Pilot dies in Texas plane crash : Cessna 421

Pilot dies in Texas plane crash, alone on board WELLS, Texas (AP) - Officials say the pilot of a twin-engine plane died in a fiery East Texas crash during a flight from Houston to Oklahoma. Department of Public Safety Trooper David Hendry said Tuesday the pilot, whose name wasn't immediately released, was alone on board. The Federal Aviation Administration says searchers found the Cessna 421 wreckage Monday night in a field near Wells, about 140 miles northeast of Houston. The plane was en route from West Houston Airport to Tulsa Riverside Airport when contact was lost around 9:30 p.m. Monday amid possible bad weather. A National Transportation Safety Board spokesman says their investigators arrived Tuesday. Authorities confirm Traer man killed in small plane crash Waterloo Cedar Falls Courier 11 a.m. - TRAER, Iowa --- A plane crash that killed a Traer pilot and injured his passenger occurred when the craft struck utility line, according to the Federal Aviation Administration. The official cause of the accident, which happened on the edge of ... See all stories on this topic »

Plane crashes near Blair auto dealership Lincoln Journal Star A Washington County emergency dispatcher confirmed that the plane went down at about 5:30 p.m. Thursday near U.S. 30 and Nebraska 133, on the city's southern edge. Witnesses say the plane crashed into a hill known as "Truck Mountain," where a local ... See all stories on this topic »

French court overturns Continental Airlines' conviction in crash of supersonic ... Washington Post Parties including Air France and Continental compensated the families of most victims years ago, so financial claims were not the trial's focus — the main goal was to assign responsibility. In France, unlike in many other countries, plane crashes ... See all stories on this topic »

Experimental aircraft buffs shocked at Ore. crash; popular plane described as ... The Republic PORTLAND, Oregon — The crash of a two-seater experimental airplane this week in the Willamette Valley has shocked people who build their own aircraft from kits or plans. They consider the planedesigned by an Aurora company, Van's Aircraft, one of the ... See all stories on this topic »

'Flight' crash lands & 'Red Dawn' not worth its $1M makeover Clarksdale Press Register “Flight”: Commercial pilot Whip Whitaker (Denzel Washington) pulls off a major miracle by crash-landing a badly damaged jetliner and saving the majority of its passengers. The following investigation reveals Whitaker was legally drunk at the time of ... See all stories on this topic »

New plane travel policy proposed at Oklahoma State SI.com The crash that killed Budke, assistant coach Miranda Serna, pilot Olin Branstetter and his wife, Paula Branstetter, was the second plane crash tragedy to affect Oklahoma State in 11 years. More College Basketball. Latest College Basketball News. Seth ... See all stories on this topic »

Today in Dallas photo history – 1949: 28 die in plane crash at Dallas Love Field Dallas Morning News (blog) This picture of the American Airlines plane crash Wednesday shows the path of the big DC-6 as it fell in the northwest end of Love Field, killing twenty-eight persons. Photo by Squire Haskins. From The Dallas Morning News, November 30, 1949. WORST ... See all stories on this topic »

UMaine holds service for 3 killed in plane crash Boston.com More than 500 people gathered for a memorial service at the University of Maine Tuesday night to honor three fraternity brothers killed in a plane crash. Members of the university's Greek community, students, faculty, and staff packed an auditorium to ... See all stories on this topic »

1 dead in plane crash near Yuma TriValley Central YUMA — The Yuma County sheriff's office says one person has been found dead after a small civilian plane crashed on a military bombing range in southwestern Arizona. The single-engine plane was found by U.S. Border Patrol agents Wednesday morning ... See all stories on this topic »

Global Recession Warning from OECD

Protesters march through Dublin ahead of Ireland's sixth straight austerity budget. Photo / AP
The global economy could slide back into recession if its major problems like US budget standoffs and Europe's lack of jobs are left to fester, a leading international economic body said yesterday.

In its half-yearly update, the Organisation for Economic Cooperation and Development warned that the recovery will be "hesitant and uneven" over the coming two years and that a new major contraction cannot be ruled out.

"The world economy is far from being out of the woods," OECD Secretary-General Angel Gurra said. "Governments must act decisively, using all the tools at their disposal to turn confidence around and boost growth and jobs in the United States, Europe and elsewhere."

