Most Recent
-
OBC to partner with UMaine athlete
Read more...
ORONO – An area brewery is partnering with a UMaine athlete in an attempt at mutual support.
Orono Brewing Company is in the process of establishing a relationship with Shanna Scribner, a University of Maine graduate student and track and field athlete. The new NCAA policy surrounding name, image and likeness (NIL) went into effect on July 1, greatly expanding the opportunities for college athletes to benefit from their relative celebrity.
This change – which sprang from a U.S. Supreme Court ruling in mid-June about possible antitrust violations stemming from the NCAA’s prohibition of athletes’ profit from their NIL – in turn led to 13 states passing legislation that began on July 1 either allowing college athletes to earn money from their NIL or prohibiting the NCAA from punishing those who did. In addition, another 11 states will have similar laws in effect by 2023.
Maine is not one of these states; with no legislation on the books, UMaine and other schools in the state will likely defer to NCAA guidelines.
The Scribner-OBC partnership started the same way so many things start these days – through the magic of social media.
-
Hit by a ransomware attack? Your payment may be deductible
Read more...
WASHINGTON (AP) — As ransomware attacks surge, the FBI is doubling down on its guidance to affected businesses: Don’t pay the cybercriminals. But the U.S. government also offers a little-noticed incentive for those who do pay: The ransoms may be tax deductible.
The IRS offers no formal guidance on ransomware payments, but multiple tax experts interviewed by The Associated Press said deductions are usually allowed under law and established guidance. It’s a “silver lining” to ransomware victims, as some tax lawyers and accountants put it.
But those looking to discourage payments are less sanguine. They fear the deduction is a potentially problematic incentive that could entice businesses to pay ransoms against the advice of law enforcement. At a minimum, they say, the deductibility sends a discordant message to businesses under duress.
-
Home sales surge, prices climb in Maine
PORTLAND (AP) — Home sales in Maine have continued to surge in spring.
Maine home sales increased by more than a third in April compared to a year ago, the Portland Press Herald reported. The median sales price also increased by more than a sixth, the paper reported.
The median sale price in the state was $276,000 for the month. Sales figures are also higher than pre-pandemic levels, said Aaron Bolster, a real estate broker and the president of the Maine Association of Realtors.
The trends in Maine were in line with national sales developments. Home sales around the U.S. increased nearly 30% in April from a year earlier, and prices also climbed about a fifth, the National Association of Realtors said.
-
AT&T, Discovery join media brands as cord-cutters encroach
Read more...
NEW YORK (AP) — AT&T will join its media operations with those owned by Discovery, creating a new company in a $43 billion deal that will oversee CNN, HBO, TNT and TBS along Discovery’s Food Network, HGTV and others.
With the agreement Monday, AT&T is pulling back from a yearslong campaign to break into the streaming and entertainment sector, where big players are slugging it out with increasingly large war chests dedicated to premium and original content.
That arena that has been flooded in the past two years with new players including those owned by AT&T and Discovery, which operate HBO Max and Discovery+, respectively.
Advertisements
The Maine Edge. All rights reserved. Privacy policy. Terms & Conditions.
Website CMS and Development by Links Online Marketing, LLC, Bangor Maine