News Times– The 68-page plan that would remake Connecticut’s tax structure and jump-start economic activity includes a picture of how the state is doing — horrendously, thank you — but not a lot of analysis of the measures it recommends.
Finance
Donations to The Diaper Bank in North Haven Reach Record-Breaking Number
News Times– There are going to be a lot of dry baby bottoms around thanks to a record-breaking number of donated diapers.
Connex Credit Union donated 82,919 diapers — almost double the amount from last year— Thursday to The Diaper Bank, a local nonprofit that seeks to prevent the risk of health and parenting complications caused by limited access to diapers.
Steiner Starts as Administrator
Why are Potential Forks not Accounted into the Bitcoin Futures Price
Connecticut’s New Stranded Tax Credit Program Aims to Unleash Investment
Hartford Business Journal– In 2014, Connecticut agreed to let United Technologies Corp. use up to $400 million in “stranded” research and development tax credits to keep and expand the presence of its Pratt & Whitney subsidiary in East Hartford.
Connecticut’s Economy Struggles to Recover
Hartford Business Journal – During the first quarter of 2017, Connecticut’s economy, as measured by real output or gross state product (GSP), contracted below where it was in 2004. After seven years of contraction from 2008 to 2014, the economy managed a modest 2 percent gain in 2015, only to retreat to essentially zero growth in 2016 and a sharp decline in early 2017.
Economic Diversity Cushions Danbury Region from Unemployment
Greenwich Time – Since 2002, and throughout the Great Recession, Danbury and nearby towns enjoyed an unemployment rate two to three percentage points lower than the nation, the state and the cluster of cities and towns along the Gold Coast.
Down, But Not Out: Experts See Future for UBS in Stamford
Stamford Advocate – An embattled investment banking giant has downsized significantly in recent years in Connecticut. But a departure does not appear imminent.
A Glimpse at Silicon Valley’s Cryptocurrency Craze: A Melding of Reality, Fantasy and Hype
MarketWatch – The hype that has fueled the skyrocketing prices of bitcoin and other cryptocurrencies was on full display this week in San Francisco, where a conference showcasing young companies seeking to catch the crypto wave before it crests offered a perplexing mix of a fantastical future and likely reality.
Transit System Travails Persist as Economic Worry for Connecticut
Stamford Advocate – A growing number of economists and public officials think Connecticut’s transportation troubles are contributing to the state’s slow economic recovery.