Archive of: Lakewood

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State's economy could rebound first, faster than nation

State's economy could rebound first, faster than nation

There was a slight beam of light streaming through the otherwise overcast view Arun Raha, Economic and Revenue Forecast Council Director, gave business owners at a forum in Olympia today.

The world is in the worse slowdown since World War II and the global nature of the recession means the state is no longer able to avoid feeling the economic pinch. While the state is still speeding up its pace of losing jobs and falling home prices, that trend will likely right itself by as early as later this year, which would put it ahead of recovery predictions for the nation as a whole.

March 2009

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

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

MBA builder program expands to high school

When preparing a transition into speaking with high school students, Brown & Harper Wholesale Flooring Centers owner Fred Brown, went to an expert.
 
"I asked my son if he was sitting in the class what type of topics would hold his interests," Brown said. "He reminded me to use the type of math I apply everyday in my business. I hope these students take with them the idea that you really will use geometry, algebra and basic math in your day to day life."

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

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

COFFEE BREAK: lay off response

The Business Examiner asked its readers what advice they had for people who have been or are facing possible lay offs.

Here is how one business person responded:

The magnitude of the nationwide lay off rate is staggering. It is creeping into almost every industry from construction to the technology world. I personally know people from each of those industries that are currently laid off.

February 2009

Nominations sought for area's outstanding health workers

The Business Examiner has partnered with local agencies to recognize this year's Health Care Champions. There are countless "champions" in the thriving health care market, and the Business Examiner, in partnership with the Pierce County County Medical Society, needs help in identifying them in Pierce.

The business newspaper group has also partnered with the Thurston County Chamber and Thurston-Mason County Medical Society for a similar program in Thurston and Mason counties.  

February 2009

AT&T to refund customers for roadside assistance fees

Calling all current and former AT&T Mobility customers: If you have a wireless phone, you may have paid $2.99 per month without your knowledge for a program called Roadside Assistance. The Washington Attorney General's Office says that if you didn't use the service and didn't authorize the addition of the service to your wireless account, you may qualify for a refund under a new settlement filed today in Thurston County Superior Court.

February 2009

State economic picture darkens

The preliminary forecast  from the state Economic and Revenue Forecast Council assumes a much more severe recession than did the forecast adopted in November.

The recession is expected to last six quarters with a peak-to-trough decline in real Gross Domestic Product of 2.7 percent. The unemployment rate, which has already risen from a cyclical low of 4.4 percent in December 2006 to 7.6 percent January 2008, is expected to climb to 9.0 percent in March 2010. Payroll employment, housing starts, and personal income are also much lower in the new forecast. One piece of good news since the November forecast is the adoption of much larger stimulus package than assumed in November.  

February 2009
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