Hartford Business Journal – Just as Connecticut has taken pains to slow the trajectory of COVID-19, some are now wondering whether the state can similarly reverse its pre-pandemic economic direction.
Finance
State can’t print money, but it can guide economic rise from pandemic
Gov. Lamont urges Connecticut businesses to restrict domestic travel, but many already have measures in place
How Disasters – Manmade or Natural – Affect the Real Estate Market
Boston Globe Real Estate – Realtor Michelle Oates was in her Andover office on Sept. 13, 2018, when she was told to evacuate. As she and her colleagues stood paralyzed in the parking lot, sirens blaring in the distance and helicopters hovering overhead, selling houses was the last thing on her mind.
Seniors’ Sweet Tax Breaks Have Become a Target
The PEW Charitable Trusts – As Americans begin the challenge of filling out their tax returns this year, one taxpayer demographic generally pays less than others: senior citizens. Tax breaks for seniors cost states approximately $27 billion a year and will more than double in the next decade, according to a recent study from the progressive Center on Budget and Policy Priorities in Washington, D.C.
What could happen to Collins’ military GPS business once it’s sold off?
The Gazette – Whoever buys the business likely will not have to physically take over the asset before the merger closes, so long as the two parties have a purchase agreement in place, said Yiming Qian, finance professor at the University of Connecticut, who has researched divestitures made during horizontal mergers.
Dems and GOP share common flaws in transportation plans
Home Warranties Offer Buyers Protection. Just Don’t Forget the Inspection
The Wall Street Journal – Houses are pretty good at keeping secrets. A hairline crack in a pipe or a worn belt on the clothes dryer may go undetected until something goes wrong.
Hometown Advantage? CEOs Tend to Acquire Companies in Familiar Stomping Grounds
UConn Today – Multinational conglomerate Berkshire Hathaway bought CEO Warren Buffett’s struggling hometown newspaper. Amazon acquired Whole Foods, which is headquartered in the same state where CEO Jeff Bezos grew up and owns a home.
New research shows these deals aren’t coincidences. Companies are 2.5 times more likely to acquire firms headquartered in the state where their CEO grew up than similar firms located elsewhere, the study found.
While CT’s reserves rise, Wall Street compensation shrinks
Hartford Business Journal – While Connecticut’s budget reserve just hit a new high, one of the driving forces behind that accomplishment may be cooling down. According to a recent report from the New York State Comptroller Thomas DiNapoli, compensation on Wall Street was down 6% last year, driven by a 17% drop in bonuses.