Maine by the numbers

A daily snapshot of the state's economy

Market Value of Assets in State Employees Trust Fund

June 2013

$160,350,000

June 2012

$139,897,000

Source: State of Maine, Bartel Associates Inc.

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Past Headlines

News from February 14, 2014

February 15

Huge thermal plant opens in California as solar industry grows Several photos included in this story Video clip included

To generate power, nearly 350,000 computer-controlled mirrors roughly the size of a garage door reflect sunlight to boilers atop 459-foot towers.

February 15

Government lets banks, marijuana sellers do business

Guidance issued by the Justice and Treasury departments is the latest step by the federal government toward enabling a legalized marijuana industry.

February 14

Airlines cancel record number of flights this winter

Plus, airlines have been cutting unprofitable flights and packing more passengers on each flight, so rebooking can take days.

February 15

Portland rejects claims made in lawsuit over Bayside development

The city says meeting recordings were inadvertently erased, and since then, officials have provided the Keep Portland Livable group with all the remaining pertinent records.

February 15

BIW releases rendering of Coast Guard ship design

The Bath shipyard was one of three chosen to develop the design for the U.S. Coast Guard’s next-generation Offshore Patrol Cutter program.

February 14

Musicians face longer wait for airline rules to protect instruments Video clip included

Musicians have long complained that airlines frequently require that instruments be checked as baggage, with the result that they are often damaged or lost.

February 14

Maine trailer manufacturer expanding to S.D.

Alcom LLC expects to create 180 positions in the next three years.

February 14

Jos. A. Bank buying Eddie Bauer in $825 million deal

The men’s clothing company has been pursued for purchase by rival Men’s Warehouse.

February 14

PepsiCo will hang onto North American drinks unit

The company has been under pressure recently to focus on its stronger Frito-Lay snack unit.

February 14

Applications rise for newly jobless

About 339,000 people applied for first-time unemployment benefits last week.

February 14

Briefcase



February 14

Cold weather chills U.S. retail sales

Freezing temperatures and heavy snowfall last month cut into store traffic and post-holiday sales.

February 14

Facebook offers gender selection option

Those who don’t self-identify as male or female see the change as a major step toward acceptance.

February 14

Millions of retiring boomers will go bust, two studies say

Last year’s stock-market surges improves Americans’ overall retirement prospects only fractionally.

February 14

Miami at heart of shipping as flowers get to loved ones

A whopping 738 million roses and more go through the airport into a system that keeps them fresh.

February 14

House Democrats plan to use minimum wage tactic

They see the issue as a political winner in Congress.

February 14

J.C. Penney replacing CFO as it continues efforts to rebound

The new executive should be able to help with ‘capital discipline,’ an analyst says.

February 14

Comcast’s purchase of Time Warner Cable likely to be bad for consumers, analysts say Several photos included in this story

They expect higher prices and more service problems, and so do current cable customers in Maine.

February 14

Federal investigators target N.C. coal ash spill

A federal investigation is launched into the accident that left a waterway polluted with tons of toxic sludge.

February 14

Google goes secretive on deals to buy companies

For the first time, it didn’t quantify its purchases in its annual report, probably for competitive reasons.

February 14

Poll: Pessimism prevails about American dream

Americans see an economic system that demands working harder than ever to get ahead and a political system that is unresponsive to their needs.