Apr 212013
 

lanz cabinets.frameless fix

Lanz Cabinets Eugene Coutresy photos

Lanz Cabinets
Eugene
Coutresy photos

Cabinet making operations in Eugene are seeing substantial growth in orders from Seattle to San Diego. Lanz Cabinet officials say it’s nothing like what it was in the early 2000′s, but after coming through what they termed a “D”epression, things are really looking up in their line of apartment and condominium kitchen cabinets.

Here’s the story in the Eugene Register Guard. Click here.

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 Posted by at 1:15 PM
Apr 192013
 
Pulling the Pros Now in Seal Rock 541-563-6969

Pulling the Pros
Now in Seal Rock
541-563-6969

By Gavin Bessette, Pulling the Pros Sports Cards

Pulling the pros sports cards has expanded! Originally located in the back of a sporting goods store in Newport, this local hobby shop has moved to its own store in Seal Rock. It’s nearly tripled in size and still located right on Hwy 101. Look for the bright neon green signs in the middle of the boardwalk, between the wood carvers. Open Tuesday through Saturday from 11:30 til 5:30.

Willing to buy/sell/trade. Autographs, hobby boxes, rookies, vintage. Sports fans unite! “Like” “Pulling the Pros sports cards” on Facebook for 10% off your next purchase!

Gavin Bessette
(541) 961-6969
PullingthePros@icloud.com

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 Posted by at 6:12 PM
Mar 302013
 
Wikipedia graphic

Wikipedia graphic

We’ve been hearing more and more about how fantastic Wall Street is doing and how corporate profits are blowing through the roof – while America’s middle class and those below are in the worst shape since World War II. Something structural has changed. What used to hold up the country’s economic floor has seriously deteriorated implying that Americans will have to do with a lot less – and that’s just how it is.

There was an article in the Bend Bulletin this week that sought to break the issue down to a level most of us can understand. Click here.

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 Posted by at 11:11 AM
Mar 282013
 

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A federal bureau has placed Oregon among the top ten states for income growth for 2012 – 4.1%. Here’s how the rest of the country stacked up. Click here.

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 Posted by at 12:34 PM
Mar 172013
 
New Umpqua Bank Branch Same site on 101 at 12th Newport, Open this Fall

New Umpqua Bank Branch
Same site on 101 north of 12th
Newport, Open this Fall

Umpqua Bank headquarters in Portland has announced that their new bank branch, replacing the old one that burned to the ground last year, will open in late Fall at the same location – on Highway 101 just south of McDonald’s. Umpqua says the bank will have a new look and that “banking is just the half of it.” They say the community should consider their new facility “a cozy corner of the neighborhood where you can sip coffee, settle in at one of our computers in our computer internet cafe, chat with a neighbor and when the moods strikes, bank a little bit as well. We look forward to seeing you in our new space where you can play with our interactive ‘Discover Wall’ and talk about some of the ways we can make a difference in the neighborhood together.”

Newport Community Development Director Derrick Tokos said Umpqua was making some last minute design tweaks on the project and that they could be in anytime to take out their building permit. Again, the grand opening is planned for late Fall. Sounds like November.

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 Posted by at 6:59 PM
Mar 082013
 

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January’s unemployment rate stayed about the same as December; rising barely a tenth of a percent to 8.4%. Around the state, the Portland area sits at 8.5%, Salem 9%, Bend 10.5%, Corvallis 6.2%, Eugene-Springfield 8.3%, Medford area 10.4%.

In the westside rural counties Coos came in at 10.5% in January, Polk 8.1%, Linn 10.8% and Lincoln County holding steady at 8.7%. Wood products, manufacturing and fabricated metals all saw gains in January but at a very slow rate indicating that Oregon, like most states, continues a very sluggish recovery, the glee of stock traders and Wall Street bankers not translating at all across the country.

