News

With So Much Oil Flowing, U.S. May Be Reaching Storage Limits

NPR | March 30, 2015

Amid record production, some analysts worry the U.S. will run out of places to put it all. One says lack of storage space could drive oil down to around $20 a barrel, less than half the current price.

How Singapore Became One Of The Richest Places On Earth

NPR | March 29, 2015

The founder of modern Singapore, Lee Kuan Yew, used both free-market principles and strong central planning to transform the tiny former British colony into an economic powerhouse.

Closure Of Private Prison Forces Texas County To Plug Financial Gap

NPR | March 26, 2015

A riot at a private immigration prison in Willacy County, Texas, forced officials to close the facility and relocate 2,800 inmates. But it also left the county with a $2.3 million budget shortfall.

More Economy

World | Business | Economy

Venezuela Cuts Oil Subsidies To Caribbean Nations

NPR | March 31, 2015 4:58 a.m.

For a decade, Venezuela offered cheap oil at favorable rates to 13 neighbors, including Cuba. But tumbling oil prices have hit Venezuela's economy hard, forcing it to trim those subsidies.

Economy | News | Transportation

More Truck Traffic Reported On US 97 At Southern Border

AP | March 30, 2015 9:15 a.m.

Southern Oregon has a sign of economic recovery: Lots more big rigs at the weigh scales on Highway 97 near the border with California.

Elections | Business | Economy | Nation

Proposed Payday Industry Regulations Must Strike Delicate Balance

NPR | March 29, 2015 2:54 p.m.

The federal government is moving to reign in the payday loan industry, which critics say traps consumers in a damaging cycle of debt. A look at the possible effects of proposed regulations.

News | Business | Economy | local

KapStone, Union Reach Tentative Deal

OPB | March 27, 2015 3:18 p.m.

After months of negotiations and a strike authorization vote, union officials say they’ve reached a tentative contract agreement with KapStone Paper and Packaging in Longview, Washington.

Business | Economy | Nation

Census Data Prove It: We Prefer Sunshine And Golf Carts

NPR | March 27, 2015 12:17 p.m.

A new Census Bureau report suggests many Americans would rather be driving a golf cart than shoveling a drive. Last year, Florida was home to six of the 20 fastest-growing metro areas in the nation.

Business | Economy | News | Politics | Health

Director Of Oregon's Pot Program Fired

OPB | March 27, 2015 10:33 a.m. | Portland

The Oregon Liquor Control Commission will not say why the director of the state's marijuana program was fired.

News | Business | Economy | local | Politics

Leavitt Promises Broadband Internet, Fully Staffed Police Department

OPB | March 26, 2015 5:23 p.m. | Vancouver, Washington

Vancouver, Washington, Mayor Tim Leavitt gave his State of the City Address Thursday to more than 100 people at Vancouver City Hall.

Economy | News | Education

Study Finds WSU Has $3.4B Economic Impact In State

AP | March 26, 2015 8:29 a.m.

A new study says Washington State University generated more than $3.4 billion in economic impact within the state last year.

Business | Economy | Nation

Midwest Town Braces For More Steel Layoffs

NPR | March 25, 2015 10:40 p.m.

U.S. Steel is shutting down its Granite City Works in southern Illinois. The plant makes flat-rolled steel for oil companies, who are themselves hit by lower oil prices.

Economy | News | Politics

Baker City Passes Ban On Pot Sales

OPB | March 25, 2015 4:19 p.m.

 Baker City Council has passed an ordinance banning the sale of recreational marijuana in the city.