Fox 61 – CONNECTICUT, USA — Two respected economics experts from Connecticut universities said a recession is coming and it could be a couple of months before the economy straightens out.
America is enduring the worst inflation in 40 years, spurred on by the COVID-19 pandemic. Soon, it’s expected the Federal Reserve will hike interest rates for the first time in four years.
Yahoo! News – Jun. 11—The average consumer probably isn’t pondering how PepsiCo controls more than 80% of the dip market when they’re standing in the grocery store picking up a Tostitos creamy spinach dip for a cookout or Super Bowl party.
But when setting the backdrop for a conversation about the factors in inflation — which economists mainly cite as pandemic-induced disruptions in supply and demand and the war in Ukraine, with dispute over the impact of stimulus packages — lack of market competition is something economist Fred Carstensen can’t emphasize enough. He cites the impacts of the United States largely abandoning antitrust policy over the past 40 years.
UConn Today – About 50 students from four high schools in Hartford and East Hartford have been traveling by bus to UConn’s Storrs campus for several Saturdays this spring to learn the basics of personal finance. Among those lessons are how to open a bank account, managing personal spending, and ways to fund a college education.
WalletHub – Q + A
Do people consider property taxes when deciding where to move? Should they?
People looking to buy homes in a community absolutely do consider the property tax rate. The property tax rate (in most cases) is a representation of the level of public services available in the community. If households are considering some seemingly similar suburban municipalities, a differentiating feature may be the level of services.
Connecticut Magazine – When the pandemic began, questions about the virus and public health prevailed. As time went on, people asked, “Where were you when the world shut down?”
For people who entered the real estate market in the latter part of 2020 and last year, the question became: “Where did you want to be?”
UConn Today – Developers are planning to build thousands of new apartments across Connecticut, tapping into an exploding need for more housing options for everyone from millennials to empty nesters.
“There has really been an unprecedented demand for modern rental housing, not only in Connecticut but in many places across the nation,’’ says Jeffrey Cohen, finance professor and the Kinnard Scholar in Real Estate at the School of Business. “We’re seeing some complexes being developed on empty parcels and many other unused properties being converted into apartments.’’
UConn Today – A team of Stamford-based UConn business graduate students won the highly competitive 2021 Bloomberg Global Trading Challenge, topping almost 500 teams from around the world.
The winning team credited its success to a professor’s advice to make smart and bold decisions, an investment strategy that identified underdog companies that were responding to market demands, and their UConn education that prepared them for thorough assessments of prospective investments.
UConn Today – United States Marine Corps veteran Tony Audette builds custom motorcycles for celebrities, business titans, and other enthusiasts who want a bike that’s unlike any other. His exclusive motorcycles sell for upwards of $130,000.
After two years in business, Audette Motorcycles, in Canton, is thriving. Audette credits much of his business knowledge and expertise to the School of Business’ Entrepreneurship Bootcamp for Veterans (EBV). The startup accelerator steered him away from several costly business mistakes, he said.