Towns want and need more housing but say they lack the developers and the money to make it happen.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Island Dairy Treat in Skowhegan closes after 72 seasons
Those who owned the ice cream stand at 23 Island Ave. said the property’s new owner has other plans for the location.
U.S. ports are threatened with strikes in election-season jolt
Some 45,000 dockworkers at every major eastern and Gulf coast port are threatening to strike Oct. 1.
The benefits of a 4-day workweek, according to a champion of the trend
American companies haven’t adopted 4-day weeks as broadly as, say, Australia or Europe, but that could change.
Before you sign up for a store credit card, know what you’re getting into
With holiday shopping season around the corner, experts recommend caution when your favorite store offers you a credit card.
Tugboat powered by ammonia sails for first time, showing a path for emissions cuts
Shipping needs to cut emissions rapidly, and there are no solutions widely available today to fully decarbonize deep-sea shipping. But there’s a lot of interest in ammonia as an alternative fuel.
The Fed sees its inflation fight as a success. Will the public ever agree?
Consumer surveys show that most Americans remain unhappy with the economy, still bruised by an inflation rate that hit a 4-decade high 2 years ago as the economy rebounded from the pandemic recession.
Maine launched its first Inflation Reduction Act rebates. What’s next?
The new funding could fill some gaps, but bandwidth for actually using the money at the local level may remain a challenge.
For many, the Fed’s big rate cut is likely just a small step toward affording a home
In this case, the Fed’s action was widely anticipated, so rates moved lower well before the cut was even announced.
Explosion at coal mine in eastern Iran kills at least 34 workers
Authorities blamed the blast on a leak of methane gas.