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Saturday, December 7, 2019  Spokane, Washington  Est. May 19, 1883
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Stories tagged: income

Why wealth gap has grown despite record-long economic growth

After a full decade of uninterrupted economic growth, the richest Americans now hold a greater share of the nation’s wealth than they did before the Great Recession began in 2007. …

UPDATED: Wed., April 10, 2019

REI reports more sales, income, and members – but also higher costs (and it still needs a new CEO)

Despite a business environment that is increasingly hostile to physical retailers, REI is delivering impressive results.

Idaho farm income declined in 2018, dairy is struggling

A recent economic report shows Idaho farm income fell for a second straight year in 2018 largely due to overproduction by dairy producers.

Ousted EPA head Pruitt denies getting improper gifts, income

Scott Pruitt, the scandal-ridden former Environmental Protection Agency chief, denied on Wednesday that he had obtained any out-of-the-ordinary gifts as a result of his Cabinet-level post, dismissing allegations he received …

Redfin: 2Q Earnings Snapshot

Redfin Corp. (RDFN) on Thursday reported second-quarter net income of $3.2 million, after reporting a loss in the same period a year earlier.

UPDATED: Thu., April 19, 2018

McMorris Rodgers releases tax return for ‘transparency,’ Brown says she will too

Rep. Cathy McMorris Rodgers releases her 2017 tax returns, calling it an exercise in transparency and trust. After initially declining, Democratic challenger Lisa Brown says Tuesday evening she will release …

Slight delay before individuals would see bump in take home pay following GOP tax plan

Following the passage of the GOP’s tax reform bill, individuals could see a slight bump in the take-home pay they see on their paychecks.

Solid U.S. spending gain masks weak spot of stagnant incomes

Americans’ spending, the biggest part of the economy, jumped in September by the most since 2009. A look at how it came about tells a less rosy story. After-tax incomes …

The Gig Economy is big and here to stay: How workers survive and thrive

Experts differ on exactly how large the Gig Economy is, but there is consensus that the Gig Economy is growing faster than traditional employment. And it is here to stay.

Fear of robots taking jobs spurs a bold idea: guaranteed pay

As technological innovations increasingly edge into the workplace, many people fear that robots and machines are destined to take jobs that human beings have held for decades. For many affected …

UPDATED: Wed., Aug. 2, 2017

Key Tronic reports drop in 4Q income

Spokane Valley-based Key Tronic Corp. has reported net income of $1.3 million for the fourth quarter of its fiscal year ending in July, a decline company officials attributed to lower …

Rob Quist, Montana Democrat in U.S. House bid, underreports income

The Democratic candidate for Montana’s sole U.S. House seat, a cowboy poet and musician running for public office for the first time, underreported $57,000 in income when he filed federally …

U.S. home price gains lift household wealth to $90.2 trillion

A healthy increase in home values and higher stock prices drove up U.S. household wealth in the July-September quarter, though the gains are largely concentrated among wealthier Americans.

For Labor Day, census numbers tell workers’ story

Labor Day was thought to have first been observed on Sept. 5, 1882, when about 10,000 workers gathered in New York for a parade. That resulted in similar events nationwide.

Obama fails to lead on Social Security

Obama perpetuates the popular but outdated myth that, by and large, the elderly are a poor, needy group. They deserve more financial help. The 65-and-over population exceeds 46 million. Some …

Lower pay for poor is what’s widening U.S. income gap, study finds

WASHINGTON (AP) – The income gap in major U.S. cities goes beyond the trend of rising paychecks for those at the top: Pay has plummeted for those at the bottom. …

Shawn Vestal: Census shows millennials are better educated, lower paid

Millennials! You’ve heard of them, right? Judging by the relentless media inquiry, you might suspect they are an alien race, landed from the future or outer space or Brooklyn, whom …

Trickle-up economics drowns middle class

Ten years ago, Kaiser gave up on its Mead plant. The plant had been idled in 2000, but in 2003, the company formally stopped holding out hope for a reopening. …

America: Who Stole The Dream? U.S. Policies Widen Gap Between Rich, Poor Laws Fatten The Wealthy At Expense Of American Workers

Let’s suppose, for a moment, that there was a country where the people in charge charted a course that eliminated millions of good jobs. Suppose they gave away several million …

Rich Americans Pay More In Taxes Clinton Revisions Bring In $31 Billion More From Wealthy

As the April 17 filing deadline looms, miserable taxpayers can find company among the affluent. Well-to-do Americans’ taxes surged 16 percent in 1993, the first year of revisions pressed into …

Playing Catchup Despite Some Gains, North Idaho Wages Continue To Trail State, National Averages

As the country’s blue collar manufacturing base has eroded, Kootenai County’s has swelled. That reflects the success of local economic development efforts and gives some hope to the thousands of …

America’s Middle Class: Statistic Or State Of Mind?

To Newt Gingrich, the middle class is any family with kids that makes up to $200,000 a year. For Bill Clinton, the middle class ends somewhere around $100,000. But Phyllis …