Archive | May, 2012

Wadsworth Theater Presents Free Lecture


HARTFORD —  In conjunction with the Wadsworth Atheneum’s special exhibition Andrew Wyeth: Looking Beyond, on view now through July 22 , Victoria Browning Wyeth, Andrew Wyeth’s only grandchild, will share memories and stories about her grandfather’s work and process.

This lecture is presented by the Wadsworth Atheneum Museum of Art’s Education Department and takes place in the Aetna Theater.

Drawing from personal observation and conversations with the entire Wyeth family of artists, Victoria Wyeth’s talks offer an insider’s perspective on the artist’s subject matter and techniques.

Wyeth’s lecture will take place on  June 14, at 6:00 p.m. in the Aetna Theater. It is free and open to the public.

The exhibition demonstrated how the artist made a painting, from initial preparatory sketches to the final 1963 tempera Her Room, currently on view in the museum’s exhibition, Andrew Wyeth: Looking Beyond.

The only grandchild of iconic artist Andrew Wyeth, Victoria Browning Wyeth is the daughter of Nicholas and Jane Wyeth.  Wyeth is the great-granddaughter of illustrator N.C. Wyeth and the niece of contemporaryrealist Jamie Wyeth.

The Wadsworth Atheneum Museum of Art is located at 600 Main St. in Hartford. For more information, please visit www.wadsworthatheneum.org for more information.

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Summer Reading Kickoff and Library Fun Fair!


HARTFORD – The Hartford Public Library will hold it’s Summer Reading Kickoff and Library Fun Fair on June 2 .

The event will begin at 1 p.m. at the downtown library’s Terrace and Burr Mall.

It’s for children  (0-5), Youth, Teen and Adult Summer Reading Programs.

Attendees will get to play with Bounce Houses, Giant Obstacle Course, Crafts & More.

There will be a free Teddy Bear to first 500 children to sign up for Summer Reading Game.

A fun surprise will be the Magician Zach Ivins at 3:30 – 4:30 p.m.

Click here for more information

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Hartford Group to Kick Off Caribbean Heritage Month


Updated June 1, 2012 11:17 a.m.

HARTFORD — Caribbean-Americans will kick off Caribbean Heritage Month with a sumptuous breakfast and an uplifting message at the Hilton Hotel on June 2.

The month-long celebration of Caribbean contributions to American culture and society will feature a keynote speaker: Dr. Claire Nelson, president and founder of the Washington D.C.-based Institute for Caribbean Studies and one of several national leaders who pushed for Congress to declare June Caribbean-American Heritage Month.

For the second year, the breakfast will bring together leaders from local
government, ambassadors and consuls generals, non-profit and cultural
organizations, community leaders of the Caribbean diaspora to recognize and acknowledge the achievements of the many communities of Caribbean descent in our state. Two-thirds of Hartford’s population are from the English, French and Spanish-speaking islands in the Caribbean.

Nelson will “present a message of strength through unity and civic engagement, and will share her experiences empowering Caribbean people around the world,” organizers said.

Urania Petit, co-chair of the breakfast event, welcomed the opportunity to bring the community together. “Connecticut has one of the biggest
Caribbean immigrant populations in America. It’s important for us to
recognize our accomplishments, and to share our knowledge and talents with one another and the larger communities where we live.”

Hartford Mayor Pedro Segarra issued a statement at the start of Caribbean Heritage Month.

“As Connecticut’s Capital City is home to the third largest Caribbean population in the United States, we must recognize the important cultural and economic contributions made by our friends and partners in the Caribbean,” Segarra said. ” And while our strongest bonds are based on investment, economics and trade, there is no question that more can and will be done to continue to bolster and enhance new growth opportunities.

Bloomfield Mayor Sydney Schulman agreed and added: “This further is a special occasion in that we are celebrating fifty years of freedom and independence of Jamaica and Trinidad and Tobago.”

Information about the breakfast and other events to be held during the
month can be found online at caribbeanheritagect.org. The website includes links to the national Caribbean American Heritage Month site, as well as local Caribbean organizations.

Related News:

Caribbean-Americans in the US

 

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SAMA Celebrates 30 Years at Banquet


HARTFORD — Connecticut’s Spanish American Merchants Association  held its 30thAnniversary Awards Banquet on  May 12 at the Connecticut Convention Center in Hartford.

Joseph A. Rodriguez, Owner/Operator of five McDonald’s Restaurants, was the keynote speaker.

