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Democratic jobs bill targets bonuses, but legality, effectiveness questioned

A bill backed by 19 Senate Democrats would tap “excessive” executive bonuses to support job creation in the state, backers told a legislative committee Monday. But critics, including legislative Republicans and the business community, said there are significant constitutional questions about the measure, and the added tax would drive businesses out of state. “Do not […]

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Bipartisan effort to regulate banks’ handling of foreclosures

Frustration with how big banks handle foreclosures has united Democrats and Republicans behind a bill intended to force financial institutions to work with mortgage holders. Banks frequently fail to designate a contact person on foreclosures, leaving homeowners to repeatedly begin the process of working out their troubled loans, legislators said. “This is a much-needed measure,” […]

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House speaker is a budget optimist despite dismal economic forecasts

Economists say Connecticut will continue to lose jobs for another two years. His own analysts are predicting that the next governor and legislature will face a $3.8 billion deficit, an astonishing 20 percent hole in the state budget. But House Speaker Christopher G. Donovan is bullish on Connecticut’s economy. In speeches to skeptical business groups […]

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State ethics chairman violates ethics rules by donating to GOP candidates

The chairman of the state’s ethics panel violated state law by donating $250 to Republican Gov. M. Jodi Rell and two other Republican candidates vying for the legislature in 2008, reports the Office of State Ethics. G. Kenneth Bernhard, chairman of the Citizen’s Ethics Advisory Board and an attorney from Westport, said he was “unaware […]

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Here’s a lineup: Nine would-be governors debate in Stamford

STAMFORD — Ten were invited. Nine showed up. Five Republican and four Democratic contenders for governor came here in the snow this morning to answer one question: “Who will lead Connecticut’s recovery?” The Business Council of Fairfield County heard a broad consensus on the state of government in Hartford: Common adjectives were “broke” and “out […]

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