CCEA


Facebook Group Urges Preservation of Old Stanley Buildings

New Britain Herald – When it was announced that Stanley Black & Decker was planning to demolish all nine buildings it owns east of Curtis Street and south of Myrtle Street, some residents celebrated an opportunity revitalize the corner, while others were upset that their beloved city would be losing a bit of its history.


Foxwoods June slots revenue climbs 2.7%

Norwich Bulletin – Foxwoods Resort Casino’s slot-machine revenue for June rose 2.7 percent compared with a year earlier but was down compared with May.

Mohegan Sun reported an 8 percent revenue gain for June, making it the first time in three months that both casinos reported revenue gains in the same month. But don’t break out the champagne just yet.

The increases say more about the strength of economies in neighboring states than about Connecticut’s situation, said Fred Carstensen, a University of Connecticut finance professor who is director of the Connecticut Center for Economic Analysis.


OP-ED | Big Ideas Are Needed to Grow the Economy and Solve the Budget Mess

CT News Junkie – The recent economic news in Connecticut is Dickensian.

On the one hand, it’s the best of times: “The formal opening [on June 2] of the $60 million refurbished United Technologies Corp. research center handed Gov. Dannel P. Malloy a much-needed opportunity to celebrate some good news.”

On the other hand, it’s the worst of times: “An Aetna spokesman said [on May 31] the company is in ‘negotiations with several states regarding a headquarters relocation with the goal of broadening our access to innovation and the talent that will fill knowledge economy-type positions.'”








Malloy Defends $35 Million to Hedge Fund as Investment

The CT Mirror– AQR Capital Management of Greenwich not only oversees one of the world’s largest hedge funds, but it is known as an industry leader in using computers and algorithmic models to plot trades. The administration of Gov. Dannel P. Malloy sees AQR as a good investment for the state, even if it acknowledges state aid for a hedge fund manager never will be good politics.