finance

Where We Live
2:01 pm
Tue September 3, 2013

The Student Loan Crisis and the High Cost of College

Student loan debt is topping $1.2 trillion dollars and 13% of students defaulting on their loans.
Credit DonkeyHotey on Flickr Creative Common

In August, President Obama signed a bill preventing the doubling of interest rates on federal student loans for those entering college this year. Students borrowing the maximum amount this year will save about $4,600 in extra interest...but it’s a temporary fix.

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News
1:03 pm
Thu August 22, 2013

President Unveils Plan To Boost College Affordability

President Obama speaks on education at University at Buffalo, State University of New York, on Thursday.
Jewel Samad AFP/Getty Images

Originally published on Thu August 22, 2013 7:25 pm

Saying a college education is the "surest path to the middle class," President Obama announced a plan Thursday to allocate federal aid to colleges and universities based in part on their affordability.

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Cons
4:41 pm
Mon August 19, 2013

How a Few Barbershop Clippings Conned America Out of Millions

Con man Philip Musica.

While you probably never give a second thought to the clippings scattered about when you get a haircut, Philip Musica turned this trash into cash. Millions of dollars of cash. 

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The Colin McEnroe Show
2:53 pm
Mon August 19, 2013

Before Bernie Madoff, Philip Musica Conned (and Captivated) a Nation

http://www.thehallofinfamy.org/

We're fascinated by Bernie Madoff and Frank Abagnale, larger than life con men who somehow got perfectly sane and intelligent people to trust them when there was ample reason not to.

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Nickel and Diming
1:23 pm
Wed August 14, 2013

Anyone Remember the Bottle Bill?

The state Supreme Court has overturned a $6 million award to beer and soda distributors who sued the state.

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News
6:03 am
Thu August 8, 2013

Government Shutdown? Odds Are Uncomfortably High

Protesters urging a government shutdown and spending cuts demonstrate in front of the U.S. Capitol in 2011.
Jewel Samad AFP/Getty Images

It's going to be another ugly fall in Washington.

The federal government runs out of money on Oct. 1, unless spending authority is granted to agencies for the new fiscal year. If Congress can't pass its spending bills by then, most of the government will shut down.

It's no empty threat. Many who watch the budget process closely think there's a very good chance that's exactly what's going to happen.

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Here & Now
2:49 pm
Tue July 30, 2013

Obama Proposes Cuts In Corporate Tax Rates

Originally published on Tue July 30, 2013 3:44 pm

U.S. home prices continue to surge. The Standard & Poor’s/Case-Shiller index out today shows a 12 percent increase in May compared to a year ago.

Low interest rates and an improving job market are boosting demand for homes and driving prices up.

President Obama is out with a plan that he says will improve the job market even more. The president is touring an Amazon distribution center in Chattanooga, Tenn. to announce a so-called “grand bargain” to overhaul the corporate tax system.

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News
4:28 pm
Fri July 26, 2013

Hedge Fund Pleads Not Guilty To Fraud Charges

General Council for SAC Capital Advisors LP, Peter Nussbaum exits Manhattan federal court, Friday, July 26, 2013, in New York. (Louis Lanzano/AP)

Prosecutors said a large volume of evidence including electronic messages, court-ordered wiretaps and consensual recordings is stacked against a Connecticut-based hedge fund that pleaded not guilty Friday to criminal charges accusing it of letting insider trading flourish for more than a decade.

Assistant U.S. Attorney Antonia Apps told a federal judge in Manhattan that investigators had “voluminous” evidence against SAC Capital Advisors, a Stamford, Conn.-based firm owned by billionaire Steven A. Cohen.

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Here & Now
11:56 am
Tue July 23, 2013

What Detroit Can Learn From Other Cities

Michigan Gov. Rick Snyder, right, and state-appointed emergency manager Kevyn Orr leave a news conference in Detroit after addressing the city's bankruptcy, July 19, 2013. (Carlos Osorio/AP)

Originally published on Mon July 22, 2013 6:40 pm

As officials in Detroit move forward with the city’s bankruptcy filing, what can they learn from other cities across the country that have gone down this path?

Harrisburg, Pennsylvania, filed for bankruptcy in October of 2011. There’s also San Bernadino, California; Jefferson County, Alabama; and Central Falls, Rhode Island, among others.

David Shepardson, Washington bureau chief for The Detroit News, joins us to explain how other cities have handled tough issues such as whether pensions will be paid.

