Everything from child welfare to highway safety and drought concerns to wildland firefighting costs are expected to be previewed as bills that could be launched when the next abbreviated legislative session begins after the first of the year.
Another major issue expected to be raised is the state’s minimum wage, now locked in at $9.25 an hour. No raise in the last two years. Unions and others that support a higher minimum wage are expected to ask lawmakers to raise it to $13.50 an hour – but if they don’t there will likely be a voter initiative to raise it to $15.00 an hour.
Here’s more about likely verbal slugfests in Salem this winter. Click here.
**Correlation and Portfolio Performance**
By: Duane J. Silbernagel
Different types of investments are subject to different types of risk. On days when you notice that stock prices have fallen, for example, it would not be unusual to see a rally in the bond market.
Asset allocation refers to how an investor’s portfolio is divided among asset classes, which tend to perform differently under different market conditions. An appropriate mix of investments typically depends on the investor’s age, risk tolerance, and financial goals.
The concept of correlation often plays a role in constructing a well-diversified portfolio that strikes a balance between risk and return.
**Math that matters**
In the financial world, correlation is a statistical measure of how two securities perform relative to each other. Securities that are positively correlated will have prices that tend to move in the same direction. Securities that are negatively correlated will have prices that move in the opposite direction.
A correlation coefficient, which is calculated using historical returns, measures the degree of correlation between two investments. A correlation of +1 represents a perfectly positive correlation, which means the investments always move together, in the same direction, and at a consistent scale. A correlation of -1 means they have a perfectly negative correlation and will always move opposite one another. A correlation of zero means that the two investments are not correlated; the relationship between them is random.
In reality, perfectly positive correlation is rare, because distinct investments can be affected differently by the same conditions, even if they are similar securities in the same sector.
**Correlations can change**
While some types of securities exhibit general trends of correlation over time, it’s not uncommon for correlations to vary over shorter periods. In times of market volatility, for example, asset prices were more likely to be driven by common market shocks than by their respective underlying fundamentals.
During the flight to quality sparked by the financial crisis of 2008, riskier assets across a number of different classes exhibited unusually high correlation. As a result, correlations among some major asset classes have been more elevated than they were before the crisis. There has also been a rise in correlation between different financial markets in the global economy.1 For example, the correlation coefficient for U.S. stocks (represented by the S&P Composite Total Return index) and foreign stocks (represented by the MSCI EAFE GTR index) increased from 0.75 over the last 25 years to 0.89 over the last 10 years.2
Over the long run, a combination of investments that are loosely correlated may provide greater diversification, help manage portfolio risk, and smooth out investment returns. Tighter relationships among asset classes over the last decade may be a good reason for some investors to reassess their portfolio allocations. However, it’s important to keep in mind that correlations may continue to fluctuate over time because of changing economic and market environments.
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The Newport 60+ Activity center is pleased to announce that three Health and Wellness Volunteers recently were certified in leading group exercise classes. The FiTOUR certification included instruction and tools to provide safe and effective fitness class guidelines. It covered objectives of group exercise instruction, five components of fitness, F.I.T. principles and basic training concepts, basic anatomy, kinesiology and physiology, basic nutrition and weight management, ACSM guidelines, exercise safety and Injury prevention.
These three are also qualified and certified instructors in Silver Sneakers YOGA, Classic and Circuit exercise classes.
Newport Police Lieutenant Jason Malloy graduated from the FBI National Academy, in Quantico, Virginia on September 18th. The graduation ceremony was attended by 225 executive law enforcement officials representing 48 states, 23 countries, five military organizations, and five federal civilian organizations.
Internationally known for its academic excellence, the National Academy Program, held at the FBI Academy, offers ten weeks of advanced communication, leadership, and fitness training for selected officers having proven records as professionals within their agencies. On average, these officers have 19 years of law enforcement experience, and usually return to their agencies to serve in executive-level positions.
The FBI National Academy is a professional development course for U.S. and international law enforcement leaders. It serves to improve the administration of justice in police departments and agencies at home and abroad, and to raise law enforcement standards, knowledge, and cooperation worldwide.
