Charles Lane

Senior reporter for Long Island

Charles is a radio reporter, story teller, Excel ninja, database grasshopper and loves to FOIL records. He's worked for NPR, Deutche Welle, Radio Netherlands, Soundprint, Penthouse, the Religion News Service and the Catholic World Report. He's won three SPJ Public Service Awards, a National Murrow and was a finalist for the Livingston Award for Young Journalists. He once did 8Gs in a stunt plane, caught a 10-foot wave (briefly) and dove 40 meters on a single breath. Charles is extraordinarily friendly so don't hesitate to contact.

David Karp / AP

A bill before the Connecticut General Assembly's Finance, Revenue and Bonding Committee would place a tax on hedge funds. For some Democrats in Connecticut, the idea is simple: hedge funds have the money and they already get a tax break, so the state could plug budget holes with a 19 percent surcharge on investment companies.

Supporters of the bill, including Committee Vice Chair Rep. Josh Elliott of Hamden, say it would raise $535 million a year, and effectively close the tax loopholes investment managers get from the federal government.

AP Photo/Evan Vucci

 

 

President Donald Trump met with business leaders Tuesday to discuss infrastructure and tax reform — both of which appear months away. Following the meeting, Stephen Schwarzman, CEO of the hedge fund Blackstone, told Bloomberg TV that tax reform will take much longer than Trump's failed healthcare overhaul.

Nor'easter Socks Region With Wind, Snow And Sleet

Mar 13, 2017
Bebeto Matthews / AP

With up to 20 inches of snow, high winds and possible coastal flooding expected, states of emergency have been declared in municipalities around the region on Tuesday.

Pablo Martinez Monsivais / AP

Republicans in Congress plan to roll back parts of Dodd-Frank, the legislation Congress passed after the financial crisis. They say doing so would ease regulatory burdens on small banks. But the plan also eases rules on big banks — the ones that caused the financial crisis.

Michel Euler / AP

Ray Dalio, the founder of Bridgewater Associates, the world’s largest hedge fund, is stepping down. Dalio posted a public note that he will no longer lead the Westport, Connecticut-based firm company as of April.

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