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Eric G.

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Equity markets continue to melt up.  The S&P 500 moved up for a third straight session yesterday. The S&P 500 flirted with a record Wednesday, but closed just short of the mark. (Fox Business News)

New applications for unemployment claims fell 14,000 to 298,000.  New applications for unemployment are at their lowest levels as a percentage of the labor force since 1967. (Associated Press)

A once iconic brand continues its slide into the abyss. Sears, also the owners of Kmart, reported its ninth straight quarterly loss.  The second quarter loss widened to $573 million and sales continued their decade-long fall down by 9.7%. (Reuters)

Nobel Prize winner Lars Peter Hansen says uncertainty surrounding regulation is hindering U.S. economic growth. He says, "I think the uncertainty that institutions on what kind of regulatory environment there is going to be in the next few years is contributing to caution … … in a way that is going to be counterproductive. I think clarity in policy is really critical … ,". (CNBC)

As the world continues awash in oil it is moving down 67 cents to $92.78 barrel. The U.S. is pumping the most oil in 27 years, adding more than 3 million barrels of daily supply since 2008. The U.S. imported 7.2 million barrels a day of crude in May, a 26% drop from the same month in 2008 when oil prices spiked. (Bloomberg)

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  • Hwy 20, Santiam Pass, 1-mile East of Suttle Lake to ORE 22 junction, up to 20 min DELAYS, Paving and Striping. 9am-5pm through 10/17
  • NE 3rd Street between NE Greenwood Avenue and NE Franklin Avenue for Citywide Pedestrian Safety Improvements, periodic lane closures with local access, 9/16/19 - 10/25/19, night work from 10 p.m. - 10 a.m.
  • 61st St CLOSED between Young Ave & Canal Blvd as part of the “Six Corners” Improvement (through 11/8)
  • SE 3rd between Hwy 97 and Murphy Road CLOSED 8pm – 5am (8/25-10/18)

 

 

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