Saturday, April 19, 2014
Commercial Confidential tracks Maine's business leaders and economic indicators.
I'm an economics wonk and an online content producer for the Portland Press Herald.
"On the Move": Submit items of interest regarding new employees, promotions and professional honors — with photos and LinkedIn URLs — to business [at] pressherald.com.
Randall Munroe, the artist behind the webcomic xkcd and former NASA roboticist, has given us the best explainer I've seen yet on Heartbleed:
Most websites have patched the bug so that servers won't spill out secret information any longer. To check the status of your online banking site, or webmail site, or any other website that you entrust with sensitive information, visit filippo.io/Heartbleed. Then change your passwords.
Staff photo by David Leaming
HUMANITY: Mike Grant mows the lawn in front of the solar-powered Habitat for Humanity home recently completed on Jacques Lane in Oakland on Thursday, Oct. 3, 2013. There will be an open house event this Sunday from 1 p.m. to 3 p.m.
Staff photo by David Leaming
Last week, Kennebec Journal reporter Paul Koenig covered a brewing debate between Central Maine Power and solar power advocates. CMP, which owns and maintains the lines that deliver electricity in southern and central Maine, wants to levy a new fee against customers who own solar panels. They also want to shift more of its charges to fixed monthly fees, and away from variable fees that are proportional to how much energy a customer uses.
Environmentalists point out that these changes will diminish consumers' financial incentives to conserve energy or generate their own clean power with solar panels (see Beth Nagusky's op-ed in today's paper). They argue that customers who use more electricity ought to pay a higher share of the cost to maintain the lines that deliver power.
CMP has a different point of view. Paul's story quoted Gail Rice, a CMP spokeswoman: “When customers self-generate, our cost to serve them does not change, and when they pay less to CMP for their delivery service, other customers have to pay more.” In other words, CMP is arguing that green-minded customers need to pitch in more for maintaining the power grid — regardless of how little electricity they take from it.
Lots of other states and utilities are navigating similar issues, of course, and today (via Grist) I learned of an interesting new solution from Minnesota called "value of solar" pricing.
This week's Maine Sunday Telegram delivered "Source," a new weekend section about eating and living sustainably in Maine. The debut issue included this in-depth piece on the history and growth of Maine's farm-to-table movement.
The growth in Maine farms and restaurants seems impressive from a consumer's point of view, but what's it like for the people working in the industry?
Reporter Meredith Goad has written about the increasing difficulty (and rents) in finding a suitable restaurant space in Portland. I was curious — is there any evidence of the same problem of scarcity in the market for restaurant labor?
The US Department of Labor's Bureau of Labor Statistics does an annual survey of wages in various industries and job categories, and here's a breakdown of their data for food service workers in the Greater Portland metropolitan area (which includes Biddeford/Saco and Bath/Brunswick):
Maine's economic activity, split in half.
Yesterday, I posted a map here (link) that offered a striking visualization of how much a small handful of metropolitan areas contribute to the nation's economy.
Maine's commonly perceived as a rural state, but as it happens, a similar pattern holds up here. Here's a view of Maine's economy split in half: half of the state's economic activity happens in the relatively small southern corner, colored orange, and the other half happens in the much larger blue-shaded portion.
Here's some of the data behind the map (from the same report from the US Conference of Mayors that I cited in yesterday's post):
This fairly amazing map has been making the rounds on Twitter today. Its creator seems to be the Reddit user atrubetskoy.
I checked the data against figures in this report from the US Conference of Mayors, which confirms that this map is pretty accurate. Here's a list of the metro areas depicted in orange in the map above, along with their estimated metropolitan gross domestic products in 2011:
The total GDP for the entire nation in 2011 was $15.5 trillion. The total of these metro GDP figures adds up to a little over $7.5 trillion — which is pretty close to half of the nation's total. I'll give the mapmaker the benefit of the doubt and assume that I might my list above might have missed one or two suburban areas that they colored orange.
It's worth noting that the mapmaker also left some rather large metropolitan areas in the blue part of the map. Denver, Atlanta, Cleveland, Kansas City, Indianapolis, Orlando, Cincinatti and Tampa all have metro economies whose economies are worth over $100 billion.