Microfinance – or small-scale loans – has rapidly grown into an international business that connects investors with impoverished borrowers around the world. Currently, microfinance institutions (MFIs) operate in over 100 countries and fund more than 92 million borrowers, according to the Microfinance Information Exchange. For-profit firms like Stamford-based Developing World Markets (DWM) invest in MFIs in India, which in turn provide loans to poor entrepreneurs, primarily women.
U.S. Labor Secretary Hilda Solis was in Connecticut Friday, bringing a two-fold message to the state’s community colleges. She promoted the $12 million the administration has invested in new programs here, but as a prominent Latina, she also spoke about the importance of training the Latino workforce.
President Obama has made it part of his regular education speech that the best path to the middle-class is through a college education.
And the numbers bear it out. Getting a college degree brings higher earnings over a lifetime. Today, those with a bachelor’s degree earned 84% more money over a lifetime than those with a high school diploma.
I freely confess that today's show arose from my own sense of consumer exasperation. I don't buy many things, but occasionally one's cellphone breaks and one has no choice. I went to Verizon. The guy and I picked out a phone for me.
He quoted me a price of $200 plus a $50 mail-in rebate. With the feeble, ebbing strength of my dying old phone, I managed one final wheezing flickering internet browser. The MSRP for this new phone was 80 bucks. I pointed this out to my new friend.
There are widespread reports of the resurrection of the housing market. National data due out this week are expected to show a bump in sales of both existing and new homes. But for the small businesses supported by the industry, it’s been a long slow journey out of the deepest housing slump in a generation.
In 2011, Aetna spent more on lobbying than any other insurance company - 11.6 million dollars. 3.3 million went to the American Action Network, and 4.5 million went to the U.S. Chamber of Commerce - both organizations supporting conservative causes, both working against federal health care reform. Later, the company said this wasn’t “lobbying” money - it was “educational” - a big distinction in the world of money and politics.
Connecticut College has the highest tuition in the nation among private, not-for-profit four-year colleges, according to data from the U.S. Department of Education. But experts say sometimes statistics can be misleading.
The College Affordability and Transparency Center website is part of President Obama’s push to make the costs of higher education more transparent. Schools are ranked in several categories, including tuition sticker price, and net cost to families.
Unless Congress acts, interest rates on certain college loans are set to double this summer. WNPR looks at what that would mean for Connecticut students.
More than 84 thousand college and university students in Connecticut had subsidized Stafford student loans last year. Their interest rate was 3.4% thanks to the College Cost Reduction and Access Act which locked in a low rate for four years.
Get the latest on the economy, and protecting and growing your money. Tips from our financial analyst. Plus a look at the novel about a real life experiment, having college students raise babies from adoption centers. Learn how it changed the lives of the children and students.
A year ago, Dannel Malloy's job fell into the general categories of triage and emergency medicine. The state's finances were broken. He had to get the patient stabilized so the process of care could begin. This year, to extend the analogy, the patient is out of intensive care but not out of the woods.
The job we do here tends to breed a mild case of optimism, because we spend a lot of time talking about new ideas. If we spent a lot of time talking about the status quo, we'd be more pessimistic because so many basic institutions -- political, financial, medical and cultural -- all seem broken.
Governor Malloy’s “E-C-S Task Force” meets today. The panel will hear testimony from a researcher at Connecticut Voices for Children on how to improve state financing of local public schools.
The Education Cost Sharing, or ECS, grant is the single most important source of funding for education from the state to local towns. The amount that a town receives is determined by a complex formula, which most educators and legislators agree needs to be reformed. Earlier this year, Governor Malloy established a task force to look into the formula.
In Hartford, city officials have been wrestling with a possible ethical issue for months. The question was whether the city treasurer should be allowed to supervise his wife. Now, as WNPR's Jeff Cohen reports, city officials say an agreement is near.
In Hartford, the mayor and the city treasurer are working to resolve a staffing issue that both say could look like a conflict of interest. WNPR's Jeff Cohen reports.
The concern is the treasurer's office, where Adam Cloud was appointed treasurer earlier this year. But also in that department is his wife, Nicole Plessy-Cloud. She works as a supervisor.
In an outside legal opinion sought on the matter in January, attorneys said that the situation didn't violate the city's ethics code -- but that it could should Cloud make any decisions about his wife's pay or advancement.
WANTED: Point Guard. $70K/yr. Must work weekends. Student-athletes generate billions of revenue for universities and private companies while they earn nothing. Some who’ve been badly hurt don’t get the care and coverage they’d get with workers comp. Others see their scholarship canceled after a year and find themselves on the hook for expensive tuition if they want to go further. Others object the the use of their images on licensed products long after their scholarship expire. Atlantic and Taylor Branch tackled this in a feature last week.
There’s not much that Republicans and Democrats agree on in the current debt-ceiling standoff. But one thing that all sides accept is that the nation's legal borrowing cap has failed in its primary goal: limiting the nation's red ink. From Washington Deirdre Shesgreen of the Connecticut Mirror reports.
No one can anyone argue that the debt ceiling has served to rein in federal borrowing. The cap has been lifted at least 80 times and the U.S. government’s total debt stands at about $14.3 trillion.
Federal lawmakers spent the weekend working on ways to break the standstill in budget talks. While there is still hope that lawmakers can come up with a package of spending cuts and taxes, including President Obama's $4 trillion so called grand bargain, with an August 2 deadline quickly approaching, a simple raise of the debt limit, as proposed by Senate Minority Leader Mitch McConnell will be the more likely outcome.
Here to talk about reaction from Connecticut's congressional delegation is the Connecticut Mirror's Washington correspondent Deirdre Shesgreen.
Dozens of teenagers, the children of recent immigrants, turned out for a ceremonial bill signing with Governor Dannel Malloy today in New Haven. As WNPR’s Lucy Nalpathanchil reports, advocates for the in state tuition bill that became law July 1, say the moment was a long time coming.
The crowd of college hopefuls cheered Gov Malloy as he signed the bill inside the lobby of Wilbur Cross High School. Joining the young adults were immigrant advocates and congregational members who lobbied for the bill in their home communities across Fairfield and New Haven counties.
On Thursday, Governor Dannel Malloy will attend a ceremonial bill signing for a measure that will help illegal immigrant students.
The in state tuition law went into effect July 1, allowing undocumented students who enroll at a state university or community college to be eligible for the in-state tuition rate. As WNPR's Lucy Nalpathanchil reports, the schools are streamlining the admissions process so these students will be billed correctly.
On today's show...Financial advice, the upcoming Festival of Arts and ideas in New Haven, and from the Faith Middleton's satellite studio on The East End of Long Island, legendary publishing editor Jason Epstein.
Hedge Fund managers are America’s new economic elite...they weathered the storm of the financial collapse better than anyone, and have made the kind of money that’s hard to imagine. In fact, author Sebastian Mallaby calls it “More Money Than God.” He’s studied the history of hedge funds for this bestselling book that’s - now out in paperback.
He paints a picture of complicated men - who crave secrecy, exude eccentricity, and who have unlocked the mystery of how markets work, making billions in the process.