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 Posted by at 2:58 PM
Mar 062013
 

U.S, Sen. Jeff Merkley D-Oregon

U.S, Sen. Jeff Merkley
D-Oregon


From Senator Jeff Merkley

Higher Wage Estimated to Increase GDP by Nearly $33 Billion and Generate 140,000 New Jobs Over Three Years

Oregon’s Senator Jeff Merkley today announced he is co-sponsoring the Fair Minimum Wage Act of 2013, to raise the federal minimum wage. The proposal would restore the value of the minimum wage which is currently more than 25 percent lower than it was 45 years ago. This bill would raise the minimum wage to $10.10 an hour from its current $7.25—in three steps of 95 cents—then provide for automatic annual increases linked to changes in the cost of living. The bill would also gradually raise the minimum wage for tipped workers, which currently stands at just $2.13 an hour, for the first time in more than 20 years, to 70 percent of the regular minimum wage.

“There is no better program of any kind than a good, living-wage job as a foundation for a successful family,” Merkley said. “Unfortunately, while the stock market is hitting record highs, wages for working people have been stagnant. With this change those working tough jobs and trying not to fall behind will have some extra money in their pocket. That means they’ll have a little more to spend in local businesses. Raising the minimum wage is good for workers, good for our communities, and good for the economy. Let’s get it done.”

nfmw

The unveiling of the bill, the Fair Minimum Wage Act of 2013, comes three weeks after President Obama highlighted increasing the minimum wage in his State of the Union address.

Oregon’s minimum wage, which currently sits at $8.95, is already indexed to changes in cost-of-living. In addition, Oregon’s minimum wage for tipped workers is the same as it is for other workers. Oregon had roughly 130,000 earners making minimum wage at the beginning of 2012.

prp

Fast Facts on the Minimum Wage

· The minimum wage has lost more than 30 percent of its buying power since its peak in 1968. If the minimum wage had kept up with inflation since 1968, it would be worth approximately $10.56 per hour today.

· More than 30 million American workers would get a raise under the bill. More than half—17 million—of them would be women. Eighty-eight percent of them would be adult workers. Eighteen million children (23% of American children) have parents who would get a raise.

feedcorral

· The minimum wage today pays only $15,000 per year, which is $3,000 below the poverty level for a family of three. The Fair Minimum Wage Act would boost the minimum wage to $21,000, lifting families above the poverty line.

· Increasing the minimum wage to $10.10 per hour would increase GDP by nearly $33 billion over the course of three years as workers spend their raises in their local businesses and communities. This economic activity would generate 140,000 new jobs over the course of three years.

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 Posted by at 3:38 PM
Mar 032013
 
Abe Lincoln Memorial Statue, Lincoln City Donna Plummer photo

Abe Lincoln
Memorial Statue, Lincoln City
Donna Plummer photo

President Abraham Lincoln wrote near the end of the Civil War…

“We may congratulate ourselves that this cruel war is nearing its end. It has cost a vast amount of treasure and blood. It has indeed been a trying hour for the Republic; but I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country.

As a result of the war, corporations have been enthroned and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until all wealth is aggregated in a few hands and the Republic is destroyed.

I feel at this moment more anxiety for the safety of my country than ever before, even in the midst of war.

God grant that my suspicions may prove groundless.”

The passage appears in a letter from Lincoln to Colonel William F. Elkins, Nov. 21, 1864.

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 Posted by at 6:54 PM
Feb 242013
 
U.S. Federal Reserve Washington D.C. Wikipedia photo

U.S. Federal Reserve
Washington D.C.
Wikipedia photo

You might ask yourself why a small town local news website even thinks about dabbling in large scale macro-economic issues like the Federal Reserve. We do think about it, but not for the same reasons that Libertarian Ron Paul does.

There is a rising chorus of discussion going on across the country about how the American economy REALLY operates at all levels – from Main Street to Wall Street and now to a seldom examined institution on Constitution Avenue in Washington D.C. on which sits the U.S. Federal Reserve.

