Economy

Many kids are not equipped to deal with misinformation on social media.

Senate passes ‘right to repair’ bill on fixing electronics

BY: - February 20, 2024

The Senate on Tuesday passed a bill that would give consumers more options to repair their home appliances and electronic devices.  The Senate voted 25-5 to pass Senate Bill 1596, a “right to repair” proposal aimed at widening consumer choice and lowering the costs of repairing electronic gear from laptops to smartphones and other devices […]

Construction workers build a residential high rise on October 02, 2023 in Miami, Florida.

When will housing affordability improve? Spoiler alert: It will take some time

BY: - February 19, 2024

Inflation is slowing and job growth has surged, but many Americans still feel the burden of expensive housing – fueled in part by high demand, low inventory and mortgage rates. Home prices across the U.S. rose 5.5% over the past year in December 2023 and they are projected to increase 2.8% year over year by […]

With a lack of housing in Oregon, rents have soared.

Oregon lawmakers propose pared-down version of Kotek housing bill

BY: - February 13, 2024

A significantly pared-down version of Gov. Tina Kotek’s signature housing bill cleared a Senate committee on Tuesday, suggesting lawmakers are willing once again to spend hundreds of millions of dollars on housing and homelessness – if not to the extent the governor wanted.   Through Senate Bill 1537 and a separate budget request, Kotek had asked […]

Legislature edges toward passage of ‘right to repair’ bill

BY: - February 12, 2024

The Legislature is again considering a bill that would give consumers more options to repair their own electronic devices and appliances. The Senate Committee on Energy and Environment is holding a second public hearing on Monday to consider Senate Bill 1596, a “right to repair” proposal that aims to widen consumer choice and reduce the […]

U.S. Federal Reserve Board Chairman Jerome Powell speaks during a news conference at the headquarters of the Federal Reserve on January 31, 2024 in Washington, DC.

Fed keeps interest rates same, as expected, with changes likely months away

BY: - February 1, 2024

The Fed held key interest rates steady again, as expected, and signaled that a cut that could affect everything from credit card rates to the housing market to new business creation could still be months away. The decision Wednesday was the fourth consecutive time the central bank has left the rate unchanged since its September […]

COMMENTARY
A woman walks past the Amazon Go grocery store at the Amazon corporate headquarters on June 16, 2017 in Seattle, Washington

It’s not the vibes giving us a sour economic mood; it’s the monopolists

BY: - February 1, 2024

In recent months a lot of economic commentators have been flabbergasted that despite low unemployment, steady job growth and easing inflation, the public mood about the economy remains dour. Pundits have blamed social media, partisanship and negative media headlines. But what if our headline economic data simply fails to tell a complete story? Dig a […]

Overdraft fees, late fees could be slashed as White House continues attack on junk fees

BY: - January 25, 2024

The cost of overdrawing your bank account could ease considerably under a rule proposed recently by the Consumer Financial Protection Bureau. The proposed regulation is in line with a larger effort that the Biden administration has championed the past few years to crack down on “junk fees,” which are tacked onto everything from ticket prices […]

COMMENTARY
Oregon's tax system, like those across the country, favors the wealthy.

Oregon’s tax system is fundamentally unfair, but we can fix it

BY: - January 23, 2024

If you were designing a tax system from scratch, who would you tax at a higher rate: a low-income family struggling to pay the rent and put food on the table, or a rich family making way more money than they spend? For moral and practical reasons, it’s long been recognized that a fair tax […]

Bipartisan deal to expand child tax credit, revive business tax breaks advances in Congress

BY: - January 19, 2024

WASHINGTON — A plan to temporarily expand the child tax credit and revive tax breaks for businesses received overwhelming bipartisan support in a committee vote Friday, a rare moment of compromise in a divided Congress that’s headed into a heated election year. The tax policymakers of the GOP-led U.S. House Committee on Ways and Means […]

Bartender serves beer.

Task force on beer and wine taxes and alcohol addiction gets to work

BY: - January 19, 2024

A longtime proponent of taxes on beer and wine is now in charge of a state task force studying the public health impacts of alcohol abuse and whether to raise alcohol taxes for addiction treatment. Rep. Tawna Sanchez, D-Portland, was elected chair of the state’s new Alcohol Pricing and Addiction Services task force in its […]

The Port of Portland is requesting $10 million from the Oregon Legislature for shortfalls at Terminal 6, which handles international freight.

Port of Portland requests $10 million for international shipping terminal 

BY: - January 16, 2024

The Port of Portland has requested $10 million in one-time state funding to help cover financial losses at Oregon’s only international shipping container terminal that imports and exports products worldwide.  The Port of Portland on Tuesday submitted the request to lawmakers in advance of the five-week legislative session, which starts Feb. 5. The facility, Terminal […]

Oregon Department of Revenue will start to process electronic income tax returns Jan. 29

BY: - January 16, 2024

The Oregon Department of Revenue will start to process 2023 state income tax returns that are electronically filed on Jan. 29. The date coincides with when the IRS starts to process federal returns. Electronically filed returns are processed in the order they are received. Personal income tax refunds will not be issued until after Feb. […]