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2:46 pm
Wed July 17, 2013

Incumbent Esty Takes Big Fundraising Lead

Lead in text: 
The freshman Congresswoman is getting big money from outside the state, building up an early lead over challenger Mark Greenberg.
Freshman U.S. Rep. Elizabeth Esty raised more than a quarter million dollars in the second quarter of 2013, bringing the 5th District Democrat's total campaign balance to nearly $400,000, according to her latest filing with the Federal Election Commission.
Financing Higher Education
6:19 am
Sun July 14, 2013

Three Connecticut Colleges Among The Nation's Most Expensive

The U.S. Department of Education has issued new data on the cost of college in America. Three Connecticut colleges rank among  the nation’s most expensive. 

Trinity College’s tuition is  5th highest in the nation for private, not-for-profit 4-year colleges. The sticker price at Trinity is $44,070 dollars.  Connecticut College ranks 7th .  Wesleyan University comes in a close 8th. 

The data can be found on the USDE’s website called College Scorecard, which offers students and families a variety of ways to compare the cost of college.

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Student Loans
2:42 pm
Fri June 28, 2013

Student Loan Interest Rates Set to Double on July 1

With a July 1 deadline looming, it seems unlikely that Congress will be able to stop interest rates on new federal student loans from doubling.  But there may be time to address the situation before classes begin next fall.

About 7 ½ million students nationwide pay for a portion of their college tuition through subsidized Stafford Student loans. Right now, interest rates will go from 3.4% to 6.8% on July 1st.

"There is a window of opportunity for Congress to still act."

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The Faith Middleton Show
1:55 pm
Mon June 24, 2013

Artist Vebjørn Sand, Fincancial Expert Jody King, and Wannabees

Todd Huffman Creative Commons

The backyard beekeepers now include a group of kids in Connecticut. An artist paints gorgeous, impressionistic scenes of World War II, including secret Nazi meetings that took place. There's lots of buzz about his work at the Sand Gallery in New York. And there's lots of buzz about the Connecticut Wannabess—kids into beekeeping and honey. And, if you're wondering about creating a trust and estate planning, we have a CPA who explains how it works and how you can avoid a probate mess.

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The Faith Middleton Show
1:55 pm
Mon June 24, 2013

Artist Vebjørn Sand, Fincancial Expert Jody King, and Wannabees

Todd Huffman/flickr creative commons

The backyard beekeepers now include a group of kids in Connecticut. An artist paints gorgeous, impressionistic scenes of World War II, including secret Nazi meetings that took place. There's lots of buzz about his work at the Sand Gallery in New York. And there's lots of buzz about the Connecticut Wannabess—kids into beekeeping and honey. And, if you're wondering about creating a trust and estate planning, we have a CPA who explains how it works and how you can avoid a probate mess.

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Agriculture
8:42 am
Mon June 24, 2013

Connecticut Farmers to Receive State Assistance

Melanie McCue (Flickr Creative Commons)

Connecticut is offering $5 million in emergency assistance for farmers who have been hurt by severe weather.

Governor Dannel Malloy announced yesterday that the assistance may be used to repair damaged property, replant lost crops, purchase feed, apply fertilizer and perform activities needed for recovery.

Agriculture Commissioner Steven Reviczky says the rough winter in early 2011, Hurricane Irene, the October snow storm, Superstorm Sandy, this year's blizzard, and recent rain have taken a toll on farmers.

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Stamford
4:32 pm
Thu June 20, 2013

Stamford Residents Protest Bridgewater Project

Dru Nadler

Governor Dannel Malloy is going forward with plans to move Bridgewater Associates to Stamford. But some local residents have been working hard to delay that project. They expressed their opposition in a public hearing in Stamford this week.

Governor Malloy’s plan is to give the hedge fund Bridgewater more than $100 million in tax breaks to move from its current location in Westport to Stamford.

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Conservation Fund
11:20 am
Wed June 12, 2013

Lawmakers Tap Energy Funds to Balance Budget

Energy Tomorrow, Flickr Creative Commons

Environmentalists are giving state legislators a mixed report card for the session that's just ended. They're happy with parts of the state's new energy policy. But a raid on clean energy funds is causing major concern.

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News
11:55 pm
Thu May 23, 2013

Exporters Shift Focus

Sujata Srinivasan

The great recession drove many companies to look for sales overseas. A new survey of Connecticut companies shows that half of those responding said exports helped them weather the downturn. Now, domestic markets are looking up, but those firms still want to diversify across the world. 

