Oregon Scores For Cheated Investors

Posted by Steve Leader on May 22, 2015
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SALEM, Ore.–A New York bank has agreed to pay $180 million to settle a class action lawsuit from investors in Oregon and several other states.

The Oregon Treasury and Oregon Department of Justice were the sole lead plaintiffs.

Michael Cox, with Oregon Treasury, says the suit alleged investors, including PERS, lost money because  Bank of New York Mellon rigged the price of …

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Oregon Adds 7,600 Jobs in April

Posted by Brett Reckamp on May 19, 2015
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SALEM, Ore – Oregon’s unemployment rate declined to 5.2 percent in April from 5.4 percent in March, reaching Oregon’s lowest rate since July 2007 when the rate was also 5.2 percent. The rate is now back to where it was during 2006 through early 2008 when Oregon’s rate held steady between 5.0 and 5.5 percent.

The growth is attributed to four …

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President Obama Touts Trade at Nike

Posted by Jeremy Scott on May 8, 2015
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BEAVERTON, Ore. — After staying the night in Portland following a Democratic fundraiser, President Barack Obama visited Nike headquarters on Friday morning to tout free trade and his proposed Trans-Pacific Partnership deal.

Representatives Suzanne Bonamici and Earl Blumenauer warmed up the crowd of several thousand.  Nike President and CEO Mark Parker had the privilege of introducing the President of the United States.  Parker announced a pledge …

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Portland’s Mayor Asks Pembina To Withdraw Propane Pipeline Proposal

Posted by Pat Boyle on May 7, 2015
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PORTLAND, Ore. — Mayor Charlie Hales has asked the Canadian pipeline corporation, Pembina to drop its proposal to build a propane terminal in North Portland.  The pipeline would mean 40 new jobs.

The company has asked for a week to respond.  They’re due before city council with a zoning code request on June 10th.

“The public is absolutely opposed to it and the mayor …

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Hillsboro, Ashland, Make Top 100

Posted by Steve Leader on May 4, 2015
Save The Middle Class

Photo Courtesy: Frontpage Mag

NEW YORK — Hillsboro and Ashland are the only two Oregon cities to make a list of the top 100 American places where middle class income, adjusted for inflation and other factors, grew between 1973-2013.

The report, at Business Insider, shows nearly all the places where the middle class is growing are small cities.