by Christine Stuart | Jun 1, 2018 12:54pm
Posted to: Business | Economic Development | The Economy | Financial Sector | Federal Budget | Town News | Jobs | Manufacturing | Military Spending | National Security | State Budget | State Capitol | Transportation | Wall Street
HARTFORD, CT — The state Bond Commission approved $233.5 million in general obligation bonds Friday, including $1.5 million for a Massachusetts manufacturing company to relocate to Putnam, $9 million for PriceWaterhouseCoopers LLP to expand in Stamford, and $35 million to help Electric Boat in Groton ramp up for production of Columbia class submarines.
Continue reading "Jobs and Transportation Top Bond Commission Agenda" »
by Christine Stuart | Mar 5, 2018 7:37pm
Posted to: The Economy | Financial Sector | Election 2018 | State Capitol | Greenwich
HARTFORD, CT — David Stemerman, the Republican who launched a hedge fund in 2008 after moving his family to Connecticut, doesn’t want to live anywhere else.
Continue reading "Republican Hedge-fund Founder Announces Run for Governor" »
by Christine Stuart | Mar 5, 2018 6:30am
Posted to: Business | Public Health | Public Safety | Wall Street | Newtown | Pensions | Manufacturing Sector | Financial Sector
HARTFORD, CT — The state of Connecticut has $16.5 million or 0.05 percent of its six pension funds and nine trust funds invested in five companies that manufacture guns.
Continue reading "Connecticut Has Investments In Gun Makers" »
by Christine Stuart | Jan 22, 2018 12:56pm
Posted to: The Economy | Leisure & Hospital Sector | Manufacturing Sector | Financial Sector | Trade, Transportation, Utilities Sector | Labor
HARTFORD, CT — After months of job losses, preliminary numbers from the U.S. Bureau of Labor Statistics show Connecticut ended 2017 by gaining 6,000 jobs in the month of December.
“December job growth ended the year on a better note than in previous months,” Andy Condon, Director of the Office of Research, said. “Preliminary data indicate that Connecticut grew 7,700 jobs on a seasonally-adjusted basis and 6,200 jobs on an average annual basis. This is actually better than the 5,000 average annual growth seen in 2016.”
Continue reading "Connecticut Ends Year On Positive Jobs Note" »
by Brian Sullivan | Sep 14, 2017 12:08am
Posted to: Analysis | Business | Consumer Protection | Opinion | Sponsored Opinion | Financial Sector
People often compare the state budget to a household budget. We hear it all the time:
“If I ran my household like the state, I’d be broke!”
Continue reading "Fiscal Dynamics | The State Budget vs. Household Budget Argument" »
by Christine Stuart | May 31, 2017 3:35pm
Posted to: Business | The Economy | Financial Sector | Insurance | Jobs | Hartford
HARTFORD, CT — Aetna has had a footprint in the city of Hartford for 164 years. But that footprint might be about to get a little smaller, although no official announcement about a headquarter relocation has been made.
Continue reading "Aetna Acknowledges It’s Headquarter Shopping" »
by Christine Stuart | May 18, 2017 10:00am
Posted to: The Economy | Financial Sector | State Budget | Pensions | Wall Street
It’s been sort of a streak. Three Wall Street rating agencies have downgraded Connecticut’s creditworthiness in the last five days.
Continue reading "Another Day Another Wall Street Rating Agency Downgrade" »
by Christine Stuart | Apr 11, 2017 11:30am
Posted to: The Economy | Financial Sector | Town News | State Budget | Pensions | Taxes
HARTFORD, CT — Gov. Dannel P. Malloy reminded lawmakers Monday that at least one Wall Street credit rating agency captured the “sobering and credible view” of the budget challenges Connecticut faces.
Continue reading "Malloy Reminds Lawmakers About Connecticut’s High Fixed Costs, Bond Rating" »
by Christine Stuart | Feb 3, 2017 6:30am
Posted to: The Economy | Manufacturing Sector | Financial Sector | Labor | Manufacturing
The U.S. Bureau of Economic Analysis said Connecticut’s economy grew at a 3.6 percent annual rate in the third quarter last year or $261 billion.
Continue reading "Lagging Economic Indicator Shows GDP Growth In Connecticut" »