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We have been climbing a wall of worry. Ongoing recession fears, a trade war, a slowing global economy, an inverted yield curve and Brexit to name a few. All that wall climbing pushed the Dow, S&P 500 and the Nasdaq to new record highs.  

The paper mill in West Linn is back open, two years after it closed.  The Willamette Falls Paper Co. began operation two months ago and is producing new classes of paper made from pulp and agricultural waste instead of wood. Willamette Falls employs 120 persons.

 

The percentage of Americans declaring bankruptcy age 55 to 64 has risen 66% from 1991 to 2016. The percentage declaring bankruptcy age 65 to 74 increased 204% from 1991 to 2016. Roughly 12% of bankruptcy filers are now 65 and older, up from about 2% in 1991. Why are so many older adults going bankrupt? One major factor behind the rise of these bankruptcies: medical debt. In fact, six out of 10 people 65 and older who file bankruptcy do so because they can’t afford to pay medical bills. 

 

Oregon Public Utility Commission has approved rate hikes for the state's three gas utilities, only the third time in the last ten years. The increase in the cost of natural gas is blamed on a pipeline explosion last winter. Typical residential customers will see their bill increase by $2.31, or 4.4 percent. 

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Ride sharing leader Uber reported $1 billion quarterly losses in Q3.  The company has never made a profit.

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