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Today marks the beginning of the Woodstock for Capitalism in Omaha Nebraska as Warren Buffet kicks off the weekend long events surrounding the Berkshire Hathaway Annual Meeting. 

 

The Department of Labor says the economy added 165,000 jobs in April with the private sector adding 176,000 and government shedding 11,000.  February (322,000) and March (138,000) were revised upward huge.  The February jobs gain is now the biggest since March 2005.

 

Firearms maker Sturm, Ruger & Co. hit the bulls-eye in Q1 as profits exploded 53% as gun sales surged. The company doubled their dividend for the year to 49 cents a share.  The company says demand will remain strong, as in-store gun inventory is one-third what it was last year.

 

Oregon electron microscope maker, FEI, saw sales grow 1.7% last quarter, its slowest rate of growth since 2009. Despite the slower growth the company expects to post record sales in 2013, the fourth consecutive annual record.

 

Crude oil supplies in the US rose to their highest levels on record this week.  This comes as the demand for gasoline slumped almost 4% last week.  Combined this could mean good news for drivers.

 

Oregon railcar builder Greenbrier will be laying off 200 of the 817 workers at their northwest Portland production facility. The layoffs are due to declining orders.  Greenbrier has struggled recently even as other producers are booming.

 

The S&P 500 is up 9 and the NASDAQ is up 16.

 

Oil is up $1.25 at $95.25 a barrel.

 

Gold is down $10 at $1459 a Troy ounce.

 

Help Puerto Rico

Most organizations are asking for cash, rather than supplies, so they can route help to where it’s needed most more quickly. Here are some of the largest groups with campaigns underway:

 

Traffic

 

 

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

 

  • Intersection of NW Broadway Street and NW Delaware for waterline replacement project, road closures with detours clearly marked for thru traffic, 7 a.m. – 4 p.m. daily with roads opened nightly. Motorists are encouraged to avoid this area and use Bond Street and Wall Street.

 

  • 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.