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Critics fear NIKE stock is doing too well

June 29, 2013 --

NIKE’s revenue & profits are up. This would be a good thing except some are critical of NIKE’s stock. Watch the CNN Money news video below.

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12 most disruptive tech trends

June 28, 2013 --

National-chamber-foundationMichael Hendrix
Director, Research & Emerging Issues
U.S. Chamber of Commerce Foundation

The McKinsey Global Institute doesn’t do small things. When they set out to examine technological advancements, they found a way to put a dollar figure to every technology imaginable all the way out to 2025. In so doing, they hoped to separate the technological buzzhounds from the real breakthroughs so that business leaders can plan accordingly.

What do they find? For one thing, the mobile internet is the single most valuable and disruptive technology we know of today—by far. With the potential to generate nearly $11 trillion in economic impact, mobile is going places.

1. Mobile internet ($3.7 trillion–$10.8 trillion in potential economic impact)
2. Automation of knowledge work ($5.2–$6.7 trillion)
3. Internet of things ($2.7–$6.2 trillion)
4. Cloud ($1.7–$6.2 trillion)
5. Advanced robotics ($1.7–$4.5 trillion)

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Oregon GDP by the numbers 2012

June 27, 2013 --


Oregon GDP, 2012
By Josh Lehner
Oregon Office of Economic Analysis Blog.

The BEA released estimates for state GDP for 2012, along with revisions to the 2009-2011 figures. The following takes a quick look at the latest figures and growth so far in recovery.

In 2012, Oregon’s real GDP grew 3.9% which ranks 3rd strongest in the country behind North Dakota (13.4%) and Texas (4.8%) and ahead of the U.S. overall (2.5%). Oregon’s economy, which is more volatile than the average state, has consistently grown faster than the nation in good times and performed worse in bad times. With the most recent economic expansion beginning in 2009, even as lackluster as it has been, the state has outperformed the average state each of the past 3 years with relative rankings of all states of 4th, 4th and 3rd strongest.

OregonGDP2012

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Oregon colleges ranked on tuition vs. payout

June 26, 2013 --

Oregon Colleges Listed in 2013 College Education ROI Rankings by PayScale.com
By Oregon Small Business Association

chart-schlrank-june13
The next 10…

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Homeownership lowest in 17 years

June 25, 2013 --

Homeownership lowest in 17 yearsOregon-tax-news
By Oregon Tax News

Reaching the lowest point in 17 years, homeownership dropped to a seasonally adjusted 65.2 percent in the first quarter as more people chose to rent instead of purchase a home. The rate of homeownership peaked at 69.4 percent in 2004, and has followed a downward trend since the collapse of the housing bubble.

The recession of 2007-2009 and anemic recovery, now in its fourth year, have not been beneficial for a rebound in homeownership. Unemployment is at 7.6 percent, with 21.6 million people either unemployed, working part-time while desiring full-time employment or wanting a job, but have given up looking.

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Study: New gas “break point” price for consumers

June 24, 2013 --

By Oregon — American Automobile Associationgas

AAA’s New Consumer Index Identifies ‘High Gas Price’ Breaking Point

Two in three consumers offset high gas prices with driving or lifestyle changes

Half of U.S. adults consider gas prices to be “too high” when they reach $3.44 per gallon, indicating a tipping point that leads to behavior changes.A new consumer price index developed by AAA shows that roughly two-thirds of Americans (62 percent) are offsetting high pump prices by changing their driving habits or lifestyle.”It was not long ago that motorists were shocked to pay more than $3 per gallon for gasoline, but that seems like a distant memory for most of us,” said Dave Carlson, public affairs director for AAA Idaho. Carlson said AAA’s new nationwide survey confirms the consumer breaking point is nearer the $3.50 mark.

Results of a nationwide open-ended survey of 1,012 adult Americans demonstrate how attitudes are expected to change as prices rise above significant milestones:

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Chart: Oregon jobs by business size

June 21, 2013 --

Oregon employment by firm size April 2012

by Erik A Knoder
Oregon Employment Department

Our standard analysis of employment by firm size shows that although there are a large number of small firms, most employment is in large firms. But, as with much in statistics, the result of any analysis depends on the assumptions made at the beginning. Changing the definition of firm-size classes can show that most employment is in smaller firms. Which is correct? Do small or large businesses provide most jobs?

The Oregon Employment Department traditionally assigns firms to one of eight size classes based on their employment: 1-4, 5-9, 10-19, 20-49, 50-99, 100-249, 250-500, and 500+ employees. These size classes are the same as the ones used by the federal government. It is clear that these size classes are unequal in size range. The first class has a range of four, the second has a range of five, the third class has a range of 10, and so on. The final class ranges from 500 to more than 10,000 employees. Given this, it is hardly surprising that the larger class sizes often contain more employment. The larger the size range, the more firms will be included within that range. Graph 1 shows the distribution of Oregon’s employment using these traditional size classes.

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Which big firms are moving into Oregon?

June 20, 2013 --

Hobby Lobby, Shoe Firm & Apparel Co. Invade OregonOSBA
By Oregon Small Business Association

Hobby Lobby
In late 2014, Hobby Lobby will open a 61,000 square-foot store in Albany’s Heritage Mall. The Christian-based crafts store currently has 531 stores in 44 states. In April, Hobby Lobby set its minimum wage at $14 for full-time hourly workers and $9.50 for part-time, both of which far exceed Oregon’s minimum wage. Heritage Mall is located near Interstate 5 and Oregon State University.

Respect Your Universe, Inc.
A recent relocation of their headquarters from LasVegas to Portland consolidated Respect Your Universe’s product development, marketing, sales and accounting teams. Initially focused on mixed-martial arts apparel, the company has expanded to include other performance apparel. The company’s flagship retail store is in LasVegas, but additional west coast retail space is planned.

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Oregon #4 in “Zombie foreclosures”

June 19, 2013 --

home-foreclosureBy Oregon Tax News

With 52% of foreclosed homes in the state vacant, Oregon has the fourth highest rate of “zombie foreclosures” in the country. A “zombie foreclosure” is an unoccupied home in foreclosure, but not yet foreclosed. Half of the approximately 2300 Oregon homes in foreclosure, but not yet foreclosed, are vacant, and almost half of those have no forwarding address.

Vacant homes become eyesores through lack of maintenance, and often become home to squatters, or centers of criminal activity. When the owner cannot be contacted, it is difficult to evict trespassers, and the property cannot be cleaned up without spending public money. In the case of bank owned properties, navigating the bank’s bureaucracy to find a person to contact about the property’s condition can be impossible.

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Telemarketers refund $400,000 to Oregonians

June 18, 2013 --

Oregon-department-of-justice

By Oregon Attorney General
Settlement also calls for $400,000 payment to state, agreement to cease doing business in Oregon

A Phoenix, Ariz.-based telemarketer that sold a home-based business scheme to more than a hundred Oregonians has agreed to pay full refunds to all of its Oregon customers who file a complaint with the Oregon Department of Justice.

U.S. Doc Assist LLC, AflacAssist LLC and 10 affiliated companies, as well as their principals, Lance Himes and Leary Darling, have agreed to permanently cease doing business in the state. They will also pay $400,000 to the state of Oregon.

The companies sold a variety of work-from-home business opportunities. Dozens of customers signed up, lured by the promise of steady passive income for little if any hands-on work. The companies targeted the elderly, whose need for additional revenue and unfamiliarity with technology made them ideal targets.

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