Connecticut
Billionaire Ray Dalio joins push to fund Trump Accounts, pledging $75 million to Connecticut kids
The U.S. Treasury asked major philanthropic donors to contribute to new investment accounts for children Wednesday as part of what Secretary Scott Bessent called a “50 State Challenge” to raise funds for the Trump Accounts program.
“The president is calling on our nation’s business leaders and philanthropic organizations to help us make America great again by securing the financial future of America’s children,” Bessent said in an address.
The billionaire hedge fund founder Ray Dalio, along with his wife Barbara, announced they would commit $250 to 300,000 children under 10 in Connecticut who live in ZIP codes where the median income is less than $150,000. Dalio founded the investment firm Bridgewater Associates and lives in Connecticut.
“I have been fortunate to live the American Dream. At an early age I was exposed to the stock market, and it changed my life,” Ray Dalio said in a statement, adding that he sees the accounts as putting children on a path toward financial independence.
The Dalios’ $75 million commitment follows the $6.25 billion pledge from billionaires Michael and Susan Dell earlier in December. The Dells promised to invest $250 in the accounts of 25 million children 10 and under who live in ZIP codes across the country that also have that median income.
The new investment accounts were created as part of President Donald Trump’s tax and spending legislation, passed over the summer. Under the new law, the U.S. Department of the Treasury will deposit $1,000 into the investment accounts of children born during Trump’s second term.
The Treasury has not yet launched the new accounts.
“Starting on July 4th, our nation’s 250th anniversary, parents, family members, employers and friends will be able to contribute up to $5,000 to each Trump Account each year,” Bessent said Wednesday.
Brad Gerstner, a venture capitalist, who championed the accounts, said the Treasury will create an account for every child in the U.S. who has a Social Security number but private companies will eventually administer the accounts. Parents or guardians will have to claim the accounts on behalf of their children. For children born before Trump came to office and who don’t qualify for the funds from the Dells and the Dalios, their families can open and fund their own Trump Account if they choose.
Money in the accounts must be invested in an index fund that tracks the overall stock market. When the children turn 18, they can withdraw the funds to put toward their education, to buy a home or to start a business.
Bessent said employers, family members and philanthropists can put funds into the accounts and that the administration hopes states will also eventually set up programs to invest in the accounts. Companies including Visa and BlackRock have also pledged to contribute in some way to the accounts of their employees’ children.
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Associated Press coverage of philanthropy and nonprofits receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content. For all of AP’s philanthropy coverage, visit https://apnews.com/hub/philanthropy.
Connecticut
Connecticut agrees to settlement with Hyundai, Kia to stop vehicles from being stolen
CONNECTICUT (WTNH) — Connecticut officials and officials from 35 other states have agreed to a settlement with automakers Hyundai and Kia to come up with a plan to help prevent vehicles from being stolen.
Connecticut Attorney General William Tong (D) and 35 other states call the settlement, which has been several years in the making, a matter of public safety. The issue concerns the number of Hyundai and Kia vehicles that have been reported stolen and crashes related to these thefts.
The settlement provides up to $4.5 million in restitution for customers whose cars had been stolen.
“This settlement points us back in the right direction to help address some of the underlining issues that have made it easier to steal vehicles,” Meriden Police Chief Roberto Rosado said.
Tong said that groups of young people known as “Kia Boys” were aware that Kia and Hyundai vehicles did not possess modern anti-theft technology, making those brands of vehicles more vulnerable to theft.
One such example is a 2023 incident in which a group of teens reportedly stole and crashed a Hyundai in Waterbury, resulting in the death of a 14-year-old girl.
“Connecticut State Police have been saying for some time that they needed some assistance, that they needed help in reducing the opportunity for these vehicles to be stolen,” Connecticut Department of Emergency Services Commissioner Ronnell Higgins said.
Several states have attempted to get Hyundai and Kia to alter the way their vehicles are built in the United States, finally coming to an agreement with the two automakers to provide an anti-theft device to protect the vehicles.
“At some point, they started offering excuses,” Tong said. “You can do just a software update, that will fix it. That didn’t work. We advocated for a recall, they refused. This settlement requires that, for all future vehicles sold in the United States, Hyundai and Kia will install, as part of their standard package, industry engine immobilizer anti-theft technology.”
The technology is linked to the key fob, which means that the car will not start if the smart key is not present.
