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The Spokesman-Review Newspaper
Spokane, Washington  Est. May 19, 1883

Becky Kramer

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News >  Business

Company sees fast market for slow boats

Duffy Electric Boats are good for 10 hours of lake cruising on a recharge that uses less than $1 worth of electricity. But speed boats they are not. The electric boats run at a leisurely pace of 7 mph. "You don't have the option of pulling water skiers behind you," said Pat Hoon, a 30-year boater from Coeur d'Alene.
News >  Idaho

Larkin foresees big population jump

Post Falls could swell to 68,000 residents by 2028, Mayor Clay Larkin said Tuesday during his State of the City address. The projection is based on an annual growth rate of 5 percent. It's actually a conservative figure, Larkin told the crowd. If Post Falls grows faster – recent population growth is closer to 8 percent – or annexes more land for development, the city's population of 24,000 could quadruple over the next two decades, he said.
News >  Business

Bridging a wage gap

To compete with McDonald's for workers, Kelly Minor raised the starting wage at Zip's Drive-in in Coeur d'Alene to $6.50 per hour, adding a 50 cent raise after 30 days.
News >  Idaho

Chili cook-off for a chilly day

PONDERAY, Idaho – Good chili, in Bill Livingstone's estimation, starts with a pound each of diced pork chops and sirloin, plus a little bit of lime marinade. After he browns the meat, he rinses the pan with splashes of Corona beer.
News >  Business

World unrest may boost gold, silver this year

Bad news is often good news for gold and silver markets. If 2007 lives up to expectations as a year of political unrest and world strife, prices for both metals could rise substantially. "There are a tremendous number of problems that could scare investors into gold and silver," Jeffrey Christian, managing director of the New York-based CPM Group, said in a phone interview Wednesday.
News >  Business

Power council adds ex-Hecla exec

Bill Booth, a former Hecla Mining Co. executive, has been appointed to the Northwest Power and Conservation Council. Booth is one of two Idaho representatives on the four-state council, which is charged with balancing the region's need for low-cost hydropower with protecting endangered salmon runs.
News >  Business

Litehouse is spreading the wealth

Litehouse Inc., a Sandpoint manufacturer of refrigerated salad dressing and dips, is on its way to becoming an employee-owned company. In December, the privately held family firm sold 30 percent of its stock to an Employee Stock Ownership Plan, or ESOP. The shares will be held in trust for workers, who will accrue them over time through vesting.
News >  Idaho

New Year’s Day tradition not for the coldhearted

Hundreds of revelers started the new year with a dip in Lake Coeur d'Alene – an icy baptism that stole breath from lungs and numbed fingers and toes. The temperature gauge stood at 28 degrees Monday. With wind chill, it felt like 21 degrees. But Sanders Beach was alive with merriment as bathers counted down the minutes until the annual Polar Bear Plunge.
News >  Idaho

Competitors say incentives don’t pay

In their zeal to land Cabela's stores, state and local governments concede too much to the Nebraska-based sporting goods retailer, says David Ewald, a Minnesota consultant. Next year he'll visit Boise to urge state lawmakers to turn down a plan to reimburse Cabela's for building a $15 million freeway interchange to serve its new Post Falls store.
News >  Business

U.S. Products goes global

U.S. Products, a Coeur d'Alene manufacturer of commercial carpet-cleaning equipment, has been sold to a Danish firm – a move that will help the company sustain its rapid growth, officials said. The company makes high-end cleaners, retailing for $1,000 to $6,000 apiece. ServiceMaster, which cleans 10.5 million homes and businesses each year, is one of U.S. Products' customers. Company sales have quadrupled to $12 million in the past eight years, while the work force has nearly tripled. "Every place there's carpet, basically we're there," said Chuck Wilke, U.S. Products' chairman.
News >  Spokane

Silver Mountain to add golf community

Silver Mountain Resort plans to transform part of the Bunker Hill Superfund site into an 18-hole golf course and residential community. Eagle Crest Inc., the ski area's parent company, received approval Tuesday night from the Kellogg City Council for a 565-acre development on the western edge of town. The land is located on a natural bench in the rolling hills above McKinley Avenue. It was once part of the Bunker Hill complex, a lead mining and smelting operation that employed 2,000 people.
News >  Business

Bargains await at pawnshops

Christmas is a hectic season for retail managers. Ken Craudell's job is no different. For nearly 10 years, he's managed a pawnshop on East Sprague. During the first two weeks of December, most of the people patronizing the Double Eagle Pawn Shop are looking for small loans to tide them over the holidays.
News >  Idaho

