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.
Generosity Unbound: How American Philanthropy Can Strengthen the Economy and Expand the Middle Class
In Generosity Unbound, Claire Gaudiani mounts a spirited defense of philanthropic freedom addressed to conservatives, liberals and centrists. She acknowledges the good intentions of those who favor greater regulation of private philanthropy, but powerfully demonstrates the dangers of this approach.
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.
Earlier this month Attorney General George Jepson signed off on the merger between The Hospital of Saint Raphael and Yale-New Haven Hospital. The merger between the two elm city hospitals was proposed last fall, as the Hospital of Saint Raphael faces a multi-million dollar shortfall, and Yale-New Haven is looking for more hospital beds. Here to talk about the merger is the President and CEO of the Hospital of Saint Raphael Christopher O'Connor.
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.
With everything else going on at the Capitol, it’s good someone is paying attention to the budget.
That someone is The Connecticut Mirror’s Keith Phaneuf. Our budgetary Obi Wan Kenobi stops by to give us an update on the fiscal health of the state - along with news on the “hot button” issues like minimum wage and Sunday liquor sales.
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.
Last year the state legislature and Governor Dannel Malloy approved a controversial land swap deal in Haddam. Now, the developer who initiated the swap has now withdrawn from the deal.
Riverhouse Properties offered 87 acres of forest land in the Higganum section of Haddam in exchange for 17 acres of state owned open space along the Connecticut River. After years of resistance from environmentalists and town officials, the state okayed the land swap deal during the 2011 legislative session.
Governor Malloy signed a bill today that caps the gross receipts tax on the wholesale price of gasoline. The law will give drivers a small break at the pump.
The legislation was unanimously approved last week by the General Assembly. The governor waited until today to sign the bill to give Connecticut businesses affected by the law time to adjust their computer systems.
The law caps the gross receipts tax at $3 per gallon wholesale. Currently the wholesale price is about $3.20 per gallon, which means a savings at the pump of a little over a penny.
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.
The University of Connecticut announced yesterday that it’s raising tuition starting in 2013. Yearly increases thru 2016 will be 6 percent, 6.3 percent, 6.5 percent and 6.8 percent...nearly doubling the cost of attending UConn in less than 12 years. Tuition and fees for an in-state student is currently $10,670. Under this plan, it could grow to $13,130 by 2016.
The Connecticut Mirror's Mark Pazniokas looked at how Governor Dannell Malloy is taking a broad look at new ways to bring more gambling revenue into state coffers. Mark Pazniokas joins us now by phone.
From Pazniokas' story:
With competition rising on all sides, Gov. Dannel P. Malloy says he is working with the Mashantucket Pequots and Mohegans to stabilize their market share -- and Connecticut's 25 percent cut of the gross profits from their slot machines.
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.
Americans are far less healthy than their European counterparts as they enter old age. But if we make it there, our chance of survival gets better.
So, why is this? Well, one big reason is the enormous amount of money we’re pumping into end-of-life care. By 67 - the time many of us are retired - the US is spending two and a half times more than other Western Countries.
And, what’s known as “end of life” care accounted for more than a quarter of Medicare spending last year....sometimes on aggressive care that the patient doesn’t even want.