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Lars Larson
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Lars Larson
6:00pm - 9:00pm
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Vice Presidential Debate Tuesday October 4th
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

 

 

 

  • Lane closures and detours Mt. WA Dr at Shevlin Park Road North to Regency (7/11-11/30)

 

  • Road closures along Roosevelt Ave >< Silver Lake Blvd -Chamberlain St. 7a-5p (9/6-11/20)

 

  • 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 – November.
 
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