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Archive for the 'Boston business' category


‘Cash For Caulkers’ Will Create Jobs

The nation’s homebuilders are throwing their support behind a $6 billion proposal to provide rebates to homeowners who make energy-saving home improvements.
President Barack Obama announced the so-called ‘Cash for Caulkers’ program earlier this week.
Economists for the National Association of Home Builders estimate that every $1 billion in remodeling and home improvement activity generates 11,000 jobs, [...]



Voices from the Basement

From today’s Boston Herald: Film celebrates long history of Hub department store. A one-hour documentary about the original Filene’s Basement in Boston’s Downtown Crossing will premiere this spring. More than five years in the making, the film recounts the now-closed Basement’s history and stories of its workers and shoppers – including, “60 Minutes” newsman [...]



IRS Trivia Question?

What music does the IRS play when they put you on hold?
Answer: Tchaikovsky’s The Nutcracker. Yes, the same IRS with enough individual forms to decimate an entire rain forest came up with: one song. Therefore, you hear “The March” ad nauseum for the entire duration of your stay on hold. Which could be hours – [...]



Online job postings plummet in Boston

From the Boston Business Journal:
Online job postings — a key barometer for future hiring —have plummeted roughly 25 percent in Boston and surrounding areas since the credit crisis took root last year, another sign that the economy has a long way to go, in terms of recovery.
In fact, the fall off in demand among potential [...]



Boston real estate and job losses bottoming out(or not)

Bottoming out (or not)
The latest conventional wisdom is that the avalanche of layoffs seems to be tapering off. Job losses are still heavy, nationwide and in Boston, but not as bad as a few months ago.
But the New York Times’ economics writers came across an interesting blog written by Jeffrey Frankel, a Harvard economist, [...]



Mass Unemployment increased to 8%

The Massachusetts unemployment rate increased to 8 percent in April from 7.7 percent in March, the state’s Executive Office of Labor and Workforce Development reported today.
The March rate was originally estimated at 7.8 percent, the office added.
The national unemployment rate climbed to 8.9 percent in April from 8.5 percent in March, the office said [...]




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