. Budget chief Benjamin Barnes said it could be a job generator in the state.

Read more
Aging Connecticut
10:16 am
Thu March 13, 2014

State-Sponsored Retirement Plan Attracts Supporters, Critics

Credit StockMonkeys.com on Flickr Creative Commons

Legislators want to create a state-sponsored retirement plan for private sector workers in Connecticut. A bill before lawmakers would task the state treasurer with administering a low-cost plan that residents could pay into. 

Read more
Home Sales
9:58 am
Thu March 13, 2014

Connecticut Housing Market Posts Best Year Since 2005

Governor Dannel Malloy and his wife Cathy were one of the families to place their home on the market in 2013.
Credit CMLS

Connecticut's housing market continued to improve in January, and market-watchers said it's possible the state could see big gains in the spring selling season.

The state also saw distinct improvement in its housing market activity for the full year of 2013, with sales up six percent and prices rising 8.3 percent over the year. The numbers come from the Warren Group, a real estate data firm, and it marks the best full year results for the Connecticut market since 2005, before the market crash.

Read more
Wealth
10:02 am
Fri March 7, 2014

There Are Over 1,000 Billionaires Worldwide -- and Connecticut Has 13 of Them

Credit hynci/iStock / Thinkstock

Thirteen Connecticut residents appear on this year's list of the nation's billionaires, compiled by Forbes Magazine. The list, released annually, includes 1,645 billionaires worldwide. 

Read more
Unfunded Liabilities
12:15 pm
Tue March 4, 2014

Connecticut Wrestles With "Financial Tapeworm"

Credit Simon Cunningham / Creative Commons

Warren Buffett has added his voice to the growing chorus of concern over public pension obligations. In his annual letter to shareholders, the legendary investing guru calls underfunded public pension plans a "gigantic financial tapeworm."

Buffett said he anticipates lots of bad news in the coming decade about public pensions, and he stresses the need for prompt remedial action where problems exist.

Read more
Where We Live
9:00 am
Mon March 3, 2014

How is Connecticut's Fiscal Health?

Donald Boyd, Keith Phaneuf, Spencer Cain, and Benjamin Barnes at the MetroHartford Alliance panel discussion, "Fiscal Sustainability: Critical to Connecticut's Growth."
Credit MetroHartford Alliance

Connecticut’s state budget faces a series of problems that have been building for some time. It’s why the Office of Fiscal Analysis shows looming budget deficits in the next two fiscal years.

But we’re not alone. A study of several states shows some of the same trends: Medicaid costs growing faster than states can raise money, which means less funding for education; the federal government cutting aid to states in an effort to cut their own deficits; reliance on volatile tax structures and massive underfunding of public pensions.

Read more
Economic Development
10:06 am
Wed February 19, 2014

DECD Chief Defends Underwriting of Business Assistance Loans

Catherine Smith.
Credit Chion Wolf / WNPR

The Commissioner of Economic and Community Development has defended her department's record on business assistance loans. Catherine Smith gave evidence before the Commerce Committee, saying 1,114 companies have been helped through DECD programs like Small Business Express.

Read more
Philanthropy
1:20 pm
Mon February 10, 2014

New Canaan Couple Among 50 Most Generous Donors of 2013

Theodore and Vada Stanley of New Canaan. Mrs Stanley passed away in July 2013
Credit The Chronicle of Philanthropy / Johns Hopkins University

A New Canaan couple is among a list of the 50 most generous donors in 2013. Theodore and Vada Stanley were number 18 on The Chronicle of Philanthropy’s annual list. They gave $143 million to medical research and to a family foundation. 

Read more
Free Education
8:30 am
Mon February 10, 2014

Tennessee Weighs The Cost Of A Free College Education

Tennessee Gov. Bill Haslam delivers his State of the State address to a joint session of the General Assembly on Monday in Nashville, Tenn. In the speech, he proposed spending the state's lottery money on free community college education for those in need.
Mark Zaleski AP

Originally published on Tue February 11, 2014 11:45 am

Pretty soon, going to community college in Tennessee may become absolutely free. Republican Gov. Bill Haslam unveiled the proposal in his annual State of the State address this week.

Haslam is trying to lift Tennessee's ranking as one of the least-educated states. Less than a third of residents have even a two-year degree. But a community college free-for-all has been tried elsewhere, though not sustained, and there's always a nagging question.

"So I know you're wondering," Haslam said. "How do we pay for this?"

