Category Archives: Economy

EMMC to cut 100 positions to trim budget – Bangor Daily News

 EMMC to cut 100 positions to trim budget – Bangor Daily News.

Economic forecasters see improving Maine economy

Economic forecasters see improving Maine economy

Bill would guarantee benefits for hosting wind farms

(Hope this works to help promote wind power in Maine. — KM)

 Bill would guarantee benefits for hosting wind farms

 

Decline of white-tailed deer more than just about coyotes, bears

George Smith yesterday again wrote in his DownEast.com blog about the decline of white-tailed deer in northern Maine.

It appears unscrupulous landowners may be just as to blame for the drastic decline of deer as are back-to-back harsh winters and predators such as coyotes and bears. (I blogged about a Chamber of Commerce in Maine that had promoted a tournament for killing coyotes. That shows the level of frustration in the region.)

Personally, one of the more stark passages in the blog read:

At some northern Maine game registration stations, more bear than deer or moose were tagged. For example, the Fish River station registered forty-seven bears, twenty-three moose, and just four deer. The Portage station tagged ninety-two deer in 2007, thirty-one deer in 2008, but only nine deer this year.

I’m pretty certain the “Portage station” is Coffin’s General Store, of which I have written before. The Mom occasionally helps out at the store and she told me in the fall that kill numbers had dropped off drastically, but 92 to nine in just two years is terrible on so many levels.

For those who are non-hunters or anti-hunting, annual deer hunting is significant to the life and livelihood of Mainers. It is a rite of passage for youngsters in which responsibility, gun safety, and an appreciation for the outdoors are taught. It also is a significant economic component for rural and remote areas of the state where unemployment historically has been high. Hunting camps and other lodging, restaurants, gas stations, guides, taxidermist and more feel the pain in a poor hunting season.

Smith writes about the loss of wintering habitat for deer and how a land sale and swap ended up costing the state some of that habitiat.

Smith, the blog’s author, lives in Mount Vernon and is described as “a columnist, TV show host, executive director of the state’s largest sportsmen’s organization, political and public policy consultant, hunter, angler, and avid birder and most proud of his three children and grandson.” He knows that of which he writes.

Click this link to go to George’s Outdoor News blog.

Cultural commission reduces funds to Folk Festival – Bangor Daily News

 Cultural commission reduces funds to Folk Festival – Bangor Daily News.

Influx of new businesses, residents creating excitement, optimism – Bangor Daily News

 Influx of new businesses, residents creating excitement, optimism – Bangor Daily News.

Baldacci strikes the ‘right tone’ for tough times, observers say

Many lawmakers and observers said Thursday that Gov. John Baldacci’s final State of the State speech struck the right balance for uncertain times.

“I thought he hit the right tone,” said Rep. Patricia Sutherland, D-Chapman. “He was realistic, with some hope. I think Maine people are ‘cut-to-the-chase’ people, and would accept nothing less from the governor.”

Baldacci highlighted achievements of his seven years in office as well as plans for the future, particularly in the areas of renewable energy, government efficiency, education and forest conservation.

Click here to read the rest of “Baldacci strikes the ‘right tone’ for tough times, observers say” by the Kennebec Journal’s Ethan Wilensky-Lanford.

And click here to read the prepared text of Gov. John Baldacci’s final State of the State speech.

Maine jobless rate rises to 8.3% in December

Maine jobless rate rises to 8.3% in December

Baldacci eyes jobs, economy in address – Bangor Daily News

Baldacci eyes jobs, economy in address – Bangor Daily News.

Northern Maine railroad to be abandoned by owner, state to decide fate

(I’m pretty sure this is the same railroad line that runs through my home town and was used to ship lumber and other wood products. It seems a shame. — KM) 

Northern Maine Railroad to be Abandoned By Owner, State to Decide Fate.

Mainers ‘hitting the job search hard’ – Bangor Daily News

 Mainers ‘hitting the job search hard’ – Bangor Daily News.

How is this right? How, how, how?!

(Sometimes I wonder why we bothered at all to bail out banks and bankers. Was it so they could pay higher employee compensation packages? Or to print up forms telling us to expect more charges on our bank and credit card accounts? How is it that an average bank employee is worth $400,000 when teachers, nurses, social workers, etc., make a fraction of that and can barely make ends meet? How, how, how is this right?! – KM)

Headline: JPMorgan investment bankers to see record payday

NEW YORK (Reuters) – JPMorgan Chase & Co (JPM.N) on Friday announced a record $9.3 billion payday for its investment-banking employees, setting the stage for competitors like Goldman Sachs Group Inc (GS.N) to also make eye-popping payouts.

On a per employee basis, JPMorgan investment bankers, sales staff and traders, on average, are set to make about $379,000 for 2009, up more than $100,000 from 2008, when the broader financial sector was mired in crisis.

“People looking at it from the outside look at the dollars and say they are high,” said Kenneth Raskin, the head of law firm White & Case’s executive compensation practice. “There is no question the dollars are high. The question is whether they were deserving.”

Median U.S. household income in 2008 was $50,303.

Here’s a link to the rest of the story.

Back in business: E&P sold, resumes operations

(I hadn’t seen this yesterday. This is good news for journalism and newspapers. — KM)

 Back in Business: ‘E&P’ Sold, Resumes Operations.

Maine Farmers Turning to Internet to Market Products

(A “virtual farmers market.” This could work. — KM)

Maine farmers turning to internet to market products

Baldacci presses for smarter use of resources, more sharing | Portland Press Herald

(I agree with the governor on sharing and consolidating resources, but … I was kind of thinking about going into public administration in Maine. I can’t do that if there are no jobs. *sigh* — KM)

 Baldacci presses for smarter use of resources, more sharing | Portland Press Herald.

Maine likely to see job growth later this year, economist says | Portland Press Herald

(Job growth is a good thing. Too bad it won’t happen sooner. — KM)

Maine likely to see job growth later this year, economist says | Portland Press Herald.

State revenues $30M above estimates – Bangor Daily News

(Hard to tell if this is great news or just hohum news. — KM)

 State revenues $30M above estimates – Bangor Daily News.

Collins: U.S. should back wind energy | Portland Press Herald

 Collins: U.S. should back wind energy | Portland Press Herald.

Michaud urges quicker progress on border commission

Michaud urges quicker progress on border commission

(Disclaimer: The congressman and the author of this blog are not related. At least, not to my knowledge. There are just a lot of Michauds in Maine. — KM)

General Assistance Recipients Live Life on the Edge

General Assistance Recipients Live Life on the Edge.