Archive For November 20, 2016

American bounty, from one data point

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I read a brief in the business section of today’s Seattle Times reporting that U.S. beef supplies in October hit a record with data going back to 1915. More than 532 million pounds are in cold storage, up 4.6 percent from the same period last year, according to the U.S. Department of Agriculture. Another 396…

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As housing costs soar, Seattle becomes nation’s top roommate city

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After graduating from the University of Washington and landing her first job, Gaby Condarco took yet another big step toward adulthood — she rented her own apartment. “I lived there for a year on my own,” she said of her Belltown studio. “I really loved living alone. But then I decided it was time to…

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Vote: How will you buy this holiday season?

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It’s called Black Friday because it kicks off the season when retailers hope to make enough money to fall into the black for the year. Retail sales excluding food had risen to $411 billion through October, a record, climbing out of the recession trough of $294 billion in 2009. According to the Adobe Digital Index,…

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At Boeing’s 777X wing factory, robots get big jobs

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At Boeing’s 777X wing factory, robots get big jobs

As the first 110-footlong wing skin panel for Boeing’s new 777X jet moved slowly across a mammoth new Everett factory building one morning earlier this month, a small crew walked alongside, watching for any possibility of an expensive collision. The “spotters” escorted the panel’s bright-orange transport platform as it followed invisible tracks embedded in the…

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Economic disparity drives red, blue divide

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“Make America Great Again” was the campaign slogan of President-elect Trump. And whatever messages they read into it, the words resonated with his supporters. Others would say America never stopped being great. But from an economic standpoint, the superstar states and metropolitan areas are blue. For example, in its new State Technology and Science Index,…

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Monday Memo: Microsoft annual meeting, home prices, AWS conference

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TUESDAY: Amazon Web Services’ mammoth annual conference, re: Invent, begins in Las Vegas. At the three-day event, AWS CEO Andy Jassy and others will lay out plans for growing the $12 billion unit that generates much of Amazon’s profit. Several of the key presentations will be streamed. S&P/Case-Shiller will release its monthly index comparing home-price…

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Cyber Monday transforms as shoppers are more connected

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NEW YORK (AP) — The Monday after Thanksgiving is still a time when millions of Americans pause to check out online deals and check off items from their gift list — but a one-day Cyber Monday frenzy appears to be going the way of the dial-up modem. Shoppers who have high-speed connections at home and…

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Global economic agency urges more infrastructure spending

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PARIS (AP) — An international economic agency said Monday that the kind of infrastructure spending promised by U.S. President-elect Donald Trump could boost global growth, but warned that protectionist tendencies hurt prosperity. The Organization for Economic Cooperation and Development overall hit an upbeat note in its latest world economic outlook Monday, thanks in part to…

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Washington jobless rate finally sees significant drop

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After flatlining all year, Washington state’s unemployment rate has dropped significantly and has hit its lowest point in more than eight years, according to new figures released Wednesday. The Seattle area, meanwhile, saw its jobless rate drop for the fifth straight month. It also has fallen to its lowest rate since 2008. The monthly data…

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Yellen says she isn’t going anywhere when Trump takes office

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WASHINGTON (AP) — Federal Reserve Chair Janet Yellen appears unruffled by incoming President Donald Trump’s victory last week. Her remarks to Congress Thursday suggest that the central bank is on track to raise interest rates at its meeting in December, one month before Trumps takes office. She said she has no plans to step down…

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