Good grief, I’m away from the computer for the weekend and stuff falls apart: Community First Bank is no more… closed by the government Friday and then re-opening today under the aegis of Home Federal Bank out of Idaho. At least people didn’t lose any money—according to the Bulletin: Because the bank was acquired, there won’t be any losses for Community First Bank depositors who have deposits, including those whose deposits exceed the $250,000 FDIC … Continue reading →
The NY Times this evening published a doozy: Slump Dashes Oregon Dreams of Californians. The freefall has made Bend a succinct symbol for the economic perils of “lifestyle destinations” in the so-called New West, recreation-heavy communities where jobs have been heavily tilted toward construction and services and where many of the new residents were self-made exiles from California cashing in on their overpriced real estate. Now the Californians who contributed to Oregon’s growth are in … Continue reading →
After work today we stopped in to the Eastside Longboard Louie’s for a drink and appetizer, and I have to blog this: they have $2 pints of beer all day, every day. No kidding! My wife told me about it some time back, but I thought that meant they had a happy hour, or a locals night or something. No. It’s $2 always, as near as I can tell. (I don’t know if they have … Continue reading →
Two items from May 1st which got missed the first time around, both dealing with the local news media’s economic troubles: Oregon Media Insiders reports Major Cuts at KOHD: "Non-renewed contracts, I’m told, include sports reporter Rachel Azevedo, reporter Allison Martin (once the weekend anchor when they had a weekend show) and anchor Jay Frank, who’s still got a year on his contract. The 5 pm producer/assignment editor is an outright layoff…" And over at … Continue reading →
Just announced this morning on KTVZ.com: Cessna is closing its factory here in Bend. Due to a continued slump in plane sales, Cessna Aircraft Co. announced Wednesday morning that it will shut its factory at the Bend Airport and lay off the fewer than 200 people still working there, moving assembly of the Corvalis line of planes to its Independence, Kan., facility. The Bend closure comes as part of an announcement of eliminating 8,200 jobs, … Continue reading →
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