“Our anniversary banquet is an opportunity to reflect on, and acknowledge the wonderful work done in the community by SAMA members and our local partners,” SAMA Board of Directors President Angel Sierra said. “We’re honored to have with us such a distinguished group of guests, and are extremely appreciative of the efforts throughout our state to promote business expansion, job creation and entrepreneurship.”

Hartford Mayor Pedro Segarra received SAMA’s President’s Award, and Leadership Awards were given to State Senator John Fonfara and State Representative Minnie Gonzalez. Juanita Espinosa of Hartford received the lifetime achievement award for her contribution to the organization and the business community and Luis Rodriguez of Comerio Restaurant in Hartford received the Merchant of the Year Award.

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Racial Attitudes Playing Large Role in 2012 Presidential Vote


By Molly McElroy, Contributor

A fter the 2008 election of President Barack Obama, many proclaimed that the country had entered a post-racial era in which race was no longer an issue. However, a new large-scale study shows that racial attitudes have already played a substantial role in 2012, during the Republican primaries. They may play an even larger role in this year’s presidential election.

The study, led by psychologists at the University of Washington, shows that between January and April 2012 eligible voters who favored whites over Blacks – either consciously or unconsciously — also favored Repub­lican candidates relative to Barack Obama.

“People were saying that with Obama’s election race became a dead issue, but that’s not at all the case,” said lead investigator Anthony Greenwald, a UW psychology professor.

The study’s findings mean that many white and non-white voters, even those who don’t believe they tend to favor whites over Blacks, might vote against Obama because of his race. These voters could cite the economy or other reasons, but a contributing cause could nevertheless be their conscious or unconscious racial attitudes.

“Our findings may indicate that many of those who expressed egalitarian attitudes by voting for Obama in 2008 and credited themselves with having ‘done the right thing’ then are now letting other considerations prevail,” said collaborator Mahzarin Banaji, a psychology professor at Harvard University.

In the study, a majority of White eligible voters showed a pattern labeled “automatic white preference” on a widely used measure of unconscious race bias. Previous studies indicate that close to 75 percent of White Americans show this implicit bias.

In a study done just prior to the 2008 presidential election, Greenwald and colleagues found that race attitudes played a role in predicting votes for the Republican candidate John McCain.

The 2012 data, collected from nearly 15,000 voters, show that race was again a significant factor in candidate preferences.

In an online survey, Greenwald asked survey-takers about their political beliefs, how “warmly” they felt toward Black and white people, and which presidential contender they preferred. Because the survey was conducted in the first four months of 2012, it included the five main Republican hopefuls – Herman Cain, Newt Gingrich, Ron Paul, Mitt Romney and Rick Santorum – as well as Obama.

Greenwald also measured unconscious race attitude using the Implicit Association Test, a tool he developed more than a decade ago to gauge thoughts that people don’t realize they have. Different variations of the test measure implicit attitudes about race, gender, sexuality, ethnicities and other topics.

Greenwald found that favoritism for Republican candidates was predicted by respondents’ racial attitudes, both their self-reported views and their implicit biases measured by the IAT. Greenwald emphasized that the study’s finding that some candidates are more attractive to voters with pro-White racial attitudes does not mean that those candidates are racist.

“The study’s findings raise an interesting question: After nearly four years of having an African-American president in the White House, why do race attitudes continue to have a role in electoral politics?” Greenwald said.

He suspects that Obama’s power as president in 2012, compared with his lesser status as candidate in 2008, may have “brought out race-based antagonism that had less reason to be activated in 2008.”

Another possibility is that Republican candidates’ assertions that their most important goal is to remove Obama from the presidency “may have strong appeal to those who have latent racial motivation,” Greenwald said.

Greenwald and his research team will continue to collect people’s attitudes about the 2012 presidential candidates as part of their Decision 2012 IAT study. Now that Mitt Romney has emerged as the presumptive Republican nominee, the researchers are modifying their survey to focus on voters’ comparisons of Romney

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Seniors Grow Old Under Debt


By Hanah Cho, Contributor

Norman Harvel is growing old under a mountain of debt.

At 60, Harvel faces medical and credit card bills topping $80,000. Yet Harvel is unable to work, having been injured at a job site more a decade ago. The former building maintenance worker now lives on $904 a month in Social Security disability benefits.

“I was so sick and tired of getting the bills, so I would throw them away,” Harvel said from his tiny basement apartment in Dundalk. “I’ve had to try to tell myself that it’s something I will wake up from.”

