Tagged: Economy

MEDFORD, Ore. -- Representatives from the Northwest released not one, but two controversial forestry bills Thursday. Both would channel funds from timber sales to rural counties. Amelia Templeton reports.

OLYMPIA, Wash. – Slightly up. That’s the upshot of Thursday’s Washington revenue forecast. This is the quarterly report that tells budget writers how much money they have to work with. Steve Lerch is Washington’s interim economic forecaster. He told a panel of lawmakers they can expect $96 million more than they expected to balance the budget. Lerch said Washington’s recovery continues, but it’s slow.

Oregon seeks to co-lead a class action lawsuit against Bank of New York Mellon. The bank was allegedly involved in a foreign currency exchange manipulation scheme.

OLYMPIA, Wash. -- After a year of negotiations, states, federal regulators and five of the biggest lenders have reached a $25 billion dollar settlement to change foreclosure practices. The goal of the settlement is to impose new restrictions on banks, and to fund loan modifications for homeowners. Backers hope the agreement will also help stabilize the housing market. KUOW’s Amy Radil reports.

EUGENE, Ore. -- The Lane County Sheriff plans to lay off up to 90 people and close more than one hundred jail beds. That's because the county is losing $14 million in federal timber payments.

University of Oregon faculty members are collecting signatures in an effort to establish a union. It would be comprised of all full and part time professors and instructors -- about 2,000 members. KLCC's Rachael McDonald has more.

The group United Academics of the University of Oregon has been gathering support for the union effort this month. But it's a process that began in the fall according to Michael Dreiling, an Associate Professor of Sociology.