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Unemployment benefits increase slows for the week

Wed, 01/07/2009 - 7:57am -- tim

Week Ending January 3, 2009: There were 1,730 new regular benefit claims for Unemployment Insurance last week, a decrease of 878 from the week before.  Altogether 15,600 new and continuing claims were filed, 1,919 more than a week ago and 3,802 more than a year earlier. In addition, the Department processed 2,267 claims for benefits under Emergency Unemployment Compensation, 2008, an increase of 30 from last week.
The Unemployment Weekly Report can be found at:

Peter Freyne, 1949-2009

Wed, 01/07/2009 - 4:44am -- tim

Peter Freyne never missed a deadline in the 13 years he worked for Seven Days. He delivered his political column, "Inside Track," every Tuesday by 4 p.m. and was never subtle about it. Shortly after emailing his article, Freyne would show up at the office to answer questions, argue, check last-minute facts and, depending on his mood, terrorize our staff. His column was the last thing we squeezed into the paper before sending it to press. So it's ironic - not to mention premature and terribly sad - that Peter Freyne left this Earth early on a Wednesday.

Welch appointed to influential Energy and Commerce Committee

Tue, 01/06/2009 - 7:43am -- tim

Rep. Peter Welch was named to the influential House Committee on Energy and Commerce Monday night, Speaker Nancy Pelosi announced.
Energy and Commerce has broad jurisdiction, including oversight of five Cabinet-level departments and seven independent agencies, as well as legislative authority over energy policy, health care, telecommunications, trade, and the environment. The committee s areas of jurisdiction align not only with Welch s top priorities but with a broad swath of President-elect Obama s legislative agenda.

Booth registration for the 25th Annual Vermont Business and Industry EXPO is now open

Tue, 01/06/2009 - 5:24am -- tim

Booth registration for the 25th Annual Vermont Business and Industry EXPO is now open!  The trade show is scheduled for May 20 & 21, at the Sheraton Hotel and Conference Center in Burlington, Vermont.
In today's economy, your company cannot afford to hide in the shadows.  Get in front of the business community and use EXPO as your key marketing vehicle for 2009. 

Phil Benedict retires from Agency of Agriculture after nearly 38 years of service to the state

Tue, 01/06/2009 - 5:19am -- tim

Montpelier, Vt Secretary of Agriculture Roger Allbee has announced that long-time agency employee and Director of the Agricultural Resource Management & Environmental Stewardship (ARMES) division has retired from the agency.
Since Phil came on board here at the agency, he has been a champion and tireless advocate for the farming community and agriculture in our state, said Allbee. He has been a close advisor and friend to me and he will be missed personally and professionally.

CVPS, IBEW agree to five-year contract

Tue, 01/06/2009 - 5:13am -- tim

The International Brotherhood of Electrical Workers Local 300 and Central Vermont Public Service have agreed to a new five-year contract, the longest in company history, following interest-based negotiations.
The new contract, affecting 216 unionized employees, was approved this morning and takes effect at midnight tonight, when the existing contract expires.

Merchants Bancshares, Inc. Declines Offer to Participate in Capital Purchase Program under the Troubled Asset Relief Program

Mon, 01/05/2009 - 11:31am -- tim

Merchants Bancshares, Inc. (Nasdaq: MBVT) and its wholly-owned subsidiary bank, Merchants Bank (collectively, "Merchants"), have determined not to participate in the Capital Purchase Program (the "CPP") of the U.S. Treasury's Troubled Asset Relief Program (TARP). Under the CPP, the U.S. Treasury will make $250 billion of capital available to U.S.

Green Mountain Coffee Roasters Extends Agreement with McDonald's to Offer Newman's Own Organics Coffee in New England & Albany

Mon, 01/05/2009 - 8:00am -- tim

Green Mountain Coffee Roasters, Inc. (NASDAQ: GMCR) has extended its agreement with McDonald's USA, LLC to source, roast and package Newman's Own® Organics Blend coffee for more than 600 McDonald's restaurants in Massachusetts, Connecticut, Rhode Island, Vermont, New Hampshire, Maine and Albany, NY. McDonald's first introduced Newman's Own Organics coffee roasted by Green Mountain Coffee, a segment of GMCR, to its restaurants in New England and Albany, NY in October 2005.

VT Family Income Hits Record High in 2007

Mon, 01/05/2009 - 7:15am -- tim

Median family income in Vermont rose to a record high of $65,786 in 2007, according to The Vermont Economy Newsletter's annual analysis of just-released Vermont Tax Department income data.  The income earned by the median family (half of all families earn more and half earn less than the median) rose by 4.6% or $2,900 in 2007.
While incomes grew by 4.6%, prices increased by 2.8%, yielding an inflation-adjusted income growth rate of 1.7%.