Economy

Middle class ‘slowly clawing its way back’

Middle class ‘slowly clawing its way back’

But in Boston, housing costs may swamp any gains

THE AMERICAN DREAM has long been predicated on a strong and growing middle class. That’s why there has been so much talk in recent years about the withering of that dream. Growing income inequality and stagnant wages among all but those at the top have made the goal of a stable middle-class life an elusive(...)

Read More »

Boston’s brand as tech destination is muddled

Boston’s brand as tech destination is muddled

State, industry, academia need to get on same AI page

WHEN WE CHOSE BOSTON as the US beachhead for our international software company, we knew we’d get a critical benefit: close proximity to innovators and other highly skilled professionals. Boston’s relatively easy access to Europe, where we do much of our business, also helped with our decision. But we also knew what we wouldn’t be(...)

Read More »

Airbnb goes inhospitable

Airbnb goes inhospitable

The home-sharing site lays into Boston City Councilor Michelle Wu for her proposed restrictions

GO ON THE Airbnb website and you feel like you’ve landed in a cool world with interesting people who could become your friends. “Book unique homes and experiences all over the world,” is the message greeting visitors to the company’s homepage. The message to those who would stand in the path of the multibillion-dollar home-sharing(...)

Read More »

Hollywood haves and have-nots

Hollywood haves and have-nots

Film tax credit economic benefits flow primarily to Greater Boston

NEW BEDFORD MAYOR JON MITCHELL thinks his city, with its gritty harbor, its cobblestoned streets, its mill buildings, and its sweeping ocean views, has Hollywood appeal. Hollywood also appeals to him, not because he has any red carpet aspirations himself, but because of what he thinks a movie or a TV series could do for(...)

Read More »

Lottery winners not getting full prize value

Lottery winners not getting full prize value

Promised merchandise worth $548, but items worth far less than that

THE WINNERS OF two second-chance drawings offered by the Massachusetts Lottery are getting shortchanged, collecting merchandise worth far less than what they were promised. Second-chance games do what the name implies, give losing instant ticket holders the opportunity to win in a second drawing that offers money prizes as well as “pick your prize” packages(...)

Read More »

1099 Nation spreads its tentacles

1099 Nation spreads its tentacles

Employees in every sense of the word — but without the benefits 

JULIO BELDI SPENT more than 10 years working in the seamy underside of the non-union construction industry.  Paid $17-$22 an hour for his work as a carpenter across New England, Beldi was compensated either in the form of a check with no deductions or with straight cash. Some of his employers treated him as an “independent(...)

Read More »

BI-Lahey merger gets a break on cost growth

BI-Lahey merger gets a break on cost growth

State officials remove benchmark mandate they enforced with Partners

STATE HEALTH OFFICIALS stripped language from a document that would have required the merger of Beth Israel Deaconess Medical Center and Lahey Health to prove they’ll meet legislatively mandated cost growth benchmarks, a requirement officials made sure was adopted as part of the recent merger between Partners HealthCare and Massachusetts Eye and Ear Infirmary. The(...)

Read More »

Congress (surprise!) leads way on financial aid

Congress (surprise!) leads way on financial aid

State needs to step up higher ed funding in upcoming budget

THE SPENDING BILL passed by Congress finally recognizes what educators, students, and business leaders have been saying for years: Without a robust and affordable higher education system, we will not be able to succeed in the increasingly competitive global marketplace. This bill should serve as a model for Massachusetts legislators as they prepare their own(...)

Read More »