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Business news

Anna King

 

A slowdown at western ports is now aggravating farmers across the Northwest.

Produce processors are laying off production line workers. Apples are backing up. And the summer’s premium hay is stacked in sheds and not moving.

Ashley Gross / KPLU

Seattle Housing Authority, which runs public housing in the city, has backed away from a proposed rental policy change that sparked protest, and now the agency says it won't put forth a new plan before 2016.

This past summer, SHA proposed a new policy called "Stepping Forward" in which it would no longer set rent at 30 percent of a tenant's income, and instead would charge rent based on the size of the unit.

Ashley Gross / KPLU

The price of crude oil has dropped to its lowest level in about five years and has fallen about 40 percent this year. That’s great for people filling up their gas tanks, but perhaps not such good news for a company like Boeing that’s made fuel-efficiency of its new airplanes a big selling point.

Now the company is explaining why the drop in oil prices is not cause for concern. 

Elaine Thompson / AP Photo

Editor's note: This story has been updated to correct the spelling of Gerry Pollet's name. We've also removed a sentence that said last year's tax preference extension hasn't yet gone into effect. It took effect July 9, 2014. 

Last year, the Washington state legislature extended aerospace tax breaks worth an estimated $8.7 billion in an effort to persuade Boeing to build the 777x jet here.  

The company did commit to build the plane here, but at the same time, Boeing has announced plans to move thousands of other jobs away. And that has some lawmakers in Olympia ready to require companies to meet tougher criteria to qualify for lower tax rates.

Scott Sady / AP Photo

Business groups are cheering a unanimous decision by the U.S. Supreme Court in a case brought by Amazon warehouse workers. The justices rejected the workers’ argument that they should be paid for the time spent waiting to go through security screenings.

Amazon.com.

 

A new letter from Amazon to the Federal Aviation Administration indicates the e-commerce giant is getting frustrated with the wait for approval to test package delivery drones.

Ashley Gross / KPLU

King County Metro Transit bus drivers are stepping up their pressure on officials to give them more bathroom breaks. On Monday, some workers picketed outside King County Executive Dow Constantine’s office to draw attention to what they say are unsafe and unhealthy working conditions.

Jerry Meaden / Flickr

In the wake of the financial meltdown of 2008, some cities have started exploring the idea of bypassing commercial banks by creating public banks. This Wednesday, a forum will explore the idea of Seattle creating its own lending institution

Austin Jenkins

 

Low-wage workers picketed and rallied across the country Thursday in support of a $15 per hour minimum wage.

On the steps of the Washington state Capitol, a group of about 50 people gathered, mostly minimum wage earners who carried signs saying "Strike poverty." They’re calling for a $15 per hour base wage in Washington state.

Sam Howzit / Flickr

Starbucks Chief Executive Howard Schultz says his company is facing a "tidal wave of change" as people buy more online and less in brick and mortar stores, so he’s outlined a plan to attract even more people to his cafes even in the age of e-commerce. 

Jennifer Wing

Accompanied by a small entourage, Reverend Jesse Jackson spoke at a rally outside Amazon’s headquarters in Seattle Wednesday in support of Amazon’s security guards.

The security guards are not employed by Amazon, but instead work for a California-based company called Security Industry Specialists, or SIS.

AP Photo

A report by federal accident investigators points to a manufacturing defect as the likely cause of an internal short circuit that led to a battery fire in a Boeing 787 airliner parked at Boston's airport last year.

Friends of the Earth International / Flickr

Sunday marks the 15th anniversary of the World Trade Organization meeting that brought tens of thousands of protesters to Seattle. Now labor groups are once again sounding the alarm that new trade deals being negotiated may leave workers behind. 

Brett Davis / Washington Farm Bureau

Steve Sakuma, one of the owners of Sakuma Brothers Farms, a Skagit Valley berry farm that’s been in the spotlight for a labor dispute, calls President Obama’s announcement on immigration a "good first step." But he says it doesn’t solve a labor shortage the farm has faced.

In the past, Sakuma has called the current immigration system broken, saying it’s not good to have so many workers living in the shadows and it limits their upward mobility. For that reason, Sakuma praised the president’s move to protect some workers from deportation and let them work here legally.

Washington Employment Security Department

Employers added 5,600 more jobs in Washington state last month. But the statewide unemployment rate as reported by the state Wednesday rose by three-tenths of a point to 6.0 percent. 

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