Most American citizens think that behind every American dollar there is a dollar’s worth of gold. No there isn’t. America got off the gold standard in 1933 when we ran out of gold and yet needed to keep printing money. So, you might ask, what makes the dollar worth anything today? Simply put, without any embellishment by your average patriotic parade, “The Full Faith and Credit of the United States.” In short, “We pay our bills.”

lazerquick.envelopes

Regulating our country’s money supply so as to keep Americans working hard without suffering from too many dollars in circulation which produces inflation, the Federal Reserve was founded as a mostly independent government institution held at arms length by the President and the Congress. In fact, the President and the Congress have very little day-to-day say over how the Federal Reserve regulates our money supply. But suffice it to say there is a growing grumbling about the way it has been operating during the current recession. Critics say it’s taking really good care of the already super wealthy and their banks at the total expense of middle and lower class Americans. They contend that there is an ongoing program to replenish the battered reserve accounts of the country’s biggest banks which does practically nothing to pull the country out of the recession. It just stacks up money doing nothing. That’s why bank and corporate vaults are flush with cash while the economy remains in “park.”

The following are articles that have been long in coming that questions why the Federal Reserve has been really good at keeping down inflation (Primary Directive #1) while doing practically nothing to ensure high employment and a healthy economy (Primary Directive #2).

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This criticism has now climbed the steep steps leading to the Federal Reserve’s front door. And if you put your ear up to it you can hear nervous whispering among the reserves board of governors wondering whether it’s time for a big change in course. Money for the people, not just for pumping up member banks.

The first article puts the issue in “plain talk.” The second article is an interview with Nobel Prize winning economist Paul Krugman and the third article is really reserved for economic “wonks” who enjoy reading insider treatises.

Article #1: “The Financial Instrument That Could Save the Economy – and Why It Hasn’t.” Ellen Brown, Chairman, Public Banking Institute Click here.

Article #2: Video of Bill Moyers interviewing Nobel Prize winning economist Paul Krugman on “Why jobs come first.” Click here.

Article #3: “Discussion of Crunch Time: Fiscal Crises and the Role of Monetary Policy” by Federal Reserve Governor Jerome H. Powell, Click here.

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 Posted by at 3:09 PM
Feb 152013
 

NOAA Pacific Hq
Newport, OR

NOAA ships
Lighting the fires of job growth?

Trying to gauge NOAA’s effects on job growth potential in Lincoln County, the Yaquina Bay Ocean Observing Initiative (YBOOI) is holding a regional conference at the end of April in Newport, gathering marine science and related industries for an opportunity to dream out loud about the area’s economic future.

Topics include the current state of major marine research on the Oregon Coast and beyond, as well as scientific and support services that come with it. Presenters include Hatfield Marine Science Center, NOAA, Oregon State University, National Science Foundation’s Ocean Observatories Initiative and the Ports of Newport and Toledo.

The Keynote Speaker on April 30th is Dr. Rick Spinrad, VP of Research at Oregon State University Corvallis. Spinrad also served as Assistant Administrator for research for NOAA in Washington, D.C. Dr. Spinrad directs OSU’s $300 Million research program as well as the institution’s activities in commercialization, corporate development and research integrity.

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On May 1st, comprehensive tours of the Hatfield Marine Science Center, NOAA Pacific Fleet Headquarters and the Hinsdale Wave Research Laboratory at Oregon State University. Conference attendees will enjoy a deep, up close understanding of these facilities and for their potential to spin off a wide array of technological and service business opportunities in the region.

Any and all local business owners or executive who would like a ring-side seat at the conference and on the tours to learn about business and industrial opportunities that are emerging in the Newport area should plan to attend the inaugural Newport Ocean Observing Conference, April 30th through May 1st in Newport at the Hallmark Resort as well as the Hatfield Marine Science Center. Registration information is available on line at www.ybooi.org

The conference is sponsored by the City’s of Newport and Toledo, Charter Business, Economic Development Alliance of Lincoln County and Advanced Research Corporation. Additional sponsorships are available by contacting John Lavrakas at JLavrakas@OceanArc.com

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 Posted by at 9:51 AM