International Business News - OR http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Did stocks "crash"? Some news organizations and investors are hesitating to use the word to describe Wall Street's terrifying sell-off. http://www.ibtimes.com/data/articleimgs/149602-wall-street.jpg http://www.ibtimes.com/articles/20081010/stocks-got-slammed-but-was-it-a-crash.htm http://www.ibtimes.com/articles/20081010/stocks-got-slammed-but-was-it-a-crash.htm Fri, 10 Oct 2008 21:05:51 EDT The entire Oregon coast has been closed to mussel harvesting due to marine toxins. The Oregon Department of Agriculture shut down the recreational harvest from the mouth of the Columbia River to the California border due to elevated levels of paralytic shellfish poisoning toxins. http://www.ibtimes.com/articles/20081010/entire-oregon-coast-closed-to-mussel-harvest.htm Fri, 10 Oct 2008 16:09:34 EDT Prosecutors say an Oregon company that illegally imported tractors from China is believed to be the first prosecuted criminally for violating a new Clean Air Act regulation. http://www.ibtimes.com/articles/20081010/ore-company-fined-for-illegal-tractor-imports.htm Fri, 10 Oct 2008 13:12:06 EDT The Bureau of Land Management says its new management plan for 2.6 million acres of Western Oregon assures an increased but sustainable timber harvest and protects federally listed wildlife. http://www.ibtimes.com/articles/20081009/blm-ore-timber-plan-promotes-sustained-yield.htm Thu, 09 Oct 2008 17:11:24 EDT A major condominium construction project planned near downtown Florence has been canceled. Owners of a former middle school site notified city officials Wednesday that Wyndham Resorts had withdrawn its offer to purchase the property. http://www.ibtimes.com/articles/20081009/developers-pull-plug-on-oregon-coast-time-share.htm Thu, 09 Oct 2008 12:06:04 EDT The U.S. Bureau of Land Management is ready to release an environmental impact statement on its plans to step up logging in Western Oregon. The plan is known as the Whopper because of its abbreviation: WOPR, or Western Oregon Plan Revisions. http://www.ibtimes.com/articles/20081009/agency-to-detail-effects-of-boost-in-ore-logging.htm Thu, 09 Oct 2008 08:16:08 EDT It can be a fine line between investing and gambling. But in Las Vegas, you know the odds. On Wall Street, that's not always the case. Especially when it comes to the $62 trillion market in arcane financial contracts known as "credit default swaps." http://www.ibtimes.com/articles/20081007/unregulated-swaps-hastened-wall-street-collapse.htm Tue, 07 Oct 2008 17:03:35 EDT Just 10 months ago, Oregon's Public Employees Retirement System was overfunded, enjoying a surplus of nearly 12 percent. But just as the economy has tumbled in recent months and days, so has the fund, dropping from $63 billion to $57 billion. http://www.ibtimes.com/articles/20081007/ore-treasurer-aspirants-spar-over-retirement-fund.htm Tue, 07 Oct 2008 11:02:28 EDT Oregon Gov. Ted Kulongoski says he will propose a transportation package in January that could create thousands of family-wage construction jobs. Kulongoski made the promise in a Monday speech to economic development directors from around Oregon. http://www.ibtimes.com/articles/20081006/oregon-gov-to-propose-big-transportation-package.htm Mon, 06 Oct 2008 16:38:15 EDT The Wall Street meltdown has made its way to Main Street in Oregon or, in Portland's case, Naito Parkway. State and local governments are putting bond sales on hold as they wait to see whether a congressional bailout might calm the markets. http://www.ibtimes.com/articles/20081003/meltdown-gums-up-the-works-for-oregon-bonds.htm Fri, 03 Oct 2008 11:05:58 EDT A week after rescinding a 3.2 percent pay raise for state agency directors, Oregon Gov. Ted Kulongoski is working on a state budget proposal that he said will force government "to tighten its belt" in these turbulent economic times. http://www.ibtimes.com/articles/20081002/oregons-governor-warns-of-tighter-state-budgets.htm Thu, 02 Oct 2008 11:48:08 EDT Rescue: To help someone or something out of a dangerous, harmful or unpleasant situation. Bailout: To help a person or organization that is in difficulty, usually by giving or lending them money. http://www.ibtimes.com/articles/20080930/politicians-prefer-rescue-not-bailout.htm Tue, 30 Sep 2008 17:34:36 EDT A ballot measure that aims to tie teachers' pay to their "classroom performance" is adding another round to a long-running feud between Oregon's teachers unions and conservative activist Bill Sizemore. http://www.ibtimes.com/articles/20080929/oregon-measure-seeks-merit-based-pay-for-teachers.htm Mon, 29 Sep 2008 11:04:15 EDT Oregon has received $19.6 million in federal grants to purchase and redevelop foreclosed homes. That's the same amount as Alaska and Idaho got in the federal government's program to blunt the effects of the national wave of foreclosures. Washington state got $28.2 million. http://www.ibtimes.com/articles/20080926/oregon-receives-19-6-million-for-foreclosures.htm Fri, 26 Sep 2008 14:03:06 EDT Gov. Ted Kulongoski says he wants electric cars to be assembled in Oregon. He has scheduled a trade trip to Japan and China in late November to talk to Toyota and Chinese car manufacturer BYD. http://www.ibtimes.com/articles/20080926/oregon-governor-eyes-electric-car-industry.htm Fri, 26 Sep 2008 12:50:50 EDT Mayor Michael Bloomberg has suddenly managed to make speculation about his future look like a tug of war--stay four more years and guard the city against financial ruin or leave now and do the same for the nation. http://www.ibtimes.com/articles/20080924/stay-or-go-2-paths-diverge-for-nyc-mayor.htm Wed, 24 Sep 2008 07:57:26 EDT Mayor Michael Bloomberg has suddenly managed to make speculation about his future look like a tug of war--stay four more years and guard the city against financial ruin or leave now and do the same for the nation. http://www.ibtimes.com/articles/20080923/stay-or-go-2-paths-diverge-for-nyc-mayor.htm Tue, 23 Sep 2008 14:47:07 EDT A federal judge has refused to dismiss obscenity charges against an adult film producer after a scandal with the trial judge this summer forced a mistrial. http://www.ibtimes.com/articles/20080922/judge-wont-drop-la-obscenity-case-after-mistrial.htm Mon, 22 Sep 2008 22:27:16 EDT Proposed pay raises for legislators and other public officials drew complaints from some Oregon residents who said there's no justification for the increases at a time when the economy is declining. http://www.ibtimes.com/articles/20080919/pay-hikes-for-oregon-officials-draw-criticism.htm Fri, 19 Sep 2008 13:02:19 EDT One of the last legal battles over a major reform in the Oregon Public Employees Retirement System in 2003 may be over. The 9th U.S. Circuit Court of Appeals ruled Wednesday the state could update the mortality tables used to calculate benefits beginning in 2004 as ordered by the Legislature. http://www.ibtimes.com/articles/20080918/ore-appeals-court-approves-pers-mortality-tables.htm Thu, 18 Sep 2008 14:13:48 EDT