They’re the ultimate political odd couple. One is a Democrat, the other a Republican, and while they fought bitterly back in their day, these former governors have set aside their differences to go on a quixotic quest.
About 3,000 manufacturing jobs have returned from offshore to the Northeast in the past five years, including 600 to Massachusetts, according to the Reshoring Initiative, a group that promotes US manufacturing. The higher costs of doing business in Massachusetts can work against the state, said Harry Moser, the group’s founder, but reshoring here is still attractive to some companies because of the skilled workforce and proximity to colleges and universities.
The agency charged with overseeing the real estate boom coursing through Boston is a dysfunctional bureaucracy, its system for reviewing projects erratic, with just a few powerful staffers deciding how new buildings will look using “unwritten rules,” according to a highly critical audit being released by City Hall Thursday.
Once again, the Greek debt crisis is causing stock markets around the world to tumble and raising questions about the long-term future and stability of the euro currency and the European Union. Could Greece’s woes wash up on the shores of Massachusetts and stall the state’s thriving economy, which has seen unemployment drop to the lowest levels since 2007?
The jobs picture keeps getting brighter in the Bay State. The Massachusetts unemployment rate slid to 4.6 percent in May from 4.7 percent the previous month, matching the low point before the so-called Great Recession began in December 2007, the state Executive Office of Labor and Workforce Development reported Thursday.
The Massachusetts economy has brushed aside the record snowfall that hobbled businesses earlier this year to post impressive gains in employment, wages, and consumer spending, outpacing the nation as a whole. And the state’s economic growth is expected to accelerate, according to a report by the New England Economic Partnership, a nonprofit group of regional economic researchers.