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Report: Tiny price gaps cost investors billions

Sat, 01/25/2020 - 12:10pm -- tim

Vermont Business Magazine Imagine standing in the grocery store, looking at a pile of bananas. On your side of the pile, the manager has posted yesterday's newspaper flyer, showing bananas at 62¢ per pound—so that's what you pay at the register. But on the other side of the pile, there's an up-to-the-minute screen showing that the price of bananas has now dropped to 48¢ per pound—so that's what the guy over there pays. Exact same bananas, but the price you see depends on which aisle you're standing in.

VT100+: Mamava ranks #1 over 5 years

Sat, 01/25/2020 - 4:04am -- katie

VTrans to close I-89 northbound travel lane between exits 18 and 19

Fri, 01/24/2020 - 4:26pm -- tim

Vermont Business Magazine After round-the-clock monitoring of an emergent situation on Interstate 89 in Georgia, the Vermont Agency of Transportation (VTrans) will close the northbound right lane between exits 18 and 19 today at approximately 6:00 p.m., after the evening rush-hour commute. A 600-foot-long concrete culvert that runs under I-89 at milemarker 106.69 is failing after damage that occurred during the Halloween 2019 rainstorm.

General and Education Funds above targets, Transpo below

Fri, 01/24/2020 - 4:02pm -- tim

Vermont Business Magazine Revenue collections continued to show strength in the personal income tax, rooms & meals tax and even the sales tax for the month of December 2019. Meanwhile, the corporate tax followed recent behavior with a wild swing, this time down, and the Transportation Fund-related revenues disappointed again. General Fund revenues collected for the month totaled $137.94 million, or $5.11 million above the monthly consensus revenue target. Year to date, General Fund revenues exceeded their target by $15.40 million, or 2.12%.

VT joins lawsuit to stop 3D-printed 'ghost guns'

Fri, 01/24/2020 - 1:06pm -- tim

Vermont Business Magazine Attorney General Donovan joined a lawsuit yesterday challenging the Trump Administration’s latest effort to allow 3D-printed gun files to be released on the internet. These files would provide access to blueprints for 3D-printed firearms, also known as “ghost guns,” that are unregistered, untraceable, and difficult to detect.

As a result of a previous multistate lawsuit, a federal judge struck down the Trump Administration’s prior attempt to allow the release of the files.

Vermont Tech, CCV collaborate on manufacturing program

Fri, 01/24/2020 - 12:21pm -- tim

Vermont Business Magazine Vermont Technical College, in collaboration with Community College of Vermont (CCV), will offer a Principles of Manufacturing class at the Williston Campus starting February 27. Eligible parents can enroll at no cost via the Strengthening Working Families Initiative (SWFI), a grant funded program through Vermont Tech.

Vermont Air Guard fighter wing trains in Florida

Fri, 01/24/2020 - 11:55am -- tim

Vermont Business Magazine Women and men of the 158th Fighter Wing are training at Eglin Air Force Base, Florida, returning to Vermont in late March. Members, aircraft and support equipment departed this week for a training event known as Southern Lightning. Over 100 airmen from primarily Maintenance and Operations Groups will fly and maintain F-35 operations throughout the training period, developing their readiness while off-station.   

Unemployment rate holds at 2.3 percent for December

Fri, 01/24/2020 - 10:58am -- tim

by Timothy McQuiston, Vermont Business Magazine The December 2019 unemployment rate was unchanged from last month, but the three major data points were all worse from November and both the Labor Force and Employment were worse from a year ago. However, the Unemployment numbers from last year improved by over thousand and the rate itself is down three-tenths. The Vermont Department of Labor released data on the Vermont economy Friday morning. According to household data, the seasonally-adjusted statewide unemployment rate for December was 2.3 percent. The preliminary data released in December shows a labor force participation rate of 65.6 percent which is the lowest statewide level since September 1977. The seasonally-adjusted Vermont data for December show the Vermont civilian labor force decreased by 946 from the prior month’s revised estimate. The number of employed persons decreased by 1,021 and the number of unemployed persons increased by 75. The change to the number of employed persons was statistically significant in the seasonally-adjusted series. The comparable United States unemployment rate in December was 3.5 percent, which was also unchanged from the revised November estimate. Vermont continues to have the lowest rate in the nation, tied with South Carolina and Utah. New Hampshire is number 6 at 2.6 percent.