They say increasing the minimum length of a harvestable lobster by one-sixteenth of an inch will prevent them from catching their most popular crustaceans.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine, Sports
March brought record-setting sports wagering in Maine, but also a decline in state revenues
Bettors wagered nearly $14 million more than they did in February, but the state took in about $150,000 less.
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Posted inBusiness, Food & Dining, Maine
USDA to continue classifying potato as a vegetable, not a grain
The decision comes amid updates to U.S. dietary guidelines that generated pushback from Maine lawmakers.
Posted inBusiness, Maine, New England
U.S. regulators maintain fishing quota for valuable baby eels, even as Canada struggles with poaching
Regulators decided Wednesday that U.S. fishermen will be allowed to harvest a little less than 10,000 pounds of the eels per year. That quota will stand through at least 2027.
Posted inBusiness, Nation & World
Federal Reserve says interest rates will stay at 20-year high until inflation further cools
The Fed chair stressed, as he has before, that the central bank’s decision on when to cut rates will depend on the latest economic data.
Posted inBusiness, Nation & World
New Russia sanctions target weapons development and countries assisting in sanctions evasion
Russian President Vladimir Putin has repeatedly railed against several rounds of U.S. and Western sanctions, claiming last year that they are ‘illegitimate sanctions’ on his country.
Posted inBusiness, Nation & World, News
House Speaker fracas threatens several business-related bills
Senate Republican leader Mitch McConnell also is signaling he will continue to oppose the marijuana banking bill. McConnell has previously helped block the bill.
Posted inBusiness, Nation & World, News
Senate passes Russian uranium import ban, sending to Biden
Russia provided almost a quarter of the enriched uranium used to fuel America’s fleet of more than 90 commercial reactors, making it the No. 1 foreign supplier.
Posted inBusiness, Nation & World, News
Musk undercuts Tesla chargers Biden had lauded as ‘a big deal’
Tax credits aimed at cultivating a domestic EV and battery manufacturing industry were a key element of Biden’s signature climate bill.
Posted inBusiness, Nation & World, News
Utah cat with fondness for cardboard takes surprise trip to California in an Amazon box
Since word got out, owner Carrie Clark has been sharing her cat’s story, with advice to microchip your pets and to double-check your Amazon boxes before returning them.