This press release from DOR …
Olympia, Wash., February 24, 2011 – The Bremerton office of the
Washington State Department of Revenue is hosting a free workshop
for new and small business owners on Thursday, March 10, from 9-11
a.m., at the Sheridan Park Community Center, Rooms B and C, 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 receive a workbook and helpful
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
Here’s what I’ve picked up so far from the 2010 U.S. Census.
More to come as more becomes available. Rachel Pritchett,
Kitsap County’s race makeup remained virtually unchanged in the
According to the 2010 census, 85 percent of Kitsap residents were
Caucasian; 5 percent Asian; 3 percent African American; 2 percent
Native American; 1 percent Pacific Islander; and the remainder were
other races or a combination.
The proportions were almost identical to those in the 2000
Bremerton was the most racially diverse city. Seventy-seven
percent of the population was Caucasian, 7 percent Asian, 7 percent
Hispanic, and 4 percent African American.
Bainbridge Island was the county’s whitest city. Ninety-one percent
of its population was Caucasian, 4 percent Hispanic, 3 percent
Asian and .4 percent African American.
“The cost of housing affects the diversity on the island, because
there’s a connection between income, race and ethnicity,” said Ken
Balizer, executive director of the Housing Resources Board, a group
that works toward greater diversity by providing and maintaining
affordable housing opportunities.
Here’s another tidbit:
Kingston proportionally has the most empty living units. Fifteen
percent of all living units in Kingston were empty.
In Port Orchard, only 7 percent of all its homes had no one living
in them, according to the census.
“In a lot of ways, this area up here is a second-home market,”
explained Carter Dotson, broker/owner of the Windermere office in
Kingston. The tough housing market has meant that fewer people can
buy those second homes, he said. Many of them are waterfront
Boeing commuters, why don’t you call me. Rachel Pritchett,
business reporter, (360) 475-3783
Midday Dow at 12,024, down 81 points. Oil at $99.77 today.
NEW YORK (AP) — Stocks fell for the third straight day Wednesday
as surging oil prices overshadowed signs of an improving job
Oil prices neared $100 a barrel as clashes in Libya intensified
between forces loyal to Moammar Gadhafi and anti-government
protesters. Rebels control much of the eastern part of the country,
effectively splitting Libya into two.
Libya is the world’s 15th largest exporter of crude, accounting for
2 percent of global daily output. Traders are worried the revolt
could threaten Libya’s oil production and spread to other countries
in the region, such as oil-rich Saudi Arabia. Higher oil prices can
also slow the U.S. economy by increasing transportation costs.
The Dow Jones industrial average fell 79 points, or 0.7 percent, to
12,026. The Standard & Poor’s 500 index fell 7, or 0.5 percent,
to 1,300. The Nasdaq composite fell 3, or 0.1 percent, to
The Labor Department said fewer people applied for unemployment
benefits last week, a sign that the job market is recovering. The
four-week average for applications, a figure closely watched by
financial analysts, fell to its lowest level in more than two and a
half years. The Commerce Department said sales of new homes fell
significantly in January, another sign that the housing industry is
Several companies rose after announcing better than expected
Dow at 12,125 at midday, down 87 points.
NEW YORK (AP) — Stocks are falling for a second day after oil
prices hit two-year highs and computer giant Hewlett-Packard said
its revenue growth is slowing.
Oil prices jumped 2.5 percent as clashes continued between Libyan
leader Moammar Gadhafi’s forces and anti-government protesters.
Libya accounts for 2 percent of the world’s daily oil output.
Hewlett-Packard sank 10 percent after announcing a disappointing
revenue forecast for the rest of the year. It was the worst
performing stock in the Dow Jones industrial average. Chevron Corp.
rose the most in the Dow, and other oil stocks also rose.
The Dow is down 49 points, or 0.4 percent, to 12,163 in midday
The S&P 500 is down 5, or 0.4 percent, to 1,310. The Nasdaq
composite is down 24, or 0.9 percent, to 2,731.
