Forty years after Ronald Reagan and Paul Volcker oversaw a root-and-branch restructuring of the U.S. economy, President Biden and Jerome Powell are trying to do the same – only in reverse.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
As ransomware hits U.S. agencies and companies, crooks stay out of reach
An explainer: A new report by a public-private task force offers a comprehensive plan for assaulting ransomware.
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Posted inBusiness, Local & State, News
L.L. Bean to add new stores, revert to 24-hour operation in Freeport
The company said it’s building on a strong financial year in which its revenues grew by 5%.
Posted inBusiness, Local & State, Morning Sentinel
The opening of Sunrise Bagel fulfills lifelong dream of Waterville woman
Tiffany Lopes, 53, plans to open Waterville’s only locally made bagel spot in the middle of June in the South End.
Posted inBusiness, Local & State, Morning Sentinel
Fairfield Town Council approves medical marijuana zoning change
The council also addressed the results of a recent survey on waterfront development that found more people wanted access to the water.
Posted inBusiness, Food & Dining, Nation & World
Your fried chicken obsession is causing a nationwide poultry shortage
Chicken, the most popular meat in the United States, is finding a new level of demand after Popeyes introduced a sandwich in 2019 that went viral and sold out in weeks.
Posted inBusiness, Nation & World
American tourists may be allowed in London as soon as next month
Progress on COVID-19 vaccinations in the two countries could allow the U.S. to be included on the so-called Green List of countries from which people will be able to travel to Britain without quarantine.
Posted inBusiness, Nation & World
U.S. recovery from pandemic recession is gaining speed
The U.S. economy’s growth is a show of strength fueled by government aid and declining viral cases that could drive further gains as the nation rebounds with unusual speed from the pandemic recession.
Posted inBusiness, Health, Nation & World
Moderna says it will make up to 3 billion vaccine doses in 2022
The company said it would increase supply by 50% at its Norwood, Massachusetts, plant, which makes much of the vaccine substance used in shots for the U.S. market.
Posted inBusiness, Local & State, Nation & World
U.S. jobless claims hit pandemic low, but not in highly seasonal Maine
Nationally, claims fell to 553,000 last week. In Maine, claims rose slightly and remained higher than in late summer 2020.