Tag Archives: Economy

Environmentalists lay out ‘trail map’ for Maine | Maine Public Broadcasting Network

Environmentalists lay out ‘trail map’ for Maine | Maine Public Broadcasting Network

Vegetable’s exclusion becoming hot potato | The Portland Press Herald / Maine Sunday Telegram

Vegetable’s exclusion becoming hot potato | The Portland Press Herald / Maine Sunday Telegram.

Extolling the benefits of heating with pellets | The Portland Press Herald / Maine Sunday Telegram

Extolling the benefits of heating with pellets | The Portland Press Herald / Maine Sunday Telegram.

Shallow Labor Pool | Bangor Daily News

Shallow Labor Pool – Bangor Daily News.

State point man on offshore wind clearly energized | The Portland Press Herald / Maine Sunday Telegram

State point man on offshore wind clearly energized | The Portland Press Herald / Maine Sunday Telegram.

Verso Paper hires more than 200 workers | Bangor Daily News

Verso Paper hires more than 200 workers – Bangor Daily News.

‘The County’ lands another World Cup stop | Bangor Daily News

AUGUSTA, Maine — Aroostook County has been selected to host both North American stops of the 2011 Biathlon World Cup, an event that draws Olympians and other top athletes from around the globe.

Fort Kent’s 10th Mountain Lodge had already been selected as one of the nine sites for the Biathlon World Cup, which combines cross country skiing with rifle marksmanship.

But on Tuesday, the International Biathlon Union announced that the second North American stop would be held at the Nordic Heritage Center in Presque Isle during the first week of February.

The back-to-back stops on the World Cup circuit mean that Aroostook County will have roughly 10 days in the limelight in an event that draws tens of thousands of spectators, not to mention tens of millions of television viewers in Europe.

Click on the link for the rest of Kevin Miller’s story in the Bangor Daily News.

Maine recession ‘over’ but damage will linger | The Portland Press Herald / Maine Sunday Telegram

Maine recession ‘over’ but damage will linger | The Portland Press Herald / Maine Sunday Telegram.

Maine jobs news good, but still leaves cause for concern | The Portland Press Herald / Maine Sunday Telegram

Our View: Job news good, but still leaves cause for concern | The Portland Press Herald / Maine Sunday Telegram.

Maine job rate increase lauded | Bangor Daily News

Maine job rate increase lauded – Bangor Daily News.

Maine’s community colleges freeze tuition again | The Portland Press Herald / Maine Sunday Telegram

Community colleges freeze tuition again | The Portland Press Herald / Maine Sunday Telegram.

A quarter of children in 3 counties at high risk level | Bangor Daily News

A quarter of children in 3 counties at high risk level – Bangor Daily News

[This has far more details on the proverty situation in Maine. — KM]

Report: 1 in 5 Maine kids live in poverty | The Portland Press Herald / Maine Sunday Telegram

Report: 1 in 5 Maine kids live in poverty | The Portland Press Herald / Maine Sunday Telegram.

Maine program tries to halt foreclosure before it’s too late | Bangor Daily News

BANGOR, Maine — Abiel and Bettyjo Martinez bought a home in Etna in 2005 with an adjustable rate mortgage, the only loan they were eligible for.

In two years, their interest rate ballooned to 12 percent and their monthly payment nearly doubled from $900 to $1,700.

They scraped by for a while until Abiel Martinez lost his job and watched several months pass before he could collect unemployment. Then his wife lost her job. So they went back to their lender to modify their loan.

“They told us we could modify, but we had to pay $3,800 to start that process,” he said. “How can we pay $3,800 if we can’t afford the mortgage?”

The mortgage company had no choice but to start foreclosure proceedings. The Martinezes and their three children were in danger of being forced from their home.

Click on the link for the rest of today’s story by Eric Russell in the Bangor Daily News.

Information about the state’s foreclosure diversion program is available at http://www.courts.state.me.us/court_info/services/foreclosure/index.html.

Home sales up in Maine in February | Lewiston Sun Journal

Home sales up in Maine in February | Business | Sun Journal.

Dozens run for Maine governor seat: A measure of nation’s discontent | The Portland Press Herald / Maine Sunday Telegram

Dozens run for governor: A measure of nation’s discontent | The Portland Press Herald / Maine Sunday Telegram.

Candidates for Maine governor reach out to fishermen | Portland Press Herald

Fishing, economic issues

highlighted as 12 hopefuls

speak at the industry forum

ROCKPORT – A dozen candidates for governor stressed the importance of Maine’s fishing heritage at a forum on Friday, but differed on how best to help one of the state’s oldest and most important industries.

The three-day Maine Fishermen’s Forum at the Samoset Resort is designed to draw attention to the issues facing the state’s commercial fishermen.

This year, the group invited some of the candidates for governor to a forum. Four Democrats, six Republicans, a Green Independent and an independent candidate got a chance to address about 100 people and to answer questions.

Candidates were asked what they would have done to prevent next month’s closing of the sardine cannery in Prospect Harbor, how strongly they would advocate for Maine fishermen and what can be done to attract seafood processing plants to Maine.

Click on the link for the rest of the story by Susan Cover of the Portland Press Herald.

Maine’s Baldacci plan eases budget cuts | Kennebec Journal

Despite increased revenues,

next year will still see reductions

AUGUSTA – Gov. John Baldacci proposed to alleviate some of the deepest cuts in the state budget Wednesday by providing additional funds to support human services and education.

A revised state revenue forecast that projects a $51 million increase in receipts this fiscal year and next, and additional federal money, combined to give the governor and the Legislature $78.7 million of breathing room.

“Despite today’s good news, we know that our economy is fragile and recovery is far from certain,” Baldacci said during a news conference in his office.

Baldacci continued to characterize state spending as frugal, saying the current two-year budget will be $5.6 billion – a modest increase from his first budget, seven years ago, that was $5.4 billion.

Even with the increased revenue, state lawmakers face a $360 million shortfall.

Click on the link for the rest of today’s story by Susan Cover in the Kennebec Journal.

Employers say loss of rail would carry consequences – Bangor Daily News

Employers say loss of rail would carry consequences – Bangor Daily News.

No wonder I’m miserable!

According to a Forbes.com story, the city in which I live is No. 2 on the list of America’s Most Miserable Cities. That may seem like quite a terrible distinction, but Stockton, Calif., was in the No. 1 spot last year, so this is an improvement … I suppose.

And nearby cities of Modesto and Sacramento are on the top-20 list, too.

If it wasn’t winter, I might be on my way to New England to find something a little less, well, miserable. (No New England city made the list. New York and a slew of Midwestern cities were on the list along with Stockton, Modesto and Sacramento.)

The economy, crime and other factors were used to determine the misery of the cities.

Here’s a link to the Forbes story, but be warned that the slideshow is sluggish. Oh, and a warning about the information: The photo used in the slideshow to represent Stockton is a photo of a murder suspect from a different city, not Stockton. At least, that is the photo as of this afternoon. They may change it later, but certainly they should have used a much better photo.

And there is a video about what Stockton is doing to get off the list completely.