The debt doesn’t appear to be a weight on the economy right now, but its path in the future might put at risk national security and major programs like Social Security.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Local & State
Maine Supreme Court sides with state regulators, allows special gas rate for Bucksport generator
In its Dec. 28 decision, the court ruled that the Maine Public Utilities Commission’s approval of the special rate ‘did not result in unjust, unreasonable or discriminatory rates.’
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Posted inBusiness, Local & State, News
Fund created for Maine businesses affected by pre-holiday wind and rainstorm
Grants of up to $10,000 to replace equipment or lost supplies will be available through the fund created by the Retail Association of Maine and the Maine Grocers and Food Producers Association.
Posted inBusiness, Nation & World, News
Proposed $4.3 billion merger of Avangrid, New Mexico utility scuttled
Officials with New Mexico’s largest electric utility say a proposed multibillion-dollar merger with Avangrid, a U.S. subsidiary of global energy giant Iberdrola, has been scuttled.
Posted inBusiness, Uncategorized
Top 25 for 2024: Best new theme park rides and attractions
Many parks have already begun construction on 2024 projects while other parks have only announced plans or launched teaser campaigns.
Posted inBusiness, Uncategorized
List of electric car models eligible for $7,500 tax credit is cut to 13
The number of electric vehicle models eligible for a popular $7,500 consumer tax credit fell sharply as new rules from the Biden administration kicked in on Jan. 1. Narrower criteria reduced the number of qualifying models to 13 from about two dozen, according to federal data from fueleconomy.gov. The new rules exclude from the tax […]
Posted inBusiness
New data analysis suggests flights could be cheaper this year
A new data analysis indicates bright skies ahead when it comes to the anticipated cost of air travel for 2024. Amid the postpandemic “revenge travel” rush of 2022 and early 2023, airfare prices soared, boosted by the rising cost of jet fuel and overall economic inflation. According to a fresh data evaluation conducted by flight […]
Posted inBusiness
The record rush to buy a Rolex or a Patek Philippe is over
The biggest ever boom in Swiss luxury watches is coming to an end. For three years, the industry enjoyed a surge of renewed interest that kicked off during the pandemic, when wealthy – and cash-flush – consumers stuck at home began drooling over luxury mechanical wristwear from iconic Swiss brands. That turbocharged demand for timepieces […]
Posted inBusiness, Uncategorized
Xi vows to strengthen China’s economic recovery after ‘tough’ year
China’s youth unemployment hit a record high over the summer, before the government stopped publishing figures.
Posted inBusiness, Uncategorized
Consulting firm McKinsey agrees to $78 million settlement with insurers over opioids
Insurers and health care funds claimed that its marketing work with Purdue Pharma helped fuel an opioid addiction crisis.