Lars Larson

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Lars Larson

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We finished May at record levels on the S&P 500.  The index advanced 2.1% during the month and is up 4.1% on the year.  (Fox Business News)

While we played this weekend China reported that their manufacturing sector expanded at the fastest pace in five months.  China has undertaken a mini-stimulus plan over the last few months that appears to be working. (Bloomberg)

The free market is back at work again.  Since government subsidies started declining in 2010 investments in renewable energy, like wind and solar, has declined 5% in North America to a low of $56 billion. That compares to $168 billion spent on exploration by the oil and gas industry. (Bloomberg)

Two new reports say the US could create a million new jobs and lower its energy bill if it ended its crude oil export ban.  The US is producing more oil and gas than it has in 40 years. Lifting the ban could mean $750 million in investment over the next 15 years in our new oil patches. (Reuters)

The National Labor Relations Board has ruled the longshoreman union at the Port of Portland has illegally undertaken an intentional worker slowdown. The NRLB has issued a “cease and desist” order to the Union. (Oregon Live)

Traffic

 

 

  • Click on the link for the latest conditions on the mountain passes.

 

  • Purcell Boulevard Northbound lane between Neff Road and Full Moon Drive (West side of the hospital) is closed until December 20th.

 

  • Nels Anderson Road between Nels Anderson Place and Brandis Court, single northbound shoulder closure will be in effect, two-way traffic to be maintained. Project completion expected December 2017.