Personal Finance

Pages

Income
7:59 am
Wed July 30, 2014

New York Skyscraper's Separate 'Poor Door' Called A Disgrace

Lower-income residents may find affordable housing hard to come by in Manhattan.
Seth Wenig AP

Originally published on Wed July 30, 2014 12:54 pm

New York City Mayor Bill de Blasio's administration is under fire for signing off on a building plan that allows a new luxury high-rise on Manhattan's western edge to have a separate entrance for low-income residents.

About 20 percent of the units in the 33-story tower will be reserved for low- and middle-income residents. But all the affordable units will be grouped in one area, and those tenants will have to enter through a separate door.

Read more
Reversing Outsourcing
11:33 am
Fri July 25, 2014

Sen. Murphy Urges Support for Bring Jobs Home Act

Sen. Chris Murphy (D-CT) in a file photo.
Credit Chion Wolf / WNPR

U.S. Senator Chris Murphy hopes for a strong vote in the Senate this week on the Bring Jobs Home Act. The bill would take away the ability for businesses to get a tax break for sending jobs overseas, and instead incentivizes companies to bring jobs back to the United States.

Read more
Affordable Care Act
10:59 am
Tue July 22, 2014

U.S. Appeals Courts Issue Conflicting Decisions On Obamacare Subsidies

Originally published on Tue July 22, 2014 2:03 pm

A U.S. appeals court on Tuesday dealt a significant blow to the Affordable Care Act, when it threw out an IRS regulation that governs subsidies. But before the ink dried on that decision, another three-judge panel hearing a similar case issued a decision that was completely opposite.

Read more
Insurance Industry
1:28 pm
Mon July 21, 2014

Connecticut's Share of Insurance Industry Continues to Decline

Hartford, Connecticut, known as the Insurance Capital.
Credit Cliff / Creative Commons

A new analysis shows employment in the insurance industry is steadily recovering nationally. Connecticut’s share of the industry, however, has continued to decline.

Read more
The Faith Middleton Show
10:24 am
Mon July 21, 2014

Miss Manners Takes On Workplace Etiquette

Credit Penn State/flickr creative commons

The "doyenne of civility," Judith Martin, a.k.a. Miss Manners, has decided that the fast-changing modern workplace could use some tips on what is and is not okay. And she delivers it in her characteristic dry, witty way, in the book she has co-authored with her son, Nicholas Ivor Martin, Miss Manners Minds Your Business.

Read more
Job Growth
12:25 pm
Sat July 19, 2014

States That Raised Minimum Wage See Faster Job Growth, Report Says

Seattle Mayor Ed Murray (right) and Seattle City Council President Tim Burgess cut a cake to celebrate city's raised minimum wage.
Ted S. Warren AP

Originally published on Sat July 19, 2014 6:42 pm

New data released by the Department of Labor suggests that raising the minimum wage in some states might have spurred job growth, contrary to what critics said would happen.

In a report on Friday, the 13 states that raised their minimum wages on Jan. 1 have added jobs at a faster pace than those that did not. The data run counter to a Congressional Budget Office report in February that said raising the minimum wage to $10.10 an hour, as the White House supports, would cost 500,000 jobs.

Read more
Technology Industry
8:33 am
Thu July 17, 2014

Microsoft Will Cut As Many As 18,000 Jobs

Originally published on Thu July 17, 2014 9:23 am

A large layoff is under way at Microsoft, as the technology company says it will cut 13,000 jobs in the next six months. All but 500 of the layoffs are related to the Nokia phone division the company acquired in April. Microsoft says it might shed as many as 18,000 jobs as it restructures itself.

The company says it will complete most of the layoffs by the end of this year, and complete the restructuring by next June.

Read more
Online Shopping
5:16 pm
Wed July 16, 2014

Visa Makes Big Move To Boost Consumer Spending Online

Visa Checkout will store customers' credit card numbers and billing addresses once without their having to re-enter the information each time they shop online.
Visa

Originally published on Fri July 18, 2014 11:28 am

Here's an experience many of us have had: You're shopping on your smartphone. You click on the shoes or books you want. But then, when you get to the shopping cart, you abandon ship.