Connecticut is requiring Kia and Hyundai to provide customers with a free zinc-reinforced engine cylinder protector for vehicles already on the road that are not equipped with the anti-theft technology.
Connecticut
2 Powerball tickets sold in Connecticut won $50,000
There were two $50,000 Powerball winning tickets sold in Connecticut for Monday’s drawing.
The winning numbers were 23-35-59-63-68 and the Powerball was 2.
The Powerplay was X4, but neither ticket had that option.
The tickets matched four white balls and the Powerball.
No information was available on where it was sold.
No one won the jackpot on Monday night, sending it soaring to $1.25 billion for Wednesday’s drawing.
Connecticut
Opinion: Flavored vapes and Connecticut’s youth: a call for action
My generation grew up thinking we would be the ones to bring teen smoking to an end. But then came the cotton candy vapes.
They were, and still are, everywhere you look. Back in middle and high school, I remember friends had them in their backpacks and hoodie sleeves, they even used them in the school bathrooms.
This past summer, I witnessed firsthand the real impact it has had. My friends and I took a girls’ trip, and one day, we decided we wanted to blow up a pool floatie. Given that we didn’t have an air pump, the only option was to do it manually. One of my friends, who has vaped regularly for years, couldn’t get more than three breaths in before giving up. She began coughing and ran out of breath. It was funny for a second…until it wasn’t.
This was the moment that made me realize how this epidemic is hurting the people closest to us.
When e-cigarettes first hit the market, companies claimed that they were safer than smoking real cigarettes and that they would help adults quit smoking, when in reality, they’ve only really done the opposite for young people. Vaping may look harmless because of the fun flavors, names, and colors on the packaging, but the reality of it is way darker. E-cigarette use can lead to cardiovascular disease, neurological disorders, and even long term damage to the airways that can make something as simple as inhaling a serious struggle. These devices push harmful chemicals deep into young people’s lungs, disrupting their bodies in ways they’re not even aware of until it’s too late.
A Yale-led study found that one in four Connecticut high school students and one in 30 middle schoolers had already tried vaping. This may not seem like much at first glance, but the fact of the matter is that a vast majority of adolescents know at least one peer who vapes, at the very minimum. A large portion of the teens from the study preferred sweet and fruity flavors, and many students who had never smoked cigarettes before began experimenting with nicotine through vapes, which demonstrates that flavored e-cigarettes are a gateway, not a solution.

The problem is not just about curiosity. The brain is not finished developing until about age 25. This time is critical in the development of areas like attention, memory, and decision making. The CDC mentions that nicotine exposure during these earlier years of development can impair brain chemistry, having outcomes that linger into adulthood.
Despite this, vape companies continue to sell what seems like nicotine candy to minors, disguised in bright packaging and flavors like “blue razz” or “mango blast.” When you think about it, it makes sense that as soon as companies began seeing a decline in sales, they had to figure out a way to create new products that were trendy, tasted good, and addictive.
Our neighboring states, such as New York, Massachusetts, and Rhode Island, have already taken action to address this issue. Massachusetts, for example, passed its 2019 Tobacco Control Law, which banned all flavored nicotine and tobacco products. These states were able to recognize the problem for what it is, a public health emergency. How is it that states just hours away have taken initiative to protect their youth, and Connecticut still hasn’t banned the very flavors that helped hook an entire generation?
While nothing in CT has become law yet, lawmakers have tried. Senate Bill 326, An Act Concerning Flavored Tobacco Products, was designed precisely to restrict the sale of flavored nicotine and vaping products across the state of Connecticut, however, it did not pass. As a result, flavored vapes remain widely available and attractive to younger audiences.
It’s time for that to change. Connecticut should revive, strengthen, and reconsider SB 326 to create a statewide law to ban flavored vapes, mirroring our neighboring states. The law should eliminate all non-tobacco flavors from retail shelves and increase penalties for selling to minors. Taking this step towards better health and a future for our youth would do more than just reduce teen vaping rates, it would also send a clear message that the health and safety of our children are valued and prioritized over the profits of the tobacco industry.
When I think back to that summer afternoon, watching my friend struggle to breathe, I can’t help but feel how preventable it all is. Our generation came so close to ending teen smoking, we never would’ve thought that nicotine would come back disguised as a fruit flavored cloud. If Connecticut wants to protect its minors, it’s time to clear the air once and for all.
Kiara Salas is a student at Sacred Heart University.
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