By Paul Krugman Do you remember the economy of the late 1990s? Or if you’re too young to remember it — I hope that’s true for at least some of my readers — what have you heard about it? You probably remember it as a time of prosperity — low unemployment and rapid economic growth combined […]
By Hannah Green A 10-year-old AI drug discovery company is moving its headquarters from New York to Massachusetts. Insilico Medicine has leased space at 1000 Massachusetts Ave. in Cambridge. The company was previously based out of an office at Cure, a New York City healthcare innovation campus, where it plans to keep a presence as it expands in […]
By Grant Welker Somerville’s Assembly Row will soon welcome a second location of Davis Square favorite Posto, a new concept from the group behind Papagayo and Civility Social House, and a fifth location of Amelia’s Taqueria. Posto will open a nearly 6,000-square-foot space with a full-service dining room, cafe and take-out market at the recently closed FRANK in […]
By Jim Morrison Three-deckers were once a reliable and well-worn path for working-class, Boston-area families to get into the housing market and build considerable wealth over time. The owner often moved into the first-floor unit, and the rents from the upper floors would cover the monthly mortgage. That was the plan, anyway. Last year, according to Multiple […]
By Brooke Sutherland and Sri Taylor Boston Mayor Michelle Wu is seeking to raise commercial property tax rates to help protect homeowners from the brunt of the historic slump in office property values. Wu has submitted a petition for a temporary increase of the city’s tax-rate ceiling for commercial properties relative to residential levies. The proposal aims to redistribute the tax burden […]
By Ashley Fahey The outlook for the U.S. office market remains bleak, with the national vacancy rate hitting another high in the first quarter of this year and losses continuing to mount on loans backed by towers across the country The vacancy rate reached 19.8% in Q1, a new record by Moody Analytics Inc. standards and a rate that’s 50 […]
By Sam Goldfarb and Nick Timiraos Stubborn inflation pressures persisted in March, derailing the case for the Federal Reserve to begin reducing interest rates in June and raising questions over whether it can deliver cuts this year without signs of an economic slowdown. The consumer-price index, a measure of goods and services prices across the economy, rose 3.5% in […]
By Greg Ryan Brookline wants part of its stretch of Route 9 to be more like Newton’s, and a Boston-based real estate developer is poised to benefit. The town of Brookline is launching an effort to rezone its land on a half-mile of Route 9 from Hammond Pond Parkway to Dunster Road. Most of the property sits on […]
By Micheline Maynard Five years ago, Whole Foods quietly tested an idea. The massively popular grocer rolled out a smaller-sized store, something along the lines of a New York City bodega — the kind of corner markets that sell everything from breakfast sandwiches to yogurt and paper towels. Turns out, customers liked the concept. But then […]
By Paul Hannon Central banks should resist the temptation to lower their key interest rates too early and risk a resurgence of inflation and a fresh bout of policy tightening, the head of the International Monetary Fund said Thursday. In a speech ahead of a twice-yearly gathering of economic policy makers from around the world next […]
