When it comes to tempering the cost of living, President Biden could have done a whole lot more by doing a whole lot less.
inflation
Posted inElection 2022, Local & State, Politics
In a city of divided loyalties, Lewiston voters cite economy and abortion as top concerns
Both Gov. Janet Mills and former Gov. Paul LePage have carried the city on their previous paths to the Blaine House.
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Posted inBusiness, Nation & World
Soaring U.S. dollar spreads pain worldwide
The soaring U.S. dollar is adding to global inflationary pressures at a time when prices were already soaring.
Posted inNation & World, News, Uncategorized
March against inflation turns up political heat in France
The march for wage increases and other demands was organized by left-wing opponents of Macron and lit the fuse on what promises to be an uncomfortable week for his centrist government.
Posted inBusiness, Nation & World, News
Worsening inflation will pressure Fed to keep raising rates
Even with widespread price spikes, the September data showed that the prices for many physical goods, including clothing, used cars, furniture, and appliances, dropped last month.
Posted inFood & Dining, Recipes
Grocery bill going up? Here’s how to eat cheaper
With inflation affecting the price of supermarket staples, we talked to Maine food experts about shopping smart and stretching meals.
Posted inNews, Politics
Ad Watch: LePage ad claims big budget increase under Mills
In ‘Maine Choices,’ former Gov. Paul LePage claims Gov. Janet Mills’ budget was 580% higher than inflation. It’s true, but that isn’t as damning as the Republican challenger would like you to believe.
Posted inBusiness, Nation & World, News
Powell’s stark message: Inflation fight may cause recession
The Federal Reserve also forecast more jumbo-size hikes to come, raising their benchmark rate to roughly 4.4 percent by year’s end.
Posted inNation & World, News
Biden at UN to call Russian war an affront to body’s charter
White House officials say the crux of President Joe Biden’s visit to the U.N. this year would be a full-throated condemnation of Russia as its brutal war nears the seven-month mark.
Posted inBusiness, Nation & World, News
Markets shudder on dashed inflation hopes; Dow falls 1,250
The inflation figures were so bad that traders see a 1-in-3 chance for a rate increase of a full percentage point by the Federal Reserve next week.