Potlatch to sell timberland

Potlatch Corp. will cash in on the rising real estate value of its Idaho timberlands by selling off about 100,000 acres over the next decade. The land is more valuable for recreation cabins, trophy homes and hunting spreads than for growing trees, company officials said Monday. The Spokane company also plans to ramp up sales of "non-strategic" timberland in Minnesota and Arkansas.
News >  Business

Micro(brew) management

Beers, Bulls and Bears takes a light-hearted approach to microbrews and investing. "Learn a little, drink a little," said Margaret Hair, summing up her reaction to the monthly event at Daanen's Deli in Hayden.
News >  Spokane

Recipe for a fundraiser: skill and whimsy

When architects and chefs team up to build gingerbread houses, they bring their power tools. A jigsaw whizzed through flat sheets of gingerbread Sunday afternoon at the Davenport Hotel, where six teams worked to create elaborate castles and tract homes, a Hobbit house and a Nutcracker scene at the Second Annual Gingerbread Build-Off.
News >  Idaho

House prices beyond many in CdA

The American dream of home ownership is fading for many Coeur d'Alene residents, according to a study released Friday. Families earning less than $50,000 per year – which represent about half the city's population – have difficulty finding a home they can afford in the current housing market, according to a study done by BBC Research & Consulting of Denver.
News >  Business

She’s a perfect fit

Lois Huber fits loggers and linemen with work boots, and recommends raingear for construction crews. The 74-year-old is a top seller at the Army-Navy Store in Coeur d'Alene, combining a "mother knows best" attitude with a formidable knowledge of outdoor gear.
News >  Idaho

Get your passports now

Raising $750 for a Royal Caribbean cruise to Mexico is already a stretch for some Clark Fork High School students. So Claudya Shane was relieved to learn that passports won't be required for the April trip. "We'll only be in Ensenada, Mexico, for eight hours, for pity's sake," said Shane, a retired teacher who organizes the annual trip for second-year Spanish students. "For some of them, paying $100 for a passport is a lot of money."
News >  Business

Sandpoint may get MBA program

The University of Idaho wants to bring an executive MBA program to Sandpoint to help busy professionals earn graduate degrees. University officials are pitching the concept to local companies to gauge the level of support.
News >  Business

Counting on Canada

As an escalator whisked Marlene Dreher toward Nordstrom's third floor, she flung out her arm and cried "Focus, girls, focus!" Her two daughters and a daughter-in-law – momentarily sidetracked by a display of dress boots a floor below – fell into step. The women, all Canadians, were on a carefully scripted shopping trip to Spokane. In four days, they planned to hit up to 100 stores. It fell to Dreher, a twinkly-eyed grandma, to get the troops to their first agreed upon stop: Nordstrom's children's department.
News >  Business

Sandpoint to gain retail, office complex

A retail and office complex covering more than four acres and featuring a new financial center is planned for southwest Sandpoint. Ron Robinson owns the land and is developing the project, which includes a three-story, 18,388-square-foot building that will be anchored by Mountain West Financial Center.
News >  Business

The game has changed

WORLEY, Idaho – David LaSarte-Meeks always had a hankering to return to his roots on the Coeur d'Alene Indian Reservation, but job offers usually pulled him away. He worked as an engineer in Washington, D.C.; as executive director of the Arizona Indian Gaming Association in Phoenix; and as an attorney in Seattle.
News >  Spokane

UI researcher angling for fish vaccine

Rainbow trout might be native to Northwest streams, but chefs all over the world revere the fish's firm, mild-tasting flesh. Thanks to aquaculture, fresh trout appears on menus from Tokyo to Tehran. "In Japan, it sells quite well against the sockeye salmon," said Jim Parsons, senior vice president of Troutlodge Inc. in Sumner, Wash. His company ships rainbow trout eggs for cultivation to 45 countries, including Iran.
News >  Idaho

Cabela’s near deal with Post Falls

Post Falls appears to have hooked Cabela's. After months of playing coy, company officials confirmed that final negotiations are under way for a mega sporting goods store that could open by fall 2007.
News >  Business

Unkind cuts ahead for sawmills

Expect more shakeout in the wood products industry, Potlatch CEO Mike Covey warned analysts during a conference call on Tuesday. North American mills are geared up to produce 65 billion board feet of lumber – enough to build 2.2 million houses. With residential construction projected to fall by 20 percent next year, demand for lumber will continue to fall off sharply, and that will lead to more layoffs, Covey predicted.