From falling stock prices to canceled orders and disappearing customers, the state’s businesses are taking a big hit.
economy
Posted inBusiness, Maine, News
Small businesses ask Gov. Mills for financial relief amid crisis
Restaurants, bars and breweries are among companies asking the governor to consider more steps to help the state’s hard-hit service industries.
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Posted inBusiness, Maine, News, Politics
Bill to increase Maine overtime protections fails to win lawmakers’ support
The bill would increase the threshold for salaried workers in the state to earn overtime pay, but lawmakers said it would burden businesses in an uncertain economy.
Posted inBusiness, Maine
Economic gaps underscore perception of 2 Maines
Cumberland and York counties account for nearly 50 percent of the state’s GDP, a new report finds.
Posted inBusiness, Maine, News
Money for all: Panel to explore idea of basic income payments for Mainers
A special legislative panel that’s set to hold its first meeting Friday will consider the kind of system that other nations and states are trying to combat poverty.
Posted inMaine, News, Politics
Commission to consider raising Maine judges’ last-in-the-nation salaries
Judges’ relatively low pay will be the focus of study by a commission set up to review compensation for top state officers, including the governor.
Posted inBusiness, Maine
Maine incomes dropped in 2018, the biggest loss by percent in the U.S.
Economists said the figures likely reflect Maine’s aging population and the move of many workers from jobs into retirement.
Posted inBusiness, Nation / World
White House insists fundamentals of US economy ‘very strong’
With eyes on 2020, the White House insists the fundamentals of the US economy are ‘very strong’
Posted inBusiness, Nation / World, News
Expect a recession by 2021, say 74% of economists in survey
President Trump has dismissed such concerns, offering an optimistic outlook for the economy after last week’s steep drop in the financial markets.
Posted inBusiness, Nation / World
Donald Trump makes Fed Chairman Jerome Powell the scapegoat for market downturn
Nobody was happier to take credit for surging stocks than President Donald Trump, who touted and tweeted each leg up. Now the bull is on life support and the search for its potential killer is on. And while many on Wall Street share the president’s frustration with the man atop his markets enemies list, Federal […]