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Top 10 consumer complaints

March 22, 2017 --

By Oregon Attorney General Office,

Oregon Attorney General Ellen Rosenblum  announced the annual Oregon Department of Justice’s 2016 Top Ten Consumer Complaints. For the second year in a row, imposter scam calls, such as the IRS imposter scam, came in as the number one complaint in Oregon. Imposter scam calls received more than five times the number of consumer complaints as the next category.

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New WA casino will cost Oregon to lose $110M

March 21, 2017 --

By Josh Lehner
Oregon Office of Economic Analysis Blog

As the opening date for the Cowlitz Tribe’s Ilani Resort and Casino in La Center, Washington approaches, here is our office’s summary of the potential impact on Oregon Lottery revenues.

casino0317

Our office continues to refine the estimated impact of the upcoming casino in La Center, Washington (16 miles north of Portland) which is set to open in “late spring” 2017. While the casino won approval a year or two ago, legal challenges remained and our office had previously taken a wait and see approach before adjusting the outlook accordingly. Beginning with the June 2016 quarterly forecast, our office started incorporating the casino’s impact.

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The week stocks were muted

March 20, 2017 --

by Timothy D. Carkin
Senior Vice President
Ferguson Wellman,
A leading Oregon financial firm

March 17, 2017 — As traders were nursing their wounds from early bracket pains, the market saw that U.S. stocks were muted this week, up 0.2 percent. Investors’ reactions to finally getting the anticipated Fed rate hike were tempered by oil production figures from OPEC, causing concern early in the week. Global stock markets rejoiced and posted their best week this year after the Fed came in less hawkish than some feared. Non-U.S. stocks rallied more than two percent with emerging markets leading the way up over 4.3 percent. 

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NFIB backs Paul Ryan Health Reform

March 17, 2017 --

By NFIB,

Small businesses deserve healthcare that’s affordable, flexible, and predictable. Congress has taken a first step.

Health reform is in the spotlight this week with the introduction of the American Health Care Act in the U.S. House of Representatives. Congress is expected to vote on the bill next week, and it stands to have a big impact on small businesses.

The bill eliminates the most punishing elements of Obamacare, including the taxes and mandates that have increased costs, limited choices, and smothered job creation. Though the bill does not address all the reforms that must occur, the American Health Care Act is a necessary step to providing important healthcare relief for small business.

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Data Chart on Oregon’s influx, refugees

March 16, 2017 --

By Josh Lehner
Oregon Office of Economic Analysis Blog

orforeignhistory

On the heels of the recent post on diversity and Middle Eastern ancestry, our office wanted to get a better understanding of the foreign-born population here in Oregon. So we asked Kanhaiya in our office, and Charles Rynerson, demographer at Portland State’s Population Research Center, to help us with some data and information. What follows is a look at the historical trends here in Oregon, which countries our foreign-born residents came from and the like. Thanks Kanhaiya and Charles!

UPDATE: One reason this is important has to do with demography. Many foreign-born or minority households do have higher birth rates. Many of rural Oregon’s counties with a higher foreign-born or minority population share have better population outlooks as the natural increase (births minus deaths) remains positive. The natural increase has slowed considerably across the nation as the Baby Boomers age, and has turned negative in many parts of the country and in some areas here in Oregon.

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Ruling changes Oregon overtime rule

March 15, 2017 --

Barran Liebman
Oregon Law Firm

Daily and Weekly Overtime in Oregon Changes Again for Workers in Mills, Factories, and Manufacturing Establishments
By Amy Angel and Nicole Elgin

In good news for employers, on March 9, 2017, in Mazahua Reyes v. Portland Specialty Baking, LLC, Multnomah County Circuit Judge Kathleen Dailey held that employees working in mills, factories, and manufacturing establishments are entitled only to the greater of daily or weekly overtime pay in a workweek, not both.

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Oregon loses from a trade war

March 14, 2017 --

Associated Oregon Industries
Oregon’s largest business advocate

Supporting Oregon Trade in an Uncertain Environment

Oregon ranks high on lists of trade-dependent states. For most of the past three decades that has been a good thing, as global trade has been a driver of economic growth. But with the Trump Administration pondering a rewrite of federal trade rules, Oregon is high on another list: states with the most to lose from a trade war.

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Bull market hits 2nd longest ever streak

March 13, 2017 --

by Shawn Narancich, CFA
Executive Vice President of Research
Ferguson Wellman,

A leading Oregon financial firm

March 10th — Investors recognized the 8-year anniversary of a bull market that is now second only in length to the tech-fueled run of the 1990s. In March, blue chip stocks have consolidated a small portion of recent gains, but nevertheless, the S&P 500 has now returned over 250 percent since the bear market lows in March of 2009. The tech boom twenty years ago was marked by productivity enhancing technology investment that boosted economic growth to rates domestically that routinely exceeded 3 percent. In contrast, economic growth this cycle has been disappointingly slow, with weak aggregate demand growth supported by easy money policy that the Fed is now in the early stages of unwinding. 

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Senate votes to repeal BLM rule

March 10, 2017 --

The National Cattlemen’s Beef Association

Cattlemen, Public Lands Council Hail Senate Passage of Resolution Rolling Back BLM Rule: “Strike Two for 2.0”

The Public Lands Council and the National Cattlemen’s Beef Association today hailed Senate passage of the resolution to repeal the Bureau of Land Management’s (BLM’s) Planning 2.0 Rule. Passage in the upper chamber takes the rule one step closer to the President’s desk and putting this damaging rule to rest once and for all.

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Chamber cheers Blacklisting CRA vote

--

U.S. Chamber of Commerce,

U.S. Chamber of Commerce Senior Vice President of Labor, Immigration, and Employee Benefits Randy Johnson issued the following statement regarding Senate passage of H. J. Res 37, a Congressional Review Act resolution disapproving of the Federal Acquisition Regulations that implement President Obama’s Fair Pay and Safe Workplaces executive order:

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