The industry has been burdened by hefty taxes that can approach 50% in some areas, costly regulation and competition from a flourishing illegal marketplace.
2022
Posted inBusiness, Life & Culture, Nation & World, New England
Baby formula shortage fueling spike in milk bank interest
The U.S. baby formula shortage stemmed from a safety recall and supply disruptions and has captured national attention with panicked parents looking to swap and buy formula online.
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Posted inNation & World
Biden administration to release $45 billion for nationwide internet
Commerce Secretary Gina Raimondo is overseeing the distribution and said that universal access to broadband internet would be akin to the electrification of rural America during the 1930s.
Posted inSports
Defending champion Phil Mickelson withdraws from PGA Championship
Mickelson has not played following incendiary comments about a Saudi-funded rival league
Posted inBusiness, Nation & World
Stocks rally, but still mark their 6th straight losing week
Markets have been slumping since late March as traders worry that the Federal Reserve may not succeed in its delicate mission of slowing the economy enough to rein in the highest inflation in 4 decades without causing a recession.
Posted inBusiness, Nation & World, Uncategorized
Russian pipeline sanctions raise fears of gas interruption
European gas prices have risen after Russian state-owned exporter Gazprom said it would no longer send supplies to Europe via a pipeline in Poland, citing new sanctions that Moscow imposed on European energy companies.
Posted inKennebec Journal, Local Government, Maine
Gardiner seeks public comment on $7.35 million budget proposal
As Gardiner officials review the proposed spending plan, they want to hear from members of the public at the May 18 meeting on its spending plans for the fiscal year that starts July 1.
Posted inMaine, Schools and Education
University of Southern Maine faculty senate votes no confidence in chancellor
USM faculty cited the departure of 3 system presidents within the year and a lack of faculty input in important University of Maine System decisions.
Posted inMaine, Morning Sentinel
Police: Car crashes into Hero’s Pizza building in Skowhegan after driver falls asleep, but no injuries reported
The restaurant set up a food truck Friday to continue doing business with a limited menu following the morning crash off Waterville Road.
Posted inArts & Entertainment, Life & Culture, Maine
Nonprofit board fires DaPonte String Quartet musicians, changes mission
The group that has managed the ensemble for decades told the quartet’s members this week that they would no longer be paid as salaried musicians.