Gurria's downbeat assessment came as the OECD published a glum set of predictions. Though the world economy is expected to grow by 3.4 per cent next year, up from 2.9 per cent this, the numbers mask big divergences around the world.

Though countries like China, Brazil and India are expected to see growth pick up, the more established economies remain stuck in a rut.

In particular, the OECD was gloomier about Europe than in its last forecast six months ago, saying "the greatest threats to the world economy" lie in the 17-country eurozone, which continues to grapple with a debt crisis after three years.


A deep global recession is also possible, it said, if the European crisis doesn't stabilise.

The OECD is now predicting a 0.4 per cent contraction this year for the eurozone, worse than May's 0.1 per cent forecast.

For next year, it's forecasting a further 0.1 per cent fall, in contrast to the previous prediction of 0.9 per cent growth.

It also downgraded its forecasts for the US economy and warned that it could be worse if the White House doesn't clinch a deal with lawmakers on the budget. Assuming a deal is thrashed out, the OECD has pencilled in growth of 2 per cent for the US next year, down from a forecast of 2.6 per cent in May.

The OECD cautioned that growth outside the OECD, which comprises 34 developed economies mostly in North America and Europe, would be slightly faster but crimped by Europe's troubles.

The OECD also warned the US and Europe against cutting spending too quickly, saying that could further hurt growth prospects. It suggested countries such as Germany and China could provide fiscal stimulus to boost growth.

Padoan expressed concern about the so-called fiscal cliff in the US, automatic tax increases and steep spending cuts that take effect in January unless President Barack Obama and Congress reach a budget agreement.

"If the fiscal cliff is not avoided, a large negative shock could bring the US and the global economy into recession," Padoan said.

The report argues for "measured" spending cuts and tax increases.

The report warned that unemployment would continue to rise in the eurozone from 11.1 per cent this year to 12 per cent in 2014, but that the rate in the US would gradually decline to 7.5 per cent in 2014.

Slovenia's Economy Is in Recession as Consumption Slumps Businessweek Slovenia's economy slid into its second recession in three years as exports to Europe eased and consumption slumped following a government austerity program, a survey of economists showed. Gross domestic product contracted 2.3 percent from a year ... See all stories on this topic »

'Conscientious consumption' survives recession USA TODAY Corporate giving fell in 2009 in the wake of the Great Recession, according to an annual survey of 144 companies by the Committee Encouraging Corporate Philanthropy (CECP) a non-profit that helps companies with their giving. But in its most recent ... See all stories on this topic »

Italy Business Confidence Rises After Economic Recession Eased Bloomberg Italy entered the recession in the fourth quarter of 2011 as the global slowdown aggravated the effects of waning productivity and tax increases and public spending cuts passed by Prime Minister Mario Monti's government to contain the euro-region's ... See all stories on this topic »

UPDATE 1-Euro zone economic mood cheers up a little in November Reuters BRUSSELS, Nov 29 (Reuters) - Economic morale in the euro zone improved for the first time in almost a year in November, but industry's reluctance to invest next year bodes poorly for a quick recovery from recession. Sentiment towards the bloc's economy ... See all stories on this topic »

Global recession warning New Zealand Herald The global economy could slide back into recession if its major problems like US budget standoffs and Europe's lack of jobs are left to fester, a leading international economic body said yesterday. In its half-yearly update, the Organisation for ... See all stories on this topic »

The Coming Recession Motley Fool With the U.S. Congress still struggling to resolve what has come to be known as the "fiscal cliff" before the deadline passes and we all plunge over the precipice, there has been a lot of talk and official prediction related to a coming U.S. recession ... See all stories on this topic »

Green Energy: The Answer to the Recession That Could Be Implemented ... PolicyMic What they have failed to notice is that this is not a recession. It's a brand new economy and this economy will center on energy. The nation that dominates the harvesting of cleaner, cheaper energy will dominate the globe in the 21st century. Every... See all stories on this topic » PolicyMic

ACHUTHAN: I Have One More Month On My Recession Call Business Insider ECRI's Lakshman Achuthan is on Bloomberg Surveillance with Tom Keene, vigorously defending his recession call, which many have called dead wrong. In case you're catching up, back in September 2011 Achuthan predicted the U.S. would go into ... See all stories on this topic » Business Insider

OECD says chance of quick Spain recovery 'remote' Business Recorder (blog) "The economy is undergoing a prolonged recession," the Organisation for Economic Cooperation and Development said in a report, citing the 2008 global financial crisis and the bust of a Spanish housing boom. "The prospect of an immediate recovery ... See all stories on this topic »

The Economics of the Cloud Computing in action

27 November: Google is expanding its infrastructure-as-a-service cloud computing platform into Europe and cutting the price of its cloud-based storage by 20%. From December 1 the price for up to 1TB of storage will be reduced by $0.025 per month to $0.095. This is $0.025 cheaper than Amazon's equivalent S3 storage cloud.

