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The Federal Reserve starts a two day meeting today that will end in the Chairman’s press conference tomorrow.  It is widely anticipated that Ben Bernanke will announce a slowdown in their bond purchasing program.  That could introduce significant volatility into markets. (CNBC)

Inflation at the consumer level was up 0.1% in August.  The number is cool and shows inflation remains in check. (Department of Commerce)

Vancouver based pizza maker Papa Murphy is looking to make some big changes.  The company is rolling out new designs for their stores.  The foot print will not change, but the décor will.  They are also preparing for an initial public offering.  The company reported $800 million in revenue last year. (Reuters)

As they are building a new store in Bend and a few months ago fired their founder from the board, Men Wearhouse is struggling.  The company said profits fell 28% last quarter, sales were down 2.3%. (Associated Press)

Regulators say Citigroup must pay a couple $3.1 million for real estate investments one of their former brokers sold in a politician’s development.  The broker was not supposed to be selling the product and Citigroup did not catch him doing it.  That broker is now employed by Wells Fargo Advisors.
 

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.