Lt. Malloy has worked in law enforcement for 24 years, and for the Newport Police Department for 20 years. He is currently assigned as the Police Department Operations Commander. Previous Newport Police Department graduates of the FBI Academy include Retired Lieutenant Dave Teem, and Chief Mark Miranda.
CPR training will help you be prepared for a wide range of emergencies, providing you with the needed confidence, skills and experience in case of an emergency.
Samaritan Health Services will host a free community CPR training at Samaritan Pacific Communities Hospital on Thursday, Oct 8, from 6 to 7:30 p.m. as part of its Healthy Minds, Healthy Bodies seminar series. The seminar will take place in the hospital’s Education Conference Room.
This course covers adult CPR and choking. It is designed for individuals who want to learn CPR but do not need a course completion card.
Fittingly, heart-healthy snacks and beverages will be provided. Pre-registration is required as space is limited.
To register, call toll free 1-855-873-0647 or visit samhealth.org/BeHealthy.
Monday, Sep. 28th – Lincoln County
Summary: A sunny, cool and breezy day was capped by last night’s stunning Supermoon Total Eclipse. Viewing conditions were excellent as nary a cloud marred the sky. (With this rare event now history, we can look forward to an even bigger celestial show on August 21, 2017, at 6:25pm – a Total Solar Eclipse. Best of all, the Central Coast of Oregon will be directly in the path of the longest totality with daytime darkness lasting 2 minutes and 40 seconds.) After the lunar eclipse last evening, the big and bright Full Harvest Moon provided lots of light overnight while low temps dipped into the chilly 40s. At daybreak, there were scattered clouds, considerable blue and a dainty northeast wind.
Past 24 Hours High/Low…
Lincoln City: 60F/50F
Depoe Bay: 61F/44F
Forecast: Summer may be making another run at us today as the mercury is predicted to rise into the upper-60s, possibly higher, under sunny skies. Look for patchy fog tonight, lows around 50F. A return engagement for Summer sunshine and temps 65F or better is projected for early tomorrow, followed by increasing clouds later in the day. Outlook is for fog and patchy drizzle on Wednesday, mostly cloudy Thursday and Friday, a slight chance of showers Saturday and then back to clearing on Sunday. Temps are expected to be a smidge above normal with highs of 65F and lows of 50F.
Travel: In the Coast Range, sunny with 75-80F. Valley destinations are expecting sunshine and a high of 80F. The Columbia River Gorge forecast calls for sunny skies, the first strong east winds of the season gusting 25-35 mph, temps near 75F. For the Cascades, there is bare pavement on the highways this morning, temperatures are 40-50F; sunny and windy today, the free air freezing level 12,000 feet.
Marine: Conditions have settled down a little this morning with NE winds 10-15 knots and seas 6 feet at 8 seconds. However, a Small Craft Advisory for winds is still in effect 10-60 miles offshore. Inshore, closer than 10 miles, expect northerlies 10-15 knots gusting 20 today and seas 5 feet; out past 10 miles, N wind 20-25 knots with square seas 7 feet at 7 seconds. Tonight, N winds 10-15 knots, swells 4 feet. Southerlies arrive tomorrow at 10-15 knots gusting 20 with mixed swells/windwaves around 4 feet. Outlook is for S winds 10-15 knots gusting 20 again on Wednesday, and then back to nor’westers 5-15 knots Thursday and Friday; swells 4-5 feet. Always check the latest Bar Reports before you venture offshore.
On the Beach… Mostly sunny, light breeze, surf 2-4 feet (low).
* For a safe and enjoyable time on the Central Coast, the Oregon Parks & Recreation Department offers these Beach Safety Tips.
09/28 Mon 06:46 AM -0.28 L
09/28 Mon 01:08 PM 9.19 H
09/28 Mon 07:17 PM -0.84 L
09/29 Tue 01:38 AM 8.72 H
In Short: Mainly clear, warm, patchy fog, drizzle, then mixed sky and slight chance of showers.