E30: Are we in a Recession?

Executive Summary Recessions are a normal part of the business cycle. Economies grow and contract with peaks and troughs of activity. Since 1857, the U.S. economy has experienced 34 business cycles of growth and recession, with recessions occurring on average about once every 5 years. Since WWII, that average has shrunk to once in every […]

Maine Seniors: Property Tax increases may be thing of the past!

U.S. housing prices are up substantially over the past two years, and that’s been felt keenly here in Maine.  One effect of this increase has been re-assessments of properties by municipalities and resulting tax increases.  These increases can be particularly hard on senior citizens whose incomes may not see adjustments adequate to pay the increased […]