In Maryland and across the country, boomers and other older Americans are drowning in debt, say credit counselors, elder law attorneys and economists. A growing number of older people in the Baltimore region are seeking financial assistance and help finding work, as well as filing for bankruptcy, say those who work with seniors.

Buried in Health Care Debt

Norman Zimmering, 81, exhausted his savings trying to pay off medical bills for his wife, Harriet, who died in 2009. She had a heart condition as well as dementia, Zimmering said.
“Most of my money was spent on hospitals, nursing homes and whatever medication,” said Zimmering, who lives in a sparse apartment in Reservoir Hill.
Soon after his wife’s death, Zimmering said, he was laid off after 11 years as a security guard at the Sands Expo Convention Center in Las Vegas.
Unable to find work and keep up with medical bills, some of which he paid for with credit cards, Zimmering filed for bankruptcy last year, listing $42,020.87 in liabilities, mostly medical bills. A judge discharged his debts last year.
“I kept repeatedly getting big bills and big bills. I tried very hard. I couldn’t do it any more,” he said. “I had to go into bankruptcy.”
Zimmering moved to Baltimore a year ago hoping to find a job here either as a security guard or piano tuner, but so far he hasn’t had any luck. He said his age and bad credit because of the bankruptcy hurt his employment opportunities.
“I even tell people, ‘I don’t care what you pay me, as long as it brings in some revenue and keeps my dignity,'” said Zimmering, whose primary source of income is $1,027 a month in Social Security.
Hanah Cho

Double Debt Tarnishes Golden Years 

“It’s supposed to be the golden years, but it’s not, at least financially,” said Nicholas Del Pizzo III, a Dundalk attorney whose clients include many financially struggling seniors seeking bankruptcy help.

From 1992 to 2007, the percentage of households of people in their mid-50s and older with housing and consumer debt rose from 53.8 percent to 63 percent, according to the Washington-based Employee Benefit Research Institute’s (EBRI) research using government data. The problem is even more acute for those 55 to 64, with 81.7 percent carrying debt.

Over the same period, the average overall debt for these 55-and-older households more than doubled, to $70,370, according to EBRI.

In Harvel’s case, he piled up debt over years of taking care of his sick wife, Loretta, who died last year at 63. She had diabetes, was on dialysis and required two open-heart surgeries, Harvel said.

Health care bills are a leading factor contributing to the indebtedness of graying Americans.

Workers are paying more for employer-sponsored health insurance, while costs for medical care are skyrocketing. Eligibility for Medicare doesn’t begin until age 65, and it does not cover such expenses as hearing aids, dental care and long-term nursing care.

Meanwhile, more older homeowners are carrying mortgage debt into retirement. Making matters worse, declining housing values have cut into what had been a safety net for older Americans and retirees: their homes.

Some older consumers also are saddled with credit card debt. Among Americans 65 and older, for instance, the average amount of credit card debt rose to $10,235 in 2008 from $8,138 three years earlier, the largest percentage increase among all age groups, according to a survey by Demos, a New York-based public policy institute.

Moreover, other older Americans are haunted by student loans years after they, or their children, left school. Adults 50 and older owe 17 percent of the nation’s $870 billion in student-loan debt, according to a March report by the Federal Reserve Bank of New York.

Perfect Financial Storm

The financial crisis also depleted savings and retirement accounts, contributing to a “perfect storm” of precarious finances among older Americans, said Marceline White, executive director of Maryland Consumer Rights Coalition.

One illness or emergency can throw a senior into debt, White said.

“If everything goes perfectly, they could manage,” she said. “If something goes wrong, something unexpected happens, they don’t have the liquidity to move on.”

While recent government data shows declining consumer debt as families cut back on spending and saved more money, not all older Americans can follow suit. Not only are most older Americans past their prime earning years, but many must dip into their savings to stay on top of bills — while those still working may make less than they did in previous years.

Low-income seniors with excessive debt are having a hard time digging out in an environment in which “job growth is slow and salary increases are minimal,” said Craig Copeland, a senior research associate at EBRI, who wrote the study on debt among elders.

David Jones, president of the Association of Independent Consumer Credit Counseling Agencies, said debtors age 60 and older now represent the fastest-growing segment seeking help at member offices across the country.

The trend has been especially evident in the last two years, a period in which the eldest of the boomers began retiring, Jones said.

“There were a lot of people in this population that decided to retire without the same kind of assets that previous retirees had,” he said. “In fact, we began to see people with $60,000 in nonmortgage debt.”

