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Bob Brinker
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A Bend financial advisor says we deserve the downgrade from Standard and Poor’s (S&P). Today Standard & Poor's Ratings Services also downgraded the credit ratings of Fannie Mae and Freddie Mac and other agencies linked to long-term U.S. debt. All the downgrades were from AAA to AA+, reflecting the same downgrade S&P made of long-term U.S. government debt on Friday. Financial advisor Bill Valentine applauds the downgrade, saying our elected leaders from both parties have failed us: “The agency also lowered the ratings for farm lenders; long-term U.S. government-backed debt issued by 32 banks and credit unions; and three major clearinghouses, which are used to execute trades of stocks, bonds and options.” For the man on the street, Valentine says in the short term investments are taking a hit, but says he believes this is a panic sell-off and not a Bear market.

 

 

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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.
 

 

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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