economy

Why a cratering Wall Street hits Massachusetts state government extra hard

adamg — Tue, 07 Oct 2008 21:49:34 -0400

Think taxes on capital gains, CommonWealth Unbound explains:

... The downturn in the market is a nightmare for state budget officials who have become addicted to growing capital gains tax revenues. Between 2002 and 2006, according to MassINC research, capital gains tax revenues accounted for 54 percent of the state's growth in tax revenues. ...

Radio Boston on the World Financial Crisis

MarkNavin — Wed, 01 Oct 2008 14:05:54 -0400

Because of the growing crisis affecting our financial system, Radio Boston will be changing up our show this week, to look at local impacts. Let us know what you think at radioboston.org.

AIM's 2007-2008 Legislative Scorecard Underscores Need for Improvement in Massachusetts

Fri, 05 Sep 2008 15:36:12 -0400

Associated Industries of Massachusetts (AIM), the state's largest business advocacy organization with more than 7,000 Bay State businesses and institutions who collectively employ more than 675,000 employees, released the third edition of its biennial Legislative Scorecard. The Scorecard is designed to evaluate the pro-business voting record of each of the members of the Massachusetts Senate and House of Representatives.

It's Here

Barbara Diamond — Thu, 13 Mar 2008 14:10:55 -0400

Folks, it is time to stop talking about recession and deal with reality. We are headed into a full-blown depression. All the historical precedents have been met.

Retail Sales Plunge by 0.6 Percent

Unemployment is skyrocketing. We don't know how bad the problem is because the US government's figures cannot be trusted.

Right now 20% of American homes are in arrears on their mortgage payments. 20% are in trouble with the IRS. Those are depression era levels.

Which would you believe? Record-high foreclosure numbers or BostonNow?

adamg — Wed, 23 Jan 2008 13:36:06 -0500

Amy Derjue poses the question after reading a report on a 600% (!) increase in Massachusetts since 2005 and then following that up with a BostonNow report that the Massachusetts economy is doing just fine.