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March 10, 2015

Senate, House Focus On Student Loan Debt

by Christine Stuart | March 10, 2015 4:00pm

Christine Stuart photo The same day President Barack Obama signed a memorandum directing federal agencies to do more to help student loan borrowers, the legislature’s Banking Committee passed legislation increasing regulation of lenders.

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February 3, 2015

Connecticut Helps Win Settlement Against S&P

by Cara Rosner | February 3, 2015 9:35pm

Connecticut will receive $36 million as part of a multistate settlement reached with Standard & Poor’s Financial Services LLC that resolves allegations S&P misled investors.

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December 13, 2014

OP-ED | Omnibus? Try Ominous

by Sal Luciano | December 13, 2014 7:53pm

In case you missed it, there’s a monster lurking in our nation’s capital. It’s assumed the form of a 1,603-page, $1.1 trillion spending package written (allegedly) to avert another government shutdown.

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June 6, 2014

Report: CT Loses $600M In Tax Revenue When Corporations Shift Profits

by Madeline Stocker | June 6, 2014 7:11am

Courtesy of ConnPIRG Seventy two percent of Fortune 500 companies avoid approximately $90 billion in taxes by booking profits to subsidiaries registered in offshore tax havens, according to a report from the ConnPIRG Education Fund and Citizens for Tax Justice. Each year, offshore tax loopholes used by U.S. multinational corporations cost Connecticut $600 million in state tax revenue.

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April 18, 2014

OP-ED | Are Wall Street Values Right for Schools?

by Sarah Darer Littman | April 18, 2014 9:00am

Last week on a flight back from England, I read Michael Lewis’ latest book, Flash Boys: A Wall Street Revolt. I found myself highlighting passages, struck by parallels with the corporate education reform movement. It’s not surprising as both industries involve players from high tech and hedge funds — and, of course, the politicians who enable them.

Upon reading this quote from Constantine Sokoloff, a Russian who helped develop NASDAQ’s matching system for buyers and sellers: “The old Soviet educational system channeled people away from the humanities and into math and science,” a political sound bite started playing in my head:

“The president and I believe that ensuring our nation’s children are excelling in the STEM fields is essential for our nation’s prosperity, security, health and quality of life . . . All of us need to be engaged in task of improving STEM education. Business leaders and major donors are leading the way, and leaders from other sectors need to join them.” US Secretary of Education Arne Duncan, November 2009

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