The president aims to make people work two more years, until 64, before receiving a full pension.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News, Politics
Biden calls for tougher penalties for failed bank execs
Biden wants the Federal Deposit Insurance Corporation to be able to force the return of compensation paid to executives at a broader range of banks should they fail.
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Posted inBusiness, Nation & World, News
Stocks fall to cap chaotic week on Wall Street
The fear is that the banking system may be cracking under the weight of the fastest set of interest rate hikes in decades.
Posted inBusiness, Nation & World, New England
Boston pizza parlor owner accused of physically abusing employees
Stavros Papantoniadis allegedly abused a longtime immigrant worker who could not legally work in the U.S.
Posted inBusiness, Nation & World, New England, Uncategorized
Boston seeking to limit fossil fuel use in new buildings
New buildings that rely on fossil fuels would be required to install solar panels in anticipation of a future conversion.
Posted inBusiness, Nation & World
France’s Macron risks his government to raise retirement age
The president’s unilateral move to raise the retirement age from 62 to 64 will trigger quick motions of no-confidence in his government.
Posted inBusiness
Stocks rally after battered First Republic gets a lifeline
This week has been a whirlwind for markets globally on worries that banks may be bending under the weight of the fastest set of hikes to interest rates in decades.
Posted inBusiness, Maine, News
Report finds affordable housing unavailable for more than half of Maine’s poorest renters
A national study released Thursday says the crisis extends to every state, and Maine actually fares better than others.
Posted inBusiness
Europe’s central bank backs big rate hike despite bank chaos
Questions are being raised about what the U.S. Federal Reserve will do at its meeting next week.
Posted inArts & Entertainment, Business
Why TikTok’s security risks keep raising fears
China is accusing the U.S. of spreading disinformation amid reports the Biden administration is calling for TikTok’s Chinese owners to sell their stakes in the company.