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George Noorey
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George Noorey
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Business News


The winning streak came to an end yesterday and so we start anew.  Stocks are in position for their second best week of the year. (Seeking Alpha)

Producer prices were up 0.3% last month showing inflation remains in check.   Retail sales were up 0.2% in August, not as robust as anticipated.  (Department of Commerce)

The percentage of Americans not paying any federal income tax stands at 43% for the 2012 tax year. That is off the 47% who did not pay any federal income taxes in 2011.  Most of the decline is led by the expiration of tax cuts enacted during the Great Recession. (Tax Policy Center)

Hot weather may cause a smaller harvest of potatoes in Oregon this fall.  Oregon has 40,000 acres planted in potatoes for the 2013 growing season.  About 75% of Oregon potatoes are processed in the State and 15% exported to countries like Japan. An average of 58,500 pounds of potatoes comes from one Oregon acre. (Oregon Potato Commission)

Oregon’s Killer Burger is opening a sixth location at the old Rose Garden (now the Moda Center) just in time for the new NBA season.  Killer Burger is known for its peanut-butter topped burgers and bottomless French fries.  (Oregonian)

For you Financial Focus Radio listeners the show will be aired starting 830 on Saturday. The early start time you will enable to get your fill of financial news before you listen to Duck football.

 

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Traffic & Weather

 

 

 

 

Jones Road, full road closure between Bennington Lane and NE Butler Market Road. May 18 – August 18, local access only.
 

 

Orion Drive closed in two locations for sewer work; at the intersection with Avery Lane and between Desert Woods Drive and King Hezekiah Way.  From July 11 to Sept. 6. Detours marked.

 

Valhalla Sewer Relocation Project, Mt. Washington Drive at Shevlin Park Road intersection and North to Regency Street. Nighttime closures with detours marked during roundabout construction. Daytime closures for construction towards Regency Street.    7 p.m. – 7 a.m., July 11 – November.

 
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