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Business

Obama Drops Proposal To Tax College Savings Plans

Wednesday, January 28, 2015

Washington — President Obama on Tuesday abandoned a proposal to end a major tax benefit of popular college savings accounts used by millions of American families after the White House faced mounting criticism from lawmakers and parents. White House officials said the backlash against the president’s plan became “such a distraction” that it was best to drop the proposal, which would have removed the ability of families to withdraw money …

CBO : Debt Interest Will Triple

Monday, January 26, 2015

Washington — The federal budget deficit will ease slightly to $468 billion this year, the Congressional Budget Office said Monday, but the agency warned that the mounting level of federal debt over the next decade would mean a tripling of interest payments and new spending constraints. The projected deficit, equivalent to 2.6 percent of the size of the economy, would be the smallest …

Social Security Q&A: Does SSI Have a Format for the Blind?

Sunday, January 25, 2015

Question : I have a relative who gets Supplemental Security Income for a disability. She is now legally blind and wants to receive information from Social Security in an alternative format. How do I help her? Answer: Social Security is dedicated to providing vital information in the most effective way for every individual. There are several ways to receive information from Social Security …

Business Notes: Jan. 25, 2015

Sunday, January 25, 2015

West Lebanon — The Mouse Menagerie announced Friday it would be closing soon after more than 20 years in business. Peg Howard, who has owned the gift shop with her husband, Kevin, for six years said in a …

Claremont Chamber of Commerce Names Interim Director

Sunday, January 25, 2015

Claremont — Kelly Murphy has been named interim executive director of the Greater Claremont Chamber of Commerce following the resignation of Melissa Richmond. Murphy , owner of The Nonprofit First Responder and the former director of philanthropy, community relations and marketing at Valley Regional Hospital, served in a …

GM Stops Selling Some SUVs Due to Tire Recall

Sunday, January 25, 2015

Detroit — General Motors has told dealers to stop selling almost 6,300 of its 2015 Chevrolet Traverse, GMC Acadia and Buick Enclave utility vehicles because of problems with tires that are part of a pending recall by Goodyear. Goodyear plans to recall 48,500 tires of which about 32,100 …

Lang McLaughry Real Estate Merges With Sotheby’s Firm

Sunday, January 25, 2015

Three prominent Northern New England real estate agencies have merged and affiliated with Sotheby’s International Realty in a move designed to extend the reach of their Vermont and New Hampshire residential listings to a national and global market. The principals of Lang McLaughry Real Estate and Four Seasons …

Money Talk: Good Savers Need to Build Credit

Sunday, January 25, 2015

Question: My wife and I are young (25 and 22). We owe no one money and have built up an emergency fund with six months of expenses. We both contribute enough to our 401(k)s to get the maximum match, and I contribute the maximum to my company’s stock …

Casting About for an Idea: Enfield Couple Lured to Start Custom Fishing Rod Business

Sunday, January 25, 2015

Enfield — A couple of years ago, on a fishing trip in Florida, Erica Faughnan and Jason Bosse saw their future ripple out in front of them. The Enfield couple were casting for redfish in the Gulf of …

How They Make It

Sunday, January 25, 2015

The first fishing rod Jason Bosse and Erica Faughnan made took more than five hours. Now the couple, who design and build custom-made fishing rods out of their historic 1804 Enfield home across the street from Mascoma Lake, can build one in five hours — although it can …

Winners and Losers of a Strong Dollar

Sunday, January 25, 2015

It’s a really good time to own wads of crisp, green American cash. As President Obama boasted during his State of the Union address last week, the U.S. economy is back. The job market is growing at a pace unseen in 15 years. The unemployment rate is lower …

A Test for Obama, New Saudi Leader

Sunday, January 25, 2015

Washington — In the late 1980s, a U.S. diplomat in Riyadh went to ask a small favor from then-Crown Prince Abdullah bin Abdul Aziz, who replied: A friend who doesn’t help you is no better than an enemy …

Unfulfilled Promise of the Crock-Pot

Sunday, January 25, 2015

Seventy-five years ago, an inventor named Irving Nachumsohn received a patent for the first commercially successful electric slow cooker. A few decades later, his device was more than just a beloved accessory in millions of American kitchens. The …