Fool’s gold? CFTC says 12 firms sell phantom metals

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The CFTC is cracking down on firms playing up demand for metals during these uncertain economic times. The U.S. Commodity Futures Trading Commission announced Wednesday, it filed a civil injunctive enforcement action in the U.S. District Court for the Southern District of Florida against 12 firms and their executives for fraudulently marketing illegal, off exchange […] [Read More]

State has $1.8 million for Sandy-related work program

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The Connecticut Labor Department has received $1.8 million in funding for a temporary work placement program for clean up, demolition, repair and reconstruction of damaged public structures. Only people who became unemployed as a result of Sandy or were unemployed prior ot the storm and no longer receive unemployment benefits or other income support are […] [Read More]
Categories: Economy, General, Labor

Sikorsky’s $3.5 billion CH-53K program enters test phase

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The new Super Stallion is ready for lift-off, sort of. Sikorsky announced Tuesday the first prototype CH-53K being developed for the Marines has rolled off the assembly line in Florida and been delivered for tests. This is a ground test vehicle, which will be harnessed to earth for much of its existence where 1,300 sensors […] [Read More]
Categories: Defense, Sikorsky