Today, the average price of a gallon of unleaded in Kitsap
County is $3.41, according to auto club AAA. That’s up 2 cents from
yesterday and 9 cents from a week ago. How far will it go? The
price of oil just passed $100 a barrel today, which isn’t
comforting. Rachel Pritchett
NEW YORK (AP) — The price of oil passes $100 per barrel for the
first time since October 2008.
Benchmark West Texas Intermediate crude on Wednesday rose $4.59 to
$100.01 in afternoon trading on the New York Mercantile Exchange.
Brent crude, which can be shipped around the world and better
reflects global demand, hit $100 per barrel on Jan. 31 and is now
Prices have jumped in the past week as protestors in Libya clashed
with supporters of Moammar Gadhafi and appeared to gain control
over parts of the country. Oil companies working in Libya have
pulled workers and idled production operations that provide oil and
gas mainly to Europe.
Would you please call me today and share you views about
Rachel Pritchett, (360) 475-3783
… and you have an opinion one way or the other on most
registered nurses at that facility eventually going to 12-hour
shifts, please call me as I prepare a story.
Rachel Pritchett, reporter
Today’s average price for a gallon of unleaded in Kitsap is
$3.32, up a penny from Tuesday and up 51 cents from this time last
year. Oil prices continue to rise, signaling no downward turn in
the near future, at least. Here’s some explanation of that:
Oil prices moved up toward $85 a barrel Wednesday after a report
showed U.S. crude supplies unexpectedly fell last week, suggesting
demand may be improving.
By early afternoon in Europe, benchmark crude for March delivery
was up 27 cents at $84.59 a barrel in electronic trading on the New
York Mercantile Exchange. The contract fell 49 cents to settle at
$84.32 on Tuesday.
In London, Brent crude for April delivery gained 62 cents to
$102.26 a barrel on the ICE Futures exchange.
Analysts said the wide gap between the Nymex and Brent contracts,
over $14 for contracts expiring in April, would likely hold for
“The shrinking supply of North Sea oil should continue to support
the price of Brent, especially as demand for crude oil from this
region is robust,” said a report from Commerzbank in Frankfurt.
“This suggests that Brent will retain a price premium over WTI,
even if the price gap does narrow in the coming months, as we
The American Petroleum Institute said late Tuesday that crude
inventories fell 354,000 barrels last week while analysts surveyed
by Platts, the energy information arm of McGraw-Hill Cos., had
forecast an increase of 2.8 million barrels. Crude supplies at the
key Cushing, Oklahoma terminal rose 250,000 barrels.
Inventories of gasoline rose 1.2 million barrels and distillates
dropped 1.2 million barrels, the API said.
The Energy Department’s Energy Information Administration reports
its weekly supply data — the market benchmark — later
“Recent (API) surveys have been exactly in line with the energy
department’s when it comes to Cushing, which bodes well for prices
today,” energy consultant The Schork Report said. “If the energy
department corroborates, the (oil price) bottom may be behind us
In other Nymex trading in March contracts, heating oil rose 1.4
cents to $2.743 a gallon and gasoline gained 1.4 cents to $2.5028 a
gallon. Natural gas futures were down 1.9 cents at $3.957 per 1,000
Dow now at 12,249, up 22 points.
NEW YORK (AP) — Strong earnings results and another round of
corporate deals led stocks higher Wednesday.
Family Dollar rose 22 percent after investor Nelson Peltz’s firm
offered to pay up to $60 a share to take the discount retailer
private. That was a 36 percent premium from Tuesday’s closing
price. Family Dollar rose the most of any stock in the Standard
& Poor’s 500 index.
Genzyme rose nearly 2 percent after French drug maker
Sanofi-Aventis agreed to buy the U.S. biotechnology firm for $20
billion in cash. The deal ended months of haggling between the two
Dell Inc. rose 10 percent a day after the personal computer maker
raised its revenue forecast for the fiscal current year, a sign
that businesses are spending more on computers, servers and other
Abercrombie & Fitch Co. rose 6 percent after the teen clothing
maker said its fourth-quarter net income nearly doubled on strong
sales overseas and better U.S. results.
Comcast Corp. also reported earnings that surpassed analysts’
expectations. Its stock rose 3 percent after more customers signed
up for a combination of TV, high-speed Internet access and digital