A new report shows that Fortune 500 companies, including several in Connecticut, are placing an estimated $2.5 trillion in offshore tax havens. It’s a practice that’s totally legal.
October 11, 2016
September 28, 2016
(Updated 5:02 p.m.) There was bipartisan consensus Wednesday that the $220 million economic incentive package for Lockheed Martin to continue helicopter production in Connecticut is a good deal for taxpayers.
September 23, 2016
News that most of the Legislature’s Program Review and Investigations Committee staff would be assigned to other legislative support offices is being billed as a cost-saving measure. Five analysts are being moved to the Auditors of Public Accounts and the five others are being transferred elsewhere.
August 26, 2016
Curious taxpayers finally got a look at the state Department of Economic and Community Development’s long-awaited analysis of the First Five Plus economic incentive program on Tuesday. The document raises as many questions as it purports to answer.
July 18, 2016
Senate Republicans say Insurance Commissioner Katharine Wade misled them about seeking guidance from the Office of State Ethics and they want the Freedom of Information Commission to penalize her for failing to turn over hundreds of documents related to their FOI request.
June 30, 2016
State Comptroller Kevin Lembo added his name Thursday to a growing list of advocates and officials asking Insurance Commissioner Katharine Wade to recuse herself from reviewing the Anthem-Cigna merger.
June 24, 2016
In all the years I’ve been writing about government, I’ve never been able to answer one question: why are otherwise smart people so blind to their own conflicts of interest?
June 23, 2016
Without addressing recent conflict-of-interest allegations against state insurance regulators, Connecticut’s senior senator wrote Wednesday that the U.S. Department of Justice should deny the mergers of Aetna with Humana and Anthem with Cigna.
June 10, 2016
Everyone, it seems, loves to hate corporations — unless you’re fortunate enough to have a really good job at one, or you love one of their products. Apple fans can tell you all about that.
May 27, 2016
Just weeks after passing an austerity budget, in a stunning display of “let them eat cakery” the State Bonding Commission is set to vote on a $22 million grant to Bridgewater Associates, one of the world’s largest hedge funds run by Ray Dalio, who is ranked 29th on the Forbes 400 and ninth in the Forbes 2016 list of highest earning hedge fund managers.