Analysts suggested one reason why new applications for unemployment aid might be falling while the number of people who continue to receive benefits is rising: Those who are already unemployed may be having a harder time finding work.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine, News, Politics
National campaign launches to promote Pingree’s asylum seeker work bill
The campaign is rallying support for the bipartisan House Asylum Seeker Work Authorization Act, which would reduce wait times for work permits from at least 180 days to just 30 days.
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Posted inBusiness, Maine, News
Young lobsters decline off New England, and fishermen will see new rules as a result
Surveys have detected a 39% decline in young lobsters in the Gulf of Maine and Georges Bank areas for 2020-22 compared to 2016-18.
Posted inBusiness, News
Netflix’s password-sharing crackdown reels in subscribers as it raises prices for its premium plan
Netflix added nearly 8.8 million worldwide subscribers between July and September, more than tripling the number gained during the same time last year.
Posted inBusiness, Maine, News
CMP receives $30 million grant to improve grid reliability
The money is expected to be used to buy equipment mounted on the poles that will act like circuit breakers and allow the grid to rebalance more quickly following outages.
Posted inBusiness, News
Sam Bankman-Fried’s lawyer pokes holes in witness Nishad Singh’s story on FTX spending
On the witness stand, Nishad Singh frequently said he disapproved of Sam Bankman-Fried’s actions, but didn’t always take action.
Posted inArts & Entertainment, Business, Uncategorized
Fugees rapper says lawyer’s use of AI helped tank his case, pushes for new trial
The Grammy-winning rapper’s trial was touted as the first time generative AI was used in a federal trial in a news release from the startup company that designed the system.
Posted inBusiness, Nation & World, News
Elon Musk says it will cost new users $1 to post, like and interact on X
Twitter already offers paid subscriptions of $8 a month as part of its X Premium program, formerly known as Twitter Blue.
Posted inBusiness, Election 2023, Maine, Politics
Foreign ownership in CMP parent clouds 2 ballot measures
A foreign government’s ownership stake in a utility is complicated, and some experts say it doesn’t matter anyway because ownership of a regulated utility doesn’t translate into governance.
Posted inBusiness, News
Rite Aid’s bankruptcy plan stirs worries of new ‘pharmacy deserts’
Rite Aid’s plan to close more stores as part of its bankruptcy process raises concern about how that might hurt access to medicine and care.