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New London Housing Authority suspends finance manager

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New London Housing Authority suspends finance manager

New London — The New London Housing Authority has suspended its finance and human assets supervisor and plans an inside investigation into housing authority funds.

Members of the housing authority’s board of commissioners had been knowledgeable of the suspension of Patty DiGioia-Evrett in a confidential e mail obtained by The Day. The suspension was prompted by the revelation on Monday that DiGioia-Evrett is the main focus of an investigation into the alleged misuse use of bank cards in her capability as a volunteer board member on the Montville Housing Authority.

State police are investigating whether or not DiGioia-Evrett and one other former board member, Mike Brower, misused Montville Housing Authority funds for private purchases at locations like Amazon, Walmart and BJ’s Wholesale Membership. DiGioia-Evrett resigned as a board member of the Montville Housing Authority final month.

Kolisha Kendron, government director of the New London Housing Authority, mentioned in her e mail to commissioners that DiGioia-Evrett was positioned on unpaid administrative depart with out entry to New London Housing Authority data, software program, bank cards or financial institution accounts. The housing authority is reviewing bank card statements and plans an audit to report on any findings and inside controls to stop fraud, the e-mail reads.

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The New London Housing Authority owns and manages three state-subsidized housing complexes devoted to seniors and folks with disabilities: George Washington Carver Residences, Gordon Court docket and Riozzi Court docket. It additionally operates the federally sponsored Williams Park Residences at 127 Hempstead St.

Kendron, reached by telephone Wednesday, confirmed an ongoing investigation however declined to touch upon the standing of DiGioia-Evrett, who has labored with the housing authority for the previous six years. She mentioned the investigation was a measure being taken to guard the pursuits of the housing authority and its tenants.

Kendron was employed in 2018 when the New London Housing Authority contracted with Imagineers LLC for property administration companies. Kendron and Matthew Anderson, director of rental administration for Imagineers, each expressed disappointment within the leak of the confidential e mail discussing personnel points. Anderson mentioned he would quickly be dealing with government director duties whereas Kendron is out on maternity depart.

Candace Devendittis, chairwoman of the authority’s board of commissioners, declined to touch upon what the fee considers to be a personnel difficulty.

Commissioner Nancy Cole, reached by telephone Thursday, declined to debate the personnel difficulty involving DiGioia-Evrett however mentioned she was underneath the impression DiGioia-Evrett was in line to deal with duties of the manager director when Kendron was on depart.

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She additionally mentioned she has twice requested a particular assembly of the five-member board of commissioners to debate the scenario “as a result of I assumed this was an pressing sufficient matter that the board, in a collegial sense, might take part in crafting a path ahead.”

“I simply thought that collectively the board ought to come collectively and talk about this,” Cole mentioned. “The rationale I wished a gathering was to counsel we instantly pursue an impartial forensic audit of our funds.”

She mentioned her preliminary requests for an impartial audit had been rejected.

Mayor Michael Passero mentioned he had been briefed on the scenario however thought-about it a personnel difficulty and declined to remark additional.

g.smith@theday.com

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China’s Finance Ministry Vows Greater, Faster Spending in 2025

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China’s Finance Ministry Vows Greater, Faster Spending in 2025

China’s finance ministry reaffirmed it will increase public spending with a greater focus on boosting consumption to support the economy next year, ahead of growth headwinds from looming US tariffs.

China will “expand the magnitude of fiscal spending and accelerate the spending pace,” according to a statementBloomberg Terminal published Tuesday following a two-day national conference held by the Ministry of Finance on fiscal work in 2025.

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All 11 sectors expected to broaden out in 2025, strategist says

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All 11 sectors expected to broaden out in 2025, strategist says

United Parcel Service (UPS) is just one of Powers Advisory Group Managing Partner Matt Powers’ top picks for 2025, calling the postal carrier and logistics operator as having “defensive characteristics and high valuations” as it looks to get carried by several tailwinds next year. UPS is set to release fourth quarter earnings results on January 30, 2025.

Powers sits down with Wealth host Brad Smith to talk about the other opportunities he is seeing across markets (^DJI, ^IXIC, ^GSPC) in the new year.

“Broadening it looks like so all 11 major sectors are actually expected to have year over year earnings increases in 2025. And I think we had or will have seven of the 11 this year, which suggests broadening out,” Powers tells Yahoo Finance.

“But the S&P [500] is trading at 21 times forward earnings, while dividend growth equities which is kind of our core focus are at 19 times. So we see again going back to that back-to-basics approach shifting towards value and just underappreciated areas of the market.”

To watch more expert insights and analysis on the latest market action, check out more Wealth here.

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This post was written by Luke Carberry Mogan.

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Wall Street preps for shortened trading week, Honda & Nissan merger talks: Yahoo Finance

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Wall Street preps for shortened trading week, Honda & Nissan merger talks: Yahoo Finance

It is a short trading week for Wall Street. The equity markets will close early on Tuesday, December 24, and be closed all day on Wednesday, December 25, for the Christmas holiday. Two stocks in focus today are Honda (HMC) and Nissan (7201.T, NSANY), which officially announced they are in talks to merge. The companies expect the transaction to be completed in 2026. Other trending tickers on Yahoo Finance include Palantir Technologies (PLTR), Tilray Brands (TLRY), and Novo Nordisk (NVO).

Key guests include:
9:10 a.m. ET – Ben Emons, Fed Watch Advisors, Chief Investment Officer/Founder
10:25 a.m. ET – Eric Sheridan, Goldman Sachs Senior U.S. Internet Sector Equity Research Analyst
10:45 a.m. ET – Tony Bancroft, Gabelli Funds Portfolio Manager
11:20 a.m. ET – Steven Wieting, Citi Wealth Chief Investment Strategist and Chief Economist
11:30 a.m. ET – Michael Liersch, Wells Fargo Head of Advice and Planning

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