Archive of: Thurston County

Title Issue

30-year mortgage rates remain steady

The weekly average rate borrowers were quoted for 30-year mortgages remained steady for the second week at 5.29 percent, up slightly from 5.25 percent the week prior, according to the Zillow Mortgage Rate Monitor, compiled by real estate Web site Zillow.com.

Meanwhile, rates for 15-year fixed mortgages rose slightly to 4.89 percent, up from 4.86 percent and five-one adjustable rate mortgages dropped down to 4.93 percent from 5.07 percent the week prior.

March 2009

Gregoire welcomes disaster relief

Gov. Chris Gregoire has expressed her gratitude for President Barack Obama's decision to declare a federal disaster area for 33 Washington counties due to public facility damage and emergency response costs resulting from the severe winter storm and snowfall earlier this winter.

"This is the largest federal snow disaster declaration in the state's history," said Gregoire. "Local and state agencies have struggled to meet the costs to respond to the record-setting snowfall that occurred across Washington last December. The President's decision can provide some vitally needed aid for these agencies."

March 2009

Phone companies generate the most AG complaints

Washington consumers filed 25,197 written complaints with the Attorney General's Office in 2008 - the greatest number since 2002. Gripes about health care businesses and commercial banks moved into the top 10 and telecommunications maintained its stronghold as the industry to generate the most criticism.

The Attorney General's Consumer Protection Division released its annual Top 20 list of consumer complaint categories today in conjunction with National Consumer Protection Week.

March 2009

Crews finish girder work on SR 6 bridge

Crews are ahead of schedule on the State Route 6, South Fork Chehalis River Bridge project as final bridge girders are set to be installed Thursday.
   
Crews must close SR 6 Thursday night to set up a crane in the roadway and complete girder installation. Once girders are set, crews will begin construction of the new bridge deck.

March 2009

Thurston businesses can go green if they hurry

Thurston businesses can now apply to receive a "Green Business" designation through a recognition program between the City of Olympia, City of Lacey, Thurston County and the Thurston County Chamber of Commerce.

March 2009

Nonresidential construction spending continues free fall

Private, nonresidential construction spending around the nation dropped 4.3 percent in January compared to December 2008, according to the March 2 report by the U.S. Census Bureau. On a year-over-year basis, private, nonresidential construction spending is up only 0.3 percent. Total nonresidential construction spending reached $687.3 billion, down 3.5 percent on a monthly basis, but up 2.1 percent from last January. 

March 2009

Russell Indexes: emerging markets outperform in February

The Russell Emerging Markets Index outperformed the Russell Developed Index by 4.5 percentage points in February as 30 percent of stocks in the emerging markets index turned in a positive return for the month compared to 19 percent in the Russell Developed Index.

"The relatively good news for emerging markets shows some regional disparity between some 'haves' in Asia and Latin America and some 'have nots' in Eastern Europe," said Rob Balkema, portfolio analyst for Russell Investments. "Certain countries such as China and Brazil benefit currently from more stable banking systems and actions taken to significantly ease the pain from slowing exports."

March 2009
Lacey's LoneStar changes hands

Lacey's LoneStar changes hands

Adam Adrian has one fewer restaurant to cook at after today. The owner of Olympia's Ramblin' Jacks, Italia and Mercato, has sold the fourth restaurant in the mix. He sold Lonestar Kitchen in Lacey this morning.

The new owner is the group behind JazzBones in Tacoma and Oak Harbor, which operated six restaurants, which is reportedly set to make renovate the Lonestar site into a concept restaurant called Red Bicycle.

February 2009

Tourism impact topped $15 billion last year

Visitors to Washington spent $15.7 billion in the state - an increase of 5.7 percent from 2007, according to a report released today by the Dept. of Community, Trade and Economic Development and Washington State Tourism.
 
"This report shows that the Washington travel industry will be an important contributor to our state's economic turnaround," said Gov. Chris Gregoire. "I put a strong emphasis on the travel industry in my Next Washington plan because it is one of our state's economic drivers. I am pleased to see that our focus on tourism has led to another strong year for the industry in Washington."

February 2009

Restaurants show their local impacts

The Washington Restaurant Association released the results of its monthly industry tracking survey for January today. The figures confirm - as forecasted - that business operators in this sector are encountering some significant economic challenges.

As for nearly every other industry, January was a difficult month for restaurants. Year-over-year comparisons show sharp declines for the month in restaurant business activity: sales, customer traffic, employee hours and staffing levels. Unfortunately, the only metric that increased was food costs.

February 2009
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