Stories tagged: Recession
Thu., Feb. 18, 2016, 3:43 p.m.
Twitter stock gets $2.25M vote of confidence from 2 execs
Documents filed Thursday revealed Twitter Executive Chairman Omid Kordestani spent about $2 million to buy 122,250 shares of the company’s stock earlier this week. A separate filing revealed Chief Financial …
Thu., Feb. 18, 2016, 1:39 p.m.
Kmart buying up bankrupt companies’ products to offer big discounts
Struggling discount department store Kmart will begin selling merchandise from bankrupt retailers, liquidations and “other opportunistic situations,” the company said Wednesday.
Thu., Feb. 18, 2016, 9:25 a.m.
Freddie Mac profit rises on higher interest rates
Freddie Mac, the government-controlled mortgage company, said its net income jumped in the fourth quarter thanks to higher interest rates.
Wed., Feb. 17, 2016, 1:53 p.m.
Mexico drops dollar auctions, raises rates, cuts spending
The Mexican government said Wednesday that it is dropping daily dollar auctions, raising interest rates and cutting government spending by 0.7 percent of GDP as it tries to counter falls …
Wed., Feb. 17, 2016, 11:29 a.m.
Fed worried by global turmoil, minutes show
Federal Reserve policymakers expressed growing concerns at their meeting last month about potential threats to the U.S. economy, including turbulence in financial markets, plunging oil prices and slowing growth in …
Fri., Feb. 5, 2016, 6:50 a.m.
US exports fell in 2015 for first time since recession
The U.S. trade deficit rose in December as American exports fell for a third straight month, reflecting the pressures of a stronger dollar and spreading global weakness. Those factors contributed …
Sat., April 19, 2014
Library ties DIY events to exhibit on Great Depression
A library exhibit about the Great Depression aims to draw connections between the people who made do then and the people making do now. That’s why, along with exhibits of …
Sat., March 23, 2013
Kootenai County’s jobless rate 6 percent
Kootenai County’s unemployment rate fell to 6 percent last month. That is nearly as low as in summer 2008, when the Great Recession was beginning to grip the Northwest. The …
Sat., Jan. 12, 2013
Lot of frustration
For about four years, a pit surrounded by temporary chain-link fencing has greeted those entering downtown Spokane on one of the busiest exits from Interstate 90. Some city leaders say …
Fri., March 9, 2012
Both sides guilty of budget-balancing gimmickry
Amid all the talk of gimmicks wafting out of Olympia these days, it’s important to remember that everybody hates them. Everybody loves sound budgeting, everybody hates a gimmick, and everybody …
Sat., Feb. 25, 2012
Mothers, children hurt the most from painful budget cuts
Remember the “mancession”? That dumb name for the fact that unemployment among men was extra high? Well, a few years later, it turns out to be a misnomer. Unemployment among …
Sun., Feb. 12, 2012
Manufacturing driving recovery in Spokane
Manufacturers are hiring in Spokane and selling goods across the globe, igniting hopes of an economic recovery. From airplane parts to medical devices, cookware, pharmaceuticals and mining equipment, factories across …
Mon., Jan. 23, 2012, 6:48 a.m.
State higher education spending sees big decline
MIAMI — State funding for higher education has declined because of a slow recovery from the recession and the end of federal stimulus money, according to a study released Monday.
Thu., Jan. 19, 2012, 6:42 a.m.
December ends 3rd poor year for home building
WASHINGTON — Builders ended 2011 with a third straight year of dismal home building and the worst on record for single-family home construction, despite modest improvement at the end of …
Wed., Dec. 21, 2011, 1:29 p.m.
Census: Population slowing in large portions of U.S.
Many states that posted big population gains in the 2010 census are now seeing their decade-long growth fizzle, hurt by a prolonged economic slump that is stretching into larger portions …
Tue., Dec. 13, 2011, 1:07 p.m.
Fed says economy is healthier; takes no new steps
The Federal Reserve on Tuesday portrayed the U.S. economy as slightly healthier and held off on any new steps to boost the economy. Hiring is picking up and consumers are …
Wed., Dec. 7, 2011, 7:40 p.m.
Area home sale prices continue to decline
Average home sales prices in Spokane fell by 4.1 percent in October, in line with national and regional declines driven in part by foreclosures and high unemployment. The Spokane sales …
Sun., Nov. 27, 2011
Alligator Diesel Performance anticipates, meets customers’ needs
Alligator Diesel Performance in Coeur d’Alene increased its sales more than 1,200 percent over the past three years, enough to hit Inc. Magazine’s list of the country’s 500 fastest-growing private …
Fri., Aug. 26, 2011
Report makes mountain of market bump
Do you feel recession-proof, Spokane? All steel-plated and financially indestructible? No? Maybe you should feel a little harder. Because Forbes magazine – “the No. 1 source for business news on …
Thu., July 28, 2011, 12:46 p.m.
Sheltered in motels, “hidden homeless” wait, hope
Robert Cordero and his five children have lived at the Hillside Inn in Cherry Hill, N.J., for more than five months. They are among untold thousands nationwide who have been …
Tue., June 14, 2011
Gregoire: Two’s enough
OLYMPIA – Chris Gregoire, who became governor of Washington in the midst of controversy and managed the state during some of its greatest economic adversity, said Monday she won’t seek …
Wed., June 1, 2011
Kootenai homes lose value for fourth year
Kootenai County property values slid for a fourth year in 2011, with the total assessed value dropping almost $900 million, or 7 percent, from the 2010 level. The county’s assessed …
Sat., Feb. 5, 2011
Wise Words with Ted Solomon
Ted Solomon owns Digital Scanning and Imaging in Spokane Valley. The company scans and preserves documents involved in commerce and government. During the housing boom, the company’s growth reflected the …
Fri., Dec. 31, 2010
Editorial: Minimum wage should reflect good, bad times
In the spirit of a new year, let’s call a modest truce and concede that the economy stinks, and there is suffering enough to go around. People earning minimum wage …
Fri., Nov. 5, 2010, 1:43 p.m.
Hiring spurt in October eases jobs crisis a bit
The jobs crisis eased a bit in October as companies stepped up hiring, suggesting further gains ahead. Still, hiring remains far too weak to drive down unemployment, now stuck at …
Fri., Sept. 10, 2010, 8:39 a.m.
Obama says economic progress ‘painfully slow’
President Barack Obama insisted today that the U.S. economy is showing improvement from the deepest recession in decades but conceded the “progress has been painfully slow.” He said he understands …
Sun., Sept. 5, 2010
How adults handle economic hardship can indelibly mark children
Emily Rawls, 24, started at the University of Idaho in 2004, and her major and minor – interior design and architecture – matched a marketplace need. Housing was boom town.
Sat., Aug. 7, 2010
Holding off homelessness
Federal stimulus funding not only helped Spokane weather the worst economic downturn since the Great Depression, it changed one of the city’s leading social service agencies, which redirected its staff …
Sat., Aug. 7, 2010
Job creation remains slow
WASHINGTON – The nation isn’t creating nearly enough jobs to reduce persistently high unemployment. For the third straight month, the private sector hired cautiously in July. And those meager gains …
Fri., July 2, 2010
Economists differ over when, or if, recession has returned
WASHINGTON – Concerns are rising that the economy is at risk of slipping into a “double-dip” recession. High unemployment, Europe’s debt crisis, a slowdown in China, a teetering housing market …