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History Of Wilton, Connecticut
Wilton is a town in Fairfield County, Connecticut, United States. As of the 2020 census, the town population was 18,503. In 2017, it was the sixth-wealthiest town per capita in Connecticut, the wealthiest U.S. state per capita. Officially recognized as a parish in 1726, Wilton today is a residential community with open lands, historic architecture such as the Round House, and many colonial homes. Many residents commute to nearby cities such as Stamford or New York City. Wilton is home to many global corporations such as ASML, Breitling SA, Cannondale Bicycle Corporation, Melissa & Doug, and formerly Deloitte. It is also home to AIG Financial Products, whose collapse played a pivotal role in the financial crisis of 2007–2008.Behind Insurer’s Crisis, Blind Eye to a Web of Risk

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New England Town
The town is the basic unit of Local government in the United States, local government and local division of state authority in the six New England states. Most other U.S. states lack a direct counterpart to the New England town. New England towns overlay the entire area of a state, similar to civil townships in other states where they exist, but they are fully functioning Incorporation (municipal government), municipal corporations, possessing powers similar to city, cities in other states. New Jersey's Local government in New Jersey, system of equally powerful townships, boroughs, towns, and cities is the system which is most similar to that of New England. New England towns are often governed by a town meeting legislative body. The great majority of municipal corporations in New England are based on the town model; there, statutory forms based on the concept of a Place (United States Census Bureau), compact populated place are uncommon, though elsewhere in the U.S. they are preva ...
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Stamford, Connecticut
Stamford () is a city in the U.S. state of Connecticut, outside of Manhattan. It is Connecticut's second-most populous city, behind Bridgeport. With a population of 135,470, Stamford passed Hartford and New Haven in population as of the 2020 census. It is in the Bridgeport-Stamford-Norwalk-Danbury metropolitan statistical area, which is part of the New York City metropolitan area (specifically, the New York–Newark, NY–NJ–CT–PA Combined Statistical Area). As of 2019, Stamford is home to nine Fortune 500 companies and numerous divisions of large corporations. This gives it the largest financial district in the New York metropolitan region outside New York City and one of the nation's largest concentrations of corporations. Dominant sectors of Stamford's economy include financial services, tourism, information technology, healthcare, telecommunications, transportation, and retail. Its metropolitan division is home to colleges and universities including UConn Stamford ...
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Saugatuck River
The Saugatuck River is a river in southwestern Connecticut in the United States. It drains part of suburban and rural Fairfield County west of Bridgeport, emptying into Long Island Sound. , a U.S. Navy oiler that saw service in World War II, was named after the river. Description The Saugatuck River issues from Sugar Hollow Pond approximately southwest of downtown Danbury. It flows generally southeast, passing through the Saugatuck Reservoir ( above sea level), then turns south-southwest. In Westport, it broadens into a navigable estuary along its lower and enters Long Island Sound approximately southeast of Norwalk. Interstate 95 crosses the river near its mouth downstream from Westport center. The river is wadeable along much of its course and is a popular seasonal destination for trout fishing, with the state of Connecticut stocking the river annually. In the 17th century the river was the site of a Paugusset settlement. The name of the river means "river that flows ...
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Roger Ludlow
Roger Ludlow (1590–1664) was an English lawyer, magistrate, military officer, and colonist. He was active in the founding of the Colony of Connecticut, and helped draft laws for it and the nearby Massachusetts Bay Colony. Under his and John Mason's direction, Boston's first fortification, later known as Castle William and then Fort Independence was built on Castle Island in Boston harbor. Frequently at odds with his peers, he eventually also founded Fairfield and Norwalk before leaving New England entirely. After a brief sojourn in Virginia, Ludlow returned to Europe, where he was appointed by a commission distributing seized and forfeited property in the aftermath of Oliver Cromwell's conquest of Ireland. He was also appointed a magistrate administering justice in Dublin, where he is believed to have died. Early life He was born in March 1590 in Dinton, Wiltshire, England. Roger was the second son of Sir Thomas Ludlow of Maiden Bradley, WiltshireSir Thomas was the great u ...
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National Register Of Historic Places
The National Register of Historic Places (NRHP) is the United States federal government's official list of districts, sites, buildings, structures and objects deemed worthy of preservation for their historical significance or "great artistic value". A property listed in the National Register, or located within a National Register Historic District, may qualify for tax incentives derived from the total value of expenses incurred in preserving the property. The passage of the National Historic Preservation Act (NHPA) in 1966 established the National Register and the process for adding properties to it. Of the more than one and a half million properties on the National Register, 95,000 are listed individually. The remainder are contributing resources within historic districts. For most of its history, the National Register has been administered by the National Park Service (NPS), an agency within the U.S. Department of the Interior. Its goals are to help property owners and inte ...
