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June lets the air out of rising confidence
After gains in April and May, job insecurity and other realities lower consumer expectations.
[July 1, 2009]

Tumbling credit scores distress borrowers
To cut risk, lenders seek higher scores, putting credit further out of reach for more consumers.
[June 23, 2009]

Home construction up sharply in May
That and other economic news provide fresh evidence of slow recovery.
[June 17, 2009]

Jet orders trickle in at industry air show
Boeing comes up empty as slower military sales and the recession force it to focus more on exports.
[June 16, 2009]

For auto suppliers, risk isn't over until it's over
Cash infusions and timely payments by automakers avoid disaster, but now factory shutdowns loom.
[June 16, 2009]

Ten banks get to repay bailout funds
Experts say that's a sign of some stability returning to the financial system, but the crisis is far from over.
[June 10, 2009]

Hiring on the rise, but more people looking
Economists say that many employers are waiting for the economy to improve.
[June 10, 2009]

Government jobs ease stress
In the counties that enjoy relative prosperity, large numbers of workers get government paychecks.
[June 9, 2009]

GM reaches deal to sell Hummer
Other buyers are reportedly interested in Saturn and Saab.
[June 3, 2009]

GM: Owners, workers, retirees affected
Answers to common questions about the bankruptcy
[June 2, 2009]

Analysts expect recovery this year
More than 90 percent of economists say the recession will end in '09, and the rebound will be bumpy.
[May 27, 2009]

Geithner to execs: Don't worry about federal cap on pay
The U.S. will only impose broad limits, aimed at minimizing incentives to take big risks, the treasury secretary says.
[May 19, 2009]

Economy shows signs of stabilizing
Even as the trade deficit widens, economists say the worst of the declines are behind us.
[May 13, 2009]

As jobs grow scarce, new hire pay falls
Employers cut pay offered to new workers as a way to deal with the recession.
[May 13, 2009]

Bernanke expects upturn this year
But the jobless rate will likely climb 'somewhere' around 9 percent, he says.
[May 6, 2009]

S&P rebounds on housing gains
The market indicator has soared 34.1 percent since a rally began on March 10.
[May 5, 2009]

Bills aim to cut down on mortgage fraud
A Senate measure would provide $265 million to enhance enforcement.
[April 29, 2009]

Glimmer of hope as prices for homes fall in 20 cities
The average cost drops in February by 18.6 percent from a year ago, breaking a string of record declines.
[April 29, 2009]

FDIC: Bailout fund is healthy
Chairman Sheila Bair also calls for a system to keep banks from getting 'too big to fail.'
[April 28, 2009]

Big bank earns more than expected
Goldman Sachs says its strong quarter will help it repay its bailout debt to the U.S. government.
[April 14, 2009]

Bankruptcies jump, despite law meant to rein them in
The recession gets the blame for a surge in U.S. filings, including a 51 percent increase in Maine.
[April 14, 2009]

Recession putting squeeze on public pensions
States want government workers to retire later and pay more toward retiree health care and pensions.
[April 7, 2009]

Mortgage scams in cross hairs
'Stay away from anyone who says that they will save your home for money upfront,' one official warns.
[April 7, 2009]

Lost job? What a worker needs to know
Unemployment raises plenty of questions. Here are some answers to some of the frequently asked ones.
[April 5, 2009]

Groups cancel Portland office, garage project
MaineHealth and United Way say the current credit crunch has made their plans unaffordable.
[April 5, 2009]

U.S. seeks new regulatory powers
The treasury secretary and Fed chief ask for greater authority over financial companies.
[March 25, 2009]

Plan targets banks' troubled assets
The government aims to help banks shed their real-estate securities and get back to making loans.
[March 24, 2009]

Paving project on I-295 putting stimulus to work
The $31.5 million project will add jobs and create a positive ripple effect throughout the state.
[March 23, 2009]

Plans try to fix banking crisis, financial rules
Up to $1 trillion will be available to get toxic assets off the books of banks and free up loan funds.
[March 23, 2009]

At Maine Mall, bustle loses steam
The recession and competition thin out stores and crowds, but new shops are coming and the owner is staying afloat.
[March 20, 2009]

Surge in housing starts seen as blip
Experts say February's 22 percent gain is temporary, but it's enough to push up home builder stocks.
[March 18, 2009]

New job for laid-off women: full-time mom
Layoffs have affected many working mothers, and some relish spending more time with their kids.
[March 11, 2009]

Buffett: We 'will be all right'
The billionaire investor says the economy will improve, but the jobless rate and inflation will rise.
[March 10, 2009]

Housing slump attracting investors to Detroit
Foreclosures are making well-built, single-family homes available for less than $10,000.
[March 9, 2009]

Job losses a signal of worsening pain ahead
The 8.1 percent unemployment rate, the highest in 25 years, is likely to add to troubles in the housing and banking sectors.
[March 7, 2009]

As two firms buckle, a third battles back
Employees save 150 IntelliCare jobs, create SironaHealth
[March 6, 2009]

[March 6, 2009]

Program aims to spur consumer lending
The Fed offers billions in financing to investors to buy up the debt.
[March 4, 2009]

Fed chief defends rescue of AIG
The insurance giant has received aid four times, and lawmakers wonder if the bailout will work.
[March 4, 2009]

AIG's latest infusion: $30 billion
The lifeline, however, is less than half the amount of money the company has lost in three months.
[March 3, 2009]

Radio stations cut costs in economic downturn
Portland stations have imposed salary reductions, layoffs and other cuts to reduce costs.
[February 27, 2009]

U.S. could expand ownership of banks
By converting its shares, the government could avoid nationalizing or tapping taxpayer money.
[February 24, 2009]

[February 24, 2009]

Ford, union reach deal on how to fund trust
The agreement allows the automaker to make payments with stock in addition to cash.
[February 24, 2009]

In bad times, entrepreneurs try to carve a good niche
A lousy economy forces businesses to be creative, owners in Maine say, and that can make them stronger.
[February 22, 2009]

Maine tourism weathering the economic chill
Outdoor enthusiasts appear to be staying close to home, giving Maine businesses a lift.
[February 22, 2009]

In comes Goliath, down go prices
Expect grocery bills to shrink as Wal-Mart expands in Maine
[February 20, 2009]

Dow falls to lowest level since ’02
The index closes below 7,500 – ‘definitely a blow to psychology,’ one investment strategist says.
[February 20, 2009]

Grim week for jobless: 5 million get benefits
On top of that record, a surge in new claims will add to the ranks of those already getting assistance.
[February 20, 2009]

Auto bailout: Where does the help end?
GM and Chrysler likely will need more aid, as the Obama administration searches for solutions.
[February 19, 2009]

Learn More

General

Maine Answers Tough Times:
A collection of helpful links

Banks

Does your bank have toxic assets?
Learn about your bank's financial details.

Resources for the unemployed

Read Getting Covered: Finding Health
Insurance When You Lose Your Job

FAQ about COBRA from US Labor Dept

Health care resources from the Maine
Career Center

Link to article about additional COBRA
benefit proposed by the Baldacci administration

Read Navigating Maine's Health Care System
from Consumers for Affordable Health Care.

COBRA information for employers

Applying for unemployment benefits in Maine


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