The overall price tag of global warming has long been the subject of debate. New data from Bloomberg Intelligence has put a number on the cost of burning fossil fuels.
economy
Posted inBusiness, Nation & World, News
Surprisingly durable U.S. economy poses question: Are we facing higher-for-longer interest rates?
One after another, economists have postponed or reversed their earlier forecasts for a recession.
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Posted inOp-Eds, Opinion
Jim Fossel: Don’t buy the Fed’s rosy economic forecast
The central bank has backed off its prediction of a recession next year, but this does not comfort me.
Posted inBusiness, Nation & World
U.S. economy accelerated unexpectedly to 2.4% growth rate despite Fed hikes
Driving the gain was a burst of business investment.
Posted inBusiness, News
U.S. slowed hiring but still added solid 209,000 jobs in June in sign of economy’s resilience
Many industries are still adding jobs to keep up with consumer demand and restore their workforces to pre-pandemic levels.
Posted inMaine Voices, Opinion
Maine Voices: Don’t fall for current MAGA hysteria over the national debt
No other nation has as reliably paid its debts as the United States, and the U.S. has more than enough income to support its debt.
Posted inBusiness, Nation & World, News, Politics
What it would mean for the global economy if the U.S. defaults on its debt
A default could shatter the $24 trillion market for Treasury debt, cause financial markets to freeze up and ignite an international crisis.
Posted inOp-Eds, Opinion
Maine Voices: Rethinking the future – how much growth do we want?
A population explosion is straining infrastructure, hurting the climate, driving up the deficit and fueling competition for housing. Federal officials should keep this in mind when making policy.
Posted inBusiness, Nation & World, News
A slowdown in U.S. inflation eases some pressure on households
Gas and electricity prices have fallen, but grocery costs continue to be a sore spot.
Posted inTimes Record
Report: Out-of-state recruiting helps BIW drive Maine economy
An analysis from University of Southern Maine’s Center for Business and Economic Research found Bath Iron Works supported more than $1.8 billion in economic output in 2021, thanks in part to the shipyard’s push to draw out-of-state workers, a strategy labor experts say could help solve the problem of Maine’s shrinking workforce.