Business News - Part 10

Economics behind Portland as youth magnet

By Patrick Emerson Oregon Economics Blog

Portland got another national star turn on NPR with a story about the migration of twenty somethings to the city despite relatively high unemployment and low pay. The usual suspects are trotted out as reasons – lifestyle, hipsters beget more hipsters, etc.

It seems to me, however, there are two points that keep getting missed in the discussion that provide the essential linkages to provide at least a plausible explanation of the phenomenon.

The first is that as societies grow more affluent one of the biggest jumps on consumption we see is a jump the the consumption of leisure time. A

Feb 21, 2011

Posted by Elizabeth Hernandez | No Comments »
Tags: Portland, Portland Youth

Kitzhaber renews film & TV tax credits in budget

Governor Kitzhaber’s 2011-2013 budget includes job creation priorities that can help bring our state out of the recession. Included in these priorities is the extension and expansion of the Oregon Production Investment Fund (OPIF), a tax credit program which motivates investment in film and television projects in Oregon. Governor Kitzhaber said he will use “proven strategies” to improve Oregon’s struggling economy and the boost to OPIF is a strong step forward. The program stands out for its extensive tracking and reporting of jobs created, and for the its strong record of bringing money into the state.

Oregon AFL-CIO President Tom Chamberlain responded to the Governor’s announcement, saying “Oregon is still struggling: over 10% of our workers are out of a job. It’s clear

Feb 16, 2011

Posted by Elizabeth Hernandez | No Comments »
Tags: Budget, Credits Budget

Public Employee Pension Transparency Act gains support

The U.S. Chamber expressed its support for the Public Employee Pension Transparency Act introduced by Representatives Devin Nunes (R-CA), Paul Ryan (R-WI), Darrell Issa (R-CA), and Lamar Smith (R-TX). The Act would require that state and local government pension plans report to the Secretary of the Treasury the funded status of those plans, and that the information be made publicly available via a searchable website. At a press conference with members of Congress today, Randy Johnson, the Chamber’s senior vice president of Labor, Immigration, and Employee Benefits said, “The unfunded liabilities of state and local government pension plans has reached crisis proportions with no solution in sight. Unf

Feb 09, 2011

Posted by Elizabeth Hernandez | No Comments »
Tags: Pension Transparency, Pension Transparency Act, Support, Transparency Act

Shovel-Ready stimulus jobs still not being spent

By Oregon Tax News,

After spending almost one trillion dollars investing in “shovel-ready” jobs, Americans have seen very little infrastructural improvement.

Almost two years after Congress approved the federal stimulus projects, some of the largest U.S. cities still have not even spent half of their federal stimulus funds for job creation. Experts worry that the slow payout may be part of the restraint on economic recovery. Although some cities purposely deferred spending, bureaucratic conflicts combined with the complexity of the work and shortages of federal and local staffers to disburse the money are to blame for most of the delays. At

Feb 06, 2011

Posted by Elizabeth Hernandez | No Comments »
Tags: Jobs, Stimulus Jobs

Eugene rejects 5% restaurant tax

By Oregon Restaurant & Lodging Association,

Eugene City Council soundly rejected a proposed five percent restaurant tax after hearing opposition from five local restaurant owners and an ORLA representative.

Jan 31, 2011

Posted by Elizabeth Hernandez | No Comments »
Tags: Restaurant Tax, Tax

What Obama’s speech means for business

The President’s State of the Union message spent a good deal of time on competitiveness, and rightfully so. So let’s talk about what business can expect from efforts to improve the nation’s competitiveness.

SOU To begin, the nation does not really compete. Workers compete for jobs, consumers compete to buy stuff, businesses compete for sales and productive resources. The government, per se, does not engage in global economic competition.

That means you, as business leader, worker or consumer, are responsible for your own success or failure, at least as a first approximation.

The government can do some things, like provide a good business environment. The P

Jan 26, 2011

Posted by Elizabeth Hernandez | No Comments »
Tags: Business

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Economics behind Portland as youth magnet

Kitzhaber renews film & TV tax credits in budget

Public Employee Pension Transparency Act gains support

Shovel-Ready stimulus jobs still not being spent

Eugene rejects 5% restaurant tax

What Obama’s speech means for business

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