In general, the association said, the average client at its nonprofit local credit counseling agencies has gotten older: 44.5 in 2011 versus 41 in 2007. The average client also was middle class and seeking help for reasons such as a job loss, reflecting the aftermath of the financial crisis, Jones said.

Although some older Americans are able to delay retirement, not all can. Unable to find work or other sources of money, many seniors can’t manage their debt on a fixed income.

“These people don’t have the same options that others do,” Jones said. “They can’t in many cases find a job, and if they do, they have to work at a job at a lot less money than they’re used to.”

Louise Carwell, a lawyer who works with low-income seniors at the Maryland Legal Aid’s consumer law unit in Baltimore, said her clients are dealing with a wide range of debt, from credit cards to medical bills.

Many seniors in Baltimore also are behind on property taxes, which puts their homes at risk of going to a tax sale.

Carwell and other public-sector attorneys who work with elders say indebted seniors want relief, a trend that has increased in the last several years.

“The anxiety that they get or they create within themselves from debt collectors, that’s really punishing,” Carwell said. “That’s why a lot of my folks file for bankruptcy.”

Seniors Are Fastest-Growing Bankruptcy Group

Bankruptcy filings among seniors have risen markedly in recent years, according to recent studies. In general, the median age of people filing for bankruptcy has risen, to age 43 in 2007 from 36.5 in 1991, according to research by John A. E. Pottow, a law professor at the University of Michigan.

Adults 65 and over are the fastest-growing age group among people filing for bankruptcy protection, according to Pottow’s research. He found that older debtors carry 50 percent more credit card debt than younger debtors. Seniors cited credit card debt as a reason for their bankruptcy more frequently than did younger bankruptcy filers, according to his research.

Mary Aquino, a staff attorney with Legal Aid’s Baltimore County Elder Law Program, said she recalled a client of age 75, who was nine months behind on her mortgage, with $10,000 in credit card debt and an additional $36,000 in student-loan debt. The woman’s sole income was a monthly $1,100 Social Security check.

“She’s hoping to file for bankruptcy and keep her home,” said Aquino, noting that student loans are usually not discharged in bankruptcy.

Norman Harvel, too, wants relief from his mounting debt.

Besides getting dozens of late and collection notices for his and his wife’s medical bills, Harvel is being sued by a funeral home, which provided services for his mother, grandmother and brother, all of whom died in the same month last year. Harvel said he put up the money for their services, using all his savings and cashing out some savings bonds. But he still owes $986, plus interest, court and attorney fees.

Harvel expressed a mix of guilt and remorse for racking up so much debt but said he simply does not have the means to pay it off.

After being homeless for eight months, Harvel now has a place to live, thanks to the Baltimore County Department of Aging.

A bankruptcy, Harvel said, would give him a fresh start and peace of mind. After Harvel put away about $200 to pay for bankruptcy in recent months, Del Pizzo, the Dundalk lawyer, agreed recently to file the paperwork pro bono.

“Maybe I’ll start seeing a little bit of sunlight,” Harvel said.

Hanah Cho wrote this article as part of a MetLife Foundation Journalists in Aging Fellowship, a project of New America Media and the Gerontological Society of America.

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What’s a College Degree Worth These Days?


New America Media Commentary  by Kelly Goff

That seems to be the topic on everyone’s mind as millions of American students head toward graduation this month. And by everyone, I don’t mean my classmates, the ones who have scrimped, saved, borrowed and begged to pay for their degrees. I mean the professors, parents and education reporters who just can’t stop talking about how bleak the job market is for new graduates.

According to a recent Associated Press analysis of government data, 53.6 of bachelor’s degree-holders under the age of 25 are unemployed or underemployed. News flash: the job market is tough for everyone. It has been since before we entered college.

According to the Bureau of Labor Statistics, the unemployment rate in 2000 was at a 30-year low at 4 percent. We are now hovering around 8 percent, and that’s pretty positive. Still, in 2000, 41 percent of bachelor’s degree-holders under the age of 25 were unemployed or underemployed.

It’s not just college students being hit hard by the economy, or even being hit much harder, but it seems we are just a focus group that has been spotlighted. Maybe because we know this, and because we know that it’s going to be difficult, none of my classmates are asking each other where they’re going to be working after graduation, but rather we are asking each other what we’re going to be doing.

For some, it’s time to decompress, travel and start exploring the world. After navigating the labyrinth of paperwork and red tape of completing an ever-more-challenging requirement list, it’s time to take some time.

