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|Articles - December 2011|
|Tuesday, November 15, 2011|
Page 3 of 5Such factors have set the stage for a coming year that’s not likely to show marked improvements over this one. For starters, housing is expected to continue to lag, and with that comes continued hits to jobs in construction, financing, real estate and other ancillary fields.
“In 2012, I think housing is just going to limp along and maybe marginally improve,” Potiowsky says. “You’re not going to see any huge increase in building.”
That will extend some of the pain that many of Oregon’s smaller forest products communities have been feeling for years.
“As a whole, the wood products industry is still dependent on the larger economy,” says Larry Holzgang, a business development officer for Business Oregon in Josephine, Jackson, Lake, and Harney and Klamath counties. “Some of our wood products and secondary wood products companies are still struggling, and that’s not going to turn around until the entire housing and construction industry in the entire United States does.”
Unemployment, which was at 9.6% in September, had dropped from 10.7% the year before, but it still remained flat through this past summer and above the national rate of 9.1%. Potiowsky says that’s not likely to change much in the months ahead and job growth on the whole will be slow.
Economists and policymakers are also concerned about conditions in foreign markets and how they could impact Oregon. For starters, the European debt crisis, involving countries such as Greece, Portugal, Spain and Italy, threatens to spiral out of control. If it does, Oregon’s European export trade could be constricted. Duy sees an even bigger problem if the European debt crisis results in further tightening of international credit markets.
Another foreign market of concern is China. At present, China is Oregon’s biggest export destination; about $4 billion of Oregon’s $17.7 billion in exports in 2010 went to China. Any slowdown in the Chinese economy could impact Oregon, and there are concerns that China may be harboring a real estate bubble and a bigger economic slowdown than the country is letting on. In addition, political tensions over the value of Chinese currency could potentially lead to higher tariffs on Oregon exports to the country.
Monday, August 18, 2014
Portland is in the middle of another construction boom, with residential and office projects springing up downtown, in the Pearl and Old Town. OB Web Editor Jessica Ridgway documents the new wave.
Thursday, July 24, 2014
BY LINDA BAKER | OB EDITOR
Remember the naysayers? Those who called the South Waterfront aerial tram a boondoggle? Those who rejoiced at the massive sell off of luxury condos at the John Ross and Atwater Place?
Thursday, June 26, 2014
Monday, July 07, 2014
BY TOM COX | OB BLOGGER
Named after the 2010 experiment by Thomas Ryan, "Robin Sages" are fake social media profiles designed to encourage linking and divulging valuable information.
Tuesday, July 08, 2014
BY LINDA BAKER | OB EDITOR
The New Yorker recently published a sharply worded critique of “disruptive innovation,” one of the most widely cited theories in the business world today. The article raises questions about the descriptive value of disruption and innovation — whether the terms are mere buzzwords or actually explain today's extraordinarily complex and fast changing business environment.
Update: We caught up with Portland's Thomas Thurston, who shared his data driven take on the disruption controversy.
Monday, July 14, 2014
BY TERRY "STARBUCKER" ST. MARIE
I really didn’t know that much about angel investing, but I did know a lot about the entrepreneurial spirit.
Friday, June 27, 2014
BY JASON NORRIS | OB BLOGGER
Over the last several months we have seen a wave of cross-border acquisitions, primarily U.S.-based companies looking to purchase non-U.S.-based companies. There are a few reasons for this, but the main culprit is the U.S. corporate tax system. The United States has one of the highest corporate tax rates in the world.
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