I’m asking for a story I’m working on. National Retail Federation says we’re way, way down.
Rachel Pritchett
475-3783
rpritchett@kitsapsun.com
I’m asking for a story I’m working on. National Retail Federation says we’re way, way down.
Rachel Pritchett
475-3783
rpritchett@kitsapsun.com
The average price for a gallon of gas in Kitsap County rose to
$2.89 Monday, up 16 cents from a month earlier and up about a
dollar from last December.
The price of gas in Kitsap County on Monday was 28 center highe
than the national average for a gallon of unleaded gas.
Nationally and locally, the price has generally been creeping up
since last December. In Kitsap County, the price hovered around
$2.85 a gallon.
Nationally on Monday, the state with the most expensive gas was
Hawaii, where getting around cost about $3.32 a gallon.
The state with the cheapest gas was South Carolina, where it was
$2.36 a gallon.
You’d receive a rebate for as much as $200 off a higher efficiency major appliance? That’s what’s coming this fall. Give my your thoughts.
Rachel Pritchett, business writer
(360) 475-3783
rpritchett@kitsapsun.com
Now at 9,450, down 94 points.
NEW YORK (AP) — Investors were trading cautiously on the last
day of August following a big drop in Asian markets.
U.S. stock futures fell after China’s main index plunged 6.7
percent, adding to a nearly 3 percent drop on Friday. The selloff
in Chinese shares has been fed by concerns over a tightening in
bank lending that could hurt the country’s economy. That in turn
has weighed on markets around the globe this month.
Japan’s Nikkei stock average fell 0.4 percent after the country’s
opposition party came to power in a landslide victory. European
markets were also lower.
There is little economic news scheduled for Monday, but key
readings come later this week on manufacturing and employment in
August that have the ability to either sustain or upset the
market’s massive six-month rally.
After rising more than 45 percent from 12-year lows in March, the
Dow Jones industrial average stands less than 500 points away from
10,000. Investors have grown increasingly worried that the market
may have gotten too far ahead of the economy. Without evidence of
actual economic growth, analysts have warned that the market’s
rally could fizzle in the coming weeks, especially as traders head
into September, historically a rough month for the stock
market.
“There’s enough jitteriness to set the stage for a decline,” said
Hugh Johnson, chairman and chief investment officer of Johnson
Illington Advisors. “The economic numbers could neutralize the
nervousness, could put portfolio managers’ worries to rest.”
Ahead of the market’s open, Dow Jones industrial average futures
fell 61, or 0.6 percent, to 9,475. Standard & Poor’s 500 index
futures fell 6.80, or 0.7 percent, to 1,020.60, while Nasdaq 100
index futures fell 15, or 0.9 percent, to 1,627.50.
Bond prices were mixed. The yield on the benchmark 10-year Treasury
note, which moves opposite its price, rose to 3.46 percent from
3.45 percent late Friday.
The dollar was higher against other major currencies, while gold
prices fell.
Oil prices lost $1.67 to $71.07 a barrel in electronic trading on
the New York Mercantile Exchange.
Germany’s DAX index was down 0.8 percent, while France’s CAC-40 was
down 0.7 percent in afternoon trading. The London Stock Exchange
was closed for a public holiday.
In corporate news, oilfield services company Baker Hughes Inc. said
it will buy BJ Services Co. in a cash-and-stock deal valued at $5.5
billion.
BJ Services shares shot up more than 11 percent in premarket
trading, adding $1.74 to $17.17. Baker Hughes shares fell $1.34, or
3.5 percent, to $36.75.
Stocks are on track to have their best August since 2000, with the
Dow and the S&P 500 up just over 4 percent for the month as of
Friday. Most of the gains were made earlier this month as investors
cheered improvements in consumer confidence and an upbeat
assessment of the economy from Federal Reserve Chairman Ben
Bernanke.
Last week, the major indexes all rose less than 0.5 percent amid
light trading and little news.
Trading is expected to be relatively light this week as well, with
many traders taking vacations. Light volume can skew the market’s
movements. Still, there are a number of important readings on the
economy that could sway the market one way or the other.
On Tuesday, the Institute for Supply Management will issue its
assessment of the manufacturing industry during August. Economists
are expecting ISM’s manufacturing index to come in at 50.1, up from
48.9 in July. A reading above 50 would indicate growth in
manufacturing, something that hasn’t happened since January
2008.
