Personal Finance

Across Connecticut, abandoned sites are being built back up. It’s complicated and expensive work, but in recent years, the state has put millions of dollars towards breathing new life into the long-forgotten spaces of the industrial era.

KentWeakley/iStock / Thinkstock

The average worker in Connecticut cannot afford rent on a two-bedroom apartment, according to a new study by the National Low Income Housing Coalition. A renter must earn $24.29 an hour to afford a two-bedroom in Connecticut according to the NLIHC’s Out of Reach report.

LaDawna Howard / Creative Commons

Fifty years ago, President Lyndon Johnson waged a war on poverty  to rebuild America as a “Great Society” where “no child will go unfed, and no youngster will go unschooled.” 

Medicaid was enacted in 1965 as part of sweeping legislation to provide food, education, healthcare and jobs to millions in poverty.  Once a benefit for poor single parents and their kids, Medicaid now covers mental illness, disabilities, the elderly and most recently, millions of the previously uninsured through Obamacare.

Anthem, Cigna Finalize Rumored Merger

Jul 24, 2015

A definitive agreement is in place for Anthem to take over Bloomfield-based Cigna. The deal comes nearly a year into talks, and a month after an earlier attempt was rebuffed.

Health insurer Anthem has struck a deal to acquire rival Cigna for $48 billion — a buyout that would create the country's largest health insurer by enrollment.

The combined entity would have an estimated revenue of $115 billion and cover 53 million people in the U.S.

One of the nation’s most recognizable coffee chains, Dunkin’ Donuts, is expanding in the United States and abroad.

Dunkin’ Brands announced today that it opened 80 new Dunkin’ Donuts stores in the U.S. and 154 worldwide in the second quarter. The company is making a push into the coveted West Coast market, where the competition is brutal.

glegorly/iStock / Thinkstock

The Connecticut economy gained 600 jobs last month,  according  to a new analysis from the state Labor Department. Unemployment fell to its lowest level since July of 2008 : 5.7 percent.

Ethan M. Long / Creative Commons

State sales tax will be added to the parking fees at three shoreline parks this weekend at Sherwood Island State Park, Hammonasset Beach State Park, and Rocky Neck State Park. That's thanks to a legislative change in the state budget which went into effect July 1st.

Mr.TinDC / Creative Commons

Comcast, which operates 12 of Connecticut’s 25 local cable television franchises, is rolling out a new service.  It’s part of the effort by the cable industry to keep up with the changing demands of consumers -- but it may also be a warning sign for a Connecticut employer.

Meriden Named Part of Internet Access Initiative

Jul 16, 2015
Dennis Skley / Flickr Creative Commons

Meriden is one of more than two dozen locations around the country where low-income households will get high-speed Internet service under a federal program announced by the president Wednesday. 

Connecticut Ranked Most Energy-Expensive State

Jul 15, 2015
Ron Dauphin / Flickr Creative Commons

A study by the website WalletHub.com ranks Connecticut top in the country in overall energy costs.  

U.S. Department of Agriculture / Creative Commons

Advocates for the poor have argued that the state takes too long to process food stamp applications, and that people should have a right to sue. State attorneys have pushed back. But last week, a federal appellate court ruled that applicants can in fact file a class action against the state. 

Comcast to Add Mobile Streaming Video Option

Jul 14, 2015
Comcast

The operator of 12 of Connecticut's 25 local cable television franchises has announced a new streaming video service. 

Mixabest / Creative Commons

A new federal designation is expected to help the state of Connecticut access more than $1 billion in federal funding for economic development and to boost manufacturing.

The state is one of twelve applicants to receive the designation by President Barack Obama's administration under the Investing in Manufacturing Committee Partnership Initiative. It's a federal program designed to strengthen manufacturing across the country and support states with long-term economic development strategies.

Peggy Stewart / Western Connecticut State University

JP Morgan Chase has reached a $136 million agreement with Connecticut, 46 other states, and the District of Columbia, and has agreed to reform its debt collection practices. Attorney General George Jepsen said those practices hurt consumers.

Lionel Allorge

A federal appeals court says people applying for food stamps in Connecticut have the right to sue the state over delays in processing their applications.

The buzzing phone or ding of an email from the bedside table might be standard these days. But a long-awaited proposal that would increase the number of employees eligible for overtime pay could mean more companies curtailing the use of work email after hours.

When Nicholas Castillo was hired as a bank branch manager several years ago, he was told his $30,000 salary came with expectations.

Governor Dannel Malloy

Connecticut Insurance Commissioner Katharine L. Wade has ordered public hearings on proposed rate increases by three health insurers that would affect more than 70,000 policyholders next year.

Chion Wolf / WNPR

Connecticut's tax commissioner said his agency has unearthed about $85.8 million in uncollected tax revenue. 

Chion Wolf / WNPR

While all the other members of Connecticut's congressional delegation voted against it, Jim Himes has been a strong supporter of "fast track" trade authority, which allows the president to negotiate with 11 other Pacific nations.

Sage Ross, Wikimedia Commons

Aetna will become the nation’s second largest health insurer as it announces a deal to buy Kentucky-based Humana. The $37 billion dollar deal will significantly increase Aetna’s presence in the market for government plans like Medicare Advantage, which offers privately-run versions of Medicare plans. 

George Ruiz / Creative Commons

The Supreme Court may have given health insurance companies more certainty on the Affordable Care Act, but merger speculation continues in the industry. Will the Big Five end up as the Big Three?

And what will that mean for consumers? 

The U.S. economy keeps adding jobs at a steady pace, but the Labor Department report for June also shows more people are leaving the labor force and wages are not rising.

The economy added 223,000 jobs last month as unemployment fell to its lowest rate since 2008, the Labor Department said Thursday. The jobless rate dipped to 5.3 percent from 5.5 percent in May.

The Justice Department says it is investigating "possible unlawful coordination" by several major airline carriers. American, Delta, Southwest and United Airlines have all confirmed receiving letters from the Justice Department.

In a statement, American said the department "seeks documents and information from the last two years that are related to statements and decisions about airline capacity."

A United spokesman said the company is complying fully in regard to the probe.

Невідомий / Creative Commons

State regulators look poised to reject a $3 billion foreign takeover of Connecticut’s second largest utility. 

A small company in California is hoping to make a big splash by providing detailed flood maps to homeowners and insurance companies. And to do that, the company is using one of the fastest supercomputers in the world.

The company is called Katrisk, based in Berkeley, Calif. Hydrologist and computer modeler Dag Lohmann is one of the company's founders. He says the flood maps the Federal Emergency Management Agency already produces will tell you how prone a particular area is to flooding.

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