For others, yes, it’s time to work. And this may be at our retail, waitressing or freelance jobs. But if it pays the bills, then it’s ok for the time being.

No college degree can ever guarantee a job. And even if it does, it can never guarantee a job you’ll love. In a good job market or a bad job market, an education has more worth than the monetary value that a Gallup poll places on it, and the more I think about it, the more I begin to resent this monetization of the college experience.

Thirteen years after graduating high school, I’m about to finally obtain my bachelor’s degree. Perhaps because I took time off, went out there in the “real world” and found positions that were well-paying and didn’t require a college degree, it doesn’t feel like I’ve wasted my time or my money to get this degree. Those jobs might have paid the bills, but they didn’t make me happy.

As cliché as it may sound, the degree is about learning, about gaining knowledge and skills that will serve me well in any job that I do end up obtaining. Critical thinking, multitasking and the expansion of my worldview cannot be measured in a starting salary.

Yes, I might have to wait tables a little longer than I’d like, but if there’s anything that the last decade has taught me, it is that my degree holds more value than the dollar amount someone is willing to pay me just to see it on a resume.

It has also taught me that for those willing, able and determined, there is a place in the workforce. It may not be in their field of study, but it may be something that they love even more.

Those graduates who will get jobs are either in one of the few fields that have lots of openings, or the ones who are willing to try, try, and try again no matter how many rejections – or worse yet, unreturned phone calls – they must face.

They will take unpaid or low-paid internships (now that’s a whole other conversation) and hope to work their way up. They will sling burgers or fold cardigans until whatever debt they’ve accumulated is paid off, hopefully taking on projects that interest them on the side until they can secure a full-time position.

Despite all the reports of doom and gloom, don’t worry about us. We’re going to be just fine.

Kelly Goff is graduating from San Francisco State University with a degree in journalism. 

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Public Meeting to Discuss Jumoke-Milner Partnership


HARTFORD — Hartford School officials have scheduled a public meeting to discuss the closing of Milner Elementary School on Vine Street and its re-opening under the new management by Jumoke Academy.

Milner Core Knowledge Academy and the Jumoke Academy charter school, under the Education Reform package that was recently passed by the Connecticut General Assembly, will move forward with plans to “turn around” the school with low academic performance.

The community meeting is scheduled for May 30, 6:00 p.m at Milner School Auditorium at 104 Vine St.

Milner school has been underfunded for decades and is now one of the lowest performing schools in the city and the state.

 

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“Green” Rooftop Garden Atop Science Center


HARTFORD — You can now smell the roses atop the Connecticut Science Center.

The  Science Center has opened its “green” Rooftop Garden for the 2012 season.
The Rooftop Garden is the perfect space for visitors to experience native plants and green rooftop architecture or simply enjoy the sweeping views of the Hartford area and the Connecticut River.
The garden will be available for showcase to  more than 100,000 expected visitors this summer and fall, officials said.
Planned enhancements this season include a new water feature, seating, the creation of a Rooftop Garden Map & Guide, and enhanced signage. Using high-powered binoculars, visitors can get a new outlook on the area surrounding Hartford, including the Connecticut River.
The Rooftop Garden is open during regular operating hours, weather permitting, and is included with the purchase of General Admission or membership to the Connecticut Science Center.
For more information about the Connecticut Science Center, visit:http://www.ctsciencecenter.org/.

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Report: Aging Workforce Threatens State’s Economic Recovery


By Keith M. Phaneuf

HARTFORD — By the time the state’s plodding economic recovery finally takes off in 2014, it could be too late to compensate for an aging workforce closing in on its retirement, says a report released today by the University of Connecticut.

The Connecticut Center for Economic Analysis also repeated its call for state government to make smarter use of its business tax credits, arguing that unless Connecticut both recovers the jobs lost in the last recession and creates 50,000 new ones it won’t have enough jobs to entice youthful workers back to the Nutmeg State.

The university’s economic think-tank added that while initiatives of Gov. Dannel P. Malloy’sadministration — including the bioscience collaborative in Farmington and the small business loan express program — are “a good beginning,” by themselves they won’t come close to reversing Connecticut’s employment woes.

“If the state does not change its demographic trajectory, it faces a bleak future,” the center wrote in a report titled “Recovery Stirring, But Will Connecticut be Too Old to Compete?

Connecticut, which failed for decades to create new jobs while its young workers migrated away, “now confronts a rapidly aging population,” and a “dependency ratio — residents younger than 18 or older than 64 versus the working population — that grows dangerously.

