Economics

‘They that go down to the sea in ships’

For centuries, New England fishermen have provided much of the seafood for the world’s dinner tables. In 1623, the nation’s first fishing port was started in Gloucester, which became synonymous with the industry, and its iconic fisherman statue stands as a stark reminder of the dangers of farming the seas. While many have romanticized the fishing(...)

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Time for state to catch up on Airbnb tax

Time for state to catch up on Airbnb tax

Massachusetts is leaving money on the table

STARTING NOVEMBER 1, New Hampshire became the fifth and latest New England state to allow Airbnb to collect taxes on behalf of its community of hosts and guests, and remit that revenue to the state. The Granite State will join Connecticut, Maine, Rhode Island, and Vermont – as well as more than 300 other jurisdictions(...)

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Commission backs sticking with one type of ‘time’

Commission backs sticking with one type of ‘time’

But says no change should be made unless most NE states go along

STATE HOUSE NEWS SERVICE MASSACHUSETTS RESIDENTS WILL FALL BACK this weekend after all and will likely continue to adjust their clocks twice a year for the foreseeable future. A legislative commission studying whether the Bay State should shift permanently to Atlantic Standard Time — essentially the time zone that Massachusetts observes between March and November(...)

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Humira, a money-making machine, rolls on

Humira, a money-making machine, rolls on

Profit trumps patients in Abbvie-Amgen deal

IT IS WELL ESTABLISHED that US healthcare expenditures are dramatically higher than any other developed country by all measures. The total amount spent, the per capita cost, and the percentage of GDP consumed by healthcare are the highest here even though health outcomes are average and access is far from universal. The reasons for this(...)

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Chinatown residents protest short-term rentals

Chinatown residents protest short-term rentals

Says commercial operations driving up rents, squeezing residents

RESIDENTS MARCHED through the streets of Chinatown to the Massachusetts State House on Thursday to protest a short-term rental industry that they say is squeezing out residents of the downtown community. Short-term rental services such as Airbnb have become increasingly popular among tourists in the city as an affordable lodging alternative to pricier hotels. But(...)

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Business groups giving MBTA $500,000

Business groups giving MBTA $500,000

Head of CEO group says 7 organizations have pledged money

A COALITION OF BUSINESS GROUPS plans to give the MBTA $500,000 on Monday to help pay for initiatives to recruit, train, and retrain workers. MBTA officials announced a series of human resource initiatives on Monday that they hoped to launch with the help of a prominent business group, but they gave no indication of how(...)

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Are esports really sports?

Are esports really sports?

Lots of similarities, but there’s no consensus

OVER LABOR DAY WEEKEND, fans gathered at TD Garden to witness a spectacle unlike any previously hosted at the venue. The stage and venue configuration were similar to what one would find at a professional wrestling match, except that the competitors battled each other at computers instead of in a ring. An estimated 12,000 people(...)

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Perchance to dream

College campuses are anxiously waiting for President Trump’s decision on whether to dismantle or even substantially change the Deferred Action for Childhood Arrivals. DACA was an executive order from then-President Barack Obama in 2012 that stopped deportation of undocumented immigrants who were brought to the US as children and who pose no security threat. But(...)

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Don’t just sell, sell to your employees

Don’t just sell, sell to your employees

Few firms are familiar with worker ownership models

SMALL BUSINESSES IN MASSACHUSETTS will soon face a generational impasse. As baby boomers begin to retire, the businesses they have built will need new owners, but who these owners will be is still unclear. While baby boomers collectively own more than 50 percent of businesses with employees in America, only 28 percent of them have a(...)

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