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Q and A Nappier defends Magic Johnson investments
The Hartford YMCA honored Earvin “Magic” Johnson Oct. 15 for his commitment to investing in urban areas. The State of Connecticut’s pension funds, managed by Treasurer Denise Nappier, have lost $15 million to date investing in two funds managed by Johnson’s company,...
Hartford YMCA to honor Magic Johnson for urban investments that cost CT taxpayers $15 million
The Hartford YMCA will honor Earvin “Magic” Johnson Friday for his commitment to investments in urban and low-income neighborhoods. The state’s pension funds, managed by state Treasurer Denise Nappier, have lost more than $15 million of the $45.6 million they invested...
Connecticut’s five Congressional districts safe from 2010 Census
The 2010 U.S. Census won’t affect Connecticut’s representation in Congress, according to a recent report by Election Data Services, because the state’s population is at the halfway point between the current five-seat delegation and the six seats it previously held. At...
State finances marked incomplete by auditors
Connecticut’s two key financial reports for 2008-09 lacked critical information, according to a June report by the Auditors of Public Accounts. The auditors lacked the information to give a complete endorsement, called an “unqualified opinion,” in both cases. The...
Rell ranked third-worst governor
Connecticut’s lame-duck governor is the third-worst in the country, according to a report by the Cato Institute, because of the tax increases and rise in spending under her watch. Cato, a Washington think tank, ranked 45 governors based on their spending, revenue and...
DPUC commissioner’s schedule includes time for shoplifting
On Sept. 15, one of the five Department of Public Utility Control commissioners, Amalia Vazquez Bzdyra, was arrested on a charge of shoplifting. According to City of New Britain parking records obtained in a Freedom of Information Act request, Bzdyra left the parking...
Are DeLauro, Dodd and Lieberman reading their mail?
A concerned citizen in Stratford wrote a letter to his three representatives in Washington hoping they would oppose a change in federal policy, but their responses raise questions about how closely they read his letter. Samuel Rizzitelli, a financial planner with an...
Malloy’s pitch to teachers: pensions to stay, binding arbitration a right, Foley would slash funds
Democratic candidate for governor Dan Malloy made a pitch to 3,000 teachers Wednesday night during a telephone town hall, using the opportunity to attack his opponent’s commitment to education funding and make other key distinctions. Malloy referenced the state’s...
Pratt: Connecticut costs 40 to 170 percent more
Pratt & Whitney announced plans to close two Connecticut facilities, the Cheshire Engine Center and East Hartford’s Connecticut Airfoil and Repair Operations, in July 2009. The company planned to move the work to Georgia, Japan and Singapore. Pratt & Whitney...
It could happen here: Healthcare gone wild
If the states are laboratories, then the lab to our north has at least one specimen growing out-of-control. Department of Social Services Commissioner Michael Starkowski recently told Connecticut’s Health Care Reform Cabinet about the contrast between insurance...