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Lars Larson

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Markets took a big plunge yesterday as finger pointing caused confusion on whom and why someone shot down a passenger airliner over the Ukraine. Investors ran for cover as the fear trade was on.

General Electric saw profits rise 13% as the sale of jet engines and oil equipment were on the upswing.  Sales were up 3.5%. The company says they will move forward with the spin-off of their retail finance division, that almost brought them down, during the financial crisis of 2008. (Reuters)

Natural gas supplies grew by more than 100 billion cubic feet for the eighth week in a row.  That is the longest triple digit increase in 20 years. Stock piles have more than doubled since hitting an 11 year low in March after the rough winter.  Natural gas production is up 4.1% in 2014. (Bloomberg)

Paper or plastic?  Approximately 78% of Americans, regardless of income, have less than $50 in their wallet and 50% carry $20 or less. Americans are getting comfortable with using their credit cards for even small purchases. The US currently spends $827 million printing money each year. (Bankrate.com)

Traffic

 

 

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

 

  • I-84,Troutdale MP 17 - 62, in the Coumbia Gorge remains closed. The highway is closed EB at Exit 17 in Troutdale. Trucks use US-26 to OR-35 as an alternate route.

 

  • Construction at 27th Street . Northbound Lane Closed from Ferguson to Bear Creek.  Detour in place.

 

  • 27th and Bear Creek Rd intersection varying traffic control changes

 

  • O.B. Riley Road South-bound lane closed south of Mervin Samples Rd (12/17)