Visa says that's a big problem for retailers. On Wednesday, the credit card company announced it's rolling out a brand new system designed to get us to spend more money online.

One Password, Many Tokens

Visa is actually trying to fix two problems with one swipe.

Read more
Contraceptive Coverage
2:39 pm
Wed July 16, 2014

Democratic Effort To Override Hobby Lobby Ruling Fails

GOP Sen. Kelly Ayotte of New Hampshire complained about a Democratic effort to reaffirm a contraceptive mandate at a Tuesday news conference
J. Scott Applewhite AP

Originally published on Wed July 16, 2014 4:34 pm

A Democratic effort to override the Supreme Court's recent ruling on contraceptive coverage failed in the Senate on Wednesday.

Bill sponsors fell four votes short of the 60 votes needed to cut off debate on the measure.

Read more
Customer Service
2:32 pm
Wed July 16, 2014

Don't Fire The Comcast Guy, Says Caller Who Tried To Cancel

We don't know the fate of the Comcast service rep at the center of a viral call recording.
iStockphoto

Originally published on Thu July 17, 2014 5:12 pm

Ryan Block, whose hilariously tedious customer service experience with Comcast struck a chord with millions, says the customer service rep who harangued him should not be fired.

Read more
Equal Employment
9:14 am
Wed July 16, 2014

EEOC Announces Tougher Rules Protecting Pregnant Workers

The Equal Employment Opportunity Commission's new guidance states that employers who allow parental leave must provide it to men and women equally.
Yuri Arcurs iStockphoto

Originally published on Wed July 16, 2014 10:32 am

Discrimination against female workers who might get pregnant in the future, or have been pregnant in the past, is against the law, the Equal Employment Opportunity Commission said this week. For the first time in 30 years, the agency has updated its rules against pregnancy discrimination.

The agency clarified several policies, including one that spells out when businesses may have to provide pregnant workers light duty and another that bans employers from forcing a pregnant worker to take leave even in cases when she's able to continue on the job.

Read more
Congress
1:41 pm
Tue July 15, 2014

House Votes to Extend Moratorium on State, Local Taxes for Internet Access

The U.S. Capitol building.
Credit Ron Cogswell / Creative Commons

The House has voted to make permanent a moratorium that prevents state and local governments from taxing access to the Internet. 

Read more
Customer Service
1:15 pm
Tue July 15, 2014

Comcast 'Embarrassed' By The Service Call Making Internet Rounds

Comcast is the largest cable company and home Internet service provider in the United States.
Matt Rourke AP

Originally published on Wed July 16, 2014 2:38 pm

When a customer service call is described as "Kafkaesque" and "hellish," you pretty much know how it's going to go down before even taking a listen. But in case you haven't heard the condescending, tedious call that's lit up the Internet, here it is:

Read more
Health Insurance
10:35 am
Tue July 15, 2014

Most Employers See A Benefit In Covering Contraceptives

Originally published on Wed July 16, 2014 9:32 am

Despite questions raised by the Supreme Court decision in the Hobby Lobby case, women in most health plans will still be able to get their birth control covered with no out-of-pocket expenses.

Read more
Overtime Pay
2:59 pm
Thu July 10, 2014

Berlin Limousine Firm Ordered to Pay $500,000 in Back Wages

Credit Anja Peternelj/iStock / Thinkstock

A Berlin limousine firm has been ordered to pay its drivers half a million dollars in back wages and damages, after it failed to pay overtime for several years.

Read more
Nutrition
6:56 am
Thu July 10, 2014

Combining Food Stamps and Job Training in Connecticut

Asnuntuck Community College in Enfield.
Credit Asnuntuck Community College

One of Connecticut's community colleges has received additional funding to help food stamp recipients get jobs. 

Read more
For-Profit Hospitals
1:58 pm
Wed July 9, 2014

St. Mary's Hospital Opts for Tenet Healthcare Deal

Credit Gubcio / iStock / Thinkstock

A fifth hospital in Connecticut has announced plans to give up its not-for-profit status, and join the for-profit Tenet Healthcare group.