The most important piece of data this week is the government’s
monthly jobs report on Friday. Economists are expecting another
220,000 jobs were lost, down from 247,000 in July. Last month’s
report showed an unexpected dip in the unemployment rate and
investors are anxious to see if the rate continues to fall.
As unemployment spiked this year, Americans who lost their jobs or
were worried about their job security dramatically cut back on
their spending. If fewer jobs are being lost, consumers might start
to feel comfortable spending again and help get the economy back on
its feet.
August sales reports from major retailers this week will provide
the latest insight into consumer spending.
By Rachel Pritchett
rpritchett@kitsapsun.com
SUQUAMISH
Olympic College and Port Madison Enterprises are putting the final
touches on a certificate program in tribal gaming management that
represents a new level of collaboration between the two.
A few more instructors have to be hired and a few more lines added
to the customized college-level curriculum before school starts
Sept. 21.
Eighteen promising PME workers have been chosen to earn the new
Tribal Enterprise Gaming Management certificate. Their tuition will
be paid by PME while they earn 15 credits over a year on company
time.
Classes will be held near the Suquamish Clearwater Casino Resort,
which PME manages.
Enrollment at present is only open to PME employees, but leaders
say if the program’s successful, it could be opened to neighboring
tribes. While some have asked, there is no current plan to open the
course up to the public, however.
“We firmly believe in investing in our employees and our
community,” Russell Steele, PME chief executive officer, said of
the collaboration that’s been a year and a half in the making.
Wendy Miles, OC’s director of customized training, expressed
similar enthusiasm.
“I think both parties are very excited about the opportunity,” she
said.
What PME gets out of the deal are that its best employees become
better ones, now equipped with a broader understanding of the
tribal gaming management. The models they learn will equip them to
work in casinos beyond the Clearwater Casino.
And PME boosts its stock of trained leaders in an industry that
even in this recession continues to grow.
PME currently has 760 employees, according to Steele, making it
among the top private employers in Kitsap County.
Students will take educational excursions into the history of
tribal casino game, hospitality, human relations, financials and
marketing. Instructors will come from the community and OC, and
will include OC’s Jeff Yergler teaching human relations in the
workplace.
The collaboration between a tribe and an institution of higher
learning is becoming increasingly common. In the Northwest, similar
partnerships are in place in with Everett and Tacoma community
colleges and neighboring tribes, as well as with The Evergreen
State College and Grays Harbor Community College.
The partnership between OC and PME started growing around 2006,
when OC provided hospitality training for people who would work in
PME’s new resort. One instructor ended up becoming head housekeeper
at the resort, Steele said.
Everyone hopes the collaboration continues to grow.
“Both parties hope that we will launch another program in 2010,”
Miles said.
Transition Company
Now at La-Z-Boy’s
Silverdale Locale
SILVERDALE
A transition-management company is handing pending orders at the
La-Z-Boy Furniture Galleries store in Silverdale.
A spokeswoman for La-Z-Boy said a previous franchise license for
that store and several others in the Puget Sound region has been
suspended.
The transition company is expediting customers’ orders as quickly
as possible.
Kurt Darrow, chief executive officer of La-Z-Boy, said, “We
apologize to those customers who continue to wait for furniture
orders they placed with previous management. We have moved these
orders to the front of the line in our manufacturing process and
are committed to getting them completed as soon as possible.”
Customers have been contacted, according to a statement from the
company.
The Silverdale store is at 3108 NW Randall Way.
Future ownership of the Silverdale store and the others in
Issaquah, Tacoma, Tukwila and Lynwood has not yet been determined,
according to the statement.
Bremerton Chamber
Plans Trip to Ireland
BREMERTON
The Bremerton Area Chamber of Commerce is partnering with the Eden
Prairie, Minn., Chamber of Commerce for a unique trip to Ireland
next March.
Anyone may travel with the group, however, members of local
chambers of commerce and their guests receive a $100 per person
discount.
An informational meeting will be held at 5:30 p.m. Sept. 17 at the
Chamber office, 286 Fourth St. in Bremerton.
While in Ireland, travelers will have the opportunity to meet with
business people and civic leaders from the Killarney Chamber of
Commerce. Arrangements are in progress for a meeting with Dublin
Chamber representatives as well. The itinerary also includes plenty
of sightseeing.
Travelers depart March 2, 2010, and return on March 11. They will
visit Dublin, Kilkenny, Waterford, Blarney Stone, Killarney,
Limerick, Galway and the Cliffs of Moher. Interested travelers may
also extend their trip to enjoy golfing in Ireland or visit other
countries in Europe.
