Despite conflicting signs, for now the Federal Reserve is focused squarely on its inflation fight, and this week it’s set to announce another hefty hike in its benchmark interest rate.
banking
Posted inBusiness, News
Brian King named Bank of America Maine president
King will oversee the bank’s operations and philanthropic giving in the state.
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Posted inBusiness, Local & State
Maine’s marijuana industry booming no thanks to banks
Owners must use cash and other workarounds as a reluctant financial industry worries about federal retribution
Posted inEditorials, Opinion
Another View: Commodities traders shouldn’t need a taxpayer bailout
Central banks are reluctant to provide emergency financing, and for very good reason.
Posted inOp-eds, Opinion
The humble Farmer: Press ‘1’ to be connected with absolutely nobody
As I try to settle my brother’s estate, state-of-the-art banking technology is no help at all.
Posted inBusiness, Local & State, News
Maine banks team up to launch worker recruitment campaign
Amid the state’s labor shortage, Maine banks are struggling to hire enough workers to meet their needs.
Posted inOp-eds, Opinion
Commentary: The Fed’s pivot on inflation, unemployment is the opposite of hawkish
The central bank’s policy stance is actually much more dovish than it was a year ago. This doesn’t bode well for the economy.
Posted inBusiness, Nation & World, Politics
The Pandora Papers: Foreign money secretly floods U.S. tax havens. Some of it is tainted.
New Hampshire is among the states that passed legislation to allow creation of trusts that attract ultra-wealthy individuals.
Posted inNation & World
Here are the key findings from the Pandora Papers investigation
An investigation by journalists exposes the shielding of major assets from governments, creditors and those abused or exploited by the wealthy and powerful.
Posted inAmerican Journal, Forecaster Opinion, Lakes Region Weekly
Forum: ‘Tax gap’ proposal could adversely affect Maine residents
While we firmly believe Americans should honor their tax obligations, Congress’ efforts to raise more federal revenue from those who cheat our federal tax system risks ushering in unwelcome and unintended consequences for working men and woman across Maine. The “tax gap” proposal put forward by the Biden administration would require banks and other financial […]