With holiday shopping season around the corner, experts recommend caution when your favorite store offers you a credit card.
Business
Local, state and national business news from the Sun Journal.
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.
California accuses ExxonMobil of lying about plastics being recyclable in ‘decades-long campaign of deception’
The lawsuit alleges that Exxon falsely promoted all plastics as recyclable. Only about 5% to 6% of plastic gets recycled in the U.S., according to recent estimates.
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.
Island Park Brewing in Winthrop draws from local lake history
The brewery and taproom, which opened in August on the north shore of Cobbosseecontee Lake, take their inspiration from the local history of drinking and dancing.
Can luxury apartments actually help solve Maine’s housing crisis?
Despite pervasive ‘supply skepticism,’ the evidence suggests the answer is yes: As the number of homes grows in an area, prices tend to fall and lower-cost units get freed up. But advocates say it takes time – and there are many hurdles.
Maine Trust for Local News wins New England First Amendment, Publick Occurrences awards
NENPA judges said “we applaud the newspapers’ persistent efforts to learn and report what happened, what failings may have occurred, and what, if anything, can be done to prevent another tragedy.”