January 10, 2012
From The Federation of Connecticut
Taxpayer Organizations, Inc.
Contact Susan Kniep, President
Website: http://ctact.org/
Email: fctopresident@aol.com
Telephone: 860-841-8032
Answering The State's Biggest
Challenge: Jobs
State's cash flow problem sparks partisan feud
Walmart Blacklisted By Major Pension Fund Over
Poor Labor Practices
NEW: State police investigating possible
corruption in New London department TheDay.com
Jan 7, 2011 State police today
seized a police vehicle and several pieces of evidence as part of an ongoing
investigation into possible corruption in the New London Police Department,
according to a press release from New London Mayor Daryl Justin Finizio. In a press conference Friday, the mayor announced
that Officer Joshua Bergeson had been fired after a
hearing to review his role in the Dec. 14 beating of Reuben Miller outside the
Southeastern Council on Alcohol and Drug Dependency facility on Coit
Street. Continued at ….. http://www.theday.com/article/20120107/NWS01/120109729/1047/NWS
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The Recess Appointment(s) Obama Hasn't
Made by Marian Wang | @mariancw A move by President Obama
this week to proceed with a handful of recess appointments [1]
has top GOP leaders crying foul, complaining that the move is questionably legal [2] because it ignores a
clever procedural technicality used by Republicans to prevent such
appointments. But if the White House feels confident enough in the legality of
its actions and has chosen to brave the political criticism and risk legal challenges [3], it's worth noting that
it's only done so with four appointments. According to the White House,
more than 180 nominees are currently pending before the Senate. And Ezra Klein,
writing for the Washington
Post, notes [4] that there are empty seats on the
Federal Reserve’s Board of Governors and at key banking regulators. In
particular, the Federal Housing Finance Agency, the regulator of Fannie Mae and
Freddie Mac, has for years had an acting director who has opposed more aggressive help [5] for homeowners
facing foreclosure -- measures such as cutting mortgage debt for borrowers who
owe more than their homes are currently worth, provided that doing so makes
financial sense Continued at …. http://www.propublica.org/article/the-recess-appointments-obama-hasnt-made
Related: Fight Over Obama's Recess Appointments Puts Stranglehold on Key FinReg, Labor Nominees
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Medtronic paid millions to influential UW chairman By
John Fauber
of the Journal Sentinel Paul Anderson, an orthopedic surgeon at the University
of Wisconsin-Madison, gets so much money from the medical device firm Medtronic
that the university put its most stringent oversight on the relationship. One
of the requirements is that Anderson, who has received $225,000 in consulting
fees from Medtronic in 2008 through 2010, has to meet annually with his
department chairman to review the relationship and its potential influence on
his university activities. But the chairman, Thomas Zdeblick,
got more than 25 times that amount from Medtronic himself during the three
years. And a new accounting by the Journal Sentinel and MedPage
Today shows he received more than $25 million in royalties from the company
since 2003. What's more, UW Hospital spent $27 million for Medtronic spinal products
from 2004 to 2010, according to documents obtained through an open records
request. And Zdeblick, a renowned spinal surgeon, has
co-authored several positive research papers about the company's spine
products. Continued at …. http://www.jsonline.com/watchdog/watchdogreports/medtronic-paid-millions-to-influential-uw-chairman-ca3c6nn-136240963.html
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Living in poverty but feeding the rich By Wayne Drash, CNN updated 9:11 AM EST, Tue January 10, 2012 It hurts because it's a constant reminder of the couple's
shattered dreams. The Bryants used to make $40,000,
lived in their own home and gave to others. Now they live below the poverty
line in the city with the widest income gap between rich and poor than anywhere
else in the nation. They're among the millions
of Americans who fell out of the middle class.
Read complete article at
http://www.cnn.com/2012/01/08/us/income-gap-profile/index.html?hpt=hp_c2
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Most schools still resist
push for longer school time By Jacqueline Rabe
Thomas and Caitlin Emma
CTMirror.org When it came time for Tyrone Almonte to decide
where he wanted to go to high school, he had plenty of magnet schools to select
from in the Hartford region. He chose Greater Hartford Academy of Math and
Science -- a school not only with significantly higher achievement rates than nearby schools but also one of a
handful of schools in the state with a longer school day than the required
state minimum. Continued at ….. http://www.ctmirror.org/story/14913/despite-push-and-spending-extended-school-day-and-year-instruction-time-remains-flat
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Public Employee Unions:
The Year in Review (blog - Mary Pat Campbell / The Conservatory)
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Oil Industry
Warns Obama: "Huge Political Consequences"
if Pipeline Rejected Read the Article at The Hill
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The Yaz Men: Members of FDA panel reviewing the risks of
popular Bayer contraceptive had industry ties Jan 9, 2012 By Jeanne Lenzer and Keith Epstein
Last month, the U.S. Food and Drug Administration convened a committee
of medical experts to weigh new evidence concerning the potential dangers of drospirenone, a synthetic hormone contained in popular
birth control pills including Bayer AG’s Yaz and Yasmin. In a decision that helped ensure the continued
presence of these drugs on American pharmacy shelves, the committee concluded
by a four-vote margin that the benefits of drugs with drospirenone
outweigh the risks. However, an investigation by the Washington Monthly and the
British medical journal BMJ has found that at least four members of the
committee have either done work for the drugs’ manufacturers or licensees or
received research funding from them. The FDA made none of those financial ties
public. http://www.washingtonmonthly.com/ten-miles-square/2012/01/the_yaz_men_members_of_fda_pan034651.php
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Connecticut Lawmakers Say List of Personal Care Attendants Doesn’t Belong
in Union Hands by Hugh McQuaid | Jan 9, 2012
5:30am Posted to: Labor | Legal Two Republican lawmakers urged the
governor’s administration Friday to refrain from handing over a list of
personal care attendants to a union. But the Malloy administration says it is
already publicly available information. Continued At ….. http://www.ctnewsjunkie.com/ctnj.php/archives/entry/lawmakers_say_list_of_personal_attendants_doesnt_belong_in_union_hands/
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RealClearMarkets - Tracking the Unreported (15.6%) Unemployed
By Aparna Mathur & Matt Jensen Jan 4, 2012
The last three years
have seen some of the highest unemployment rates reported since the Great
Depression. The official rate moved from 5 percent in January 2008 to a high of
10.1 percent in October 2009, and a current rate of 8.6 percent. It rests 3
points above the 1948-2007 average of 5.6 percent. Unfortunately, the reality
is even worse than these numbers suggest. This is because of the way the Bureau
of Labor Statistics calculates the official unemployment rate. …. As a
consequence, the official rate excludes workers who have decided to drop out of
the labor market altogether because economic conditions have discouraged them,
or for other reasons. The official rate also ignores those who settle for
part-time work since they are unable to find a full-time job. Read complete article at …..
