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Divide over how much to regulate
7:28 pm
Wed July 16, 2014

NY Regulators will soon govern Bitcoin

Balloons bearing the bitcoin logo float above the floor at the Inside Bitcoins conference and trade show, Monday, April 7, 2014 in New York.
Credit AP Photo/Mark Lennihan

New York banking regulators are expected to release new rules this week governing Bitcoins and other virtual currencies.

Many think virtual currencies--sometimes called crypto-currencies--will soon revolutionize financial services, but until now they have been largely unregulated.

New York State is about step into this regulatory void. Within days, the Department of Financial Services will issue far-reaching rules focusing on three things: consumer protection, cyber security, and anti-money laundry rules.

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Feds asked to house 2,000 kids in Southbury
6:15 pm
Wed July 16, 2014

Connecticut refuses federal request to house thousands of unaccompanied immigrant children

Connecticut officials have rejected a federal request to temporarily house up to 2,000 immigrant children from Central America at a mostly-vacant facility built for developmentally disabled adults.

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State bond commission likely to approve
6:09 pm
Wed July 16, 2014

Second Bridgeport train station gets state support

Governor Dannel Malloy and Bridgeport Mayor Bill Finch (left) at the announcement Wednesday
Credit Craig LeMoult

Connecticut Governor Dannel Malloy announced  Wednesday that nearly 3 million dollars will be included in the next State Bond Commission agenda, for the engineering and design of a new train station in Bridgeport.  That funding will almost certainly be approved.

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500 Africans are in the US for Obama's initiative
5:18 pm
Wed July 16, 2014

Twenty-five of President Obama's Young African Leaders study at Yale this summer

Some members of President Obama's Young African Leaders at Yale at a block party with local residents at the Stetson Library in New Haven on Wednesday July 9, 2014.
Credit Ebong Udoma

An app that helps doctors keep in touch with patients in Uganda, another that helps teachers keep up with technology in Zambia, and a website that tells the stories of Rwandan genocide survivors. These are just some of the businesses that have been developed by a group of young African entrepreneurs, sought out by President Obama.  The entrepreneurs are part of the president’s Young African Leaders Initiative – in which 500 hundred sub-Saharan Africans between the ages of 25 and 35 have been brought to study at US universities this summer.

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Anti-poverty
3:02 pm
Wed July 16, 2014

Defunct NEON faces creditors in bankruptcy proceedings Thursday

A former embattled Fairfield County anti-poverty agency will face creditors in bankruptcy proceedings Thursday morning. The defunct agency owes upwards of $3.500,000 but only has assets of less than $500,000. Among the largest debts are nearly $950,000 to Coventry Health and Life Insurance Company and more than $600,000 to the Connecticut Department of Labor. 

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