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Lars Larson

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Today the political theater will be thick as Janet Yellen goes before the Senate Banking Committee in her quest to become the next Chairman of the Federal Reserve.  The hearing could move markets like yesterday when stocks rallied after Yellen’s testimony for today was released indicating easy money may not be going away soon. (Fox Business News)

New applications for unemployment came in at 339,000 last week. That is down 2000 from last week. (Reuters)

Productivity in this country was up 1.9% last month.  This number shows US businesses continue to find ways to do more with less. (Bloomberg)

Wal-Mart posted profits 5.5% higher than last year but same store sales fell 0.3%.  Wal-Mart says their customers continue to be challenged in this economic environment and that is impacting sales. (Reuters)

Retailer Kohl’s shares are down sharply as they reported a profits decline of 11% from last year on revenue that was essentially flat. Same store sales declined 1.6%. (Reuters)

Oregon chipmaker Triquint Semiconductor is offering buyouts to employees as they work to reduce their Hillsboro factory workforce. The company has added too much capacity over the last year and is looking to match capacity with orders. (Oregon Live)
 

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.