To reserve a space at the meeting or for more information about the
trip, contact the Bremerton Area Chamber of Commerce at (360)
479-3579 or chamber@bremertonchamber.org.
Free Workshop
in Bremerton for
Small-Biz Owners
Bremerton
The Bremerton office of the state Department of Revenue is hosting
a free workshop for new and small business owners from 9 a.m. to
noon Sept. 10 at the Sheridan Park Community Center, 680 Lebo Blvd.
in Bremerton.
Participants will learn about Washington excise taxes, reporting
classifications, deductions, tax incentives, sales tax collection
and record-keeping requirements. All will receive a workbook and
reference guide to Department of Revenue rules and regulations.
To register, visit the Department of Revenue Web site at
www.dor.wa.gov or call (800) 647-7706. Space is limited.
A complete schedule of workshops statewide, and a short streaming
video version of the workshop in English and Spanish, is available
on the Web site.
On the Job
Bill Strunk has been named the new financial adviser with the Navy
Federal Credit Union for Washington state. He will be based out of
Silverdale and will service the Bremerton, Whidbey Island, Everett
and McChord Air base branches. Strunk is a lifelong Washington
resident, a Navy brat, a U.S. Army veteran of the Gulf War era, and
a graduate of the University of Washington. He previously worked
for two global financial firms, most recently Merrill Lynch. Reach
him at (360) 337-9994 or toll-free at (877) 221-8108.
Tiffany Walton has been promoted to general manager of Olympic
Peninsula Personnel Inc., which is celebrating 40 years of business
in Kitsap County. It provides permanent and temporary employment
services to the Kitsap and surrounding areas. Hours of operation
are now 8:30 a.m. to 5 p.m. Reach her at (360) 479-4950 or e-mail
her at info@olyjobs.com.
Calendar
Sept. 10
What: The Port Orchard Chamber of Commerce will host Navy Capt.
Mark Olson, commanding officer of Naval Base Kitsap, at its Sept.
10 membership luncheon. He will discuss the base, which is the
third-largest in the Navy inventory with more than 45 real
properties (land, buildings or facilities) encompassing more than
10,000 acres in Washington, Alaska, Idaho and British Columbia. The
chamber also will present a new award: Hospital Corpsmen of the
Quarter. The chamber’s Military Affairs Committee will benefit from
the September raffle.
When: 11:30 a.m.
Place: Banquet room at McCormick Woods Clubhouse, 5155 McCormick
Woods Drive SW in Port Orchard
Cost: $20 for members who prepay by Sept. 8; $22 for
non-members
Reservations: Required; visit www.portorchard.com or call the
Chamber office at (360) 876-3505 by 11 a.m. Sept. 8
Sept. 16
What: The Port Orchard Chamber of Commerce will hold Oktoberfest,
its annual fundraiser and installation banquet, Sept. 16. Following
the installation of new chamber board members and officers, the
previously sold-out show of Jeff and Rhiannon on Dueling Pianos
will be presented. The South Kitsap Small Business of the Year and
the 2009 Man and Woman of the Year awards will be presented. silent
and dessert auctions also are planned for the evening and included
in the ticket price.
When: 6 p.m. Sept. 16
Where: Banquet room, McCormick Woods Clubhouse, 5155 McCormick
Woods Drive SW in Port Orchard.
Cost: $60 per person or $110 per couple. Silver VIP table
sponsorships also are available for groups of 10 for $700, which
includes dinner, Oktoberfest beer and beer steins, listing in the
program and recognition from the stage and a choice of premier tale
locations.
Sponsor: BJC Group Inc.
Tickets: Purchase online at www.portorchard.com, by calling the
Chamber office at (360) 876-3505 or through Port Orchard Chamber
board members.
Sept. 17
What: A program on how to bootstrap your business, stick your toe
in the water to test a market or overcome the cost for your IT
infrastructure is planned for Sept. 17 by the West Sound Technology
Association. Learn about industry’s best practices and how open
source products can revive old hardware to get you started with
less expense. Presenters will include Chris Fisher and Brian
Lunduke, producers of “The Linux Action Show,” an internationally
renowned show focusing on open source best practices, and Brandon
Fouts from Puget Sound Network Users Group.
When: 5:30 to 7:30 p.m.
