Rising college costs could generate $20 billion a year in loans

SNL Financial is predicting the cost for higher education will leave students about $15 billion to $20 billion a-year short in funds opening the door for a small number of big lenders to profit on student loan originations. In a post election analysis if the student loan market, SNL found that Sallie Mae, Discover and […] [Read More]

Pitney Bowes selects ex IBMer as new CEO

Pitney Bowes announced Monday former IBM executive Marc B. Lautenbach has been installed as the president and and chief executive officer of the Stamford-based business technology company. Pitney Bowes, best known for its mail machinery, has been transitioning into a technology-focused business rolling out software and hardware communication solutions for business customers of multiple sizes. […] [Read More]
Categories: General, Wall Street

NU job cuts finally annoy AG

So, it’s not just a procedural problem? Who would have thunk it? Attorney General George Jepsen is questioning Northeast Utilities’ compliance with a state agreement requiring the utility to notify officials of any layoffs that occur as a result of the merger with Mass.-based NSTAR. The AG, with State Consumer Counsel Elin Swanson Katz, filed […] [Read More]
Categories: Economy, General, Labor

Starting over: Job polarization tugs economy

The Connecticut Labor Department reported Monday the state’s middle-wage jobs have borne the brunt of job losses during the last few years. While higher income jobs, those earning more than $3,333 a month, saw their share of all wages rise to 49 percent from 39 percent between 2002 to 2010, the take of income for […] [Read More]
Categories: Economy