BAKER CITY— Baker City’ s budget approval process was relatively smooth this month, but City Manager Barry Murphy said the road ahead could be bumpier. Combined, they accounted for about 67% of the general fund— $3.14 million for the police department, with 19 employees, and $1.9 million for the fire department, which has 11 employees. The city’ s PERS bill for the…
The debate over health insurance in the United States has returned to the forefront as the Affordable Care Act faces political pressure, insurance premiums continue to climb and physicians experience increasing restrictions from insurance companies. Today, the United States spends a relatively high amount per person on health care, but Americans die…
OPINION— As temperatures rise and storm season approaches, it's a good idea to review your homeowners insurance policy. Tornadoes, hurricanes, wildfires, flooding and other natural disasters can strike with little warning. If your coverage is outdated, you could find yourself without adequate protection when you need it most.
When Republican members of Congress grouse about the president's excesses, it's usually just talk. Thom Tillis, R- North Carolina, used his power over confirmations to force the Trump Justice Department to drop its frivolous criminal probe into Federal Reserve Chair Jerome H. Powell. The " Anti-Weaponization Fund" announced last week is part of the "settlement" of…
PacificSource plans to lay off 97 employees in Oregon this summer as the Springfield- based health insurer scales back its operations amid mounting financial pressures. The layoffs follow the insurer’ s recent decision to leave the Affordable Care Act marketplace in Oregon, Idaho and Montana after 2026 and exit Montana’ s insurance market entirely.
Kevin Warsh was sworn in May 22 for a four-year term as chair of the Federal Reserve, a role that will grant him outsized influence over interest rates and the direction of the U.S. economy. The 56- year-old former finance executive and adviser to President George W. Bush previously served on the Fed's board of governors from 2006 to 2011— when the central bank had to…
Crypto-related innovations could reshape key elements of the U.S. financial system and impact its overall stability. Those questions and others were explored at the Third Conference on Stablecoins and Tokenization, organized by the Federal Reserve Banks of Boston and New York on May 22. Boston Fed Vice President Kenechukwu Anadu organized the conference…
The following information was released by the office of the Governor of New York:. The Governor secured investments that will lower costs, put New York on a path to realizing universal childcare, reduce utility costs statewide, and bring down the cost of insurance rates for drivers. Manhattan Borough President Brad Hoylman-Sigal said, "I applaud Governor Hochul…