The impending economic crisis lies hidden within Connecticut’s employment and demographic numbers of the past 35 years, the report states.

Connecticut has added 443,000 jobs since 1977. Yet it reached “full employment” — a macroeconomic term used when only a minimal level of systemic unemployment exists — only twice over that period, in late 1988 and again in 2000.

Looked at another way, the 1.63 million jobs currently in the state is about 80,000 below the job total 12 years ago.

While Connecticut’s working age population grew, jobs failed to keep pace, the report states. So the Nutmeg State’s young adults left, and the remaining workers got older.

And now, as new projections show that working age population poised to begin shrinking as more residents look toward retirement, does that mean lots of job opportunities for young workers?

Not necessarily.

The percentage of men — across nearly all age brackets but the oldest — seeking or holding jobs, has steadily declined, due in part to discouraging prospects.

“There is the potential for this outcome to be more sinister and prolonged than meets the eye,” the center wrote, noting that studies at UConn and elsewhere have illustrated “the symbiotic relationship between poverty and drug use among America’s poor, and has shown the lasting, debilitating effects of this pernicious trend.”

And “barring large waves of immigration, that supply of new labor force participants is limited,” the center wrote.

Unless and until Connecticut’s economic outlook changes, it likely can’t attract enough young workers to fill the high-quality jobs state officials seek to grow, the report adds.

“Recovery still is stirring, but without the robustness needed to restore reasonably full employment and household income,” the center wrote. And despite some positive signs now, “in the longer term, there is little to argue that this pattern will change.”

Residential housing building permits rose by 58 percent here during the first quarter of 2012 compared with the same period one year ago. “Yet permit numbers need to be taken with a grain of salt due to an unusually warm winter and because the value of residential construction permits rose only 16 percent,  signaling plans to build lower cost, smaller housing units,” the report adds.

The center is projecting “weak employment growth” until the beginning of 2014, with 30,000 to 35,000 new jobs being created between now and then. Construction and early hiring at The Jackson Laboratory and other projects related to the bioscience initiative at the UConn Health Center could add another 10,000 jobs, the report states.

But even if that happens, Connecticut still would have regained just over half of the 120,000 jobs it lost in the last recession. “No current policies or initiatives come close to reaching the goal in job creation that Connecticut must reach to address its demographic challenge,” the report adds.

Catherine Smith, Malloy’s economic development commissioner, responded that “clearly Connecticut’s economy is in much better shape today than it was even a year ago and the future looks a lot brighter too.  With credit conditions improving, unemployment down 20 percent since January 2011 — a 3 ½-year low — and more than 16,000 private sector jobs created, we have reason to be optimistic about the state’s long-term economic recovery. That said, the governor makes clear every day that we have a long way to go before anyone can feel satisfied with the state of the economy.

The center’s director, economist Fred V. Carstensen, arguably is Connecticut’s most vocal advocate for expanding the use of state tax credits to help companies relocate and expand.

And the report says that by embracing this strategy, state government could “vault (Connecticut) to the top of the growth charts and, critically, rescue it from its current bleak demographic trajectory.”

By tying credits to job growth targets, state officials could ensure that new income, sales and other taxes generated by new workers would offset the cost of any corporate tax relief provided to businesses.

“The job opportunities it opens up in Connecticut,” the report adds, “would surely draw in those new workers and younger population the state must attract to secure its economic future.”

But Smith said “Mr. Carstensen’s assertion that unleashing stranded tax credits is the cure-all for our economy is off the mark.  These credits are not ‘entirely self-funding’ because they reduce state revenue when redeemed and there is no evidence that the holders of unredeemed credits would take advantage of Professor Carstensen’s scheme at all, much less at a level that would create tens of thousands of new jobs.”

The commissioner added that Connecticut’s economic turnaround will depend on “a comprehensive, strategic approach that addresses all the issues that make us more attractive to workers and companies alike, including education, economic development, housing, innovation, and  worker training — something the governor has long been committed to.”

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To be fair this only applies

Submitted by artythesmarty on Thu, 05/24/2012 – 6:00am.

To be fair this only applies to private sector workers. As i am 55, most police/fire I know are already retired and the teachers are 3-5 yrs away. Ditto state workers. Maybe the people moving out will allow all the UTC workers, IT, Insurance etc who have been flatlined for the past 25 years to at least build a little more cash for retirement. It is interesting to know that jobs peaked in 89- what’s a quarter century between friends. Basically the income tax killed Conn(sucked money out of workers to Hartford and schools).

This article was first published on Ctmirror.org

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