The economic situation of our state in many ways mirrors what so many countries are facing: years of excessive spending, unrealistic commitments to expensive employee's health and pension benefits, and slow growth, which have led to increased outlays, lower revenues and higher deficits.
Some business ideas seem to have a life of their own, particularly since they sound so reasonable. They're so much a part of the culture and so obvious that they go unchallenged, requiring neither proof nor explanation. Since they're self-evident they gain truism status. But once unmasked, they're revealed to be what they really are — untrue.
Fran Duggan is pulling for small banks. After nearly 25 years in the banking industry, he's seen the vital role that that community lenders and credit unions play in local towns and cities and the financial system as a whole.
Connecticut plans to have 1,000 Keno vendors starting in January, as the state looks to add $31 million in gambling revenue to its budget, sources say.
Hartford Hospital is planning a major expansion of its orthopedics business to rival nearby competitors, with the addition including a new $6.5 million ambulatory surgery center on its Seymour Street campus and the creation of a comprehensive musculoskeletal institute.
In today's sixth installment of How Connecticut Works, our summer series looks at the price of gasoline in Connecticut and the many outside factors that play into what motorists pay at the pump.