A pound of halibut that cost up to $16 pre-pandemic is now $28. Blue crab has gone from $18 to $44 a pound.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness
Business travel stirs, but many road warriors stay grounded
The U.S. Travel Association predicts business travel won’t recover to 2019 levels – more than $300 billion – until 2024.
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Posted inBusiness, Nation & World
Warming rivers in U.S. West killing fish, imperiling industry
The paltry catch has led to exorbitant prices, with customers saying they can’t afford $35 per pound and fishermen considering packing it in.
Posted inBusiness
Federal Reserve to discuss a pullback in economic aid with inflation up
The worry is that the the Fed will respond too aggressively and quickly raise interest rates which could cause another recession.
Posted inBusiness, Nation & World
Virus surge prompts U.S. to keep travel restrictions for now
The rising cases also are causing the administration to take a closer look at policies on wearing masks.
Posted inBusiness, Maine Cannabis Report
Illegal marijuana grows a big problem in high desert of southern California
Authorities in Los Angeles County recently seized $1 billion in illicit pot – their largest bust ever.
Posted inBusiness, Maine Cannabis Report
California marijuana grower betting on state commanding extra cachet
Glass House Brands Inc. isn’t planning to build production outside the state, believing California’s pot “will be like Napa wines.”
Posted inBusiness, Maine
Campaign to preserve island off Harpswell gets $50,000 gift
Freeport-based Maine Beer Co. is making the gift toward the $1.3 million the trust needs to buy and manage Little Whaleboat Island.
Posted inBusiness, Maine
State offers $10 million in case Portland Harbor dredging grant denied
Portland is again looking for $24 million to remove silt from harbor wharves, and Maine lawmakers will back part of the project if federal money doesn’t come through.
Posted inBusiness, Maine
Maine employers grapple with office policies amid constant change
Many companies plan to continue experimenting with new ways of working that involve more flexibility and remote work options.