On Tuesday when we started the conversation on our Facebook page about the real impact of the bad economy, the DOW was back on the mend and the fallout from S&P downgrades seemed to be moderate. In that calm before the storm, however, we still felt that the blows to the economy are adding up and causing real people real headaches.
Boy is it, and according to one expert the kind of economic recession we have had will take years to pull out of.
PULLMAN, Wash. – The Washington Center for Real Estate Research at Washington State University reports home sales and prices declined in the second quarter statewide.
Governor Chris Gregoire is telling state agencies to prepare for further budget cuts because of the faltering economy. Her budget office today asked agencies for ideas to reduce planned spending by 5 or 10 percent.
Meanwhile, the Standard & Poor's downgrade of federal debt is unlikely to have much near term effect on the borrowing costs for the state. Although, S&P did deal the city of Tacoma a blow by downgrading it's credit rating on debt backed by the federal government.
Soon after downgrading the credit rating of the United States, Standard & Poor’s has taken the city of Tacoma’s rating down a notch from AAA to AA+ on debt it has issued that is backed by the federal government, according to a report in the Puget Sound Business Journal.
A new agricultural plant near Othello in Eastern Washington is breeding highly specialized corn for the huge world-wide seed company Monsanto. The laboratories and growing facilities are slated to help the company more quickly distil the genetics of corn to get top characteristics to market.
A decline in the number of homes for sale in the area has raised hopes the market is improving or at least stabilizing, but some analysts say it's actually proof of a bank foreclosure bottleneck.
Even as the stock market takes stomach turning plunges this week, it’s still good to be a luxury item retailer.
Seattle’s online diamond jeweler, Blue Nile, put out its second quarter earnings report on Thursday. And though the numbers aren’t dazzling, they’re still on the rise.
The next time you head down the interstate, that truck in the lane next to you could be from Mexico. That's because of a recent cross-border trucking accord between the United States and Mexico.
Opponents say putting Mexican trucks on U.S. roads is risky. But there's little evidence to show that Mexican trucks are actually a hazard on the highway.
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