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Setting records

The Big Bang theory has it that about 13.8 billion years ago an explosion marked the beginning of the expansion of the universe. The word we’re fixed on here is “expansion.” The American economy is experiencing an economic expansion, and as long as the expansion continues, investor confidence appears ready to hang on for the ride. Last week we witnessed new milestones as major stock market indexes continue to rise.

The S&P 500, a broad index of of stocks, crosssed over the 5,000 level for the first time ever. The S&P 500 rose for the 14th week out of 15 by last Friday’s close, something that hasn’t happened since Richard Nixon was in the White House in 1972. The Nasdaq Composite, a tech stock barometer, also climbed, continuing a winning streak for the 15th week that it hadn’t seen since 1997. So did the Dow Jones Industrial Average, a basket of 30 stocks. All three indexes ended the week with gains.

Investors have been buoyed by strength in the labor market — a job-growth report showing employers added 353,000 jobs — and by solid corporate earnings.

In Connecticut, the economic picture also remains positive, according to the Connecticut Business and Industry Association. Real GDP grew by 4.7 percent in the state in the third quarter last year, which was slightly below the national average of 4.9 percent but double the rate for all of 2022. In November, Connecticut’s Department of Labor reported job growh for the third month in a row. And in the Hudson Valley, private sector jobs rose to 809,800, an increase of 6,100, over the year that ended in December, according to the New York State Department of Labor. Two of the New York region’s private sectors — health care and social assistance — posted year-over-year growth of at least 5.2 percent, the department reported.

Yet we have another set of data points that don’t relate to any kind of metaphorical Big Bang expansion at all. In an economy hallmarked by steady growth, approximately one in four households in our local region struggles to make ends meet.

According to the Connecticut United Ways, in its 2022 Alice report, an acronym that stands for Asset Limited, Income Constrained, Employed, 25 percent of the households in Northwest Connecticut earn more than the Federal Poverty Level but less than the basic cost of living in the area. The basics include: housing, food, child care, health care, technology and transportation. The United Way in the Dutchess-Orange County Region, reported in 2021 that the same percentage — 25 percent — of households in Dutchess County fell into the Alice category.

There are economic and market reports that set records, reflecting positive growth and aspirations for a continued expansion — with chronic shortcomings in the mix. In 2023 there were 1,111 households on waiting lists for affordable rental housing in the 21 towns that comprise the Northwest Hills Council of Governments. It’s a similar story in Dutchess County, where, according to DATAUSA, 19.5% of the population was living with severe housing problems in 2022. From 2014 to 2022, the percentage expanded by 1.1%.

Latest News

Undermountain Trail

An after-dark rescue on the Undermountain Trail on Monday, Aug. 24 prompted officials to warn unprepared hikers from setting out close to sundown.

Alec Linden

SALISBURY — A nighttime rescue involving approximately 18 emergency responders has prompted local officials to warn hikers against entering the Bear Mountain area without adequate supplies or enough time to return before dark.

Crews were dispatched to the Undermountain Trail trailhead on Undermountain Road shortly before 9 p.m. Monday, Aug. 24, after two hikers called 911 to report that one of them, a 62-year-old woman, was experiencing numbness on one side of her body.

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“The Divine Sister” comes to Sharon Playhouse for one-night benefit
Playwright and performer Charles Busch is “The Divine Sister.”
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Continuing a popular tradition, the Sharon Playhouse will present a one-performance-only staged reading of “The Divine Sister,” another riotous comic romp by the acclaimed playwright and performer Charles Busch, on Friday, Aug. 28 at 7 p.m.

The play is a wild and witty homage to Hollywood films that feature nuns — from “The Song of Bernadette” and “The Bells of St. Mary’s” to “The Singing Nun” and “The Sound of Music.” It is classic Charles Busch: wickedly funny, gloriously over-the-top and overflowing with theatrical joy.

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KK Kozik sees things differently

KK Kozik sees things differently

KK Kozik in her studio

Natalia Zukerman
Maybe it takes the ability to interpret what you’re looking at to really see.
— KK Kozik

KK Kozik has a theory about getting older.

“I don’t think you have eyes to see until you have eyes to see,” said the painter. “And maybe it takes the ability to interpret what you’re looking at to really see, and maybe that’s what comes with wisdom.”

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Lakeville Open Horse Show returns for 69th year

Jazzmine Bone and A Stitch in Tyme power through the Gambler’s Choice run during the 2024 Lakeville Open.

Caitlin Von Graf

For nearly seven decades, the Lakeville Open Horse Show has brought riders, horses and spectators together for a day of competition and community.

This year’s show takes place on Sunday, Aug. 30, at Riga Meadow at Coole Park, 1031 Bengal Amenia Road in Millbrook.

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A new home for contemporary music in Connecticut

This year, the ARChive of Contemporary Music, or ARC, is moving its collection to a permanent home in Ridgefield, Connecticut.

ARC is somewhat hard to imagine. Comprised mainly of huge collections from musicians, archivists, and DJs, it has compiled more than three million sound recordings, consisting of over 90 million songs.

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A Vietnamese water puppet musical returns to the quarry where it began

“The Magnificent Ms. Pham” combines Vietnamese water puppetry, shadow theater, music and storytelling.

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“The Magnificent Ms. Pham,” the first Vietnamese American water puppet show, is returning to the water where it was born. The perpetual motion puppet show will be at TurnPark Art Space in West Stockbridge, Mass., Aug. 28 and 29, following a sold-out New York City premiere earlier this year. The production was originally developed at TurnPark, where its puppets first danced across the surface of the quarry lake.

Created by Vietnamese American artist Tommy Nguyen and director and designer Doug Fitch, the production tells the story of Nguyen’s mother, Kim Pham, and her journey from Vietnam to the United States. The story moves between memory, Vietnamese history and mythology, and the realities of immigration, following Kim from her childhood in Vietnam through her escape as a “boat person” and eventual life in Houston, Texas.

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Want more of our stories on Google? Click here to make us a Preferred Source.

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Want more of our stories on Google? Click here to make us a Preferred Source.