Economy and Budget Updates

The Connecticut School of Broadcasting has suddenly shut its doors.

Unions and the city of Danbury have worked out a deal.

However, there is no deal between unions and government at the state level, raising the specter of layoffs.

The Courant is running stories today about the major troubles of The Hartford and Phoenix, both major Hartford employers.

Connecticut’s delegation in Congress seems hopeful that submarine funding won’t be cut, despite the president’s pledges to reform the defense budget.

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6 responses to “Economy and Budget Updates

  1. Ichabod Crane

    Eight of nine unions in Farmington also agreed to concessions. The only ones not interested in playing nice: the teachers.

    http://www.courant.com/community/news/fv/hc-towndigbrf03050mar05,0,7984173.story

    [audio src="http://podcast.wtic.com/wtic/1619771.mp3" /]

  2. Good to see some local unions offering to help out. Should I hold my breath waiting for the state unions to do the same?

  3. Good to see some local unions offering to help out. Should I hold my breath waiting for the state unions to do the same?

    If you have a superhuman lung capacity, why not?

  4. Paz has found some work, looks like stringing for the NYTimes.

    Here.

  5. Bloomberg News is reporting that President Barack Obama now has the distinction of “presiding over his own bear market.” Bear markets shred investments.
    “The Dow Jones,” the news service said, “fell 20 percent since Inauguration Day, the fastest drop under a newly elected president in at least 90 years, according to data compiled by Bloomberg. The gauge has lost 53 percent from its October 2007 record of 14,164.53, slipping 4.1 percent to 6,594.44 yesterday.”

    Congratulations are in order. There are some as yet infirm plans to name the present market “The Obama Market,” in honor of the president’s economic programs.

  6. A terrible economy coupled with a rash of awful earnings reports has nothing to do with it, right?

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