 

 

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Health Insurance
1:30 pm
Mon May 20, 2013

Is Connecticut in for "Rate Shock?"

Commercial insurers are very close to revealing the rates they’ll charge for healthcare plans under the new Connecticut healthcare exchange. It’s been a long, uncertain road to get here.

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Hartford
10:37 pm
Thu May 9, 2013

Caviar Takes its Toll

Hartford Mayor Pedro Segarra has made headlines recently for questionable city spending -- like dining on caviar at taxpayer expense. Now, it looks as though the city council is taking concrete action to push back. It's likely the council will reject Segarra's appointment for the city's chief operating officer.

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Luxury
2:18 pm
Mon May 6, 2013

Hartford Taxpayers Pay For Caviar, Rack of Lamb For Mayor And Friends

When someone issues a controversial audit at 5:02 p.m. on a Friday, it's kind of sign that they don't want you to read it. That's what happened last week, when the city of  Hartford released its internal audit of its credit cards.  

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News
11:48 am
Mon April 29, 2013

Environmental Advocates: Let's Start Preparing For the Next Sandy

As the region continues to recover in the aftermath of Superstorm Sandy, environmental advocates are pushing for rebuilding in a smarter way to protect against future storms. As WNPR’s Neena Satija reports, they gathered last week in a summit to discuss the future of Long Island Sound.

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Taxpayer Dime
11:41 am
Mon April 29, 2013

Opposition Grows to Bridgewater Project in Stamford

Controversy is heating up over a plan by the hedge fund Bridgewater Associates to move from Westport to Stamford - with the help of taxpayer dollars. But Stamford officials are under increasing pressure to get it done.

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The Colin McEnroe Show
12:49 pm
Thu April 11, 2013

How Could College Sports Be Reformed?

Flickr Creative Commons, Murray State

Don't get me wrong. I like watching college sports, but I wonder what it is we're watching. 

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The Coast is Clear... And A Money Maker
12:31 pm
Thu March 28, 2013

CT's Coastline Generates Billions for the Economy

Harriet Jones

A new study says Connecticut’s coastline is worth at least $7 billion to the state’s economy. WNPR’s Harriet Jones reports.

 

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Playing Games With People's Lives?
10:30 am
Thu March 21, 2013

A Thousand Sub Base Workers Face Pay Cuts

Sequestration is already here, but most of us have yet to notice any effects. That’s not true for hundreds of people in Connecticut who work for the Department of Defense in civilian jobs. Right now they are figuring out ways to manage financially when their paychecks take a dive next month. WNPR’s Harriet Jones spoke to some of them.

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War Means Money
8:55 am
Tue March 19, 2013

Iraq and Connecticut's Defense Industry

Sikorsky Aircraft

The war in Iraq has had a profound effect on Connecticut’s economy in the last decade. As WNPR’s Harriet Jones reports, it has vastly increased the importance of the defense industry.

 

Connecticut has always had a strong reliance on the Department of Defense, but Pentagon spending here acquired a new importance in recent years.

 

“You’ve seen about a threefold increase since  2003. That’s an enormous number and it’s an enormous part of our state’s GDP.”

 

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The Faith Middleton Show
2:29 pm
Wed March 6, 2013

Financial Analyst Bob Kreitler and Artist Myrna Burks

Ken Teegardin/flickr creative commons

Financial analyst Robert Kreitler is back to tell us about his tricks for protecting portfolios—he monitors the world to decide what issues could threaten our financial lives. And a talk with talented artist Myrna Burks: How does an artist work with spontaneity—her own and Faith's?

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Where We Live
12:03 pm
Mon March 4, 2013

Decoding Sequestration

Borman 818, creative commons

So, let’s say Where We Live was like the federal budget, and because of some self-imposed deadline, our show was subject to a “sequester” -  A cut of 2.3%. 

Well, you’d lose about 1 and a quarter minutes off the show. Doesn’t seem too bad, right?  But what if it was completely arbitrary - cutting the first minute that explains what we’re talking about, or the precise moment our guest Bill Curry says something that might change your world.  Doesn’t sound the the best way to trim things, huh?

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Financing Higher Education
10:36 am
Mon February 18, 2013

A Look At The Cost Of College

As families struggle to keep up with skyrocketing higher education costs, the Obama Administration has unveiled a new website, which shows what most families end up paying for college: school-by-school.  

In his State of the Union address, President Obama announced the release of the new College Scorecard, "... that parents and students can use to compare schools based on a simple criteria – where you can get the most bang for your educational buck."

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