One fear is that infections will further disrupt manufacturing and shipping, worsening the supply chain backlogs.
economy
Posted inBusiness
Supply-chain nightmare ignites economic boom along U.S.-Mexico border
By keeping production closer to its final destination, companies hope it will reduce the risk of distribution snags.
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Posted inBusiness, Maine, News, Politics
Long-term state revenue projections ‘volatile,’ Maine lawmakers told
The words of caution come as the Legislature prepares to debate what it should do with $822 million in additional revenue being projected for the current two-year budget.
Posted inBusiness, Nation / World
U.S. consumer confidence falls in November to nine-month low
U.S. consumer confidence was held back by rising worries about inflation and lingering concerns about the coronavirus.
Posted inNation / World, Uncategorized
U.S. consumer prices soared 6.2% in past year, most since 1990
Prices for U.S. consumers jumped 6.2% in October compared with a year earlier as surging costs for food, gas and housing left Americans grappling with the highest inflation rate since 1990.
Posted inBusiness, Nation / World, News
General Electric to end its run as a conglomerate, split into 3 companies
The new public entities will be focused on aviation, health care and energy.
Posted inMaine, News, Politics
Mills earns praise, criticism for pandemic response as re-election campaign looms
In an exclusive Blaine House interview, the governor talks about her decisions on COVID-19, vetoes she’s issued and other topics as Maine gears up for 2022 gubernatorial race.
Posted inBusiness, Nation / World
Wage of $15 becoming a norm as U.S. employers struggle to fill jobs
The $7.25-an-hour federal minimum wage has now gone the longest stretch without an increase since it was first introduced in 2009.
Posted inBusiness, Nation / World
U.S. economy grew 6.4% in 1st quarter, and it’s likely just the start
Additional economic data points to a nation that has regained its footing quickly after being thwacked by a global pandemic, though jobless claims remain stubbornly above 400,000.
Posted inBusiness
White House memo sees economic strength where critics see fragility
It says ‘our economy is likely to largely heal by the end of the year’ and the administration doesn’t foresee long-term inflation.