Where: Poulsbo Branch of the Kitsap Regional Library, 700 NE
Lincoln St. in Poulsbo
Cost: Free to West Sound Technology Association members; $10 for
non-members
Registration: Required; go to wstpa.org
Info: Contact West Sound Technology Association, P.O. Box 1102,
Silverdale, WA 98383
Kitsap Sun staff
By Rachel Pritchett
rpritchett@kitsapsun.com
GORST
It’s not a sight you see every day.
But there it is: A well-tended garden brimming with corn, beets,
yellow squash and cukes right out back behind Peninsula Subaru and
Suzuki in Gorst.
No, all these leafy vegetables aren’t here to help out the ailing
auto industry. These vitamin-brimming carrots, peas and zucchini
are headed to South Kitsap Helpline, to help feed the really
poor.
Not surprising, it’s the only known community garden growing at a
local auto dealership.
“We’re doing the right thing,” said Peninsula president and owner
John Dionas.
He got the idea recently when he was in attending a Subaru of
America meeting in New Jersey, spotted the corporate garden, and
thought, “Why not here?”
The fenced, medium-sized garden sits on a grassy area on the shore
of Sinclair Inlet. It’s impossible to see from the highway.
Called “Peninsula’s Love
Garden,” the new garden is a delight to customers and staffers who
wander out from the showroom to find themselves in an
oasis amid the constant stream of rumbling trucks, fumes and
down-home businesses that is Gorst.
It’s tended by two or three Peninsula employees, headed by Carol
Clinefelter.
“It creates good morale with the company,” Dionas said.
Employees have been harvesting for a couple weeks now, and believe
there’s still time for more planting.
It’s going to be permanent, said Dionas, who’s also active in
charity in the Gig Harbor area, where he lives.
“We’ll do it every year.”
Now at 9,520, down 60 points
NEW YORK (AP) — Stocks are searching for direction as investors
hesitate to extend the market’s recent rally despite an improved
outlook from Intel.
Technology stocks are slightly higher after the world’s largest
maker of computer chips raised the top end of its sales
forecast.
The Intel news failed to spur other sectors higher, however, and
the broader market reverted to the back-and-forth pattern that has
defined trading for much of the past week.
Investors are worried that after sending stocks up more than 45
percent since early March, the market’s rally may have run its
course.
At midday, the Dow Jones industrial average is down 37 at 9,543.
The Standard & Poor’s 500 index is down 1 at 1,029, while the
tech-heavy Nasdaq composite index is up 5 at 2,033.
By Rachel Pritchett
rpritchett@kitsapsun.com
POULSBO
Olympic Outdoor Center, a fixture in downtown Poulsbo for the past
two decades, is moving to Port Gamble.
The kayak-rental business will move into the old fire hall in the
historic sawmill town.
“It opens up a lot of opportunities for us,” said OOC owner and
founder John Kuntz.
Among those are paddling excursions in Port Gamble Bay and Hood
Canal, including overnight stays at parks that dot the canal.
Paddling there is a notch up over paddling alongside Liberty Bay’s
protected shoreline, he said.
“Port Gamble is a totally different place to paddle than Poulsbo
is,” he said.
So that visitors are ready for the new challenge, OOC plans to
boost its array of paddling classes, trips and events.
OOC will close its Poulsbo store Sept. 21, and open its Port Gamble
store on Sept. 26. It will continue to keep some kayaks at its
Poulsbo dock.
The move also allows OOC to work toward becoming a regional
kayaking center. Kuntz is planning a major paddling expo next May
that will spread into the town’s new Hood Canal Vista Pavilion and
down onto the flats. Visitors will stay in tents, something that
wasn’t possible in Poulsbo. He believes OOC’s new Northwest Paddle
Sports Expo will draw visitors from all over the Northwest.
“Those opportunities make themselves available when you go to a
bigger place,” he said.
And someday, perhaps OOC can grow its new location to include a
water sports park and training facility, Kuntz said.
“The possibilities are there.”
The move falls in line with a desire of the manager of Port Gamble,
Olympic Property Group, to retool the town a bit to draw more
tourist action than it has in the past. Since it opened in July,
the new pavilion has hosted a steady flow of weddings and other
events.
More fairs and special weekend events have come to Port Gamble in
recent years, as well.
“We plan on being a big part of that,” Kuntz said.
The building where OOC is located now is for sale, spurring Kuntz’s
decision to head north, he said.
The popular Poulsbo boat-rental outfit will relocate into Port Gamble’s historic fire house. Look for my story soon.
Rachel Pritchett