Kevin Wolf / Associated Press

Washington state will receive more than $21 million from a settlement with financial services company Standard & Poor's.

The company was accused of inflating credit ratings and misleading investors in the run-up to the 2008 financial crisis.

The deal was part of a $1.4 billion agreement with the federal government and 18 other states.

Attorney General Bob Ferguson said it was among the state's biggest won consumer payouts.

MathTeacherGuy / flickr

The state of Washington paid out nearly $50 million last fiscal year to people who were somehow harmed by the state. The numbers were released Tuesday in an annual report on “tort claim payouts.”

Millions of Americans get financial advice from pundits on talk radio and cable television.

Since the 2008 financial crisis, many of those pundits have gotten a bad name for failing to warn investors about the crash. Yet public frustration has done little to hurt the financial media industry as a whole.

In their new book, Clash of the Financial Pundits, Joshua Brown and Jeff Macke argue that financial punditry is not going anywhere; it's been around as long as there have been economies.

Timothy Geithner was president of the New York Federal Reserve when the Wall Street bank Lehman Brothers collapsed in 2008. A few months later, he became Treasury secretary as the crisis deepened on his watch.

Geithner received mixed reviews of his performance during that time. Wall Street types take him for a champion of excessive government intervention and regulation, while Occupy Wall Street types consider him a tool of the banks. Geithner, however, says he was just trying to get the financial system out of a multifaceted crisis with the threat of a Great Depression looming.

Massachusetts Sen. Elizabeth Warren became an unlikely media star following the 2008 financial crisis.

She was a plainspoken law professor from Harvard who advocated on behalf of families and consumers affected by the Wall Street meltdown.

Warren was brought to Washington to help monitor the multibillion-dollar bank bailout package.

As part of that work, Warren helped to create the Consumer Financial Protection Bureau — a watchdog agency that oversees and enforces consumer finance laws.

Minority Democrats in the Washington Senate want to tax oil refineries, bottled water, prescription drug resellers and out-of-state shoppers.

Most people who follow the headlines are aware of the lifestyles of Wall Street's titans — and the vast bonuses that fund those lives of luxury. Kevin Roose's new Young Money looks at the bottom of that ladder: the college kids who arrived on Wall Street after the economic crash of 2008, prepared to put their noses to the grindstone in the hopes of making it big — or just making a decent living.

Oregon has released the first-ever study on the financial exploitation of adults with disabilities and the elderly.

Washington schools chief Randy Dorn says the time has come to raise taxes to increase funding for public education. And he’s prepared to lead the fight.

Governor Jay Inslee says the state of Washington is in a good position to convince Boeing to build the next version of its triple-seven wide-body jet here.

Governor Jay Inslee is like the gambler. He says it would take an “inside straight” for the legislature to complete its work by Sunday’s deadline. 

OLYMPIA, Wash. – A single shiny red apple sat atop each desk on the Washington Senate floor Wednesday to represent a day full of voting on education issues. Senators deliberated and passed multiple measures. One would rank schools with A through F grades. Another would make it easier for principals to get rid of ineffective teachers.

But Democrats like Sen. David Frockt point out that lawmakers have not yet responded to a state Supreme Court ruling known as the McCleary decision. It requires more funding for schools.

 The server giant, Oracle, announced Monday that it will shift 130 jobs from Mexico to Oregon - and retain other jobs here that might have been headed south.

Silver Boom Brings Historic Sunshine Mine Back Online

Jan 25, 2013

The high price of silver is bringing one of the Northwest's oldest silver mines back online. The Sunshine Mine in north Idaho is known for one of the worst mining disasters in the nation’s history. It will resume production in late 2014.

Boeing delivered more planes last year than even the high end of its forecasts. Aerospace analyst Yair Reiner says a big reason is that the company managed to speed up production of its 787 Dreamliners. That comes after years of stumbles and delays on the fuel-efficient twin-aisle plane.

Landing One Job No Longer Sufficient For Many In Idaho

Dec 31, 2012
Photo by Jessica Robinson / Northwest News Network

Personal incomes took a hit in the economic downturn across the nation. But according to the latest figures, no state has lower median earnings than Idaho. Jessica Robinson reports.

Unemployment Benefits To Expire

Dec 3, 2012
David Maiolo / Wikimedia Commons

Extended unemployment benefits are going away for 60,000 Washington residents. A federal program put in place to help jobless workers weather the recession expires at the end of the year.

Photo Credit: Wikimedia Commons

Idaho’s school districts are beginning to understand what the repeal of the Student’s Come First education laws will mean for them financially. Voters repealed those laws earlier this month through ballot Propositions 1, 2 and 3. The repeal restores some funding the laws took away. That means a few districts will get more money. The Lake Pend Oreille, Coeur D’Alene, Lewiston and Lapwai districts will all come out ahead.

Lulu Vision / Flickr

Utility regulators are on the verge of ending the automatic delivery of White Pages phone books to Washington households. Legislation to do the same in Oregon hasn't gone anywhere.

Washington state saw a nice drop in unemployment during October. New numbers released Thursday show the state jobless rate fell to 8.2 percent. That's down three-tenths of a point from the prior month.

Anna King / Northwest News Network

If Halloween spending is an indicator of the economy, Americans appear to be feeling better than this time last year -- or at least more ghoulish.

Northwest News Network

Grays Harbor County on Washington’s coast is tied for the highest unemployment rate in the state. But Monday there was cause for celebration. A shuttered paper mill there has reopened - nearly 18 months after it closed.

Northwest News Network

Telecommunications giant Sprint is poised to take a controlling interest in Washington-based wireless provider Clearwire. Clearwire's high-speed wireless data connections cover 80 major markets nationally, including a dozen in the Northwest.

Washington Unemployment Ticks Down

Oct 17, 2012

Washington’s jobless rate dropped just slightly in September. State economists Wednesday pegged unemployment at 8.5 percent. That erases a small uptick in August.

New data released Tuesday by the Oregon Employment Department show the state's unemployment rate held steady in September, coming in at a seasonally adjusted 8.7 percent. Economists blame the results on weaker than expected seasonal job growth.


An Oregon-based advertising company really likes Facebook. The social media giant unveiled Thursday a first-ever advertising campaign that was created by Portland firm Wieden + Kennedy. The company will also serve as Facebook's chief advertising agency.

Photo Credit: Rob Mckenna website page and Jay Inslee website page.

The candidates for Washington governor are accusing each other of plotting tax hikes if elected. The issue of taxation came up repeatedly Tuesday night as Republican Rob McKenna and Democrat Jay Inslee met in Yakima. It was their third debate.

Oregon’s seasonally adjusted unemployment rate increased two-tenths of a percent in August to 8.9 percent. Since reaching a peak of about 11.5 percent during the recent recession, Oregon's unemployment rate had been falling - albeit very slowly. But since May, it's been climbing again from a low of 8.4 percent to now 8.9 percent.

Fires Not All Bad For Local Economies

Sep 14, 2012
U.S. Forest Service

Crews continue to make progress on several wildfires in central Washington. State health officials say the air is smoky enough around Wenatchee to be unhealthy for people with sensitive respiratory systems.

Tom Banse / Northwest News Network

Liquor sales in Washington are up – way up. That’s according to new figures out Monday on the period after the state’s new privatization law took effect. They show July’s retail sales increased 21 percent over the previous year. And that’s despite higher prices on spirits.