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Cannondale Historic District
Cannondale Historic District is a historic district in the Cannondale section in the north-central area of the town of Wilton, Connecticut. The district includes 58 contributing buildings, one other contributing structure, one contributing site, and 3 contributing objects, over a . About half of the buildings are along Danbury Road (U.S. Route 7) and most of the rest are close to the Cannondale train station (another half dozen buildings are along Seeley Road).The district is significant because it embodies the distinctive architectural and cultural-landscape characteristics of a small commercial center as well as an agricultural community from the early national period through the early 20th century....The historic uses of the properties in the district include virtually the full array of human activity in this region—farming, residential, religious, educational, community groups (the Grange), small-scale manufacturing, transportation, and even government (the building t ...
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New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital media, digital subscribers. It also is a producer of popular podcasts such as ''The Daily (podcast), The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones (publisher), George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won List of Pulitzer Prizes awarded to The New York Times, 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national "newspaper of record". For print it is ranked List of newspapers by circulation, 18th in the world by circulation and List of newspapers in the United States, 3rd in the U.S. The paper is owned by the New York Times Company, which is Public company, publicly traded. It has been governed by the Sulzberger family since 189 ...
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Financial Crisis Of 2007–2008
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability a ...
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AIG Financial Products
AIG Financial Products Corporation (AIGFP) is a subsidiary of the American International Group, headquartered in New York, New York, with major operations in London. The collapse of AIG Financial Products, headquartered in Wilton, Connecticut, is considered to have played a pivotal role in the global financial crisis of 2008–2009. In spring 2008, AIGFP suffered enormous losses from credit default swaps that it issued and traded in earlier years. Company officials issued the swaps believing they would have to pay out few, if any, of them. But as the financial crisis worsened during early 2008, many companies began to default on their debt, forcing AIGFP to assume losses far greater than anticipated. The losses at AIGFP caused credit agencies to downgrade the credit rating of the entire AIG corporation in September 2008. The resulting liquidity crisis essentially bankrupted all of AIG. Many believed that AIG was too big to fail and that an AIG bankruptcy could cause an already f ...
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Deloitte
Deloitte Touche Tohmatsu Limited (), commonly referred to as Deloitte, is an international professional services network headquartered in London, England. Deloitte is the largest professional services network by revenue and number of professionals in the world and is considered one of the Big Four accounting firms along with EY (Ernst & Young), KPMG and PricewaterhouseCoopers (PWC). The firm was founded by William Welch Deloitte in London in 1845 and expanded into the United States in 1890. It merged with Haskins & Sells to form Deloitte Haskins & Sells in 1972 and with Touche Ross in the US to form Deloitte & Touche in 1989. In 1993, the international firm was renamed Deloitte Touche Tohmatsu, later abbreviated to Deloitte. In 2002, Arthur Andersen's practice in the UK as well as several of that firm's practices in Europe and North and South America agreed to merge with Deloitte. Subsequent acquisitions have included Monitor Group, a large strategy consulting business, in Janu ...
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Melissa & Doug
Melissa & Doug, LLC (formerly Lights, Camera, Interaction!, Inc) is an American manufacturer of children's toys,"Around UConn"
- Summer 2007, ''UConn Magazine'', p. 15
including wooden puzzles, arts & crafts products, plush toys, and other educational toys."Learning Lessons at Play"
- ''UConn Today'', December 2011
The company was founded in 1988 by Melissa and Doug Bernstein in their basement and in Doug's parents' garage."Smart Toymakers - M ...
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Cannondale Bicycle Corporation
The Cannondale Bicycle Corporation is an American division of Dutch conglomerate Pon Holdings that supplies bicycles. Its headquarters are in Wilton, Connecticut with engineering offices in Freiburg, Germany. Frames are manufactured in Taiwan. History The company was founded in 1971 by Joe Montgomery and Murdock MacGregor to manufacture precast concrete housing. Later Ron Davis came to Cannondale from CBS Laboratories where he was vice-president in charge of the development of microfilm reproduction. Davis had an idea for an internal combustion engine that would use ammonia as fuel. Davis, with MacGregor as his assistant, managed to duplicate and exceed results obtained by Allison Engine, then a division of General Motors. Faced with a commitment to invest a large amount of capital to take the project to a workable model installed in an automobile, Montgomery decided that the company should raise capital by developing and marketing other products that they had conceived. By ...
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