It’s the biggest cost-of-living adjustment in 39 years and amounts to $92 a month for the average retired worker.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Food & Dining
The Wrap: In which we bid biscuits goodbye and welcome Friends & Family
Plus, Cong Tu Bot wins acclaim from the New York Times.
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Posted inBusiness, Local & State, News
Documents reveal spending, legal strategy for embattled power line project
Avangrid Corp. has spent $350 million on the $1 billion New England Clean Energy Connect project and has developed contingency plans for its legal challenges.
Posted inBusiness, Nation & World, News
U.S. to reopen borders with Canada and Mexico next month for fully vaccinated
Vehicle, rail and ferry travel between the U.S. and its neighbors has been largely restricted to essential travel since the earliest days of the pandemic.
Posted inBusiness, Nation & World, News
FDA authorizes first e-cigarette, cites benefit for smokers
The decision applies only to Vuse’s Solo e-cigarette and its tobacco-flavored cartridges.
Posted inBusiness, Local & State, News
Maine’s high court backs CMP’s use of disconnection notices
Plaintiffs had argued that the utility acted unreasonably when it sent the notices as the pandemic worsened last winter.
Posted inBusiness, Nation & World
IMF foresees a slight drop in global growth from pandemic
The economic divergence is attributed to disparities in global vaccine distribution.
Posted inBusiness, Local & State
ReVision Energy teams up for 13 solar projects in Maine
The projects will produce enough energy to power about 4,500 homes.
Posted inBusiness, Nation & World
House sends debt limit hike to Biden, staving off default
The relief is temporary as Congress will have to revisit the issue in December.
Posted inBusiness, Nation & World
Americans quit their jobs at a record pace in August
The jump in people quitting their jobs strongly suggests that fear of the delta variant is partly responsible for the shortfall in workers.