29 November: In response to Google's announcement, Amazon is cutting S3 pricing by about 25% across the board, effective from 1 December. Customers will be able to store data in the cloud for about $0.09 per gigabyte.

28 November: Windows users can expect a 15% increase in the cost of licensing key Microsoft products as the software giant raises its prices. From December 1, Microsoft will increase the price of per-user licensing of several products including Exchange, Lync, Windows Server and Terminal Services.

Here we have the co-existence of two eras of information technology - the question it poses is how long can that co-existence continue?

The commoditisation of computing power and storage through the cloud is spreading at pace, bringing increased competition, driving down prices and improving service levels. It's happening now - Amazon says that at the latest count S3 stores 1.3 trillion objects and receives 800,000 requests per second. That's not a niche or specialist business, it's mainstream computing.

Microsoft, meanwhile, unilaterally puts up prices, because it can. Earlier this year, the software giant increased its volume licensing prices to corporate customers by up to 25%. Why? Because it can. But the firm also cut the costs of its cloud-based Azure and Office 365 products. Why? Because it had to. That's what competition and commoditisation forced Microsoft to do.

It won't take long for IT leaders to notice the difference in competitive behaviour of old era suppliers such as Microsoft, and compare with their new era suppliers such as Amazon and Google. It might take them a lot longer to ditch the old and switch to the new, but with economics like those described above, it is inevitable.

Microsoft isn't the only one - SAP and Oracle have both come under fire from customers over their pricing policies.

The difference is that as these established suppliers grow, so they put their prices up further or make their terms more complex. In the cloud, the more you grow, the greater the economies of scale, and the more you can pass those on to customers in the form of lower unit prices.

Forget the issues of functionality, of branding or legacy that protect the user base of large suppliers. They are, ultimately, transient. It is simple economics that demonstrates the scale of the changes that the cloud is going to bring, at increasing pace, to IT spending priorities in the next five years.

Researchers Steal Cloud Computing Power Via Browsers InformationWeek Computer scientists at North Carolina State University and the University of Oregon have demonstrated that it is possible to conduct large-scale cloud computing tasks anonymously at no cost by abusing cloud-based browsers, such as Amazon Silk, Cloud ... See all stories on this topic »

Private cloud does not bring full benefits of cloud computing, says AWS ComputerWeekly.com Amazon Web Services, the biggest public cloud service provider, has hit out at private cloud providers, claiming private cloud users are not achieving all the benefits of cloud computing at its first user conference AWS re: Invent. Andy Jassy, senior ... See all stories on this topic »

The economics of the cloud in action ComputerWeekly.com (blog) 27 November: Google is expanding its infrastructure-as-a-service cloud computing platform into Europe and cutting the price of its cloud-based storage by 20%. From December 1 the price for up to 1TB of storage will be reduced by $0.025 per month to ... See all stories on this topic »

Hybrid Mobile-Cloud Computing: Driving the Future of Enterprise Mobility Sacramento Bee Hybrid Mobile Cloud (HMC) computing represents a systems in which a local, native mobile application with a great user interface, is married with cloud computing to provide an intelligent and scalable solution that is better than either native mobile ... See all stories on this topic »

Amazon's cloud chief targets "old guard" tech giants Hindustan Times Amazon.com Inc's cloud computing division is going after big corporate customers, a new focus that will put the fast-growing unit into direct competition with some of the world's largest technology companies. Andy Jassy, head of Amazon Web Services or ... See all stories on this topic »

Cetrom Named to Future 50 for Growth in Cloud Computing Services by ... Equities.com Cetrom Information Technology, Inc. (Cetrom), a Cloud Computing pioneer and a leader in custom Cloud Management for global SMBs, today announced it has been named as one of SmartCEO's Future 50 award winners for 2013. The Future 50 Awards ... See all stories on this topic »

