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Old 08-23-2013, 10:29 PM
 
Location: NJ
18,677 posts, read 16,796,358 times
Reputation: 7279
Quote:
Originally Posted by htfdcolt View Post
I think this quote by UTC's CFO says it all:

"The fact is, restructuring is a way of life here at UTC," Hayes said. "It's how we drive productivity."

Pratt & Whitney layoffs: Pratt Cuts 400 Jobs, About Half In Connecticut - Courant.com

Again, from an investor's point of view, hard to argue with the results. Their stock is at an all-time high, and never took the beating that say, GE's did. But if you're an employee...buyer beware.
Electric Boat To Lay Off Nearly 500 Employees - Courant.com

This is even more severe.
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Old 08-24-2013, 05:04 AM
 
2,546 posts, read 2,514,618 times
Reputation: 1428
Bobtn, I just saw this news. It's not good sign for the SE region that has been just plagued in rough times (from Pfizer to EB). That is a total of 700+ good jobs lost in the past 2 weeks between EB and P&W. Meanwhile we added 11,700 jobs in July which if you read are mostly part-time jobs. This is a huge red flag that the State should see.

Also, I was reading an article on Malloy's recent claim about job creation and something caught me as odd. Many of the newspapers are claiming he cut the State Employee Workforce by 1,200 jobs. But what they forget to mention is that Mohegan Sun & Foxwoods employees are counted under State Employees numbers. The major layoffs at these two casinos would have contributed to that employee job lost.
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Old 08-24-2013, 05:43 AM
 
Location: New London County, CT
8,950 posts, read 10,026,967 times
Reputation: 5103
Quote:
Originally Posted by Mr_250 View Post
Mohegan Sun & Foxwoods employees are counted under State Employees numbers.
If this is true, why?
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Old 08-24-2013, 06:11 AM
 
Location: Connecticut
25,468 posts, read 41,302,431 times
Reputation: 7443
Quote:
Originally Posted by mlassoff View Post
If this is true, why?
Yeah, that does not sound right to me. They are not state employees. Where did you get that from Mr. 250? Jay
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Old 08-24-2013, 12:52 PM
 
2,546 posts, read 2,514,618 times
Reputation: 1428
I have heard this from many people (one of whom is my brother who was a Foxwoods employee). I will do my research and get you a more source.
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Old 08-28-2013, 02:22 PM
 
2,546 posts, read 2,514,618 times
Reputation: 1428
Interesting Chart to take a look at. CT is rated dead last again...

Moody’s upgrades state outlooks
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Old 08-28-2013, 03:18 PM
 
1,679 posts, read 2,536,405 times
Reputation: 1289
Economy is horrible

Malloy raised taxes then he increased spending by 10%

We have body of state representatives that are >80% democrat

Tax and spend tax and spend...

Yup CT is in a lot of trouble
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Old 08-29-2013, 05:45 PM
 
Location: Midtown
1,459 posts, read 861,943 times
Reputation: 1114
The alternative is what?

Cut taxes, slash services, and hope the Republican ideology of money coming down from the top saves all of Connecticut ; )

Connecticut is experiencing on a larger scale what small CT towns have done to cities like Hartford. The grass is always greener and the taxes cheaper in smaller suburban towns. Now the whole state is experiencing the same.
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Old 08-30-2013, 04:43 PM
 
2,546 posts, read 2,514,618 times
Reputation: 1428
Makes me sad on two levels. One it is a great company (known world wide) from my Hometown and two because its a loss of expansion jobs we in CT could use right now.

This makes 3 gun manufactures that have either left or expanded into others States. (PTR, Ruger and Now Stag). What concerns me is that other companies they are suppliers to these companies who are local will be hurt. Wonder when Colt will relocate/expand to Texas (I heard they are building a brand new facility down there).

Malloy is a great Governor for the Carolinas.

MYRTLE BEACH: Stag Arms to decide in September on new location | Business | MyrtleBeachOnline.com
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Old 08-30-2013, 05:28 PM
 
2,805 posts, read 2,598,788 times
Reputation: 1252
Quote:
Originally Posted by GoHuskies View Post
The alternative is what?

Cut taxes, slash services, and hope the Republican ideology of money coming down from the top saves all of Connecticut ; )

Connecticut is experiencing on a larger scale what small CT towns have done to cities like Hartford. The grass is always greener and the taxes cheaper in smaller suburban towns. Now the whole state is experiencing the same.
Because the government is such an efficient allocator of resources? You really think historic tax raises coupled with an increase in government spending is appropriate during the worst downturn since the Great Depression? I have no problem with raising taxes when the economy is doing well, but to raise taxes when its as bad as its been in generations makes no sense. The best course would have been to cut taxes across the board, putting more money in everyone's pockets to stimulate the economy.
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