Natural gas fight pits two Democratic base groups against each other
You would think trying to shift Connecticut and other New England states off oil and coal to natural gas would be a unified effort among Democratic Party interest groups, but apparently that is not the...
View ArticleConnecticut economy top concern for businesses
Connecticut’s economy is still the top concern of businesses, according to a survey of its members by the Connecticut Business and Industry Association. Businesses want their taxes and regulations...
View ArticleGallup: Americans viewpoint of economy remains in ‘doldrums’
Will Americans’ viewpoint of the economy be reflected at the polls this November? Remember, in 1992, candidate Bill Clinton said, “It’s the economy, stupid.” With less than two months to go before the...
View ArticleHow business friendly is Connecticut?
How business friendly is Connecticut? That is one of the key issues around which Connecticut’s gubernatorial race is focused. Gov. Dannel P. Malloy insists the business climate has improved under his...
View ArticleAmerica’s middle class needs a raise
America’s middle class has grown stagnant and has not seen a raise since 1999. For the typical American family, there is no “economic recovery” and there has not been one since before the Great...
View ArticleTorrington Kmart to close, as western Connecticut gets double-dose of bad...
The economic news for western Connecticut was not good Wednesday. First, Sears Holdings Corp., the parent-company of Kmart department stores, announced that it will close its Torrington store before...
View ArticleConnecticut businesses to be hit again with another unemployment ‘special...
Already feeling the pinch with a “special assessment” to Connecticut’s unemployment fund, businesses are about to get whacked again. Connecticut employers received a “special assessment” last month of...
View ArticleConnecticut real estate market slumps
Connecticut’s real estate market nosedived in August with home sales down 6 percent. Also, for the sixth consecutive month of year-over-year price declines. The Hartford Courant reports: The median...
View ArticleWill the economy determine your Connecticut gubernatorial vote?
Nationwide, a new Ap-GfK poll shows the economy to be the number one concern among Americans. It may be why President Obama is giving a speech about the economy on Thursday. According to the poll, 9...
View ArticleFactory orders take record drop. Should we be concerned?
U.S. factory goods for new orders took a record drop of 10.1 percent in August, the biggest decline ever. But the Commerce Department is attempting to calm the waters, claiming the drop was the result...
View ArticleConnecticut still ranks among worst states to do business
The Tax Foundation is out with its new State Business Tax Climate Index. Let’s just say Connecticut is no where near the top. In fact, it is closer to the bottom, ranking number 42 out of 50 states....
View ArticleNot much to celebrate over dipping U.S. unemployment
You would think Americans would be doing jumping jacks over the “encouraging” unemployment news. The latest numbers for October showed more than 200,000 jobs created. The unemployment rate has...
View ArticleForbes: Connecticut business drops in rankings again
Forbes Magazine is out with another business ranking and it is not good for Connecticut. Some of the findings are stark: #36 in best states for business #44 in economic climate #28 in growth prospects...
View ArticleSurprise! Pratt boss retires
By Hartford Business Journal- In a surprising announcement Monday morning, United Technologies Corp. said CEO and Chairman Louis R. Chenevert has resigned effective immediately. Chenevert is being...
View ArticleBudweiser’s Clydesdales laid off
Don’t expect to see the Clydesdales this Christmas season. Budweiser’s parent company has the iconic horses, a staple of Christmas season advertisements since 1987. Budweiser is making the move to...
View ArticleInside field of dreams for Berlin?
Hamden-based developers Washington Management LLC is proposing a $20 million indoor sports complex for Berlin, Connecticut to be located at the south end of the Berlin Turnpike. The facility would...
View ArticleFriendly’s closes Unionville restaurant
For those who like to stop and get a bite to eat or an ice cream on the way to the mall, forget about Friendly’s Restaurant in Unionville, Connecticut. The Massachusetts-based company has closed its...
View ArticleRadioShack holiday season hearing static. Key money backer of struggling...
RadioShack devotees should enjoy this particular holiday season, because the company is on the brink of bankruptcy, according to several stories. The struggling electronics retailer is losing one of...
View ArticleConnecticut home prices way below 2006 high. 4th worst in U.S.A.
Connecticut housing prices in October remain 21.8 percent below their July 2006 peak according to CoreLogic. Only Nevada, Arizona and Florida are further behind their peak prices than Connecticut....
View ArticleSears to close more stores. No word on Connecticut yet
Struggling retailer Sears plans to accelerate the number of stores it will close from 130 to 235, after announcing on Thursday an adjusted net loss of $296 million. No word on whether any Connecticut...
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