Read more
The Faith Middleton Show
1:33 pm
Tue February 4, 2014

Protecting and Growing Your Money

Credit _J_D_R_/flickr creative commons

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.

Read more
Higher Education
9:13 am
Tue February 4, 2014

New Haven Promise Reaches Out to Younger Children in Effort to Build a College-Going Culture

Student Arianna Taft with Patricia Melton, executive director of New Haven Promise.
Credit Diane Orson / WNPR

A recently-released report by the U.S. Government Accountability Office found that as college tuition costs soared between 2007 and 2012, demand for federal student loans increased more than 300 percent.

Read more
Connecticut First
6:01 pm
Wed January 29, 2014

Sex Trafficking Forum Strengthens Partnerships; Textbook Costs Examined

The Connecticut Department of Children and Families held a full-day forum on Wednesday about domestic minor sex trafficking. The aim was to raise awareness of the issue and to strengthen partnerships across the state to combat the victimization of children. Keynote speaker Audrey Morrissey shared her experience as a survivor of the commercial sex industry, and discussed her work teaching young girls how to avoid her fate.

Read more
College Textbooks
8:48 am
Wed January 29, 2014

A New Study Looks at the High Cost of College Textbooks

Credit Jupiterimages/Stockbyte / Thinkstock

The price of college textbooks has increased 82 percent over the past decade, according to a new study that looks at alternatives to the traditional college textbook.

Read more
Saving for a Rainy Day
12:52 pm
Tue January 28, 2014

Connecticut's Reserve Fund is Among the Lowest in the U.S., But Why?

It's taken a long time for states to get back to where they were before the last recession hit.
c-George/iStock Thinkstock

Last year, The Pew Charitable Trusts studied fiscal data from the 50 states to see how each could survive on its respective reserve fund. The results were diverse, depending largely on each state’s population and resources.

For Connecticut, the study’s outcome did not look promising. New England’s Constitution State was found to have one of the lowest-ranking reserve funds in the nation. Alaska, on the other hand, came out on top. But why?

Read more
Where We Live
9:00 am
Tue January 28, 2014

In Rebuilding Reserve Funds, Where Does Connecticut Stand?

Before the last recession, Connecticut's rainy day fund was substantial, but it's depleted in recent years.
Credit The Pew Charitable Trusts

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.

Read more
Hartford Insurance Investigation
9:24 am
Thu January 23, 2014

Troubled Insurance Broker O'Garro Due in Court

Earl O'Garro.
Credit Mike Priggins and Kyle Reyes / http://under30ceo.com

Earl O'Garro, the embattled insurance broker who is at the heart of a federal criminal probe, is due in state court Thursday on charges that he failed to pay his workers.

Read more
School Funding
3:49 pm
Tue January 21, 2014

Landmark Lawsuit Moves Forward That May Affect Public Education Funding

Credit Gloda/iStock / Thinkstock

A Hartford Superior Court judge has denied a request by the state to delay the start of a landmark education lawsuit that challenges the way Connecticut funds its public schools. The attorney general’s office had filed motions aimed at postponing the start of the trial until October 2015. Now, the case is set to begin later this year. 

Read more
Higher Education
1:44 pm
Wed January 15, 2014

Undocumented College Students Need Financial Aid, Too

Credit zimmytws/iStock / Thinkstock

It's been two years since the in-state tuition law went into effect. It benefits students without legal status who have graduated from a Connecticut high school. The young people who fought for the in-state tuition law for undocumented students are launching a new campaign. Their new goal is to help these students access financial aid.  

Read more
Economic Development
3:29 pm
Mon January 13, 2014

Total Mortgage Gets State Funding, Pledges New Jobs

John Walsh, president and CEO of Total Mortgage Services.
Credit CT-N

Total Mortgage Services has announced a deal with the state of Connecticut to expand its headquarters in Milford. The company said it will create 140 new jobs in the town, doubling its Connecticut workforce over five years.

Read more
Connecticut First News
7:03 pm
Thu January 9, 2014

State Bond Commission Hears Aid Requests; Flu Cases Widespread

Gov. Dannel Malloy with members of the State Bond Commission on Thursday.
Credit WNPR/CPTV

The State Bond Commission, along with Governor Dannel Malloy, held a meeting on Thursday. One of the items was a request from the Department of Social Services for just under $6 million to provide grants-in-aid to eight social service providers. An additional request was made for $3 million toward grants-in-aid to non-profits in Stamford, Pomfret, and Branford. 

Read more

Pages