CBA saves millions from cloud services The Australian COMMONWEALTH Bank has saved tens of millions of dollars over the past 12 months thanks to Amazon Web Services' cloud computing capabilities. The news comes as CBA plans to officially launch its Kaching Facebook app for payments early next year. See all stories on this topic »

Workday Sales Beat Estimates on Cloud-Computing Demand Businessweek Workday Inc. (WDAY), a maker of Web-based human-resources software, reported third-quarter revenue that beat analysts' estimates as more companies switched to its cloud-computing tools to manage their workforces. In its first quarterly report since ... See all stories on this topic »

Cloud Computing In FMCG Sector CloudTweaks News Advent of Cloud Computing has changed the scenario for all kinds of companies in FMCG sector. Combination of BI and ECM, popularly known as Enterprise Information Management (EIM) is considered as future trend and with Cloud computing, it will bring ... See all stories on this topic »

Who Will Win The Google-Amazon-Microsoft Cloud Computing Price War? ReadWriteWeb Share on: Who Will Win The Google-Amazon-Microsoft Cloud Computing Price War? Prices for Infrastructure-as-a-Service (IaaS) cloud-computing platforms are falling as vendors vie to attract developers and other customers. See all stories on this topic »

Kingfisher Misses Estimates as Sales Drop in France, Britain

Irish Times

Kingfisher caned by currency fluctuations Proactive Investors UK ... our third quarter, one of our most significant trading periods in the year. Our markets remain challenging, with consumer confidence still weak and so we maintain our strong focus on margin, costs and cash," said Ian Cheshire, chief executive of ... See all stories on this topic » Proactive Investors UK

Kingfisher: What the analysts say Retail Week “We said yesterday that the best investor relations team in the industry would surely engineer a top-of-the-range third quarter outcome today at Kingfisher, so we have to take our hats off to them for presenting a bottom-of-the-range outcome of £257m ... See all stories on this topic »

Kingfisher Misses Estimates as Sales Drop in France, Britain Businessweek Kingfisher's markets “remain challenging, with consumer confidence still weak,” Chief Executive Officer Ian Cheshire said. The CEO is seeking to protect profit by directly sourcing more products from suppliers and adding common product ranges across ... See all stories on this topic »

Kingfisher suffers earnings fall Financial Times Kingfisher suffers earnings fall. By Louise Lucas. Kingfisher, the owner of the B&Q home improvement chain, reported a 5.9 per cent drop in third-quarter earnings before interest and tax to £257m, as French and British consumers downed tools. The ... See all stories on this topic »

Kingfisher says budget uncertainty hitting France Reuters UK LONDON (Reuters) - Kingfisher (KGF.L), Europe's biggest home improvements retailer, said uncertainty over the French government's budget plans had knocked consumer confidence in its largest market, as it posted a 6 percent drop in quarterly profit. See all stories on this topic »

B&Q and Castorama owner Kingfisher dips on cautious outlook The Guardian (blog) Kingfisher, the owner of B&Q in the UK and Castorama in France, continues to struggle with tough markets, and its latest results have done little to dispel the gloom. With falling revenues in both its main markets, its like for like sales for the third ... See all stories on this topic »

B&Q owner Kingfisher warns of "opaque" outlook Telegraph.co.uk Kingfisher, which also owns Screwfix, said like-for-like sales in the UK fell by 3.8pc in the 13 weeks to October 27. This compares to a 5.5pc drop in the first half of the year, when B&Q sales were dragged down by Britain's wet summer. “It's ... See all stories on this topic » Telegraph.co.uk

Kingfisher profits down by 6% Irish Times Kingfisher, Europe's number one home improvements retailer, posted a 6 per cent fall in third-quarter profit, hit by a fall in sales in its main markets in France and the UK as well as unfavourable foreign exchange movements. The group, which runs B&Q ... See all stories on this topic »

Money Flows Out of Mutual Funds

Money Flows Out of Mutual Funds Wall Street Journal Long-term mutual funds fell by $5.52 billion in the latest week, as declines from equity and hybrid funds more than offset inflows to bond funds, according to the Investment Company Institute. Bond and hybrid funds have mostly recorded weekly net ... See all stories on this topic »

