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George Noorey
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George Noorey
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With the possibility of a downgrade of the nation's debt and potentially higher interest rates looming, politicians and other government officials are forced to take notice. Bill Valentine is a local financial advisor. He says the wake up call isn't just for government officials who make decisions on government programs. "Some of the financial lessons that were instilled in the depression generation through their experience through experiencing the depression have been lost in translation as they go from generation to generation. So we have a current population of adults who have never really experienced financial strife. And who's parents didn't instill in them at 25 at your first job to start saving in your own accounts and I’m not passing judgment on them; I’m simply saying that by and large we've deferred our saving plans and have really lived a largess lifestyle." Valentine says another piece of the puzzle to be looked at is how the Social Security System was originally set up, with a ratio of about 16 workers to each one person collecting benefits. He says that has changed to a ratio of about 2 to one nowadays and that it needs to be reformed in order to accommodate today's circumstance.

 

 

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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.
 

Oregon State University off-site improvements for intersection reconstruction, July 11 – August 3,    7 a.m. – 4:30 p.m., at intersection of Chandler Avenue and Yates Drive.

 

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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