http://www.realclearmarkets.com/articles/2012/01/04/tracking_the_unreported_156_unemployed_99440.html
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Thomas case shows poor DC accounting,
Democrats' silence on corruption Washington
Post Jan 7, 2012 And it highlights anew
the tendency in much of the city's Democratic political establishment to ignore
— or at least minimize — evidence of political corruption. Continued at ….. http://www.washingtonpost.com/local/thomas-case-shows-poor-dc-accounting-democrats-silence-on-corruption/2012/01/06/gIQAvvjXhP_story.html
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Special Report: Did NJ property tax
reform help most taxpayers?
The Star-Ledger - NJ.com Jan 8, 2012 Chris Christie
has made reining in property taxes a big goal of his administration. “When you
think that in the 10 years before I became governor, property taxes went up 70
percent in 10 years and now people are talking about 2-and-change increase,
that’s great progress and progress that nobody else before we got here created
in this state." http://www.nj.com/news/index.ssf/2012/01/nj_property_tax_increase.html
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Full-Blown Civil War Erupts On Wall Street - Financial Elite Start ...
Turning On Each Other By David
DeGraw - ampedstatus.org
The lawsuits are piling up fast. Here’s an
extensive roundup: Continued at ….. http://wakeup-world.com/2011/09/06/full-blown-civil-war-erupts-on-wall-street-financial-elite-start-turning-on-each-other/#comments
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Fraud and folly: The untold story of General Electric’s
subprime Market ... Ex-employees
say GE ignored warnings from whistleblowers
The Center for Public Integrity By Michael Hudson 6:00 am, January 6, 2012 Updated: 10:59 am,
January 6, 2012 For General Electric Co., hawking subprime
mortgages was a long way from making light bulbs and jet engines. That didn't stop the industrial giant from
jumping into the subprime business in 2004, lending
blue-chip respectability to the market for risky home loans by paying roughly
half a billion dollars to buy California-based WMC Mortgage Corp. What GE got in the bargain, former WMC
employees say, was a place where erstwhile shoe salesmen, ex-strippers and even
a former porn actress could sign on as sales reps and make big money pushing
home loans. WMC's top salespeople earned a million
dollars a year or more and lived fast, swigging $1,000 bottles of Cristal and wheeling around in $100,000 Ferraris and
Bentleys. In pursuit of these riches and
perks, several ex-employees claim, many WMC sales staffers embraced fraud as a
tool for pushing through loans that borrowers couldn’t afford. Continued at ….. http://www.iwatchnews.org/2012/01/05/7802/fraud-and-folly-untold-story-general-electric-s-subprime-debacle
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Unequal Risks and Benefits for Citizens in Six States on Keystone ...
XL Pipeline Route By Lisa Song, InsideClimate News
TransCanada
getting 10-year tax holiday in Kansas but
could pay $63 million a year into Montana’s
coffers. Jan 5, 2012 Read complete article at http://insideclimatenews.org/news/20120105/landowners-keystone-xl-pipeline-taxes-environment-transcanada-nebraska-texas-montana-kansas-oklahoma-south-dakota
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Lawsuit: DSS understaffing
produces illegal delays for Medicaid applicants By
Arielle Levin Becker on January 9, 2012 The state Department of Social
Services has failed to employ enough workers to process Medicaid applications
in the timeframe required by federal law, leaving thousands of low-income
residents without access to health care coverage, legal aid attorneys alleged in
a federal class action lawsuit filed Monday.
Read more http://www.ctmirror.org/story/14993/lawsuit-dss-understaffing-produces-i...
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Ex-Hartford mayor asks court to
overturn corruption convictions,
alleging ...Mistakes
By Judge Read article at http://www.therepublic.com/view/story/e87c3b599f8646afaa2e1a92783ed9df/CT--Hartford-Corruption/