Should you invest in ICICI Prudential Capital Protection Oriented Fund? Economic Times The fund offers growth and dividend option. You can invest a minimum of Rs 5000 in these funds. There is no exit load. You can also choose to switch funds from your investments in other schemes of ICICI Prudential Mutual Fund. The new fund offer closes ... See all stories on this topic » Economic Times

Top performing US mutual fund bets on BlackBerry revival, increases RIM stake Waterloo Record TORONTO – Donald Yacktman, whose $19-billion mutual-fund firm has outperformed peers by picking undervalued stocks, is leading a rush of investors betting Research In Motion and its BlackBerry smartphone can recover. Yacktman Asset Management ... See all stories on this topic » Waterloo Record

Top 5 Best Performing Healthcare Mutual Funds Year to Date - Best Performing ... NASDAQ Mutual funds are the perfect choice for investors looking to enter this sector since they possess the advantages of wide diversification and analytical insight. Below we will share with you the 5 best performing healthcare mutual funds year to date. To ... See all stories on this topic »

NAVs soar as markets delivered excellent performance Moneycontrol.com Equity Mutual Funds delivered excellent performance as markets rallied by around 2 per cent yesterday. The debt funds too were seen on positive radar on the hopes of RBI's announcing OMO to handle liquidity crunch situation. Source: Moneycontrol.com ... See all stories on this topic » Moneycontrol.com

Compass EMP Funds Introduces 13 New Mutual Funds Sacramento Bee NASHVILLE, Tenn., Nov. 28, 2012 -- /PRNewswire/ -- Compass EMP Funds announced the launch of thirteen (13) new mutual funds increasing its fund family to sixteen total funds. These new funds and their ticker symbols are presented below within their ... See all stories on this topic »

Fancy Funds, Below Average Returns Moneylife Mutual funds have tried just about everything to lure investors and sell their schemes. They have tried foreign funds, contra funds, sector funds when a particular sector is doing well and many other tricks. Instead of coming up with innovative ways of ... See all stories on this topic »

Mutual fund dealer's books at issue TheChronicleHerald.ca A mutual fund dealer operating in Nova Scotia is being accused of improperly maintaining its books, causing a client's investment to be used in a manner she did not intend. According to a recently posted statement of allegations, Nova Scotia Securities ... See all stories on this topic »

Killing Them Softly is a hitman allegory about the Great Recession

Killing Them Softly, the new crime caper thriller from writer/Director Andrew Dominik (The Assassination of Jesse James By the Coward Robert Ford), is set in 2008, during the height of the panic over the U.S. financial collapse and the run-up to Barack Obama's election. I mention this because you might miss that crucial bit of subtext if you're not paying close attention to the excerpts from Obama's election-night speech that are included during the jaggedly edited opening sequence. Or during the centerpiece heist sequence. Or five minutes later when someone has the car radio on. Or pretty much every time anyone in this movie is listening to a radio or watching a television.

Because Andrew, buddy, pal, c'mon: We get it already. We understand that you're turning your adaptation of George V. Higgins' novel Cogan's Trade — full of low-lifes, hired killers, and an unseen corporatized criminal hierarchy — into some kind of a metaphor for the malfeasance that led up to the Great Recession, and the nature of the response to it. It's clear from the crime committed by Markie (Ray Liotta), who arranged to steal from the card game he runs. That in turn inspires a copycat crime by small-time crook Johnny (Vincent Curatola), who brings in an old acquaintance, Frankie (Scoot McNairy), to do the actual dirty work. It's clear from the interaction between Jackie (Brad Pitt), a no-nonsense hired killer, and the businesslike representative (Richard Jenkins) of the crime bosses by whom Jackie's been hired to deal with whoever stole from them. And man oh man is it clear from the incessant intrusion of the voices of George Bush, Barack Obama, Treasury Secretary Henry Paulson, etc. etc. etc.

The damned shame of it is that, for a while anyway, Killing Them Softly has the makings of a uniquely down-and-dirty spin on familiar underworld material. Yes, the off-the-cuff conversations might have you expecting the latest in a 20-year lineage of post-Tarantino chatty/witty thugs, particularly in the pre-heist banter between Frankie and his accomplice/prison buddy Russell (Ben Mendelsohn) about prison sex, among other things. McNairy's a terrifically effective weasel, though, and the actual card-room robbery is a study in minimalist tension built entirely into reasonable behavior.

