Current News

by tim

Given that she was sharing the speaker’s platform with Pulitzer Prize-winning novelist Annie Proulx, a less confident person than Nina Totenberg might have had second thoughts about starting her speech at the University of Vermont’s 2014 commencement Sunday morning with two extended pieces of creative writing.

But courage, mixed with intelligence, verve and humor, has been the hallmark of Totenberg’s 40-year career covering legal affairs for National Public Radio, so she launched quite happily into two rhyming odes to graduates, one for the women and one for the men in the audience. Both were variations, in multiple stanzas, on the commencement-appropriate theme of wanting to have it all.

Proulx, a UVM alum who received an honorary degree at the ceremony along with Totenberg, wasn’t visible, but one can imagine her smiling at lines like:

I want to be Loretta Lynch and Loretta Lynn

Lock 'em up and sing a hymn.

by tim

Progress for Vermont

by Governor Peter Shumlin We convened the legislative session in January with the goal of making this economy work for every single Vermonter and resolving the challenges that undermine our quality of life. It was an agenda focused on jobs, quality of life, our environment, and making Vermont a place that works for everyone, not just those who are already doing well. Five months later, we have taken great steps toward that goal.

by tim

The University of Vermont officially broke ground May 15 on its $104 million STEM project, the largest capital project in UVM history. Speakers at the event included Governor Peter Shumlin, who has urged the university to produce more STEM graduates to meet the needs of Vermont’s high-tech sector, as well as Burlington Mayor Miro Weinberger, UVM Board of Trustees chair Deborah McAneny, president Tom Sullivan, doctoral student Lane Manning, and Richard Bundy, president and CEO of the University of Vermont Foundation.

Trustees chair Deborah McAneny aboard an excavator during the groundbreaking. Sally McCay photos.

by tim

Lieutenant Governor Phil Scott issued the following statement in response to the House and Senate passage of S138. “Paving the way toward a more prosperous future for Vermont requires putting our full focus on growing the economy," Scott said. "Today, with the passage of S138, the Vermont House and Senate took a solid first step down that path. This bill makes it easier for entrepreneurs to access capital, repeals the cloud tax, provides assistance to first-time homebuyers, invests in marketing Vermont as a place to live, work and play, facilitates the creation of a trained, modern workforce, and starts discussions at both the regional and statewide levels on a number of fiscal priorities.

by tim

by Anne Galloway vtdigger.org After two weeks of intense back and forth, Vermont Governor Peter Shumlin and lawmakers have agreed to a $29.6 million tax package. Shumlin had insisted that lawmakers find more budget cuts, and he used his bully pulpit to push back on the elimination of income tax deductions proposed by the Legislature.

Smith Shumlin Campbell

by tim

The University of Vermont will celebrate its 214th Commencement on Sunday, May 17. Since Sunday’s forecast calls for pleasant weather, the University Commencement Main Ceremony and College of Arts and Sciences Ceremony will take place outdoors on the University Green. Graduates and guests are urged to dress appropriately for the weather. Tickets are not required.

Nina Totenberg, National Public Radio Legal Affairs Correspondent, will deliver the commencement address at the Main Ceremony.

UVM Commencement 2014. Sally McCay photo.

Faculty and graduates dressed in academic regalia are asked to assemble for the Main Ceremony academic procession on the Bailey-Howe/Davis Center Green at 7:45 a.m. The ceremony will begin at 8:20 a.m.

by tim

Berkshire Bank, America’s Most Exciting Bank®, has announced its winner for “Get Pumped Gas for a Year Sweepstakes.” David and Terrie Churchill of North Clarendon, VT were awarded $2,000 as the winners of the Get Pumped Sweepstakes. More than 2,600 entries were received for the sweepstakes, which included consumers applying for a new or used auto loan, website entries and Berkshire Bank customers with current auto loans.

Whether you're buying a new or used car—or you want to refinance the car you have—Berkshire Bank can help steer consumers in the right direction. Berkshire’s online application takes only five minutes to complete, includes a credit check that does not affect one’s credit score and pre-approves applicants in one hour. The application process informs consumers how much they’re pre-approved to borrow, helping them stick to a budget.

by tim

Vermont Business Magazine after three weeks of tumult, weekly unemployment claims in Vermont showed little change last week. For the week, there were 504 new, regular benefit claims for Unemployment Insurance in Vermont, a decrease of 11 from the previous week's total and 32 fewer than they were a year ago. Generally, claims have been running below last year's totals.

Altogether 5,543 new and continuing claims were filed, a decrease of 978 from a week ago, and 746 fewer than a year ago. The Department processed 0 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08), the same as the previous week.

by tim
Quantum physics on tap: Nano-sized faucet offers experimental support for longstanding quantum theory

We all know intuitively that normal liquids flow more quickly as the channel containing them tightens. Think of a river flowing through narrow rapids. But what if a pipe were so amazingly tiny that only a few atoms of superfluid helium could squeeze through its opening at once? According to a longstanding quantum-mechanics model, the superfluid helium would behave differently from a normal liquid: far from speeding up, it would actually slow down.

For more than 70 years, scientists have been studying the flow of helium through ever-smaller pipes. But only recently has nanotechnology made it possible to reach the scale required to test the theoretical model, known as the Tomonaga-Luttinger theory (after the scientists who developed it).

by tim

by Anne Galloway vtdigger.org Negotiations fell apart Thursday night on the budget, tax and health care bills, even as lawmakers got closer to the new magic number: $30 million. That’s the amount budget-writers need in revenue to fill a remaining gap in the General Fund. The number has dropped from $35 million just a few days ago as lawmakers continue to scrub the budget for more savings.

Lawmakers appear to be getting closer to agreement on the money bills, but talks with the governor, who has issued thinly veiled veto threats, didn’t make sufficient headway.

If legislators aren’t able to finalize the bills by this afternoon, prospects for Saturday adjournment could dim. The budget has to be printed later today in order to meet that deadline. Extending the session means appropriating more money to keep lawmakers in the Statehouse beyond the 18 week mark.

by tim

by Timothy McQuiston Vermont Business Magazine FairPoint Communications, Inc (Nasdaq: FRP), this morning announced workforce restructuring actions that will result in a reduction of approximately 260 positions across the 17 states in which it operates, including the closing of its call center in South Burlington, Vermont. A union representative said 73 unionized workers in Vermont (22 percent) will lose their jobs. According to a FairPoint statement, this action, combined with other headcount reductions over the past two years, approximates the level of voice line loss the company has experienced in that period. FairPoint is Vermont's largest telecommunications company.

by katie

Sen. Bernie Sanders (I-Vt.) voted “nay” today as the Senate advanced a proposed 12-nation Pacific Rim trade deal. In a floor speech before the 65-33 roll call vote, Sanders detailed four key reasons why the proposal would be bad for American workers and consumers.

The Trans-Pacific Partnership would follow in the footsteps of other disastrous trade pacts. The North American Free Trade Agreement, Permanent Normal Trade Relations with China and other trade deals are a major reason why some 60,000 American factories closed since 2001 as manufacturers shifted jobs to low-wage nations overseas and 4.7 million American jobs disappeared. “Why would we approve another trade deal like those that have failed so miserably,” he asked.