The economics of Maine life

National

A bittersweet end to Recovery Summer, corporate profits soar and Goldman Sachs gets Auto-Tuned

In the same vein as Justin’s Signal Watch, or Mario’s In The Know, The Haul is kicking off an end-of-the-week Business Round-up for national business and economic news. Follow what I’m reading and make suggestions on Twitter. I’m also kicking …

North America’s biggest buyer of lobster looks to grow their own

North America’s largest buyer of lobster is looking to set up overseas farms to raise their own rock lobster, ultimately reducing their demand for clawless crustaceans caught by fishermen. The move is pretty far down the line and likely will …

Snowe will back financial overhaul bill

“To ensure we avoid another financial catastrophe such as the one that plunged our nation into the worst recession since the Great Depression, it is imperative that we implement an aggressive overhaul of the American financial regulatory system,” she said today in a news release.

Business groups make final push before financial reform vote

The Chamber of Commerce and other national business groups are planning a last-minute push to sway senators — including Maine Republicans Olympia Snowe and Susan Collins — into blocking the financial reform bill when the Senate reconvenes July 12. Reuters …

Private sector not recovering fast enough for long-term unemployed

As expected, today’s June jobs report from the Department of Labor held some bad news for the U.S. economy. Overall, the U.S. shed 125,000 jobs in June. Only 83,000 jobs were created in the private sector in June. Though it …