economy

Sequester Cuts
6:02 am
Mon February 25, 2013

Local Effects Of Automatic Federal Budget Cuts Hazy

Adm. Samuel J. Locklear addresses officers at Joint Base Lewis-McChord Friday.
Credit Photo courtesy I Corps, U.S. Army

Northwest military bases, universities, national labs and parks await guidance for how to implement automatic federal budget cuts. The so-called "sequester" is scheduled to take effect at the end of this week. Not much else is certain beyond that including who in the region could feel the pain immediately, if anyone. Correspondent Tom Banse reports.

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Oregon Revenue
4:19 pm
Fri February 15, 2013

Oregon Revenue Forecast Up Slightly, Growth Still Slow

Originally published on Fri February 15, 2013 4:19 pm

SALEM, Ore. – Oregon lawmakers now have a better sense of how much money they'll have to put together a budget. State forecasters Friday announced their latest revenue projections.

The bottom line: Things keep getting better. But not by much. State economist Mark McMullen told a legislative panel that corporate and personal income tax projections continue to rise. But he says the rate of increase isn't as strong as previous economic recoveries.

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Unemployment Rate
4:50 pm
Wed January 16, 2013

Unemployment At Four Year Low In Wash. State

Unemployment has dropped to a four-year low in Washington. The state Employment Department Wednesday released the latest jobless stats. During December, Washington's unemployment rate fell to 7.6 percent -- one-tenth of a percentage point lower than the revised rate for November.

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Holiday Trash
6:42 am
Thu December 27, 2012

Signs Of The Times Buried In Holiday Trash Heaps

Vince Peterson is the operations manager of Shoshone County waste disposal. Photo by Jessica Robinson
Credit Photo by Jessica Robinson / Northwest News Network

Now that presents have been opened, it's time for another tradition of the holiday season: bags upon bags of trash. Jessica Robinson talked with one garbage collector in north Idaho about what he can tell from this year’s haul.

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Coal Export Terminal
6:11 am
Thu December 6, 2012

Factual and Moral Questions Raised At Spokane’s Public Hearing About Coal Shipments

Hundreds of people attended Tuesday's public hearing in Spokane about a proposed coal export terminal in the Northwest. The meeting brought out strong emotions, and raised a moral question about how the hearings are run. Paige Browning reports the event focused on the proposed Gateway Terminal for Whatcom County, which would ship coal to Asia.

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Natural Gas Exports
6:08 am
Thu December 6, 2012

DOE Economic Study Finds Exporting Natural Gas Would Benefit the U.S.

The Department of Energy released a study today/ Wednesday that finds exporting natural gas would benefit the U.S. economy. That may clear the way for the feds to grant licenses to 15 proposed export terminals, including two in Oregon. Amelia Templeton of Earthfix reports.

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Liquor Sales
4:42 pm
Tue December 4, 2012

Washington Liquor Sales Up Over Last Year

Washington voters approved privatized liquor sales last year.
Credit Decatur Wine & Spirits / Wikimedia Commons

There’s new data on the affect of liquor privatization in Washington. According to new numbers released Tuesday that capture the first four months of private liquor sales, sales by volume were up between June and September nearly 3 percent over the same period last year.

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Northwest Sawmills
5:30 pm
Tue November 27, 2012

Housing Rebound Has More Northwest Sawmills Buzzing

A rebound in construction, such as building new homes, is good news for sawmills.
Credit Vixwald / Wikimedia Commons

Sawmills in the Northwest have significantly ramped up production in response to the rebound in construction nationally. That's according to a market survey by an industry consultant based near Seattle.

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Northwest News
8:40 am
Fri November 23, 2012

Gun Sales Expected to be Up for Black Friday

A customer looks over a gun. Gun sales expected to be high for Black Friday.
Credit N3

Gun stores are among the retailers expecting bigger than usual sales today. The national trade group that represents the gun and ammunition industry says Black Friday could set a record for the number of background checks performed.  Those are required by the F-B-I for gun purchases.  

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Oregon Budget
4:01 pm
Tue November 20, 2012

Oregon Revenue Projection Mostly Flat

Economists released their latest set of projections about Oregon state revenue.
Credit Owen / Wikimedia Commons

Oregon Governor John Kitzhaber now has final revenue numbers to write his next two-year budget proposal. State economists Tuesday released their latest set of projections about Oregon tax and lottery income.

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