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

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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

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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

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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

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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