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Business

Wynn Resorts Wins Casino Bid

Wednesday, September 17, 2014

Boston — Wynn Resorts has won the competition for the lucrative Boston-area casino license, besting rival Mohegan Sun largely on the strength of its $1.6 billion project’s economic development potential. The Massachusetts Gaming Commission voted 3-to-1 Tuesday to award the license to the Las Vegas casino giant, which wants to turn a former chemical plant site on the Mystic River in Everett into a gleaming casino resort. A final vote …

Going Green In Vermont Hits Milestone

Monday, September 15, 2014

Burlington — Vermont’s largest city has a new success to add to its list of socially conscious achievements: 100 percent of its electricity now comes from renewable sources such as wind, water and biomass. With little fanfare, the Burlington Electric Department crossed the threshold this month with the purchase of the 7.4-megawatt Winooski 1 hydroelectric project on the Winooski River at the city’s …

Social Security Q&A: Will Private Policy Reduce Disability Benefit?

Sunday, September 14, 2014

Question: I’m thinking about getting disability protection from a private company. If I become disabled and have a private policy, would it reduce my Social Security disability benefit? Answer: No. Having private insurance does not affect your eligibility for Social Security disability benefits. But you may be interested to know that workers’ compensation and certain other public disability payments may affect your Social …

Here’s the Proof That Math Is Hot These Days

Sunday, September 7, 2014

Math — the “m” in STEM — is probably the least glamorous of all the STEM fields. Go ahead — just try to name one celebrity mathematician (Russell Crowe as Princeton math legend John Nash in A Beautiful Mind doesn’t count). But all that could be changing. The …

Quake Jolts Napa Harvest

Sunday, September 7, 2014

Napa, Calif. — The first pinot noir grapes of the season came in to Trefethen Family Vineyards as usual, glistening purple mounds stacked in white bins. Well, almost as usual. This year, harvest workers donned safety vests and …

USDA to Buy $13 Million in Salmon

Sunday, September 7, 2014

Juneau, Alaska — The U.S. Department of Agriculture has agreed to buy up to $13 million in canned pink salmon to ease a glut that has weighed down prices for Alaska fishermen. In July, Gov. Sean Parnell asked the USDA to buy $37 million worth of canned fish …

Reassessing Bretton Woods, and the Supremacy of the Dollar

Sunday, September 7, 2014

Bretton Woods, N.H. — Seventy years ago, in this tiny White Mountains resort community, the world’s financial gurus gave birth to a new international system, including creation of the World Bank and International Monetary Fund, designed to avert another Great Depression and pave the way for sustained, non-inflationary …

Fed: Median Incomes Fall for All but Richest

Sunday, September 7, 2014

Washington — Only the rich saw their incomes benefit from the economic recovery during 2010-2013, as earnings stagnated or fell for all others, a report from the Federal Reserve showed last week. Median income adjusted for inflation rose …

Job Numbers For August Called ‘Blip’

Sunday, September 7, 2014

Washington — “Fluke.” “Volatile.” “Statistical blip.” “Subject to revision.” Those were the words that economists turned to as they described Friday’s August report on U.S. employment. Payrolls climbed by 142,000 workers, less than the 230,000 median forecast of …

Eating Habits of Poor Americans on Decline

Sunday, September 7, 2014

Income inequality isn’t the only gap the United States needs to mind these days: The country is amassing a sad and expensive discrepancy between what its poor and rich eat. The wealthiest people are eating better, while diets of the poorest are getting worse, according to a new …

Retirement-Saving Changes That Could Affect Your Plans

Sunday, September 7, 2014

Retirement savers will have a few new wrinkles to contend with this fall as new policies take effect and Congress continues to battle budget woes. Fledgling savers are likely to see new government-backed accounts, and some states are looking to roll out their own plans, while some of …

The ‘Spiral of Silence’

Sunday, September 7, 2014

Washington — People who use Facebook and Twitter are less likely than others to share their opinions on hot-button issues, even when they are offline, according to a surprising new survey by the Pew Research Center. The study, …

Wheels: Friendly to The Environment, but Not Your Wallet

Sunday, September 7, 2014

New York — Range anxiety disappeared 35 miles into our 250-mile drive here from our home in Virginia. It mostly was an uneventful passage, marked by an instrument-panel indication that the 2014 Cadillac ELR plug-in gas-electric hybrid coupe …