There are just 9 houses for sale in Portland right now
That inventory shortage is a large part of what has driven up real estate prices in southern Maine and throughout the state over the past couple years.
Coronavirus’ impact on Maine’s economy
NATIONAL BUSINESS
Billy Bush of Trump tape fame sues Rockport boat dealer for refund
Billy Bush, who Donald Trump bragged about harassing women to on record, alleges that a Maine boat dealer would not refund his down payment.
Maine lobstermen can’t find gear to comply with new federal regulations
The Maine Department of Marine Resources has received numerous reports that there isn’t a sufficient supply of approved ropes or weak links.
Federal influx helps Maine DOT fund more road projects over 3 years
The department plans 2,316 projects from 2022 to 2024, up 13 percent from its last plan released in 2020.
Presque Isle hardware plant only manufacturer to receive prestigious business award
The company manufactures catheter guidewires and millions of archwires and auxiliary pieces that go into orthodontic braces.
Despite pandemic, China’s love for Maine lobster hasn’t slowed
American exporters sent more than 13.2 million pounds of lobster, mostly sourced from Maine, to China during the first 11 months of 2021.
New apprenticeship program will help grow Maine’s aquaculture industry
The pilot project will work with Southern Maine Community College and the Maine Aquaculture Association.
Homesickness inspired a Milford woman to start a Portuguese bakery and kitchen
“Food is love. And I want to share my culture and the food I love with everyone.”
Navient cancels $1.7B in student loans to settle predatory lending case
Navient allegedly misled borrowers struggling to make payments into entering long-term forbearances, causing them to run up even more debt.
US jobless claims rise to highest level since November
U.S. jobless claims climbed by 23,000 last week to 230,000.
Mainer given a ‘lifeline’ by new Alzheimer’s drug upset that more can’t get the pricey medication
The Alzheimer’s Association said that the Medicare decision creates further health inequities and asks patients to participate in a clinical trial on a drug that the U.S. Food and Drug Administration already approved.
7 percent US consumer price surge the highest since 1982
It’s the latest evidence that rising costs for food, rent and other necessities are heightening the financial pressures on America’s households.
Fed’s Jerome Powell says inflation poses a major threat to job market
The Fed may raise interest rates more than it now plans if needed to stem surging prices.
Maine regulators want to lift CMP penalty despite lingering customer service concerns
If Central Maine Power’s service degrades, the Maine Public Utilities Commission said it would consider reimposing a penalty.
2nd Starbucks store in New York votes to unionize
Starbucks is evaluating its options and may appeal, a spokesperson said.
CMP would spend $700K to end probe into solar connection problems
The money would fund a consultant and an analyst that could help with transmission and distribution planning and interconnection projects, CMP said.
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