It's even clear that Dominik had his story pointed in a direction that would have made a compelling thematic idea all on its own — the role of distance, whether physical or emotional, in being able to live with doing something terrible. Several solid dialogue sequences are built around this notion: a pair of goons fretting over beating up Markie because they don't want to deal with pleading; Jackie bringing in a second killer (James Gandolfini) to deal with a target that Jackie knows personally; Frankie trying to avoid direct involvement in pointing Jackie towards Johnny. The film's title is used as an almost absurdist suggestion that there's a right way to destroy someone's life — one that results in no stress on the conscience of the destroyer.

But that's not good enough for Dominik, who churns out the background-noise references to the meltdown pretty much any time there's a moment of dead air, leading up to a climactic speech by Pitt that turns into something more pointed in its contemporary-relevance-message-delivering than anything that's been similarly criticized in Lincoln. The ham-handedness extends to Dominik's visual choices, including an extended bit from the heroin-addled Russell's point of view, and a slow-motion killing that — even if intended as a juxtaposition with a couple of messier, less balletic murder sequences still to come — cries look-at-me without justifying itself. And when it feels as though the filmmaker isn't completely in control of his material, the discursive bits, like a flashback to a failed attempt to burn a stolen car, wind up seeming completely pointless.

Killing Them Softly winds and pirouettes around a dozen different notions in a way that makes it clear that Dominik had something richly cynical at the core of his film. But he doesn't trust the audience to put the pieces together, leaving a frustrating tale that, just in case you missed it, is set in 2008 when everyone was greedy.

Consumer confidence hits post-recession peak MarketWatch WASHINGTON (MarketWatch) — Consumer confidence rose in November to its best reading in more than four years, according to data released Tuesday, as growing hopes for the jobs market buoys sentiment. The Conference Board said its consumer ... See all stories on this topic »

RV industry's recovery gains speed in 2012 Businessweek (AP) — The RV industry's recovery from the Great Recession has picked up speed. Recreational Vehicle makers are churning out higher numbers of travel trailers bound for dealers' lots and, ultimately, campgrounds. Overall shipments from manufacturers ... See all stories on this topic »

OECD fears another world recession as UAE remains rare bright spot [National ... Equities.com REUTERS / Sergio Perez. Sean Cronin. The Organisation for Economic Cooperation and Development yesterday cut global growth forecasts and warned that the world could plunge back intorecession without decisive action in the United States and Europe. See all stories on this topic »

Killing Them Softly is a hitman allegory about the Great Recession Charleston City Paper by Scott Renshaw. An adaptation of George V. Higgins' Cogan's Trade, Killing them Softly looks at. Courtesy of the Weinstein Company. An adaptation of George V. Higgins' Cogan's Trade, Killing them Softly looks at our response to the Recession. See all stories on this topic » Charleston City Paper

Will Housing Drag Economy Back Into Recession? Fox Business There is new evidence that the housing market is on the -- the Case Shiller Index showing home prices rising 3% in September from the year before but even with a string of upbeat stopped -- upbeat news -- for sale next guest is concerned about what's ... See all stories on this topic »

AFP: Spain still mired in recession: central bank AFP MADRID — Spain appears to be stuck in a jobs-killing recession in the final months of 2012, the central bank said in a preliminary report Wednesday. The scarce available data pointed to shrinking economic output in the final months of 2012, the Bank ... See all stories on this topic » AFP

UPDATE 2-Portugal parliament approves austerity budget Reuters LISBON Nov 27 (Reuters) - Portugal's parliament gave final approval on Tuesday to a 2013 budget which promises a third year of recession and the biggest tax hikes in modern history to ensure international bailout terms are met. Lawmakers from the ... See all stories on this topic »

Is The Decline In Core Capital Expenditures Growth A Worrisome Recession ... Business Insider This morning the Census Bureau released the October Durable Goods report for data through October. The CAPEX referenced by Rosenberg is the Manufacturers' New Orders: Nondefense Capital Goods Excluding Aircraft data series, which is conveniently ... See all stories on this topic »

Connecticut seen rebounding slowly from recession San Francisco Chronicle HARTFORD, Conn. (AP) — The slow pace of Connecticut's recovery from the recession is taking a toll on state revenues, leading to expected deep spending cuts next fiscal year, according to Gov. Dannel P. Malloy's budget director. Ben Barnes, secretary ... See all stories on this topic »