Family leave law expansion mulled: The paid-family-leave program that the governor suspended to save money could reappear, only bigger. It would be paid for with a 2-cents-an-hour payroll tax on most employees. Any such tax would have to be approved by voters, but the chairwoman of the state Senate Health Care Committee is confident that the pubic would approve it.
New jobless claims rise more than expected to 589K: The number of new unemployment claims jumped more than expected last week, as companies continue to cut jobs at a furious pace and more Americans turn to an extended benefits program.
What Obama Must Do: An open letter to the President from Paul Krugman.
Zarelli proposes amendment to increase rainy-day fund: Sen. Joe Zarelli, R-Ridgefield, today proposed an amendment to the state Constitution that could beef up the state rainy day fund by requiring that a portion of state tax revenue growth during economic boom times be transferred into the reserve account.
Microsoft Plans to Lay Off 5,000 Workers: Microsoft stunned its investors on Thursday, announcing the first broad layoffs in its history and offering a pessimistic forecast for the second half of its fiscal year.
Growing Need for Medicaid Strains States: Medicaid rolls are surging, by unprecedented rates in some states, as the recession tightens its grip on the economy and Americans lose their employer-sponsored health coverage along with their jobs.