Read more
The Colin McEnroe Show
4:03 pm
Tue July 8, 2014

Phoniness: From Resume Fraud to Fake Identities

Mark Oppenheimer is an author, and writes the biweekly “Beliefs” column for The New York Times and contributes to many publications including The Atlantic, The Nation, and This American Life.
Chion Wolf WNPR

Maybe Holden Caulfield was onto something when he ranted about "phoniness." This June, Michael Sharpe  resigned as CEO of FUSE, a Hartford-based charter school management company, when it came to light that he was not, in fact, a doctor, as his biography might have you believe.

That got us thinking about faking it: Why do people commit resume fraud? What is with our obsession with titles? What happens when someone adopts a whole new identity?

Read more
Where We Live
9:00 am
Tue July 8, 2014

The Design of Workspaces Past, Present, and Future

Tony Amenta.
Chion Wolf WNPR

From the nineteenth century “counting house” to the modern-day cubicle, the layout of our workspaces has undergone some pretty radical changes over the years.

Read more
Where We Live
9:00 am
Mon July 7, 2014

Financing Higher Education

Jeff Bartlett.
Chion Wolf WNPR

Some people say that bachelor’s degrees are the new high school diplomas; they are becoming more and more necessary for job seekers to be competitive in the job market. But as the cost of higher education rises, students who attend college are now saddled with decades worth of debt in loans. 

Read more
Bottom Five
11:02 pm
Wed July 2, 2014

Business Climate: Is Connecticut Really That Bad?

Perception or reality?

A recent study saw Connecticut drop once again in the ranking of business-friendly states. According to CNBC, we’re now among the bottom five states in the nation in terms of our business climate.

There is a view out there, however, that things may not be so bad after all.

Read more
Where We Live
9:00 am
Wed July 2, 2014

The Wheelhouse: Health Insurance; Charter Schools; Bridgewater Turns The Car Around

The Supreme Court of the United States.
Credit Mark Fischer / Creative Commons

It looks like the world'’s largest hedge fund won'’t build a new headquarters in Stamford…. What does that say about the state'’s economic development plans? A charter school organization faces investigations of its finances and operations. What does it say about the school reform movement? We’'ll look at those stories, plus the Supreme Court ruling on the Affordable Care Act's contraception mandate, and whether the employer-based insurance model makes sense today.

Read more
How Affordable Is The ACA?
7:00 am
Mon June 30, 2014

Obamacare Agency Changes Course, Releases Public Information

Some of the responses to our Freedom of Information request.
Credit Jeff Cohen / WNPR

One dollar and 22 cents. That's how much Access Health CT, the state's health insurance marketplace, pays its call center operator for each minute it spends on the phone helping someone navigate the Affordable Care Act.

It's also a number that Maximus, the call center operator, has tried to keep from public disclosure for months.

Read more
Play Ball
4:21 pm
Thu June 26, 2014

If a Ballpark Comes to Hartford, Who Gets the Luxury Seats?

Jupiterimages/Photos.com Thinkstock

Much has been written about whether the city of Hartford should have its own box in the new proposed baseball stadium its considering building to house the New Britain Rock Cats.

Read more
Misleading Labels
5:49 pm
Tue June 24, 2014

'Natural' Food Sounds Good But Doesn't Mean Much

Advocates say consumers may assume that the "natural" label is the same as "organic."
iStockphoto

Originally published on Wed June 25, 2014 9:50 am

Some people have had it with "natural" food.

For fifteen years, Urvashi Rangan, director of consumer safety and sustainability for Consumer Reports, has been pointing out that "natural" is just about the most misleading label that you'll ever see on a food package. Yet consumers still look for that word, food companies still love to use it and the Food and Drug Administration can't or won't define it.

Read more
Health Insurance
10:27 am
Tue June 24, 2014

Employer Health Costs Are Expected To Rise In 2015

Originally published on Tue June 24, 2014 10:40 am

Increases in health costs will accelerate next year, but changes in how people buy care will help keep the hikes from reaching the speed seen several years ago, PricewaterhouseCoopers says.

The prediction, based on interviews and modeling, splits the difference between hopes that costs will stay tame and fears that they're off to the races after having been slow since the 2008 financial crisis.

Read more

Pages