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Weekend Warriors
Weekend Warriors
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Business News

Our government may seem currently dysfunctional, but we lead the world in creating millionaires.  A report shows 1.7 million of the 1.8 million new millionaires added to that rank in the last year came from the US.  The US now boost 13.2 million millionaires, 42% of the world’s total.  The American Dream is still alive. (Credit-Suisse Report)

The second-largest US oil company, Chevron, is warning third quarter earnings will be “significantly lower” due to a squeeze on refining margins. They project refining margins will continue to be under pressure. (Reuters)

The trend continues. Global PC shipments dropped like a rock, down 9%, year-over-year in the third quarter. That is the lowest shipment volume since 2008. Shipments have declined for the last 6 quarters. (Gartner)

US foreclosures are down 33% from a year ago as US lenders completed 48,000 actions in August.  Currently 1.9 million homes are at risk of foreclosure and already in the process.   About 5.3% of mortgages are 90 days or more delinquent, the lowest since December of 2008. (Corelogic)


Traffic & Weather

  • Chains or Traction Tires required on the mountain passes and Highway 97 South of Bend.
  • Traffic signals at US 97 and Pinebrook Blvd. turned off permanently.
  • Lane closure on Boyd Acres Road at Ross Road; 7am - 4:30pm through December 10
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